Diversified Return U.S. Small Cap Equity ETF
Seeking a smoother ride in U.S. small cap equity markets.
JPSE tracks an index whose methodology is designed to capture market upside while providing less volatility in down markets compared to a market cap-weighted index.
Fees and Investment Minimums
Net expenses may include short dividend expense. See prospectus for details.
Total return assumes reinvestment of income.
The Fund's adviser and/or its affiliates have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, dividend and interest expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation and extraordinary expenses) exceed 0.29% of the average daily net assets. The Fund may invest in one or more money market funds advised by the adviser or its affiliates (affiliated money market funds). The Fund's adviser has contractually agreed to waive fees and/or reimburse expenses in an amount sufficient to offset the fees and expenses of the affiliated money market funds incurred by the Fund because of the Fund's investment in such money market funds. This waiver is in effect through 2/29/2020, at which time the adviser and/or its affiliates will determine whether to renew or revise it. The difference between net and gross fees includes all applicable fee waivers and expense reimbursements.
ETFs have fees that reduce their performance: indexes do not. You cannot invest directly in an index.
The Russell 2000 Diversified Factor Index is comprised of U.S. small cap equity securities selected to represent a diversified set of factor characteristics selected from the Russell 2000 Index. The rules based proprietary multi-factor selection process utilizes the following characteristics: relative valuation, price momentum, and quality. The equity securities in the index are diversified across industries. These securities will be small cap equity securities of U.S. companies, including common stock, preferred stock and REITs.
The Russell 2000 Index is an unmanaged index, measuring performance of the 2000 smallest stocks (on the basis of capitalization) in the Russell 3000 Index.
The S&P Small Cap 600 Index is afloat-adjusted and market capitalization weighted index measuring performance of the small-capitalization sector in the US equity market. The Index includes all US common equities listed on the NYSE, NASDAQ Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $250 million and $1.2 billion.
Investing involves risk, including possible loss of principal. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost. ETF shares are bought and sold throughout the day on an exchange at market price (not NAV) through a brokerage account, and are not individually redeemed from the fund. Shares may only be redeemed directly from a fund by Authorized Participants, in very large creation/redemption units. For all products, brokerage commissions will reduce returns.
Index returns and sector returns are for illustrative purposes only and do not represent actual Fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged.
All rights in the FTSE Index (the "Index") invest in FTSE International Limited ("FTSE"). "FTSEÂ®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE under licence. The Fund has been developed solely by J.P. Morgan. The Index is calculated by FTSE or its agent. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Fund and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Fund. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Fund or the suitability of the Index for the purpose to which it is being put by J.P. Morgan.
Small-capitalization investments typically carry more risk than investments in well-established "blue-chip" companies since smaller companies generally have a higher risk of failure. Historically, smaller companies' stock has experienced a greater degree of market volatility than the average stock.
The fund uses derivatives, which may be riskier than other types of investments and may increase the volatility of the fund. The fund may not track the return of its underlying index for a number of reasons, such operating expenses incurred by the fund that are not applicable to the index, and the time difference between calculating the value of the index and the net asset value of the fund.
Total return assumes reinvestment of income.