UNDER THE SECURITIES ACT OF 1933 |
☒ |
Pre-Effective Amendment No. |
☐ |
Post-Effective Amendment No. 352 |
☒ |
UNDER THE INVESTMENT COMPANY ACT OF 1940 |
☒ |
Amendment No. 354 |
☒ |
Elizabeth A. Davin, Esq. JPMorgan Chase & Co. 1111 Polaris Parkway Columbus, OH 43240 |
Jon S. Rand, Esq. Dechert LLP 1095 Avenue of the Americas New York, NY 10036 |
☐ |
immediately upon filing pursuant to paragraph (b) |
☒ |
on March 1, 2022 pursuant to paragraph (b) |
☐ |
60 days after filing pursuant to paragraph (a)(1) |
☐ |
on (date) pursuant to paragraph (a)(1) |
☐ |
75 days after filing pursuant to paragraph (a)(2) |
☐ |
on (date) pursuant to paragraph (a)(2) |
☐ |
The post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
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Ticker |
Listing Exchange |
JPMorgan BetaBuilders Canada ETF |
BBCA |
Cboe BZX Exchange, Inc. |
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (formerly, JPMorgan BetaBuilders Developed Asia ex-Japan ETF) |
BBAX |
Cboe BZX Exchange, Inc. |
JPMorgan BetaBuilders Europe ETF |
BBEU |
Cboe BZX Exchange, Inc. |
JPMorgan BetaBuilders International Equity ETF |
BBIN |
Cboe BZX Exchange, Inc. |
JPMorgan BetaBuilders Japan ETF |
BBJP |
Cboe BZX Exchange, Inc. |
JPMorgan BetaBuilders U.S. Equity ETF |
BBUS |
Cboe BZX Exchange, Inc. |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF |
BBMC |
NYSE Arca |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF |
BBSC |
NYSE Arca |
JPMorgan Carbon Transition U.S. Equity ETF |
JCTR |
NYSE Arca |
JPMorgan Diversified Return Emerging Markets Equity ETF |
JPEM |
NYSE Arca |
JPMorgan Diversified Return International Equity ETF |
JPIN |
NYSE Arca |
JPMorgan Diversified Return U.S. Equity ETF |
JPUS |
NYSE Arca |
JPMorgan Diversified Return U.S. Mid Cap Equity ETF |
JPME |
NYSE Arca |
JPMorgan Diversified Return U.S. Small Cap Equity ETF |
JPSE |
NYSE Arca |
JPMorgan U.S. Dividend ETF |
JDIV |
NYSE Arca |
JPMorgan U.S. Minimum Volatility ETF |
JMIN |
NYSE Arca |
JPMorgan U.S. Momentum Factor ETF |
JMOM |
NYSE Arca |
JPMorgan U.S. Quality Factor ETF |
JQUA |
NYSE Arca |
JPMorgan U.S. Value Factor ETF |
JVAL |
NYSE Arca |
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Back cover |
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Management Fees |
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Total Annual Fund Operating Expenses |
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1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
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Past |
Life of Fund since |
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1 Year |
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SHARES |
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Return Before Taxes |
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Return After Taxes on Distributions |
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Return After Taxes on Distributions and Sale of Fund Shares |
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MORNINGSTAR® CANADA TARGET MARKET EXPOSURE INDEX (Net of Foreign Withholding Taxes) (Reflects No Deduction for Fees, Expenses, or Taxes, Except Foreign Withholding Taxes) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Nicholas D’Eramo |
2018 |
Executive Director |
Michael Loeffler |
2018 |
Executive Director |
Oliver Furby |
2018 |
Executive Director |
Alex Hamilton |
2018 |
Executive Director |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
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1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
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Past |
Life of Fund since |
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1 Year |
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SHARES |
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Return Before Taxes |
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Return After Taxes on Distributions |
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Return After Taxes on Distributions and Sale of Fund Shares |
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MORNINGSTAR® DEVELOPED ASIA PACIFIC EX-JAPAN TARGET MARKET EXPOSURE INDEX (Net of Foreign Withholding Taxes) (Reflects No Deduction for Fees, Expenses, or Taxes, Except Foreign Withholding Taxes) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Nicholas D’Eramo |
2018 |
Executive Director |
Michael Loeffler |
2018 |
Executive Director |
Oliver Furby |
2018 |
Executive Director |
Alex Hamilton |
2018 |
Executive Director |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
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| ||||
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1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
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Past |
Life of Fund since |
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1 Year |
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SHARES |
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Return Before Taxes |
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Return After Taxes on Distributions |
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Return After Taxes on Distributions and Sale of Fund Shares |
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MORNINGSTAR® DEVELOPED EUROPE TARGET MARKET EXPOSURE INDEX (Net of Foreign Withholding Taxes) (Reflects No Deduction for Fees, Expenses, or Taxes, Except Foreign Withholding Taxes) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Nicholas D’Eramo |
2018 |
Executive Director |
Michael Loeffler |
2018 |
Executive Director |
Oliver Furby |
2018 |
Executive Director |
Alex Hamilton |
2018 |
Executive Director |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
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| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
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|
Past |
Life of Fund since |
|
1 Year |
|
SHARES |
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|
Return Before Taxes |
|
|
Return After Taxes on Distributions |
|
|
Return After Taxes on Distributions and Sale of Fund Shares |
|
|
MORNINGSTAR® DEVELOPED MARKETS EX-NORTH AMERICA TARGET MARKET EXPOSURE INDEX (Net of Foreign Withholding Taxes) (Reflects No Deduction for Fees, Expenses, or Taxes, Except Foreign Withholding Taxes) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Nicholas D’Eramo |
2019 |
Executive Director |
Michael Loeffler |
2019 |
Executive Director |
Oliver Furby |
2019 |
Executive Director |
Alex Hamilton |
2019 |
Executive Director |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
|
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|
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|
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| ||
|
Past |
Life of Fund since |
|
1 Year |
|
SHARES |
|
|
Return Before Taxes |
|
|
Return After Taxes on Distributions |
|
|
Return After Taxes on Distributions and Sale of Fund Shares |
|
|
MORNINGSTAR® JAPAN TARGET MARKET EXPOSURE INDEX (Net of Foreign Withholding Taxes) (Reflects No Deduction for Fees, Expenses, or Taxes, Except Foreign Withholding Taxes) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Nicholas D’Eramo |
2018 |
Executive Director |
Michael Loeffler |
2018 |
Executive Director |
Oliver Furby |
2018 |
Executive Director |
Alex Hamilton |
2018 |
Executive Director |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
|
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|
|
|
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|
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| ||
|
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 |
|
|
MORNINGSTAR® US TARGET MARKET EXPOSURE INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Nicholas D’Eramo |
2019 |
Executive Director |
Michael Loeffler |
2019 |
Executive Director |
Oliver Furby |
2019 |
Executive Director |
Alex Hamilton |
2019 |
Executive Director |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
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|
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| ||
|
Past |
Life of Fund since |
|
1 Year |
|
SHARES |
|
|
Return Before Taxes |
|
|
Return After Taxes on Distributions |
|
|
Return After Taxes on Distributions and Sale of Fund Shares |
|
|
MORNINGSTAR® US MID CAP TARGET MARKET EXPOSURE EXTENDED INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Nicholas D’Eramo |
2019 |
Executive Director |
Michael Loeffler |
2019 |
Executive Director |
Oliver Furby |
2019 |
Executive Director |
Alex Hamilton |
2019 |
Executive Director |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
|
|
|
|
|
|
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| ||
|
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 |
|
|
MORNINGSTAR® US SMALL CAP TARGET MARKET EXPOSURE EXTENDED INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Nicholas D’Eramo |
2020 |
Executive Director |
Michael Loeffler |
2020 |
Executive Director |
Oliver Furby |
2020 |
Executive Director |
Alex Hamilton |
2020 |
Executive Director |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
|
|
|
|
|
|
|
|
|
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|
| ||
|
Past |
Life of Fund since |
|
1 Year |
|
SHARES |
|
|
Return Before Taxes |
|
|
Return After Taxes on Distributions |
|
|
Return After Taxes on Distributions and Sale of Fund Shares |
|
|
JPMORGAN ASSET MANAGEMENT CARBON TRANSITION U.S. EQUITY INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
RUSSELL 1000 INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Yazann Romahi |
2020 |
Managing Director |
Alistair Lowe |
2020 |
Managing Director |
Aijaz Hussain |
2020 |
Vice President |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
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 |
|
|
|
JP MORGAN DIVERSIFIED FACTOR EMERGING MARKETS EQUITY INDEX (Net of Foreign Withholding Taxes) (Reflects No Deduction for Fees, Expenses, or Taxes, Except Foreign Withholding Taxes) |
|
|
|
FTSE EMERGING INDEX (Net of Foreign Withholding Taxes) (Reflects No Deduction for Fees, Expenses, or Taxes, Except Foreign Withholding Taxes) |
- |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Yazann Romahi |
2017 |
Managing Director |
Alistair Lowe |
2021 |
Managing Director |
Joe Staines |
2017 |
Vice President |
Kartik Aiyar |
2017 |
Vice President |
Yegang (Steven) Wu |
2021 |
Vice President |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life of Fund since |
|
1 Year |
5 Years |
|
SHARES |
|
|
|
Return Before Taxes |
|
|
|
Return After Taxes on Distributions |
|
|
|
Return After Taxes on Distributions and Sale of Fund Shares |
|
|
|
JP MORGAN DIVERSIFIED FACTOR INTERNATIONAL EQUITY INDEX (Net of Foreign Withholding Taxes) (Reflects No Deduction for Fees, Expenses, or Taxes, Except Foreign Withholding Taxes) |
|
|
|
FTSE DEVELOPED EX NORTH AMERICA INDEX (Net of Foreign Withholding Taxes) (Reflects No Deduction for Fees, Expenses, or Taxes, Except Foreign Withholding Taxes) |
|
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Yazann Romahi |
2017 |
Managing Director |
Alistair Lowe |
2021 |
Managing Director |
Wei (Victor) Li |
2017 |
Executive Director |
Joe Staines |
2017 |
Vice President |
Kartik Aiyar |
2017 |
Vice President |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
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 |
|
|
|
JP MORGAN DIVERSIFIED FACTOR US EQUITY INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
|
RUSSELL 1000 INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Yazann Romahi |
2016 |
Managing Director |
Alistair Lowe |
2021 |
Managing Director |
Joe Staines |
2016 |
Vice President |
Yegang (Steven) Wu |
2016 |
Vice President |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life of Fund since |
|
1 Year |
5 Years |
|
SHARES |
|
|
|
Return Before Taxes |
|
|
|
Return After Taxes on Distributions |
|
|
|
Return After Taxes on Distributions and Sale of Fund Shares |
|
|
|
JP MORGAN DIVERSIFIED FACTOR US MID CAP EQUITY INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
|
RUSSELL MIDCAP INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Yazann Romahi |
2016 |
Managing Director |
Alistair Lowe |
2021 |
Managing Director |
Joe Staines |
2016 |
Vice President |
Yegang (Steven) Wu |
2016 |
Vice President |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
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 |
|
|
|
JP MORGAN DIVERSIFIED FACTOR US SMALL CAP EQUITY INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
|
RUSSELL 2000 INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Yazann Romahi |
