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.
Fund Basics
Fund sponsor | JP Morgan Investment Managemen |
Category | Emerging Market Equities |
Asset class | Equity |
Website | link... |
Inception date | Jan 07, 2015 |
Assets (mns) | $312 |
Expense ratio | 44 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-End Investment Company |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
INFOSYS TECHNOLOGIES LTD | 1.6 % |
TAIWAN SEMICONDUCTOR MANUFAC | 1.3 % |
PETROBRAS - PETROLEO BRAS-PR | 1.2 % |
GRUPO FINANCIERO BANORTE-O | 1.0 % |
VALE SA | 1.0 % |
TATA CONSULTANCY SVS LTD | 1.0 % |
RELIANCE INDUSTRIES LTD | 0.9 % |
BANK OF CHINA LTD - H | 0.9 % |
HINDUSTAN UNILEVER LIMITED | 0.9 % |
SAUDI ARABIAN OIL COMPANY (SAUDI ARAMCO) | 0.7 % |
Constituent Breakdown
Number of holdings | 563 |
Herfindahl-Hirschman Index | 35 |
Wgt avg mkt cap (mns) | $49,116 |
Large cap (>$10bn) | 49.5% |
Mid cap ($2-10bn) | 43.1% |
Small cap (<$2bn) | 6.3% |
Developed mkts. | 3.9% |
Emerging mkts. | 96.1% |
Country Exposure
CHINA | 19.9 % | |
INDIA | 12.1 % | |
TAIWAN | 11.4 % | |
TURKEY | 9.3 % | |
BRAZIL | 8.5 % | |
MEXICO | 7.8 % | |
SAUDI ARABIA | 4.8 % | |
INDONESIA | 4.1 % | |
SOUTH AFRICA | 3.5 % | |
THAILAND | 3.0 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
2.4% | 12.7% | 3.4% | 3.2% | 4.2% | -- | 4.1% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.52 | 51% |
MSCI EAFE | 0.67 | 79% |
MSCI Emg Mkts | 0.65 | 81% |
Liquidity Measures
Avg. volume (000) | 18 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.16% |
ADV of underlying (mns) | $15,451 |
Technical Indicators
Recent close | $53.71 |
30d moving avg. | $50.80 |
Annualized volatility | 12.8% |
Relative strength (RSI) | 68 |
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)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. JPEM |
Expenses vs. JPEM |
ALTAR Score™ vs. JPEM |
---|---|---|---|---|
MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 35.3% | +6 bp | +0.3% |
GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 33.8% | +1 bp | -1.7% |
QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 31.5% | -14 bp | -1.8% |
FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 31.4% | -5 bp | +2.3% |
JHEM | John Hancock Multifactor Emerging Markets ETF | 31.3% | +5 bp | -1.9% |
SCHE | Schwab Emerging Markets Equity ETF | 31.0% | -33 bp | -2.7% |
DGRE | WisdomTree Emerging Markets Quality Dividend Growth Fund | 29.9% | -12 bp | -2.7% |
EMXC | iShares MSCI Emerging Markets ex China ETF | 29.4% | -19 bp | -3.7% |
BKEM | BNY Mellon Emerging Markets Equity ETF | 29.1% | -33 bp | -2.6% |
GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 28.6% | -8 bp | -2.8% |
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 | -- | -- | -- | -- | -- | -- | -- | |
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 4/23/2024
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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
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
JPEM
10.3%
Cat. Avg
7.8%
Fund Category: Emerging Market Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 10.3% |
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 163 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.8% and a standard deviation of
3.8%. JPEM's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places JPEM in the 75th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
JPEM
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
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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) |
|
---|---|---|---|
JPEM | 44.0 | 16.2 | 60.2 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .