|
Ticker |
Listing
Exchange |
JPMorgan
Active Bond ETF |
JBND |
New
York Stock Exchange LLC |
JPMorgan
BetaBuilders 1–5 Year U.S. Aggregate Bond ETF |
BBSA |
Cboe
BZX Exchange, Inc. |
JPMorgan
BetaBuilders U.S. Aggregate Bond ETF |
BBAG |
NYSE
Arca, Inc. |
JPMorgan
BetaBuilders USD High Yield Corporate Bond ETF |
BBHY |
Cboe
BZX Exchange, Inc. |
JPMorgan
BetaBuilders USD Investment Grade Corporate
Bond
ETF |
BBCB |
NYSE
Arca, Inc. |
JPMorgan
Core Plus Bond ETF |
JCPB |
Cboe
BZX Exchange, Inc. |
JPMorgan
Income ETF |
JPIE |
NYSE
Arca, Inc. |
JPMorgan
International Bond Opportunities ETF |
JPIB |
Cboe
BZX Exchange, Inc. |
JPMorgan
Municipal ETF
|
JMUB |
Cboe
BZX Exchange, Inc. |
JPMorgan
Short Duration Core Plus ETF |
JSCP |
NYSE
Arca, Inc. |
JPMorgan
Ultra-Short Income ETF
|
JPST |
NYSE
Arca, Inc. |
JPMorgan
Ultra-Short Municipal Income ETF
|
JMST |
Cboe
BZX Exchange, Inc. |
JPMorgan
USD Emerging Markets Sovereign Bond ETF
|
JPMB |
NYSE
Arca, Inc. |
| |
1
| |
6
| |
11
| |
16
| |
21
| |
26
| |
33
| |
42
| |
50
| |
57
| |
65
| |
72
| |
78
| |
86
| |
86
| |
106
| |
127
| |
128
|
128
| |
130
| |
130
| |
131
| |
131
| |
131
| |
132
| |
138
| |
138
| |
138
| |
138
| |
140
| |
141
| |
141
| |
143
| |
143
| |
143
| |
143
| |
144
| |
152
| |
Back
cover |
| |
Management
Fees
|
|
Total
Annual Fund Operating Expenses
|
|
| ||
|
1
Year |
3
Years |
SHARES
($) |
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Richard
Figuly |
2023 |
Managing
Director |
Justin
Rucker |
2023 |
Managing
Director |
Andrew
Melchiorre |
2023 |
Managing
Director |
Edward
Fitzpatrick III |
2023 |
Managing
Director |
| |
Management
Fees
|
|
Total
Annual Fund Operating Expenses
|
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
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 |
|
|
BLOOMBERG
SHORT-TERM U.S. AGGREGATE
BOND
INDEX
(Reflects
No Deduction for Fees, Expenses, or
Taxes) |
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Naveen
Kumar |
2019 |
Executive
Director |
Evan
Olonoff |
2023 |
Executive
Director |
Jan
Ho |
2023 |
Executive
Director |
| |
Management
Fees
|
|
Total
Annual Fund Operating Expenses
|
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life
of Fund
since |
|
1
Year |
5
Years |
|
SHARES |
|
|
|
Return
Before Taxes |
% |
% |
% |
Return
After Taxes on Distributions |
|
- |
|
Return
After Taxes on Distributions
and
Sale of Fund Shares |
|
|
|
BLOOMBERG
U.S. AGGREGATE
INDEX
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
|
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Naveen
Kumar |
2018 |
Executive
Director |
Evan
Olonoff |
2023 |
Executive
Director |
Jan
Ho |
2023 |
Executive
Director |
| |
Management
Fees
|
|
Total
Annual Fund Operating Expenses
|
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life
of Fund
since |
|
1
Year |
5
Years |
|
SHARES |
|
|
|
Return
Before Taxes |
% |
% |
% |
Return
After Taxes on Distributions |
|
|
|
Return
After Taxes on Distributions
and
Sale of Fund Shares |
|
|
|
ICE
BOFA US HIGH YIELD TOTAL
RETURN
INDEX
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
|
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Edward
Gibbons |
2023 |
Executive
Director |
John
Lux |
2023 |
Managing
Director |
| |
Management
Fees
|
|
Total
Annual Fund Operating Expenses
|
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life
of Fund
since |
|
1
Year |
5
Years |
|
SHARES |
|
|
|
Return
Before Taxes |
% |
% |
% |
Return
After Taxes on Distributions |
|
|
|
Return
After Taxes on Distributions
and
Sale of Fund Shares |
|
|
|
BLOOMBERG
U.S. CORPORATE
INDEX
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
|
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Qiwei
Zhu |
2021 |
Executive
Director |
Sameer
Iqbal |
2023 |
Executive
Director |
| |
Management
Fees
|
|
Total
Annual Fund Operating Expenses
|
|
Fee
Waivers and/or Expense Reimbursements
2 |
- |
Total
Annual Fund Operating Expenses after Fee Waiv-
ers
and/or Expense Reimbursements
2 |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
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 |
|
|
BLOOMBERG
U.S. AGGREGATE INDEX
(Reflects
No Deduction for Fees, Expenses, or
Taxes) |
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Richard
Figuly |
2019 |
Managing
Director |
J.
Andrew Norelli |
2019 |
Managing
Director |
Lisa
Coleman |
2020 |
Managing
Director |
Thomas
Hauser |
2020 |
Managing
Director |
Kay
Herr |
2023 |
Managing
Director |
Priya
Misra |
2024 |
Managing
Director |
| |
Management
Fees
|
|
Total
Annual Fund Operating Expenses
|
|
Fee
Waivers and/or Expense Reimbursements
2 |
- |
Total
Annual Fund Operating Expenses after Fee Waiv-
ers
and/or Expense Reimbursements
2 |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
Past |
Life
of Fund
since |
|
1
Year |
|
SHARES |
|
|
Return
Before Taxes |
% |
% |
Return
After Taxes on Distributions |
|
- |
Return
After Taxes on Distributions and Sale
of
Fund Shares |
|
- |
BLOOMBERG
U.S. AGGREGATE INDEX
(Reflects
No Deduction for Fees, Expenses, or
Taxes) |
|
- |
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
J.