2016 |
Managing Director |
Alistair Lowe |
2021 |
Managing Director |
Joe Staines |
2016 |
Vice President |
Yegang (Steven) Wu |
2016 |
Vice President |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
Past |
Life of Fund since |
|
1 Year |
|
SHARES |
|
|
Return Before Taxes |
|
|
Return After Taxes on Distributions |
|
|
Return After Taxes on Distributions and Sale of Fund Shares |
|
|
JP MORGAN US DIVIDEND INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
RUSSELL 1000 INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
RUSSELL 1000 VALUE INDEX1 (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Yazann Romahi |
2017 |
Managing Director |
Alistair Lowe |
2021 |
Managing Director |
Joe Staines |
2017 |
Vice President |
Yegang (Steven) Wu |
2017 |
Vice President |
Aijaz Hussain |
2017 |
Vice President |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
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 |
|
|
JP MORGAN US MINIMUM VOLATILITY INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
RUSSELL 1000 INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Yazann Romahi |
2017 |
Managing Director |
Alistair Lowe |
2021 |
Managing Director |
Joe Staines |
2017 |
Vice President |
Yegang (Steven) Wu |
2017 |
Vice President |
Aijaz Hussain |
2017 |
Vice President |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
Past |
Life of Fund since |
|
1 Year |
|
SHARES |
|
|
Return Before Taxes |
|
|
Return After Taxes on Distributions |
|
|
Return After Taxes on Distributions and Sale of Fund Shares |
|
|
JP MORGAN US MOMENTUM FACTOR INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
RUSSELL 1000 GROWTH INDEX1 (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
RUSSELL 1000 INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Yazann Romahi |
2017 |
Managing Director |
Alistair Lowe |
2021 |
Managing Director |
Joe Staines |
2017 |
Vice President |
Yegang (Steven) Wu |
2017 |
Vice President |
Aijaz Hussain |
2017 |
Vice President |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
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 |
|
|
JP MORGAN US QUALITY FACTOR INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
RUSSELL 1000 INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Yazann Romahi |
2017 |
Managing Director |
Alistair Lowe |
2021 |
Managing Director |
Joe Staines |
2017 |
Vice President |
Yegang (Steven) Wu |
2017 |
Vice President |
Aijaz Hussain |
2017 |
Vice President |
| |
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 |
|
|
JP MORGAN US VALUE FACTOR INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
RUSSELL 1000 INDEX (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
RUSSELL 1000 VALUE INDEX1 (Reflects No Deduction for Fees, Expenses, or Taxes) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Yazann Romahi |
2017 |
Managing Director |
Alistair Lowe |
2021 |
Managing Director |
Joe Staines |
2017 |
Vice President |
Yegang (Steven) Wu |
2017 |
Vice President |
Aijaz Hussain |
2017 |
Vice President |
UNDERLYING INDEX CHARACTERISTICS |
Value — Targets equity securities with attractive prices relative to their region and super-sector peers based on fundamental characteristics of book yield, earnings yield, dividend yield and cash flow yield. |
Momentum — A tendency that stocks that are rising in price tend to continue to rise, while those that are falling tend to continue to fall. Targets equity securities which have higher risk-adjusted returns relative to those of their region and super-sector peers over a twelve month period. The twelve month returns are divided by the twelve month volatility of the returns to get the risk-adjusted returns. |
Quality — Targets equity securities with higher quality characteristics relative to their region and super-sector peers as measured by profitability, earnings quality and solvency/financial risk. |
UNDERLYING INDEX CHARACTERISTICS |
Value — Targets equity securities with attractive prices relative to their region and/or sector peers based on fundamental characteristics of book yield, earnings yield, dividend yield and cash flow yield. |
Momentum — A tendency that stocks that are rising in price tend to continue to rise, while those that are falling tend to continue to fall. Targets equity securities which have higher risk-adjusted returns relative to those of their region and/or sector peers over a twelve month period. The twelve month returns are divided by the twelve month volatility of the returns to get the risk-adjusted returns. |
Quality — Targets equity securities with higher quality characteristics relative to their region and/or sector peers as measured by profitability, earnings quality and solvency/financial risk. |
UNDERLYING INDEX CHARACTERISTICS |
Value — Targets equity securities with attractive prices relative to their sector peers based on fundamental characteristics of book yield, earnings yield, dividend yield and cash flow yield. |
Momentum — A tendency that stocks that are rising in price tend to continue to rise, while those that are falling tend to continue to fall. Targets equity securities which have higher risk-adjusted returns relative to those of their sector peers over a twelve month period. The twelve month returns are divided by the twelve month volatility of the returns to get the risk-adjusted returns. |
Quality — Targets equity securities with higher quality characteristics relative to their sector peers as measured by profitability, earnings quality and solvency/financial risk. |
UNDERLYING INDEX CHARACTERISTICS |
Value — Targets equity securities with attractive prices relative to their sector peers based on fundamental characteristics of book yield, earnings yield, dividend yield and cash flow yield. |
Momentum — A tendency that stocks that are rising in price tend to continue to rise, while those that are falling tend to continue to fall. Targets equity securities which have higher risk-adjusted returns relative to those of their sector peers over a twelve month period. The twelve month returns are divided by the twelve month volatility of the returns to get the risk-adjusted returns. |
Quality — Targets equity securities with higher quality characteristics relative to their sector peers as measured by profitability, earnings quality and solvency/financial risk. |
UNDERLYING INDEX CHARACTERISTICS |
Value — Targets equity securities with attractive prices relative to their sector peers based on fundamental char- acteristics of book yield, earnings yield, dividend yield and cash flow yield. |
Momentum — A tendency that stocks that are rising in price tend to continue to rise, while those that are falling tend to continue to fall. Targets equity securities which have higher risk-adjusted returns relative to those of their sector peers over a twelve month period. The twelve month returns are divided by the twelve month volatility of the returns to get the risk-adjusted returns. |
Quality — Targets equity securities with higher quality characteristics relative to their sector peers as measured by profitability, earnings quality and solvency/financial risk. |
UNDERLYING INDEX CHARACTERISTIC |
Momentum — A tendency that stocks that are rising in price tend to continue to rise, while those that are falling tend to continue to fall. Targets equity securities which have higher risk-adjusted returns relative to those of their sector peers over a twelve month period. The twelve month returns are divided by the twelve month volatility of the returns to get the risk-adjusted returns. |
UNDERLYING INDEX CHARACTERISTIC |
Quality — Targets equity securities with higher quality characteristics relative to their sector peers as measured by profitability, earnings quality and solvency/financial risk. |
UNDERLYING INDEX CHARACTERISTIC |
Value — Targets equity securities with attractive prices relative to their sector peers based on fundamental characteristics of book yield, earnings yield, dividend yield and cash flow yield. |
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. |
|
BetaBuilders Canada ETF |
BetaBuilders Developed Asia Pacific ex-Japan ETF |
BetaBuilders Europe ETF |
BetaBuilders International Equity ETF |
BetaBuilders Japan ETF |
BetaBuilders U.S. Equity ETF |
BetaBuilders U.S. Mid Cap Equity ETF |
BetaBuilders U.S. Small Cap Equity ETF |
Carbon Transition U.S. Equity ETF |
Diversified Return Emerging Markets Equity ETF |
Authorized Participant Concentration Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Carbon Transition Investment Strategy Risk |
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|
|
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|
• |
|
Cash Transactions Risk |
|
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|
|
|
|
|
• |
Concentration Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
○ |
Consumer Discretionary Sector Risk |
|
|
|
|
• |
|
|
|
|
|
Currency Risk |
• |
• |
• |
• |
• |
|
|
|
|
• |
Cyber Security Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
|
○ |
Derivatives Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Diversification Risk |
• |
• |
• |
• |
• |
• |
• |
• |
|
|
Energy Sector Risk |
• |
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|
|
Equity Market Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Exchange-Traded Fund (ETF) and Other Investment Company Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Financials Sector Risk |
• |
• |
• |
• |
|
|
• |
• |
|
• |
Foreign Securities and Emerging Markets Risk |
• |
• |
• |
• |
• |
|
|
|
|
• |
General Market Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Geographic Focus Risk |
• |
• |
• |
• |
• |
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|
|
• |
Health Care Sector Risk |
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|
• |
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|
• |
|
|
Index Related Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Industrials Sector Risk |
|
|
• |
• |
• |
|
• |
• |
|
|
Industry and Sector Focus Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Information Technology Sector Risk |
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|
|
• |
• |
|
|
|
Large Cap Company Risk |
• |
• |
• |
• |
• |
• |
|
|
• |
• |
Market Trading Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
New Fund Risk |
|
|
|
○ |
|
○ |
○ |
○ |
○ |
|
Passive Management Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Preferred Stock Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
|
○ |
Sampling Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Securities Lending Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Smaller Company Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
|
BetaBuilders Canada ETF |
BetaBuilders Developed Asia Pacific ex-Japan ETF |
BetaBuilders Europe ETF |
BetaBuilders International Equity ETF |
BetaBuilders Japan ETF |
BetaBuilders U.S. Equity ETF |
BetaBuilders U.S. Mid Cap Equity ETF |
BetaBuilders U.S.Small Cap Equity ETF |
Carbon Transition U.S. Equity ETF |
Diversified Return Emerging Markets Equity ETF |
Technology Sector Risk |
|
|
|
|
|
|
|
|
• |
|
Transactions and Liquidity Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Volcker Rule Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
|
Diversified Return International Equity ETF |
Diversified Return U.S. Equity ETF |
Diversified Return U.S. Mid Cap Equity ETF |
Diversified Return U.S. Small Cap Equity ETF |
U.S. Dividend ETF |
U.S. Minimum Volatility ETF |
U.S. Momentum Factor ETF |
U.S. Quality Factor ETF |
U.S. Value Factor ETF |
Authorized Participant Concentration Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Concentration Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Consumer Discretionary Sector Risk |
|
|
|
|
|
|
• |
• |
• |
Consumer Staples Sector Risk |
|
|
|
|
• |
• |
|
|
|
Currency Risk |
• |
|
|
|
|
|
|
|
|
Cyber Security Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Derivatives Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Dividend Paying Securities Risk |
|
|
|
|
• |
|
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|
|
|
Diversified Return International Equity ETF |
Diversified Return U.S. Equity ETF |
Diversified Return U.S. Mid Cap Equity ETF |
Diversified Return U.S. Small Cap Equity ETF |
U.S. Dividend ETF |
U.S. Minimum Volatility ETF |
U.S. Momentum Factor ETF |
U.S. Quality Factor ETF |
U.S. Value Factor ETF |
Equity Market Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Exchange-Traded Fund (ETF) and Other Investment Company Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Foreign Securities and Emerging Markets Risk |
