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JPMorgan Corporate Bond Research Enhanced ETF
Active ETF
JIGB
Payout Change
Suspended
Price as of:
$46.44
+0.27
+0.58%
primary theme
N/A
JIGB (ETF)
JPMorgan Corporate Bond Research Enhanced ETF
Payout Change
Suspended
Price as of:
$46.44
+0.27
+0.58%
primary theme
N/A
JIGB (ETF)
JPMorgan Corporate Bond Research Enhanced ETF
Payout Change
Suspended
Price as of:
$46.44
+0.27
+0.58%
primary theme
N/A
Name
As of 01/31/2023Price
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
-11.9%
1 yr return
-10.2%
3 Yr Avg Return
0.4%
5 Yr Avg Return
N/A
Net Assets
$47.5 M
Holdings in Top 10
8.9%
52 WEEK LOW AND HIGH
$46.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.14%
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 01/31/2023Price
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
JIGB - Profile
Distributions
- YTD Total Return -11.9%
- 3 Yr Annualized Total Return 0.4%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.51%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameJPMorgan Corporate Bond Research Enhanced ETF
-
Fund Family NameJ.P. Morgan
-
Inception DateDec 12, 2018
-
Shares Outstanding1000000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerLisa Coleman
Fund Description
The Fund is actively managed and mainly invests in corporate bonds that are rated investment grade by a nationally recognized statistical rating organization or in securities that are unrated but are deemed by the Fund’s adviser, J.P. Morgan Investment Management Inc. (JPMIM or the adviser) to be of comparable quality. Under normal circumstances, the Fund invests at least 80% of its assets in corporate bonds. “Assets” means net assets plus the amount of borrowings for investment purposes. The Fund will provide shareholders with at least 60 days prior notice of any change to this policy. A “corporate bond” is defined as a debt security issued by a corporation or non-governmental entity with a maturity of 90 days or more at the time of its issuance. As part of its principal strategy, the Fund invests in corporate bonds structured as corporate debt securities, debt securities of real estate investment trusts (REITs) and master limited partnerships (MLPs), public or private placements, restricted securities and other unregistered securities.In implementing its strategy and seeking to achieve its investment objective, the Fund constructs a portfolio of holdings that seeks to outperform the Bloomberg U.S. Corporate Bond Index (the benchmark) over time while maintaining similar risk characteristics. Within each sector of the benchmark, the Fund may overweight corporate bonds issued by companies that the adviser’s fundamental credit research teams have given stronger credit scores while underweighting or not holding corporate bonds issued by companies given weaker credit scores. The adviser generates such credit scores by evaluating each individual company based on certain fundamental credit metrics, the company’s competitive environment, risks that the company may face, and other technical factors, such as the liquidity of debt issued by the company and the amount of debt outstanding. In weighting sectors, the adviser makes relative value judgments and performs fundamental analysis of companies and their respective sectors. Similar to the credit score rankings, the adviser generates a score for each corporate sector based on fundamental and relative value views. The adviser looks to overweight sectors with higher scores and underweight sectors with lower scores, seeking to generate excess return over the benchmark. By emphasizing investment in corporate bonds issued by the highest scoring companies and in the highest scoring sectors, the Fund seeks total returns that exceed those of the benchmark over the long term with a similar level of volatility.The Fund mainly invests in securities included within the universe of the benchmark, however, the Fund may also invest in securities not included within the benchmark or securities or instruments with similar economic characteristics. Under normal circumstances, the Fund targets a similar duration to the benchmark, but is not required to maintain a specific duration and may invest in securities of any maturity or duration. As of May 31, 2022, the duration of the benchmark was 7.79 years. As of May 31, 2022, the benchmark was concentrated in the financial sector.The Fund will not invest more than 25% of the value of its total assets in the securities of companies conducting their principal business activities in the same industry, except that, to the extent that an industry represents 20% or more of the Fund’s benchmark at the time of investment, the Fund may invest up to 35% of its total assets in that industry.The Fund may invest in U.S. dollar-denominated securities of foreign issuers.In addition to direct investments in securities, derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. The Fund may use futures contracts as tools in the management of portfolio assets. The Fund may use derivatives to hedge various investments, for risk management and/or to increase income or gain to the Fund. In particular, the Fund may invest in futures to manage duration.As part of its principal investment strategy and for temporary defensive purposes, any portion of the Fund’s total assets may be invested in cash and cash equivalents, including affiliated money market funds.Investment Process: In managing the Fund, the adviser combines fundamental research with a disciplined port-folio construction process. The adviser utilizes proprietary research, risk management techniques and individual security selection in constructing the Fund’s portfolio. In-depth, fundamental research into individual securities is conducted by research analysts who emphasize each issuer’s long-term prospects. This research allows the adviser to rank issuers within each sector group according to what it believes to be their relative value. As part of its security selection process, the adviser seeks to assess the impact of environmental, social and governance factorson many issuers in the universe in which the Fund may invest. The adviser’s assessment is based on an analysis of key opportunities and risks across industries to identify financially material issues on the Fund’s investments in issuers and ascertain key issues that merit engagement with issuers.These assessments may not be conclusive and securities of issuers that may be negatively impacted by such factors may be purchased and retained by the Fund while the Fund may divest or not invest in securities of issuers that may be positively impacted by such factors.
