JOF 10% Owner Saba Capital Management, L.P. Buys $194K of Stock

Ten-percent owner Saba Capital Management, L.P. bought 16,222 shares of Japan Smaller Capitalization Fund, Inc. (NYSE: JOF) on October 16, 2026. According to a Form 4 filed with the SEC, the shares were acquired at a price of $11.94 each, for a total value of $193,690.68.

JOF Japan Smaller Capitalization Fund, Inc.

$11.92 ▲ +16.29% year to date

1M 3M YTD

Daily close · Oct 19, 2026

Inside Saba Capital Management's Japan Smaller Capitalization Fund Trade

Following this purchase, Saba Capital Management, L.P. holds 2,712,376 shares of the fund. This transaction represents a 0.6% increase in the owner's stake. The stock closed at $11.89 on the day of the trade.

Other Institutional Activity in Japan Smaller Capitalization Fund

Other large funds have also adjusted their positions in the fund recently. Allspring Global Investments Holdings, LLC reduced its holdings by 592,295 shares, ending with 4,483,067 shares worth about $53,079,513. City of London Investment Management Co. Limited grew its holdings by 174,473 shares, ending with 3,894,571 shares worth about $46,111,721. Lazard Asset Management LLC grew its holdings by 60,213 shares, ending with 3,560,978 shares worth about $42,161,980. 1607 Capital Partners, LLC reduced its holdings by 860,717 shares, ending with 2,724,109 shares worth about $32,253,450. Saba Capital Management, L.P. grew its holdings by 346,955 shares, ending with 1,948,781 shares worth about $23,073,567 based on reports for the period ending June 30, 2026.

Japan Smaller Capitalization Fund, Inc. Stock Down 0.7%

The fund recently traded near $11.84, down about 0.4% from its event-day close. The stock sits below its 50-day moving average and about 1.2% above its 200-day moving average. Shares have traded in a 52-week range between $10.15 and $12.85.

Recent Earnings

The fund reported trailing twelve-month revenue of $9,538,537 and a trailing EPS of $5.06. It posted a return on equity of 43.5% alongside a net profit margin of 1,504.1%.

Dividend

The fund pays an annual dividend rate of $1.15 per share, giving it a dividend yield of 9.62% with a payout ratio of 14.0%.

About Japan Smaller Capitalization Fund, Inc.

Japan Smaller Capitalization Fund, Inc. is a closed-ended equity mutual fund managed by Nomura Asset Management Co., Ltd. It invests primarily in public equities of smaller companies in Japan across various sectors, trading on major Japanese exchanges and indices.

Bottom Line

Investors tracking Saba Capital Management will likely monitor subsequent Form 4 filings to see if the firm continues adding to its position. No timeline was provided for future trades.