JPMorgan U.S. Momentum Factor ETF

JPMorgan U.S. Momentum Factor ETF (JMOM) is an index fund that holds large and mid-sized U.S. stocks with the strongest 12-month gains, adjusted for price swings, compared with others in their sector. It spreads money across many stocks. As of July 31, 2026, its 10 largest holdings made up about 18% of assets. It charges 0.12% a year, more than S&P 500 funds such as VOO at 0.03%.

• Over the year to Oct 27, 2026, JMOM returned +18.7%, 2nd of 9 among similar funds.
• Its 5-year annualized return was +12.9%.
• In the 2020 COVID crash it fell 34.3% and regained its old high 3.9 months after the low.
• Its worst full calendar year was 2022 (-20.8%); its best was 2020 (+29.2%).
• The deepest fall in its price history was 34.3% (Feb 19, 2020 to Mar 23, 2020), recovered by Jul 20, 2020.

As of Jul 31, 2026, the fund held 293 securities; the ten largest made up 18.49% of assets.

By sector

• Over the three months to Jul 31, 2026, investors added a net $190.9M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +8.18%, +3.94%, -5.52%.

JMOM tracks the JP Morgan US Momentum Factor Index. JPMorgan, the fund's adviser, sponsors the index and designed its rules. FTSE International Limited calculates and runs it. Stocks come mainly from the Russell 1000 Index, which covers large and mid-sized U.S. companies.

Momentum is the tendency of rising stocks to keep rising and falling stocks to keep falling. The index measures it by dividing each stock's 12-month return by how much its price bounced around over that time, known as volatility. Stocks that score well against others in the same sector make the cut. Each sector gets a weight based on its market value. Within each sector, stocks are weighted so that no single position gets too large. As of January 30, 2026, the index held 267 companies, ranging from $3.5 billion to $4.7 trillion in market value.

The index, and the fund along with it, rebalances every quarter, so holdings change as the leaders change. The prospectus lists portfolio turnover of 39%, meaning roughly two-fifths of the portfolio was replaced over a year. The fund tries to hold every index stock in the same proportions, but it may hold a representative sample instead. It can also put up to 10% of its assets in stock futures. It is passively managed: it does not move to cash when markets fall.

• JMOM charges 0.12% a year, versus an average of 0.08% for the similar funds below (6th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $12 in the first year and $154 over 10 years (assuming a 5% annual return).

It tilts toward recent stock-market winners and has moved more than the market, so it fits better alongside a broad core fund than in place of one.

JMOM could add a rules-based tilt toward recent U.S. stock leaders. It also tends to swing more than the market: its beta, a measure of how strongly a fund moves with the market, was 1.23 as of October 27, 2026. The fund launched in November 2017, so it has no 2008 record. In the 2020 COVID crash it fell 34.3%, then recovered by July 20, 2020, about four months later. The 2022 drop took longer to heal. It fell 26.7% by June 2022 and did not get back to its old high until January 19, 2024. Its worst calendar year was 2022, at -20.71%. Selling shares for spending in a year like that would lock in losses. Income is small: the yield was 0.76%, paid quarterly, as of October 27, 2026. In the SEC's standard example, costs on $10,000 are $12 for the first year. Past results don't predict the future, and a plan should look at the whole portfolio.

Matched by holdings overlap from the latest N-PORT reports.