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
$1.4 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | JPMorgan Chase |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 04, 2021 |
| Assets (mns) | $1,357 |
| Expense ratio | 44 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| 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
| 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 holdings | 165 |
| Herfindahl-Hirschman Index | 95 |
| Wgt avg mkt cap (mns) | $204,917 |
| Large cap (>$10bn) | 96.0% |
| Mid cap ($2-10bn) | 3.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.1% |
| Emerging mkts. | 0.9% |
Country Exposure
 |
UNITED STATES | 89.6 % |
 |
IRELAND | 3.2 % |
 |
NETHERLANDS | 1.0 % |
 |
TAIWAN | 0.9 % |
 |
SWITZERLAND | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.3% | 13.9% | 13.4% | -- | -- | -- | 6.8% | Volatility | 10.0% | 10.7% | 14.7% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.82 | 83% |
| MSCI EAFE | 0.82 | 81% |
| MSCI Emg Mkts | 0.58 | 42% |
Liquidity Measures
| Avg. volume (000) | 194 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $192,060 |
Technical Indicators
| Recent close | $60.46 |
| 30d moving avg. | $59.91 |
| Annualized volatility | 17.0% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.2% |
| 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. JAVA |
Expenses vs. JAVA |
ALTAR Score™ vs. JAVA |
|---|---|---|---|---|
| IWX | iShares Russell Top 200 Value ETF | 47.9% | -24 bp | +0.3% |
| MGV | Vanguard Mega Cap Value ETF | 43.5% | -37 bp | +0.5% |
| VTV | Vanguard Value ETF | 43.0% | -40 bp | +0.7% |
| VOOV | Vanguard S&P 500 Value ETF | 41.7% | -34 bp | +0.4% |
| IVE | iShares S&P 500 Value ETF | 41.6% | -26 bp | +0.4% |
| IWD | iShares Russell 1000 Value ETF | 41.6% | -25 bp | +0.3% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 41.6% | -40 bp | +0.5% |
| ILCV | iShares Morningstar Value ETF | 40.6% | -40 bp | +0.3% |
| SCHV | Schwab U.S. Large-Cap Value ETF | 40.2% | -40 bp | +0.5% |
| IUSV | iShares Core S&P US Value ETF | 40.2% | -40 bp | +0.6% |
Risk and Returns: JAVA 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 | --% |
Based on closing prices from 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
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
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
6.1%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.1% |
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 5.7% and a standard deviation of
2.4%. 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
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| JAVA (44 bp) Percentile rank | 27 |
Peer Group Expense Ratio Distribution
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. | 53.9 | 22.2 | 76.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .