ETF Evaluator: JPMorgan Managed Futures Plus ETF () Follow This ETF

JPMorgan Managed Futures Plus ETF Overview

JPMorgan Managed Futures Plus ETF (JPFP) is an actively managed Alternative Multi-Asset Overlay exchange-traded fund (ETF). JPMorgan launched the ETF in 2026.

The investment seeks to provide capital appreciation. The fund seeks to achieve its investment objective by investing in and combining the benefits of two investment strategies: an active, managed futures strategy (Managed Futures Strategy) and a U.S. equity strategy (U.S. Equity Strategy). It is non-diversified.

About JPMorgan Managed Futures Plus ETF (JPFP)

There are 4 members of the management team with an average tenure of 0.18 years: Yazann Romahi (2026), Wei (Victor) Li (2026), Kartik Aiyar (2026) and Garrett Norman (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

JPMorgan Managed Futures Plus ETF has 445 securities in its portfolio. The top 10 holdings constitute 48.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

JPMorgan Managed Futures Plus ETF is part of the Alternative Strategies global asset class and is within the Alternative ETF group. JPMorgan Managed Futures Plus ETF has 0.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 59.8% There is 0.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.8% (0.5% domestic bond, 0.3% foreign bond and 0.0% convertible bond). JPMorgan Managed Futures Plus ETF has 19.7% of the portfolio in cash.

Assets Under Management

The fund has $33 million in total assets, which is below the $225 million average for the Multi-Asset Overlay 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.

JPFP 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 Managed Futures Plus ETF expense ratio is average compared to funds in the Multi-Asset Overlay category. JPMorgan Managed Futures Plus ETF has an expense ratio of 0.59%, which is 17% lower than its category average, making the fund expense ratio grade a C. 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 Managed Futures Plus ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 86% for the Multi-Asset Overlay category.

Recently, in the month of July 2026, JPMorgan Managed Futures Plus ETF returned 1.3%, which earned it a grade of A, as the Multi-Asset Overlay category had an average return of -0.7%. 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 Managed Futures Plus ETF has a trailing yield of 0.00%, which is below the 2.20% 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.

For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about JPMorgan Managed Futures Plus ETF, including its riskiness, submit your email to unlock the rest of the article.