JPMorgan U.S. Tech Leaders ETF

JPMorgan US Tech Leaders ETF (JTEK) is an actively managed exchange-traded fund launched by J.P. Morgan Asset Management in October 2023, designed to provide long-term capital appreciation by investing in technology and technology-enabled companies. Unlike passive technology-sector funds, JTEK is run by a dedicated portfolio management team that selects individual stocks rather than tracking a published index.

What does JPMorgan US Tech Leaders ETF track?

JTEK does not track a specific benchmark index for portfolio construction; it is actively managed against reference benchmarks such as the S&P 500 and an equal-weighted technology segment of the Russell 1000 Index, which are used for performance comparison only. The fund's actual holdings are determined by the adviser's research process rather than by index rules.

What does JPMorgan US Tech Leaders ETF hold?

The portfolio holds a relatively concentrated set of roughly 50 to 70 stocks spanning technology and technology-enabled businesses across the broader US equity market, with the flexibility to allocate across market capitalisations and sectors rather than restricting itself to traditional technology-sector classifications. This "tech-enabled" mandate allows the fund to hold companies outside conventional technology sectors if the adviser believes technology is reshaping their competitive position.

JPMorgan US Tech Leaders ETF Investment strategy

JTEK's strategy centres on identifying technology and technology-enabled companies where the adviser believes the magnitude or duration of future growth is underappreciated by the broader market, leveraging J.P. Morgan's long-running US Technology Leaders investment strategy and research platform. Because the approach is actively managed and benchmark-agnostic in its stock selection, JTEK's sector and market-cap exposure can shift over time based on where the portfolio managers identify growth opportunities, distinguishing it from passive technology index funds.