Andrew Norelli |
2021 |
Managing
Director |
Andrew
Headley |
2021 |
Managing
Director |
Thomas
Hauser |
2021 |
Managing
Director |
| |
Management
Fees
|
|
Total
Annual Fund Operating Expenses
|
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life
of Fund
since |
|
1
Year |
5
Years |
|
SHARES |
|
|
|
Return
Before Taxes |
% |
% |
% |
Return
After Taxes on Distributions |
|
|
|
Return
After Taxes on Distributions
and
Sale of Fund Shares |
|
|
|
BLOOMBERG
MULTIVERSE EX-USA
(USD
HEDGED) INDEX
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
|
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Bob
Michele |
2017 |
Managing
Director |
Iain
Stealey |
2017 |
Managing
Director |
Lisa
Coleman |
2020 |
Managing
Director |
Peter
Aspbury |
2020 |
Managing
Director |
| |
Management
Fees
|
|
Total
Annual Fund Operating Expenses
|
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life
of Fund
since |
|
1
Year |
5
Years |
|
SHARES |
|
|
|
Return
Before Taxes |
% |
% |
% |
Return
After Taxes on Distributions |
|
|
|
Return
After Taxes on Distributions
and
Sale of Fund Shares |
|
|
|
BLOOMBERG
U.S. 1-15 YEAR BLEND
(1-17)
MUNICIPAL BOND INDEX1
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
|
|
|
BLOOMBERG
US MUNICIPAL INDEX1
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
|
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Michelle
V. Hallam |
2018 |
Managing
Director |
Michael
R. Myers |
2018 |
Executive
Director |
Rachel
Betton |
2024 |
Managing
Director |
| |
Management
Fees
|
|
Total
Annual Fund Operating Expenses
|
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
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 |
|
- |
BLOOMBERG
1-5 YEAR GOVERNMENT/
CREDIT
INDEX
(Reflects
No Deduction for Fees, Expenses, or
Taxes) |
|
- |
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Cary
Fitzgerald |
2021 |
Managing
Director |
Kay
Herr |
2023 |
Managing
Director |
| |
Management
Fees
|
|
Total
Annual Fund Operating Expenses
|
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life
of Fund
since |
|
1
Year |
5
Years |
|
SHARES |
|
|
|
Return
Before Taxes |
% |
% |
% |
Return
After Taxes on Distributions |
|
|
|
Return
After Taxes on Distributions
and
Sale of Fund Shares |
|
|
|
ICE
BOFA 3-MONTH US TREASURY
BILL
INDEX
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
|
|
|
Portfolio
Manager |
Managed
Fund
Since |
Primary
Title with
Investment
Adviser |
James
McNerny |
2017 |
Managing
Director |
David
Martucci |
2017 |
Managing
Director |
Cecilia
Junker |
2017 |
Managing
Director |
Kyongsoo
Noh |
2017 |
Managing
Director |
| |
Management
Fees
|
|
Total
Annual Fund Operating Expenses
|
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life
of Fund
since |
|
1
Year |
5
Years |
|
SHARES |
|
|
|
Return
Before Taxes |
% |
% |
% |
Return
After Taxes on Distributions |
|
|
|
Return
After Taxes on Distributions
and
Sale of Fund Shares |
|
|
|
BLOOMBERG
1 YEAR MUNICIPAL
BOND
INDEX
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
|
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Curtis
White |
2018 |
Executive
Director |
Josh
Brunner |
2018 |
Executive
Director |
| |
Management
Fees
|
|
Total
Annual Fund Operating Expenses
|
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life
of Fund
since |
|
1
Year |
5
Years |
|
SHARES |
|
|
|
Return
Before Taxes |
% |
% |
% |
Return
After Taxes on Distributions |
|
|
- |
Return
After Taxes on Distributions
and
Sale of Fund Shares |
|
|
- |
JPMORGAN
EMERGING MARKETS
RISK-AWARE
BOND INDEX
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
|
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Andrew
Bartlett |
2023 |
Executive
Director |
Supreet
Khandate |
2023 |
Vice
President |
Kush
Purohit |
2023 |
Vice
President |
Market
Sector |
Min |
Max |
U.S.
Treasury & Agency |
10% |
50% |
U.S.
Agency Residential Mortgage-Backed Securities |
10% |
30% |
Asset-Backed
Securities |
0% |
20% |
Commercial
Mortgage-Backed Securities |
0% |
20% |
Investment
Grade Corporate Debt Securities |
20% |
50% |
High
Yield Corporate Debt |
0% |
20% |
Emerging
Markets Debt |
0% |
15% |
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
Bond ETF |
BetaBuilders
1–5 Year U.S. Aggregate Bond ETF |
BetaBuilders
U.S. Aggregate Bond ETF |
BetaBuilders
USD High Yield Corporate Bond ETF |
BetaBuilders
USD Investment Grade Corporate Bond ETF |
Core
Plus Bond ETF |
Income
ETF |
International
Bond Opportunities ETF |
Municipal
ETF |
Short
Duration Core Plus ETF |
Ultra-Short
Income ETF |
Ultra-Short
Municipal Income ETF |
USD
Emerging Markets Sovereign Bond ETF |
Alternative
Minimum Tax Risk |
|
|
|
|
|
|
|
|
• |
|
|
• |
|
Asset-Backed,
Mortgage-Related and Mortgage-
Backed
Securities Risk |
• |
• |
• |
|
|
• |
• |
• |
• |
• |
• |
• |
|
Auction
Rate Securities Risk |
|
|
|
|
|
|
|
|
• |
|
|
• |
|
Authorized
Participant Concentration Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Cash
Transactions Risk |
• |
|
|
|
|
• |
• |
• |
• |
• |
• |
• |
|
CFTC
Regulation Risk |
|
|
|
|
|
|
○ |
○ |
|
|
|
|
|
Concentration
Risk |
|
• |
|
|
• |
|
|
|
• |
|
|
• |
|
Convertible
Securities Risk |
|
|
|
○ |
○ |
○ |
• |
○ |
|
|
|
|
|
Covenant
Lite Loan Risk |
|
|
|
|
|
• |
• |
○ |
|
○ |
|
|
|
|
Active
Bond ETF |
BetaBuilders
1–5 Year U.S. Aggregate Bond ETF |
BetaBuilders
U.S. Aggregate Bond ETF |
BetaBuilders
USD High Yield Corporate Bond ETF |
BetaBuilders
USD Investment Grade Corporate Bond ETF |
Core
Plus Bond ETF |
Income
ETF |
International
Bond Opportunities ETF |
Municipal
ETF |
Short
Duration Core Plus ETF |
Ultra-Short
Income ETF |
Ultra-Short
Municipal Income ETF |
USD
Emerging Markets Sovereign Bond ETF |
CPI-U
Strategy Risk |
|
|
|
|
|
• |
|
○ |
|
○ |
|
|
|
Credit
Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Currency
Risk |
|
|
|
|
|
• |
• |
• |
|
• |
|
|
|
Cyber
Security Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Debt
Securities and Other Callable Securities Risk |
○ |
|
|
|
|
|
|
|
• |
|
|
• |
|
Derivatives
Risk |
• |
○ |
○ |
○ |
○ |
• |
• |
• |
○ |
• |
• |
○ |
• |
Distribution
Risk |
|
|
|
|
|
|
• |
|
|
|
|
|
|
Equity
Market Risk |
|
|
|
○ |
|
|
• |
|
|
|
|
|
|
ETF
and/or Other Investment Company Risk |
