JAVA

JPMorgan Active Value ETF

JAVA is an actively managed fund of US large-cap value stocks selected based on proprietary fundamental analysis.


US

EQUITY

Active

MANAGEMENT STYLE

44 bp

EXPENSES

$1.2 B

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorJPMorgan Chase
CategoryUS
Asset classEquity
Websitelink...
Inception dateOct 04, 2021
Assets (mns)$1,194
Expense ratio44 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
CHEVRON CORP 2.6 %
EXXON MOBIL CORP 2.6 %
BERKSHIRE HATHAWAY INC-CL B 2.6 %
BANK OF AMERICA CORP 2.3 %
WELLS FARGO & CO 1.9 %
ABBVIE INC 1.8 %
UNITEDHEALTH GROUP INC 1.7 %
CARRIER GLOBAL CORP. 1.7 %
PHILIP MORRIS INTERNATIONAL 1.6 %
BRISTOL-MYERS SQUIBB CO 1.4 %
Constituent Breakdown
Number of holdings165
Herfindahl-Hirschman Index 102
Wgt avg mkt cap (mns)$215,237
Large cap (>$10bn)93.5%
Mid cap ($2-10bn)6.5%
Small cap (<$2bn)0.0%
Developed mkts.99.0%
Emerging mkts.1.0%
Country Exposure
UNITED STATES 89.6 %
IRELAND 3.2 %
NETHERLANDS 1.0 %
TAIWAN 0.9 %
SWITZERLAND 0.6 %
Historical Performance


Standardized Performance (as of 05/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 7.8% 21.8% 8.9% -- -- -- 7.3%
Volatility 10.0% 10.7% 14.7% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.8385%
MSCI EAFE0.8382%
MSCI Emg Mkts0.5943%
Liquidity Measures
Avg. volume (000)152
Turnover0.8%
Avg. Bid/Ask (% of price)0.07%
ADV of underlying (mns)$95,985
Technical Indicators
Recent close$59.46
30d moving avg.$59.00
Annualized volatility17.3%
Relative strength (RSI)53
Short interest (ETF)0.1%
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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Risk and Returns: JAVA vs. Comps (1 YR)

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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 --%
1.6 15.1 2.2 2.2% --
Based on closing prices from 6/21/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
JAVA



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™

JAVA

6.2%

Cat. Avg

5.8%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.2%
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 892 funds in the US category, with an average ALTAR Score™ of 5.8% and a standard deviation of 2.8%. JAVA's ALTAR Score™ is approximately 0.2 standard deviations above the category average. This places JAVA in the 57th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
JAVA
Peer Average
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)
JAVA 44.0 7.2 51.2
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .