JMEE

JPMorgan Market Expansion Enhanced Equity ETF

JMEE is an actively managed portfolio of small- and mid-cap US stocks and REITs. The fund uses a proprietary selection and weighting criteria, aiming to modestly outperform the total return of the S&P 1000 Index.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

1.5 B

ASSETS UNDER MGMT

24 bp

EXPENSES
Fund Basics
Fund sponsorJPMorgan Chase
CategoryUS
Asset classEquity
Websitelink...
Inception dateMay 06, 2022
Assets (mns)$1,487
Expense ratio24 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
UNITED THERAPEUTICS CORP 0.9 %
CARLISLE COS INC 0.8 %
PURE STORAGE, INC. CLASS A 0.7 %
EMCOR GROUP INC 0.7 %
TENET HEALTHCARE CORP 0.7 %
RELIANCE STEEL & ALUMINUM 0.6 %
REINSURANCE GROUP OF AMERICA 0.6 %
WILLIAMS-SONOMA INC 0.6 %
CACI INTERNATIONAL INC -CL A 0.6 %
EXELIXIS INC 0.6 %
Constituent Breakdown
Number of holdings576
Herfindahl-Hirschman Index 28
Wgt avg mkt cap (mns)$8,455
Large cap (>$10bn)35.1%
Mid cap ($2-10bn)58.5%
Small cap (<$2bn)6.2%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 93.1 %
BERMUDA 1.3 %
BRITAIN 0.9 %
PUERTO RICO 0.6 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 16.8% 27.7% 14.0% -- -- -- 17.5%
Volatility 16.0% 16.6% 17.5% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.1479%
MSCI EAFE0.9761%
MSCI Emg Mkts0.5724%
Liquidity Measures
Avg. volume (000)184
Turnover0.8%
Avg. Bid/Ask (% of price)0.14%
ADV of underlying (mns)$30,394
Technical Indicators
Recent close$61.08
30d moving avg.$64.84
Annualized volatility21.0%
Relative strength (RSI)51
Short interest (ETF)0.4%
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: JMEE 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 -- -- -- -- -- -- --
  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 --%
1.3 14.7 1.8 1.6% --
Based on closing prices from 12/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
JMEE



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

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.

ALTAR Score™

JMEE

7.3%

Cat. Avg

5.6%


ALTAR Score™ Calculation

Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.6%. JMEE's ALTAR Score™ is approximately 0.7 standard deviations above the category average. This places JMEE in the 75th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

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

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
JMEE (24 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)
JMEE 24.0 14.4 38.4
Peer Avg. 30.3 14.0 44.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .