ETF Evaluator:
JPMorgan ActiveBuilders EM Eq ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Diversified Emerging Mkts Over the Last Year
| 114.0% | Nomura Focused Emerging Mrkts Eq ETF (EMEQ) |
| 81.0% | FT EM Human Flourishing ETF (FTHF) |
| 68.7% | First Trust Bloomberg Emr Mkt Dem ETF (EMDM) |
| 67.8% | Freedom 100 Emerging Markets ETF (FRDM) |
| 59.4% | Pacific NoS Global EM Equity Active ETF (GEME) |
Risk
Index
Risk
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ETF Details
JPMorgan ActiveBuilders EM Eq ETF Overview
JPMorgan ActiveBuilders EM Eq ETF (JEMA) is an actively managed International Equity Diversified Emerging Mkts exchange-traded fund (ETF). JPMorgan launched the ETF in 2021.
The investment seeks to provide long-term capital appreciation.
Under normal circumstances, the fund invests at least 80% of its assets in equity securities and equity-related instruments that are tied economically to emerging markets. The equity securities and equity-related instruments in which it may invest include, but are not limited to, common stock, participation notes or other structured notes, and other instruments that provide economic exposure to one or more equity securities. The fund may also use exchanged-traded futures for the efficient management of cash flows.
About JPMorgan ActiveBuilders EM Eq ETF (JEMA)
There are 3 members of the management team with an average tenure of 5.07 years: Anuj Arora (2021), Joyce Weng (2021) and Harold Yu (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI EM NR USD index with a weighting of 100%. JPMorgan ActiveBuilders EM Eq ETF has 526 securities in its portfolio. The top 10 holdings constitute 38.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
JPMorgan ActiveBuilders EM Eq ETF is part of the Equity global asset class and is within the International Equity ETF group. JPMorgan ActiveBuilders EM Eq ETF has 96.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.0% There is 96.6% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). JPMorgan ActiveBuilders EM Eq ETF has 2.4% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $3 billion average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
JEMA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The JPMorgan ActiveBuilders EM Eq ETF expense ratio is below average compared to funds in the Diversified Emerging Mkts category. JPMorgan ActiveBuilders EM Eq ETF has an expense ratio of 0.33%, which is 36% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. JPMorgan ActiveBuilders EM Eq ETF has a portfolio turnover rate of 42%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 44% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, JPMorgan ActiveBuilders EM Eq ETF returned -6.9%, which earned it a grade of F, as the Diversified Emerging Mkts category had an average return of -3.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
JPMorgan ActiveBuilders EM Eq ETF has a trailing yield of 2.41%, which is equal to the 2.41% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
JPMorgan ActiveBuilders EM Eq ETF Grades
Year to date, the ETF has returned 21.2%, 4.1 percentage points better than the category, which translates into a grade of B. The fund has returned 40.8% over the past year (grade of B), 19.1% over the past three years (grade of B) and 7.1% per year over the past five years (grade of D).
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JEMA Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JEMA Return (NAV) | -6.9% | 1.8% | 40.8% | 19.1% | 7.1% | na |
| JEMA Return (Price) | -7.2% | 0.6% | 41.0% | 18.7% | 6.8% | na |
| NAV +/- Price Return | 0.311% | 1.233% | -0.143% | 0.405% | 0.261% | na |
| Diversified Emerging Mkts Avg | -3.0% | 3.0% | 31.9% | 16.6% | 7.1% | 7.8% |
| JEMA Grade (NAV) | F | D | B | B | D | na |
| +/- Category (NAV) | -3.9% | -1.2% | 8.9% | 2.6% | -0.0% | na |
| JEMA Tax-Cost Ratio | na | na | 1.2% | 1.1% | 1.0% | na |
JEMA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JEMA Return (NAV) | 21.2% | 35.8% | 5.7% | 8.7% | -24.3% | na | na | na | na | na | na |
| JEMA Return (Price) | 20.9% | 34.9% | 5.7% | 9.8% | -25.0% | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.012% | -0.024% | -0.013% | 0.122% | 0.029% | na | na | na | na | na | na |
| Diversified Emerging Mkts Avg | 17.1% | 29.2% | 6.7% | 12.8% | -18.8% | 2.3% | 12.7% | 18.2% | -14.6% | 33.7% | 10.9% |
| JEMA Grade (NAV) | B | A | C | D | F | na | na | na | na | na | na |
| +/- Category | 4.1% | 6.5% | -0.9% | -4.0% | -5.5% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.05 |
| R-Squared: | 75% |
| Standard Deviation: | 16.7% |
| Category Risk Index: | 1.03 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.36 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 2.4% |
| Total Assets: | $ 1,626 Mil |
| Share Class Assets: | $ 1,626 Mil |
| Turnover: | 42.0% |
| Expense Ratio: | 0.33% |
| Index Fund: | No |
| Index Tracked: | MSCI EM NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 5.4 years | |||
| Average Tenure: 5.1 years | |||
| Managers (Year): Arora Anuj (2021), Weng Joyce (2021), Yu Harold (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 526 |
| % in Top 10 Holdings: | 38.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 96.6% |
Portfolio Allocation |
|
| Domestic Stock: | 1.0% |
| Foreign Stock: | 96.6% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | JPMorgan |
| Phone Number: | 844-457-6383 |
| Website: | jpmorganfunds.com |
| Inception Date: | March 10, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.33% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.52% |
