Unhedged ETFs Listed on the Tokyo Stock Exchange

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Description

Unhedged ETFs listed on the Tokyo Stock Exchange (TSE). These 35 ETFs leave the currency layer fully in the trade, so returns can move with both the asset and the yen cross. That makes this theme a purer expression of overseas exposure, for better or worse. If hedged funds mute the soundtrack, unhedged funds keep the whole mix. Browse 35 JPX-based entries by code, issuer, fee, and market-maker status.

Theme scope

This theme currently captures 35 Tokyo Stock Exchange listings in ETF Note. The label focuses on currency-unhedged exposures, grouping matching funds from the JPX-based directory.


Nov. 19, 2025	S&P500® (Net Total Return)	449A	State Street® SPDR® S&P 500® ETF (JPY Unhedged)	State Street Global Advisors (Japan)	10	0.028	●
Mar. 31, 2021	S&P 500 (TR)	2633	NEXT FUNDS S&P 500 (Unhedged) Exchange Traded Fund	Nomura Asset Management	10	0.060	●
Mar. 19, 2026	S&P 500 Net Total Return Index(Converted to JPY)	533A	NZAM ETF S&P500(Unhedged)	Norinchukin Zenkyoren Asset Management	1	0.060	●
Mar. 19, 2026	MSCI ACWI Index(Net Total Return)(Converted to JPY)	537A	NZAM ETF MSCI ACWI(Unhedged)	Norinchukin Zenkyoren Asset Management	1	0.078	●
Nov. 28, 2023	Bloomberg U.S. Aggregate Index TTM JPY Currency Unhedged	2256	iShares US Aggregate Bond ETF	BlackRock Japan	10	0.080	●
Mar. 19, 2026	NASDAQ-100 Notional Net Total Return Index(Converted to JPY)	534A	NZAM ETF NASDAQ100(Unhedged)	Norinchukin Zenkyoren Asset Management	1	0.100	●
Nov. 19, 2025	S&P500® High Dividend (Net Total Return)	451A	State Street® SPDR® S&P 500® High Dividend ETF (JPY Unhedged)	State Street Global Advisors (Japan)	10	0.106	●
Apr. 25, 2024	ICE US Treasury 1-3 Year Bond Index JPY 10am Tokyo	181A	MAXIS US Treasury Bond 1-3 Year ETF (Unhedged)	Mitsubishi UFJ Asset Management	10	0.120	●
Apr. 25, 2024	ICE US Treasury 20+ Year Bond Index JPY 10am Tokyo	182A	MAXIS US Treasury Bond 20+ Year ETF (Unhedged)	Mitsubishi UFJ Asset Management	10	0.120	●
Dec. 11, 2017	FTSE World Government Bond Index (ex Japan, JPY Base)	2511	NEXT FUNDS International Bond FTSE World Government Bond Index (ex Japan Unhedged) Exchange Traded Fund	Nomura Asset Management	10	0.120	★
Dec. 10, 2021	S&P US Treasury Bond 7-10 Year Index (JPY-converted)	2838	MAXIS US Treasury Bond 7-10 Year ETF (Unhedged)	Mitsubishi UFJ Asset Management	1	0.120	●
Mar. 19, 2026	Bloomberg US Treasury 7-10 year Index(Converted to JPY)	538A	NZAM ETF US Treasury 7-10Y(Unhedged)	Norinchukin Zenkyoren Asset Management	1	0.120	●
Mar. 19, 2026	FTSE Non-JPY World Government Bond Index (Converted to JPY)	539A	NZAM ETF FTSE WGBI ex Japan(Unhedged)	Norinchukin Zenkyoren Asset Management	1	0.120	●
Oct. 29, 2021	Bloomberg U.S. Treasury 7-10 Year Index TTM JPY Currency Unhedged	2647	NEXT FUNDS Bloomberg US Treasury Bond (7-10 year) Index (Unhedged) Exchange Traded Fund	Nomura Asset Management	1	0.130	●
