JIRE vs QLTI

JIREAJPMorgan International Research Enhanced Equity ETF

QLTICGMO International Quality ETF

In short

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.

QLTI GMO's quality lens, pointed overseas. Launched in late 2024, it's an actively run international stock fund chasing total return rather than hugging an index, priced right in the middle of its active peer group.

Stated mandate

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.

QLTI The Fund seeks total return.

Why people hold it

• 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.

• QLTI Genuinely active: the stated goal is total return from international stocks, with no declared index dictating country or sector weights.
• At 0.60% a year, the fee sits mid-pack for active international equity, so the stock picking doesn't cost a premium over the category norm.
• Young fund, respectable standing: it already grades in the upper half of its active international cohort.
• Distributions land quarterly, and the fund gathered real assets quickly for a 2024 launch.

Worth knowing

• 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

• QLTI The cohort's top-graded names (AVDE, DFIC, JIRE) run systematic international portfolios for a fraction of this fee, so active picks here have a higher bar to clear.
• Thinly traded next to the giant international funds, so spreads can widen and order timing matters more.
• Live history starts in late 2024, so there isn't yet a full market cycle to judge the approach through.

Full JIRE profile⁠

Full QLTI profile⁠