• |
|
|
|
|
|
|
|
|
General Market Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Geographic Focus Risk |
• |
|
|
|
|
|
|
|
|
Health Care Sector Risk |
|
|
|
|
|
• |
|
|
|
Index Related Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Industry and Sector Focus Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Large Cap Company Risk |
• |
• |
|
|
• |
• |
• |
• |
• |
Market Trading Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Momentum Investing Risk |
|
|
|
|
|
|
• |
|
|
Passive Management Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Preferred Stock Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Risk of Investing in Quality Companies |
|
|
|
|
|
|
|
• |
|
Sampling Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Securities Lending Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Smaller Company Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Technology Sector Risk |
|
|
|
|
|
|
• |
• |
• |
Transactions and Liquidity Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Utilities Sector Risk |
|
|
|
|
• |
• |
|
|
|
Value Investing Risk |
|
|
|
|
|
|
|
|
• |
Volatility Risk |
|
|
|
|
|
• |
|
|
|
Volcker Rule Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
WHAT IS A DERIVATIVE? |
Derivatives are securities or contracts (for example, futures) that derive their value from the performance of underlying assets or securities. |
JPMorgan BetaBuilders Canada ETF |
0.19% |
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF |
0.19 |
JPMorgan BetaBuilders Europe ETF |
0.09 |
JPMorgan BetaBuilders International Equity ETF |
0.07 |
JPMorgan BetaBuilders Japan ETF |
0.19 |
JPMorgan BetaBuilders U.S. Equity ETF |
0.02 |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF |
0.07 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF |
0.09 |
JPMorgan Carbon Transition U.S. Equity ETF |
0.15 |
JPMorgan Diversified Return Emerging Markets Equity ETF |
0.44 |
JPMorgan Diversified Return International Equity ETF |
0.37 |
JPMorgan Diversified Return U.S. Equity ETF |
0.18 |
JPMorgan Diversified Return U.S. Mid Cap Equity ETF |
0.24 |
JPMorgan Diversified Return U.S. Small Cap Equity ETF |
0.29 |
JPMorgan U.S. Dividend ETF |
0.12 |
JPMorgan U.S. Minimum Volatility ETF |
0.12 |
JPMorgan U.S. Momentum Factor ETF |
0.12 |
JPMorgan U.S. Quality Factor ETF |
0.12 |
JPMorgan U.S. Value Factor ETF |
0.12 |
|
|
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 |
JPMorgan BetaBuilders Canada ETF |
|
|
|
|
|
Year Ended October 31, 2021 (h) |
$45.99 |
$1.38 |
$21.78 |
$23.16 |
$(1.35) |
Year Ended October 31, 2020 (h) |
49.78 |
1.29 |
(3.82) |
(2.53) |
(1.26) |
Year Ended October 31, 2019 (h) |
45.19 |
1.31 |
4.47 |
5.78 |
(1.19) |
August 7, 2018 (f) through October 31, 2018 (h) |
49.31 |
0.29 |
(4.31) |
(4.02) |
(0.10) |
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (formerly known as JPMorgan BetaBuilders Developed Asia ex-Japan ETF) |
|
|
|
|
|
Year Ended October 31, 2021 (h) |
44.97 |
2.44 |
11.48 |
13.92 |
(2.00) |
Year Ended October 31, 2020 (h) |
50.63 |
1.58 |
(5.65) |
(4.07) |
(1.59) |
Year Ended October 31, 2019 (h) |
45.36 |
2.10 |
5.17 |
7.27 |
(2.00) |
August 7, 2018 (f) through October 31, 2018 (h) |
50.73 |
0.44 |
(5.48) |
(5.04) |
(0.33) |
JPMorgan BetaBuilders Europe ETF |
|
|
|
|
|
Year Ended October 31, 2021 (h) |
43.29 |
1.67 |
16.19 |
17.86 |
(1.41) |
Year Ended October 31, 2020 (h) |
48.71 |
1.08 |
(5.43) |
(4.35) |
(1.07) |
Year Ended October 31, 2019 (h) |
45.19 |
1.79 |
3.28 |
5.07 |
(1.55) |
June 15, 2018 (f) through October 31, 2018 (h) |
49.58 |
0.26 |
(4.58) |
(4.32) |
(0.07) |
JPMorgan BetaBuilders International Equity ETF |
|
|
|
|
|
Year Ended October 31, 2021 |
46.20 |
1.67 |
14.10 |
15.77 |
(1.44) |
December 3, 2019 (f) through October 31, 2020 |
49.79 |
1.05 |
(4.26)(k) |
(3.21) |
(0.38) |
JPMorgan BetaBuilders Japan ETF |
|
|
|
|
|
Year Ended October 31, 2021 (h) |
48.39 |
1.04 |
8.36 |
9.40 |
(0.63) |
Year Ended October 31, 2020 (h) |
49.07 |
0.84 |
(0.39) |
0.45 |
(1.13) |
Year Ended October 31, 2019 (h) |
45.45 |
0.97 |
2.93 |
3.90 |
(0.28) |
June 15, 2018 (f) through October 31, 2018 (h) |
49.58 |
0.48 |
(4.61) |
(4.13) |
— |
JPMorgan BetaBuilders U.S. Equity ETF |
|
|
|
|
|
Year Ended October 31, 2021 |
59.59 |
1.02 |
24.48 |
25.50 |
(0.94) |
Year Ended October 31, 2020 |
54.60 |
1.14 |
4.83 |
5.97 |
(0.98) |
March 12, 2019 (f) through October 31, 2019 |
50.14 |
0.68 |
4.29 |
4.97 |
(0.51) |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF |
|
|
|
|
|
Year Ended October 31, 2021 |
64.16 |
0.90 |
29.27 |
30.17 |
(0.74) |
April 14, 2020 (f) through October 31, 2020 |
50.78 |
0.33 |
13.32(k) |
13.65 |
(0.27) |
|
|
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) | |
|
|
|
|
|
|
|
|
| |
$67.80 |
$67.98 |
50.77% |
50.84% |
$6,071,268,619 |
0.19% |
2.28% |
0.19% |
2% | |
45.99 |
46.10 |
(4.98) |
(4.81) |
3,640,211,260 |
0.19 |
2.74 |
0.19 |
4 | |
49.78 |
49.80 |
13.08 |
12.97 |
3,800,754,020 |
0.19 |
2.73 |
0.34 (i) |
7 | |
45.19 |
45.24 |
(8.18) |
(8.05)(g) |
2,044,698,826 |
0.19(j) |
2.55 |
0.37 (i)(j) |
1 | |
|
|
|
|
|
|
|
|
| |
56.89 |
57.12 |
31.14 |
31.26 |
4,113,118,547 |
0.19 |
4.26 |
0.19 |
6 | |
44.97 |
45.10 |
(7.87) |
(7.45) |
1,465,970,894 |
0.19 |
3.40 |
0.19 |
6 | |
50.63 |
50.54 |
16.18 |
15.94 |
1,442,853,830 |
0.19 |
4.22 |
0.39 (i) |
7 | |
45.36 |
45.38 |
(9.97) |
(9.93)(g) |
603,313,934 |
0.19(j) |
3.94 |
0.45 (i)(j) |
2 | |
|
|
|
|
|
|
|
|
| |
59.74 |
59.92 |
41.54 |
41.77 |
9,427,453,378 |
0.09 |
2.92 |
0.09 |
6 | |
43.29 |
43.34 |
(8.92) |
(8.90) |
3,701,005,509 |
0.09 |
2.33 |
0.09 |
5 | |
48.71 |
48.78 |
11.43 |
11.32 |
3,853,145,624 |
0.09 |
3.83 |
0.25 (i) |
7 | |
45.19 |
45.28 |
(8.75) |
(8.55)(g) |
1,314,930,292 |
0.09 (j) |
1.45 |
0.34 (i)(j) |
2 | |
|
|
|
|
|
|
|
|
| |
60.53 |
60.64 |
34.26 |
34.24 |
3,680,140,678 |
0.07 |
2.85 |
0.07 |
5 | |
46.20 |
46.29 |
(6.45) |
(6.27)(g) |
1,866,670,302 |
0.07 |
2.40 |
0.07 |
8 | |
|
|
|
|
|
|
|
|
| |
57.16 |
57.21 |
19.47 |
18.98 |
7,864,537,853 |
0.19 |
1.83 |
0.19 |
3 | |
48.39 |
48.64 |
0.87 |
1.24 |
5,323,035,447 |
0.19 |
1.77 |
0.19 |
5 | |
49.07 |
49.14 |
8.74 |
9.07 |
4,318,521,919 |
0.19 |
2.14 |
0.33 (i) |
4 | |
45.45 |
45.36 |
(8.35) |
(8.51)(g) |
2,336,087,667 |
0.19 (j) |
2.63 |
0.37 (i)(j) |
5 | |
|
|
|
|
|
|
|
|
| |
84.15 |
84.11 |
43.02 |
42.97 |
782,605,972 |
0.02 |
1.34 |
0.02 |
4 | |
59.59 |
59.58 |
11.09 |
11.05 |
238,372,575 |
0.02 |
1.99 |
0.02 |
4 | |
54.60 |
54.61 |
9.95 |
9.97(g) |
46,409,125 |
0.02 |
2.01 |
0.02 |
3 | |
|
|
|
|
|
|
|
|
| |
93.59 |
93.68 |
47.15 |
47.52 |
1,698,624,114 |
0.07 |
1.05 |
0.07 |
27 | |
64.16 |
64.06 |
26.91 |
26.71(g) |
988,131,953 |
0.07 |
0.91 |
0.07 |
7 |
|
|
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 |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF |
|
|
|
|
|
November 16, 2020 (f) through October 31, 2021 |
$51.27 |
$0.62 |
$16.04 |
$16.66 |
$(0.44) |
JPMorgan Carbon Transition U.S. Equity ETF |
|
|
|
|
|
December 9, 2020 (f) through October 31, 2021 |
49.29 |
0.63 |
12.95 |
13.58 |
(0.54) |
JPMorgan Diversified Return Emerging Markets Equity ETF |
|
|
|
|
|
Year Ended October 31, 2021 |
46.47 |
1.81 |
10.70 |
12.51 |
(1.99) |
Year Ended October 31, 2020 |
54.43 |
1.46 |
(7.48) |
(6.02) |
(1.94) |
Year Ended October 31, 2019 |
50.91 |
2.07 |
2.97 |
5.04 |
(1.52) |
Year Ended October 31, 2018 |
57.15 |
1.59 |
(5.37) |
(3.78) |
(2.46) |
Year Ended October 31, 2017 |
48.68 |
1.50 |
7.56 |
9.06 |
(0.59) |
JPMorgan Diversified Return International Equity ETF |
|
|
|
|
|
Year Ended October 31, 2021 |
49.84 |
1.91 |
11.03 |
12.94 |
(1.76) |
Year Ended October 31, 2020 |
55.06 |
1.35 |
(5.01) |
(3.66) |
(1.56) |
Year Ended October 31, 2019 |
53.10 |
1.77 |
1.90 |
3.67 |
(1.71) |
Year Ended October 31, 2018 |
59.18 |
1.51 |
(5.29) |
(3.78) |
(2.30) |
Year Ended October 31, 2017 |
50.00 |
1.43 |
8.57 |
10.00 |
(0.82) |
JPMorgan Diversified Return U.S. Equity ETF |
|
|
|
|
|
Year Ended October 31, 2021 |
73.52 |
1.71 |
27.76 |
29.47 |
(1.56) |
Year Ended October 31, 2020 |
76.44 |
1.65 |
(2.82) |
(1.17) |
(1.75) |
Year Ended October 31, 2019 |
69.92 |
1.66 |
6.34 |
8.00 |
(1.48) |
Year Ended October 31, 2018 |
68.52 |
1.39 |
1.88 |
3.27 |
(1.87) |
Year Ended October 31, 2017 |
57.06 |
1.17 |
10.75 |
11.92 |
(0.46) |
JPMorgan Diversified Return U.S. Mid Cap Equity ETF |
|
|
|
|
|
Year Ended October 31, 2021 |
64.77 |
1.30 |
27.36 |
28.66 |
(1.20) |
Year Ended October 31, 2020 |
67.13 |
1.18 |
(2.38) |
(1.20) |
(1.16) |
Year Ended October 31, 2019 |
62.24 |
1.18 |
4.78 |
5.96 |
(1.07) |
Year Ended October 31, 2018 |
62.06 |
1.06 |
0.59 |
1.65 |
(1.47) |
Year Ended October 31, 2017 |
51.65 |
0.89 |
10.02 |
10.91 |
(0.50) |
JPMorgan Diversified Return U.S. Small Cap Equity ETF |
|
|
|
|
|
Year Ended October 31, 2021 |
28.87 |
0.46 |
16.35 |
16.81 |
(0.48) |
Year Ended October 31, 2020 |
30.84 |
0.44 |
(2.01) |
(1.57) |
(0.40) |
Year Ended October 31, 2019 |
29.58 |
0.42 |
1.22 |
1.64 |
(0.38) |
Year Ended October 31, 2018 |
28.95 |
0.33 |
0.73 |
1.06 |
(0.43) |
November 15, 2016 (f) through October 31, 2017 |
25.00 |
0.28 |
3.71 |
3.99 |
(0.04) |
|
|
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) | |
|
|
|
|
|
|
|
|
| |
$67.49 |
$67.56 |
32.56% |
32.70%(g) |
$442,061,490 |
0.09% |
0.98% |
0.09% |
27% | |
|
|
|
|
|
|
|
|
| |
62.33 |
62.34 |
27.68 |
27.70 (g) |
24,933,394 |
0.15 |
1.26 |
0.15 |
27 | |
|
|
|
|
|
|
|
|
| |
56.99 |
57.05 |
26.93 |
27.80 |
153,882,748 |
0.44 |
3.18 |
0.44 |
29 | |
46.47 |
46.21 |
(11.20) |
(11.80) |
213,760,142 |
0.44 |
2.97 |
0.44 |
26 | |
54.43 |
54.50 |
10.00 |
10.31 |
353,795,416 |
0.45 |
3.87 |
0.87 (h) |
51 | |
50.91 |
50.83 |
(6.93) |
(7.43) |
213,804,252 |
0.45 |
2.80 |
0.96 (h) |
53 | |
57.15 |
57.36 |
18.95 |
18.65 |
165,741,046 |
0.45 |
2.85 |
1.06 (h) |
60 | |
|
|
|
|
|
|
|
|
| |
61.02 |
61.08 |
26.00 |
26.08 |
842,016,222 |
0.37 |
3.14 |
0.37 |
35 | |
49.84 |
49.86 |
(6.72) |
(6.62) |
867,200,124 |
0.37 |
2.61 |
0.37 |
23 | |
55.06 |
55.02 |
7.05 |
7.23 |
1,282,867,303 |
0.38 |
3.27 |
0.41 (h) |
25 | |
53.10 |
52.98 |
(6.72) |
(7.22) |
1,444,332,261 |
0.40 |
2.57 |
0.44 (h) |
28 | |
59.18 |
59.36 |
20.35 |
20.30 |
1,159,887,006 |
0.43 |
2.63 |
0.51 (h) |
29 | |
|
|
|
|
|
|
|
|
| |
101.43 |
101.46 |
40.36 |
40.44 |
710,012,574 |
0.18 |
1.86 |
0.18 |
33 | |
73.52 |
73.50 |
(1.40) |
(1.44) |
536,709,641 |
0.18 |
2.26 |
0.18 |
21 | |
76.44 |
76.45 |
11.65 |
11.65 |
802,625,997 |
0.19 |
2.27 |
0.37 (h) |
24 | |
69.92 |
69.93 |
4.74 |
4.70 |
559,362,329 |
0.19 |
1.95 |
0.41 (h) |
32 | |
68.52 |
68.55 |
20.99 |
21.02 |
356,298,771 |
0.21 |
1.83 |
0.47 (h) |
27 | |
|
|
|
|
|
|
|
|
| |
92.23 |
92.30 |
44.51 |
44.73 |
239,808,712 |
0.24 |
1.57 |
0.24 |
34 | |
64.77 |
64.72 |
(1.66) |
(1.79) |
220,207,846 |
0.24 |
1.86 |
0.24 |
28 | |
67.13 |
67.17 |
9.73 |
9.78 |
187,973,791 |
0.24 |
1.82 |
0.43 (h) |
25 | |
62.24 |
62.25 |
2.59 |
2.57 |
112,028,180 |
0.24 |
1.64 |
0.50 (h) |
35 | |
62.06 |
62.08 |
21.25 |
21.31 |
62,063,250 |
0.26 |
1.54 |
0.62 (h) |
31 | |
|
|
|
|
|
|
|
|
| |
45.20 |
45.24 |
58.49 |
58.25 |
176,262,186 |
0.29 |
1.13 |
0.29 |
37 | |
28.87 |
28.94 |
(4.99) |
(4.85) |
148,672,825 |
0.29 |
1.54 |
0.29 |
30 | |
30.84 |
30.87 |
5.64 |
5.75 |
140,343,327 |
0.29 |
1.40 |
0.54 (h) |
43 | |
29.58 |
29.58 |
3.61 |
3.43 |
96,135,254 |
0.29 |
1.08 |
0.61 (h) |
30 | |
28.95 |
29.00 |
15.96 |
16.16 (g) |
55,011,105 |
0.31 (i) |
1.08 |
0.97 (h)(i) |
24 |
|
|
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 |
JPMorgan U.S. Dividend ETF |
|
|
|
|
|
Year Ended October 31, 2021 |
$23.31 |
$0.90 |
$9.35 |
$10.25 |
$(1.00) |
Year Ended October 31, 2020 |
27.09 |
0.91 |
(3.79) |
(2.88) |
(0.90) |
Year Ended October 31, 2019 |
24.92 |
0.93 |
2.11 |
3.04 |
(0.87) |
November 8, 2017 (f) through October 31, 2018 |
25.00 |
0.96 |
(0.17) |
0.79 |
(0.87) |
JPMorgan U.S. Minimum Volatility ETF |
|
|
|
|
|
Year Ended October 31, 2021 |
29.06 |
0.63 |
7.67 |
8.30 |
(0.70) |
Year Ended October 31, 2020 |
30.21 |
0.67 |
(1.10) |
(0.43) |
(0.72) |
Year Ended October 31, 2019 |
26.14 |
0.64 |
3.95 |
4.59 |
(0.52) |
November 8, 2017 (f) through October 31, 2018 |
25.00 |
0.59 |
1.08 |
1.67 |
(0.53) |
JPMorgan U.S. Momentum Factor ETF |
|
|
|
|
|
Year Ended October 31, 2021 |
33.68 |
0.34 |
14.00 |
14.34 |
(0.31) |
Year Ended October 31, 2020 |
29.04 |
0.35 |
4.63 |
4.98 |
(0.34) |
Year Ended October 31, 2019 |
25.98 |
0.37 |
2.99 |
3.36 |
(0.30) |
November 8, 2017 (f) through October 31, 2018 |
25.00 |
0.35 |
0.95 |
1.30 |
(0.32) |
JPMorgan U.S. Quality Factor ETF |
|
|
|
|
|
Year Ended October 31, 2021 |
31.53 |
0.60 |
11.91 |
12.51 |
(0.59) |
Year Ended October 31, 2020 |
29.74 |
0.56 |
