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JPMorgan BetaBuilders International Equity ETF
ETF
BBIN
Payout Change
Pending
Price as of:
$59.65
+0.12
+0.2%
primary theme
International Large-Cap Blend Equity
BBIN (ETF)
JPMorgan BetaBuilders International Equity ETF
Payout Change
Pending
Price as of:
$59.65
+0.12
+0.2%
primary theme
International Large-Cap Blend Equity
BBIN (ETF)
JPMorgan BetaBuilders International Equity ETF
Payout Change
Pending
Price as of:
$59.65
+0.12
+0.2%
primary theme
International Large-Cap Blend Equity
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
7.1%
1 yr return
17.2%
3 Yr Avg Return
2.4%
5 Yr Avg Return
N/A
Net Assets
$4.1 B
Holdings in Top 10
15.4%
52 WEEK LOW AND HIGH
$59.5
$51.96
$63.65
Expenses
OPERATING FEES
Expense Ratio 0.07%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BBIN - Profile
Distributions
- YTD Total Return 7.1%
- 3 Yr Annualized Total Return 2.4%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.85%
- Dividend Yield 1.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameJPMorgan BetaBuilders International Equity ETF
-
Fund Family NameJPMorgan Funds
-
Inception DateDec 03, 2019
-
Shares Outstanding56200024
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Loeffler
Fund Description
The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the Morningstar® Developed Markets ex-North America Target Market Exposure IndexSM (the Underlying Index). The Fund will invest at least 80% of its Assets in securities included in the Underlying Index. “Assets” means net assets, plus the amount of borrowing for investment purposes. Morningstar, Inc. is the index provider for the Underlying Index (the Index Provider). The Underlying Index is a free float adjusted market capitalization weighted index which consists of equity securities from developed countries or regions, including: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Poland, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. The Underlying Index targets 85% of the stocks traded on the primary exchanges in each country by market capitalization, and primarily includes large- and mid- cap companies. Components of the Underlying Index are allocated across various sectors, including the financials and industrials sectors. However, the components of the Underlying Index and the countries and sectors represented are likely to change over time. The Fund’s equity securities include common stock, stapled securities and depositary receipts. As of January 31, 2024, the market capitalizations of the companies in the Underlying Index ranged from $584.6 million to $382.3 billion and the Underlying Index included 803securities.Beta is a measure of the volatility of a security or a portfolio relative to a market benchmark. The term “BetaBuilders” in the Fund’s name conveys the intended outcome of providing investors with passive exposure and return that generally correspond to a market cap weighted benchmark. The Fund, along with other JPMorgan BetaBuilders Funds, can be used to help an investor build a portfolio of passive exposure to various markets.The Fund, using a “passive” or indexing investment approach, attempts to closely correspond to the performance of the Underlying Index. Unlike actively-managed funds, the Fund does not seek to outperform the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued.The Fund’s intention is to replicate the constituent securities of the Underlying Index as closely as possible. “Replication” is a passive indexing strategy in which a fund invests in substantially all of the securities in its underlying index in approximately the same proportions as the underlying index. However, under various circumstances, it may not be possible or practicable to purchase or hold all of, or only, the constituent securities in their respective weightings in the Underlying Index. In these circumstances, the Fund may utilize a “representative sampling” strategy whereby securities are chosen in order to attempt to approximate the investment characteristics of the constituent securities. To the extent the Fund uses a representative sampling strategy, it would hold a significant number of the constituent securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Even when the Fund is utilizing representative sampling, it must invest at least 80% of its Assets in securities included in the Underlying Index. The Fund’s portfolio will be rebalanced quarterly in accordance with the quarterly rebalancing of the Underlying Index.The Fund may invest up to 10% of its assets in exchange-traded futures and forward foreign currency contracts to seek performance that corresponds to the Underlying Index.The Fund is classified as “diversified” under the Investment Company Act of 1940 (1940 Act). However, the Fund may operate as a “non-diversified” fund, as defined by the 1940 Act, to the approximate extent the Underlying Index is non-diversified. The Fund may, therefore, operate as non-diversified solely as a result of a change in the relative market capitalization or index weighting of one or more constituents of the Underlying Index. A non-diversified fund may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would.To the extent that the securities in the Underlying Index are concentrated in one or more industries or groups of industries, the Fund may concentrate in such industries or groups of industries.