○ |
|
• |
○ |
|
• |
○ |
○ |
○ |
○ |
• |
○ |
○ |
Financials
Sector Risk |
|
|
|
|
• |
|
|
|
|
|
|
|
|
Floating
and Variable Rate Securities Risk |
○ |
|
|
|
|
|
|
|
• |
|
• |
• |
|
Foreign
Issuer Risk |
○ |
○ |
• |
• |
• |
○ |
• |
|
|
• |
|
|
|
Foreign
Municipal Securities Risk |
|
|
|
|
|
|
|
|
|
|
|
|
○ |
Foreign
Securities and Emerging Markets Risk |
• |
○ |
• |
• |
• |
• |
• |
• |
|
• |
• |
|
• |
General
Market Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Geographic
Focus Risk |
• |
• |
• |
|
• |
• |
• |
• |
|
• |
|
|
• |
Government
Securities Risk |
• |
• |
• |
|
○ |
• |
• |
• |
• |
• |
• |
• |
|
High
Portfolio Turnover Risk |
○ |
|
• |
|
○ |
○ |
• |
○ |
○ |
|
○ |
○ |
|
High
Yield Securities Risk |
|
|
|
• |
○ |
• |
• |
• |
• |
• |
• |
• |
• |
Index
Related Risk |
|
• |
• |
• |
• |
|
|
|
|
|
|
|
• |
Industry
and Sector Focus Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Inflation-Linked
and Inflation-Protected Security Risk |
○ |
|
|
|
|
○ |
• |
• |
|
○ |
|
|
○ |
Interest
Rate Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Inverse
Floater Risk |
○ |
|
|
|
|
○ |
• |
|
|
○ |
|
|
|
Loan
Risk |
○ |
|
|
|
|
○ |
• |
|
|
○ |
|
|
|
Market
Trading Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
|
Active
Bond ETF |
BetaBuilders
1–5 Year U.S. Aggregate Bond ETF |
BetaBuilders
U.S. Aggregate Bond ETF |
BetaBuilders
USD High Yield Corporate Bond ETF |
BetaBuilders
USD Investment Grade Corporate Bond ETF |
Core
Plus Bond ETF |
Income
ETF |
International
Bond Opportunities ETF |
Municipal
ETF |
Short
Duration Core Plus ETF |
Ultra-Short
Income ETF |
Ultra-Short
Municipal Income ETF |
USD
Emerging Markets Sovereign Bond ETF |
MLP
Risk |
|
|
|
|
• |
|
○ |
|
|
|
|
|
|
Mortgage
Dollar Roll Risk |
○ |
|
|
|
|
• |
• |
• |
|
• |
○ |
|
|
Municipal
Obligations Risk |
|
|
|
|
|
|
|
|
• |
|
|
• |
|
Municipal
Securities Risk |
○ |
|
|
|
|
○ |
• |
○ |
|
○ |
○ |
|
|
Net
Asset Value Risk |
|
|
|
|
|
|
|
|
|
|
|
• |
|
New
Fund Risk |
○ |
○ |
|
|
|
○ |
○ |
|
|
○ |
|
|
|
Non-Diversified
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
• |
Non-Money
Market Fund Risk |
|
|
|
|
|
|
|
|
|
|
• |
|
|
Options
Risk |
|
|
|
|
|
|
○ |
|
|
|
|
|
|
Passive
Management Risk |
|
• |
• |
• |
• |
|
|
|
|
|
|
|
• |
Preferred
Stock Risk |
|
|
|
○ |
|
|
• |
|
|
○ |
|
|
|
Prepayment
Risk |
• |
• |
• |
|
• |
• |
• |
• |
○ |
• |
• |
○ |
• |
Privately
Placed Securities Risk |
• |
• |
○ |
• |
• |
• |
• |
|
|
• |
• |
|
• |
Regulatory
and Legal Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
REITs
Risk |
|
|
|
○ |
|
|
• |
|
|
|
|
|
|
Repurchase
Agreement Risk |
○ |
|
|
|
|
• |
|
|
|
|
• |
|
|
Restricted
Securities Risk |
|
|
|
|
|
|
|
|
• |
|
|
• |
|
Risk
Associated with the Fund Holding Cash, Money
Market
Instruments and Other Short-Term Invest-
ments |
○ |
|
|
|
• |
• |
• |
• |
• |
• |
• |
|
|
Sampling
Risk |
|
• |
• |
• |
• |
|
|
|
|
|
|
|
• |
Securities
Lending Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
|
○ |
○ |
○ |
○ |
○ |
Smaller
Company Risk |
|
|
|
• |
|
|
○ |
|
|
|
|
|
|
Sovereign
Debt Risk |
• |
|
|
|
|
• |
• |
• |
|
• |
• |
|
• |
Strategy
Risk |
|
|
|
|
|
|
|
• |
|
|
|
|
|
Structured
Investment Risk |
○ |
|
|
|
|
○ |
|
• |
|
|
|
|
• |
Taxability
Risk |
|
|
|
|
|
|
|
|
• |
|
|
• |
|
|
Active
Bond ETF |
BetaBuilders
1–5 Year U.S. Aggregate Bond ETF |
BetaBuilders
U.S. Aggregate Bond ETF |
BetaBuilders
USD High Yield Corporate Bond ETF |
BetaBuilders
USD Investment Grade Corporate Bond ETF |
Core
Plus Bond ETF |
Income
ETF |
International
Bond Opportunities ETF |
Municipal
ETF |
Short
Duration Core Plus ETF |
Ultra-Short
Income ETF |
Ultra-Short
Municipal Income ETF |
USD
Emerging Markets Sovereign Bond ETF |
Transactions
and Liquidity Risk |
○ |
○ |
○ |
○ |
○ |
○ |
• |
○ |
○ |
○ |
○ |
○ |
○ |
Volcker
Rule Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
When-Issued,
Delayed Settlement and Forward Com-
mitment
Transactions Risk |
○ |
|
|
○ |
|
|
|
|
|
|
|
|
|
Zero-Coupon,
Pay-In-Kind and Deferred Payment
Securities
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 Bond ETF |
0.30% |
JPMorgan
BetaBuilders 1-5 Year U.S. Aggregate Bond ETF |
0.05 |
JPMorgan
BetaBuilders U.S. Aggregate Bond ETF |
0.03 |
JPMorgan
BetaBuilders USD High Yield Corporate Bond ETF |
0.15 |
JPMorgan
BetaBuilders USD Investment Grade Corporate Bond ETF |
0.09 |
JPMorgan
Core Plus Bond ETF |
0.40 |
JPMorgan
Income ETF |
0.40 |
JPMorgan
International Bond Opportunities ETF |
0.50 |
JPMorgan
Municipal ETF |
0.18 |
JPMorgan
Short Duration Core Plus ETF |
0.33 |
JPMorgan
Ultra-Short Income ETF |
0.18 |
JPMorgan
Ultra-Short Municipal Income ETF |
0.18 |
JPMorgan
USD Emerging Markets Sovereign Bond ETF |
0.39 |
FUND
NAME |
FUND
CODE |
Active
Bond ETF |
1 |
BetaBuilders
1–5 Year U.S. Aggregate Bond ETF |
2 |
BetaBuilders
U.S. Aggregate Bond ETF |
3 |
BetaBuilders
USD High Yield Corporate Bond ETF |
4 |
BetaBuilders
USD Investment Grade Corporate Bond ETF |
5 |
Core
Plus Bond ETF |
6 |
Income
ETF |
7 |
International
Bond Opportunities ETF |
8 |
Municipal
ETF
|
9 |
Short
Duration Core Plus ETF |
10 |
Ultra-Short
Income ETF |
11 |
Ultra-Short
Municipal Income ETF |
12 |
USD
Emerging Markets Sovereign Bond ETF |
13 |
INSTRUMENT |
FUND
CODE |
RISK
TYPE |
Adjustable
Rate Mortgage Loans (ARMs):
Loans in a mortgage pool which provide for a
fixed
initial mortgage interest rate for a specified period of time, after which
the rate
may
be subject to periodic adjustments. |
1-3,
6-8, 10-11 |
Credit
Interest
Rate
Liquidity
Market
Political
Prepayment
Valuation |
Asset-Backed
Securities: Securities
secured by company receivables, home equity loans,
truck
and auto loans, leases, and credit card receivables or other securities
backed by
other
types of receivables or other assets and pools of loans, such as
collateralized loan
obligations. |
1-3,
6-12 |
Credit
Interest
Rate
Liquidity
Market
Political
Prepayment
Valuation |
Auction
Rate Securities:
Auction rate municipal securities and auction rate preferred
securities
issued by closed-end investment companies. |
7-10,
12 |
Credit
Interest
Rate
Liquidity
Market |
Bank
Obligations:
Bankers’ acceptances, certificates of deposit and time deposits.
