Symbols

JPME

JPMorgan Diversified Return U.S. Mid Cap Equity ETF·ARCA

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Key Stats

Assets Under Management

418.29MUSD

Fund Flows (1Y)

-35.76MUSD

Dividend Yield

1.87%

Discount/Premium to NAV

-0.05%

Shares Outstanding

3.55M

Expense Ratio

0.24%

About JPMorgan Diversified Return U.S. Mid Cap Equity ETF

Issuer

J.P. Morgan Investment Management Inc.

Brand

JPMorgan

Home Page

https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-diversified-return-us-mid-cap-equity-etf-etf-shares-46641q886

Inception Date

May 11, 2016

Structure

Open-Ended Fund

Index Tracked

JP Morgan Diversified Factor US Mid Cap Equity Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

JPMorgan Investment Management, Inc.

Distributor

JPMorgan Distribution Services, Inc.

JPME applies multi-factor selection and risk-weighting to US mid-cap stocks. The fund uses value, momentum, and quality screens on the universe of US mid-caps. The factors are applied on a sector-by-sector basis, which allows the leaders in each sector to be selected and the laggards to be weeded out. The fund weights each sector for equal risk and weights stocks equally within each sector. This weighting scheme pushes defensive sectors to the fore. The Fund intends to replicate the index constituents as closely as possible. If this is not possible, the fund will use a representative sampling method instead. JPME will be rebalanced quarterly in accordance with the quarterly rebalancing of the underlying index.