# Product Facts - JPMorgan International Research Enhanced Equity ETF > Audience: country=us, language=en, role=adv. > Generated: 2026-10-01T03:32:03.000113058Z. ## Identity - **Fund Name**: JPMorgan International Research Enhanced Equity ETF - **Share Class Name**: JPMorgan International Research Enhanced Equity ETF - **Product Page**: [Product Page](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-international-research-enhanced-equity-etf-etf-shares-46641q134) - **Ticker**: JIRE - **CUSIP**: 46641Q134 - **Fund Type**: ETF - **Asset Class**: International Equity - **Predecessor Mutual Fund Inception Date**: 10/28/1992 - **Investment Objective**: The Fund seeks to provide long-term capital appreciation. ## Fund Facts - **Ticker**: JIRE - **CUSIP**: 46641Q134 - **Asset Class**: International Equity - **Predecessor Mutual Fund Inception Date**: 10/28/1992 - **ETF Inception Date**: 06/10/2022 - **Exchange**: NYSE-Arca - **ESG Approach**: Integrated [Disclosure 1] ## Fund Stats - **NAV As of 09/30/2026**: $82.02 - **NAV Change ($) As of 09/30/2026**: $-0.63 - **NAV Change (%) As of 09/30/2026**: -0.76% - **Non-Fair Value NAV As of 09/30/2026**: $82.52 [Disclosure 2] - **Closing Price As of 09/30/2026**: $82.16 - **Closing Price Change ($) As of 09/30/2026**: $-0.44 - **Closing Price Change (%) As of 09/30/2026**: -0.45% - **Discount/Premium As of 09/30/2026**: 0.17% - **30 Day SEC Yield As of 08/31/2026**: 2.18% - **30 Day SEC Yield Unsubsidized As of 08/31/2026**: 2.13% - **Dividend Yield As of 08/31/2026**: 2.65% - **12-Month Rolling Dividend Yield As of 09/30/2026**: 3.03% - **Daily - 30 Day SEC Yield As of 09/29/2026**: 2.28% - **Daily - 30 Day SEC Yield Unsubsidized As of 09/29/2026**: 2.22% - **Fund Assets As of 09/30/2026**: $10.91bn - **Shares Outstanding As of 09/30/2026**: 133,027,892 - **Number of Holdings As of 09/29/2026**: 208 - **YTD As of 09/30/2026**: 9.49% [Disclosure 3] - **Market Price Returns As of 09/30/2026**: 9.72% [Disclosure 4] ## Portfolio Managers ### Piera Elisa Grassi - **In the industry**: 26 years - **With J.P. Morgan**: 22 years - **Managing this fund**: 10 years ### Nicholas Farserotu - **In the industry**: 15 years - **With J.P. Morgan**: 11 years - **Managing this fund**: 6 years ### Winnie Cheung - **In the industry**: 16 years - **With J.P. Morgan**: 14 years - **Managing this fund**: 4 years ### Sebastian JM Wiseman - **In the industry**: 10 years - **With J.P. Morgan**: 10 years - **Managing this fund**: Less than one year ## Commentary **As of **: 06/30/2026 ### Topline Benchmark MSCI EAFE Index Markets After a more subdued start to the year, the second quarter saw developed market equities surge, supported by a powerful risk-on rally in April and continued optimism into May. Momentum softened in June as investors paused after record enthusiasm around AI. Geopolitics and technology continued to dominate market movements during the quarter. Against this backdrop, growth stocks outperformed value stocks. Helped Stock selection in consumer discretionary and consumer staples contributed to returns. Hurt Stock selection in information technology and financials detracted. Outlook Equity markets have remained resilient despite a steady stream of economic and geopolitical developments. The key question for the rest of the year is whether optimism can hold amid ongoing geopolitical uncertainty, evolving monetary policy and elevated valuations. ### Quarter in Review The JPMorgan Research Enhanced Equity ETF (JIRE) underperformed (on a net of fees basis) the benchmark, the MSCI EAFE Index, for the quarter ended June 30, 2026. An overweight position in Infineon Technologies, the European semiconductor manufacturer specializing in automotive, industrial and AI power solutions, contributed to performance over the period. The company delivered solid results with strong revenue growth, improved margins and robust order momentum, supported by accelerating AI demand and positive cyclical recovery across key markets. An overweight position in Tokyo Electron, a Japanese semiconductor production equipment manufacturer, contributed to performance over the period. The company delivered robust financial results, highlighted by record sales and profits, strong margin recovery and positive momentum in advanced packaging and memory-related segments. The company also announced a new share buyback and stock split announcement, which further buoyed investor sentiment. An underweight position in Kioxia Holdings, a leading Japanese NAND flash memory manufacturer with a strong presence in AI-driven storage solutions, detracted from performance over the period. The company delivered robust financial results, driven by strong AI-related demand and tight supply conditions. The stock saw a further rally due to ongoing negotiations for long-term agreements. An underweight position in Murata Manufacturing, a Japanese passive components maker with a strong multilayer ceramic capacitor market share, detracted from performance over the period. The company benefited from robust AI server demand, improved margins and positive earnings momentum, supported by strong order growth and favorable pricing trends. ### Looking Ahead Ongoing geopolitical uncertainty — particularly in the Middle East — alongside