Bankers’
acceptances are bills of exchange or time drafts drawn on and accepted by
a
commercial
bank. Maturities are generally six months or less. Certificates of deposit
are
negotiable
certificates issued by a bank for a specified period of time and earning a
specified
return. Time deposits are non-negotiable receipts issued by a bank in
exchange
for
the deposit of funds. |
1,
4, 6-12 |
Credit
Currency
Interest
Rate
Liquidity
Market
Political |
Borrowings:
A Fund may borrow for temporary purposes and/or for investment
purposes.
Such a practice will result in leveraging of the Fund’s assets and may
cause the
Fund
to liquidate portfolio positions when it would not be advantageous to do
so. A Fund
must
maintain continuous asset coverage of 300% of the amount borrowed, with
the
exception
for borrowings not in excess of 5% of the Fund’s total assets made for
temporary
administrative purposes. |
1,
4, 7-9, 11-12 |
Credit
Interest
Rate
Market |
INSTRUMENT |
FUND
CODE |
RISK
TYPE |
Brady
Bonds:
Securities created through the exchange of existing commercial bank loans
to
public and private entities in certain emerging markets for new bonds in
connection
with
debt restructurings. |
2-3,
6-8, 9, 13 |
Credit
Currency
Foreign
Investment
Interest
Rate
Market
Political |
Call
and Put Options:
A call option gives the buyer the right to buy, and obligates the
seller
of the option to sell a security at a specified price at a future date. A
put option
gives
the buyer the right to sell, and obligates the seller of the option to buy
a security at
a
specified price at a future date. A Fund will sell only covered call and
secured put
options. |
1,
6-10, 12 |
Credit
Leverage
Liquidity
Management
Market |
Commercial
Paper:
Secured and unsecured short-term promissory notes issued by
corporations
and other entities. Maturities generally vary from a few days to nine
months. |
1-4,
6-12 |
Credit
Currency
Interest
Rate
Liquidity
Market
Political
Valuation |
Commodity-Related
Pooled Investment Vehicles:
Ownership interests in grantor trusts
and
other pooled investment vehicles, including commodity pools, that hold
tangible
assets
such as gold, silver and other commodities or invest in commodities
futures.
Grantor
trusts are typically traded on an exchange. |
7-8 |
Credit
Foreign
Investment
Leverage
Liquidity
Market
Valuation |
Common
Stock:
Shares of ownership of a company. |
4,
6-8, 10 |
Market |
Common
Stock Warrants and Rights:
Securities, typically issued with preferred stock or
bonds,
that give the holder the right to buy a proportionate amount of common
stock at
a
specified price. |
4,
6-7 |
Credit
Market |
Contract
for Differences:
An arrangement made in a futures contract whereby differences
in
settlement are made through cash payments, rather than the delivery of
physical
goods
or securities. |
11 |
Credit
Leverage
Liquidity
Management
Market |
Convertible
Securities:
Bonds or preferred stock that can convert to common stock
including
contingent convertible securities. |
4-8,
10 |
Credit
Currency
Interest
Rate
Liquidity
Market
Political
Valuation |
Corporate
Debt Securities:
May include bonds and other debt securities of domestic and
foreign
issuers, including obligations of industrial, utility, banking and other
corporate
issuers. |
1-13 |
Credit
Currency
Interest
Rate
Liquidity
Market
Political
Valuation |
INSTRUMENT |
FUND
CODE |
RISK
TYPE |
Credit
Default Swaps (CDSs):
A swap agreement between two parties pursuant to which
one
party pays the other a fixed periodic coupon for the specified life of the
agreement.
The
other party makes no payment unless a credit event, relating to a
predetermined
reference
asset, occurs. If such an event occurs, the party will then make a payment
to
the
first party, and the swap will terminate. |
1-8,
10, 13 |
Credit
Currency
Interest
Rate
Leverage
Liquidity
Management
Market
Political
Valuation |
Custodial
Receipts:
A Fund may acquire securities in the form of custodial receipts that
evidence
ownership of future interest payments, principal payments or both on
certain
U.S.
Treasury notes or bonds in connection with programs sponsored by banks and
brokerage
firms. These are not considered to be U.S. government securities. These
notes
and
bonds are held in custody by a bank on behalf of the owners of the
receipts. |
6-8 |
Credit
Liquidity
Market |
Demand
Features:
Securities that are subject to puts and standby commitments to
purchase
the securities at a fixed price (usually with accrued interest) within a
fixed
period
of time following demand by a Fund. |
6-10,
12 |
Liquidity
Management
Market |
Emerging
Market Securities:
Securities issued by issuers or governments in countries
with
emerging economies or securities markets which may be undergoing
significant
evolution
and rapid development. |
2-3,
5-8, 10, 13 |
Foreign
Investment
Credit
Currency
Interest
Rate
Market
Liquidity
Political |
Exchange-Traded
Funds (ETFs):
Ownership interest in unit investment trusts, depositary
receipts,
and other pooled investment vehicles that hold a portfolio of securities
or
stocks
designed to track the price performance and dividend yield of a particular
broad-
based,
sector or international index. ETFs include a wide range of
investments. |
1-3,
6-10, 12-13 |
Investment
Company
Market |
Foreign
Currency Transactions:
Strategies used to hedge against currency risks, for other
risk
management purposes or to increase income or gain to a Fund. These
strategies
may
consist of use of any of the following: options on currencies, currency
futures,
options
on such futures, forward foreign currency transactions (including
non-
deliverable
forwards (NDFs)), forward rate agreements and currency swaps, caps and
floors. |
6-8,
10 |
Credit
Foreign
Investment
Leverage
Liquidity
Management
Market
Prepayment |
Foreign
Investments:
Equity and debt securities (e.g., bonds and commercial paper) of
foreign
entities and obligations of foreign branches of U.S. banks and foreign
banks.
Foreign
securities may also include American Depositary Receipts (ADRs), Global
Depositary
Receipts (GDRs), European Depositary Receipts (EDRs) and American
Depositary
Securities (ADSs). |
1-8,
10-11, 13 |
Foreign
Investment
Interest
Rate
Liquidity
Market
Political
Prepayment |
High
Yield/High Risk Securities/Junk Bonds:
Securities that are generally rated below
investment
grade by the primary rating agencies or are unrated but are deemed by a
Fund’s
adviser to be of comparable quality. |
3-13 |
Credit
Currency
High
Yield Securities
Interest
Rate
Liquidity
Market
Political
Portfolio
Quality
Valuation |
INSTRUMENT |
FUND
CODE |
RISK
TYPE |
Inflation-Linked
Debt Securities:
Includes fixed and floating rate debt securities of varying
maturities
issued by the U.S. government as well as securities issued by other
entities
such
as corporations, foreign governments and foreign
issuers. |
1,
6-12 |
Credit
Currency
Interest
Rate
Political |
Initial
Public Offerings (IPOs):
A transaction in which a previously private company makes
its
first sale of stock to the public. |
7-8 |
Market |
Interfund
Lending: Involves
lending money and borrowing money for temporary
purposes
through a credit facility |
1-13 |
Credit
Interest
Rate
Market |
Inverse
Floating Rate Instruments:
Leveraged variable debt instruments with interest
rates
that reset in the opposite direction from the market rate of interest to
which the
inverse
floater is indexed. |
1,
6-10, 12 |
Credit
Leverage
Market |
Investment
Company Securities:
Shares of other investment companies, including money
market
funds for which the adviser and/or its affiliates serve as investment
adviser or
administrator.
