JPMorgan Active US Equity UCITS ETF (Dist)

Issuer: JPMorgan ETF

Asset Class: Equity

TER: 39bps

Trading Currency: USD

Pays Income: False

Listing Date: 25 Jan 2024

Ticker: JUSD

ISIN: IE0007ILCZU4

This investment vehicle offers a high-conviction, actively managed approach to the U.S. equity market. The core strategy is to achieve long-term capital growth by investing in a concentrated portfolio of what the managers identify as high-quality American companies. The selection process is driven by bottom-up, fundamental research, focusing on businesses that possess durable competitive advantages, strong management teams, and are trading at attractive valuations. This disciplined process aims to build a portfolio of market leaders capable of generating sustainable returns over a full market cycle, distinct from the broader passive index.

By holding a select number of securities, typically between 40 and 50, the fund provides a differentiated exposure compared to traditional market-cap-weighted indices. The investment team's flexibility allows them to allocate capital to their best ideas across various sectors, without being constrained by index weightings. This strategy is designed for investors seeking to outperform the broad U.S. market over the long term and who are willing to accept the potential for deviation from the benchmark. It serves as a core holding for those who believe in the value of active management and fundamental stock selection to uncover opportunities in the world's largest equity market.