On Thursday, J.P. Morgan Asset Management launched its latest fund, the JPMorgan Dividend Leaders ETF (JDIV ).
JDIV has a net expense ratio of 0.47%. The fund intends to offer capital growth and current income over the long term for its investors.
As the fund’s name implies, JDIV focuses investments toward dividend-paying equity securities, along with equity-related instruments. In particular, the fund focuses on companies that JPMorgan deems to be leaders in growing and maintaining strong dividend payouts.
Through searching for dividend leaders, JDIV invests in issuers across the globe. These can include both developed and emerging markets.
Securities the fund may choose can be denominated in a wide variety of currencies. However, the fund prospectus notes that a significant portion of JDIV’s foreign investments will be denominated in foreign currencies.
A wide variety of equity securities may sit within JDIV’s portfolio. Eligible equity securities and equity-related instruments include stocks, ETFs, IPOs, depositary receipts, and privately placed securities, among many other options.
Primarily, the fund intends to hold securities tied to large-cap companies. That said, JDIV may also invest toward mid- and small-cap securities.
“Following the Fed’s rate in mid-September, we believe many advisors are rethinking how they are providing stable income for client portfolios,” said Todd Rosenbluth, head of research at VettaFi. “We expect dividend strategies to get closer looks in the fourth quarter. It’s great to see JPMorgan expand its lineup to support advisors.”
JPMorgan has an extensive library of ETFs available within the United States. One of the largest JPMorgan income-focused funds, the JPMorgan NASDAQ Equity Premium Income ETF (JEPQ ), has over $16 billion in assets under management.
For more news, information, and analysis, visit VettaFi | ETFDB.