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BBIN - Performance
Return Ranking - Trailing
| Period | BBIN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.1% | -4.9% | 30.8% | 60.09% |
| 1 Yr | 17.2% | -1.8% | 38.5% | 60.40% |
| 3 Yr | 2.4%* | -17.1% | 45.5% | 24.01% |
| 5 Yr | N/A* | -34.2% | 74.6% | 71.22% |
| 10 Yr | N/A* | 0.8% | 31.9% | 82.54% |
* Annualized
Return Ranking - Calendar
| Period | BBIN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.7% | -1.4% | 22.0% | 30.35% |
| 2022 | -16.7% | -43.6% | 71.3% | 32.34% |
| 2021 | 7.8% | -28.5% | 18.9% | 26.52% |
| 2020 | 6.6% | -90.1% | 992.1% | 62.40% |
| 2019 | N/A | -1.9% | 38.8% | N/A |
Total Return Ranking - Trailing
| Period | BBIN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.1% | -4.9% | 30.8% | 60.09% |
| 1 Yr | 17.2% | -1.8% | 38.5% | 60.40% |
| 3 Yr | 2.4%* | -17.1% | 45.5% | 24.01% |
| 5 Yr | N/A* | -34.2% | 74.6% | N/A |
| 10 Yr | N/A* | 0.8% | 31.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BBIN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.5% | 3.2% | 23.8% | 18.64% |
| 2022 | -14.3% | -43.6% | 144.8% | 29.04% |
| 2021 | 11.7% | -22.6% | 56.0% | 27.48% |
| 2020 | 7.9% | -89.7% | 1010.8% | 70.44% |
| 2019 | N/A | 4.3% | 38.8% | N/A |
BBIN - Holdings
Concentration Analysis
| BBIN | Category Low | Category High | BBIN % Rank | |
|---|---|---|---|---|
| Net Assets | 4.1 B | 3.3 M | 425 B | 20.98% |
| Number of Holdings | 771 | 1 | 10481 | 13.63% |
| Net Assets in Top 10 | 690 M | 1.01 M | 47.5 B | 27.87% |
| Weighting of Top 10 | 15.44% | 4.6% | 147.7% | 81.05% |
Top 10 Holdings
- Novo Nordisk A/S, Class B 2.62%
- ASML Holding NV 2.14%
- Nestle SA (Registered) 1.55%
- AstraZeneca plc 1.44%
- Shell plc 1.35%
- Novartis AG (Registered) 1.33%
- Toyota Motor Corp. 1.33%
- SAP SE 1.32%
- Roche Holding AG 1.31%
- LVMH Moet Hennessy Louis Vuitton SE 1.06%
Asset Allocation
| Weighting | Return Low | Return High | BBIN % Rank | |
|---|---|---|---|---|
| Stocks | 99.22% | 0.00% | 102.63% | 12.56% |
| Cash | 0.76% | 0.00% | 44.84% | 77.18% |
| Other | 0.02% | -2.12% | 69.93% | 34.92% |
| Preferred Stocks | 0.00% | -0.05% | 6.57% | 74.58% |
| Convertible Bonds | 0.00% | 0.00% | 4.18% | 47.16% |
| Bonds | 0.00% | 0.00% | 79.43% | 49.92% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BBIN % Rank | |
|---|---|---|---|---|
| Financial Services | 17.56% | 0.00% | 47.75% | 54.63% |
| Industrials | 15.38% | 5.17% | 99.49% | 38.46% |
| Healthcare | 13.56% | 0.00% | 20.35% | 27.47% |
| Consumer Cyclical | 10.38% | 0.00% | 36.36% | 46.47% |
| Consumer Defense | 10.24% | 0.00% | 32.29% | 35.32% |
| Technology | 8.13% | 0.00% | 36.32% | 86.50% |
| Basic Materials | 8.04% | 0.00% | 23.86% | 54.00% |
| Communication Services | 5.44% | 0.00% | 21.69% | 62.17% |
| Energy | 4.87% | 0.00% | 16.89% | 48.35% |
| Utilities | 3.45% | 0.00% | 13.68% | 26.37% |
| Real Estate | 2.94% | 0.00% | 14.59% | 22.92% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BBIN % Rank | |
|---|---|---|---|---|
| Non US | 99.10% | 0.00% | 99.44% | 1.38% |
| US | 0.12% | 0.00% | 102.01% | 93.72% |
BBIN - Expenses
Operational Fees
| BBIN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.07% | 0.01% | 19.62% | 96.32% |
| Management Fee | 0.07% | 0.00% | 1.65% | 7.70% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
| BBIN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| BBIN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| BBIN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 2.00% | 247.00% | N/A |
BBIN - Distributions
Dividend Yield Analysis
