BBRE vs. AFSM ETF Comparison

Comparison of JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE) to Active Factor Small Cap ETF (AFSM)

BBRE

JPMorgan BetaBuilders MSCI U.S. REIT ETF

BBRE Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$101.53

Average Daily Volume

19,580

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

AFSM

Active Factor Small Cap ETF

AFSM Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by small capitalization companies. The manager defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.33

Average Daily Volume

7,557

Number of Holdings ^*

294

* may have additional holdings in another (foreign) market

Performance

Period	BBRE	AFSM
30 Days	6.23%	1.91%
60 Days	9.86%	1.61%
90 Days	17.59%	8.56%
12 Months	27.05%	25.46%

12 Overlapping Holdings

Symbol	Grade	Weight in BBRE	Weight in AFSM	Overlap
AKR	C	0.19%	0.3%	0.19%
BNL	B	0.28%	0.33%	0.28%
CTRE	B	0.26%	0.08%	0.08%
CUZ	B	0.38%	0.32%	0.32%
HIW	B	0.29%	0.38%	0.29%
IIPR	B	0.31%	0.49%	0.31%
KRC	B	0.32%	0.19%	0.19%
NHI	A	0.32%	0.68%	0.32%
PDM	B	0.11%	0.36%	0.11%
PK	D	0.27%	0.21%	0.21%
SBRA	B	0.36%	0.3%	0.3%
SLG	B	0.37%	0.59%	0.37%

BBRE Overweight 99 Positions Relative to AFSM

Symbol	Grade	Weight
PLD	C	10.19%
EQIX	B	6.84%
WELL	B	5.74%
PSA	B	4.56%
SPG	B	4.27%
O	B	4.1%
DLR	B	3.89%
EXR	B	3.22%
IRM	B	2.87%
VICI	C	2.83%
AVB	B	2.77%
EQR	B	2.33%
VTR	C	2.24%
INVH	C	1.9%
ESS	B	1.72%
MAA	B	1.63%
ARE	B	1.61%
SUI	B	1.51%
KIM	B	1.36%
DOC	C	1.33%
UDR	B	1.28%
GLPI	B	1.17%
ELS	C	1.15%
WPC	B	1.12%
AMH	C	1.1%
REG	C	1.09%
CPT	B	1.08%
HST	D	1.04%
CUBE	B	1.04%
BXP	B	0.96%
OHI	A	0.82%
REXR	C	0.8%
NNN	B	0.75%
FRT	C	0.74%
BRX	B	0.71%
EGP	B	0.7%
COLD	D	0.68%
FR	C	0.65%
STAG	C	0.62%
ADC	C	0.59%
KRG	B	0.49%
VNO	B	0.48%
RHP	D	0.45%
TRNO	C	0.45%
IRT	B	0.4%
EPRT	A	0.4%
PECO	B	0.39%
NSA	B	0.36%
EPR	B	0.31%
MAC	B	0.29%
SKT	B	0.28%
APLE	D	0.27%
LXP	B	0.25%
MPW	C	0.25%
DEI	B	0.24%
FCPT	A	0.22%
UE	B	0.21%
EQC	B	0.2%
IVT	B	0.18%
SHO	D	0.18%
ROIC	B	0.17%
JBGS	B	0.16%
PEB	D	0.15%
GNL	B	0.15%
DRH	C	0.15%
ESRT	B	0.13%
ALEX	B	0.13%
RLJ	D	0.13%
XHR	C	0.13%
LTC	B	0.13%
AIV	B	0.12%
AAT	B	0.12%
DEA	B	0.11%
GTY	B	0.11%
UMH	C	0.1%
NXRT	B	0.1%
CSR	B	0.1%
NTST	D	0.09%
PLYM	D	0.09%
PGRE	C	0.08%
BDN	B	0.08%
SVC	F	0.07%
AHH	B	0.07%
UHT	B	0.06%
WSR	D	0.06%
HPP	D	0.06%
GOOD	B	0.06%
INN	C	0.06%
OLP	B	0.05%
FPI	D	0.05%
ALX	B	0.05%
GMRE	C	0.05%
BFS	C	0.05%
CHCT	F	0.04%
CLDT	D	0.04%
DHC	B	0.04%
LAND	C	0.04%
PKST	C	0.03%
CBL	D	0.03%

