JPMorgan Realty Income ETF
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.8%
1 yr return
6.9%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$399 M
Holdings in Top 10
61.3%
52 WEEK LOW AND HIGH
$46.5
$40.42
$51.94
Expenses
OPERATING FEES
Expense Ratio 0.72%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
JPRE - Profile
Distributions
- YTD Total Return 4.8%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 2.4%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameJPMorgan Realty Income ETF
-
Fund Family NameJPMorgan Funds
-
Inception DateMay 23, 2022
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScott Blasdell
Fund Description
The Fund seeks to achieve its objective by investing substantially all of its assets, and in any event under normal circumstances at least 80% of its net assets (plus the amount of any borrowings for investment purposes), in equity securities of real estate investment trusts (REITs), including REITs with relatively small market capitalizations. The Fund may invest in both equity REITs and mortgage REITs. Equity REITs take ownership interests in real estate. Mortgage REITs invest in mortgages (loans secured by interests in real estate). The Fund may also invest up to 15% of net assets in illiquid holdings.As investment adviser to the Fund, J.P. Morgan Investment Management Inc. (JPMIM) manages the portfolio utilizing a disciplined investment process that focuses on stock selection rather than focusing on particular sectors or themes. JPMIM’s portfolio management team continuously screens the target universe of investments, selecting companies that exhibit superior financial strength, operating returns and attractive growth prospects.The REIT research team takes an in-depth look at each company’s ability to generate earnings over a long-term business cycle, rather than focusing solely on near-term expectations. These research efforts allow the team to determine each company’s normalized earnings (i.e., projected earnings adjusted to reflect what the company should earn at the midpoint of an economic cycle) and growth potential, from which they evaluate whether each company’s current price fully reflects its long-term value. As part of its investment process, the adviser seeks to assess the impact of environmental, social and governance (ESG) factors on the companies in which the Fund invests. The adviser’s assessment is based on a proprietary analysis of key opportunities and risks across industries to seek to identify financially material issues with respect to the Fund’s investments in securities and ascertain key issues that merit engagement with company management. These assessments may not be conclusive and securities of companies may be purchased and retained by the Fund for reasons other than material ESG factors.The Fund is non-diversified.
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JPRE - Performance
Return Ranking - Trailing
| Period | JPRE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -49.2% | 11.9% | N/A |
| 1 Yr | 6.9% | -47.4% | 116.8% | 2.11% |
| 3 Yr | N/A* | -21.4% | 30.0% | 2.71% |
| 5 Yr | N/A* | -14.5% | 17.5% | 2.97% |
| 10 Yr | N/A* | -9.4% | 11.0% | 3.31% |
* Annualized
Return Ranking - Calendar
| Period | JPRE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.6% | -51.3% | 81.2% | N/A |
| 2022 | N/A | -21.3% | 31.3% | N/A |
| 2021 | N/A | -14.7% | 41.4% | N/A |
| 2020 | N/A | -26.4% | 9.4% | N/A |
| 2019 | N/A | -10.9% | 7.8% | N/A |
Total Return Ranking - Trailing
| Period | JPRE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -49.2% | 11.9% | N/A |
| 1 Yr | 6.9% | -47.4% | 116.8% | 2.45% |
| 3 Yr | N/A* | -21.4% | 30.0% | 3.09% |
| 5 Yr | N/A* | -14.5% | 20.9% | 4.22% |
| 10 Yr | N/A* | -9.4% | 13.9% | 4.61% |
* Annualized
Total Return Ranking - Calendar
| Period | JPRE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.4% | -51.3% | 81.2% | N/A |
| 2022 | N/A | -21.3% | 31.3% | N/A |
| 2021 | N/A | -14.7% | 41.4% | N/A |
| 2020 | N/A | -26.4% | 9.4% | N/A |
| 2019 | N/A | -10.7% | 8.2% | N/A |
JPRE - Holdings
Concentration Analysis
| JPRE | Category Low | Category High | JPRE % Rank | |
|---|---|---|---|---|
| Net Assets | 399 M | 1.28 M | 78.4 B | 33.46% |
| Number of Holdings | 30 | 20 | 642 | 89.19% |
| Net Assets in Top 10 | 238 M | 7.44 K | 35.2 B | 27.03% |
