CGMM vs JMEE

CGMMBCapital Group U.S. Small and Mid Cap ETF

JMEEAJPMorgan Small & Mid Cap Enhanced Equity ETF

In short

CGMM Capital Group's stock-pickers turned loose on the Russell 2500: roughly 90 U.S. small and mid caps instead of thousands, at a fee below the typical active U.S. equity ETF.

JMEE Enhanced indexing, not index hugging for its own sake: JMEE keeps sector weights close to the S&P 1000, then lets proprietary stock rankings pick the names. Roughly 700 holdings at 0.35%.

Stated mandate

CGMM Seeks long-term capital appreciation by investing in small- and mid-capitalization U.S. companies.

JMEE The fund seeks returns above the S&P 1000 Index by using proprietary stock rankings and fundamental analysis, while maintaining broadly similar sector weights.

Why people hold it

• CGMM At 0.51%, it undercuts the 0.65% median for active U.S. equity ETFs, and comes in cheaper than NBSM (0.75%), another fund measured against the Russell 2500.
• Roughly 90 holdings against a benchmark that spans thousands of names. A genuine stock-picking portfolio, not an index tracker wearing an active label.
• A 2025 launch that already runs at multi-billion-dollar size and trades actively, and it sits in the upper tier of its active U.S. equity peer group.

• JMEE Index shape, active edges. Sector weights stay broadly in line with the S&P 1000 while proprietary rankings and fundamental analysis pick the stocks, spread over roughly 700 names.jpmorgan.com
• 0.35% with no waiver holding it there, below the median for active small/mid-cap funds. Cheaper than DFMC at 0.43%; AVMC (0.18%) and FEMV (0.23%) undercut it.
• Not a 2020s startup: the strategy dates to 1998 and runs a multi-billion-dollar book, so the research process has been through a few full market cycles.
• One of the strongest implementations in the active small/mid-cap group.

Worth knowing

• CGMM It opened in January 2025, so there is no full market cycle yet to judge the managers' results against the Russell 2500.
• Small and mid caps move harder than large caps, and a roughly 90-stock active book can wander well away from the benchmark in either direction.
• Cheap for active, not cheap outright: broad index-style peers like DFAU (0.12%) and active FFSM (0.43%) charge less.

• JMEE Active, not a replicator. There is no index to copy, so results ride on JPMorgan's stock rankings rather than a published rulebook.
• Benchmark-like sector weights mean it moves with the small and mid-cap market. This is a tilt on that exposure, not a cushion against it.
• Distributions land once or twice a year, and it trades moderately rather than heavily, so spreads matter more than in the biggest index funds.

Full CGMM profile⁠

Full JMEE profile⁠