BBRE Underweight 282 Positions Relative to AFSM

Symbol	Grade	Weight
NHC	D	-1.27%
MLI	B	-1.13%
ALKS	C	-0.97%
IDCC	B	-0.95%
SKYW	C	-0.93%
CPRX	B	-0.89%
ANF	D	-0.88%
MTG	B	-0.85%
MHO	B	-0.84%
RDN	B	-0.83%
PFBC	C	-0.82%
SFM	B	-0.81%
TNK	D	-0.8%
HALO	B	-0.79%
DAKT	D	-0.79%
CRS	B	-0.77%
UVE	B	-0.76%
TMHC	B	-0.72%
CVLT	B	-0.71%
BCC	C	-0.71%
NMIH	B	-0.68%
TBBK	B	-0.67%
EME	B	-0.66%
ZETA	B	-0.64%
NTB	C	-0.64%
BMI	B	-0.63%
COOP	B	-0.63%
HWKN	B	-0.63%
CALM	B	-0.63%
JXN	B	-0.63%
COKE	C	-0.62%
FIX	B	-0.62%
PLUS	B	-0.61%
ACT	A	-0.6%
SANM	D	-0.6%
CRVL	B	-0.6%
OFG	C	-0.6%
GMED	D	-0.6%
MUSA	C	-0.6%
UFPT	C	-0.6%
AROC	C	-0.59%
MCY	C	-0.59%
SUPN	C	-0.59%
STBA	B	-0.59%
LNTH	C	-0.59%
DOLE	A	-0.58%
FDP	B	-0.58%
SLVM	B	-0.58%
KBH	B	-0.58%
HSII	C	-0.57%
GMS	C	-0.56%
STRL	B	-0.56%
PRK	C	-0.56%
APPF	D	-0.54%
CEIX	D	-0.54%
CHCO	B	-0.54%
DFIN	B	-0.54%
HRB	C	-0.53%
PI	B	-0.52%
RMR	C	-0.5%
REZI	D	-0.5%
CAL	F	-0.5%
TEX	D	-0.49%
TGNA	C	-0.49%
AMWD	C	-0.49%
EVER	D	-0.49%
BELFB	C	-0.49%
BRBR	B	-0.48%
BTU	D	-0.47%
YOU	B	-0.47%
BXC	D	-0.47%
WFRD	F	-0.47%
BLBD	C	-0.46%
VRNT	F	-0.46%
EGBN	C	-0.46%
PINC	C	-0.46%
LPG	F	-0.46%
ADUS	B	-0.46%
DDS	D	-0.45%
PRDO	D	-0.45%
HRMY	B	-0.44%
ESNT	B	-0.44%
PLAB	F	-0.43%
YMAB	C	-0.43%
SPNS	D	-0.42%
CSWI	B	-0.41%
RXST	C	-0.41%
WNC	F	-0.41%
M	F	-0.4%
MTH	B	-0.4%
CCRN	F	-0.39%
ANIP	D	-0.39%
CORT	B	-0.39%
LGND	C	-0.39%
PBF	F	-0.38%
CNXN	B	-0.38%
INMD	D	-0.38%
PRGS	C	-0.37%
TMDX	C	-0.37%
AMR	F	-0.36%
BPMC	D	-0.36%
AVNS	B	-0.36%
GRBK	B	-0.36%
BDC	B	-0.36%
POWL	C	-0.36%
ODP	F	-0.36%
TWI	D	-0.36%
SCS	B	-0.35%
HDSN	D	-0.35%
ASO	C	-0.35%
FBP	C	-0.35%
SIG	C	-0.34%
ATKR	F	-0.34%
CASH	B	-0.33%
LOPE	D	-0.33%
DXC	C	-0.32%
LRN	B	-0.32%
CVNA	B	-0.32%
MOG.A	B	-0.32%
MATX	C	-0.32%
CRAI	C	-0.32%
QTWO	B	-0.32%
ASC	D	-0.31%
HIMS	D	-0.31%
PRMW	A	-0.31%
CNK	B	-0.31%
TRMK	C	-0.31%
APOG	B	-0.31%
VRNS	C	-0.3%
CMC	D	-0.3%
RDNT	B	-0.3%
TILE	B	-0.3%
IBOC	C	-0.3%
BKE	B	-0.3%
GEO	F	-0.3%
PFS	B	-0.3%
HUBG	C	-0.29%
GIII	C	-0.29%
BKH	B	-0.29%
