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Beacon

JMEEJPMorgan Small & Mid Cap Enhanced Equity ETF

Grow my money27y track recordRanked #229 of 2,960 in this goal

Seeks to correspond to or exceed the total return performance of the small- and mid-cap equity markets index.

By JPMorgan · Launched 1998

Annual Cost

0.24%

#1,152 of 5,562 · low cost

Fund Size

$2.7B

#620 of 5,562 · large

Return (1Y)Goal

+34.4%

Track Record

27 years

#47 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$13,410+34.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Cap

Mid

Strategy

Index enhanced

Index tracked

S&P 1000 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 12.6% of fund✓ well diversified

JPMorgan Securities Lending Money Market Fund
5.2%
JPMorgan U.S. Government Money Market Fund
2.0%
Coherent Corp.
0.9%
Lumentum Holdings, Inc.
0.7%
Ciena Corp.
0.7%
United Therapeutics Corp.
0.7%
Twilio, Inc.
0.6%
Woodward, Inc.
0.6%
nVent Electric plc
0.6%
MasTec, Inc.
0.5%

Asset allocation

Stocks
96.9%
Cash
3.1%

By sector

Industrials
20.9%
Technology
18.3%
Financial Services
15.3%
Consumer Cyclical
11.9%
Healthcare
8.9%
Real Estate
7.6%
Energy
5.0%
Basic Materials
4.7%
Other
7.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
16.2%Moderate

Year-on-year price swings

Max drawdown
-25.4%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.75Decent risk-adjusted returns
Sortino (3Y)
1.12Good downside protection

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to correspond to or exceed the total return performance of the small- and mid-cap equity markets index.
Strategy
Invests primarily in equity securities of small- and mid-cap companies, holding at least 80% of assets in stocks from the S&P 1000 Index. Uses an enhanced index strategy to seek modestly higher returns than the index, with potential sector and stock weight deviations.
Inception date
July 31, 1998
Fund family
JPMorgan

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing
Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²
98.4%
TE
2.3%
Beta
1.00
Fee
3× 0.09%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=index_enhanced + high_r_squared+low_tracking_error+near_market_beta+fee_premium

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19