JPEF vs. FWD ETF Comparison

Comparison of JPMorgan Equity Focus ETF (JPEF) to AB Disruptors ETF (FWD)

JPEF

JPMorgan Equity Focus ETF

JPEF Description

Under normal circumstances, the fund invests at least 80% of its assets in equity securities. "Assets" means net assets, plus the amount of borrowings for investment purposes. In implementing its main strategies, the fund invests primarily in common stocks and real estate investment trusts (REITs), but it may also invest up to 20% of its total assets in common stocks of foreign companies, including depositary receipts.

Grade (RS Rating)

Last Trade

$65.29

Average Daily Volume

64,754

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

FWD

AB Disruptors ETF

FWD Description

FWD seeks capital growth by actively investing in companies globally, believed to be at the forefront of innovative growth trends. The funds adviser considers such companies as market disrupters. Many may utilize technology to enhance or create new demand for their product or service. The selection process combines a top-down evaluation of macroeconomic growth trends with fundamental, bottom-up analysis of individual companies. Factors such as current and projected profitability, pricing power, competitiveness, technological superiority, and management robustness of a company are considered. Targeted themes may include cloud infrastructure & AI, energy transition, transportation & logistics, medical innovation, digital transactions & media, and industrial innovation. The resulting portfolio of 80-120 stocks is considered non-diversified and may heavily focus on industries within the Information Technology sector.

Grade (RS Rating)

Last Trade

$77.32

Average Daily Volume

20,407

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	JPEF	FWD
30 Days	1.67%	-0.19%
60 Days	3.01%	1.31%
90 Days	4.83%	0.65%
12 Months	37.78%	45.87%

3 Overlapping Holdings

	Symbol	Grade	Weight in JPEF	Weight in FWD	Overlap
	AAPL	C	3.07%	3.05%	3.05%
	META	A	4.33%	2.41%	2.41%
	NVDA	D	5.94%	4.66%	4.66%

JPEF Overweight 7 Positions Relative to FWD

	Symbol	Grade	Weight
	MSFT	C	7.03%
	AMZN	C	5.27%
	BRK.A	C	3.2%
	KMI	A	2.95%
	L	D	2.93%
	EOG	D	2.9%
	COF	A	2.74%

JPEF Underweight 5 Positions Relative to FWD

	Symbol	Grade	Weight
	ANET	A	-1.75%
	BSX	B	-1.56%
	TXN	C	-1.55%
	ISRG	C	-1.54%
	AMD	D	-1.48%

JPEF: Top Represented Industries & Keywords

Industries: Consumer Electronics Credit Services Insurance - Diversified Insurance - Property & Casualty Internet Content & Information Oil & Gas E&P Oil & Gas Midstream Semiconductors Software - Infrastructure Specialty Retail

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Hyperscale Natural Gas Liquids Crude Oil Gas Pipeline Mobile Devices Natural Gas Natural Gas Pipeline Operating System Smartphones Software Work From Home Advertising Services Artificial Intelligence Bank Baseband Baseband Processor

FWD: Top Represented Industries & Keywords

Industries: Semiconductors Computer Systems Consumer Electronics Internet Content & Information Medical Devices Medical Instruments & Supplies

Keywords: S&P 500 Nasdaq 100 Computing Mobile Devices Artificial Intelligence Baseband Computer Architecture Consumer Electronics Deep Learning Design Manufacturers Endoscopy IBD 50 Medicine Operating System Robotics Semiconductor Smartphones System Builders 3 D Ablation