PRG	B	-0.28%
PHIN	B	-0.28%
TCMD	C	-0.28%
ATGE	D	-0.28%
VIRT	B	-0.28%
THFF	B	-0.28%
MEDP	D	-0.28%
GNK	D	-0.27%
INSW	D	-0.27%
PSN	B	-0.27%
DNOW	D	-0.27%
USLM	B	-0.27%
HURN	C	-0.27%
MD	C	-0.27%
MRVI	C	-0.26%
MED	F	-0.26%
BHE	C	-0.26%
AZZ	C	-0.26%
BKU	C	-0.26%
SIGA	D	-0.25%
ADMA	B	-0.25%
VNDA	D	-0.25%
ITCI	D	-0.25%
IMKTA	D	-0.25%
AMKR	F	-0.25%
HCI	C	-0.25%
SMP	C	-0.24%
IESC	C	-0.24%
CMPR	F	-0.24%
ABG	F	-0.24%
ONTO	F	-0.23%
KN	D	-0.23%
HCC	F	-0.23%
NUS	F	-0.23%
NTCT	D	-0.23%
PRM	B	-0.23%
KELYA	D	-0.23%
STNG	D	-0.22%
DHT	C	-0.22%
PIPR	B	-0.22%
INTA	B	-0.22%
HLX	D	-0.22%
ENS	C	-0.22%
SBH	B	-0.22%
LMAT	B	-0.22%
AXSM	C	-0.21%
WABC	D	-0.21%
NAVI	C	-0.21%
HOV	C	-0.21%
XRX	F	-0.21%
TNC	D	-0.21%
NSSC	F	-0.21%
HAE	D	-0.21%
GOGL	D	-0.2%
ADNT	F	-0.2%
NX	D	-0.2%
HY	D	-0.2%
ASGN	D	-0.2%
BLFS	D	-0.2%
SD	D	-0.19%
GES	F	-0.19%
UCTT	F	-0.19%
SXC	F	-0.19%
EXTR	C	-0.19%
VSH	D	-0.19%
VCTR	B	-0.18%
CRDO	D	-0.18%
SCVL	B	-0.18%
AGX	C	-0.17%
SGBX	F	-0.17%
BRC	B	-0.17%
OSCR	B	-0.16%
NVST	D	-0.16%
MAX	C	-0.15%
SCSC	D	-0.15%
CLW	F	-0.15%
HROW	B	-0.15%
CWCO	F	-0.15%
TGTX	B	-0.15%
TPC	C	-0.15%
CECO	D	-0.14%
MOV	F	-0.14%
ALRM	F	-0.14%
TARS	C	-0.14%
INVA	B	-0.13%
AYI	B	-0.13%
CSGS	C	-0.13%
EIG	B	-0.13%
TWST	D	-0.13%
CHRD	F	-0.13%
CGEM	F	-0.13%
METC	F	-0.12%
ASTH	B	-0.12%
SPSC	D	-0.11%
ALKT	D	-0.11%
AIT	C	-0.11%
PCRX	F	-0.11%
YEXT	C	-0.1%
GFF	C	-0.1%
AMCX	F	-0.1%
KRYS	D	-0.09%
RAMP	F	-0.09%
MLKN	D	-0.09%
TPH	C	-0.08%
KTB	B	-0.08%
KSS	F	-0.08%
JWN	B	-0.07%
NSIT	C	-0.07%
OMI	D	-0.07%
AMN	F	-0.07%
WGO	D	-0.07%
COLL	B	-0.06%
EOLS	C	-0.06%
VSTO	B	-0.06%
ATEN	C	-0.05%
FORM	F	-0.05%
ETH	D	-0.05%
REVG	C	-0.05%
OTTR	D	-0.05%
ANDE	D	-0.05%
SWX	C	-0.05%
CTS	D	-0.05%
PHR	C	-0.05%
GRND	B	-0.05%
APAM	C	-0.05%
HE	F	-0.05%
AMPH	C	-0.05%
FTDR	B	-0.05%
OGS	B	-0.05%
EMBC	C	-0.04%
JBI	F	-0.04%
PGNY	F	-0.04%
LBRT	D	-0.04%
TDC	F	-0.04%
SEMR	C	-0.04%
RYI	F	-0.03%
ACLS	F	-0.03%
VITL	D	-0.03%
SWI	B	-0.03%
ACIW	B	-0.02%
MITK	F	-0.0%
MAIN	C	-0.0%
EPAC	B	-0.0%