1.70 |
2.26 |
(0.47) |
Year Ended October 31, 2019 |
26.56 |
0.58 |
3.11 |
3.69 |
(0.51) |
November 8, 2017 (f) through October 31, 2018 |
25.00 |
0.52 |
1.52 |
2.04 |
(0.48) |
JPMorgan U.S. Value Factor ETF |
|
|
|
|
|
Year Ended October 31, 2021 |
24.99 |
0.72 |
12.03 |
12.75 |
(0.65) |
Year Ended October 31, 2020 |
27.29 |
0.77 |
(2.29) |
(1.52) |
(0.78) |
Year Ended October 31, 2019 |
25.21 |
0.75 |
1.97 |
2.72 |
(0.64) |
November 8, 2017 (f) through October 31, 2018 |
25.00 |
0.64 |
0.16 |
0.80 |
(0.59) |
|
|
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) | |
|
|
|
|
|
|
|
|
| |
$32.56 |
$32.59 |
44.70% |
45.15% |
$48,842,278 |
0.12% |
2.92% |
0.12% |
32% | |
23.31 |
23.26 |
(10.50) |
(10.72) |
34,965,403 |
0.12 |
3.78 |
0.12 |
26 | |
27.09 |
27.10 |
12.57 |
12.69 |
40,631,525 |
0.12 |
3.59 |
0.63 (h) |
20 | |
24.92 |
24.90 |
3.08 |
2.99 (g) |
27,411,126 |
0.12 (i) |
3.81 |
0.76 (h)(i) |
24 | |
|
|
|
|
|
|
|
|
| |
36.66 |
36.69 |
28.87 |
29.38 |
20,160,648 |
0.12 |
1.88 |
0.12 |
22 | |
29.06 |
28.97 |
(1.32) |
(1.69) |
37,773,538 |
0.12 |
2.29 |
0.12 |
23 | |
30.21 |
30.23 |
17.82 |
17.90 |
107,244,658 |
0.12 |
2.22 |
0.54 (h) |
15 | |
26.14 |
26.14 |
6.69 |
6.69 (g) |
27,445,770 |
0.12 (i) |
2.33 |
0.76 (h)(i) |
17 | |
|
|
|
|
|
|
|
|
| |
47.71 |
47.68 |
42.72 |
42.38 |
221,858,171 |
0.12 |
0.80 |
0.12 |
44 | |
33.68 |
33.74 |
17.33 |
17.50 |
134,743,086 |
0.12 |
1.11 |
0.12 |
39 | |
29.04 |
29.05 |
13.06 |
13.06 |
56,620,589 |
0.12 |
1.35 |
0.55 (h) |
52 | |
25.98 |
25.99 |
5.17 |
5.21 (g) |
28,575,370 |
0.12 (i) |
1.32 |
0.74 (h)(i) |
44 | |
|
|
|
|
|
|
|
|
| |
43.45 |
43.48 |
39.97 |
40.02 |
393,204,091 |
0.12 |
1.56 |
0.12 |
21 | |
31.53 |
31.54 |
7.72 |
7.68 |
384,671,209 |
0.12 |
1.81 |
0.12 |
20 | |
29.74 |
29.76 |
14.10 |
14.18 |
107,067,872 |
0.12 |
2.05 |
0.50 (h) |
21 | |
26.56 |
26.56 |
8.15 |
8.15 (g) |
29,215,267 |
0.12 (i) |
2.01 |
0.74 (h)(i) |
22 | |
|
|
|
|
|
|
|
|
| |
37.09 |
37.08 |
51.38 |
51.88 |
400,579,487 |
0.12 |
2.01 |
0.12 |
34 | |
24.99 |
24.90 |
(5.39) |
(5.76) |
62,468,155 |
0.12 |
2.99 |
0.12 |
25 | |
27.29 |
27.30 |
11.01 |
11.05 |
66,849,642 |
0.12 |
2.90 |
0.52 (h) |
22 | |
25.21 |
25.21 |
3.12 |
3.12 (g) |
28,986,509 |
0.12 (i) |
2.52 |
0.75 (h)(i) |
26 |
|
Ticker |
Listing Exchange |
JPMorgan ActiveBuilders Emerging Markets Equity ETF (formerly, JPMorgan Emerging Markets Equity Core ETF) |
JEMA |
Cboe BZX Exchange, Inc. |
JPMorgan ActiveBuilders International Equity ETF |
JIDA |
NYSE Arca |
JPMorgan International Growth ETF |
JIG |
NYSE Arca |
| |
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 |
Anuj Arora |
2021 |
Managing Director |
Joyce Weng |
2021 |
Executive Director |
Harold Yu |
2022 |
Vice President |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||
|
1 Year |
3 Years |
SHARES ($) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Nicholas Horne |
2021 |
Managing Director |
Philippa Clough |
2021 |
Executive Director |
Richard Morillot |
2021 |
Executive Director |
| |
Management Fees |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
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 |
|
|
MSCI ACWI EX USA GROWTH INDEX (Net of Foreign Withholding Taxes) (Reflects No Deduction for Fees, Expenses, or Taxes, Except Foreign Withholding Taxes) |
|
|
Portfolio Manager |
Managed the Fund Since |
Primary Title with Investment Adviser |
Shane Duffy |
2020 |
Managing Director |
Thomas Murray |
2020 |
Managing Director |
NON-FUNDAMENTAL INVESTMENT OBJECTIVE |
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. |
|
ActiveBuilders Emerging Markets Equity ETF |
ActiveBuilders International Equity ETF |
International Growth ETF |
Asia Pacific Market Risk |
• |
|
|
Authorized Participant Concentration Risk |
• |
• |
• |
Cash Transactions Risk |
• |
|
|
Consumer Discretionary Risk |
|
• |
|
Convertible Securities Risk |
○ |
○ |
|
Currency Risk |
• |
• |
• |
Cyber Security Risk |
○ |
○ |
○ |
Depositary Receipts Risk |
• |
• |
|
Derivatives Risk |
• |
• |
• |
Developed Asia Pacific (ex-Japan) Market Risk |
|
○ |
○ |
Equity Market Risk |
• |
• |
• |
European Market Risk |
|
• |
○ |
Exchange-Traded Fund (ETF) and Other Investment Company Risk |
• |
○ |
|
Financials Sector Risk |
|
• |
|
Foreign Securities and Emerging Markets Risk |
• |
• |
• |
General Market Risk |
• |
• |
• |
Geographic Focus Risk |
• |
• |
• |
Greater China Region Risk |
• |
○ |
○ |
Growth Investing Risk |
|
|
• |
India Risk |
• |
|
|
Industrials Sector Risk |
|
• |
|
Industry and Sector Focus Risk |
• |
• |
• |
Large Cap Company Risk |
|
• |
|
Market Trading Risk |
• |
• |
• |
Middle East and Africa Risk |
○ |
|
|
New Fund Risk |
○ |
○ |
○ |
Preferred Stock Risk |
|
|
• |
Risk of Investing in Japan |
|
• |
○ |
Securities Lending Risk |
○ |
○ |
○ |
Smaller Company Risk |
• |
• |
• |
Transactions and Liquidity 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 ActiveBuilders Emerging Markets Equity ETF |
0.33% |
JPMorgan ActiveBuilders International Equity ETF |
0.25 |
JPMorgan International Growth ETF |
0.55 |
|
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 |
JPMorgan ActiveBuilders Emerging Markets Equity ETF (formerly known as JPMorgan Emerging Markets Equity Core ETF) |
|
|
|
|
|
March 10, 2021 (e) through October 31, 2021 |
$48.00 |
$0.66 |
$(0.74) |
$(0.08) |
$— |
JPMorgan ActiveBuilders International Equity ETF |
|
|
|
|
|
July 7, 2021 (e) through October 31, 2021 |
48.00 |
0.35 |
0.68 |
1.03 |
— |
JPMorgan International Growth ETF |
|
|
|
|
|
Year Ended October 31, 2021 |
62.98 |
0.19 |
15.95 |
16.14 |
(0.03) |
May 20, 2020 (e) through October 31, 2020 |
51.83 |
0.05 |
11.10 |
11.15 |
— |
|
|
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) |
Net assets, end of period |
Net expenses |
Net investment income (loss) |
Expenses without waivers and reimbursements |
Portfolio turnover rate (c) | |
|
|
|
|
|
|
|
|
| |
$47.92 |
$48.17 |
(0.17)% |
0.35%(f) |
$325,863,960 |
0.30%(g) |
2.11% |
0.33%(g) |
40% | |
|
|
|
|
|
|
|
|
| |
49.03 |
49.21 |
2.15 |
2.52 (f) |
29,419,956 |
0.25 |
2.23 |
0.25 |
9 | |
|
|
|
|
|
|
|
|
| |
79.09 |
79.40 |
25.63 |
25.85 |
61,291,950 |
0.55 |
0.25 |
0.55 |
37 | |
62.98 |
63.12 |
21.51 |
21.78 (f) |
37,787,658 |
0.55 |
0.16 |
0.55 |
12 |
Fund Name |
Ticker |
Listing Exchange |
JPMorgan BetaBuilders Canada ETF (the “BetaBuilders Canada ETF”) |
BBCA |
Cboe BZX Exchange, Inc. |
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (formerly, JPMorgan BetaBuilders Developed Asia ex-Japan ETF) (the “BetaBuilders Developed Asia Pacific ex-Japan ETF”) |
BBAX |
Cboe BZX Exchange, Inc. |
JPMorgan BetaBuilders Europe ETF (the “BetaBuilders Europe ETF”) |
BBEU |
Cboe BZX Exchange, Inc. |
JPMorgan BetaBuilders International Equity ETF (the “BetaBuilders International Equity ETF”) |
BBIN |
Cboe BZX Exchange, Inc. |
JPMorgan BetaBuilders Japan ETF (the “BetaBuilders Japan ETF”) |
BBJP |
Cboe BZX Exchange, Inc. |
JPMorgan BetaBuilders U.S. Equity ETF (the “BetaBuilders U.S. Equity ETF”) |
BBUS |
Cboe BZX Exchange, Inc. |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (the “BetaBuilders U.S. Mid Cap Equity ETF”) |
BBMC |
NYSE Arca |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF (the “BetaBuilders U.S. Mid Cap Equity ETF”) |
BBSC |
NYSE Arca |
JPMorgan Carbon Transition U.S. Equity ETF (the “Carbon Transition U.S. Equity ETF”) |
JCTR |
NYSE Arca |
JPMorgan Diversified Return Emerging Markets Equity ETF (the “Emerging Markets Equity ETF”) |
JPEM |
NYSE Arca |
JPMorgan Diversified Return International Equity ETF (the “International Equity ETF”) |
JPIN |
NYSE Arca |
JPMorgan Diversified Return U.S. Equity ETF (the “U.S. Equity ETF”) |
JPUS |
NYSE Arca |
JPMorgan Diversified Return U.S. Mid Cap Equity ETF (the “U.S. Mid Cap Equity ETF”) |
JPME |
NYSE Arca |
JPMorgan Diversified Return U.S. Small Cap Equity ETF (the “U.S. Small Cap Equity ETF”) |
JPSE |
NYSE Arca |
JPMorgan U.S. Dividend ETF (the “U.S. Dividend ETF”) |
JDIV |
NYSE Arca |
JPMorgan U.S. Minimum Volatility ETF (the “U.S. Minimum Volatility ETF”) |
JMIN |
NYSE Arca |
JPMorgan U.S. Momentum Factor ETF (the “U.S. Momentum Factor ETF”) |
JMOM |
NYSE Arca |
JPMorgan U.S. Quality Factor ETF (the “U.S. Quality Factor ETF”) |
JQUA |
NYSE Arca |
JPMorgan U.S. Value Factor ETF (the “U.S. Value Factor ETF”) |
JVAL |
NYSE Arca |
1 | |
1 | |
1 | |
1 | |
3 | |
4 | |
4 | |
4 | |
7 | |
7 | |
8 | |
8 | |
8 | |
11 | |
13 | |
13 | |
14 | |
14 | |
15 | |
15 | |
18 | |
20 | |
21 | |
21 | |
22 | |
23 | |
23 | |
25 | |
25 | |
26 | |
26 | |
27 | |
27 | |
27 | |
27 | |
27 | |
27 | |
27 | |
27 | |
28 |
FUND NAME |
FUND CODE |
BetaBuilders Canada ETF |
1 |
BetaBuilders Developed Asia Pacific ex-Japan ETF |
2 |
BetaBuilders Europe ETF |
3 |
BetaBuilders International Equity ETF |
4 |
BetaBuilders Japan ETF |
5 |
BetaBuilders U.S. Equity ETF |
6 |
BetaBuilders U.S. Mid Cap Equity ETF |
7 |
FUND NAME |
FUND CODE |
BetaBuilders U.S. Small Cap Equity ETF |
8 |
Carbon Transition U.S. Equity ETF |
9 |
Emerging Markets Equity ETF |
10 |
International Equity ETF |
11 |
U.S. Equity ETF |
12 |
U.S. Mid Cap Equity ETF |
13 |
U.S. Small Cap Equity ETF |
14 |
U.S. Dividend ETF |
15 |
U.S. Minimum Volatility ETF |
16 |
U.S. Momentum Factor ETF |
17 |
U.S. Quality Factor ETF |
18 |
U.S. Value Factor ETF |
19 |
Instrument |
Fund Code |
Part II Section Reference |
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. |
1-19 |
Bank Obligations |
Borrowings: A Fund may borrow for temporary purposes and/or for investment purposes. Such a practice will result in leveraging of a Fund’s assets and may cause a 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. |
1-19 |
Miscellaneous Investment Strategies and Risks |
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. |
1-19 |
Commercial Paper |
Common Stock: Shares of ownership of a company. |
1-19 |
Equity Securities, Warrants and Rights |
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. |
1-19 |
Equity Securities, Warrants and Rights |
Convertible Securities: Bonds or preferred stock that can convert to common stock. |
1-7, 9-19 |
Convertible Securities |
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. |
9-10 |
Foreign Investments (including Foreign Currencies) |
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. |
1-19 |
Investment Company Securities and Exchange- Traded Funds |
Instrument |
Fund Code |
Part II Section Reference |
Foreign Currency Transactions: Strategies used to hedge against currency risks, for other risk management purposes or to increase income or gain to the 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. |
1-7, 10-19 |
Foreign Investments (including Foreign Currencies) |
Foreign Investments: Equity securities 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”). A Fund may also use forward foreign currency contracts in connection with its foreign investments. |
1-7, 9-19 |
Foreign Investments (including Foreign Currencies) |
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. |
1-19 |
Investment Company Securities and Exchange- Traded Funds |
Master Limited Partnerships (“MLPs”): Limited partnerships that are publicly traded on a securities exchange. |
6-9, 12-19 |
Master Limited Partnerships |
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. |
1-19 |
Miscellaneous Investment Strategies and Risks |
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 and indexes of securities and (b) futures contracts on securities and indexes of securities. |
1-19 |
Options and Futures Transactions |
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. |
1-19 |
Equity Securities, Warrants and Rights |
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. |
1-7, 10-19 |
Miscellaneous Investment Strategies and Risks |
Real Estate Investment Trusts (“REITs”): Pooled investment vehicles which invest primarily in income producing real estate or real estate related loans or interest. |
1-19 |
Real Estate Investment Trusts |
Securities Issued in Connection with Reorganizations and Corporate Restructurings: In connection with reorganizing or restructuring of an issuer, an issuer may issue common stock or other securities to holders of its debt securities. |
1-19 |
Miscellaneous Investment Strategies and Risks |
Securities Lending: The lending of up to 33 1∕3% of a Fund’s total assets. In return a Fund will receive cash as collateral. |
1-19 |
Securities Lending |
Instrument |
Fund Code |
Part II Section Reference |
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”). |
1-19 |
U.S. Government Obligations |
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. |
1-19 |
When-Issued Securities, Delayed Delivery Securities and Forward Commitments |
