Key highlights

  • JPOZ holds 159 companies, with its top 10 holdings making up 47.01% of the fund.
  • The ETF was admitted to the ASX on 13 August 2026, has a 0.25% management fee and uses the S&P/ASX 300 GR AUD index as its benchmark.
  • Financial Services (31.93%) and Basic Materials (28.92%) are its largest sectors, and its first listed distribution was $0.200 per unit.

Active ETFs run by large global managers have become a more common feature of the Australian exchange-traded fund market. The JPMorgan Australia Equity Active ETF (ASX:JPOZ) was admitted to the ASX on 13 August 2026. It is classified by Morningstar as Equity Australia Large Blend and uses the S&P/ASX 300 GR AUD index as its benchmark, and its management fee is 0.25%.

This article sets out the exposure that JPOZ provides, based on its ASX fund page. It covers its sector and size breakdowns, its geographic split, its largest holdings, its first distribution and the filings lodged so far. As the fund is newly listed, some data fields on the page, such as fund size and units outstanding, are not yet populated. The article contains no return data or advice.

What the fund is designed to do

The fund’s description states that it will invest primarily in Australian equity securities, although a small proportion of the fund’s investments may be in cash and cash equivalents. The ASX page gives no further description of the investment approach, so the portfolio can be understood mainly through its holdings and weights.

Morningstar places JPOZ in the Equity Australia Large Blend category, which covers funds that invest mainly in large Australian companies, defined as stocks within the top 70% of the capitalisation of the Australian equities market. The blend style means neither growth nor value characteristics dominate. The fund holds 159 companies, and its holdings and sector weights are close to those of the category average, as the figures below show.

Sector allocation

By Morningstar sector, JPOZ’s largest weightings are Financial Services (31.93%), Basic Materials (28.92%), and Healthcare (7.20%). Relative to its Morningstar category average, the fund holds a higher share in Basic Materials (28.92 vs 26.24%). The remaining listed sectors are Consumer Cyclical (6.88%), Industrials (5.83%), Real Estate (5.34%), Energy (4.48%), Consumer Defensive (3.37%), Communication Services (2.69%), and Technology (2.20%).

No sector differs from the category average by more than about three percentage points, which indicates a portfolio positioned close to the broader market.

Asset mix, company size and geography

The fund is 99.70% in shares and 0.30% in cash. By company size, 93.79% is in companies above $1 billion, 5.86% in companies between $500 million and $1 billion and 0.35% below $500 million, compared with the category’s 92.40%, 6.82% and 0.79%.

By geography, 96.03% of the fund is in Australia, 2.54% in the United States, 0.58% in New Zealand, 0.50% in the United Kingdom and 0.35% in Canada. The category averages are 94.32% for Australia and 3.51% for the United States.

Top holdings

The ten largest holdings make up 47.01% of the fund, with 52.99% spread across the other 149. They are BHP Group (ASX:BHP) at 11.97%, Commonwealth Bank of Australia (ASX:CBA) at 9.16%, National Australia Bank (ASX:NAB) at 4.25%, Westpac Banking Corporation (ASX:WBC) at 4.22%, ANZ Group (ASX:ANZ) at 4.03%, Wesfarmers (ASX:WES) at 3.24%, Macquarie Group (ASX:MQG) at 3.21%, CSL (ASX:CSL) at 2.93%, Rio Tinto (ASX:RIO) at 2.02% and Telstra Group (ASX:TLS) at 1.96%.

The ordering follows the pattern of the Australian share market, with the largest miner and the largest bank at the top, and the weights give some insight into how much the active manager departs from index weights.

Distributions

JPOZ’s first listed distribution was an interim distribution of $0.200 per unit, with an ex-date of 1 October 2026, a record date of 2 October 2026 and a payment date of 15 October 2026. The fund had not been listed long enough to show an earlier distribution history.

Fund snapshot and recent filings

On the ASX page, JPOZ showed a last price of $48.23 with no change on the day and no trading volume, and a bid-offer range of $48.58 to $48.79. The management fee is 0.25% and the ISIN is AU0000477036. Its head office is at 85 Castlereagh Street, Sydney.

Recent announcements include the distribution tax estimates lodged on 15 October 2026, the outstanding ETF securities and monthly redemptions notice on 6 October, distribution notices on 1 and 2 October, and a notional derivative exposure notice on 2 October 2026.

What JPOZ’s exposure amounts to

JPOZ provides exposure to 159 Australian-listed companies in weights close to those of its category, with a 0.25% management fee. It is a new fund with a very short history on the ASX.