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JIGB - Performance
Return Ranking - Trailing
| Period | JIGB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -11.9% | -37.4% | 3.2% | 29.91% |
| 1 Yr | -10.2% | -22.5% | 163.5% | 39.94% |
| 3 Yr | 0.4%* | -13.4% | 33.3% | 39.33% |
| 5 Yr | N/A* | -10.0% | 21.5% | N/A |
| 10 Yr | N/A* | -4.1% | 9.4% | N/A |
* Annualized
Return Ranking - Calendar
| Period | JIGB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -15.7% | -27.3% | 144.0% | 40.97% |
| 2022 | -1.1% | -15.7% | 31.5% | 36.62% |
| 2021 | 3.2% | -13.0% | 34.5% | 8.24% |
| 2020 | 3.5% | -52.0% | 4.7% | 5.02% |
| 2019 | N/A | -3.1% | 13.4% | N/A |
Total Return Ranking - Trailing
| Period | JIGB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -11.9% | -37.4% | 2.2% | 35.65% |
| 1 Yr | -10.2% | -22.5% | 163.5% | 40.31% |
| 3 Yr | 0.4%* | -13.4% | 33.3% | 43.16% |
| 5 Yr | N/A* | -10.0% | 21.5% | N/A |
| 10 Yr | N/A* | -4.1% | 9.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | JIGB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -15.7% | -27.3% | 144.0% | 40.97% |
| 2022 | -1.1% | -15.7% | 31.5% | 36.62% |
| 2021 | 3.2% | -13.0% | 34.5% | 7.87% |
| 2020 | 3.5% | -14.8% | 4.7% | 5.02% |
| 2019 | N/A | -3.1% | 13.4% | N/A |
JIGB - Holdings
Concentration Analysis
| JIGB | Category Low | Category High | JIGB % Rank | |
|---|---|---|---|---|
| Net Assets | 47.5 M | 6.52 M | 44.4 B | 77.23% |
| Number of Holdings | 465 | 2 | 9191 | 30.75% |
| Net Assets in Top 10 | 4.19 M | -29.6 M | 3.34 B | 67.76% |
| Weighting of Top 10 | 8.89% | 1.8% | 100.0% | 89.52% |
Top 10 Holdings
- HCA Inc. 5% 1.31%
- Jpmorgan Us Govt Mmkt Fund Im Shares (Restricted) 1.14%
- Jpmorgan Us Govt Mmkt Fund Im Shares (Restricted) 1.14%
- Jpmorgan Us Govt Mmkt Fund Im Shares (Restricted) 1.14%
- Jpmorgan Us Govt Mmkt Fund Im Shares (Restricted) 1.14%
- Jpmorgan Us Govt Mmkt Fund Im Shares (Restricted) 1.14%
- Jpmorgan Us Govt Mmkt Fund Im Shares (Restricted) 1.14%
- Jpmorgan Us Govt Mmkt Fund Im Shares (Restricted) 1.14%
- Jpmorgan Us Govt Mmkt Fund Im Shares (Restricted) 1.14%
- Jpmorgan Us Govt Mmkt Fund Im Shares (Restricted) 1.14%
Asset Allocation
| Weighting | Return Low | Return High | JIGB % Rank | |
|---|---|---|---|---|
| Bonds | 98.41% | 15.65% | 141.47% | 31.34% |
| Convertible Bonds | 0.98% | 0.00% | 78.47% | 64.18% |
| Cash | 0.61% | -49.09% | 54.19% | 46.27% |
| Stocks | 0.00% | 0.00% | 5.27% | 32.54% |
| Preferred Stocks | 0.00% | 0.00% | 9.18% | 42.39% |
| Other | 0.00% | -38.92% | 3.98% | 26.87% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JIGB % Rank | |
|---|---|---|---|---|
| Corporate | 99.35% | 41.80% | 100.00% | 31.94% |
| Cash & Equivalents | 0.62% | 0.00% | 54.19% | 54.03% |
| Government | 0.02% | 0.00% | 25.63% | 58.81% |
| Derivative | 0.00% | 0.00% | 27.02% | 37.31% |
| Securitized | 0.00% | 0.00% | 23.18% | 71.04% |
| Municipal | 0.00% | 0.00% | 3.62% | 61.19% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JIGB % Rank | |
|---|---|---|---|---|
| US | 82.71% | 0.00% | 122.90% | 40.90% |
| Non US | 15.70% | 0.00% | 47.05% | 41.49% |
JIGB - Expenses
Operational Fees
| JIGB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.14% | 0.03% | 3.62% | 94.14% |
| Management Fee | 0.14% | 0.00% | 1.35% | 11.56% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.45% | 48.24% |
Sales Fees
| JIGB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| JIGB 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.
