JPMorgan BetaBuilders Japan
ALTAR
Score™
7.8% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.1x P/Sales
ratio
0.8x
P/BV
ratio
1.3x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Seeks investment results that closely correspond to the Morningstar Japan Target Market Exposure Index.

FUND BASICS
Category international Equities
Fund Sponsor JPMorgan
Website am.jpmorgan.com
Inception date Jun 15, 2018
Assets (mns) $4,554
Currency USD
Expense ratio 19 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 376
Wgt avg mkt cap (mns) $34,473
Large cap (>$10bn) 72.4%
Mid cap ($2-10bn) 27.1%
Small cap (<$2bn) 0.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 4.5 %
SONY CORP 1.9 %
MITSUBISHI UFJ FINANCIAL GRO 1.7 %
TAKEDA PHARMACEUTICAL CO LTD 1.6 %
KEYENCE CORP 1.6 %
SOFTBANK GROUP CORP. 1.5 %
RECRUIT HOLDINGS CO LTD 1.4 %
HONDA MOTOR CO LTD 1.3 %
SUMITOMO MITSUI FINANCIAL GR 1.2 %
KDDI CORPORATION 1.1 %
Total 17.8 %

TOP COUNTRY EXPOSURE
JAPAN 98.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
17.9% 9.3% -- -- 2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.77 76%
MSCI EAFE 0.98 85%
MSCI Emg. Mkts. 0.75 70%

Technical Indicators
Recent close $25.13
30d moving avg. $24.90
Annualized volatility 14.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 668
Turnover 0.4%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $16,902

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the JPMorgan BetaBuilders Japan ETF based on the alternatives' overlap in portfolio holdings with BBJP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BBJP Expense: 19 bp ALTAR Score™: 7.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BBJP
Ticker Fund
Name
Overlap1
vs BBJP
(%)
Expense
ratio
(bp)
Savings
vs BBJP
(bp)
ALTAR
Score™
(%)
ALTAR
vs BBJP
(%)
EWJ iShares MSCI Japan 93.1 47 -28 7.6 -0.2
HFXJ IQ 50 Percent Hedged FTSE Japan 92.3 30 -11 7.7 -0.1
DBJP Xtrackers MSCI Japan Hedged 92.1 45 -26 7.6 -0.2
FLJP Franklin FTSE Japan 91.4 9 10 7.9 +0.2
QJPN SPDR MSCI Japan Quality Mix 91.3 14 5 7.9 +0.1
FLJH Franklin FTSE Japan Hedged 90.8 9 10 8.0 +0.2
JPN Xtrackers Japan JPX-Nikkei 400 Equity 84.5 9 10 7.9 +0.2
JPXN iShares JPX-Nikkei 400 84.4 48 -29 7.5 -0.2
GSJY Goldman Sachs ActiveBeta Japan Equity 77.7 25 -6 7.6 -0.2
IPAC iShares Core MSCI Pacific 59.3 9 10 7.4 -0.4
EWJE iShares MSCI Japan Equal Weighted 56.7 15 4 7.2 -0.6
DXJ WisdomTree Japan Hedged Equity 56.3 48 -29 8.6 +0.8
VPL Vanguard Pacific ETF 50.3 9 10 7.7 -0.1
EWJV iShares MSCI Japan Value 49.8 15 4 9.9 +2.2
JPMV iShares MSCI Japan Min Volatility 47.0 30 -11 6.6 -1.1
SCIJ Global X Scientific Beta Japan 45.9 39 -20 6.9 -0.9
RFAP First Trust Riverfront Dynamic Asia Pacific 42.6 83 -64 7.2 -0.6
IVLU iShares MSCI Int'l Developed Value Factor 36.6 30 -11 10.2 +2.5
REFA Invesco International Revenue ETF 32.2 42 -23 8.7 +0.9
ISZE iShares MSCI Int'l Developed Size Factor 29.7 30 -11 6.7 -1.1

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
JPMorgan BetaBuilders Japan
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.5 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.63
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.