ETF Evaluator:
JPMorgan Realty Income ETF ()
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(as of Aug 26)
Best Performing in Real Estate Over the Last Year
| 46.1% | Global X Data Center & Dgtl Infrs ETF (DTCR) |
| 31.7% | Invesco KBW Premium Yield Eq REIT ETF (KBWY) |
| 25.7% | State Street® SPDR® Dow Jones® REIT ETF (RWR) |
| 25.5% | Janus Henderson US Real Estate ETF (JRE) |
| 25.3% | ALPS REIT Dividend Dogs ETF (RDOG) |
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ETF Details
JPMorgan Realty Income ETF Overview
JPMorgan Realty Income ETF (JPRE) is an actively managed Sector Equity Real Estate exchange-traded fund (ETF). JPMorgan launched the ETF in 1997.
The investment seeks to provide high total investment return through a combination of capital appreciation and current income.
The fund seeks to achieve its objective by investing substantially all of its assets, and in any event under normal circumstances at least 80% of its net assets (plus the amount of any borrowings for investment purposes), in equity securities of real estate investment trusts (REITs), including REITs with relatively small market capitalizations. It may invest in both equity REITs and mortgage REITs. The fund is non-diversified.
About JPMorgan Realty Income ETF (JPRE)
There are 3 members of the management team with an average tenure of 9.57 years: Scott Blasdell (2017), Jason Ko (2009) and Nicholas Turchetta (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) index with a weighting of 100% and FTSE Nareit All Equity REITs TR USD index with a weighting of 100%. JPMorgan Realty Income ETF has 39 securities in its portfolio. The top 10 holdings constitute 63.7% 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 Realty Income ETF is part of the Equity global asset class and is within the Sector Equity ETF group. JPMorgan Realty Income ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.5% There is 0.0% 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 Realty Income ETF has 2.5% of the portfolio in cash.
Assets Under Management
The fund has $488 million in total assets, which is below the $1 billion average for the Real Estate 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.
JPRE 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 Realty Income ETF expense ratio is average compared to funds in the Real Estate category. JPMorgan Realty Income ETF has an expense ratio of 0.50%, which is 2% higher 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 Realty Income ETF has a portfolio turnover rate of 113%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the Real Estate category.
Recently, in the month of July 2026, JPMorgan Realty Income ETF returned 2.6%, which earned it a grade of A, as the Real Estate category had an average return of 1.2%. 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 Realty Income ETF has a trailing yield of 2.20%, which is below the 4.13% category average.
The fund normally distributes its income quarterly 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 Realty Income ETF Grades
Year to date, the ETF has returned 15.5%, 0.8 percentage points better than the category, which translates into a grade of C. The fund has returned 16.3% over the past year (grade of D), 10.1% over the past three years (grade of B) and 3.6% per year over the past five years (grade of B) and 5.3% per year over the past 10 years (grade of B).
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JPRE 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 |
|
| JPRE Return (NAV) | 2.6% | 3.7% | 16.3% | 10.1% | 3.6% | 5.3% |
| JPRE Return (Price) | 2.6% | 3.9% | 16.5% | 10.1% | 3.6% | 5.3% |
| NAV +/- Price Return | -0.038% | -0.124% | -0.159% | -0.042% | -0.015% | -0.007% |
| Real Estate Avg | 1.2% | 3.6% | 17.3% | 9.2% | 2.8% | 4.3% |
| JPRE Grade (NAV) | A | C | D | B | B | B |
| +/- Category (NAV) | 1.4% | 0.1% | -1.0% | 0.8% | 0.8% | 0.9% |
| JPRE Tax-Cost Ratio | na | na | 1.0% | 1.0% | 2.4% | 2.2% |
JPRE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JPRE Return (NAV) | 15.5% | 1.5% | 7.4% | 13.3% | -24.9% | 40.9% | -3.7% | 30.3% | -7.0% | 4.2% | 4.5% |
| JPRE Return (Price) | 15.7% | 1.4% | 7.4% | 13.4% | -25.0% | 40.9% | -3.7% | 30.3% | -7.0% | 4.2% | 4.5% |
| NAV +/- Price Ret | 0.010% | -0.095% | 0.004% | 0.010% | 0.002% | 0.000% | 0.000% | 0.0% | 0.0% | 0.0% | 0.0% |
| Real Estate Avg | 14.7% | 2.2% | 5.1% | 11.8% | -25.5% | 37.6% | -8.2% | 26.9% | -4.5% | 8.2% | 10.1% |
| JPRE Grade (NAV) | C | D | B | B | B | C | B | A | F | D | D |
| +/- Category | 0.8% | -0.7% | 2.3% | 1.5% | 0.6% | 3.3% | 4.5% | 3.4% | -2.6% | -4.0% | -5.6% |
| Risk Measures | |
| Beta: | 0.84 |
| R-Squared: | 50% |
| Standard Deviation: | 14.9% |
| Category Risk Index: | 0.87 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.22 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 2.2% |
| Total Assets: | $ 488 Mil |
| Share Class Assets: | $ 488 Mil |
| Turnover: | 113.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 16.9 years | |||
| Average Tenure: 9.6 years | |||
| Managers (Year): Ko Jason (2009), Blasdell Scott (2017), Turchetta Nicholas (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 39 |
| % in Top 10 Holdings: | 63.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 97.5% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | JPMorgan |
| Phone Number: | 844-457-6383 |
| Website: | jpmorganfunds.com |
| Inception Date: | December 31, 1997 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.49% |