| JIGB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 259.00% | 43.38% |
JIGB - Distributions
Dividend Yield Analysis
| JIGB | Category Low | Category High | JIGB % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 25.68% | 13.13% |
Dividend Distribution Analysis
| JIGB | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| JIGB | Category Low | Category High | JIGB % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.51% | 0.38% | 7.58% | 26.27% |
Capital Gain Distribution Analysis
| JIGB | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Feb 06, 2023 | $0.137 | OrdinaryDividend |
| Jan 04, 2023 | $0.150 | OrdinaryDividend |
| Dec 06, 2022 | $0.120 | OrdinaryDividend |
| Nov 04, 2022 | $0.131 | OrdinaryDividend |
| Oct 06, 2022 | $0.130 | OrdinaryDividend |
| Sep 07, 2022 | $0.123 | OrdinaryDividend |
| Aug 04, 2022 | $0.121 | OrdinaryDividend |
| Jul 07, 2022 | $0.150 | OrdinaryDividend |
| Jun 06, 2022 | $0.119 | OrdinaryDividend |
| May 05, 2022 | $0.119 | OrdinaryDividend |
| Apr 06, 2022 | $0.116 | OrdinaryDividend |
| Mar 04, 2022 | $0.119 | OrdinaryDividend |
| Feb 04, 2022 | $0.110 | OrdinaryDividend |
| Jan 04, 2022 | $0.120 | OrdinaryDividend |
| Dec 06, 2021 | $0.117 | OrdinaryDividend |
| Nov 04, 2021 | $0.116 | OrdinaryDividend |
| Oct 06, 2021 | $0.116 | OrdinaryDividend |
| Sep 07, 2021 | $0.115 | OrdinaryDividend |
| Aug 05, 2021 | $0.115 | OrdinaryDividend |
| Jul 07, 2021 | $0.117 | OrdinaryDividend |
| Jun 04, 2021 | $0.116 | OrdinaryDividend |
| May 06, 2021 | $0.117 | OrdinaryDividend |
| Apr 07, 2021 | $0.116 | OrdinaryDividend |
| Mar 04, 2021 | $0.120 | OrdinaryDividend |
| Feb 04, 2021 | $0.113 | OrdinaryDividend |
| Jan 05, 2021 | $0.113 | OrdinaryDividend |
| Dec 04, 2020 | $0.133 | OrdinaryDividend |
| Nov 05, 2020 | $0.133 | OrdinaryDividend |
| Oct 06, 2020 | $0.135 | OrdinaryDividend |
| Sep 04, 2020 | $0.135 | OrdinaryDividend |
| Aug 06, 2020 | $0.138 | OrdinaryDividend |
| Jul 07, 2020 | $0.137 | OrdinaryDividend |
| Jun 04, 2020 | $0.139 | OrdinaryDividend |
| May 06, 2020 | $0.140 | OrdinaryDividend |
| Apr 06, 2020 | $0.149 | OrdinaryDividend |
| Mar 04, 2020 | $0.142 | OrdinaryDividend |
| Feb 05, 2020 | $0.146 | OrdinaryDividend |
| Jan 03, 2020 | $1.067 | OrdinaryDividend |
| Dec 04, 2019 | $0.146 | OrdinaryDividend |
| Nov 05, 2019 | $0.162 | OrdinaryDividend |
| Oct 03, 2019 | $0.164 | OrdinaryDividend |
| Sep 05, 2019 | $0.165 | OrdinaryDividend |
| Aug 05, 2019 | $0.166 | OrdinaryDividend |
| Jul 03, 2019 | $0.167 | OrdinaryDividend |
| Jun 05, 2019 | $0.168 | OrdinaryDividend |
| May 03, 2019 | $0.166 | OrdinaryDividend |
| Apr 03, 2019 | $0.170 | OrdinaryDividend |
| Mar 05, 2019 | $0.169 | OrdinaryDividend |
| Feb 05, 2019 | $0.165 | OrdinaryDividend |
| Jan 03, 2019 | $0.103 | OrdinaryDividend |
JIGB - Fund Manager Analysis
Managers
Lisa Coleman
Start Date
Tenure
Tenure Rank
Dec 12, 2018
3.47
3.5%