|
Fiscal Year Ended October 31, | |
Fund |
2020 |
2021 |
BetaBuilders Canada ETF |
4% |
2% |
BetaBuilders Developed Asia Pacific ex-Japan ETF |
6% |
6% |
BetaBuilders Europe ETF |
5% |
6% |
BetaBuilders International Equity ETF1 |
8% |
5% |
BetaBuilders Japan ETF |
5% |
3% |
|
Fiscal Year Ended October 31, | |
Fund |
2020 |
2021 |
BetaBuilders U.S. Equity ETF |
4% |
4% |
BetaBuilders U.S. Mid Cap Equity ETF2 |
7% |
27% |
BetaBuilders U.S. Small Cap Equity ETF3 |
N/A |
27% |
Carbon Transition U.S. Equity ETF4 |
N/A |
27% |
Emerging Markets Equity ETF |
26% |
29% |
International Equity ETF |
23% |
35% |
U.S. Dividend ETF |
26% |
32% |
U.S. Equity ETF |
21% |
33% |
U.S. Mid Cap Equity ETF |
28% |
34% |
U.S. Minimum Volatility ETF |
23% |
22% |
U.S. Momentum Factor ETF |
39% |
44% |
U.S. Quality Factor ETF |
20% |
21% |
U.S. Small Cap Equity ETF |
30% |
37% |
U.S. Value Factor ETF |
25% |
34% |
Committee |
Fiscal Year Ended October 31, 2021 |
Audit and Valuation Committee |
4 |
Governance and Nominating Committee |
3 |
Oversight Committee for Insurance and Performance Reports |
3 |
Name of Trustee |
Dollar Range of Equity Securities in BetaBuilders Canada ETF |
Dollar Range of Equity Securities in BetaBuilders Developed Asia Pacific ex-Japan ETF |
Dollar Range of Equity Securities in BetaBuilders Europe ETF |
Dollar Range of Equity Securities in BetaBuilders International Equity ETF |
Dollar Range of Equity Securities in BetaBuilders Japan ETF |
Independent Trustees |
|
|
|
|
|
Name of Trustee |
Dollar Range of Equity Securities in BetaBuilders Canada ETF |
Dollar Range of Equity Securities in BetaBuilders Developed Asia Pacific ex-Japan ETF |
Dollar Range of Equity Securities in BetaBuilders Europe ETF |
Dollar Range of Equity Securities in BetaBuilders International Equity ETF |
Dollar Range of Equity Securities in BetaBuilders Japan ETF |
John F. Finn3 |
None |
None |
None |
None |
None |
Stephen P. Fisher3 |
None |
None |
None |
None |
None |
Gary L. French |
None |
None |
None |
None |
None |
Kathleen M. Gallagher |
None |
None |
None |
None |
None |
Robert J. Grassi |
None |
$10,001– $50,000 |
None |
$10,001– $50,000 |
None |
Frankie D. Hughes |
None |
None |
None |
None |
None |
Raymond Kanner3 |
None |
None |
None |
None |
None |
Thomas P. Lemke |
None |
None |
None |
None |
None |
Lawrence R. Maffia |
None |
None |
None |
None |
None |
Mary E. Martinez |
None |
None |
None |
None |
None |
Marilyn McCoy3 |
None |
None |
None |
None |
None |
Dr. Robert A. Oden, Jr. |
None |
None |
None |
None |
None |
Marian U. Pardo3 |
None |
None |
None |
None |
None |
Emily A. Youssouf |
None |
None |
None |
None |
None |
Interested Trustee |
|
|
|
|
|
Robert Deutsch |
None |
None |
None |
None |
None |
Nina O. Shenker3 |
None |
None |
None |
None |
None |
Name of Trustee |
Dollar Range of Equity Securities in BetaBuilders U.S. Equity ETF |
Dollar Range of Equity Securities in BetaBuilders U.S. Mid Cap Equity ETF |
Dollar Range of Equity Securities in BetaBuilders U.S. Small Cap Equity ETF |
Dollar Range of Equity Securities in Carbon Transition U.S. Equity ETF |
Dollar Range of Equity Securities in Emerging Markets Equity ETF |
Independent Trustees |
|
|
|
|
|
John F. Finn3 |
None |
None |
None |
None |
None |
Stephen P. Fisher3 |
None |
None |
None |
None |
None |
Gary L. French |
$10,001– $50,000 |
None |
None |
None |
$10,001– $50,000 |
Kathleen M. Gallagher |
None |
None |
None |
None |
None |
Robert J. Grassi |
$10,001– $50,000 |
$10,001– $50,000 |
$10,001– $50,000 |
None |
$10,001– $50,000 |
Frankie D. Hughes |
None |
None |
None |
None |
None |
Raymond Kanner3 |
None |
None |
None |
None |
None |
Thomas P. Lemke |
None |
None |
None |
None |
None |
Lawrence R. Maffia |
None |
None |
None |
None |
$10,001– $50,000 |
Mary E. Martinez |
None |
None |
None |
None |
None |
Marilyn McCoy3 |
None |
None |
None |
None |
None |
Dr. Robert A. Oden, Jr. |
None |
None |
None |
None |
None |
Marian U. Pardo3 |
None |
None |
None |
None |
None |
Emily A. Youssouf |
None |
None |
None |
None |
None |
Interested Trustee |
|
|
|
|
|
Robert Deutsch |
None |
None |
None |
None |
None |
Nina O. Shenker3 |
None |
None |
None |
None |
None |
Name of Trustee |
Dollar Range of Equity Securities in International Equity ETF |
Dollar Range of Equity Securities in U.S. Equity ETF |
Dollar Range of Equity Securities in U.S. Mid Cap Equity ETF |
Dollar Range of Equity Securities in U.S. Small Cap Equity ETF |
Dollar Range of Equity Securities in U.S. Dividend ETF |
Independent Trustees |
|
|
|
|
|
John F. Finn3 |
None |
None |
None |
None |
None |
Stephen P. Fisher3 |
None |
None |
None |
None |
None |
Name of Trustee |
Dollar Range of Equity Securities in International Equity ETF |
Dollar Range of Equity Securities in U.S. Equity ETF |
Dollar Range of Equity Securities in U.S. Mid Cap Equity ETF |
Dollar Range of Equity Securities in U.S. Small Cap Equity ETF |
Dollar Range of Equity Securities in U.S. Dividend ETF |
Gary L. French |
$10,001– $50,000 |
None |
$10,001– $50,000 |
$10,001– $50,000 |
None |
Kathleen M. Gallagher |
None |
None |
None |
None |
None |
Robert J. Grassi |
None |
None |
None |
None |
None |
Frankie D. Hughes |
None |
None |
None |
None |
None |
Raymond Kanner3 |
None |
None |
None |
None |
None |
Thomas P. Lemke |
None |
None |
None |
None |
None |
Lawrence R. Maffia |
None |
None |
None |
None |
None |
Mary E. Martinez |
None |
None |
None |
None |
None |
Marilyn McCoy3 |
None |
None |
None |
None |
None |
Dr. Robert A. Oden, Jr. |
None |
None |
None |
None |
None |
Marian U. Pardo3 |
None |
None |
None |
None |
None |
Emily A. Youssouf |
None |
None |
None |
None |
None |
Interested Trustee |
|
|
|
|
|
Robert Deutsch |
Over $100,000 |
None |
None |
None |
None |
Nina O. Shenker3 |
None |
None |
None |
None |
None |
Name of Trustee |
Dollar Range of Equity Securities in U.S. Minimum Volatility ETF |
Dollar Range of Equity Securities in U.S. Momentum Factor ETF |
Dollar Range of Equity Securities in U.S. Quality Factor ETF |
Dollar Range of Equity Securities in U.S. Value Factor ETF |
Aggregate Dollar Range of Equity Securities in All Registered Investment Companies Overseen by the Trustee in Family of Investment Companies1,2 |
Independent Trustees |
|
|
|
|
|
John F. Finn3 |
None |
None |
None |
None |
Over $100,000 |
Stephen P. Fisher3 |
None |
None |
None |
None |
Over $100,000 |
Gary L. French |
None |
None |
None |
None |
Over $100,000 |
Kathleen M. Gallagher |
None |
None |
None |
None |
Over $100,000 |
Robert J. Grassi |
None |
None |
None |
None |
Over $100,000 |
Frankie D. Hughes |
None |
None |
None |
None |
Over $100,000 |
Raymond Kanner3 |
None |
None |
None |
None |
Over $100,000 |
Thomas P. Lemke |
None |
None |
None |
None |
Over $100,000 |
Lawrence R. Maffia |
None |
None |
None |
None |
Over $100,000 |
Mary E. Martinez |
None |
None |
None |
None |
Over $100,000 |
Marilyn McCoy3 |
None |
None |
None |
None |
Over $100,000 |
Dr. Robert A. Oden, Jr. |
None |
None |
None |
None |
Over $100,000 |
Marian U. Pardo3 |
None |
None |
None |
None |
Over $100,000 |
Name of Trustee |
Dollar Range of Equity Securities in U.S. Minimum Volatility ETF |
Dollar Range of Equity Securities in U.S. Momentum Factor ETF |
Dollar Range of Equity Securities in U.S. Quality Factor ETF |
Dollar Range of Equity Securities in U.S. Value Factor ETF |
Aggregate Dollar Range of Equity Securities in All Registered Investment Companies Overseen by the Trustee in Family of Investment Companies1,2 |
Emily A. Youssouf |
None |
None |
None |
None |
$10,001– $50,000 |
Interested Trustee |
|
|
|
|
|
Robert Deutsch |
None |
None |
None |
None |
Over $100,000 |
Nina O. Shenker3 |
None |
None |
None |
None |
None |
Name of Trustee |
BetaBuilders Canada ETF |
BetaBuilders Developed Asia Pacific ex- Japan ETF |
BetaBuilders Europe ETF |
BetaBuilders International Equity ETF |
BetaBuilders Japan ETF |
Independent Trustees |
|
|
|
|
|
John F. Finn5 |
$0 |
$0 |
$0 |
$0 |
$0 |
Stephen P. Fisher5 |
0 |
0 |
0 |
0 |
0 |
Gary L. French |
14,321 |
9,312 |
17,005 |
9,455 |
22,249 |
Kathleen M. Gallagher5 |
0 |
0 |
0 |
0 |
0 |
Robert J. Grassi |
14,185 |
9,223 |
16,843 |
9,365 |
22,037 |
Frankie D. Hughes5 |
0 |
0 |
0 |
0 |
0 |
Raymond Kanner5 |
0 |
0 |
0 |
0 |
0 |
Thomas P. Lemke |
14,367 |
9,341 |
17,059 |
9,485 |
22,320 |
Lawrence Maffia |
14,185 |
9,223 |
16,843 |
9,365 |
22,037 |
Mary E. Martinez5 |
0 |
0 |
0 |
0 |
0 |
Marilyn McCoy5 |
0 |
0 |
0 |
0 |
0 |
Dr. Robert A. Oden, Jr.5 |
0 |
0 |
0 |
0 |
0 |
Marian U. Pardo5 |
0 |
0 |
0 |
0 |
0 |
Name of Trustee |
BetaBuilders Canada ETF |
BetaBuilders Developed Asia Pacific ex- Japan ETF |
BetaBuilders Europe ETF |
BetaBuilders International Equity ETF |
BetaBuilders Japan ETF |
Emily Youssouf |
$14,185 |
$9,223 |
$16,843 |
$9,365 |
$22,037 |
Interested Trustees |
|
|
|
|
|
Robert Deutsch |
13,639 |
8,868 |
16,195 |
9,004 |
21,190 |
Nina O. Shenker5 |
0 |
0 |
0 |
0 |
0 |
Name of Trustee |
BetaBuilders U.S. Equity ETF |
BetaBuilders U.S. Mid Cap Equity ETF |
BetaBuilders U.S. Small Cap Equity ETF |
Carbon Transition U.S. Equity ETF |
Emerging Markets Equity ETF |
Independent Trustees |
|
|
|
|
|
John F. Finn5 |
$0 |
$0 |
$0 |
$0 |
$0 |
Stephen P. Fisher5 |
0 |
0 |
0 |
0 |
0 |
Gary L. French |
1,419 |
4,392 |
824 |
69 |
557 |
Kathleen M. Gallagher5 |
0 |
0 |
0 |
0 |
0 |
Robert J. Grassi |
1,406 |
4,350 |
816 |
69 |
551 |
Frankie D. Hughes5 |
0 |
0 |
0 |
0 |
0 |
Raymond Kanner5 |
0 |
0 |
0 |
0 |
0 |
Thomas P. Lemke |
1,424 |
4,406 |
827 |
70 |
558 |
Lawrence Maffia |
1,406 |
4,350 |
816 |
69 |
551 |
Mary E. Martinez5 |
0 |
0 |
0 |
0 |
0 |
Marilyn McCoy5 |
0 |
0 |
0 |
0 |
0 |
Dr. Robert A. Oden, Jr.5 |
0 |
0 |
0 |
0 |
0 |
Marian U. Pardo5 |
0 |
0 |
0 |
0 |
0 |
Emily Youssouf |
1,406 |
4,350 |
816 |
69 |
551 |
Interested Trustees |
|
|
|
|
|
Robert Deutsch |
1,352 |
4,183 |
785 |
66 |
530 |
Nina O. Shenker5 |
0 |
0 |
0 |
0 |
0 |
Name of Trustee |
International Equity ETF |
U.S. Equity ETF |
U.S. Mid Cap Equity ETF |
U.S. Small Cap Equity ETF |
U.S. Dividend ETF |
Independent Trustees |
|
|
|
|
|
John F. Finn5 |
$0 |
$0 |
$0 |
$0 |
$0 |
Stephen P. Fisher5 |
0 |
0 |
0 |
0 |
0 |
Gary L. French |
2,465 |
1,843 |
690 |
486 |
76 |
Kathleen M. Gallagher5 |
0 |
0 |
0 |
0 |
0 |
Robert J. Grassi |
2,441 |
1,825 |
683 |
482 |
75 |
Frankie D. Hughes5 |
0 |
0 |
0 |
0 |
0 |
Raymond Kanner5 |
0 |
0 |
0 |
0 |
0 |
Thomas P. Lemke |
2,472 |
1,849 |
692 |
488 |
76 |
Lawrence Maffia |
2,441 |
1,825 |
683 |
482 |
75 |
Mary E. Martinez5 |
0 |
0 |
0 |
0 |
0 |
Marilyn McCoy5 |
0 |
0 |
0 |
0 |
0 |
Dr. Robert A. Oden, Jr.5 |
0 |
0 |
0 |
0 |
0 |
Marian U. Pardo5 |
0 |
0 |
0 |
0 |
0 |
Emily Youssouf |
2,441 |
1,825 |
683 |
482 |
75 |
Interested Trustees |
|
|
|
|
|
Robert Deutsch |
2,347 |
1,755 |
657 |
463 |
72 |
Nina O. Shenker5 |
0 |
0 |
0 |
0 |
0 |
Name of Trustee |
U.S. Minimum Volatility ETF |
U.S. Momentum Factor ETF |
U.S. Quality Factor ETF |
U.S. Value Factor ETF |
Total Compensation Paid From Fund Complex1 |
Independent Trustees |
|
|
|
|
|
John F. Finn5 |
$0 |
$0 |
$0 |
$0 |
$620,000 |
Stephen P. Fisher5 |
0 |
0 |
0 |
0 |
445,0002 |
Gary L. French |
53 |
501 |
1,101 |
1,536 |
157,500 |
Kathleen M. Gallagher5 |
0 |
0 |
0 |
0 |
432,5003 |
Robert J. Grassi |
53 |
496 |
1,091 |
1,522 |
156,000 |
Frankie D. Hughes5 |
0 |
0 |
0 |
0 |
395,000 |
Raymond Kanner5 |
0 |
0 |
0 |
0 |
445,0002 |
Name of Trustee |
U.S. Minimum Volatility ETF |
U.S. Momentum Factor ETF |
U.S. Quality Factor ETF |
U.S. Value Factor ETF |
Total Compensation Paid From Fund Complex1 |
Thomas P. Lemke |
$53 |
$503 |
$1,104 |
$1,541 |
$158,000 |
Lawrence Maffia |
53 |
496 |
1,091 |
1,522 |
156,000 |
Mary E. Martinez5 |
0 |
0 |
0 |
0 |
520,000 |
Marilyn McCoy5 |
0 |
0 |
0 |
0 |
395,0004 |
Dr. Robert A. Oden, Jr.5 |
0 |
0 |
0 |
0 |
445,000 |
Marian U. Pardo5 |
0 |
0 |
0 |
0 |
445,000 |
Emily Youssouf |
53 |
496 |
1,091 |
1,522 |
156,000 |
Interested Trustees |
|
|
|
|
|
Robert Deutsch |
51 |
477 |
1,049 |
1,463 |
150,000 |
Nina O. Shenker5 |
0 |
0 |
0 |
0 |
0 |
|
Fiscal Year Ended | ||
Fund |
October 31, 2019 |
October 31, 2020 |
October 31, 2021 |
BetaBuilders Canada ETF |
N/A |
$6,935,231 |
$9,726,400 |
BetaBuilders Developed Asia Pacific ex-Japan ETF |
N/A |
2,635,568 |
6,484,147 |
BetaBuilders Europe ETF |
N/A |
3,630,628 |
5,789,550 |
BetaBuilders International Equity ETF1 |
N/A |
505,577 |
2,317,139 |
BetaBuilders Japan ETF |
N/A |
7,842,035 |
15,297,547 |
BetaBuilders U.S. Equity ETF2 |
$4,259 |
24,510 |
100,002 |
BetaBuilders U.S. Mid Cap Equity ETF3 |
N/A |
20,216 |
1,099,041 |
BetaBuilders U.S. Small Cap Equity ETF4 |
N/A |
N/A |
258,599 |
