BBUS

JP Morgan Betabuilders U.S. Equity ETF

JPMorgan BetaBuilders U.S. Equity ETF provides simple, affordable access to U.S. large and mid-cap equities. BBUS seeks investment results that closely correspond,before fees and expenses, to the performance of theMorningstar US Target Market Exposure Ind


US

EQUITY

Rules-Based

MANAGEMENT STYLE

2 bp

EXPENSES

$3.5 B

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorJPMorgan
CategoryUS
Asset classEquity
Websitelink...
Inception dateMar 12, 2019
Assets (mns)$3,537
Expense ratio2 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
MICROSOFT CORP 7.0 %
NVIDIA CORP 6.6 %
APPLE INC 6.5 %
AMAZON.COM INC 3.6 %
META PLATFORMS INC 2.4 %
ALPHABET INC. CLASS A 2.2 %
ALPHABET INC. CLASS C 2.0 %
BROADCOM INC. 1.7 %
ELI LILLY & CO 1.6 %
BERKSHIRE HATHAWAY INC-CL B 1.6 %
Constituent Breakdown
Number of holdings574
Herfindahl-Hirschman Index 192
Wgt avg mkt cap (mns)$846,620
Large cap (>$10bn)99.4%
Mid cap ($2-10bn)0.5%
Small cap (<$2bn)0.0%
Developed mkts.99.8%
Emerging mkts.0.2%
Country Exposure
UNITED STATES 95.9 %
IRELAND 1.4 %
BRITAIN 0.7 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 14.9% 25.3% 22.4% 9.3% 15.0% -- 15.1%
Volatility 11.2% 11.4% 16.9% 17.4% 21.0% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.99100%
MSCI EAFE0.8974%
MSCI Emg Mkts0.6541%
Liquidity Measures
Avg. volume (000)171
Turnover0.5%
Avg. Bid/Ask (% of price)0.05%
ADV of underlying (mns)$501,654
Technical Indicators
Recent close$100.06
30d moving avg.$99.65
Annualized volatility17.9%
Relative strength (RSI)64
Short interest (ETF)0.1%
Short interest (underlying)1.6%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: BBUS vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.8 21.1 3.9 1.3% --
Based on closing prices from 7/22/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
BBUS



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

BBUS

5.1%

Cat. Avg

5.6%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.1%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 899 funds in the US category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.4%. BBUS's ALTAR Score™ is approximately 0.2 standard deviations below the category average. This places BBUS in the 41st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
BBUS
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
BBUS (2 bp) Percentile rank 9
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
BBUS 2.0 5.2 7.2
Peer Avg. 36.9 15.0 51.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .