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JPMorgan U.S. Aggregate Bond ETF
Active ETF
JAGG
Payout Change
Suspended
Price as of:
$47.25
+0.15
+0.32%
primary theme
N/A
JAGG (ETF)
JPMorgan U.S. Aggregate Bond ETF
Payout Change
Suspended
Price as of:
$47.25
+0.15
+0.32%
primary theme
N/A
JAGG (ETF)
JPMorgan U.S. Aggregate Bond ETF
Payout Change
Suspended
Price as of:
$47.25
+0.15
+0.32%
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
-9.0%
1 yr return
-8.4%
3 Yr Avg Return
-0.3%
5 Yr Avg Return
N/A
Net Assets
$1.13 B
Holdings in Top 10
17.4%
52 WEEK LOW AND HIGH
$47.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.07%
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
JAGG - Profile
Distributions
- YTD Total Return -9.0%
- 3 Yr Annualized Total Return -0.3%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.32%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameJPMorgan U.S. Aggregate Bond ETF
-
Fund Family NameJ.P. Morgan
-
Inception DateDec 12, 2018
-
Shares Outstanding23098197
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerEric Isenberg
Fund Description
The Fund is actively managed and seeks to provide long-term return by principally investing in corporate bonds, U.S. treasury obligations and other U.S. government and agency securities, and asset-backed, mortgage-related and mortgage-backed securities (MBS), all of which are rated investment grade by a nationally recognized statistical rating organization or 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 bonds denominated in U.S. dollars. “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 in this policy. A “bond” is defined as a debt security issued by the U.S. government (or its agencies and instrumentalities), a corporation or non-governmental entity with a maturity of 90 days or more at the time of its issuance, and includes mortgage pass-through securities sold in the “to-be-announced” or TBA market (Mortgage TBAs).The Fund seeks to achieve its investment objective by investing in assets based on a systematic investment process focusing on security selection.First, within the corporate sub-sectors of the Bloomberg U.S. Aggregate Index (financials, industrials and utilities), the adviser will apply a systematic multi-factor screening process that seeks exposure to those debt issuers that have attractive “factor” characteristics. The adviser believes it has identified a set of three fixed income investment return sources that have distinct risk and return profiles. Each “factor” represents a potential source of investment return that results from, among other things, assuming a particular risk or taking advantage of a behavioral bias. The three “factors” used in the Fund include Value, Quality, and Momentum.Second, the adviser will seek to realign the duration and sectors of the Fund to match the duration and sectors of the Bloomberg U.S. Aggregate Index. As of May 31, 2022, the duration of the Bloomberg U.S. Aggregate Index was 6.51 years.The Fund will primarily invest in bonds that are included in the Bloomberg U.S. Aggregate Index, but may invest in bonds that are not included in the Bloomberg U.S. Aggregate Index. The Fund will not invest in debt securities that are rated below investment grade at the time of purchase (i.e., high yield and junk bonds). The Fund may invest in privately placed, restricted and unregistered securities.The Fund may invest in Mortgage TBAs. Mortgage TBAs provide for the forward or delayed delivery of the underlying instrument with settlement up to 180 days. The term TBA comes from the fact that the actual mortgage-backed security that will be delivered to fulfill a TBA trade is not designated at the time the trade is made, but rather is announced 48 hours before the settlement date.The Fund may invest in debt obligations, denominated in U.S. dollars, that are issued by a foreign corporation or a U.S. affiliate of a foreign corporation or a foreign government or its agencies and instrumentalities.