Aug. 28, 2024	FTSE US Treasury STRIPS Principal 25+ Years Index – Japanese Investment Trust, in JPY terms	237A	iShares 25+ Year US Treasury Bond Long Duration ETF	BlackRock Japan	10	0.140	●
Oct. 15, 2020	FTSE US Treasury Select Index - JIT 1-3 Years in JPY Terms	2620	iShares 1-3 Year US Treasury Bond ETF	BlackRock Japan	1	0.140	★
Mar. 19, 2026	MSCI Kokusai Index(Net Total Return)(Converted to JPY)	536A	NZAM ETF MSCI-KOKUSAI(Unhedged)	Norinchukin Zenkyoren Asset Management	1	0.150	●
Dec. 11, 2017	MSCI KOKUSAI	2513	NEXT FUNDS International Equity MSCI-KOKUSAI (Unhedged) Exchange Traded Fund	Nomura Asset Management	1	0.170	★
Dec. 11, 2017	S&P Developed ex Japan REIT Index (Total Return)	2515	NEXT FUNDS International REIT S&P Developed REIT Index (ex Japan Unhedged) Exchange Traded Fund	Nomura Asset Management	1	0.170	●
Nov. 19, 2025	LBMA Gold Price (JPY Converted)	447A	State Street® SPDR® Gold ETF (JPY Unhedged)	State Street Global Advisors (Japan)	10	0.170	●
Oct. 31, 2024	MSCI Saudi Arabia Index (JPY Converted)	273A	SBI Saudi Arabia Equity Exchange Traded Fund	SBI Asset Management	1	0.175	●
Mar. 19, 2026	DAX🄬(Net Total Return Index)(Converted to JPY)	535A	NZAM ETF DAX(Unhedged)	Norinchukin Zenkyoren Asset Management	1	0.180	●
Oct. 01, 2025	S&P 500 Equal Weight Net Total Return	426A	Nissay ETF S&P500 Equal Weight (Currency Unhedged)	Nissay Asset Management	1	0.186	●
Jul. 10, 2018	J.P.Morgan Emerging Markets Bond Index Plus	2519	NEXT FUNDS Emerging Market Bond J.P. Morgan EMBI Plus (Unhedged) Exchange Traded Fund	Nomura Asset Management	10	0.190	●
Jul. 10, 2018	MSCI Emerging Markets	2520	NEXT FUNDS Emerging Market Equity MSCI-EM (Unhedged) Exchange Traded Fund	Nomura Asset Management	1	0.190	●
Dec. 17, 2025	EURO STOXX 50® JPY TTM	486A	NEXT FUNDS EURO STOXX 50 (Unhedged) Exchange Traded Fund	Nomura Asset Management	1	0.198	●
Dec. 17, 2025	DAX® JPY TTM	487A	NEXT FUNDS German Equity DAX (Unhedged) Exchange Traded Fund	Nomura Asset Management	1	0.198	●
Aug. 16, 2010	NASDAQ-100 Total Return	1545	NEXT FUNDS NASDAQ-100(R) (Unhedged) Exchange Traded Fund	Nomura Asset Management	10	0.200	★
Mar. 10, 2023	Dow Jones Industrial Average (JPY-converted)	2241	MAXIS NY Dow Industrial Average ETF	Mitsubishi UFJ Asset Management	10	0.200	●
Jan. 16, 2025	LBMA Gold Price in JPY terms	314A	iShares Gold ETF	BlackRock Japan	10	0.200	●
Jun. 30, 2025	S&P 500 Equal Weight Index(JPY-converted)	383A	MAXIS S&P500 Equal Weight ETF	Mitsubishi UFJ Asset Management	1	0.200	●
Aug. 16, 2010	Dow Jones Industrial Average TR	1546	NEXT FUNDS DJIA (Unhedged) Exchange Traded Fund	Nomura Asset Management	1	0.300	★
May 20, 2026	LBMA Silver Price in JPY terms	568A	iShares Silver ETF	BlackRock Japan	10	0.450	●
May 20, 2026	LBMA Platinum Price in JPY terms	569A	iShares Platinum ETF	BlackRock Japan	10	0.450	●
Mar. 31, 2026	NYSE FactSet U.S. AI Infrastructure Index(JPY-converted)	552A	MAXIS US AI Infrastructure Equity ETF	Mitsubishi UFJ Asset Management	1	0.475	●