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 sponsor | JPMorgan Chase |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 06, 2022 |
| Assets (mns) | $1,521 |
| Expense ratio | 24 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
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 holdings | 576 |
| Herfindahl-Hirschman Index | 28 |
| Wgt avg mkt cap (mns) | $7,866 |
| Large cap (>$10bn) | 32.4% |
| Mid cap ($2-10bn) | 60.2% |
| Small cap (<$2bn) | 7.3% |
| 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 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.5% | 26.1% | 11.7% | -- | -- | -- | 13.7% | Volatility | 16.0% | 16.6% | 17.5% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 79% |
| MSCI EAFE | 0.99 | 69% |
| MSCI Emg Mkts | 0.61 | 30% |
Liquidity Measures
| Avg. volume (000) | 106 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $33,205 |
Technical Indicators
| Recent close | $64.44 |
| 30d moving avg. | $60.93 |
| Annualized volatility | 20.7% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.7% |
| 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. JMEE |
Expenses vs. JMEE |
ALTAR Score™ vs. JMEE |
|---|---|---|---|---|
| MDY | SPDR S&P Midcap 400 ETF Trust | 61.6% | 0 bp | -0.8% |
| IJH | iShares Core S&P Mid-Cap ETF | 61.5% | -19 bp | -0.6% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 60.7% | -14 bp | -0.6% |
| SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | 60.6% | -21 bp | -0.6% |
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 59.6% | -9 bp | -0.3% |
| XJH | iShares ESG Screened S&P Mid-Cap ETF | 58.1% | -12 bp | -0.5% |
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 54.0% | -17 bp | -1.6% |
| MIDE | Xtrackers S&P MidCap 400 ESG ETF | 50.9% | -9 bp | -0.2% |
| SMDY | Syntax Stratified MidCap ETF | 46.6% | +11 bp | -1.1% |
| BKMC | BNY Mellon US Mid Cap Core Equity ETF | 46.1% | -20 bp | -1.3% |
Risk and Returns: JMEE 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 11/21/2024
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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
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
6.9%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. JMEE's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places JMEE in the 74th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JMEESELL
U/W
HOLD
O/W
BUY
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. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .