At a glance
JIVE charges 0.55% a year, above the 0.28% average of the 3 funds most like it (the most expensive of 4). It has $3.49B in assets, the 3rd largest of that group; it paid 2.45% of its price in distributions over the past 12 months, semiannual. Over the past year it returned +26.2% with distributions reinvested (S&P 500: +11.5%), the best of those 4 funds; over three years it returned +29.8% a year. Its ten largest positions make up 16.5% of the fund, out of 356 in all.
The short version
JPMorgan International Value ETF (JIVE) is an actively managed fund that picks bargain-priced stocks outside the US, in both developed and emerging markets. It keeps its region and sector mix broadly similar to the MSCI ACWI ex USA Value Index. Its 0.55% expense ratio is about double the 0.28% average of similar funds. Even so, its 1-year and 3-year returns ranked first among those funds as of October 27, 2026.
Price history
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JIVE +26.2% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| JIVE official prospectus, to Dec 31, 2025 | — | +50.12% | — | — | — | +28.33% |
| JIVE price data to Oct 27, 2026 | +17.4% | +26.2% | +29.8% | — | — | +26.1% |
- Over the year to Oct 27, 2026, JIVE returned +26.2%, 1st of 4 among similar funds.
- Its worst full calendar year was 2024 (+11.2%); its best was 2025 (+49.8%).
- The deepest fall in its price history was 13.8% (Mar 18, 2025 to Apr 8, 2025), recovered by Apr 29, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +17.4% | — |
| 2025 | +49.8% | +50.12% |
| 2024 | +11.2% | +10.94% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $2.3100 | +69.9% |
| 2024 | $1.3600 |
What's inside
As of Jul 31, 2026, the fund held 356 securities; the ten largest made up 16.54% of assets, and 2.82% sat in cash and money-market holdings.
| Holding | Weight | |
|---|---|---|
| Samsung Electronics Co. Ltd. | 3.39% | |
| HSBC Holdings plc | 2.00% | |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 1.94% | |
| Nestle SA | 1.59% | |
| Shell plc | 1.52% | |
| Mitsubishi UFJ Financial Group, Inc. | 1.36% | |
| Roche Holding AG | 1.36% | |
| Novartis AG | 1.19% | |
| Toronto-Dominion Bank (The) | 1.10% | |
| Royal Bank of Canada | 1.09% | |
| Allianz SE | 1.07% | |
| TotalEnergies SE | 0.99% | |
| Banco Bilbao Vizcaya Argentaria SA | 0.91% | |
| Sumitomo Mitsui Financial Group, Inc. | 0.89% | |
| Banco Santander SA | 0.80% |
By country
Japan 12.87%United Kingdom 9.22%South Korea 8.19%Canada 7.62%France 6.47%By asset type
Stocks 97.81%What changed recently
- Over the three months to Jul 31, 2026, investors added a net $1.01B (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +2.81%, -0.94%, +4.30%.
How it works
JIVE does not track an index. JPMorgan's managers choose the stocks. They buy shares of foreign companies, including foreign subsidiaries of US companies, in both developed and emerging markets. Over time they aim to keep regional and sector weights close to the MSCI ACWI ex USA Value Index, but they can move away from it. From June 1, 2026, at least 80% of assets must be in value companies. These are stocks the adviser sees as cheap compared with the company's sales, earnings, assets and invested capital.
Stock picking starts with quantitative and behavioral screens. These rest on the adviser's view that investors make predictable mistakes that leave some stocks mispriced. Analysts then try to separate sound businesses from stocks that are cheap for a good reason. Environmental, social and governance (ESG) issues are weighed as financial risks, not used as strict exclusion rules. As of July 31, 2026, the fund held 356 issuers, and the top 10 made up 16.5% of assets. There is no fixed rebalancing schedule. Holdings are sold when the managers' conviction or a company's fundamentals change. Turnover was 46%.
The fund usually keeps full exposure to foreign currencies, so a stronger dollar can lower returns. It may hedge part of that exposure with currency forwards. It can also use index futures and ETFs to manage cash. Some Chinese holdings may use variable interest entity (VIE) structures. In a VIE, investors own a shell company tied to the business by contract, not the business itself.
