Use the Guide
Browse the Guide
Portfolio Discussions
Dr. Kelly's Review
Use the Guide
Guide to Retirement
Discussions
Client Presentation
Headlines
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Headlines
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Featured Topics
Fixed Income
Income Opportunities
U.S. Equities
Global Growth
Looking for other topics? Visit the Library
Choose a Shortcut

JPGEDiversified Return Global Equity ETF

Overview Performance Holdings & Details Management Sales Resources

Objective

The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Developed Diversified Factor Index.

Strategy/Investment process

  • Passively managed to a FTSE index developed in partnership with J.P. Morgan Asset Management to provide core developed global equity exposure.
  • Top-down risk allocation framework seeks to equally distribute portfolio risk across 40 regional sectors.
  • Bottom-up multi-factor stock ranking process combines value, size, momentum and low volatility factors.
  • Index methodology includes quarterly rebalancing, liquidity screens, and turnover constraints.
Performance basics
  Annualized returns (as of 5/31/2015)
  1 Year 3 Year 5 Year Incept†*
Fund NAV N/A N/A N/A 4.42%
Market Price Returns N/A N/A N/A 4.52%
After Tax Returns (Pre liquidation) N/A N/A N/A 4.30%
After Tax Returns (Post liquidation) N/A N/A N/A 2.66%
FTSE Developed Diversified Factor Index (net of foreign withholding taxes) N/A N/A N/A 4.84%
FTSE Developed Net Index N/A N/A N/A 4.70%
MSCI World Index (net of foreign withholding taxes) N/A N/A N/A 4.89%
S&P 500 Index N/A N/A N/A 10.87%
  Annualized returns
(as of 3/31/2015)
  Incept†* 1
Year
3
Year
5
Year
Fund NAV 1.69% N/A N/A N/A
Fund NAV 1.80% N/A N/A N/A
After Tax Returns (Post liquidation) 1.18% N/A N/A N/A
Market Price Returns 2.10% N/A N/A N/A
FTSE Developed Diversified Factor Index (net of foreign withholding taxes) 2.15% N/A N/A N/A
FTSE Developed Net Index 1.94% N/A N/A N/A
MSCI World Index (net of foreign withholding taxes) 2.14% N/A N/A N/A
S&P 500 Index 8.43% N/A N/A N/A

Performance Inception Date:6/16/14

*The inception return is less than one year old, reflecting cumulative performance, and not annualized.

Return After Taxes on Distributions are adjusted for federal income taxes associated with fund distributions but do not reflect the federal income tax impact of gains or losses recognized when fund shares are sold. Although these returns assume that an investor continued to hold shares for the purposes of reflecting the federal income tax impact of sale of fund shares, they assume that an investor sold the shares for purposes of reflecting deduction of fees and charges payable upon sale.

Return After Taxes on Distributions and Sale of Fund Shares are adjusted for federal income taxes associated with fund distributions and reflect the federal income tax impact of gains or losses recognized when fund shares are sold. These returns reflect deductions of fees and charges payable upon a redemption of fund shares, such as sales charges or redemption fees.

The performance quoted is past performance and is not a guarantee of future results. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end please call 1-844-4JPM-ETF.

Annual operating expenses (%)
Expense cap expiration date 02/29/2016
Expense cap 0.38%
Total annual operating expenses 0.64%
Fee waivers and/or expense reimbursements 0.26%
Net expenses 0.38%

Performance may reflect the waiver of a portion of the Funds' advisory or administrative fees for certain periods since the inception date. If fees had not been waived, performance would have been less favorable.

Fee waivers and/or expense reimbursements,Net Expenses
The Investment Advisor and Administrator (the "Service Providers") have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, and extraordinary expenses) exceed the expense cap of the average daily net assets through the expense cap expiration date. This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.The expense waiver is contractual through 3/1/16.

All holdings (as of 07/06/2015)
Number Of Holdings 492 Holdings
 
Daily stats (as of 07/06/2015)
NAV Closing Price
$50.30 $50.36
$-0.68
-1.33%
$-0.69
-1.36%
Premium /
Discount
0.14%
 
