Rhea-AI Summary
The Jensen U.S. Quality Index ETF (NYSE: JQTY) has launched as Jensen Investment Management's first passive exchange-traded fund.
The fund tracks the Jensen U.S. Quality Index, independently calculated and administered by VettaFi. Eligible companies must generate return on equity, a measure of profit relative to shareholder equity, of at least 15% in each of the previous ten fiscal years. Fewer than 315 U.S. companies qualify at launch; the index selects the 100 largest by free float market capitalization. It uses modified market capitalization weighting and is reconstituted and rebalanced semiannually. JQTY has a 0.25% expense ratio and joins the actively managed Jensen Quality Growth ETF (NYSE: JGRW), launched in August 2024.
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