JPMorgan U.S. Dividend ETF
Data updated: 2022-09-29
C000194670 — JPMorgan U.S. Dividend ETF. Developed ex-US Real Estate · $76.77M AUM · 0.12% expense ratio. Holdings, fees, performance and SEC filings.
C000194670 Fund Overview
JPMorgan U.S. Dividend ETF is a US ETF managed by J.P. Morgan Exchange-Traded Fund Trust, categorised as Developed ex-US Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: J.P. Morgan Exchange-Traded Fund Trust
- Category: Developed ex-US Real Estate
- Assets under management: $76.77M
- 1-year return: 5.3%
- SEC CIK: 0001485894
- SEC series ID: S000059311
- Share class ID: C000194670
C000194670 Investment Objective and Strategy
JPMorgan U.S. Dividend ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by J.P. Morgan Exchange-Traded Fund Trust.
Investment objective
The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Dividend Index.
Principal investment strategy
The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Dividend Index (the Underlying Index). The Fund will invest at least 80% of its Assets in securities included in the Underlying Index. Assets means net assets, plus the amount of borrowing for investment purposes. The Underlying Index is comprised of higher yielding U.S. equity securities. The Funds adviser is a sponsor of the Underlying Index and developed the proprietary factors on which the Underlying Index is based. FTSE International Limited, the Benchmark Administrator, administers, calculates and governs the Underlying Index. Holdings in the Underlying Index are selected primarily from the constituents of the Russell 1000 Index, a larger Russell Index, which is comprised of large- and mid-cap equity securities of companies located in the United States.
Based on its rules-based selection process, the Underlying Index is designed to provide exposure to the highest dividend yielding sectors on a risk adjusted basis, meaning that the index will establish sector weights by considering both the yield of the sector and the relative volatility of sector returns. As a result, certain sectors may be overweighted within the Underlying Index because they include higher dividend yielding companies. The Underlying Index and the Fund are diversified across the following sectors: financials, technology, consumer services, health care, industrials, consumer goods, energy, materials, telecommunication and utilities. The Underlying Index will identify U.S. equity securities within each sector that have a high dividend yield over a rolling twelve month period.
Within each sector, individual equity securities are also weighted to diversify risk. The Funds securities are large- and mid-cap equity securities of U.S. companies, including common stock, preferred stock and real estate investment trusts (REITs). As of October 16, 2017, there were 211 companies represented in the Underlying Index and the market capitalizations of those companies ranged from $1.55 billion to $581.60 billion. The number of components and the market capitalizations of the companies are subject to change over time. The Fund, using a passive or indexing investment approach, attempts to closely correspond to the performance of the Underlying Index. The adviser expects that, over time, the correlation between the Funds performance before fees and expenses and that of the Underlying Index will be 95% or better.
A figure of 100% would indicate perfect correlation. Unlike many investment companies, the Fund does not seek to outperform the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Funds intention is to replicate the constituent securities of the Underlying Index as closely as possible. Replication is a passive indexing strategy in which a fund invests in substantially all of the securities in its underlying index in approximately the same proportions as the underlying index. However, under various circumstances, it may not be possible or practicable to purchase or hold all of, or only, the constituent securities in their respective weightings in the Underlying Index. In these circumstances, the Fund may utilize a representative sampling strategy whereby securities are chosen in order to attempt to approximate the investment characteristics of the constituent securities.
To the extent the Fund uses a representative sampling strategy, it would hold a significant number of the constituent securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Even when a Fund is utilizing representative sampling, it must invest at least 80% of its Assets in securities included in the Underlying Index. The Funds portfolio will be rebalanced quarterly in accordance with the quarterly rebalancing of the Underlying Index. The Fund may invest up to 20% of its assets in exchange-traded futures to seek performance that corresponds to the Underlying Index. To the extent that the securities in the Underlying Index are concentrated in one or more industries or groups of industries, the Fund may concentrate in such industries or groups of industries.
C000194670 Performance
Total returns for C000194670 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.3% |
| 3 years (annualised) | 11.6% |
C000194670 Risk Information
Risk metrics for C000194670, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.6%
C000194670 Costs and Fees
C000194670 costs about $12 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.12%
- Gross expense ratio: 0.12%
- Portfolio turnover: 32%
- Brokerage commissions: 0.67 bps of average net assets (SEC N-CEN)
C000194670 Cashflows
Over the 12 months to 2022-07, JPMorgan U.S. Dividend ETF had net inflows of $39.67M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-07 | $1.61M |
| 2022-06 | $7.88M |
| 2022-05 | $3.42M |
| 2022-04 | $8.60M |
| 2022-03 | −$38.93K |
| 2022-02 | $0 |
C000194670 Debt Constituents
No individual debt constituents are reported in JPMorgan U.S. Dividend ETF's latest SEC N-PORT filing.
C000194670 Prospectus and SEC Filings
Official JPMorgan U.S. Dividend ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-02-25
- Prospectus (485BPOS) — filed 2020-03-10
- Prospectus supplement (497) — filed 2022-02-02
- Portfolio holdings (N-PORT) — filed 2022-09-29
- Portfolio holdings (N-PORT) — filed 2022-06-28
- Portfolio holdings (N-PORT) — filed 2022-03-25
- Annual census (N-CEN) — filed 2022-01-13
- Annual census (N-CEN) — filed 2021-01-13
Related Funds
Other Developed ex-US Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.