JPMorgan Active Developing Markets Equity ETF

JPMorgan Active Developing Markets Equity ETF (JADE) is an actively managed fund. Its managers pick stocks in emerging markets (developing economies) such as Taiwan, South Korea and China, for investors who want research-driven choices instead of an index. That approach costs 0.65% a year, well above the 0.06% average of six similar funds. The fund is also the smallest of the group, with $30.5 million in assets as of July 31, 2026.

• Over the year to Oct 27, 2026, JADE returned +18.5%, 1st of 7 among similar funds.
• Its worst full calendar year was 2025 (+38.5%); its best was 2025 (+38.5%).
• The deepest fall in its price history was 16.7% (Oct 7, 2024 to Apr 8, 2025), recovered by May 12, 2025.

As of Jul 31, 2026, the fund held 132 securities; the ten largest made up 36.14% of assets.

• Over the three months to Jul 31, 2026, investors added a net $0.00 (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +7.10%, +1.05%, -4.27%.

JADE does not track an index. JPMorgan's managers keep at least 80% of assets in stocks and similar instruments tied to emerging markets. That means most countries outside the U.S., Canada, Japan, Australia, New Zealand, Singapore, Israel, the U.K., Hong Kong and most of Western Europe. A company qualifies if it is based or mainly traded there, or earns at least 50% of its revenue or profits there.

Stock picking comes first and country weights second (bottom-up selection). Local analysts rank companies on expected medium-term returns and longer-term business quality. Portfolio managers choose from those rankings, mixing growth companies that compound earnings with cheaper, dividend-paying value stocks. ESG (environmental, social and governance) factors are weighed but don't automatically exclude a stock. Turnover, the share of the portfolio replaced in a year, was 30%.

JADE may use depositary receipts (certificates representing foreign shares), participation notes, futures and currency forwards that can hedge some foreign currency back to the dollar. It held no derivatives as of July 31, 2026. Some Chinese holdings rely on variable interest entity (VIE) structures: contracts that stand in for direct ownership but aren't formally recognized under Chinese law. JADE generally settles share creations and redemptions in cash rather than by swapping stocks, so it may have to realize taxable gains that many ETFs avoid.

• JADE charges 0.65% a year, versus an average of 0.06% for the similar funds below (7th of 7, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $66 in the first year and $810 over 10 years (assuming a 5% annual return).

Its active stock picking, 0.65% fee, short history since May 2024 and heavy weighting in Taiwan and South Korea make it a better fit for a modest add-on than for a portfolio's core.

JADE could add developing-market companies that U.S.-focused portfolios often lack, led by Taiwan Semiconductor and Samsung Electronics. It launched May 16, 2024, so it missed the 2008 financial crisis, the 2020 COVID crash and the 2022 bear market. Its only full calendar year, 2025, returned 38.19%. Its deepest drop was 16.7%, from October 7, 2024, to April 8, 2025, and it regained that peak by May 12, 2025. A harsher slump could cut deeper and last longer. That is a risk for anyone who may need to cash out shares in a bad year.

JADE pays income once a year, with a trailing 12-month yield of 1.96% as of October 27, 2026. Costs are high: the SEC's standard example, assuming 5% annual returns, puts expenses on $10,000 at $810 over 10 years. Past results don't predict future returns, and a plan should weigh the whole portfolio, not one fund.

Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).