JPMorgan Diversified Return U.S. Mid Cap Equity ETF(AMEX:JPME)

JPME applies multi-factor selection and risk-weighting to US mid-cap stocks. The fund uses value, momentum, and quality screens on the universe of US mid-caps. The factors are applied on a sector-by-sector basis, which allows the leaders in each sector to be selected and the laggards to be weeded out. The fund weights each sector for equal risk and weights stocks equally within each sector. This weighting scheme pushes defensive sectors to the fore. The Fund intends to replicate the index constituents as closely as possible. If this is not possible, the fund will use a representative sampling method instead. JPME will be rebalanced quarterly in accordance with the quarterly rebalancing of the underlying index.