Carbon Transition U.S. Equity ETF5 |
N/A |
N/A |
33,812 |
Emerging Markets Equity ETF |
N/A |
1,309,585 |
888,150 |
International Equity ETF |
N/A |
3,917,506 |
3,290,283 |
U.S. Dividend ETF |
N/A |
43,489 |
35,203 |
U.S. Equity ETF |
N/A |
1,189,879 |
1,187,391 |
U.S. Mid Cap Equity ETF |
N/A |
497,635 |
592,509 |
U.S. Minimum Volatility ETF |
N/A |
99,579 |
25,285 |
U.S. Momentum Factor ETF |
N/A |
108,421 |
214,553 |
U.S. Quality Factor ETF |
N/A |
297,250 |
475,911 |
|
Fiscal Year Ended | ||
Fund |
October 31, 2019 |
October 31, 2020 |
October 31, 2021 |
U.S. Small Cap Equity ETF |
N/A |
$433,065 |
$504,263 |
U.S. Value Factor ETF |
N/A |
77,562 |
678,193 |
|
Fiscal Period Ended | |
|
October 31, 2019 | |
Fund |
Paid |
Waived |
BetaBuilders Canada ETF |
$3,113,516 |
$(2,711,035) |
BetaBuilders Developed Asia Pacific ex-Japan ETF |
954,491 |
(1,326,009) |
BetaBuilders Europe ETF |
227,530 |
(2,845,982) |
BetaBuilders Japan ETF |
3,905,677 |
(2,916,179) |
Emerging Markets Equity ETF |
467,023 |
(858,821) |
International Equity ETF |
3,463,170 |
(175,219) |
U.S. Equity ETF |
868,546 |
(691,731) |
U.S. Mid Cap Equity ETF |
210,366 |
(169,563) |
U.S. Small Cap Equity ETF |
232,143 |
(155,605) |
U.S. Dividend ETF |
— |
(72,160) |
U.S. Minimum Volatility ETF |
— |
(115,989) |
U.S. Momentum Factor ETF |
— |
(101,601) |
U.S. Quality Factor ETF |
— |
(137,273) |
U.S. Value Factor ETF |
— |
(120,947) |
|
Fiscal Period Ended | |
|
October 31, 2019 | |
Fund |
Paid |
Waived |
BetaBuilders Canada ETF |
$527,913 |
$(1,807,086) |
BetaBuilders Developed Asia Pacific ex-Japan ETF |
28,162 |
(883,670) |
BetaBuilders Europe ETF |
690,521 |
(1,897,013) |
BetaBuilders Japan ETF |
795,038 |
(1,943,713) |
Emerging Markets Equity ETF |
— |
(229,763) |
International Equity ETF |
1,048,067 |
(112,373) |
U.S. Equity ETF |
59,691 |
(458,508) |
U.S. Mid Cap Equity ETF |
8,770 |
(112,106) |
U.S. Small Cap Equity ETF |
— |
(101,917) |
U.S. Dividend ETF |
— |
(23,984) |
U.S. Minimum Volatility ETF |
— |
(38,317) |
U.S. Momentum Factor ETF |
— |
(33,626) |
U.S. Quality Factor ETF |
— |
(45,323) |
U.S. Value Factor ETF |
— |
(39,958) |
|
Non-Performance Based Fee Advisory Accounts | |||||
|
Registered Investment Companies |
Other Pooled Investment Vehicles |
Other Accounts | |||
Fund |
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) |
BetaBuilders Canada ETF | ||||||
Nicholas D’Eramo |
19 |
$58,224,723 |
8 |
$26,979,866 |
3 |
$499,424 |
Michael Loeffler |
19 |
58,224,723 |
8 |
26,979,866 |
3 |
499,424 |
Oliver Furby |
12 |
38,116,282 |
8 |
26,979,866 |
2 |
217,858 |
Alex Hamilton |
12 |
38,116,282 |
8 |
26,979,866 |
2 |
217,858 |
BetaBuilders Developed Asia Pacific ex-Japan ETF | ||||||
Nicholas D’Eramo |
19 |
60,182,902 |
8 |
26,979,866 |
3 |
499,424 |
Michael Loeffler |
19 |
60,182,902 |
8 |
26,979,866 |
3 |
499,424 |
Oliver Furby |
12 |
40,074,461 |
8 |
26,979,866 |
2 |
217,858 |
Alex Hamilton |
12 |
40,074,461 |
8 |
26,979,866 |
2 |
217,858 |
BetaBuilders Europe ETF | ||||||
Nicholas D’Eramo |
19 |
54,868,561 |
8 |
26,979,866 |
3 |
499,424 |
Michael Loeffler |
19 |
54,868,561 |
8 |
26,979,866 |
3 |
499,424 |
Oliver Furby |
12 |
34,760,120 |
8 |
26,979,866 |
2 |
217,858 |
Alex Hamilton |
12 |
34,760,120 |
8 |
26,979,866 |
2 |
217,858 |
BetaBuilders International Equity ETF | ||||||
Nicholas D’Eramo |
19 |
60,615,928 |
8 |
26,979,866 |
3 |
499,424 |
Michael Loeffler |
19 |
60,615,928 |
8 |
26,979,866 |
3 |
499,424 |
Oliver Furby |
12 |
40,507,487 |
8 |
26,979,866 |
2 |
217,858 |
Alex Hamilton |
12 |
40,507,487 |
8 |
26,979,866 |
2 |
217,858 |
BetaBuilders Japan ETF | ||||||
Nicholas D’Eramo |
19 |
56,328,782 |
8 |
26,979,866 |
3 |
499,424 |
Michael Loeffler |
19 |
56,328,782 |
8 |
26,979,866 |
3 |
499,424 |
Oliver Furby |
12 |
36,220,341 |
8 |
26,979,866 |
2 |
217,858 |
Alex Hamilton |
12 |
36,220,341 |
8 |
26,979,866 |
2 |
217,858 |
BetaBuilders U.S. Equity ETF | ||||||
Nicholas D’Eramo |
19 |
63,513,457 |
8 |
26,979,866 |
3 |
499,424 |
Michael Loeffler |
19 |
63,513,457 |
8 |
26,979,866 |
3 |
499,424 |
Oliver Furby |
12 |
43,405,016 |
8 |
26,979,866 |
2 |
217,858 |
Alex Hamilton |
12 |
43,405,016 |
8 |
26,979,866 |
2 |
217,858 |
BetaBuilders U.S. Mid Cap Equity ETF | ||||||
Nicholas D’Eramo |
19 |
62,597,351 |
8 |
26,979,866 |
3 |
499,424 |
Michael Loeffler |
19 |
62,597,351 |
8 |
26,979,866 |
3 |
499,424 |
Oliver Furby |
12 |
42,488,910 |
8 |
26,979,866 |
2 |
217,858 |
Alex Hamilton |
12 |
42,488,910 |
8 |
26,979,866 |
2 |
217,858 |
BetaBuilders U.S. Small Cap Equity ETF | ||||||
Nicholas D’Eramo |
19 |
63,845,564 |
8 |
26,979,866 |
3 |
499,424 |
Michael Loeffler |
19 |
63,845,564 |
8 |
26,979,866 |
3 |
499,424 |
Oliver Furby |
12 |
43,737,123 |
8 |
26,979,866 |
2 |
217,858 |
Alex Hamilton |
12 |
43,737,123 |
8 |
26,979,866 |
2 |
217,858 |
Carbon Transition U.S. Equity ETF | ||||||
Yazann Romahi |
15 |
3,270,330 |
9 |
3,126,507 |
5 |
546,046 |
Alistair Lowe |
11 |
3,270,189 |
3 |
1,161,985 |
4 |
6,136,231 |
Aijaz Hussain |
7 |
1,458,181 |
10 |
3,139,298 |
1 |
11,707 |
Emerging Markets Equity ETF | ||||||
Yazann Romahi |
15 |
3,140,452 |
9 |
3,126,507 |
5 |
546,046 |
Alistair Lowe |
11 |
3,140,312 |
3 |
1,161,985 |
4 |
6,136,231 |
|
Non-Performance Based Fee Advisory Accounts | |||||
|
Registered Investment Companies |
Other Pooled Investment Vehicles |
Other Accounts | |||
Fund |
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) |
Joe Staines |
16 |
$4,859,191 |
14 |
$5,066,989 |
3 |
$496,271 |
Kartik Aiyar |
3 |
2,108,929 |
10 |
4,240,064 |
3 |
508,283 |
Yegang (Steven) Wu |
13 |
3,882,298 |
13 |
4,777,872 |
3 |
5,837,835 |
International Equity ETF | ||||||
Yazann Romahi |
15 |
2,453,262 |
9 |
3,126,507 |
5 |
546,046 |
Alistair Lowe |
11 |
2,453,122 |
3 |
1,161,985 |
4 |
6,136,231 |
Wei (Victor) Li |
2 |
111 |
4 |
873,321 |
3 |
241,765 |
Joe Staines |
16 |
4,172,001 |
14 |
5,066,989 |
3 |
496,271 |
Kartik Aiyar |
3 |
1,421,739 |
10 |
4,240,064 |
3 |
508,283 |
U.S. Equity ETF | ||||||
Yazann Romahi |
15 |
2,585,247 |
9 |
3,126,507 |
5 |
546,046 |
Alistair Lowe |
11 |
2,585,107 |
3 |
1,161,985 |
4 |
6,136,231 |
Joe Staines |
16 |
4,303,986 |
14 |
5,066,989 |
3 |
496,271 |
Yegang (Steven) Wu |
13 |
3,327,093 |
13 |
4,777,872 |
3 |
5,837,835 |
U.S. Mid Cap Equity ETF | ||||||
Yazann Romahi |
15 |
3,055,454 |
9 |
3,126,507 |
5 |
546,046 |
Alistair Lowe |
11 |
3,055,314 |
3 |
1,161,985 |
4 |
6,136,231 |
Joe Staines |
16 |
4,774,193 |
14 |
5,066,989 |
3 |
496,271 |
Yegang (Steven) Wu |
13 |
3,797,300 |
13 |
4,777,872 |
3 |
5,837,835 |
U.S. Small Cap Equity ETF | ||||||
Yazann Romahi |
15 |
3,118,997 |
9 |
3,126,507 |
5 |
546,046 |
Alistair Lowe |
11 |
3,118,857 |
3 |
1,161,985 |
4 |
6,136,231 |
Joe Staines |
16 |
4,837,736 |
14 |
5,066,989 |
3 |
496,271 |
Yegang (Steven) Wu |
13 |
3,860,844 |
13 |
4,777,872 |
3 |
5,837,835 |
U.S. Dividend ETF | ||||||
Yazann Romahi |
15 |
3,246,423 |
9 |
3,126,507 |
5 |
546,046 |
Alistair Lowe |
11 |
3,246,283 |
3 |
1,161,985 |
4 |
6,136,231 |
Joe Staines |
16 |
4,965,162 |
14 |
5,066,989 |
3 |
496,271 |
Yegang (Steven) Wu |
13 |
3,988,270 |
13 |
4,777,872 |
3 |
5,837,835 |
Aijaz Hussain |
7 |
1,434,275 |
10 |
3,139,298 |
1 |
11,707 |
U.S. Minimum Volatility ETF | ||||||
Yazann Romahi |
15 |
3,275,105 |
9 |
3,126,507 |
5 |
546,046 |
Alistair Lowe |
11 |
3,274,965 |
3 |
1,161,985 |
4 |
6,136,231 |
Joe Staines |
16 |
4,993,844 |
14 |
5,066,989 |
3 |
496,271 |
Yegang (Steven) Wu |
13 |
4,016,951 |
13 |
4,777,872 |
3 |
5,837,835 |
Aijaz Hussain |
7 |
1,462,956 |
10 |
3,139,298 |
1 |
11,707 |
U.S. Momentum Factor ETF | ||||||
Yazann Romahi |
15 |
3,073,406 |
9 |
3,126,507 |
5 |
546,046 |
Alistair Lowe |
11 |
3,073,266 |
3 |
1,161,985 |
4 |
6,136,231 |
Joe Staines |
16 |
4,792,145 |
14 |
5,066,989 |
3 |
496,271 |
Yegang (Steven) Wu |
13 |
3,815,252 |
13 |
4,777,872 |
3 |
5,837,835 |
Aijaz Hussain |
7 |
1,261,257 |
10 |
3,139,298 |
1 |
11,707 |
U.S. Quality Factor ETF | ||||||
Yazann Romahi |
15 |
2,902,059 |
9 |
3,126,507 |
5 |
546,046 |
Alistair Lowe |
11 |
2,901,919 |
3 |
1,161,985 |
4 |
6,136,231 |
Joe Staines |
16 |
4,620,798 |
14 |
5,066,989 |
3 |
496,271 |
Yegang (Steven) Wu |
13 |
3,643,905 |
13 |
4,777,872 |
3 |
5,837,835 |
Aijaz Hussain |
7 |
1,089,910 |
10 |
3,139,298 |
1 |
11,707 |
U.S. Value Factor ETF | ||||||
Yazann Romahi |
15 |
2,863,156 |
9 |
3,126,507 |
5 |
546,046 |
Alistair Lowe |
11 |
2,863,015 |
3 |
1,161,985 |
4 |
6,136,231 |
Joe Staines |
16 |
4,581,894 |
14 |
5,066,989 |
3 |
496,271 |
Yegang (Steven) Wu |
13 |
3,605,002 |
13 |
4,777,872 |
3 |
5,837,835 |
Aijaz Hussain |
7 |
1,051,007 |
10 |
3,139,298 |
1 |
11,707 |
|
Performance Based Fee Advisory Accounts | |||||
|
Registered Investment Companies |
Other Pooled Investment Vehicles |
Other Accounts | |||
Fund |
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) |
BetaBuilders Canada ETF | ||||||
Nicholas D’Eramo |
0 |
$0 |
0 |
$0 |
0 |
$0 |
Michael Loeffler |
0 |
0 |
0 |
0 |
0 |
0 |
Oliver Furby |
0 |
0 |
0 |
0 |
0 |
0 |
Alex Hamilton |
0 |
0 |
0 |
0 |
0 |
0 |
BetaBuilders Developed Asia Pacific ex-Japan ETF | ||||||
Nicholas D’Eramo |
0 |
0 |
0 |
0 |
0 |
0 |
Michael Loeffler |
0 |
0 |
0 |
0 |
0 |
0 |
Oliver Furby |
0 |
0 |
0 |
0 |
0 |
0 |
Alex Hamilton |
0 |
0 |
0 |
0 |
0 |
0 |
BetaBuilders Europe ETF | ||||||
Nicholas D’Eramo |
0 |
0 |
0 |
0 |
0 |
0 |
Michael Loeffler |
0 |
0 |
0 |
0 |
0 |
0 |
Oliver Furby |
0 |
0 |
0 |
0 |
0 |
0 |
Alex Hamilton |
0 |
0 |
0 |
0 |
0 |
0 |
BetaBuilders International Equity ETF | ||||||
Nicholas D’Eramo |
0 |
0 |
0 |
0 |
0 |
0 |
Michael Loeffler |
0 |
0 |
0 |
0 |
0 |
0 |
Oliver Furby |
0 |
0 |
0 |
0 |
0 |
0 |
Alex Hamilton |
0 |
0 |
0 |
0 |
0 |
0 |
BetaBuilders Japan ETF | ||||||
Nicholas D’Eramo |
0 |
0 |
0 |
0 |
0 |
0 |
Michael Loeffler |
0 |
0 |
0 |
0 |
0 |
0 |
Oliver Furby |
0 |
0 |
0 |
0 |
0 |
0 |
Alex Hamilton |
0 |
0 |
0 |
0 |
0 |
0 |
BetaBuilders U.S. Equity ETF | ||||||
Nicholas D’Eramo |
0 |
0 |
0 |
0 |
0 |
0 |
Michael Loeffler |
0 |
0 |
0 |
0 |
0 |
0 |
Oliver Furby |
0 |
0 |
0 |
0 |
0 |
0 |
Alex Hamilton |
0 |
0 |
0 |
0 |
0 |
0 |
BetaBuilders U.S. Mid Cap Equity ETF | ||||||
Nicholas D’Eramo |
0 |
0 |
0 |
0 |
0 |
0 |
Michael Loeffler |
0 |
0 |
0 |
0 |
0 |
0 |
Oliver Furby |
0 |
0 |
0 |
0 |
0 |
0 |
Alex Hamilton |
0 |
0 |
0 |
0 |
0 |
0 |
BetaBuilders U.S. Small Cap Equity ETF | ||||||
Nicholas D’Eramo |
0 |
0 |
0 |
0 |
0 |
0 |
Michael Loeffler |
0 |
0 |
0 |
0 |
0 |
0 |
Oliver Furby |
0 |
0 |
0 |
0 |
0 |
0 |
Alex Hamilton |
0 |
0 |
0 |
0 |
0 |
0 |
Carbon Transition U.S. Equity ETF | ||||||
Yazann Romahi |
0 |
0 |
0 |
0 |
1 |
491,238 |
Alistair Lowe |
0 |
0 |
0 |
0 |
0 |
0 |
Aijaz Hussain |
0 |
0 |
0 |
0 |
0 |
0 |
Emerging Markets Equity ETF | ||||||
Yazann Romahi |
0 |
0 |
0 |
0 |
1 |
491,238 |
Alistair Lowe |
0 |
0 |
0 |
0 |
0 |
0 |
Joe Staines |
0 |
0 |
0 |
0 |
0 |
0 |
Kartik Aiyar |
0 |
0 |
0 |
0 |
0 |
0 |
Yegang (Steven) Wu |
0 |
0 |
0 |
0 |
0 |
0 |
International Equity ETF | ||||||
Yazann Romahi |
0 |
0 |
0 |
0 |
1 |
491,238 |
Alistair Lowe |
0 |
0 |
0 |
0 |
0 |
0 |
Wei (Victor) Li |
0 |
0 |
0 |
0 |
1 |
491,238 |
|
Performance Based Fee Advisory Accounts | |||||
|
Registered Investment Companies |
Other Pooled Investment Vehicles |
Other Accounts | |||
Fund |
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) |
Joe Staines |
0 |
$0 |
0 |
$0 |
0 |
$0 |
Kartik Aiyar |
0 |
0 |
0 |
0 |
0 |
0 |
U.S. Equity ETF | ||||||
Yazann Romahi |
0 |
0 |
0 |
0 |
1 |
491,238 |
Alistair Lowe |
0 |
0 |
0 |
0 |
0 |
0 |
Joe Staines |
0 |
0 |
0 |
0 |
0 |
0 |
Yegang (Steven) Wu |
0 |
0 |
0 |
0 |
0 |
0 |
U.S. Mid Cap Equity ETF | ||||||
Yazann Romahi |
0 |
0 |
0 |
0 |
1 |
491,238 |
Alistair Lowe |
0 |
0 |
0 |
0 |
0 |
0 |
Joe Staines |
0 |
0 |
0 |
0 |
0 |
0 |
Yegang (Steven) Wu |
0 |
0 |
0 |
0 |
0 |
0 |
U.S. Small Cap Equity ETF | ||||||
Yazann Romahi |
0 |
0 |
0 |
0 |
1 |
491,238 |
Alistair Lowe |
0 |
0 |
0 |
0 |
0 |
0 |
Joe Staines |
0 |
0 |
0 |
0 |
0 |
0 |
Yegang (Steven) Wu |
0 |
0 |
0 |
0 |
0 |
0 |
U.S. Dividend ETF | ||||||
Yazann Romahi |
0 |
0 |
0 |
0 |
1 |
491,238 |
Alistair Lowe |
0 |
0 |
0 |
0 |
0 |
0 |
Joe Staines |
0 |
0 |
0 |
0 |
0 |
0 |
Yegang (Steven) Wu |
0 |
0 |
0 |
0 |
0 |
0 |
Aijaz Hussain |
0 |
0 |
0 |
0 |
0 |
0 |
U.S. Minimum Volatility ETF | ||||||
Yazann Romahi |
0 |
0 |
0 |
0 |
1 |
491,238 |
Alistair Lowe |
0 |
0 |
0 |
0 |
0 |
0 |
Joe Staines |
0 |
0 |
0 |
0 |
0 |
0 |
Yegang (Steven) Wu |
0 |
0 |
0 |
0 |
0 |
0 |
Aijaz Hussain |
0 |
0 |
0 |
0 |
0 |
0 |
U.S. Momentum Factor ETF | ||||||
Yazann Romahi |
0 |
0 |
0 |
0 |
1 |
491,238 |
Alistair Lowe |
0 |
0 |
0 |
0 |
0 |
0 |
Joe Staines |
0 |
0 |
0 |
0 |
0 |
0 |
Yegang (Steven) Wu |
0 |
0 |
0 |
0 |
0 |
0 |
Aijaz Hussain |
0 |
0 |
0 |