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JAGG - Performance
Return Ranking - Trailing
| Period | JAGG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -9.0% | -50.1% | 6.9% | 49.86% |
| 1 Yr | -8.4% | -25.4% | 139.4% | 13.37% |
| 3 Yr | -0.3%* | -13.0% | 100.8% | 14.97% |
| 5 Yr | N/A* | -10.0% | 55.1% | N/A |
| 10 Yr | N/A* | -7.4% | 12.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | JAGG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -13.3% | -75.2% | 1360.6% | 10.85% |
| 2022 | -0.9% | -14.5% | 1027.9% | 9.30% |
| 2021 | 2.3% | -9.6% | 118.7% | 14.21% |
| 2020 | 2.0% | -11.4% | 5.8% | 3.99% |
| 2019 | N/A | -49.5% | 12.4% | N/A |
Total Return Ranking - Trailing
| Period | JAGG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -9.0% | -50.1% | 6.9% | 52.70% |
| 1 Yr | -8.4% | -25.4% | 139.4% | 13.46% |
| 3 Yr | -0.3%* | -13.0% | 100.8% | 15.08% |
| 5 Yr | N/A* | -10.0% | 55.1% | N/A |
| 10 Yr | N/A* | -7.4% | 13.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | JAGG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -13.3% | -75.2% | 131.9% | 10.85% |
| 2022 | -0.9% | -14.5% | 1027.9% | 9.39% |
| 2021 | 2.3% | -9.6% | 118.7% | 14.21% |
| 2020 | 2.0% | -11.4% | 5.8% | 4.10% |
| 2019 | N/A | -7.0% | 12.4% | N/A |
JAGG - Holdings
Concentration Analysis
| JAGG | Category Low | Category High | JAGG % Rank | |
|---|---|---|---|---|
| Net Assets | 1.13 B | 1.19 M | 287 B | 46.70% |
| Number of Holdings | 1640 | 1 | 17234 | 21.92% |
| Net Assets in Top 10 | 203 M | -106 M | 27.6 B | 51.99% |
| Weighting of Top 10 | 17.42% | 3.7% | 100.0% | 74.89% |
Top 10 Holdings
- Jpmorgan Us Govt Mmkt Fund Im Shares (Restricted) 3.96%
- United States Treasury Notes 0.25% 2.29%
- United States Treasury Notes 0.375% 1.86%
- United States Treasury Notes 0.5% 1.85%
- United States Treasury Notes 2.5% 1.67%
- Jpmorgan Us Govt Mmkt Fund Im Shares (Restricted) 1.62%
- Jpmorgan Us Govt Mmkt Fund Im Shares (Restricted) 1.62%
- Jpmorgan Us Govt Mmkt Fund Im Shares (Restricted) 1.62%
- Jpmorgan Us Govt Mmkt Fund Im Shares (Restricted) 1.62%
- Jpmorgan Us Govt Mmkt Fund Im Shares (Restricted) 1.62%
Asset Allocation
| Weighting | Return Low | Return High | JAGG % Rank | |
|---|---|---|---|---|
| Bonds | 94.41% | 3.97% | 268.18% | 61.28% |
| Cash | 3.97% | -181.13% | 95.99% | 40.76% |
| Convertible Bonds | 1.62% | 0.00% | 10.39% | 41.94% |
| Stocks | 0.00% | -0.98% | 24.74% | 70.13% |
| Preferred Stocks | 0.00% | 0.00% | 77.13% | 74.28% |
| Other | 0.00% | -13.23% | 23.06% | 58.42% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JAGG % Rank | |
|---|---|---|---|---|
| Government | 43.02% | 0.00% | 86.23% | 11.96% |
| Securitized | 29.11% | 0.00% | 98.79% | 51.36% |
| Corporate | 23.44% | 0.00% | 100.00% | 74.91% |
| Cash & Equivalents | 3.98% | 0.00% | 95.99% | 54.17% |
| Municipal | 0.44% | 0.00% | 100.00% | 47.83% |
| Derivative | 0.00% | 0.00% | 25.16% | 72.28% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JAGG % Rank | |
|---|---|---|---|---|
| US | 86.52% | 3.63% | 210.09% | 51.36% |
| Non US | 7.89% | -6.54% | 58.09% | 54.98% |
JAGG - Expenses
Operational Fees
| JAGG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.07% | 0.01% | 2.93% | 97.34% |
| Management Fee | 0.07% | 0.00% | 1.76% | 4.44% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.50% | 39.00% |
Sales Fees
| JAGG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| JAGG 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.
| JAGG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 2.00% | 493.39% | 22.56% |
JAGG - Distributions
Dividend Yield Analysis
| JAGG | Category Low | Category High | JAGG % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 12.67% | 61.19% |
Dividend Distribution Analysis
| JAGG | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| JAGG | Category Low | Category High | JAGG % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.32% | -1.28% | 8.97% | 72.50% |
Capital Gain Distribution Analysis
| JAGG | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jan 04, 2023 | $0.112 | OrdinaryDividend |
| Dec 06, 2022 | $0.105 | OrdinaryDividend |
| Nov 04, 2022 | $0.099 | OrdinaryDividend |
| Oct 06, 2022 | $0.091 | OrdinaryDividend |
| Sep 07, 2022 | $0.082 | OrdinaryDividend |
| Aug 04, 2022 | $0.094 | OrdinaryDividend |
| Jul 07, 2022 | $0.083 | OrdinaryDividend |
| Jun 06, 2022 | $0.084 | OrdinaryDividend |
