|
Ticker |
Listing
Exchange |
JPMorgan
Active Growth ETF |
JGRO |
NYSE
Arca |
JPMorgan
Active Value ETF |
JAVA |
NYSE
Arca |
JPMorgan
Equity Premium Income ETF |
JEPI |
NYSE
Arca |
JPMorgan
Nasdaq Equity Premium Income ETF |
JEPQ |
The
NASDAQ Stock Market LLC |
| |
1 | |
5 | |
10 | |
15 | |
20 | |
20 | |
26 | |
35 | |
35 | |
36 | |
36 | |
36 | |
36 | |
37 | |
37 |
38 | |
41 | |
41 | |
41 | |
41 | |
42 | |
43 | |
43 | |
44 | |
44 | |
44 | |
44 | |
45 | |
46 | |
Back
cover |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Giri
Devulapally |
2022 |
Managing
Director |
Timothy
Parton |
2022 |
Managing
Director |
Felise
Agranoff |
2022 |
Managing
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
Past |
Life
of Fund
since |
|
1
Year |
|
SHARES |
|
|
Return
Before Taxes |
-
% |
% |
Return
After Taxes on Distributions |
- |
|
Return
After Taxes on Distributions and Sale
of
Fund Shares |
- |
|
RUSSELL
1000 VALUE INDEX
(Reflects
No Deduction for Fees, Expenses, or
Taxes) |
- |
- |
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Scott
Blasdell |
2021 |
Managing
Director |
Clare
Hart |
2021 |
Managing
Director |
Andrew
Brandon |
2021 |
Managing
Director |
David
Silberman |
2021 |
Managing
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
Past |
Life
of Fund
since |
|
1
Year |
|
SHARES |
|
|
Return
Before Taxes |
-
% |
% |
Return
After Taxes on Distributions |
- |
|
Return
After Taxes on Distributions and Sale
of
Fund Shares |
- |
|
S&P
500 INDEX
(Reflects
No Deduction for Fees, Expenses, or
Taxes) |
- |
|
ICE
BOFA 3-MONTH US TREASURY BILL
INDEX
(Reflects
No Deduction for Fees, Expenses, or
Taxes) |
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Hamilton
Reiner |
2020 |
Managing
Director |
Raffaele
Zingone |
2020 |
Managing
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Hamilton
Reiner |
2022 |
Managing
Director |
Eric
Moreau |
2022 |
Executive
Director |
Andrew
Stern |
2022 |
Executive
Director |
NON-FUNDAMENTAL
INVESTMENT OBJECTIVES |
An
investment objective is fundamental if it cannot be changed without the
consent of a majority of the outstanding Shares of each
Fund.
Each Fund’s investment objective is not fundamental and may be changed
without the consent of a majority of the outstanding
Shares
of the Fund. |
|
Active
Growth ETF |
Active
Value ETF |
Equity
Premium Income ETF |
Nasdaq
Equity Premium Income ETF |
Authorized
Participant Concentration Risk |
• |
• |
• |
• |
Consumer
Discretionary Sector Risk |
• |
|
|
|
Convertible
Securities Risk |
○ |
○ |
○ |
○ |
Covered
Call Strategy Risk |
|
|
• |
• |
Cyber
Security Risk |
○ |
○ |
○ |
○ |
Depositary
Receipts Risk |
○ |
• |
|
|
Derivatives
Risk |
• |
• |
○ |
○ |
Equity
Market Risk |
• |
• |
• |
• |
Equity-Linked
Notes (ELNs) Risk |
|
|
• |
• |
Exchange-Traded
Fund (ETF) and Other Investment Company Risk |
|
○ |
○ |
○ |
Financials
Sector Risk |
|
• |
|
|
Foreign
Securities Risk |
○ |
• |
|
|
General
Market Risk |
• |
• |
• |
• |
Growth
Investing Risk |
• |
|
|
|
Healthcare
Sector Risk |
|
• |
|
|
High
Portfolio Turnover Risk |
|
• |
• |
• |
Industry
and Sector Focus Risk |
• |
• |
• |
• |
Industry
Concentration Risk |
|
|
|
• |
Information
Technology Sector Risk |
• |
|
|
|
Initial
Public Offering (IPO) Risk |
○ |
○ |
○ |
○ |
Large
Cap Company Risk |
• |
• |
• |
• |
Market
Trading Risk |
• |
• |
• |
• |
Master
Limited Partnerships (MLPs) Risk |
○ |
○ |
○ |
○
|
|
Active
Growth ETF |
Active
Value ETF |
Equity
Premium Income ETF |
Nasdaq
Equity Premium Income ETF |
New
Fund Risk |
○ |
○ |
○ |
○ |
Non-Diversified
Fund Risk |
• |
|
|
• |
Preferred
Securities Risk |
○ |
○ |
○ |
○ |
Prepayment
Risk |
○ |
○ |
|
|
Real
Estate Securities Risk |
○ |
• |
|
|
Regulatory
and Legal Risk |
○ |
○ |
○ |
○ |
Securities
Lending Risk |
○ |
○ |
○ |
○ |
Smaller
Company Risk |
• |
• |
• |
• |
Strategy
Risk |
|
|
• |
• |
Technology
Exposure Risk |
|
|
|
• |
Transactions
and Liquidity Risk |
○ |
○ |
○ |
○ |
Value
Investing Risk |
|
• |
|
|
Volcker
Rule Risk |
○ |
○ |
○ |
○ |
WHAT
IS A DERIVATIVE? |
Derivatives
are securities or contracts (for example, futures and options) that derive
their value from the performance of underlying
assets
or securities. |
WHAT
IS A CASH EQUIVALENT? |
Cash
equivalents are highly liquid, high-quality instruments with maturities of
three months or less on the date they are purchased.
