ABLG vs JIRE

ABLGCAbacus FCF International Leaders ETF

JIREAJPMorgan International Research Enhanced Equity ETF

In short

ABLG A developed-markets stock picker with a cash-register mindset: it hunts companies shrinking their share count, growing free cash flow, and cutting debt, measured against the S&P Developed ex-U.S. Index at similar volatility.

JIRE EAFE core with a stock-picker's fingerprints. JIRE holds sector and geographic risk close to the MSCI EAFE Index and expresses J.P. Morgan's global analyst calls as small over- and underweights, for 0.29% a year, below the typical active international fee.

Stated mandate

ABLG The fund seeks long-term returns exceeding the S&P Developed ex-U.S. Index while maintaining similar volatility. It uses an active stock-selection process based on float shrink, free-cash-flow growth, and declining leverage.

JIRE JIRE seeks long-term capital appreciation by investing primarily in foreign developed-market companies. It uses global fundamental research and seeks to outperform the MSCI EAFE Index while maintaining similar sector and geographic risk characteristics.

Why people hold it

• ABLG The screen is a balance-sheet checklist: fewer shares outstanding, rising free cash flow, falling leverage. Three signs a company is funding itself instead of diluting you.
• At 0.54% it sits under the 0.60% median for active international funds, so the stock picking does not start in a fee hole.
• Trading since 2017, with a multi-year live record in developed markets rather than a backtest, and cash paid out on a quarterly schedule.

• JIRE Index-like by design: sector and geographic risk stay close to MSCI EAFE, so stock-level tilts from J.P. Morgan's worldwide research bench do the work.jpmorgan.com
• 0.29% a year, below the median fee in its active international category, and no waiver is propping that up, so there is no expiry date to watch.
• Risk spread wide: roughly 200 stocks across developed markets outside North America, inside a multi-billion-dollar fund.
• Rates as one of the stronger implementations in the active international equity group.

Worth knowing

• ABLG Small fund, light volume. Spreads can be wide and a chunky order can move the price, so the round trip may cost more than the expense ratio alone.
• Broad international peers like AVDE and DFIC run near 0.22% to 0.23%, so this screen costs roughly double the cheapest names in the group.
• Active by design: the portfolio can look nothing like the S&P Developed ex-U.S. Index and drift from it, in either direction, over any given stretch.

• JIRE Hugging the benchmark cuts both ways: differences from EAFE come in small slices from stock selection, not bold sector or country bets.
• Cheaper shelf-mates exist: DFIC at 0.22% and AVDE at 0.23%, plus TACN at 0.20% gross but 0% net of a waiver through January 30, 2027.
• Developed-market holdings are priced in foreign currencies, so moves in the dollar ride along with the stock results.jpmorgan.com

Full ABLG profile⁠

Full JIRE profile⁠