| May 05, 2022 | $0.076 | OrdinaryDividend |
| Apr 06, 2022 | $0.070 | OrdinaryDividend |
| Mar 04, 2022 | $0.065 | OrdinaryDividend |
| Feb 04, 2022 | $0.061 | OrdinaryDividend |
| Jan 04, 2022 | $0.067 | OrdinaryDividend |
| Dec 06, 2021 | $0.064 | OrdinaryDividend |
| Nov 04, 2021 | $0.058 | OrdinaryDividend |
| Oct 06, 2021 | $0.060 | OrdinaryDividend |
| Sep 07, 2021 | $0.059 | OrdinaryDividend |
| Aug 05, 2021 | $0.061 | OrdinaryDividend |
| Jul 07, 2021 | $0.060 | OrdinaryDividend |
| Jun 04, 2021 | $0.059 | OrdinaryDividend |
| May 06, 2021 | $0.046 | OrdinaryDividend |
| Apr 07, 2021 | $0.059 | OrdinaryDividend |
| Mar 04, 2021 | $0.063 | OrdinaryDividend |
| Feb 04, 2021 | $0.055 | OrdinaryDividend |
| Jan 05, 2021 | $0.064 | OrdinaryDividend |
| Dec 04, 2020 | $0.062 | OrdinaryDividend |
| Nov 05, 2020 | $0.070 | OrdinaryDividend |
| Oct 06, 2020 | $0.073 | OrdinaryDividend |
| Sep 04, 2020 | $0.072 | OrdinaryDividend |
| Aug 06, 2020 | $0.040 | OrdinaryDividend |
| Jul 07, 2020 | $0.041 | OrdinaryDividend |
| Jun 04, 2020 | $0.044 | OrdinaryDividend |
| May 06, 2020 | $0.048 | OrdinaryDividend |
| Apr 06, 2020 | $0.054 | OrdinaryDividend |
| Mar 04, 2020 | $0.046 | OrdinaryDividend |
| Feb 05, 2020 | $0.047 | OrdinaryDividend |
| Dec 04, 2019 | $0.068 | OrdinaryDividend |
| Nov 05, 2019 | $0.069 | OrdinaryDividend |
| Oct 03, 2019 | $0.050 | OrdinaryDividend |
| Sep 05, 2019 | $0.059 | OrdinaryDividend |
| Aug 05, 2019 | $0.057 | OrdinaryDividend |
| Jul 03, 2019 | $0.065 | OrdinaryDividend |
| Jun 05, 2019 | $0.070 | OrdinaryDividend |
| May 03, 2019 | $0.067 | OrdinaryDividend |
| Apr 03, 2019 | $0.055 | OrdinaryDividend |
| Mar 05, 2019 | $0.057 | OrdinaryDividend |
| Feb 05, 2019 | $0.055 | OrdinaryDividend |
| Jan 03, 2019 | $0.041 | OrdinaryDividend |
JAGG - Fund Manager Analysis
Managers
Eric Isenberg
Start Date
Tenure
Tenure Rank
Dec 12, 2018
3.47
3.5%
Mr. Isenberg, Executive Director of JPMIM, is the Head of Fixed Income Portfolio Management for Quantitative Beta Strategies. In this role, Mr. Isenberg is responsible for portfolio management of all of J.P. Morgan Asset Management Holdings Inc. passive fixed income funds, including index replication and smart beta fixed income funds. Prior to joining the firm in 2016, Mr. Isenberg worked at VanEck beginning in 2015, where he was a Fixed Income Portfolio Manager for all of the VanEck Vectors Fixed Income ETFs, including the municipal, international and high yield funds and worked at Credit Suisse from 2003 until 2015 in various roles, including Head of Fixed Income Index Products and Head of Bond Index Products. Mr. Isenberg graduated from Binghamton University in 2001 with a Bachelor of Science in computer science and economics.
Naveen Kumar
Start Date
Tenure
Tenure Rank
Dec 12, 2018
3.47
3.5%
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.
Niels Schuehle
Start Date
Tenure
Tenure Rank
Dec 12, 2018
3.47
3.5%
Mr. Schuehle, Executive Director of JPMIM, is Head of Fixed Income Research for Quantitative Beta Strategies. In this role, Mr. Schuehle is focused on further developing the firm’s factor-based franchise in fixed income markets. Prior to joining the firm in 2016, Mr. Schuehle was a Senior Researcher in the Quantitative Portfolio and Index Research team at Bloomberg and Senior Researcher in the Index Strategies and Portfolio Modeling team at Barclays Risk Analytics and Index Solution Group from 2010 to 2016. Mr. Schuehle holds a Ph.D. in Finance from Kellogg School of Management at Northwestern University.
Behnood Noei
Start Date
Tenure
Tenure Rank
Jun 17, 2020
1.95
2.0%
Mr. Noei, vice president, is a portfolio manager in the Quantitative Beta Strategies group, based in New York. Mr. Noei joined J.P. Morgan Investment Management since 2012. Mr. Noei holds a M.Sc. in finance from the Fisher School of Business at The Ohio State University and is a CFA charterholder.
Jonathan Msika
Start Date
Tenure
Tenure Rank
Jan 06, 2021
1.4
1.4%
Jonathan Msika, Vice President of JPMIM, has been a research analyst and portfolio manager in the Quantitative Beta Strategies group since 2016. An employee since 2011, he was previously a quantitative analyst in the Quantitative Portfolio Strategies Team in JPMIM’s Multi-Asset Solutions Team from 2011 to 2016.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 33.43 | 6.76 | 1.16 |