Lisa Coleman, managing director, is the head of the Global Investment Grade Corporate Credit team in the Global Fixed Income, Currency & Commodities (GFICC) group. Prior to joining the firm in 2008, Lisa was at Schroders Investment Management for eight years, serving as the head of Global Credit Strategies and the head of European Fixed Income. Previously, she was at Allmerica Financial for six years, managing core and corporate bond portfolios. Before this, Lisa was Deputy Manager of Global Fixed Income at Brown Brothers Harriman for five years, managing corporate bond, asset-backed security, mortgage-backed security and government bond portfolios. Prior Brown Brothers Harriman, Lisa worked at Merrill Lynch in foreign exchange sales and at Travelers Insurance Company as an analyst and portfolio manager. Lisa began her career at the Federal Reserve Bank of New York, holding roles in the foreign exchange and foreign relations departments. Lisa holds a B.A. in economics from Trinity College, Hartford, Connecticut and a M.A. in international banking and finance from the School of International and Public Affairs at Columbia University, New York. In addition, she is a CFA charterholder and holds the Investment Management Certificate from the UK Society of Investment Professionals.
Lorenzo Napolitano
Start Date
Tenure
Tenure Rank
Dec 12, 2018
3.47
3.5%
Lorenzo Napolitano, Executive Director and CFA, are responsible for establishing and monitoring the overall duration, yield curve, sector allocation, the overweights and underweights of the Fund’s portfolio versus the benchmark. Mr. Napolitano is a member of GFICC and a portfolio manager within the Investment Grade Corporate Credit Team. Prior to joining J.P. Morgan Investment Management Inc. in 2012, he was an associate portfolio manager at Lord, Abbett & Co. LLC where he traded and provided research analysis for institutional and retail portfolios within Investment Grade Credit.
Sameer Iqbal
Start Date
Tenure
Tenure Rank
Dec 12, 2018
3.47
3.5%
Mr. Iqbal is a member of GFICC and a portfolio manager within the Investment Grade Corporate Credit Team. Prior to joining the team, he was a fixed income analyst at J.P. Morgan Private Bank, where he assisted in the creation and maintenance of discretionary fixed income strategies spanning investment grade and high yield fixed income markets. Mr. Iqbal has been with the firm for 5 years since graduating from George Washington University with undergraduate degrees in Finance and Economics.
Naveen Kumar
Start Date
Tenure
Tenure Rank
Oct 04, 2021
0.65
0.7%
Mr. Kumar, Vice President of JPMIM, has been a portfolio manager in the Quantitative Beta Strategies Team since 2016. An employee since 2011, he previously worked for the Global Head of Strategic Product Management from 2014 to 2016 and on the JPMorgan Private Bank Manager Selection Team specializing in equities from 2011 to 2014. Mr. Kumar holds a B.A. in Economics from Northwestern University.
Qiwei Zhu
Start Date
Tenure
Tenure Rank
Oct 04, 2021
0.65
0.7%
Mr. Zhu, is a member of GFICC and is a quantitative analyst responsible for developing systematic alpha strategies, scorecards, indicators, and risk models in fixed income, currencies, commodities, and related derivatives. Prior to joining the firm in 2012, Mr. Zhu was a technology associate at Morgan Stanley Investment Management working on performance, attribution and risk
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.33 | 24.76 | 6.22 | 2.41 |