0 |
0 |
0 |
U.S. Quality Factor ETF | ||||||
Yazann Romahi |
0 |
0 |
0 |
0 |
1 |
491,238 |
Alistair Lowe |
0 |
0 |
0 |
0 |
0 |
0 |
Joe Staines |
0 |
0 |
0 |
0 |
0 |
0 |
Yegang (Steven) Wu |
0 |
0 |
0 |
0 |
0 |
0 |
Aijaz Hussain |
0 |
0 |
0 |
0 |
0 |
0 |
U.S. Value Factor ETF | ||||||
Yazann Romahi |
0 |
0 |
0 |
0 |
1 |
491,238 |
Alistair Lowe |
0 |
0 |
0 |
0 |
0 |
0 |
Joe Staines |
0 |
0 |
0 |
0 |
0 |
0 |
Yegang (Steven) Wu |
0 |
0 |
0 |
0 |
0 |
0 |
Aijaz Hussain |
0 |
0 |
0 |
0 |
0 |
0 |
|
Aggregate Dollar Range of Securities in the Fund | |||||||
Fund |
None |
$1- $10,000 |
$10,001- $50,000 |
$50,001- $100,000 |
$100,001- $500,000 |
$500,001- $1,000,000 |
Over $1,000,000 | |
BetaBuilders Canada ETF | ||||||||
Nicholas D’Eramo |
|
X |
|
|
|
|
| |
Michael Loeffler |
|
X |
|
|
|
|
| |
Oliver Furby |
|
X |
|
|
|
|
| |
Alex Hamilton |
|
X |
|
|
|
|
| |
BetaBuilders Developed Asia Pacific ex-Japan ETF | ||||||||
Nicholas D’Eramo |
X |
|
|
|
|
|
| |
Michael Loeffler |
|
X |
|
|
|
|
| |
Oliver Furby |
|
X |
|
|
|
|
| |
Alex Hamilton |
|
X |
|
|
|
|
| |
BetaBuilders Europe ETF | ||||||||
Nicholas D’Eramo |
X |
|
|
|
|
|
| |
Michael Loeffler |
|
X |
|
|
|
|
| |
Oliver Furby |
|
X |
|
|
|
|
| |
Alex Hamilton |
|
X |
|
|
|
|
| |
BetaBuilders International Equity ETF | ||||||||
Nicholas D’Eramo |
|
X |
|
|
|
|
| |
Michael Loeffler |
|
X |
|
|
|
|
| |
Oliver Furby |
|
|
X |
|
|
|
| |
Alex Hamilton |
|
|
X |
|
|
|
| |
BetaBuilders Japan ETF | ||||||||
Nicholas D’Eramo |
X |
|
|
|
|
|
| |
Michael Loeffler |
|
X |
|
|
|
|
| |
Oliver Furby |
|
X |
|
|
|
|
| |
Alex Hamilton |
|
X |
|
|
|
|
| |
BetaBuilders U.S. Equity ETF | ||||||||
Nicholas D’Eramo |
|
|
X |
|
|
|
| |
Michael Loeffler |
|
|
X |
|
|
|
| |
Oliver Furby |
|
|
X |
|
|
|
| |
Alex Hamilton |
|
|
|
X |
|
|
| |
BetaBuilders U.S. Mid Cap Equity ETF | ||||||||
Nicholas D’Eramo |
X |
|
|
|
|
|
| |
Michael Loeffler |
X |
|
|
|
|
|
| |
Oliver Furby |
|
X |
|
|
|
|
| |
Alex Hamilton |
X |
|
|
|
|
|
| |
BetaBuilders U.S. Small Cap Equity ETF | ||||||||
Nicholas D’Eramo |
X |
|
|
|
|
|
| |
Michael Loeffler |
X |
|
|
|
|
|
| |
Oliver Furby |
|
X |
|
|
|
|
| |
Alex Hamilton |
X |
|
|
|
|
|
| |
Carbon Transition U.S. Equity ETF | ||||||||
Yazann Romahi |
X |
|
|
|
|
|
| |
Alistair Lowe |
|
|
|
X |
|
|
| |
Aijaz Hussain |
X |
|
|
|
|
|
| |
Emerging Markets Equity ETF | ||||||||
Yazann Romahi |
X |
|
|
|
|
|
| |
Alistair Lowe |
|
|
|
|
X |
|
| |
Joe Staines |
X |
|
|
|
|
|
| |
Kartik Aiyar |
X |
|
|
|
|
|
| |
Yegang (Steven) Wu |
X |
|
|
|
|
|
| |
International Equity ETF | ||||||||
Yazann Romahi |
X |
|
|
|
|
|
| |
Alistair Lowe |
|
|
|
|
X |
|
| |
Wei (Victor) Li |
X |
|
|
|
|
|
| |
Joe Staines |
X |
|
|
|
|
|
|
|
Aggregate Dollar Range of Securities in the Fund | |||||||
Fund |
None |
$1- $10,000 |
$10,001- $50,000 |
$50,001- $100,000 |
$100,001- $500,000 |
$500,001- $1,000,000 |
Over $1,000,000 | |
Kartik Aiyar |
X |
|
|
|
|
|
| |
U.S. Equity ETF | ||||||||
Yazann Romahi |
X |
|
|
|
|
|
| |
Alistair Lowe |
X |
|
|
|
|
|
| |
Joe Staines |
X |
|
|
|
|
|
| |
Yegang (Steven) Wu |
X |
|
|
|
|
|
| |
U.S. Mid Cap Equity ETF | ||||||||
Yazann Romahi |
X |
|
|
|
|
|
| |
Alistair Lowe |
X |
|
|
|
|
|
| |
Joe Staines |
X |
|
|
|
|
|
| |
Yegang (Steven) Wu |
X |
|
|
|
|
|
| |
U.S. Small Cap Equity ETF | ||||||||
Yazann Romahi |
X |
|
|
|
|
|
| |
Alistair Lowe |
X |
|
|
|
|
|
| |
Joe Staines |
X |
|
|
|
|
|
| |
Yegang (Steven) Wu |
X |
|
|
|
|
|
| |
U.S. Dividend ETF | ||||||||
Yazann Romahi |
X |
|
|
|
|
|
| |
Alistair Lowe |
X |
|
|
|
|
|
| |
Joe Staines |
X |
|
|
|
|
|
| |
Yegang (Steven) Wu |
X |
|
|
|
|
|
| |
Aijaz Hussain |
X |
|
|
|
|
|
| |
U.S. Minimum Volatility ETF | ||||||||
Yazann Romahi |
X |
|
|
|
|
|
| |
Alistair Lowe |
X |
|
|
|
|
|
| |
Joe Staines |
X |
|
|
|
|
|
| |
Yegang (Steven) Wu |
X |
|
|
|
|
|
| |
Aijaz Hussain |
X |
|
|
|
|
|
| |
U.S. Momentum Factor ETF | ||||||||
Yazann Romahi |
X |
|
|
|
|
|
| |
Alistair Lowe |
X |
|
|
|
|
|
| |
Joe Staines |
X |
|
|
|
|
|
| |
Yegang (Steven) Wu |
X |
|
|
|
|
|
| |
Aijaz Hussain |
X |
|
|
|
|
|
| |
U.S. Quality Factor ETF | ||||||||
Yazann Romahi |
X |
|
|
|
|
|
| |
Alistair Lowe |
X |
|
|
|
|
|
| |
Joe Staines |
X |
|
|
|
|
|
| |
Yegang (Steven) Wu |
X |
|
|
|
|
|
| |
Aijaz Hussain |
X |
|
|
|
|
|
| |
U.S. Value Factor ETF | ||||||||
Yazann Romahi |
X |
|
|
|
|
|
| |
Alistair Lowe |
|
|
|
|
X |
|
| |
Joe Staines |
X |
|
|
|
|
|
| |
Yegang (Steven) Wu |
X |
|
|
|
|
|
| |
Aijaz Hussain |
X |
|
|
|
|
|
|
Name of Fund |
Benchmark |
BetaBuilders Canada ETF |
Morningstar® Canada Target Market Exposure IndexSM |
BetaBuilders Developed Asia Pacific ex-Japan ETF |
Morningstar® Developed Asia Pacific ex-Japan Target Market Exposure IndexSM |
BetaBuilders Europe ETF |
Morningstar® Developed Europe Target Market Exposure IndexSM |
Name of Fund |
Benchmark |
BetaBuilders International Equity ETF |
Morningstar® Developed Markets ex-North America Target Market Exposure IndexSM |
BetaBuilders Japan ETF |
Morningstar® Japan Target Market Exposure IndexSM |
BetaBuilders U.S. Equity ETF |
Morningstar® US Target Market Exposure IndexSM |
BetaBuilders U.S. Mid Cap Equity ETF |
Morningstar® US Mid Cap Target Market Exposure Extended IndexSM |
BetaBuilders U.S. Small Cap Equity ETF |
Morningstar® US Small Cap Target Market Exposure Extended IndexSM |
Carbon Transition U.S. Equity ETF |
JPMorgan Asset Management Carbon Transition U.S. Equity Index |
Russell 1000 Index | |
Emerging Markets Equity ETF |
JP Morgan Diversified Factor Emerging Markets Equity Index |
FTSE Emerging Index | |
International Equity ETF |
JP Morgan Diversified Factor International Equity Index |
FTSE Developed ex North America Index | |
U.S. Equity ETF |
JP Morgan Diversified Factor US Equity Index |
Russell 1000 Index | |
U.S. Mid Cap Equity ETF |
JP Morgan Diversified Factor US Mid Cap Equity Index |
Russell Midcap Index | |
U.S. Small Cap Equity ETF |
JP Morgan Diversified Factor US Small Cap Equity Index |
Russell 2000 Index | |
U.S. Dividend ETF |
JP Morgan US Dividend Index |
Russell 1000 Value Index | |
U.S. Minimum Volatility ETF |
JP Morgan US Minimum Volatility Index |
Russell 1000 Index | |
U.S. Momentum Factor ETF |
JP Morgan US Momentum Factor Index |
Russell 1000 Index | |
U.S. Quality Factor ETF |
JP Morgan US Quality Factor Index |
Russell 1000 Growth Index | |
U.S. Value Factor ETF |
JP Morgan US Value Factor Index |
Russell 1000 Value Index |
|
Fiscal Year Ended | ||
Fund |
October 31, 2019 |
October 31, 2020 |
October 31, 2021 |
BetaBuilders Canada ETF |
$108,976 |
$109,012 |
$149,517 |
BetaBuilders Developed Asia Pacific ex-Japan ETF |
62,478 |
42,301 |
101,703 |
BetaBuilders Europe ETF |
118,331 |
117,804 |
191,446 |
BetaBuilders International Equity ETF1 |
N/A |
57,305 |
184,187 |
BetaBuilders Japan ETF |
123,554 |
123,283 |
233,330 |
BetaBuilders U.S. Equity ETF2 |
13,225 |
22,421 |
22,500 |
BetaBuilders U.S. Mid Cap Equity ETF3 |
N/A |
13,102 |
46,295 |
BetaBuilders U.S. Small Cap Equity ETF |
N/A |
N/A |
21,563 |
Carbon Transition U.S. Equity ETF |
N/A |
N/A |
20,625 |
|
Fiscal Year Ended | ||
Fund |
October 31, 2019 |
October 31, 2020 |
October 31, 2021 |
Emerging Markets Equity ETF |
$26,188 |
$23,018 |
$22,500 |
International Equity ETF |
48,795 |
32,272 |
25,558 |
U.S. Dividend ETF |
20,799 |
22,377 |
22,500 |
U.S. Equity ETF |
37,195 |
24,489 |
22,500 |
U.S. Mid Cap Equity ETF |
24,020 |
22,694 |
22,500 |
U.S. Minimum Volatility ETF |
21,367 |
22,519 |
22,500 |
U.S. Momentum Factor ETF |
21,126 |
22,413 |
22,500 |
U.S. Quality Factor ETF |
21,562 |
22,567 |
22,500 |
U.S. Small Cap Equity ETF |
23,405 |
22,628 |
22,500 |
U.S. Value Factor ETF |
21,363 |
22,437 |
24,102 |
|
BetaBuilders Canada ETF |
BetaBuilders Developed Asia Pacific ex-Japan ETF |
BetaBuilders Europe ETF |
BetaBuilders International Equity ETF |
BetaBuilders Japan ETF |
Gross Income from Securities Lending Activities1 |
$2,007,598 |
$2,756,294 |
$3,288,689 |
$1,043,596 |
$404,959 |
Fees and/or Compensation for Securities Lending Activities |
|
|
|
|
|
Revenue Split2 |
126,816 |
215,254 |
237,217 |
82,201 |
28,178 |
Cash Collateral Management Fees3 |
408,511 |
32,984 |
88,411 |
20,929 |
40,403 |
Administrative Fees |
— |
— |
— |
— |
— |
Indemnification Fees |
— |
— |
— |
— |
— |
Rebates to Borrowers |
(94,429) |
34,078 |
278,279 |
9,171 |
6,443 |
Others Fees |
— |
— |
— |
— |
— |
Aggregate Fees/Compensation for Securities Lending Activities |
440,898 |
282,316 |
603,907 |
112,302 |
75,024 |
Net Income from the Securities Lending Activities |
1,566,700 |
2,473,978 |
2,684,781 |
931,294 |
329,936 |
|
BetaBuilders U.S. Equity ETF |
BetaBuilders U.S. Mid Cap Equity ETF |
BetaBuilders U.S. Small Cap Equity ETF |
Diversified Return Emerging Markets Equity ETF |
Diversified Return International Equity ETF |
Gross Income from Securities Lending Activities1 |
$10,899 |
$271,762 |
$124,635 |
$12,858 |
$310,168 |
Fees and/or Compensation for Securities Lending Activities |
|
|
|
|
|
Revenue Split2 |
427 |
15,811 |
8,659 |
156 |
24,762 |
Cash Collateral Management Fees3 |
543 |
23,013 |
5,880 |
412 |
7,219 |
Administrative Fees |
— |
— |
— |
— |
— |
Indemnification Fees |
— |
— |
— |
— |
— |
Rebates to Borrowers |
4,792 |
49,665 |
11,156 |
10,381 |
14,257 |
Others Fees |
— |
— |
— |
— |
— |
Aggregate Fees/Compensation for Securities Lending Activities |
5,761 |
88,490 |
25,695 |
10,948 |
46,238 |
Net Income from the Securities Lending Activities |
5,138 |
183,272 |
98,940 |
1,910 |
263,930 |
|
Diversified Return U.S. Equity ETF |
Diversified Return U.S. Mid Cap Equity ETF |
Diversified Return U.S. Small Cap Equity ETF |
U.S. Dividend ETF |
U.S. Minimum Volatility ETF |
Gross Income from Securities Lending Activities1 |
$39,548 |
$17,329 |
$114,459 |
$4,769 |
$1,153 |
Fees and/or Compensation for Securities Lending Activities |
|
|
|
|
|
Revenue Split2 |
2,352 |
1,087 |
7,857 |
374 |
79 |
Cash Collateral Management Fees3 |
10,114 |
3,751 |
16,150 |
91 |
163 |
Administrative Fees |
— |
— |
— |
— |
— |
Indemnification Fees |
— |
— |
— |
— |
— |
Rebates to Borrowers |
(911) |
(1,211) |
(26) |
(78) |
(61) |
Others Fees |
— |
— |
— |
— |
— |
Aggregate Fees/ Compensation for Securities Lending Activities |
11,555 |
3,627 |
23,980 |
387 |
181 |
Net Income from the Securities Lending Activities |
27,993 |
13,703 |
90,479 |
4,382 |
973 |
|
U.S. Momentum Factor ETF |
U.S. Quality Factor ETF |
U.S. Value Factor ETF |
Gross Income from Securities Lending Activities1 |
$5,474 |
$44,269 |
$67,735 |
Fees and/or Compensation for Securities Lending Activities |
|
|
|
Revenue Split2 |
348 |
3,238 |
4,631 |
Cash Collateral Management Fees3 |
1,109 |
3,796 |
9,763 |
Administrative Fees |
— |
— |
— |
Indemnification Fees |
— |
— |
— |
Rebates to Borrowers |
(390) |
(271) |
(863) |
Others Fees |
— |
— |
— |
Aggregate Fees/Compensation for Securities Lending Activities |
1,068 |
6,763 |
13,530 |
Net Income from the Securities Lending Activities |
4,406 |
37,506 |
54,205 |
|
Fiscal Year Ended | ||
Fund |
October 31, 2019 |
October 31, 2020 |
October 31, 2021 |
BetaBuilders Canada ETF | |||
Total Brokerage Commissions |
$133,247 |
$63,112 |
$50,162 |
Brokerage Commissions to Affiliated Broker/Dealers |
— |
— |
— |
BetaBuilders Developed Asia Pacific ex-Japan ETF | |||
Total Brokerage Commissions |
88,611 |
60,034 |
186,094 |
Brokerage Commissions to Affiliated Broker/Dealers |
— |
— |
— |
|
Fiscal Year Ended | ||
Fund |
October 31, 2019 |
October 31, 2020 |
October 31, 2021 |
BetaBuilders Europe ETF | |||
Total Brokerage Commissions |
$76,313 |
$107,217 |
$147,901 |
Brokerage Commissions to Affiliated Broker/Dealers |
— |
— |
— |
BetaBuilders International Equity ETF1 | |||
Total Brokerage Commissions |
N/A |
38,542 |
65,830 |
Brokerage Commissions to Affiliated Broker/Dealers |
N/A |
— |
— |
BetaBuilders Japan ETF | |||
Total Brokerage Commissions |
99,557 |
106,577 |
144,898 |
Brokerage Commissions to Affiliated Broker/Dealers |
— |
— |
— |
BetaBuilders U.S. Equity ETF2 | |||
Total Brokerage Commissions |
232 |
1,173 |
3,945 |
Brokerage Commissions to Affiliated Broker/Dealers |
— |
— |
— |
BetaBuilders U.S. Mid Cap Equity ETF3 | |||
Total Brokerage Commissions |
N/A |
2,438 |
80,028 |
Brokerage Commissions to Affiliated Broker/Dealers |
N/A |
— |
— |
BetaBuilders U.S. Small Cap Equity ETF4 | |||
Total Brokerage Commissions |
N/A |
N/A |
24,156 |
Brokerage Commissions to Affiliated Broker/Dealers |
N/A |
N/A |
— |
Carbon Transition U.S. Equity ETF5 | |||
Total Brokerage Commissions |
N/A |
N/A |
1,723 |
Brokerage Commissions to Affiliated Broker/Dealers |
N/A |
N/A |
— |
Emerging Markets Equity ETF | |||