| BBIN | Category Low | Category High | BBIN % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.76% | 0.00% | 17.49% | 17.15% |
Dividend Distribution Analysis
| BBIN | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
| BBIN | Category Low | Category High | BBIN % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.85% | -0.93% | 6.38% | 3.92% |
Capital Gain Distribution Analysis
| BBIN | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Monthly | Semi-Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 24, 2024 | $0.263 | OrdinaryDividend |
| Jun 25, 2024 | $0.883 | OrdinaryDividend |
| Mar 19, 2024 | $0.199 | OrdinaryDividend |
| Dec 19, 2023 | $0.623 | OrdinaryDividend |
| Sep 19, 2023 | $0.223 | OrdinaryDividend |
| Jun 20, 2023 | $0.849 | OrdinaryDividend |
| Mar 21, 2023 | $0.126 | OrdinaryDividend |
| Dec 20, 2022 | $0.180 | OrdinaryDividend |
| Sep 20, 2022 | $0.166 | OrdinaryDividend |
| Jun 21, 2022 | $0.855 | OrdinaryDividend |
| Mar 22, 2022 | $0.202 | OrdinaryDividend |
| Dec 21, 2021 | $0.936 | OrdinaryDividend |
| Sep 21, 2021 | $0.327 | OrdinaryDividend |
| Jun 22, 2021 | $0.644 | OrdinaryDividend |
| Mar 23, 2021 | $0.204 | OrdinaryDividend |
| Dec 30, 2020 | $0.015 | OrdinaryDividend |
| Dec 22, 2020 | $0.249 | OrdinaryDividend |
| Sep 22, 2020 | $0.244 | OrdinaryDividend |
| Jun 23, 2020 | $0.012 | OrdinaryDividend |
| Mar 24, 2020 | $0.074 | OrdinaryDividend |
| Dec 30, 2019 | $0.046 | OrdinaryDividend |
BBIN - Fund Manager Analysis
Managers
Michael Loeffler
Start Date
Tenure
Tenure Rank
Dec 03, 2019
2.49
2.5%
Michael Loeffler, Vice President of JPMIA and a CFA charterholder. Mr. Loeffler has been employed by JPMIA since 1999 when he joined as an investment operations analyst.
Nicholas D’Eramo
Start Date
Tenure
Tenure Rank
Dec 03, 2019
2.49
2.5%
Nicholas D’Eramo, Executive Director, has been a portfolio manager for J.P. Morgan Investment Management Inc. since 2005 and an employee of J.P. Morgan Investment Management Inc. or one of its predecessors since 1999.
Alex Hamilton
Start Date
Tenure
Tenure Rank
Dec 03, 2019
2.49
2.5%
Mr. Hamilton has been a portfolio manager for JPMIM since April 2017. Prior to joining JPMIM, he was an assistant portfolio manager at the Ohio Public Employees Retirement System from 2013 until 2017. Before that time, he worked at Huntington National Bank in the corporate treasury and mortgage capital markets departments. Mr. Hamilton is a CFA charterholder.
Oliver Furby
Start Date
Tenure
Tenure Rank
Dec 03, 2019
2.49
2.5%
Oliver Furby, executive director, is a portfolio manager on J.P. Morgan Asset Management's Core Beta Solutions team based in Columbus. Oliver serves as a portfolio manager on the team's enhanced index strategies, as well as various market cap weighted index strategies across the globe. In addition, Oliver is a member of the J.P. Morgan Asset Management's Multi-Asset Solutions team managing the JPMorgan Investor funds. His responsibilities include index and corporate action analysis, quantitative research for equity and asset allocation products, and portfolio risk management. Prior to joining the group in 2014, he was a Data Analysis Manager for the firm. Prior to joining JPMorgan he was a Quantitative Portfolio Manager and Risk Manager at State Teachers Retirement System of Ohio. Oliver earned a B.A. in Mathematics and Economics from Ohio Wesleyan University and a M.A. in Economics from The Ohio State University. He is member of the Chicago Quantitative Alliance.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.35 | 6.35 | 3.25 |
