AVLC vs JPEF

AVLCAAvantis U.S. Large Cap Equity ETF

JPEFBJPMorgan Equity Focus ETF

In short

AVLC Active management with index-fund manners: roughly 900 U.S. large caps, with the dial turned toward cheaper, more profitable companies. Avantis charges 0.15% a year to do it.

JPEF About 40 U.S. stocks, hand-picked and free to lean growth or value as conviction shifts. A multi-billion-dollar J.P. Morgan fund charging 0.55%, gross and net, no waiver propping it up, below the typical active U.S. equity fee.

Stated mandate

AVLC The fund seeks long-term capital appreciation. It invests broadly in U.S. large-capitalization companies while using active decisions to overweight lower valuations and higher profitability.

JPEF 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

• AVLC 0.15% a year against a 0.65% median for active U.S. equity funds. That is passive-style pricing on an actively run book.
• Holds about 900 names against the Russell 1000, so the value and profitability tilts sit on top of broad market exposure instead of a concentrated bet.avantisinvestors.com
• One of the stronger builds in the active U.S. equity group, priced in the same neighborhood as the Dimensional core funds (DFAU, DFAC) it competes with.
• A multi-billion-dollar fund that trades steadily, so spreads and liquidity are rarely the sticking point. Distributions are paid quarterly.

• JPEF About 40 holdings measured against the S&P 500. Every pick carries real weight instead of being diluted into a 500-stock average.
• 0.55% gross and net, no fee waiver holding it down, which lands below the typical fee in its active U.S. equity category.
• The mandate lets managers emphasize growth or value as conditions and conviction change, rather than living in one style box.
• The strategy's record runs back to 2011, it has grown into a multi-billion-dollar fund, and it sits in the upper half of a crowded active U.S. equity field.

Worth knowing

• AVLC Launched in 2023. The tilt philosophy is well worn at Avantis, but this fund's own live record is still short.
• Active, not index-tracking. The Russell 1000 is a reference point, not a leash, so holdings and weights can drift from it.
• Leaning toward cheaper, higher-profitability companies means stretches where it moves differently from the plain cap-weighted market, in either direction.avantisinvestors.com

• JPEF Concentration cuts both ways: with about 40 names, one holding's stumble shows up far more than it would in a broad index fund.
• Stock picking costs extra. DFAU charges 0.12% and AVLC 0.15%, neither waived, for broad U.S. large-cap exposure.
• Distributions come annually or semiannually with no stated income target. The documented goal is long-term capital appreciation, not cash flow.

Full AVLC profile⁠

Full JPEF profile⁠