AVNM vs JIRE

AVNMAAvantis All International Markets Equity ETF

JIREAJPMorgan International Research Enhanced Equity ETF

In short

AVNM One ticker for the entire Avantis international playbook: developed and emerging markets, large caps down to small caps, tilted toward cheaper and more profitable companies. A fund of funds holding the firm's own ETFs, 0.31% all in.

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

AVNM The fund seeks long-term capital appreciation.

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

• AVNM One trade buys Avantis's whole non-US lineup: developed and emerging markets, large caps through small caps, assembled from the firm's own ETFs.sec.gov
• 0.31% all in, below the category median, and the prospectus fee table shows nearly all of that is the underlying funds' own expenses, not a second management layer.sec.gov
• Emerging markets are a built-in 30% target weight (range 15% to 40%), not a sleeve bolted onto a developed-markets core.sec.gov
• Sits in the upper tier of its active international peer group, helped by low cost and steady day-to-day tradability. Pays quarterly.

• 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

• AVNM It is a wrapper: a short list of Avantis funds, one firm's research process end to end. Read the underlying funds' documents to see what you actually hold.sec.gov
• Cheaper peers exist, such as AVDE at 0.23% and TACN at 0.00% net of a waiver through January 30, 2027; AVNM's fee covers a broader multi-fund stack.
• Value and small-cap tilts plus the emerging-markets weight mean results can diverge from a plain cap-weighted international index in either direction.sec.gov

• 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 AVNM profile⁠

Full JIRE profile⁠