Symbols

JPUS

JPMorgan Diversified Return U.S. Equity ETF·NYSE

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Key Stats

Assets Under Management

414.98MUSD

Fund Flows (1Y)

-82.11MUSD

Dividend Yield

1.59%

Discount/Premium to NAV

-0.02%

Shares Outstanding

3.10M

Expense Ratio

0.18%

About JPMorgan Diversified Return U.S. 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-equity-etf-etf-shares-46641q407

Inception Date

Sep 29, 2015

Structure

Open-Ended Fund

Index Tracked

JP Morgan Diversified Factor US 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.

JPUS applies multifactor selection and risk-weighting to US large-caps. The fund uses its value, momentum, and quality screens on the Russell 1000 universe, giving each factor equal influence. The factors are applied on a sector-by-sector basis, which allows leaders in each segment to be selected and laggards to be weeded out. The fund weights each sector for equal risk contribution, and weights stocks equally within each sector. This weighting scheme pushes defensive sectors like consumer goods, utilities, and materials to the fore. The fund and index are rebalanced quarterly.