| Weighting of Top 10 | 61.31% | 15.9% | 99.8% | 14.53% |
Top 10 Holdings
- American Tower Corp. 10.44%
- Equinix, Inc. 8.56%
- Prologis, Inc. 7.91%
- Welltower, Inc. 7.06%
- Digital Realty Trust, Inc. 6.16%
- VICI Properties, Inc. 4.45%
- American Homes 4 Rent, Class A 4.39%
- Extra Space Storage, Inc. 4.30%
- Ventas, Inc. 4.24%
- UDR, Inc. 3.79%
Asset Allocation
| Weighting | Return Low | Return High | JPRE % Rank | |
|---|---|---|---|---|
| Stocks | 98.04% | 0.01% | 106.94% | 76.35% |
| Cash | 1.96% | -98.06% | 25.84% | 15.20% |
| Preferred Stocks | 0.00% | -0.12% | 33.96% | 59.80% |
| Other | 0.00% | -1.70% | 94.17% | 62.50% |
| Convertible Bonds | 0.00% | 0.00% | 10.95% | 56.76% |
| Bonds | 0.00% | -3.17% | 97.45% | 58.78% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JPRE % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 9.09% | 53.74% |
| Technology | 0.00% | 0.00% | 12.02% | 64.41% |
| Real Estate | 0.00% | 34.46% | 100.00% | 21.00% |
| Industrials | 0.00% | 0.00% | 7.39% | 57.30% |
| Healthcare | 0.00% | 0.00% | 0.53% | 54.45% |
| Financial Services | 0.00% | 0.00% | 37.05% | 58.72% |
| Energy | 0.00% | 0.00% | 33.11% | 54.80% |
| Communication Services | 0.00% | 0.00% | 11.61% | 57.65% |
| Consumer Defense | 0.00% | 0.00% | 1.53% | 53.74% |
| Consumer Cyclical | 0.00% | 0.00% | 45.29% | 75.80% |
| Basic Materials | 0.00% | 0.00% | 13.69% | 55.16% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JPRE % Rank | |
|---|---|---|---|---|
| US | 98.04% | 0.01% | 101.17% | 68.92% |
| Non US | 0.00% | 0.00% | 44.90% | 74.32% |
JPRE - Expenses
Operational Fees
| JPRE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.72% | 0.07% | 4.72% | 88.14% |
| Management Fee | 0.60% | 0.00% | 1.50% | 30.17% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | 25.00% |
Sales Fees
| JPRE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 2.25% | N/A |
Trading Fees
| JPRE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| JPRE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.11% | 380.00% | N/A |
JPRE - Distributions
Dividend Yield Analysis
| JPRE | Category Low | Category High | JPRE % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.36% | 0.00% | 20.32% | 82.15% |
Dividend Distribution Analysis
| JPRE | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| JPRE | Category Low | Category High | JPRE % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -1.14% | 6.05% | N/A |
Capital Gain Distribution Analysis
| JPRE | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 24, 2024 | $0.279 | OrdinaryDividend |
| Jun 25, 2024 | $0.253 | OrdinaryDividend |
| Mar 19, 2024 | $0.166 | OrdinaryDividend |
| Dec 19, 2023 | $0.392 | OrdinaryDividend |
| Sep 19, 2023 | $0.331 | OrdinaryDividend |
| Jun 20, 2023 | $0.469 | OrdinaryDividend |
| Mar 21, 2023 | $0.275 | OrdinaryDividend |
| Dec 20, 2022 | $0.177 | OrdinaryDividend |
| Dec 15, 2022 | $3.700 | OrdinaryDividend |
| Sep 20, 2022 | $0.419 | OrdinaryDividend |
| Jun 21, 2022 | $0.060 | OrdinaryDividend |
JPRE - Fund Manager Analysis
Managers
Scott Blasdell
Start Date
Tenure
Tenure Rank
Dec 31, 1997
24.43
24.4%
Scott Blasdell, managing director, is a portfolio manager in the U.S. Equity Group responsible for Large Cap Value portfolios. An employee since 1999, Scott started as a research analyst covering REITs then in 2001 became portfolio manager of JPMorgan’s REIT strategies. In 2008, Scott moved to the U.S. Disciplined Equity Team to manage large cap core and value strategies. Prior to JPMorgan, Scott worked as a research analyst at Merrill Lynch Asset Management and Wellington Management. Scott earned a B.A. in economics from Williams College and an M.B.A. from the Wharton School of the University of Pennsylvania. He is also a CFA charterholder.
Jason Ko
Start Date
Tenure
Tenure Rank
Dec 31, 1997
24.43
24.4%
Jason Ko, executive director, is a co-portfolio manager of the U.S./Global/International REIT strategy. An employee since 2002, Jason works with a team covering the REIT sector for the U.S. Equity Group. Previously, Jason worked as a research associate focusing on REITs and cyclicals sectors and as an investment assistant in the U.S. Active Equity Group. Jason holds a B.S. in electrical engineering and a B.A. in economics from Brown University. He is also a CFA charterholder
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 28.42 | 7.92 | 2.23 |