JMEE uses an enhanced index approach to invest in US mid- and small-cap equities. The fund adviser considers stocks from the S&P 600 and S&P 400 using a proprietary ranking system based on company fundamentals. Securities ranked at the top of their sector are selected. Based on the advisers assessment of opportunities and risk, the fund may adjust individual holdings, sectors, and industries compared to the benchmark index. Securities are sold when perceived opportunities no longer exist or the company is removed from the benchmark. Derivatives may be used to gain exposure to the indexes, manage cash flow, or minimize transaction costs. The fund seeks to modestly exceed the total return of the S&P 1000 index over the long term with modest divergence to the index. JMEE launched from a mutual fund conversion, starting with $938 million in assets. Prior to Sep. 30, 2024, the fund was called JPMorgan Market Expansion Enhanced Equity ETF.