AVGE vs JGLO

AVGEAAvantis All Equity Markets ETF

JGLOBJPMorgan Global Select Equity ETF

In short

AVGE Avantis's whole-world equity portfolio in one ticker: a fund built from its own factor ETFs across US, developed and emerging markets, tilted toward smaller and cheaper stocks, at 0.23% a year with no waiver involved.

JGLO An active global stock picker from J.P. Morgan: roughly 80 developed-market large caps, measured against the MSCI World, at a price well under the typical active global fund.

Stated mandate

AVGE The fund seeks long-term capital appreciation through a broadly diversified equity portfolio. It invests directly or through Avantis ETFs and emphasizes companies expected to offer higher returns or better risk characteristics than a passive, market-cap-weighted index.

JGLO The fund seeks long-term capital appreciation through a global equity portfolio, primarily investing in large-cap stocks across global developed markets. Its active fundamental process emphasizes attractive valuation, strong free cash flow and sustained earnings growth.

Why people hold it

• AVGE One ticker, the whole map: it owns a series of other Avantis ETFs spanning US, developed international and emerging markets.avantisinvestors.com
• 0.23% a year, below the typical global active equity fund, and that is the real number, not a temporary waiver.
• No closet indexing. The mandate emphasizes companies Avantis expects to offer higher returns or better risk traits than a passive, cap-weighted index.ifa.com
• Sits among the strongest implementations in its global active equity peer group, and it pays shareholders quarterly.

• JGLO Costs 0.47% a year, versus a 0.69% median for active global equity funds. Cheap for a stock-picking mandate.
• Runs about 80 names, so the manager's valuation, free-cash-flow and earnings-growth calls actually show up in the portfolio instead of getting diluted.jpmorgan.com
• A multi-billion-dollar fund with steady daily turnover, which keeps the spread you pay to get in and out modest for an active global product.
• Backed by one of the largest active managers in the business, and rated in the top quartile of its global active equity peer group.

Worth knowing

• AVGE At the fund level you hold a handful of Avantis ETFs, so the stock-level diversification is look-through and one firm's research drives the entire stack.avantisinvestors.com
• The prospectus targets roughly 70% US equity (band 63% to 77%), so the geographic mix follows Avantis's policy rather than global market weights.ifa.com
• A close sibling, AVTM, covers total equity markets at 0.22% with no waiver attached.

• JGLO Concentration cuts both ways. With about 80 holdings against the MSCI World, returns can drift meaningfully from the benchmark in either direction.
• Index-tracking peers cost far less: GSWO at 0.15% and DFAW at 0.24%. You are paying up for the stock selection.
• Large-cap developed markets are the hunting ground, so emerging markets and small caps are not the focus here. Distributions come annually or semiannually, not monthly.

Full AVGE profile⁠

Full JGLO profile⁠