Key Highlights

  • JPOZ is an actively managed fund that invests primarily in Australian equities, with a small cash allowance.
  • The portfolio holds about 159 companies, with BHP and Commonwealth Bank the largest positions.
  • Management fees are 0.25% a year, with an interim distribution of A$0.200.
  • The fund traded at A$48.23 in the 5 November 2026 session, unchanged.

The JPMorgan Australia Equity Active ETF (ASX:JPOZ) offers an actively managed approach to Australian shares in an ASX-listed structure. The fund is benchmarked to the S&P/ASX 300 and holds a broad set of companies rather than a short list. The unit price was unchanged at A$48.23 during the 5 November 2026 session, while the S&P/ASX 200 gained 1.87%.

Fund detail

Information

Share price (5 Nov 2026 session)

A$48.23, unchanged

Management fees and costs

0.25% a year

Last distribution

A$0.200 interim, ex-date 1 October 2026

Number of holdings

About 159 companies

Benchmark

S&P/ASX 300 GR AUD

Admitted to ASX

13 August 2026

What the fund is

JPOZ is an exchange-traded fund that invests primarily in Australian equity securities through an active manager. Units trade on the ASX during market hours, and the unit price reflects the value of the holdings and the Demand for units in the market.

Unlike an index fund, JPOZ does not simply hold the companies in a benchmark in proportion to their weights. The manager chooses which companies to hold and how much to hold of each, so the fund's results depend on those decisions.

How the portfolio is built

The fund holds a small proportion of cash and cash equivalents alongside its share holdings. Its benchmark is the S&P/ASX 300, which is broader than the top 200 companies, so the portfolio covers a wider set of listed companies.

At the time of the latest update, financial services made up about 33% of the fund and basic materials about 28%. Healthcare represented about 8%. BHP is the largest holding at about 11%, followed by Commonwealth Bank at about 9% and National Australia Bank at about 4%. Concentration in the largest banks and miners is therefore a notable feature of the portfolio.

Income and costs

The most recent distribution was an interim payment of A$0.200, with an ex-date of 1 October 2026 and payment on 15 October 2026. The ASX page does not show an annual Yield for the fund, so investors should review the distribution history when comparing income.

Management fees and costs are 0.25% a year. Fees reduce the net return to unitholders, and for an active fund they pay for the manager's research and stock selection. Investors should weigh the fee against the results they expect from active management.

What to understand before investing

Active managers can underperform their benchmark, and the fund's results depend on the manager's stock selection and sector weights. An active fund can also differ materially from its index over short periods, in either direction.

Like all share funds, JPOZ carries market risk. Its unit price can fall as well as rise, and past results are not a reliable guide to future returns. Investors should consider how the fund overlaps with other holdings they already own, particularly in the largest banks and miners.

Comparing with an index fund

Investors comparing JPOZ with an index fund may look at the fee, the number of holdings, the turnover of the portfolio and the consistency of results against the benchmark. Those factors determine how much an active manager needs to add before it justifies its cost.

Final Word

JPOZ offers an active view of Australian shares, with a portfolio weighted toward the major banks and miners. The manager's selections, rather than an index, determine how the fund moves against the market.