What it really costs
- JIVE charges 0.55% a year, versus an average of 0.28% for the similar funds below (4th of 4, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $56 in the first year and $689 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| JIVE | $56 | $176 | $307 | $689 |
In a retirement portfolio
It adds non-US value stocks, from Japanese banks to Korean and Taiwanese chipmakers, to portfolios that are often dominated by US growth companies.
JIVE launched in September 2023, so it has no record through the 2008, 2020 or 2022 downturns. Its deepest drop was 13.8%, from March 18 to April 8, 2025, and it recovered by April 29, 2025, in less than a month. Its weakest calendar year, 2024, still returned 10.94%. Its worst quarter was a 5.85% loss at the end of 2024. That calm stretch is short. A retiree who needs to sell shares in a real bear market could face much bigger losses than this history shows. Income is modest. The yield was 2.45% as of October 27, 2026, paid twice a year. Cost is the main drawback. In the SEC's standard example, $10,000 would incur about $689 in costs over 10 years. Past results don't predict future returns, and a retirement plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors with mostly US stocks who want active exposure to cheaper foreign companies such as HSBC, Shell, Nestle and Japanese banks.
- Those comfortable with some emerging-market exposure, including South Korea at 8.19% of assets and Taiwan Semiconductor, inside an international value fund.
- Investors willing to pay 0.55% for a manager-picked portfolio rather than a lower-cost rules-based value index fund.
Look elsewhere if
- Cost-focused investors: similar funds such as AVIV at 0.25% and DFIV at 0.27% charge about half as much.
- Retirees who need steady monthly income; JIVE pays twice a year and yielded 2.45% as of October 27, 2026.
- Investors who want a long track record; the fund launched in September 2023 and has not been through a major bear market.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
Net assets from each fund's latest N-PORT or annual report where available. Returns through Oct 27, 2026.Questions investors ask
Is JIVE good for retirement income?
JIVE is not built mainly for income. Its objective is long-term capital growth. The trailing yield was 2.45% as of October 27, 2026, and the fund pays dividends twice a year, not monthly. Many of its largest holdings, such as HSBC, Shell, Nestle and Canadian banks, are dividend payers, but the fund does not pick stocks for yield. Retirees who rely on regular paychecks from their portfolio may find the semiannual schedule hard to plan around.
What's the difference between JIVE and EFV?
JIVE is actively managed by JPMorgan and charges 0.55%. The iShares MSCI EAFE Value ETF (EFV) charges 0.33% and had about $29.1 billion in net assets as of July 31, 2026, against JIVE's $3.5 billion. The two funds share about 40% of their holdings. JIVE can also buy emerging-market stocks, and its top holdings include Samsung and Taiwan Semiconductor. JIVE returned 26.2% over one year as of October 27, 2026, compared with 21.5% for EFV as of October 29, 2026.
Does JIVE pay monthly dividends?
No. JIVE pays dividends semiannually, which means twice a year. Over the 12 months to October 27, 2026, it paid about $2.31 per share, a trailing yield of 2.45%. Payouts from foreign stocks can vary from year to year because company dividends change and because currency moves affect their value once converted into US dollars. The fund usually keeps full foreign-currency exposure, so a stronger dollar can shrink payouts.
What is JIVE's expense ratio?
JIVE's expense ratio is 0.55%, according to the prospectus filed February 25, 2026, and there is no fee waiver. That is the highest among its three closest peers, which average 0.28%. Avantis International Large Cap Value (AVIV) charges 0.25%, Dimensional International Value (DFIV) charges 0.27%, and EFV charges 0.33%. In the SEC's standard example, a $10,000 investment earning 5% a year would cost about $56 in the first year and $689 over 10 years.
What are JIVE's top holdings?
As of July 31, 2026, JIVE's largest holdings were Samsung Electronics (3.4%), HSBC (2.0%), Taiwan Semiconductor (1.9%), Nestle (1.6%), Shell (1.5%) and Mitsubishi UFJ Financial Group (1.4%). The fund held 356 issuers, and the top 10 made up only 16.5% of assets, so no single stock dominates. Japan was the largest country at 12.9%, followed by the United Kingdom, South Korea, Canada, France and Switzerland.