The adviser will waive certain fees when investing in funds for which it
serves
as investment adviser, to the extent required by law or by
contract. |
1-13 |
Investment
Company
Market |
Loan
Assignments and Participations:
Assignments of, or participations in, all or a portion
of
loans to corporations or to governments, including governments of less
developed
countries. |
6-10,
13 |
Credit
Currency
Extension
Foreign
Investment
Interest
Rate
Liquidity
Loans
Market
Political
Prepayment
Structured
Investments |
Master
Limited Partnerships (MLPs):
Limited partnerships that are publicly traded on a
securities
exchange. |
7-8,
10 |
Market |
Mortgages
(Directly Held):
Debt instruments secured by real property. |
6-8,
10 |
Credit
Environmental
Extension
Interest
Rate
Liquidity
Market
Natural
Event
Political
Prepayment
Valuation |
Mortgage-Backed
Securities:
Debt obligations secured by real estate loans and pools of
loans
such as collateralized mortgage obligations (CMOs), commercial
mortgage-backed
securities
(CMBSs) and other asset-backed structures. |
1-3,
6-12 |
Credit
Currency
Extension
Interest
Rate
Leverage
Liquidity
Market
Political
Prepayment
Tax
Valuation |
INSTRUMENT |
FUND
CODE |
RISK
TYPE |
Mortgage
Dollar Rolls1:
A transaction in which a Fund sells securities for delivery in a
current
month and simultaneously contracts with the same party to repurchase
similar
but
not identical securities on a specified future date. |
1,
6-8, 10-11 |
Currency
Extension
Interest
Rate
Leverage
Liquidity
Market
Political
Prepayment |
Municipal
Securities:
Securities issued by a state or political subdivision (including
securities
issued by a foreign state or subdivision) to obtain funds for various
public
purposes.
Municipal securities include, among others, private activity bonds and
industrial
development bonds, as well as general obligation notes, tax anticipation
notes,
bond
anticipation notes, revenue anticipation notes, other short-term
tax-exempt
obligations,
municipal leases, obligations of municipal housing authorities and single
family
revenue bonds. |
1-3,
6-12 |
Credit
Interest
Rate
Market
Natural
Event
Political
Prepayment
Tax |
New
Financial Products:
New options and futures contracts and other financial products
continue
to be developed and a Fund may invest in such options, contracts and
products. |
6-10,
12 |
Credit
Liquidity
Management
Market |
Obligations
of Supranational Agencies:
Obligations which are chartered to promote
economic
development and are supported by various governments and governmental
agencies. |
1-3,
6-8, 10-11 |
Credit
Foreign
Investment
Liquidity
Political
Valuation |
Options
and Futures Transactions:
A Fund may purchase and sell (a) exchange traded and
over
the counter put and call options on securities, indexes of securities and
futures
contracts
on securities, indexes of securities, interest rate futures contracts and
interest
rate
swaps and (b) futures contracts on securities and indexes of
securities. |
1-3,
5-13 |
Credit
Interest
Rate
Leverage
Liquidity
Management
Market |
Preferred
Stock:
A class of stock that generally pays a dividend at a specified rate and
has
preference
over common stock in the payment of dividends and in
liquidation. |
4,
6-8, 10 |
Interest
Rate
Market |
Private
Placements, Restricted Securities and Other Unregistered
Securities:
Securities not
registered
under the Securities Act of 1933, such as privately placed commercial
paper
and
Rule 144A securities. |
1-13 |
Liquidity
Market
Valuation |
Real
Estate Investment Trusts (REITs):
Pooled investment vehicles which invest primarily
in
income producing real estate or real estate related loans or
interest. |
1,
3-4, 6-7, 10 |
Credit
Interest
Rate
Liquidity
Management
Market
Political
Prepayment
Tax
Valuation |
Repurchase
Agreements:
The purchase of a security and the simultaneous commitment
to
return the security to the seller at an agreed upon price on an agreed
upon date. This
is
treated as a loan. |
1,
6-8, 10-12 |
Credit
Liquidity
Market |
INSTRUMENT |
FUND
CODE |
RISK
TYPE |
Reverse
Repurchase Agreements1:
The sale of a security and the simultaneous
commitment
to buy the security back at an agreed upon price on an agreed upon date.
This
is treated as a borrowing by a Fund.
|
6-7,
10, 12 |
Credit
Leverage
Market |
Securities
Issued in Connection with Reorganization and Corporate
Restructuring:
In
connection
with reorganizing or restructuring of an issuer, an issuer may issue
common
stock
or other securities to holders of its debt
securities. |
1-4,
6-8, 10, 13 |
Market |
Securities
Lending:
The lending of up to 33 1∕3%
of a Fund’s total assets. In return, a Fund
will
receive cash, other securities, and/or letters of credit as
collateral. |
1-3,
5-7, 9-10, 12 |
Credit
Leverage
Market |
Short-Term
Funding Agreements:
Agreements issued by banks and highly rated U.S.
insurance
companies such as Guaranteed Investment Contracts (GICs) and Bank
Investment
Contracts (BICs). |
3,
5-10, 12 |
Credit
Liquidity
Market |
Short
Selling:
A Fund sells a security it does not own in anticipation of a decline in
the
market
value of the security. To complete the transaction, a Fund must borrow the
security
to make delivery to the buyer. A Fund is obligated to replace the security
borrowed
by purchasing it subsequently at the market price at the time of
replacement. |
8 |
Credit
Liquidity
Market |
Sovereign
Obligations:
Investments in debt obligations issued or guaranteed by a foreign
sovereign
government or its agencies, authorities or political
subdivisions. |
1-3,
6-8, 10-11, 13 |
Credit
Foreign
Investment
Interest
Rate
Liquidity
Political
Valuation |
Stripped
Mortgage-Backed Securities:
Derivative multi-class mortgage securities which
are
usually structured with two classes of shares that receive different
proportions of the
interest
and principal from a pool of mortgage assets. These include Interest-Only
(IO)
and
Principal-Only (PO) securities issued outside a Real Estate Mortgage
Investment
Conduit
(REMIC) or CMO structure. |
1,
6-8, 10, 11 |
Credit
Interest
Rate
Liquidity
Market
Political
Prepayment
Valuation |
Structured
Investments:
A security having a return tied to an underlying index or other
security
or asset class. Structured investments generally are individually
negotiated
agreements
and may be traded over-the-counter. Structured investments are organized
and
operated to restructure the investment characteristics of the underlying
security. |
2-3,
6-10, 12-13 |
Credit
Foreign
Investment
Liquidity
Management
Market
Valuation |
Swaps
and Related Swap Products:
Swaps involve an exchange of obligations by two
parties.
Caps and floors entitle a purchaser to a principal amount from the seller
of the
cap
or floor to the extent that a specified index exceeds or falls below a
predetermined
interest
rate or amount. A Fund may enter into these transactions to manage its
exposure
to changing interest rates and other factors. |
1,
6-10, 12 |
Credit
Currency
Interest
Rate
Leverage
Liquidity
Management
Market
Political
Valuation |
Synthetic
Variable Rate Instruments:
Instruments that generally involve the deposit of a
long-term
tax exempt bond in a custody or trust arrangement and the creation of a
mechanism
to adjust the long-term interest rate on the bond to a variable short-term
rate
and a right (subject to certain conditions) on the part of the purchaser
to tender it
periodically
to a third party at par. |
6-8,
10, 12 |
Credit
Liquidity
Market |
INSTRUMENT |
FUND
CODE |
RISK
TYPE |
Temporary
Defensive Positions:
To respond to unusual circumstances a Fund may invest
in
cash and cash equivalents for temporary defensive
purposes. |
1,
4, 6-12 |
Credit
Interest
Rate
Liquidity
Market |
Treasury
Receipts:
A Fund may purchase interests in separately traded interest and
principal
component parts of U.S. Treasury obligations that are issued by banks or
brokerage
firms and that are created by depositing U.S. Treasury notes and U.S.
