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Japan Smaller Capitalization Fund, Inc.
Fund Highlights - June 30, 2008
(Unaudited)
Key Statistics
| Net Assets |
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$197,566,325 |
|
| Net Asset Value per Share |
|
$9.30 |
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| Closing NYSE Market Price |
|
$9.36 |
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| Percentage Change in Net Asset Value per Share* |
|
(6.6%) |
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| Percentage Change in NYSE Market Price* |
|
(1.6%) |
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| *From January 1, 2008 to June 30, 2008. Includes reinvestment of any income dividends and capital gain distributions. Changes in currency rates have influenced the Fund's performance. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. |
Market Index**
| |
|
Yen
|
|
U.S. $
|
| Benchmark Index **** |
|
(9.0%) |
|
(4.3%) |
|
| TOPIX |
|
(10.5%) |
|
(5.9%) |
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| Nikkei Average |
|
(11.9%) |
|
(7.3%) |
|
|
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| **From January 1, 2008 to June 30, 2008. The TOPIX consists of all companies listed on the Tokyo Stock Exchange (the "TSE"). The Nikkei Average Index ("Nikkei Average") is a price-weighted index of 225 leading stocks on the TSE. |
Average Annual Total Return***
| |
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Return
|
| One Year Ending 6/30/08 |
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(18.3%) |
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| Three Years Ending 6/30/08 |
|
(3.1%) |
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| Five Years Ending 6/30/08 |
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9.6% |
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| Ten Years Ending 6/30/08 |
|
10.8% |
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| Since Inception (3/15/90 to 6/30/08) |
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1.0% |
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| ***Reflects the percentage change in net asset value per share and includes reinvestment of any income dividends and capital gain distributions. Changes in currency rates have influenced the Fund's performance. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. ****Since inception to 8/31/04; Nikkei JASDAQ Average Index. 9/1/04 onwards, Russell/Nomura Index. |
Asset Allocation
| Japanese Stocks |
|
|
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| JASDAQ Stocks |
|
8.4% |
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| TSE First Section Stocks |
|
77.8 |
|
| TSE Second Section Stocks |
|
3.5 |
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| Other Smaller Capitalization Stocks |
|
9.4 |
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| Total Investments |
|
99.1 |
| |
|
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| Total Foreign Currency |
|
1.2 |
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| Other Liabilities Less Assets, Net |
|
(0.3) |
| |
|
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| Total |
|
100% |
| |
|
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| The asset allocation reflects the Fund's investments on the date indicated, and may not be representative of the Fund's current or future holdings. |
Industry Diversification
| |
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% of
Net Assets
|
| Chemicals and Pharmaceuticals |
|
13.5 |
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| Services |
| 11.4 |
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| Banks and Finance |
|
10.5 |
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| Retail |
|
8.9 |
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| Miscellaneous Manufacturing |
|
8.5 |
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| Electronics |
|
6.8 |
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| Automotive Equipment and Parts |
|
6.3 |
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| Machinery and Machine Tools |
|
6.1 |
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| Iron and Steel |
|
4.9 |
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| Wholesale |
|
3.7 |
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% of
Net Assets
|
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| Telecommunications |
|
3.5 |
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| Real Estate and Warehouse |
|
3.2 |
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| Food Manufacturing |
|
2.7 |
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| Transportation |
|
2.2 |
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| Information and Software |
|
2.1 |
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| Electric |
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1.5 |
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| Textiles and Apparel |
|
1.4 |
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| Restaurants |
|
1.0 |
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| Oil and Gas |
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0.9 |
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| The industry diversification reflects the Fund's investments on the date indicated and may not be representative of the Fund's current or future holdings. |
Ten Largest Equity Holdings By Market Value
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Market
Value
|
|
% of
Net Assets
|
| Jupiter Telecommunications Co., Ltd. |
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$5,471,681 |
|
2.8 |
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| Kuraray Co., Ltd. |
|
4,775,446 |
|
2.4 |
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| Hanwa Co., Ltd. |
|
4,281,686 |
|
2.2 |
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| Rohto Pharmaceutical Co., Ltd. |
|
3,975,738 |
|
2.0 |
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| Futaba Industrial Co., Ltd. |
|
3,926,150 |
|
2.0 |
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| Tokai Rubber Industries, Ltd. |
|
3,743,072 |
|
1.9 |
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| Daibiru Corporation |
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3,543,385 |
|
1.8 |
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| Moshi Moshi Hotline, Inc. |
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3,539,607 |
|
1.8 |
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| Toyo Suisan Kaisha, Ltd. |
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3,322,816 |
|
1.7 |
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| Air Water Inc. |
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3,296,445 |
|
1.7 |
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| The ten largest equity holdings by market value reflect the Fund's investments on the date indicated and may not be representative of the Fund's current or future holdings.
Other - Securities Lending
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