JIRE vs TLCI

JIREAJPMorgan International Research Enhanced Equity ETF

TLCIBTouchstone International Equity 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.

TLCI An international fund that behaves like a stock picker, not an index tracker: sub-adviser The London Company runs roughly 25 to 40 large non-US names chosen for balance sheet strength, at 0.37% net of a waiver through April 29, 2027.

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.

TLCI The Fund seeks long-term capital appreciation.

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.

• TLCI Priced at 0.37% net of a waiver through April 29, 2027, below the median fee in its active international category.
• Typically holds about 25 to 40 companies, screened for cash return on tangible capital, balance sheet strength and a discount to estimated intrinsic value.sec.gov
• Buy-and-hold by design: the manager targets an average holding period near five years and aims to minimize turnover to reduce transaction costs and taxes.sec.gov
• At least 80% of assets sit in large-cap non-US equities under normal conditions, so the international mandate is written into policy, not just marketing.sec.gov

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

• TLCI That 0.37% leans on a contractual waiver through April 29, 2027. The gross expense ratio is 1.01%, and waived amounts can be recouped later under the agreement.sec.gov
• A 25 to 40 stock book can invest a high percentage in one country or sector, so single names swing results far more than in funds holding thousands of stocks.sec.gov
• Launched in 2025 and thinly traded, with cheaper broad rivals nearby: AVDE at 0.23%, DFIC at 0.22%, and TACN at 0.00% net of a waiver through January 30, 2027.

Full JIRE profile⁠

Full TLCI profile⁠