evolving monetary policy and elevated valuations will be key swing factors for risk sentiment, though the base case remains gradual de-escalation with manageable spillovers. Global earnings expectations continue to strengthen, supported by robust AI-infrastructure investment and supportive fiscal policy, with 21.3% earnings growth forecast for 2026 and a broader-based expansion across regions and sectors. In the U.S., earnings growth is increasingly broadening beyond the market's largest technology companies, with strength becoming more evident across a wider range of sectors and businesses. Internationally, earnings trends remain constructive. Emerging markets continue to benefit from AI-related investment activity, Japan is supported by structural improvements in corporate governance and shareholder returns, and Europe is seeing resilience in earnings despite a more subdued macroeconomic backdrop. AI remains a key long-term theme. However, with outcomes becoming more differentiated and valuations already optimistic in some areas, bottom-up stock selection should be increasingly important. With macro volatility likely to persist, the focus remains on identifying high-quality companies where share prices have become disconnected from long-term fundamentals, supported by ongoing AI-led investment and improved opportunities for active selection. ## Documents - [Factsheet: JPMorgan International Research Enhanced Equity ETF](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/etfs/FS-JIRE.PDF) - [Fund Story: International Research Enhanced Equity ETF](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fund-story/STO-JIRE.pdf) - [Commentary: International Research Enhanced Equity ETF](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/commentary/FC-JIRE.PDF) - [ETF Dividend Calendar 2026](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/income-distribution-rates/jpmorgan-etfs-2026-distribution-notice.pdf) - [Summary Prospectus](https://am.jpmorgan.com/JPMorgan/TVT/46641Q134/SP?site=JPMorganv3) - [Prospectus](https://am.jpmorgan.com/JPMorgan/TVT/46641Q134/P?site=JPMorganv3) - [Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/46641Q134/AR?site=JPMorganv3) - [Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/46641Q134/NCSR?site=JPMorganv3) - [Semi-Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/46641Q134/SAR?site=JPMorganv3) - [Semi-Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/46641Q134/NCSRS?site=JPMorganv3) - [First Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/46641Q134/QH1?site=JPMorganv3) - [Third Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/46641Q134/QH3?site=JPMorganv3) - [Statement of Additional Information](https://am.jpmorgan.com/JPMorgan/TVT/46641Q134/S?site=JPMorganv3) - [Annual Report Of Proxy Voting](https://am.jpmorgan.com/JPMorgan/TVT/46641Q134/NPX?site=JPMorganv3) ## Disclosures 1. This Fund considers financially material environmental, social and governance ("ESG") factors as part of the Fund's investment process. In actively managed assets deemed by J.P. Morgan Asset Management to be ESG integrated under our governance process, we systematically assess financially material ESG factors amongst other factors in our investment decisions with the goals of managing risk and improving long-term returns. ESG integration does not change a strategy's investment objective, exclude specific types of companies or constrain a strategy's investable universe. 2. Non-Fair Value NAV: The published NAV includes adjustments made to prices of international stocks to compensate for price changes occurring after local markets close and exchange rates at the 4 PM New York close, the Non-Fair Value NAV excludes these price adjustments and uses exchange rates at the 4PM London close. Investors cannot transact at Non-Fair Value. 3. Prior to close of business on 6/10/2022, the Fund operated as an open-end mutual fund. The Fund has an identical investment objective and substantially similar investment strategies and investment risk profiles as the predecessor mutual fund. The NAV returns include returns of the Class R6 Shares of the predecessor mutual fund prior to the Fund's commencement of operations. Performance for the Fund's Shares has not been adjusted to reflect the Fund's Shares' lower expenses than those of the predecessor mutual fund's Class R6 Shares. Had the predecessor fund been structured as an exchange-traded fund, its performance may have differed. Please refer to the current prospectus for further information. 4. Prior to close of business on 6/10/2022, the Fund operated as an open-end mutual fund. Market price returns are calculated using the official closing price of the Fund on the listing exchange as of the time that the Fund's NAV is calculated. Prior to the Fund's listing on 6/13/2022, the NAV performance of the Fund and the Class R6 Shares of the predecessor mutual fund are used as proxy market price returns. The Fund's market price returns have not been adjusted to reflect the lower expenses of the Fund than those of the predecessor mutual fund's Class R6 Shares. Had the predecessor mutual fund been structured as an exchange-traded fund, its performance may have differed. Please refer to the current prospectus for further information.