NAV as of:
  • Wed
    May 27
    2015
    $52.33
     
  • Thu
    May 28
    2015
    $52.17
     
  • Fri
    May 29
    2015
    $51.87
     
  • Mon
    Jun 01
    2015
    $51.86
     
  • Tue
    Jun 02
    2015
    $51.92
     
  • Wed
    Jun 03
    2015
    $52.15
     
  • Thu
    Jun 04
    2015
    $51.51
     
  • Fri
    Jun 05
    2015
    $51.18
     
  • Mon
    Jun 08
    2015
    $51.05
     
  • Tue
    Jun 09
    2015
    $50.94
     
  • Wed
    Jun 10
    2015
    $51.61
     
  • Thu
    Jun 11
    2015
    $51.77
     
  • Fri
    Jun 12
    2015
    $51.41
     
  • Mon
    Jun 15
    2015
    $51.18
     
  • Tue
    Jun 16
    2015
    $51.25
     
  • Wed
    Jun 17
    2015
    $51.27
     
  • Thu
    Jun 18
    2015
    $51.58
     
  • Fri
    Jun 19
    2015
    $51.46
     
  • Mon
    Jun 22
    2015
    $52.03
     
  • Tue
    Jun 23
    2015
    $52.16
     
  • Wed
    Jun 24
    2015
    $51.81
     
  • Thu
    Jun 25
    2015
    $51.77
     
  • Fri
    Jun 26
    2015
    $51.56
     
  • Mon
    Jun 29
    2015
    $50.48
     
  • Tue
    Jun 30
    2015
    $50.66
     
  • Wed
    Jul 01
    2015
    $50.95
     
  • Thu
    Jul 02
    2015
    $50.98
     
  • Mon
    Jul 06
    2015
    $50.30
     
 
Net Asset Fund $45,268,314.02
Shares Outstanding 900,000
Number Of Holdings 492
Day High $50.38
Day Low $50.35
Exchange Volume 0
Trading information
Ticker JPGE
Index Ticker FTJPGEN
NAV JPGE.NV
Underlying Trading Value JPGE.IV
Shares Outstanding JPGE.SO
Estimated Cash JPGE.EU
Total Cash JPGE.TC
CUSIP 46641Q100
Basics
Inception Date 06/16/2014
Asset Class Global Equity
Index FTSE Developed Diversified Factor Index (net of foreign withholding taxes)
Index Ticker FTJPGEN
Exchange NYSE
Base Currency USD

International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and economically stable as the United States and other nations. The risks associated with foreign securities are magnified in countries in "emerging markets." These countries may have relatively unstable governments and less-established market economies than developed countries. Emerging markets may face greater social, economic, regulatory and political uncertainties. These risks make emerging market securities more volatile and less liquid than securities issued in more developed countries.

International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and economically stable as the United States and other nations.

All rights in the FTSE Index (the "Index") vest in FTSE International Limited ("FTSE"). "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE under licence. The Fund has been developed solely by J.P. Morgan. The Index is calculated by FTSE or its agent. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Fund and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Fund. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Fund or the suitability of the Index for the purpose to which it is being put by J.P. Morgan.

Index returns and sector returns are for illustrative purposes only and do not represent actual Fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged. An individual cannot invest directly in an index.

The fund uses derivatives, which may be riskier than other types of investments and may increase the volatility of the fund. The fund may not track the return of its underlying index for a number of reasons, such operating expenses incurred by the fund that are not applicable to the index, and the time difference between calculating the value of the index and the net asset value of the fund.

J.P. Morgan Exchange-Traded Funds are distributed by SEI Investments Distribution Co., which is not affiliated with JPMorgan Chase & Co. or any of its affiliates. SEI Investments Distribution Co. is a member of FINRA/SIPC.

Please refer to the prospectus for additional information about cut-off times.Closing price is as of 4:00 PM (EST) and may not include after-hour trades.

The Underlying Index is comprised of equity securities from developed global markets selected to represent a diversified set of factor characteristics,originally developed by the adviser. FTSE International Limited is the Index Provider. Holdings in the Underlying Index are selected from the constituents of the FTSE Developed Index which is comprised of large- and mid-cap equity securities in developed markets. The rules based proprietary multi-factor selection process utilizes investment characteristics including,but not limited to, attractive relative valuation, positive price momentum, low volatility, and specific market capitalization.The equity securities in the Underlying Index will be diversified across global regions and industries. These securities will be large- and mid-cap equity securities of companies from developed countries, including common stock, preferred stock and real estate investment trusts (REITs).

The FTSE Developed Index is a market-capitalization weighted index representing the performance of large and mid cap companies in Developed markets. The index is derived from the FTSE Global Equity Index Series(GEIS), which covers 98% of the world's investable market capitalization.

The MSCI World Index (net of foreign withholding taxes) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. Total return figures assume the reinvestment of dividends. The dividend is reinvested after deduction of withholding tax, applying the maximum rate to nonresident individual investors who do not benefit from double taxation treaties. An individual cannot invest directly in an index.

The S&P 500 Index is an unmanaged index generally representative of the performance of large companies in the U.S. stock market. Index levels are in total return USD. The performance of the index does not reflect the deduction of expenses associated with a fund, such as management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. An individual cannot invest directly in an index.