Symbols

JPSE

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

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Key Stats

Assets Under Management

539.57MUSD

Fund Flow (1Y)

-48.89MUSD

Dividend Yield

1.29%

Discount / Premium to NAV

0.08%

Shares Outstanding

10.30M

Expense Ratio

0.29%

About JPMorgan Diversified Return U.S. Small 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-small-cap-equity-etf-etf-shares-46641q845

Inception Date

Nov 15, 2016

Structure

Open-Ended Fund

Index Tracked

JP Morgan Diversified Factor US Small 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.

JPSE applies a multi-factor selection and risk-weighting exposure to the US small-cap space. JPSE's underlying index uses inverse volatility to construct its initial sector composition. Then it uses price-to-book ratio, return-on-equity, price momentum, and dividend yield to generate composite scores for stocks in the Russell 2000 Index. The index includes the top 70% of stocks with the highest composite scores, weighted by inverse volatility, within each sector. The resulting exposure will look different from the conventional market-cap exposure. 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. JPSE will be rebalanced quarterly in accordance with the quarterly rebalancing of the underlying index.