JPMorgan Active Value ETF
The adviser seeks to meet its objective by investing primarily in equities, including common stock, preferred stock and bonds which are convertible to common stock, that the adviser identifies to be attractively valued given their growth potential over a long-term time horizon. The securities held by the fund will predominantly be of companies with market capitalizations similar to those within the universe of the Russell 1000 Value Index (which includes both large cap and mid cap companies).
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$2B OVER THIS RANGE
Money keeps arriving — +$108M of net buying over the past month, about 1.5% of the fund's asset base, while the price has returned +14.4% so far this year. At 0.44% a year it is not the cheapest way in — IEFA runs the same ground at 0.07%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | -1.0% |
| 1 month | +4.4% |
| 3 months | +8.2% |
| 6 months | +8.7% |
| YTD | +14.4% |
| 1 year | +22.1% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | −$15M |
| 1 month | +$108M |
| 3 months | +$116M |
| YTD | +$995M |
| 1 year | +$2B |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat JAVA on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| IUSG iShares Core S&P U.S. Growth ETF | 0.04% | $33.8B | +$668M | -40bp on fee · 5× the assets · +$668M in over the month | Head-to-head |
| IUSV iShares Core S&P U.S. Value ETF | 0.04% | $28.1B | +$103M | -40bp on fee · 4× the assets · +$103M in over the month | Head-to-head |
| ILCG iShares Morningstar Growth ETF | 0.04% | $3.3B | +$7M | -40bp on fee · +$7M in over the month | Head-to-head |
| VUG Vanguard Growth Index Fund | 0.04% | $135.5B | — | -40bp on fee · 19× the assets | Head-to-head |
| VTV Vanguard Value Index Fund | 0.04% | $125.5B | — | -40bp on fee · 18× the assets | Head-to-head |