Treasury
bonds
into a special account at a custodian bank. Receipts include Treasury
Receipts
(TRs),
Treasury Investment Growth Receipts (TIGRs), and Certificates of Accrual
on
Treasury
Securities (CATS). |
1,
4, 6-12 |
Market |
Trust
Preferred:
Securities with characteristics of both subordinated debt and preferred
stock.
Trust preferreds are generally long term securities that make periodic
fixed or
variable
interest payments. |
4,
6-8, 10 |
Credit
Currency
Interest
Rate
Liquidity
Market
Political
Valuation |
U.S.
Government Agency Securities:
Securities issued or guaranteed by agencies and
instrumentalities
of the U.S. government. These include all types of securities issued by
Ginnie
Mae, Fannie Mae and Freddie Mac, including funding notes, subordinated
benchmark
notes, CMOs and REMICs. |
1-12 |
Credit
Government
Securities
Interest
Rate
Market |
U.S.
Government Obligations:
May include direct obligations of the U.S. Treasury,
including
Treasury bills, notes and bonds, all of which are backed as to principal
and
interest
payments by the full faith and credit of the United States, and separately
traded
principal
and interest component parts of such obligations that are transferable
through
the
Federal book-entry system known as Separate Trading of Registered Interest
and
Principal
of Securities (STRIPS) and Coupons Under Book Entry Safekeeping
(CUBES). |
1-12 |
Interest
Rate
Market |
Variable
and Floating Rate Instruments:
Obligations with interest rates which are reset
daily,
weekly, quarterly or some other frequency and which may be payable to a
Fund on
demand
or at the expiration of a specified term. |
1,
3-4, 6-12 |
Credit
Liquidity
Market
Valuation |
When-Issued
Securities, Delayed Delivery Securities and Forward
Commitments:
Purchase
or
contract to purchase securities at a fixed price for delivery at a future
date. |
1-4,
6-12 |
Credit
Leverage
Liquidity
Market
Valuation |
Zero-Coupon,
Pay-in-Kind and Deferred Payment Securities:
Zero-coupon securities are
securities
that are sold at a discount to par value and on which interest payments
are not
made
during the life of the security. Pay-in-kind securities are securities
that have
interest
payable by delivery of additional securities. Deferred payment securities
are
zero-coupon
debt securities which convert on a specified date to interest bearing debt
securities. |
1-4,
6-12 |
Credit
Currency
Interest
Rate
Liquidity
Market
Political
Valuation
Zero-Coupon
Securities |
|
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 Bond ETF |
|
|
|
|
|
|
|
October
11, 2023 (f) through February 29, 2024 |
$49.87 |
$1.01 |
$1.95 |
$2.96 |
$(0.73) |
$— |
$(0.73) |
JPMorgan
Core Plus Bond ETF |
|
|
|
|
|
|
|
Year
Ended February 29, 2024 |
46.22 |
2.27 |
(0.21) |
2.06 |
(2.06) |
— |
(2.06) |
Year
Ended February 28, 2023 |
52.24 |
1.68 |
(6.23) |
(4.55) |
(1.47) |
— |
(1.47) |
Year
Ended February 28, 2022 |
54.31 |
1.09 |
(1.96) |
(0.87) |
(1.09) |
(0.11) |
(1.20) |
Year
Ended February 28, 2021 |
54.17 |
0.97 |
0.70(g) |
1.67 |
(0.88) |
(0.65) |
(1.53) |
Year
Ended February 29, 2020 |
50.36 |
1.45 |
4.13 |
5.58 |
(1.44) |
(0.33) |
(1.77) |
JPMorgan
Income ETF |
|
|
|
|
|
|
|
Year
Ended February 29, 2024 |
44.90 |
2.84 |
0.06 |
2.90 |
(2.63) |
— |
(2.63) |
Year
Ended February 28, 2023 |
48.89 |
2.36 |
(4.24) |
(1.88) |
(2.10) |
(0.01) |
(2.11) |
October
28, 2021 (f) through February 28, 2022 |
50.00 |
0.58 |
(1.24) |
(0.66) |
(0.45) |
— |
(0.45) |
JPMorgan
International Bond Opportunities ETF |
|
|
|
|
|
|
|
Year
Ended February 29, 2024 |
46.64 |
2.12 |
0.62 |
2.74 |
(2.15) |
— |
(2.15) |
Year
Ended February 28, 2023 |
48.96 |
1.57 |
(2.48) |
(0.91) |
(1.41) |
— |
(1.41) |
Year
Ended February 28, 2022 |
51.04 |
1.16 |
(1.92) |
(0.76) |
(1.32) |
— |
(1.32) |
Year
Ended February 28, 2021 |
49.98 |
1.45 |
1.00(g) |
2.45 |
(1.39) |
— |
(1.39) |
Year
Ended February 29, 2020 |
48.75 |
1.71 |
1.86 |
3.57 |
(2.34) |
— |
(2.34) |
|
|
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) |
Expenses
without
waivers
and
reimbursements |
Portfolio
turnover
rate
(c) | |
|
|
|
|
|
|
|
|
| |
$52.10 |
$52.24 |
5.95% |
6.23% |
$195,376,421 |
0.29% |
5.06% |
0.29% |
78% | |
|
|
|
|
|
|
|
|
| |
46.22 |
46.34 |
4.58 |
4.65 |
2,630,096,493 |
0.39 |
4.94 |
0.39 |
57 | |
46.22 |
46.30 |
(8.76) |
(8.84) |
762,673,581 |
0.39 |
3.55 |
0.39 |
36 | |
52.24 |
52.37 |
(1.66) |
(1.73) |
276,853,932 |
0.40 |
2.02 |
0.40 |
81 | |
54.31 |
54.48 |
3.08 |
2.87 |
146,648,110 |
0.36 |
1.76 |
0.36 |
272 | |
54.17 |
54.44 |
11.24 |
11.52 |
54,168,824 |
0.38 |
2.76 |
0.69(h) |
91 | |
|
|
|
|
|
|
|
|
| |
45.17 |
45.37 |
6.67 |
6.27 |
1,071,983,762 |
0.40 |
