ETF Evaluator: JPMorgan Small & Mid Cap Enh Eq ETF () Follow This ETF

JPMorgan Small & Mid Cap Enh Eq ETF Overview

JPMorgan Small & Mid Cap Enh Eq ETF (JMEE) is an actively managed U.S. Equity Small Blend exchange-traded fund (ETF). JPMorgan launched the ETF in 1998.

The investment seeks to provide investment results that correspond to or incrementally exceed the total return performance of the S&P 1000 Index that tracks the performance of the small- and mid-capitalization equity markets. Under normal circumstances, the fund will hold at least 80% of its assets in stocks in the index. The index is an index which includes stocks of small- and mid-capitalization companies. The fund may use futures contracts to gain or reduce exposure to its index, maintain liquidity and minimize transaction costs.

About JPMorgan Small & Mid Cap Enh Eq ETF (JMEE)

There are 4 members of the management team with an average tenure of 7.67 years: Phillip Hart (2013), Wonseok Choi (2019), Akash Gupta (2019) and Robert Ippolito (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P Composite 1500 TR USD index with a weighting of 100% and S&P 1000 TR index with a weighting of 100%. JPMorgan Small & Mid Cap Enh Eq ETF has 658 securities in its portfolio. The top 10 holdings constitute 9.4% 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 Small & Mid Cap Enh Eq ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. JPMorgan Small & Mid Cap Enh Eq ETF has 1.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.5% There is 1.4% allocated to foreign stock, and 0.0% 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 Small & Mid Cap Enh Eq ETF has 4.1% of the portfolio in cash.

Assets Under Management

The fund has $2 billion in total assets, which is below the $4 billion average for the Small Blend 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.

JMEE 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 Small & Mid Cap Enh Eq ETF expense ratio is below average compared to funds in the Small Blend category. JPMorgan Small & Mid Cap Enh Eq ETF has an expense ratio of 0.24%, which is 43% 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 Small & Mid Cap Enh Eq ETF has a portfolio turnover rate of 37%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 50% for the Small Blend category.

Recently, in the month of July 2026, JPMorgan Small & Mid Cap Enh Eq ETF returned -2.3%, which earned it a grade of C, as the Small Blend category had an average return of -2.1%. 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 Small & Mid Cap Enh Eq ETF has a trailing yield of 0.95%, which is below the 1.17% category average. The fund normally distributes its income annually 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 Small & Mid Cap Enh Eq ETF Grades

Year to date, the ETF has returned 18.6%, 0.6 percentage points better than the category, which translates into a grade of C. The fund has returned 28.5% over the past year (grade of C), 14.6% over the past three years (grade of B) and 9.7% per year over the past five years (grade of A) and 11.1% per year over the past 10 years (grade of B).

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