JCHI

JPMorgan Active China ETF

JCHI is actively managed to hold a narrow portfolio of Chinese equities and equity-related securities that are fundamentally assessed for sustainable growth and disciplined capital management. The fund also considers ESG factors during the investment process.


Emerging Market

EQUITY

Active

MANAGEMENT STYLE

65 bp

EXPENSES

$11.0 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorJPMorgan Chase
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateMar 16, 2023
Assets (mns)$11
Expense ratio65 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
TENCENT HOLDINGS LTD 10.3 %
ALIBABA GROUP HOLDING LTD. 5.9 %
KWEICHOW MOUTAI CO LTD-A 4.6 %
CHINA CONSTRUCTION BANK-H 4.3 %
CHINA MERCHANTS BANK - H 4.1 %
MEITUAN DIANPING 3.1 %
NETEASE, INC 2.9 %
CHINA YANGTZE POWER CO LTD-A 2.9 %
HAIER SMART HOME CO., LTD. CLASS H 2.8 %
FOXCONN INDUSTRIAL INTERNET CO., LTD. CL 2.5 %
Constituent Breakdown
Number of holdings52
Herfindahl-Hirschman Index 331
Wgt avg mkt cap (mns)$112,835
Large cap (>$10bn)80.4%
Mid cap ($2-10bn)19.6%
Small cap (<$2bn)0.0%
Developed mkts.6.4%
Emerging mkts.93.6%
Country Exposure
CHINA 96.1 %
HONG KONG 3.2 %
Historical Performance


Standardized Performance (as of 05/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 6.5% -2.0% -- -- -- -- -10.1%
Volatility 22.3% 22.5% -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.5914%
MSCI EAFE0.8029%
MSCI Emg Mkts1.1555%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.47%
ADV of underlying (mns)$5,585
Technical Indicators
Recent close$42.38
30d moving avg.$44.00
Annualized volatility23.2%
Relative strength (RSI)52
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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Risk and Returns: JCHI vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
1.1 10.4 1.4 3.0% --
Based on closing prices from 6/13/2024
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SHOWING:
Price-to-Earnings
JCHI



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™

JCHI

7.9%

Cat. Avg

7.5%

Fund Category: Emerging

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™7.9%
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 165 funds in the Emerging category, with an average ALTAR Score™ of 7.5% and a standard deviation of 3.8%. JCHI's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places JCHI in the 54th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
JCHI 65.0 47.1 112.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .