JAPAN SMALLER CAP FUND $6.95 - New York symbol JOF

JAPAN SMALLER CAP FUND $6.95 (New York symbol JOF; CWA Rating: Aggressive) mainly invests in less-widely followed Japanese over-the-counter stocks. The fund’s top holdings are: The Chiba Bank, Hitachi High-Technologies Corp., Moshi Moshi Hotline, Inc., Daibiru Corp., Fuyo General Lease Co. and Taiyo Yuden Co. The fund sells for a 13% discount to the value of its assets. Japan Smaller Cap Fund is a buy.

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