JPME

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

The JPMorgan Diversified Return U.S. Mid Cap Equity ETF track an index of midcap US stocks selected using relative value, momentum and quality factors, and weighted inversely by volatility by sectors and within each sector.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

24 bp

EXPENSES

$374.8 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorJPMorgan
CategoryUS
Asset classEquity
Websitelink...
Inception dateMay 11, 2016
Assets (mns)$375
Expense ratio24 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMulti-Factor
WeightingVolatility
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
VISTRA ENERGY CORP. 0.6 %
TENET HEALTHCARE CORP 0.6 %
INTERNATIONAL PAPER CO 0.5 %
WILLIAMS-SONOMA INC 0.5 %
CONSTELLATION ENERGY CORPORATION 0.5 %
AMPHENOL CORP-CL A 0.5 %
CASEY'S GENERAL STORES INC 0.5 %
CLEAN HARBORS INC 0.5 %
TARGA RESOURCES CORP 0.5 %
DICK'S SPORTING GOODS INC 0.5 %
Constituent Breakdown
Number of holdings366
Herfindahl-Hirschman Index 34
Wgt avg mkt cap (mns)$18,671
Large cap (>$10bn)70.7%
Mid cap ($2-10bn)28.3%
Small cap (<$2bn)1.1%
Developed mkts.99.7%
Emerging mkts.0.3%
Country Exposure
UNITED STATES 95.3 %
IRELAND 1.0 %
BERMUDA 0.8 %
BRITAIN 0.6 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 4.4% 10.5% 11.0% 4.8% 9.5% -- 9.9%
Volatility 11.5% 12.7% 16.9% 16.8% 21.4% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9586%
MSCI EAFE0.9682%
MSCI Emg Mkts0.6640%
Liquidity Measures
Avg. volume (000)10
Turnover0.3%
Avg. Bid/Ask (% of price)0.16%
ADV of underlying (mns)$86,317
Technical Indicators
Recent close$96.93
30d moving avg.$97.00
Annualized volatility18.4%
Relative strength (RSI)51
Short interest (ETF)0.1%
Short interest (underlying)3.1%
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: JPME 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 -- -- -- -- -- -- --
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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 --%
1.3 14.0 2.0 2.3% --
Based on closing prices from 7/11/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
JPME



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™

JPME

7.8%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™7.8%
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 899 funds in the US category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.5%. JPME's ALTAR Score™ is approximately 0.8 standard deviations above the category average. This places JPME in the 79th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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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)
JPME 24.0 16.3 40.3
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .