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JPEF

GradeBNASDAQ Global Market

JPMorgan Equity Focus ETF

Active Equity · J.P. Morgan · Inception 2011-07-29 · SEC filings

$81.58−0.74 (−0.90%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Jul 31, 2023.
Intraday session: down, 69 prints from 82.32 to 81.58. Range 81.42 to 82.21. Use the arrow keys to read each point.$81.40$81.80$82.00$82.2010 AM12 PM2 PM4 PM
Expense ratio
0.44%
Fund size
$2.0B
1Y return
+11.5%
Yield · Last 12 months
0.64%
Holdings
41
Volume · 30D
0.1M sh
NAV per share
$82.32
52W range
low $69.68high $83.20

The ETF.net JPEF Grade

B

66/ 100

Rank 25 of 127 in US Active Equity⁠

Confidence High

Six-pillar profile for JPEF. Scores out of 100: Cost 74, Risk 63, Mission 80, Tradability 57, Holdings 55, Durability 91. Strongest: Durability (91). Weakest: Holdings (55). Leans toward Durability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 66 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 74
    Category rank34/127 · top 27%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 80
    Category rank15/48 · top 31%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 63
    Category rank35/126 · top 28%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 57
    Category rank48/127 · top 38%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 55
    Category rank68/124 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 91
    Category rank5/127 · top 4%

Graded as of Sep 22, 2026

Our read on JPEF

ETF.net Research

BAbout 40 U.S. stocks, no style box. J.P. Morgan's managers can lean growth or value as conviction dictates, and they charge well under the typical active US equity ETF to do it.

Stated mandate

Seeks long-term capital appreciation through a focused portfolio of U.S. equity securities. The actively managed strategy can emphasize growth or value depending on market conditions and adviser conviction.

Why people hold it

  1. 01Concentrated by design: about 40 U.S. stocks, so each pick carries real weight instead of being diluted across a 500-name benchmark.
  2. 02At 0.44% a year, it undercuts the 0.65% typical for active US equity funds and same-benchmark rivals like HELO (0.50%) and XLSR (0.70%).
  3. 03No style box. The mandate lets managers emphasize growth or value as conditions and conviction shift, rather than locking into one lane.am.jpmorgan.com
  4. 04A multi-billion-dollar fund with a track record dating to 2011 and one of the sturdier operating setups in its active-equity peer group.

Worth knowing

  1. 01Forty names cut both ways: one stumble moves this fund more than it would a broad index fund holding hundreds of stocks.
  2. 02Plain index-style peers like DFAU (0.12%) and FELC (0.18%) cost a fraction. Here the fee buys stock selection, and selection outcomes vary.
  3. 03Payouts land annually or semiannually with no stated income target. The stated goal is long-term capital appreciation, not cash flow.

JPEF Holdings

As of Sep 21, 2026, 6:54 PM
Asset class
Stocks
Holdings
41
Top-10 weight
46%
Largest holding
NVDA9.3%

Sectors

  • Technology35.3%
  • Financials13.3%
  • Consumer Discr.10.2%
  • Health Care9.8%
  • Industrials9.6%
  • Communication8.9%
  • Energy4.2%
  • Utilities2.4%
  • Materials2.3%
  • Real Estate2.3%
  • Cons. Staples1.7%

Geography

  • United States98.14%
  • Canada1.86%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA CORP COMMON STOCK9.32%845,492$188M828
002GOOGALPHABET INC-CL C -6.39%374,185$129M471
003AAPLAPPLE INC COMMON STOCK5.74%343,951$116M707
004MSFTMICROSOFT CORP COMMON4.86%198,205$98M792
005AMZNAMAZON.COM INC COMMON4.58%363,466$92M720
006JNJJOHNSON & COMMON3.30%246,332$67M521
007MSMORGAN STANLEY DEAN3.00%298,276$60M423
008ADIANALOG DEVICES INC2.92%156,616$59M474
009AVGOBROADCOM INC COMMON2.85%160,633$57M732
010URIUNITED RENTALS INC2.68%53,223$54M324
011XOMEXXONMOBIL HOLDINGS CORP2.57%317,002$52M501
012LLOEWS CORP COMMON STOCK2.57%480,707$52M259
013GILDGILEAD SCIENCES INC2.57%344,736$52M482
014MTBM&T BANK CORP COMMON2.52%222,975$51M295
015AMDADVANCED MICRO DEVICES2.51%90,346$51M618

Showing 1–15 of 42 holdings

JPEF Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

JPEF$11,154
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. JPEF $11,154. SPY $11,723. Use the arrow keys to read each point.$9,294$10,619$11,944Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for JPEF. Periods over one year show the average yearly return.
PeriodJPEF
Year to date+10.2%
1 month+1.1%
3 months+3.1%
1 year+11.5%
3 years+20.8%per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for JPEF
YearReturn barJPEF
2026 YTD+10.2%
2025+12.1%
2024+28.2%
2023+5.7%

History from Jul 31, 2023

JPEF in the news

ETF.net Research hasn’t filed on JPEF yet — coverage lands here as it’s written.

JPEF Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.64%Last 12 months
Payout per share
$0.52Last 12 months
Last payment
$0.52 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 4 payments from 2023 to 2026 YTD. Dec 19, 2023 $0.20; Dec 16, 2024 $0.09; Dec 24, 2024 $0.39; Dec 16, 2025 $0.52. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 16, 2025Dec 18, 2025$0.52
Dec 24, 2024Dec 27, 2024$0.39
Dec 16, 2024Dec 18, 2024$0.09
Dec 19, 2023Dec 22, 2023$0.20

JPEF Risk

How much the fund’s monthly returns vary, scaled to a year.
12.6%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.07
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−18.1%
37 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.96
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

JPEF Cost

Expense ratio0.44%
  • The middle half of US Active Equity funds
  • Median 0.70%

32 of the 124 US Active Equity funds charge less.

JPEF costs $44.00 a year on $10,000. The median US Active Equity fund costs $70.00.