6.33 |
0.40 |
162 | |
44.90 |
45.25 |
(3.84) |
(3.52) |
348,910,890 |
0.40 |
5.17 |
0.40 |
216 | |
48.89 |
49.09 |
(1.34) |
(0.94)(i) |
137,861,001 |
0.39 |
3.47 |
0.39 |
13 | |
|
|
|
|
|
|
|
|
| |
47.23 |
47.55 |
6.08 |
6.31 |
415,646,453 |
0.50 |
4.56 |
0.50 |
25 | |
46.64 |
46.84 |
(1.81) |
(1.43) |
284,507,436 |
0.50 |
3.39 |
0.50 |
71 | |
48.96 |
48.98 |
(1.56) |
(2.10) |
323,118,565 |
0.50 |
2.28 |
0.50 |
52 | |
51.04 |
51.34 |
5.02 |
5.95 |
250,097,283 |
0.50 |
2.90 |
0.50 |
136 | |
49.98 |
49.83 |
7.39 |
6.89 |
169,928,839 |
0.53 |
3.40 |
0.69(h) |
88 |
|
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
Municipal ETF |
|
|
|
|
|
|
|
Year
Ended February 29, 2024 |
$49.77 |
$1.77 |
$0.89 |
$2.66 |
$(1.64) |
$— |
$(1.64) |
Year
Ended February 28, 2023 |
52.97 |
1.37 |
(3.44) |
(2.07) |
(1.13) |
— |
(1.13) |
Year
Ended February 28, 2022 |
54.37 |
0.85 |
(1.18) |
(0.33) |
(0.85) |
(0.22) |
(1.07) |
Year
Ended February 28, 2021 |
55.15 |
1.00 |
(0.71) |
0.29 |
(0.94) |
(0.13) |
(1.07) |
Year
Ended February 29, 2020 |
51.92 |
1.24 |
3.91 |
5.15 |
(1.22) |
(0.70) |
(1.92) |
JPMorgan
Short Duration Core Plus ETF |
|
|
|
|
|
|
|
Year
Ended February 29, 2024 |
45.88 |
2.01 |
0.35 |
2.36 |
(1.95) |
— |
(1.95) |
Year
Ended February 28, 2023 |
48.60 |
1.31 |
(2.78) |
(1.47) |
(1.25) |
— |
(1.25) |
March
1, 2021 (g) through February 28, 2022 |
50.00 |
0.62 |
(1.42) |
(0.80) |
(0.59) |
(0.01) |
(0.60) |
JPMorgan
Ultra-Short Income ETF |
|
|
|
|
|
|
|
Year
Ended February 29, 2024 |
50.28 |
2.49 |
0.10 |
2.59 |
(2.46) |
— |
(2.46) |
Year
Ended February 28, 2023 |
50.35 |
1.17 |
(0.18) |
0.99 |
(0.97) |
(0.09) |
(1.06) |
Year
Ended February 28, 2022 |
50.78 |
0.28 |
(0.35) |
(0.07) |
(0.32) |
(0.04) |
(0.36) |
Year
Ended February 28, 2021 |
50.51 |
0.58 |
0.28 |
0.86 |
(0.59) |
—(i) |
(0.59) |
Year
Ended February 29, 2020 |
50.20 |
1.28 |
0.32 |
1.60 |
(1.29) |
— |
(1.29) |
JPMorgan
Ultra-Short Municipal Income ETF |
|
|
|
|
|
|
|
Year
Ended February 29, 2024 |
50.61 |
1.63 |
0.16 |
1.79 |
(1.60) |
— |
(1.60) |
Year
Ended February 28, 2023 |
50.76 |
0.70 |
(0.19) |
0.51 |
(0.66) |
— |
(0.66) |
Year
Ended February 28, 2022 |
51.01 |
0.13 |
(0.25) |
(0.12) |
(0.13) |
— |
(0.13) |
Year
Ended February 28, 2021 |
50.53 |
0.32 |
0.52 |
0.84 |
(0.36) |
— |
(0.36) |
Year
Ended February 29, 2020 |
50.26 |
0.78 |
0.26 |
1.04 |
(0.77) |
— |
(0.77) |
|
|
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) |
Expenses
without
waivers
and
reimbursements |
Portfolio
turnover
rate
(c) | |
|
|
|
|
|
|
|
|
| |
$50.79 |
$50.84 |
5.46% |
5.48% |
$1,221,487,390 |
0.17% |
3.54% |
0.17% |
27% | |
49.77 |
49.81 |
(3.89) |
(3.88) |
408,142,543 |
0.16 |
2.74 |
0.16 |
33 | |
52.97 |
53.01 |
(0.66) |
(0.55) |
100,642,548 |
0.18 |
1.56 |
0.18 |
48 | |
54.37 |
54.35 |
0.54 |
0.67 |
76,120,305 |
0.23 |
1.84 |
0.23 |
56 | |
55.15 |
55.06 |
10.09 |
9.71 |
52,390,882 |
0.23 |
2.31 |
0.67(f) |
51 | |
|
|
|
|
|
|
|
|
| |
46.29 |
46.32 |
5.28 |
5.41 |
410,557,850 |
0.33 |
4.39 |
0.33 |
48 | |
45.88 |
45.85 |
(3.03) |
(3.11) |
190,421,997 |
0.32 |
2.82 |
0.32 |
199 | |
48.60 |
48.61 |
(1.63) |
(1.61)(h) |
192,461,679 |
0.32 |
1.26 |
0.32 |
175 | |
|
|
|
|
|
|
|
|
| |
50.41 |
50.44 |
5.29 |
5.31 |
22,514,509,028 |
0.17 |
4.97 |
0.17 |
77 | |
50.28 |
50.30 |
2.01 |
2.00 |
25,144,500,767 |
0.17 |
2.34 |
0.17 |
57 | |
50.35 |
50.37 |
(0.14) |
(0.12) |
18,686,174,480 |
0.18 |
0.56 |
0.18 |
70 | |
50.78 |
50.79 |
1.72 |
1.67 |
16,144,037,713 |
0.17 |
1.14 |
0.17 |
94 | |
50.51 |
50.54 |
3.22 |
3.22 |
11,591,489,504 |
0.18 |
2.53 |
0.22(f) |
46 | |
|
|
|
|
|
|
|
|
| |
50.80 |
50.81 |
3.59 |
3.67 |
2,636,616,919 |
0.17 |
3.23 |
0.17 |
76 | |
50.61 |
50.58 |
1.01 |
0.97 |
2,520,461,501 |
0.17 |
1.39 |
0.17 |
94 | |
50.76 |
50.75 |
(0.23) |
(0.29) |
3,116,619,866 |
0.17 |
0.26 |
0.17 |
50 | |
51.01 |
51.03 |
1.66 |
1.64 |
1,410,311,158 |
0.16 |
0.63 |
0.16 |
67 | |
50.53 |
50.56 |
2.09 |
2.09 |
207,185,582 |
0.18 |
1.55 |
0.34(f) |
153 |
|
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 |
Return
of
capital |
Total
distributions |
JPMorgan
BetaBuilders 1-5 Year
U.S.
Aggregate Bond ETF |
|
|
|
|
|
|
|
|
Year
Ended February 29, 2024 |
$46.96 |
$1.47 |
$0.55 |
$2.02 |
$(1.47) |
$— |
$— |
$(1.47) |
Year
Ended February 28, 2023 |
49.85 |
0.81 |
(2.92) |
(2.11) |
(0.78) |
— |
— |
(0.78) |
Year
Ended February 28, 2022 (f) |
51.87 |
0.53 |
(1.72) |
(1.19) |
(0.57) |
(0.26) |
— |
(0.83) |
Year
Ended February 28, 2021 (f) |
51.72 |
0.85 |
0.34 |
1.19 |
(0.83) |
(0.21) |
— |
(1.04) |
March
12, 2019 (g) through February 29,
2020
(f) |
50.00 |
1.17 |
1.76 |
2.93 |
(1.21) |
— |
— |
(1.21) |
JPMorgan
BetaBullders
U.S.