They
include securities issued by the U.S. government, its agencies and
instrumentalities, repurchase agreements, certificates of
deposit,
bankers’ acceptances, commercial paper, variable rate master demand notes,
money market mutual funds, and bank
deposit
accounts. |
JPMorgan
Active Growth ETF |
0.44% |
JPMorgan
Active Value ETF |
0.44 |
JPMorgan
Equity Premium Income ETF |
0.35 |
JPMorgan
Nasdaq Equity Premium Income ETF |
0.35 |
|
|
Per
share operating performance | |||||
|
|
Investment
operations |
Distributions | ||||
|
Net asset
value,
beginning
of
period |
Net
investment
income
(loss)
(b) |
Net
realized
and
unrealized
gains
(losses)
on
investments |
Total from
investment
operations |
Net
investment
income |
Net
realized
gain |
Total
distributions |
JPMorgan
Active Growth ETF |
|
|
|
|
|
|
|
August
8, 2022 (f) through June 30, 2023 |
$49.95 |
$0.19 |
$5.65 |
$5.84 |
$(0.07) |
$— |
$(0.07) |
JPMorgan
Active Value ETF |
|
|
|
|
|
|
|
Year
Ended June 30, 2023 |
47.81 |
0.98 |
5.09 |
6.07 |
(0.74) |
— |
(0.74) |
October
4, 2021 (f) through June 30, 2022 |
49.50 |
0.63 |
(1.78) |
(1.15) |
(0.47) |
(0.07) |
(0.54) |
JPMorgan
Equity Premium Income ETF |
|
|
|
|
|
|
|
Year
Ended June 30, 2023 |
55.45 |
5.84 |
0.04 |
5.88 |
(6.04) |
— |
(6.04) |
Year
Ended June 30, 2022 |
60.50 |
6.11 |
(6.20) |
(0.09) |
(4.96) |
— |
(4.96) |
Year
Ended June 30, 2021 |
50.76 |
5.17 |
9.42 |
14.59 |
(4.85) |
— |
(4.85) |
May
20, 2020 (f) through June 30, 2020 |
50.00 |
0.63 |
0.13(h) |
0.76 |
— |
— |
— |
JPMorgan
Nasdaq Equity Premium Income ETF |
|
|
|
|
|
|
|
Year
Ended June 30, 2023 |
45.46 |
6.04 |
2.47 |
8.51 |
(5.64) |
— |
(5.64) |
May 3,
2022 (f) through June 30, 2022 |
50.00 |
1.11 |
(5.27) |
(4.16) |
(0.38) |
— |
(0.38) |
|
|
Ratios/Supplemental
data | ||||||
|
|
|
|
|
Ratios
to average net assets (a) |
| ||
Net asset
value,
end of
period |
Market
price,
end of
period |
Total
return
(c)(d) |
Market
price
total
return
(c)(e) |
Net assets,
end of
period |
Net
expenses |
Net
investment
income
(loss) |
Portfolio
turnover
rate
(c) | |
|
|
|
|
|
|
|
| |
$55.72 |
$55.74 |
11.73% |
(11.77)%(g) |
$358,030,378 |
0.44% |
0.45% |
60% | |
|
|
|
|
|
|
|
| |
53.14 |
53.15 |
12.79 |
13.04 |
418,442,628 |
0.44 |
1.91 |
80 | |
47.81 |
47.71 |
(2.37) |
(2.57)(g) |
44,225,127 |
0.44 |
1.64 |
56 | |
|
|
|
|
|
|
|
| |
55.29 |
55.33 |
11.30 |
11.37 |
28,046,696,328 |
0.35 |
10.69 |
190 | |
55.45 |
55.45 |
(0.49) |
(0.62) |
10,206,410,953 |
0.35 |
10.23 |
195 | |
60.50 |
60.57 |
30.22 |
29.90 |
1,916,419,087 |
0.35 |
8.89 |
195 | |
50.76 |
50.94 |
1.52 |
1.88(g) |
27,916,586 |
0.35 |
11.11 |
13 | |
|
|
|
|
|
|
|
| |
48.33 |
48.37 |
20.81 |
20.11 |
3,956,996,062 |
0.35 |
13.49 |
162 | |
45.46 |
45.76 |
(8.37) |
(7.77)(g) |
101,155,729 |
0.35 |
14.59 |
12 |