Core Viewpoint - The JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME) offers broad exposure to the Mid Cap Blend segment of the US equity market, with a focus on balancing growth potential and stability [1][2]. Group 1: Fund Overview - JPME is a passively managed ETF launched on May 11, 2016, and has accumulated assets exceeding $357.39 million, categorizing it as an average-sized ETF in its segment [1]. - The fund targets mid cap companies with market capitalizations between $2 billion and $10 billion, which typically exhibit higher growth prospects compared to large cap companies while being less volatile than small cap companies [2]. Group 2: Costs and Performance - The ETF has an annual operating expense ratio of 0.24%, which is competitive within its peer group, and a 12-month trailing dividend yield of 1.93% [3]. - As of August 11, 2025, JPME has returned approximately 2.8% year-to-date and 8.78% over the past year, with a trading range between $89.28 and $110.92 in the last 52 weeks [7]. Group 3: Sector Exposure and Holdings - The ETF's largest allocation is to the Industrials sector, comprising about 12% of the portfolio, followed by Healthcare and Consumer Staples [4]. - The top 10 holdings account for approximately 4.67% of total assets, with Jpmorgan Us Govt Mmkt Fun, Jabil Inc Common Stock (JBL), and Hewlett Packard (HPE) being notable individual holdings [5]. Group 4: Investment Strategy - JPME aims to replicate the performance of the Russell Midcap Diversified Factor Index using a rules-based approach that incorporates risk-based portfolio construction and multi-factor security selection, including value, quality, and momentum factors [6]. Group 5: Alternatives - Other ETFs in the Mid Cap Blend space include the Vanguard Mid-Cap ETF (VO) and the iShares Core S&P Mid-Cap ETF (IJH), which have significantly larger asset bases of $85.49 billion and $95.63 billion, respectively, and lower expense ratios of 0.04% and 0.05% [9].