Aggregate Bond ETF |
|
|
|
|
|
|
|
|
Year
Ended February 29, 2024 |
45.92 |
1.79 |
(0.36) |
1.43 |
(1.73) |
— |
— |
(1.73) |
Year
Ended February 28, 2023 |
52.13 |
1.13 |
(6.27) |
(5.14) |
(1.07) |
— |
— |
(1.07) |
Year
Ended February 28, 2022 (f) |
54.39 |
0.71 |
(2.19) |
(1.48) |
(0.72) |
(0.06) |
— |
(0.78) |
Year
Ended February 28, 2021 (f) |
54.86 |
0.89 |
(0.32) |
0.57 |
(0.85) |
(0.19) |
— |
(1.04) |
Year
Ended February 29, 2020 (f) |
50.63 |
1.39 |
4.35 |
5.74 |
(1.44) |
(0.07) |
— |
(1.51) |
|
|
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) |
Expenses
without
waivers
and
reimbursements |
Portfolio
turnover
rate
(c) | |
|
|
|
|
|
|
|
|
| |
$47.51 |
$47.52 |
4.36% |
4.29% |
$15,437,981 |
0.05% |
3.11% |
0.05% |
55% | |
46.96 |
47.00 |
(4.24) |
(4.20) |
35,218,791 |
0.10 |
1.70 |
0.10 |
60 | |
49.85 |
49.87 |
(2.31) |
(2.44) |
34,892,895 |
0.05 |
1.02 |
0.05 |
45 | |
51.87 |
51.96 |
2.32 |
2.55 |
59,654,406 |
0.05 |
1.62 |
0.05 |
40 | |
51.72 |
51.68 |
5.93 |
5.85(h) |
37,495,084 |
0.05 |
2.38 |
0.05 |
56 | |
|
|
|
|
|
|
|
|
| |
45.62 |
45.63 |
3.19 |
3.21 |
1,647,859,874 |
0.02 |
3.93 |
0.02 |
138 | |
45.92 |
45.92 |
(9.91) |
(9.93) |
1,312,100,977 |
0.06 |
2.39 |
0.06 |
107 | |
52.13 |
52.14 |
(2.76) |
(2.69) |
1,024,267,076 |
0.07 |
1.32 |
0.07 |
78 | |
54.39 |
54.36 |
1.04 |
0.85 |
826,789,330 |
0.07 |
1.60 |
0.07 |
64 | |
54.86 |
54.92 |
11.46 |
11.49 |
543,070,946 |
0.07 |
2.61 |
0.20(i) |
57 |
|
Per
share operating performance | ||||||
|
|
Investment
operations |
Distributions | ||||
|
Net
asset
value,
beginning
of
period |
Net
investment
income
(loss)
(a) |
Net
realized
and
unrealized
gains
(losses)
on
investments |
Total
from
investment
operations |
Net
investment
income |
Net
realized
gain |
Total
distributions |
JPMorgan
BetaBuilders USD High Yield Corporate
Bond
ETF |
|
|
|
|
|
|
|
Year
Ended February 29, 2024 |
$44.41 |
$3.16 |
$1.23 |
$4.39 |
$(3.00) |
$— |
$(3.00) |
Year
Ended February 28, 2023 |
49.61 |
2.26 |
(4.84) |
(2.58) |
(2.62) |
— |
(2.62) |
Year
Ended February 28, 2022 |
51.64 |
1.97 |
(1.79) |
0.18 |
(2.21) |
— |
(2.21) |
Year
Ended February 28, 2021 |
50.31 |
2.12 |
1.31(d) |
3.43 |
(2.07) |
(0.03) |
(2.10) |
Year
Ended February 29, 2020 |
49.86 |
2.50 |
0.53 |
3.03 |
(2.58) |
— |
(2.58) |
JPMorgan
BetaBullder5 USD Investment Grade
Corporate
Bond ETF |
|
|
|
|
|
|
|
Year
Ended February 29, 2024 |
44.70 |
2.14 |
0.34 |
2.48 |
(2.02) |
— |
(2.02) |
Year
Ended February 28, 2023 |
51.48 |
1.55 |
(6.80) |
(5.25) |
(1.53) |
— |
(1.53) |
Year
Ended February 28, 2022 |
55.33 |
1.38 |
(3.34) |
(1.96) |
(1.40) |
(0.49) |
(1.89) |
Year
Ended February 28, 2021 |
56.27 |
1.58 |
(0.31) |
1.27 |
(1.46) |
(0.75) |
(2.21) |
Year
Ended February 29, 2020 |
51.19 |
1.95 |
5.96 |
7.91 |
(1.93) |
(0.90) |
(2.83) |
JPMorgan
USD Emerging Markets Sovereign Bond
ETF |
|
|
|
|
|
|
|
Year
Ended February 29, 2024 |
38.57 |
2.40 |
0.30(d) |
2.70 |
(2.35) |
— |
(2.35) |
Year
Ended February 28, 2023 |
43.42 |
2.20 |
(5.07) |
(2.87) |
(1.98) |
— |
(1.98) |
Year
Ended February 28, 2022 |
49.27 |
2.03 |
(5.81) |
(3.78) |
(2.07) |
— |
(2.07) |
Year
Ended February 28, 2021 |
50.95 |
2.17 |
(1.83) |
0.34 |
(2.02) |
— |
(2.02) |
Year
Ended February 29, 2020 |
47.52 |
2.32 |
3.40 |
5.72 |
(2.29) |
— |
(2.29) |
|
|
Ratios/Supplemental
data | |||||||
|
|
|
|
|
Ratios
to average net assets |
| |||
Net
asset
value,
end
of
period |
Market
price,
end
of
period |
Total
return
(b) |
Market
price
total
return
(c) |
Net
assets,
end
of
period |
Net
expenses |
Net
investment
income
(loss) |
Expenses
without
waivers
and
reimbursements |
Portfolio
turnover
rate | |
|
|
|
|
|
|
|
|
| |
$45.80 |
$45.88 |
10.34% |
10.43% |
$800,279,184 |
0.15% |
7.09% |
0.15% |
16% | |
44.41 |
44.44 |
(5.16) |
(5.20) |
337,479,306 |
0.23 |
4.93 |
0.23 |
39 | |
49.61 |
49.65 |
0.26 |
0.40 |
1,453,558,764 |
0.24 |
3.83 |
0.24 |
46 | |
51.64 |
51.61 |
7.16 |
6.43 |
1,559,634,055 |
0.23 |
4.18 |
0.23 |
50 | |
50.31 |
50.62 |
6.15 |
6.88 |
171,037,324 |
0.32 |
4.90 |
0.44(e) |
128 | |
|
|
|
|
|
|
|
|
| |
45.16 |
45.15 |
5.70 |
5.58 |
47,418,728 |
0.09 |
4.77 |
0.09 |
13 | |
44.70 |
44.74 |
(10.25) |
(10.32) |
44,702,756 |
0.14 |
3.36 |
0.14 |
35 | |
51.48 |
51.56 |
(3.70) |
(3.83) |
51,478,693 |
0.14 |
2.51 |
0.14 |
36 | |
55.33 |
55.48 |
2.24 |
2.09 |
55,332,638 |
0.14 |
2.81 |
0.14 |
41 | |
56.27 |
56.50 |
15.74 |
15.95 |
35,170,394 |
0.14 |
3.58 |
0.65(e) |
67 | |
|
|
|
|
|
|
|
|
| |
38.92 |
38.95 |
7.26 |
6.59 |
657,694,641 |
0.39 |
6.29 |
0.39 |
26 | |
38.57 |
38.83 |
(6.59) |
(7.36) |
227,584,365 |
0.39 |
5.63 |
0.39 |
34 | |
43.42 |
44.06 |
(8.06) |
(6.78) |
69,475,995 |
0.39 |
4.17 |
0.39 |
38 | |
49.27 |
49.30 |
0.85 |
0.50 |
83,750,663 |
0.39 |
4.50 |
0.39 |
59 | |
50.95 |
51.15 |
12.25 |
12.44 |
91,713,454 |
0.39 |
4.64 |
0.58(e) |
53 |