JQUA vs SEIQ

JQUAAJPMorgan U.S. Quality Factor ETF

SEIQBSEI QiM U.S. Large Cap Quality Active ETF

In short

JQUA Quality investing without the quality price tag. JQUA screens U.S. companies for profitability and strong balance-sheet traits, and charges 0.12%, the lowest fee in the quality-factor group we track.

SEIQ SEI runs quality the active way: about 50 U.S. large caps its own manager judges to be the best of the bunch, priced at 0.15%. Index-fund economics on a hand-picked portfolio, in a factor aisle dominated by rules-based giants.

Stated mandate

JQUA JQUA is designed to provide domestic equity exposure focused on companies with strong quality and profitability characteristics, using a rules-based approach intended to enhance returns.

SEIQ The Fund seeks long-term capital appreciation by investing primarily in U.S. common stocks that SIMC considers to have superior quality.

Why people hold it

• JQUA 0.12% a year, against a roughly 0.29% median for quality-factor funds, and it undercuts the bigger badges QUAL and FQAL at 0.15%.
• About 300 U.S. names selected on quality and profitability: a broad core-shaped sleeve, not a concentrated wager on a dozen balance sheets.
• Live since 2017 and now a multi-billion-dollar, actively traded fund, so it has both a real track record and daily two-way flow.
• One of the stronger implementations in its peer group: it stays close to the JP Morgan US Quality Factor Index it follows while keeping costs at the bottom of the group.

• SEIQ 0.15% is index-fund cheap for an actively picked portfolio, level with the largest passive quality funds (QUAL, FQAL) and under most of the cohort.
• About 50 names, so the quality screen actually shows up in the portfolio instead of getting diluted across hundreds of stocks.
• Tight mandate: U.S. common stocks SEI's manager judges to have superior quality, screened on profitability. Little room to wander into other factors.
• Holds the upper half of a quality-factor group stacked with cheap giants from iShares, Vanguard, Fidelity and JPMorgan.

Worth knowing

• JQUA A quality screen is a tilt, not a shield. Owning profitable companies means owning less of everything else, and that gap cuts both ways.
• Trades actively, though it is not the most heavily traded fund on the quality-factor shelf, which matters more for large orders than small ones.
• Distributions land quarterly and fall out of what the screen owns. Income is a byproduct here, not the mandate.

• SEIQ Concentration cuts both ways: with roughly 50 holdings, one company's bad quarter lands harder than it would in a quality index spread across hundreds.
• Quality here is SEI's own call, not a published index rule, so the portfolio can look quite different from the standard factor benchmarks.
• Launched in 2022 and moderately traded, so it carries a shorter record and a thinner order book than the category's largest funds.

Full JQUA profile⁠

Full SEIQ profile⁠