JPEM

JPMorgan Diversified Return Emerging Markets Equity ETF

JPMorgan Diversified Return Emerging Markets Equity ETF is a U.S. registered exchange-traded fund. The Fund seeks investment results of the FTSE Emerging Diversified Factor Index, which employs a unique risk framework to diversify risks across regions and super sectors, and a multi-factor stock ranking process to identify companies with strong fundamentals.


Emerging Market

EQUITY

Rules-Based

MANAGEMENT STYLE

320.5 M

ASSETS UNDER MGMT

44 bp

EXPENSES
Fund Basics
Fund sponsorJP Morgan Investment Managemen
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateJan 07, 2015
Assets (mns)$320
Expense ratio44 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-End Investment Company
DistributionsAnnually
Taxation1099
Stock selectionMulti-Factor
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
RELIANCE INDS-SPONS GDR 144A 2.7 %
TAIWAN SEMICONDUCTOR MANUFAC 1.9 %
INFOSYS TECHNOLOGIES LTD 1.6 %
BANK OF CHINA LTD - H 1.1 %
CHINA CONSTRUCTION BANK-H 1.1 %
VALE SA 1.0 %
HINDUSTAN UNILEVER LIMITED 1.0 %
PETROBRAS - PETROLEO BRAS-PR 0.9 %
TATA CONSULTANCY SVS LTD 0.9 %
SAUDI TELECOM CO. 0.7 %
Constituent Breakdown
Number of holdings551
Herfindahl-Hirschman Index 43
Wgt avg mkt cap (mns)$58,096
Large cap (>$10bn)47.2%
Mid cap ($2-10bn)43.6%
Small cap (<$2bn)7.7%
Developed mkts.4.2%
Emerging mkts.95.7%
Country Exposure
CHINA 17.7 %
INDIA 14.7 %
TAIWAN 10.6 %
BRAZIL 9.6 %
TURKEY 8.6 %
MEXICO 5.9 %
SOUTH AFRICA 4.6 %
SAUDI ARABIA 3.8 %
MALAYSIA 3.7 %
INDONESIA 2.9 %
Historical Performance


Standardized Performance (as of 01/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 1.3% 3.8% 4.6% 1.2% 3.6% 3.6% 3.6%
Volatility 9.2% 12.1% 11.6% 13.5% 19.0% 18.1% --
Market Correlations
versus...BetaR-squared
S&P 5000.5351%
MSCI EAFE0.6578%
MSCI Emg Mkts0.6782%
Liquidity Measures
Avg. volume (000)27
Turnover0.5%
Avg. Bid/Ask (% of price)0.16%
ADV of underlying (mns)$11,288
Technical Indicators
Recent close$53.41
30d moving avg.$52.09
Annualized volatility12.8%
Relative strength (RSI)48
Short interest (ETF)0.3%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: JPEM 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 -- -- -- -- -- -- --
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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 --%
0.7 9.0 1.3 4.5% --
Based on closing prices from 2/14/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
JPEM



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 Rating

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

JPEM

13.0%

Cat. Avg

7.3%


ALTAR Score™ Calculation

Category Overview
There are 160 funds in the Emerging Equity category, with an average ALTAR Score™ of 7.3% and a standard deviation of 3.8%. JPEM's ALTAR Score™ is approximately 1.5 standard deviations above the category average. This places JPEM in the 93rd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

JPEM
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Emerging Market Equity ETFs
# of ETFs 103
Avg. Expense Ratio 64.6 bp
Std. Deviation 29 bp
JPEM (44 bp) Percentile rank 25
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
JPEM 44.0 16.2 60.2
Peer Avg. 52.7 26.9 79.7
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .