Symbols

JVAL

JPMorgan U.S. Value Factor ETF·NYSE

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Key Stats

Assets Under Management

679.18MUSD

Fund Flows (1Y)

-91.47MUSD

Dividend Yield

1.51%

Discount/Premium to NAV

-0.03%

Shares Outstanding

13.50M

Expense Ratio

0.12%

About JPMorgan U.S. Value Factor ETF

Issuer

J.P. Morgan Investment Management Inc.

Brand

JPMorgan

Home Page

https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-us-value-factor-etf-etf-shares-46641q753

Inception Date

Nov 8, 2017

Structure

Open-Ended Fund

Index Tracked

JP Morgan US Value Factor 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.

JVAL selects value companies from the Russell 1000. The underlying index selects and ranks the companies based on four fundamental metrics: book yield, earnings yield, dividend yield, and cash flow yield. These are combined into a relative valuation factor, which determines which securities are included. Companies are market cap-weighted using a proprietary optimization methodology that aims to match the sector weights of the Russell 1000 Index. JVAL does not constrain sector or industry exposure, so investors could experience significant portfolio tilts towards one sector or another depending on the market environment. Holdings include common stock, REITs, and preferreds. The underlying index undergoes quarterly review.