JPRE
JPMorgan Realty Income ETF
JPRE actively invests in US equity REITs and mortgage REITs, selecting those perceived to exhibit financial strength, operating revenues, and attractive growth potential.
US
EQUITY
Active
MANAGEMENT STYLE
388.5 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | JPMorgan Chase |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 23, 2022 |
| Assets (mns) | $388 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| 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
| AMERICAN TOWER CORP-CL A | 10.3 % |
| PROLOGIS INC | 8.4 % |
| EQUINIX INC | 7.8 % |
| WELLTOWER, INC. | 7.0 % |
| DIGITAL REALTY TRUST INC | 6.5 % |
| VENTAS INC | 4.6 % |
| UDR INC | 4.5 % |
| VICI PROPERTIES INC | 4.3 % |
| SBA COMMUNICATIONS CORP. CLASS A | 4.3 % |
| EQUITY RESIDENTIAL | 4.3 % |
Constituent Breakdown
| Number of holdings | 32 |
| Herfindahl-Hirschman Index | 517 |
| Wgt avg mkt cap (mns) | $40,711 |
| Large cap (>$10bn) | 84.0% |
| Mid cap ($2-10bn) | 15.8% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.3% | 33.4% | 14.3% | -- | -- | -- | 8.3% | Volatility | 15.2% | 16.3% | 18.4% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 75% |
| MSCI EAFE | 0.99 | 74% |
| MSCI Emg Mkts | 0.75 | 48% |
Liquidity Measures
| Avg. volume (000) | 24 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $5,062 |
Technical Indicators
| Recent close | $50.14 |
| 30d moving avg. | $50.49 |
| Annualized volatility | 20.0% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.0% |
| 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. JPRE |
Expenses vs. JPRE |
ALTAR Score™ vs. JPRE |
|---|---|---|---|---|
| ICF | iShares Cohen & Steers REIT ETF | 59.6% | -17 bp | +0.3% |
| XLRE | Real Estate Select Sector SPDR Fund | 57.2% | -41 bp | +0.5% |
| FPRO | Fidelity Real Estate Investment ETF | 55.3% | +9 bp | -0.8% |
| SCHH | Schwab U.S. REIT ETF | 52.6% | -43 bp | +1.1% |
| DFAR | Dimensional US Real Estate ETF | 52.2% | -31 bp | +0.9% |
| IYR | iShares U.S. Real Estate ETF | 52.0% | -10 bp | +0.6% |
| USRT | iShares Core U.S. REIT ETF | 49.8% | -42 bp | +0.9% |
| FRI | First Trust S&P REIT Index Fund | 49.2% | 0 bp | +0.5% |
| FREL | Fidelity MSCI Real Estate Index ETF | 49.0% | -42 bp | +0.7% |
| VNQ | Vanguard Real Estate ETF | 48.4% | -38 bp | +0.7% |
Risk and Returns: JPRE 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
JPRE
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
JPRE
5.4%
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%. JPRE's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places JPRE in the 50th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JPRESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| JPRE (50 bp) Percentile rank | 33 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JPRE | 50.0 | 7.9 | 57.9 |
| Peer Avg. | 67.8 | 48.9 | 116.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .