JPEF vs. QLTY ETF Comparison

Comparison of JPMorgan Equity Focus ETF (JPEF) to GMO U.S. Quality ETF (QLTY)

JPEF

JPMorgan Equity Focus ETF

JPEF Description

Under normal circumstances, the fund invests at least 80% of its assets in equity securities. "Assets" means net assets, plus the amount of borrowings for investment purposes. In implementing its main strategies, the fund invests primarily in common stocks and real estate investment trusts (REITs), but it may also invest up to 20% of its total assets in common stocks of foreign companies, including depositary receipts.

Grade (RS Rating)

Last Trade

$66.06

Average Daily Volume

75,446

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QLTY

GMO U.S. Quality ETF

QLTY Description

QLTY seeks total return by investing in US companies deemed high quality. These companies are defined as having established businesses capable of delivering substantial returns on past investments, utilizing cash flows for high-return investments, or returning cash to shareholders through dividends or share buybacks. The investment strategy combines systematic factors like profitability and leverage, alongside judgmental factors such as assessments of future profitability and growth prospects. It may also use various valuation methodologies, including discounted cash flow analysis and multiples of price-to-earnings, revenues, book values, or other fundamental metrics, to acquire underrated stocks. Additionally, the fund may invest in other ETFs. The fund may also invest in the GMO U.S. Treasury Fund, and money market funds. Investment decisions are not constrained by portfolio turnover rates or benchmark considerations.

Grade (RS Rating)

Last Trade

$31.86

Average Daily Volume

254,811

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JPEF	QLTY
30 Days	0.64%	-1.48%
60 Days	7.07%	2.77%
90 Days	11.21%	7.24%
12 Months	37.02%

12 Overlapping Holdings

Symbol	Grade	Weight in JPEF	Weight in QLTY	Overlap
AAPL	C	3.63%	5.31%	3.63%
AMZN	A	5.51%	2.31%	2.31%
AVGO	B	3.02%	2.13%	2.13%
ISRG	A	1.57%	2.75%	1.57%
LLY	F	1.84%	1.67%	1.67%
LRCX	F	0.45%	3.02%	0.45%
META	B	4.76%	4.38%	4.38%
MSFT	D	6.55%	6.6%	6.55%
PG	D	2.49%	3.24%	2.49%
TJX	D	1.17%	2.44%	1.17%
TMO	D	1.29%	0.99%	0.99%
UNH	D	2.1%	3.62%	2.1%

JPEF Overweight 28 Positions Relative to QLTY

Symbol	Grade	Weight
NVDA	B	6.2%
KMI	A	3.29%
COF	A	3.02%
BRK.A	D	2.96%
L	D	2.78%
MTB	B	2.7%
EOG	F	2.63%
MA	B	2.48%
TT	B	2.39%
BAC	B	2.38%
PSA	D	2.22%
MCD	D	2.22%
NEE	D	2.12%
MS	B	2.11%
GOOG	B	2.11%
HD	B	2.05%
PANW	B	2.02%
HON	B	1.94%
ADI	C	1.89%
REGN	F	1.87%
INTU	D	1.83%
REG	B	1.82%
PWR	A	1.6%
PKG	A	1.54%
MLM	B	1.45%
BKNG	A	1.32%
EL	F	1.29%
JBHT	B	0.91%

JPEF Underweight 22 Positions Relative to QLTY

Symbol	Grade	Weight
ORCL	B	-4.91%
JNJ	D	-4.15%
GOOGL	B	-4.14%
ABT	B	-3.6%
TXN	B	-3.46%
KO	D	-3.43%
ACN	C	-3.27%
KLAC	F	-3.21%
ELV	F	-3.1%
V	A	-2.95%
CRM	B	-2.58%
MRK	F	-2.58%
ARMK	B	-2.53%
OTIS	B	-2.3%
USB	B	-2.11%
HLT	B	-2.08%
WFC	B	-2.06%
GE	D	-1.86%
MDLZ	F	-1.78%
STZ	F	-1.7%
CI	D	-1.58%
DGX	B	-1.3%