BLLD
JPMorgan Sustainable Infrastructure ETF
BLLD is actively managed and seeks to invest in companies from around the world that develop solutions to sustainable infrastructure and are positioned to benefit from those changes.
Fund Basics
| Fund sponsor | JPMorgan Chase |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 08, 2022 |
| Assets (mns) | $23 |
| Expense ratio | 49 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| GDF SUEZ | 4.1 % |
| SSE PLC | 4.1 % |
| DIGITAL REALTY TRUST INC | 3.6 % |
| CANADIAN NATL RAILWAY CO | 3.5 % |
| DEUTSCHE ANNINGTON IMMOBILIE | 3.3 % |
| UNION PACIFIC CORP | 3.2 % |
| IBERDROLA SA | 3.1 % |
| CELLNEX TELECOM S.A. | 2.9 % |
| ALEXANDRIA REAL ESTATE EQUIT | 2.8 % |
| XYLEM INC | 2.6 % |
Constituent Breakdown
| Number of holdings | 62 |
| Herfindahl-Hirschman Index | 209 |
| Wgt avg mkt cap (mns) | $26,790 |
| Large cap (>$10bn) | 57.9% |
| Mid cap ($2-10bn) | 21.0% |
| Small cap (<$2bn) | 4.6% |
| Developed mkts. | 93.0% |
| Emerging mkts. | 7.0% |
Country Exposure
 |
UNITED STATES | 37.9 % |
 |
BRITAIN | 14.2 % |
 |
SPAIN | 12.0 % |
 |
FRANCE | 6.6 % |
 |
GERMANY | 4.9 % |
 |
ITALY | 3.9 % |
 |
AUSTRALIA | 3.8 % |
 |
CANADA | 3.5 % |
 |
CHINA | 2.8 % |
 |
BRAZIL | 2.3 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 1.3% | -- | -- | -- | -- | -- | 15.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.30% |
| ADV of underlying (mns) | $4,255 |
Technical Indicators
| Recent close | $42.93 |
| 30d moving avg. | $45.57 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 39 |
| Short interest (ETF) | 0.7% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BLLD |
Expenses vs. BLLD |
ALTAR Score™ vs. BLLD |
|---|---|---|---|---|
| GREI | Goldman Sachs Future Real Estate and Infrastructure Equity E | 30.3% | +26 bp | -3.3% |
| NFRA | FlexShares STOXX Global Broad Infrastructure Index Fund | 23.9% | -2 bp | +2.3% |
| WTRE | WisdomTree New Economy Real Estate Fund | 20.4% | +9 bp | -1.7% |
| JXI | iShares Global Utilities ETF | 20.4% | -6 bp | +0.3% |
| GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 18.5% | -4 bp | -1.5% |
| RSPR | Invesco S&P 500 Equal Weight Real Estate ETF | 16.2% | -9 bp | +0.7% |
| TEMP | JPMorgan Climate Change Solutions ETF | 15.2% | 0 bp | -2.4% |
| AVRE | Avantis Real Estate ETF | 15.1% | -32 bp | -0.1% |
| XLRE | The Real Estate Select Sector SPDR Fund | 15.1% | -39 bp | +0.4% |
| ROOF | IQ US Real Estate Small Cap ETF | 14.9% | +11 bp | +0.8% |
Risk and Returns: BLLD 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 | --% |
Based on closing prices from 9/28/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
BLLD
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™
BLLD
7.1%
Cat. Avg
4.2%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.1% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 345 funds in the Global Equities category, with an average ALTAR Score™
of 4.2% and a standard deviation of
5.2%. BLLD's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places BLLD in the 71st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
BLLD
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BLLD | 49.0 | 30.1 | 79.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .