CGIC vs JIRE

CGICBCapital Group International Core Equity ETF

JIREAJPMorgan International Research Enhanced Equity ETF

In short

CGIC Capital Group's stock pickers go shopping outside the US, developed and emerging markets alike, chasing growth plus a paycheck. Real active management at 0.54%, which undercuts the typical active international fund.

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

CGIC The fund seeks long-term capital growth together with current income by investing primarily in common stocks and other equity securities of companies outside the United States, including emerging markets and developing countries.

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

• CGIC Priced under its peer group: 0.54% a year against a 0.60% median for active international equity funds. Active stock selection without the usual active markup.
• A two-part mandate, not just growth. The fund seeks long-term capital growth together with current income from non-US equities, and distributions are paid quarterly.
• Genuinely go-anywhere: developed and emerging markets both in the hunting ground, spread across roughly 170 stocks rather than a concentrated bet.
• Sits in the top quartile of its 58-fund active international equity group on our review, and it trades actively, so getting in and out is rarely the hard part.

• 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

• CGIC Systematic rivals cost a fraction: AVDE runs 0.23% and DFIC 0.22%. You are paying up for human judgment, so the stock picking has to earn that gap.
• Young fund, launched June 2024. There is not much of a track record yet, which limits how much its risk history can tell you.
• Emerging and developing markets sit inside the mandate alongside developed ones, which brings currency moves and single-country politics into the ride.

• 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 CGIC profile⁠

Full JIRE profile⁠