GARY vs JUSA

GARYCMango Growth ETF

JUSAAJPMorgan U.S. Research Enhanced Large Cap ETF

In short

GARY Mango skips the enhanced-index playbook most peers run: quant screens plus fundamental research, hunting secular and thematic growers with strong earnings power. Launched in 2025 and priced like the active fund it is.

JUSA Active stock picking in index clothing: J.P. Morgan analysts tilt roughly 300 large caps while sector weights and risk stay close to the S&P 500, for 0.18% a year with no waiver attached.

Stated mandate

GARY The Fund seeks long-term capital appreciation through active investment primarily in common stocks of companies with high growth characteristics. Its process combines quantitative analysis with fundamental research and generally emphasizes large-capitalization companies, while allowing investments across company sizes.

JUSA The fund seeks capital appreciation through active, fundamental, bottom-up selection of large-cap U.S. equities. It targets companies with strong long-term earnings potential and attractive valuations relative to peers.

Why people hold it

• GARY Actively run rather than index-shadowed: a quant screen narrows the field, then fundamental research picks the secular and thematic names with strong earnings power.
• Plain 1940 Act ETF wrapper. Ordinary brokerage access, 1099 tax reporting, no K-1 at year end.
• The portfolio is the strongest part of the story, built and spread better than most of its growth-conviction peer group.
• The mandate is stated plainly: US growth equity, no hidden style drift into value or income to decode.

• JUSA 0.18% a year with no waiver propping it up, below its category median. GUSE charges 0.30% and LRGC 0.39% for similar enhanced-index work; FELG ties it at 0.18%.
• Active where it counts, plain where it doesn't: bottom-up stock picks across roughly 300 large caps, with sector mix and risk profile kept close to the S&P 500.jpmorgan.com
• Stands among the strongest implementations in a 90-fund peer group of active large-cap funds, helped by a low fee and tightly managed risk.

Worth knowing

• GARY The fee is 0.77% a year, above the typical charge in this peer group and several times what enhanced-index growth funds like JUSA and FELG carry.
• Launched in December 2025, so the quant-plus-fundamental process has a short public record and little data on how it handles a real drawdown.
• Trades lightly next to category heavyweights, so spreads can widen. Limit orders and mid-session trading matter more here than with a mega-fund.

• JUSA Launched in March 2025, so there is only a short live record on this ticker to judge.
• Moderately traded rather than a volume monster, so spreads can run wider than the giant index funds', especially in fast markets.
• Tracking the S&P 500's sector weights limits how far results can stray from the benchmark in either direction. This is a nudge on the index, not a different bet.jpmorgan.com

Full GARY profile⁠

Full JUSA profile⁠