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Japan Smaller Capitalization Fund, Inc  as of 02/08/2010

NYSE / JOF Asset Class:  Developed Market Funds 1 YR Lipper Avg:  37.01%

Growth of $10K

Graph reflects most recent month-end data.
Avg Annual Total Return %
  10 YR 5 YR 1 YR YTD
Market Return -1.14% -6.38% 11.31% 0.55%
Lipper Pct. Rank 70 86 79 8
NAV Return -3.00% -2.88% 17.97% 3.49%
Lipper Pct. Rank 67 82 79 8
Premium/Discount History

Graph reflects most recent month-end data.
Premium/Discount
10 YR Avg 5 YR Avg YTD Avg
-1.464% -0.711% -10.380%

NAV $8.31 Market Price $7.36
Net Change -$0.05 Market Change $0.02
Premium/Discount -11.43%
1 YR NAV Return 17.970%
1 YR NAV Rank 79
12-Mo Yield as of 12/31/2009 Yield Def
Income Only Yield 0.52%
Distribution Yield (Market) 0.72%
Most Recent Income Dividend $0.053
Ex-Div Date 12/21/2009
Most Recent Cap Gain Dividend $0.442
Ex-Div Date 12/20/2006
Dividend Frequency Annually
YTD Dividends $0.053
YTD Capital Gains --
Inception Date 3/14/1990
Fund Advisor Nomura Asset Management USA Inc
Manager & Tenure Takeshi Ebihara since 2004
Phone 800-833-0018
Website www.nomura.com
Annual Report   Free Download
Total Net Assets (mil) as of 1/31/2010 $175.5
% Leveraged Assets as of 2/28/2009 --
Portfolio Turnover 76.00%
Mgmt Fees 0.972%
Expense Ratio 1.420%
Fund Objective
The Fund seeks to provide shareholders with long-term capital appreciation primarily through investments in equity securities traded in the Japanese over-the-counter market.
Top Holdings (as of 8/31/2009)
Fuyo General Lease Co Ltd 2.13%
DAICEL CHEM INDS 1.96%
Musashino Bank 1.81%
DAIBIRU CORP 1.78%
Hitachi High Technologies Corp 1.69%
ADEKA CORP 1.54%
San-in Godo Bank 1.54%
ROHTO PHARMACEUTICAL CO LTD 1.46%
Mitsui Mining and Smelting Co Ltd 1.45%
Nissay Dowa General Insurance Co Ltd 1.40%
Top Sectors (as of 8/31/2009)
Industrials 23.22%
Financials 18.68%
Basic Materials 15.75%
Consumer Goods 13.67%
Technology 11.52%
Consumer Services 11.45%
Health Care 3.84%
Oil & Gas 0.80%
Telecommunications 0.51%



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