ETF Evaluator:
JPMorgan Flexible Income ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Global Moderate Allocation Over the Last Year
| 27.3% | State Street® Multi-Asset Real Ret ETF (RLY) |
| 26.9% | VanEck Real Assets ETF (RAAX) |
| 19.1% | Cambria Global Asset Allocation ETF (GAA) |
| 17.0% | Global Moderate Allocation () |
| 16.9% | Arrow Dow Jones Global Yield ETF (GYLD) |
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ETF Details
JPMorgan Flexible Income ETF Overview
JPMorgan Flexible Income ETF (JFLI) is an actively managed Allocation Global Moderate Allocation exchange-traded fund (ETF). JPMorgan launched the ETF in 2025.
The investment seeks to maximize income while maintaining prospects for capital appreciation.
The fund has significant flexibility to achieve its investment objective and invests in a broad range of income-producing securities, including debt and equity securities in the U.S. and other markets throughout the world, both developed and emerging. The manager currently intends to gain exposure to debt securities principally through investments in underlying funds, including mutual funds and/or ETFs within the same group of investment companies (i.e., J.P. Morgan Funds).
About JPMorgan Flexible Income ETF (JFLI)
There are 3 members of the management team with an average tenure of 1.46 years: Michael Schoenhaut (2025), Eric Bernbaum (2025) and Gerhardt (Gary) Herbert (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
JPMorgan Flexible Income ETF has 628 securities in its portfolio. The top 10 holdings constitute 62.2% 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 Flexible Income ETF is part of the Allocation global asset class and is within the Allocation ETF group. JPMorgan Flexible Income ETF has 18.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 35.6% There is 14.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 34.7% (30.6% domestic bond, 4.1% foreign bond and 11.4% convertible bond). JPMorgan Flexible Income ETF has 3.4% of the portfolio in cash.
Assets Under Management
The fund has $47 million in total assets, which is below the $553 million average for the Global Moderate Allocation 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.
JFLI 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 Flexible Income ETF expense ratio is below average compared to funds in the Global Moderate Allocation category. JPMorgan Flexible Income ETF has an expense ratio of 0.35%, which is 55% lower than its category average, making the fund expense ratio grade a A. 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 Flexible Income ETF has a portfolio turnover rate of 13%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 35% for the Global Moderate Allocation category.
Recently, in the month of July 2026, JPMorgan Flexible Income ETF returned -1.7%, which earned it a grade of F, as the Global Moderate Allocation category had an average return of 0.4%. 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 Flexible Income ETF has a trailing yield of 6.64%, which is above the 4.27% category average.
The fund normally distributes its income monthly and its capital gains 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 Flexible Income ETF Grades
Year to date, the ETF has returned 8.5%, 0.5 percentage points better than the category, which translates into a grade of B. The fund has returned 16.3% over the past year (grade of C).
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JFLI 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 |
|
| JFLI Return (NAV) | -1.7% | 2.3% | 16.3% | na | na | na |
| JFLI Return (Price) | -1.7% | 2.3% | 16.6% | na | na | na |
| NAV +/- Price Return | -0.058% | -0.018% | -0.340% | na | na | na |
| Global Moderate Allocation Avg | 0.4% | 0.2% | 17.0% | 12.6% | 7.4% | 6.9% |
| JFLI Grade (NAV) | F | A | C | na | na | na |
| +/- Category (NAV) | -2.1% | 2.2% | -0.7% | na | na | na |
| JFLI Tax-Cost Ratio | na | na | 3.2% | na | na | na |
JFLI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JFLI Return (NAV) | 8.5% | na | na | na | na | na | na | na | na | na | na |
| JFLI Return (Price) | 8.6% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.006% | na | na | na | na | na | na | na | na | na | na |
| Global Moderate Allocation Avg | 8.0% | 16.9% | 9.2% | 10.4% | -9.2% | 16.1% | 0.1% | 16.9% | -7.9% | 12.9% | 10.8% |
| JFLI Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.5% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 6.6% |
| Total Assets: | $ 48 Mil |
| Share Class Assets: | $ 48 Mil |
| Turnover: | 13.0% |
| Expense Ratio: | 0.35% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.5 years | |||
| Average Tenure: 1.5 years | |||
| Managers (Year): Schoenhaut Michael (2025), Bernbaum Eric (2025), Herbert Gerhardt (Gary) (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 628 |
| % in Top 10 Holdings: | 62.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 18.9% |
Portfolio Allocation |
|
| Domestic Stock: | 35.6% |
| Foreign Stock: | 14.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 30.6% |
| Foreign Bond: | 4.1% |
| Convertible Bond: | 11.4% |
| Other: | 0.0% |
| Cash: | 3.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | JPMorgan |
| Phone Number: | 844-457-6383 |
| Website: | jpmorganfunds.com |
| Inception Date: | February 12, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.78% |
