Symbols

JPEM

JPMorgan Diversified Return Emerging Markets Equity ETF·NYSE

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Key Stats

Assets Under Management

368.81MUSD

Fund Flows (1Y)

6.42MUSD

Dividend Yield

4.62%

Discount/Premium to NAV

0.74%

Shares Outstanding

6.10M

Expense Ratio

0.44%

About JPMorgan Diversified Return Emerging Markets 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-emerging-markets-equity-etf-etf-shares-46641q308

Inception Date

Jan 7, 2015

Structure

Open-Ended Fund

Index Tracked

JP Morgan Diversified Factor Emerging Markets 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.

JPEM offers a robust mix of factor-based selection and risk-based weighting methodology that doesn't stray too far from cap-weighted exposure. The fund's five factors—P/B, forward P/E, ROE, 8-month total return and changes in earnings forecasts—align with the shorthand of value, quality and momentum. Stocks that make the cut have their market-cap weight assigned to five geographic and five sector baskets, equally weighted by risk (3Y standard deviation). Stocks fill the buckets weighted by liquidity—a cautionary nod to the EM space—and names that appear in two buckets are simply summed, subject to caps. The resulting portfolio avoids massive country and sector bets and leans toward value and low beta, consistent with its thesis. The Fund's portfolio will be rebalanced quarterly in accordance with the quarterly rebalancing of the Underlying Index.