ICPY vs JIVE

ICPYDTweedy, Browne International Insider + Value ETF

JIVEAJPMorgan International Value ETF

In short

ICPY Most value funds stop at "cheap." Tweedy, Browne's international ETF wants a second signal: insiders buying their own stock, or the company buying back shares. Old-school value logic, aimed outside the US.

JIVE JPMorgan's take on international value: an active, style-pure cheapness screen run across roughly 400 names in both non-US developed and emerging markets. Index-like breadth, human hands on the wheel.

Stated mandate

ICPY The Fund seeks long-term capital growth. It mainly invests in non-U.S. equities the Adviser considers undervalued when company insiders are buying shares or the company is pursuing opportunistic buybacks.

JIVE The fund seeks long-term capital appreciation through investments in foreign equity securities.

Why people hold it

• ICPY Two filters, not one: the adviser's own value scoring, plus evidence that company insiders are buying shares or the firm is running opportunistic buybacks.
• Purely non-US equity mandate, so it covers ground a US-heavy core portfolio does not.
• Lands in the upper half of its global active-equity peer group despite being one of the youngest funds in it, launched in 2025.

• JIVE Style-pure value screen, not a blend compromise. Holdings are chosen for cheapness, and the book spreads across about 400 names instead of a concentrated handful.jpmorgan.com
• One passport, both worlds: the mandate covers non-US developed and emerging markets, measured against the MSCI ACWI ex USA Value index.jpmorgan.com
• A 0.55% fee puts it on the cheaper side of the actively managed international value shelf, where paying up for stock picking is the norm.
• Portfolio matches the label. Exposure lines up with the stated value mandate, and it stands among the stronger implementations in its active international value group.

Worth knowing

• ICPY The 0.80% expense ratio runs above the typical global active fund, and broad index-based rivals like GSWO (0.15%) sit far below it.
• Thinly traded so far. Spreads can run wider than on large index funds, which matters most on big or hurried orders.
• Launched in 2025, so there is little history to judge the strategy on in ETF form. Distributions come once or twice a year, not monthly.

• JIVE Systematic rivals like AVIV and AVDV charge less for international value. The extra cost here buys JPMorgan's active selection.
• Emerging market holdings add currency swings and political risk that a developed-markets-only fund sidesteps.
• Launched in 2023, so the live record is short. Distributions arrive annually or semiannually, not monthly.

Full ICPY profile⁠

Full JIVE profile⁠