Total Brokerage Commissions |
169,584 |
110,996 |
87,756 |
Brokerage Commissions to Affiliated Broker/Dealers |
— |
— |
— |
International Equity ETF | |||
Total Brokerage Commissions |
135,708 |
110,691 |
99,641 |
Brokerage Commissions to Affiliated Broker/Dealers |
— |
— |
— |
U.S. Dividend ETF | |||
Total Brokerage Commissions |
2,828 |
4,408 |
2,041 |
Brokerage Commissions to Affiliated Broker/Dealers |
— |
— |
— |
U.S. Equity ETF | |||
Total Brokerage Commissions |
41,388 |
41,811 |
32,114 |
Brokerage Commissions to Affiliated Broker/Dealers |
— |
— |
— |
U.S. Mid Cap Equity ETF | |||
Total Brokerage Commissions |
12,503 |
19,602 |
18,261 |
Brokerage Commissions to Affiliated Broker/Dealers |
— |
— |
— |
U.S. Minimum Volatility ETF | |||
Total Brokerage Commissions |
1,949 |
5,232 |
717 |
Brokerage Commissions to Affiliated Broker/Dealers |
— |
— |
— |
U.S. Momentum Factor ETF | |||
Total Brokerage Commissions |
2,995 |
5,143 |
9,647 |
Brokerage Commissions to Affiliated Broker/Dealers |
— |
— |
— |
U.S. Quality Factor ETF | |||
Total Brokerage Commissions |
2,251 |
8,604 |
12,120 |
Brokerage Commissions to Affiliated Broker/Dealers |
— |
— |
— |
U.S. Small Cap Equity ETF | |||
Total Brokerage Commissions |
28,786 |
27,886 |
24,055 |
Brokerage Commissions to Affiliated Broker/Dealers |
— |
— |
— |
U.S. Value Factor ETF | |||
Total Brokerage Commissions |
3,396 |
4,829 |
48,031 |
Brokerage Commissions to Affiliated Broker/Dealers |
— |
— |
— |
Fund |
Name of Broker-Dealer |
Value of Securities Owned |
BetaBuilders Canada ETF |
Bank of Montreal |
$211,632,424 |
|
Royal Bank of Canada |
446,253,464 |
BetaBuilders Developed Asia Pacific ex-Japan ETF |
Macquarie Bank Ltd. |
106,264,471 |
BetaBuilders Europe ETF |
BNP Paribas SA |
62,646,623 |
|
Credit Suisse First Boston LLC |
21,320,763 |
|
Danske Bank A/S |
9,381,199 |
|
Societe Generale SA |
21,577,818 |
|
UBS Financial Services Inc. |
54,856,589 |
|
UniCredit SpA |
24,140,713 |
BetaBuilders International Equity ETF |
BNP Paribas SA |
15,506,345 |
|
Credit Suisse First Boston LLC |
5,277,246 |
|
Macquarie Bank Ltd. |
10,311,598 |
|
UBS Financial Services Inc. |
13,577,877 |
|
UniCredit SpA |
5,975,297 |
BetaBuilders U.S. Equity ETF |
Bank of America Corp. |
6,678,688 |
|
Citigroup Global Markets Inc. |
2,646,200 |
|
Goldman Sachs and Company |
2,629,319 |
|
Jefferies Financial Group, Inc. |
160,390 |
|
Wells Fargo & Co. |
3,965,821 |
BetaBuilders U.S. Small Cap Equity ETF |
Virtu Financial, Inc., Class A |
504,069 |
Carbon Transition U.S. Equity ETF |
Bank of America Corp. |
283,288 |
|
Citigroup Global Markets Inc. |
145,236 |
|
Goldman Sachs and Company |
150,459 |
|
Wells Fargo & Co. |
77,763 |
Emerging Markets Equity ETF |
CITIC Ltd. |
716,253 |
International Equity ETF |
Macquarie Bank Ltd. |
364,053 |
U.S. Equity ETF |
Bank of America Corp. |
2,061,277 |
|
Virtu Financial, Inc., Class A |
1,664,696 |
U.S. Mid Cap Equity ETF |
Virtu Financial, Inc., Class A |
521,112 |
U.S. Small Cap Equity ETF |
Cowen, Inc., Class A |
381,903 |
U.S. Momentum Factor ETF |
Goldman Sachs and Company |
1,360,335 |
|
Jefferies Financial Group, Inc. |
592,626 |
U.S. Quality Factor ETF |
Virtu Financial, Inc., Class A |
361,158 |
Fund |
Name of Broker-Dealer |
Value of Securities Owned |
U.S. Value Factor ETF |
Citigroup Global Markets Inc. |
$3,106,391 |
|
Virtu Financial, Inc., Class A |
204,315 |
FUND |
CREATION* |
REDEMPTION* |
BetaBuilders Canada ETF |
50,000 |
50,000 |
BetaBuilders Developed Asia Pacific ex-Japan ETF |
100,000 |
100,000 |
BetaBuilders Europe ETF |
100,000 |
100,000 |
BetaBuilders International Equity ETF |
200,000 |
200,000 |
BetaBuilders Japan ETF |
200,000 |
200,000 |
BetaBuilders U.S. Equity ETF |
50,000 |
50,000 |
BetaBuilders U.S. Mid Cap Equity ETF |
25,000 |
25,000 |
BetaBuilders U.S. Small Cap Equity ETF |
25,000 |
25,000 |
Carbon Transition U.S. Equity ETF |
50,000 |
50,000 |
Emerging Markets Equity ETF |
100,000 |
100,000 |
International Equity ETF |
100,000 |
100,000 |
U.S. Equity ETF |
100,000 |
100,000 |
U.S. Mid Cap Equity ETF |
100,000 |
100,000 |
U.S. Small Cap Equity ETF |
50,000 |
50,000 |
U.S. Dividend ETF |
50,000 |
50,000 |
U.S. Minimum Volatility ETF |
50,000 |
50,000 |
U.S. Momentum Factor ETF |
50,000 |
50,000 |
U.S. Quality Factor ETF |
50,000 |
50,000 |
U.S. Value Factor ETF |
50,000 |
50,000 |
|
Capital Loss Carryforward Character | |
Fund |
Short-Term |
Long-Term |
BetaBuilders Canada ETF |
$20,845,190 |
$86,600,099 |
BetaBuilders Developed Asia Pacific ex-Japan ETF |
18,171,779 |
21,324,799 |
BetaBuilders Europe ETF |
27,609,126 |
59,635,553 |
BetaBuilders International Equity ETF |
4,525,044 |
— |
BetaBuilders Japan ETF |
30,273,156 |
32,151,593 |
BetaBuilders U.S. Equity ETF |
2,147,526 |
— |
BetaBuilders U.S. Mid Cap Equity ETF |
9,867,052 |
— |
BetaBuilders U.S. Small Cap Equity ETF |
5,458,075 |
— |
Carbon Transition U.S. Equity ETF |
45,097 |
— |
Emerging Markets Equity ETF |
24,533,444 |
5,007,738 |
International Equity ETF |
36,165,399 |
62,789,489 |
U.S. Dividend ETF |
978,409 |
1,070,914 |
U.S. Equity ETF |
20,891,686 |
11,518,882 |
U.S. Mid Cap Equity ETF |
8,423,388 |
4,365,390 |
U.S. Minimum Volatility ETF |
2,963,724 |
528,648 |
U.S. Momentum Factor ETF |
4,832,703 |
— |
U.S. Quality Factor ETF |
7,102,747 |
1,383,423 |
U.S. Small Cap Equity ETF |
7,633,472 |
3,234,916 |
U.S. Value Factor ETF |
20,097,834 |
1,606,270 |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
JPMORGAN BETABUILDERS CANADA ETF | ||
|
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION* 383 MADISON AVENUE NEW YORK, NY 10017 |
55.2% |
|
|
|
|
J.P. MORGAN SECURITIES LLC* 383 MADISON AVENUE NEW YORK, NY 10017 |
32.9% |
JPMORGAN BETABUILDERS DEVELOPED ASIA PACIFIC EX-JAPAN ETF | ||
|
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION* 383 MADISON AVENUE NEW YORK, NY 10017 |
57.9% |
|
|
|
|
J.P. MORGAN SECURITIES LLC* 383 MADISON AVENUE NEW YORK, NY 10017 |
39.0% |
JPMORGAN BETABUILDERS EUROPE ETF | ||
|
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION* 383 MADISON AVENUE NEW YORK, NY 10017 |
53.9% |
|
|
|
|
J.P. MORGAN SECURITIES LLC* 383 MADISON AVENUE NEW YORK, NY 10017 |
42.6% |
JPMORGAN BETABUILDERS INTERNATIONAL EQUITY ETF | ||
|
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION* 383 MADISON AVENUE NEW YORK, NY 10017 |
88.6% |
|
|
|
|
J.P. MORGAN SECURITIES LLC* 383 MADISON AVENUE NEW YORK, NY 10017 |
5.5% |
JPMORGAN BETABUILDERS JAPAN ETF | ||
|
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION* 383 MADISON AVENUE NEW YORK, NY 10017 |
47.7% |
|
|
|
|
J.P. MORGAN SECURITIES LLC* 383 MADISON AVENUE NEW YORK, NY 10017 |
31.5% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
JPMORGAN BETABUILDERS U.S. EQUITY ETF | ||
|
J.P. MORGAN SECURITIES LLC* 383 MADISON AVENUE NEW YORK, NY 10017 |
48.3% |
|
|
|
|
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION* 383 MADISON AVENUE NEW YORK, NY 10017 |
12.8% |
|
|
|
|
CITIBANK, NATIONAL ASSOCIATION 388 GREENWICH STREET NEW YORK, NY 10013 |
8.6% |
|
|
|
|
ASSETMARK TRUST COMPANY 1655 GRANT STREET, 10TH FLOOR CONCORD, CA 94520 |
7.4% |
JPMORGAN BETABUILDERS U.S. MID CAP EQUITY ETF | ||
|
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION* 383 MADISON AVENUE NEW YORK, NY 10017 |
97.3% |
JPMORGAN BETABUILDERS U.S. SMALL CAP EQUITY ETF | ||
|
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION* 383 MADISON AVENUE NEW YORK, NY 10017 |
98.1% |
JPMORGAN CARBON TRANSITION U.S. EQUITY ETF | ||
|
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION* 383 MADISON AVENUE NEW YORK, NY 10017 |
76.4% |
|
|
|
|
CHARLES SCHWAB RETAIL 211 MAIN ST. SAN FRANCISCO, CA 94105 |
6.1% |
|
|
|
|
CHARLES SCHWAB & CO., INC. 211 MAIN ST. SAN FRANCISCO, CA 94105 |
5.2% |
JPMORGAN DIVERSIFIED RETURN EMERGING MARKETS EQUITY ETF | ||
|
THE BANK OF NEW YORK MELLON 240 GREENWICH STREET NEW YORK, NY 10286 |
22.0% |
|
|
|
|
LINSCOMB & WILLIAMS 1400 POST OAK BLVD, SUITE 1000 HOUSTON, TX 77056 |
6.7% |
|
|
|
|
FIDELITY BROKERAGE SERVICES LLC 245 SUMMER STREET BOSTON, MA 02210 |
6.2% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
MORGAN STANLEY 1585 BROADWAY NEW YORK, NY 10036 |
5.9% |
|
|
|
|
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 1 BRYANT PARK NEW YORK, NY 10036 |
5.9% |
|
|
|
|
CHARLES SCHWAB RETAIL 211 MAIN ST. SAN FRANCISCO, CA 94105 |
5.4% |
JPMORGAN DIVERSIFIED RETURN INTERNATIONAL EQUITY ETF | ||
|
CHARLES SCHWAB RETAIL 211 MAIN ST. SAN FRANCISCO, CA 94105 |
18.5% |
|
|
|
|
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 505 NORTH HIGHWAY 169, SUITE 900 PLYMOUTH, MN 55441 |
15.8% |
|
|
|
|
FIDELITY BROKERAGE SERVICES LLC 245 SUMMER STREET BOSTON, MA 02210 |
6.4% |
|
|
|
|
UBS FINANCIAL SERVICES INC. 1285 6TH AVE NEW YORK, NY 10019 |
5.5% |
JPMORGAN DIVERSIFIED RETURN U.S. EQUITY ETF | ||
|
MODERA WEALTH MANAGEMENT, LLC 56 JEFFERSON AVENUE WESTWOOD, NJ 07675 |
17.3% |
|
|
|
|
ST. GERMAIN SECURITIES, INC. 1500 MAIN ST. SPRINGFIELD, MA 01105 |
9.9% |
|
|
|
|
CHARLES SCHWAB RETAIL 211 MAIN ST. SAN FRANCISCO, CA 94105 |
7.0% |
|
|
|
|
FIDELITY BROKERAGE SERVICES LLC 245 SUMMER STREET BOSTON, MA 02210 |
6.2% |
|
|
|
|
PLANNING ALTERNATIVES LTD 36800 WOODWARD AVE #200 BLOOMFIELD HILLS, MI 48304 |
5.9% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
UBS FINANCIAL SERVICES INC. 1285 6TH AVE NEW YORK, NY 10019 |
5.6% |
|
|
|
|
THE BANK OF NEW YORK MELLON 240 GREENWICH STREET NEW YORK, NY 10286 |
5.5% |
|
|
|
|
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 1 BRYANT PARK NEW YORK, NY 10036 |
5.5% |
JPMORGAN DIVERSIFIED RETURN U.S. MID CAP EQUITY ETF | ||
|
ARGI INVESTMENT SERVICES, LLC 2201 HIGH WICKHAM PL LOUISVILLE, KY, 40245 |
27.0% |
|
|
|
|
CHANGEPATH LLC 11460 TOMAHAWK CREEK PKWY LEAWOOD, KS 66211 |
6.7% |
|
|
|
|
TRILOGY CAPITAL, INC. 990 BISCAYNE BLVD., SUITE 1203 MIAMI, FL 33132 |
5.5% |
|
|
|
|
CHARLES SCHWAB RETAIL 211 MAIN ST. SAN FRANCISCO, CA 94105 |
5.1% |
JPMORGAN DIVERSIFIED RETURN U.S. SMALL CAP EQUITY ETF | ||
|
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 1 BRYANT PARK NEW YORK, NY 10036 |
11.3% |
|
|
|
|
CHARLES SCHWAB RETAIL 211 MAIN ST. SAN FRANCISCO, CA 94105 |
9.0% |
|
|
|
|
KOSS-OLINGER CONSULTING, LLC. 2700 NW 43RD ST GAINESVILLE, FL 32606 |
8.7% |
|
|
|
|
ARBOR POINT ADVISORS 12325 PORT GRACE BLVD LA VISTA, NE 68128 |
6.3% |
|
|
|
|
RBC CAPITAL MARKETS, LLC 200 VESEY ST., 9TH FLOOR NEW YORK, NY 10281 |
6.2% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
RAYMOND JAMES FINANCIAL SERVICES, INC. 880 CARILLON PARKWAY ST. PETERSBURG, FL 33716 |
6.1% |
|
|
|
|
LPL FINANCIAL LLC 4707 EXECUTIVE DRIVE SAN DIEGO, CA 92121 |
5.1% |
JPMORGAN U.S. DIVIDEND ETF | ||
|
BRASS TAX WEALTH MANAGEMENT 4755 CORNELL RD. BLEU ASH, OH 45241 |
16.1% |
|
|
|
|
CHARLES SCHWAB RETAIL 211 MAIN ST. SAN FRANCISCO, CA 94105 |
9.6% |
|
|
|
|
FIDELITY BROKERAGE SERVICES LLC 245 SUMMER STREET BOSTON, MA 02210 |
9.4% |
|
|
|
|
LPL FINANCIAL LLC 4707 EXECUTIVE DRIVE SAN DIEGO, CA 92121 |
6.0% |
|
|
|
|
J.P. MORGAN SECURITIES LLC* 383 MADISON AVENUE NEW YORK, NY 10017 |
5.7% |
|
|
|
|
RAYMOND JAMES FINANCIAL SERVICES, INC. 880 CARILLON PARKWAY ST. PETERSBURG, FL 33716 |
5.4% |
JPMORGAN U.S. MINIMUM VOLATILITY ETF | ||
|
BOFA SECURITIES, INC. 1 BRYANT PARK NEW YORK, NY 10036 |
18.1% |
|
|
|
|
CHARLES SCHWAB RETAIL 211 MAIN ST. SAN FRANCISCO, CA 94105 |
14.8% |
|
|
|
|
THE GOLDMAN SACHS TRUST COMPANY, NATIONAL ASSOCIATION 200 WEST ST. NEW YORK, NY 10282 |
12.1% |
|
|
|
|
WOODBURY FINANCIAL SERVICES, INC. 7755 3RD STREET NORTH OAKDALE, MN 55128 |
7.5% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
CHARLES SCHWAB & CO., INC. 211 MAIN ST. SAN FRANCISCO, CA 94105 |
5.9% |
JPMORGAN U.S. MOMENTUM FACTOR ETF | ||
|
RONALD BLUE TRUST 1125 SANCTUARY PARKWAY, SUITE 500 ALPHARETTA, GA 30009 |
55.1% |
|
|
|
|
SGH WEALTH MANAGEMENT 17500 W ELEVEN MILE RD LATHRUP VILLAGE, MI 48076 |
11.7% |
|
|
|
|
THE BANK OF NEW YORK MELLON 240 GREENWICH STREET NEW YORK, NY 10286 |
7.6% |
JPMORGAN U.S. QUALITY FACTOR ETF | ||
|
CHARLES SCHWAB RETAIL 211 MAIN ST. SAN FRANCISCO, CA 94105 |
13.1% |
|
|
|
|
3D/L CAPITAL MANAGEMENT, LLC 100 CONSTITUTION PLAZA SUITE 700 HARTFORD, CT 06103 |
8.4% |
|
|
|
|
RVW WEALTH LLC 1880 CENTURY PARK EAST, SUITE 200 LOS ANGELES, CA 90067 |
5.8% |
|
|
|
|
REDW WEALTH LLC 7425 JEFFERSON ST NE ALBUQUERQUE, NM 87109 |
5.2% |
JPMORGAN U.S. VALUE FACTOR ETF | ||
|
BRINKER CAPITAL INVESTMENTS, LLC. 1055 WESTLAKES DRIVE SUITE 250 BERWYN, PA, 19312 |
7.5% |
|
|
|
|
COBBLESTONE CAPITAL ADVISORS, LLC 500 LINDEN OAKS, SUITE 210 ROCHESTER, NY 14625 |
6.9% |
|
|
|
|
MORGAN STANLEY 1585 BROADWAY NEW YORK, NY 10036 |
6.2% |
|
|
|
|
FIDELITY BROKERAGE SERVICES LLC 245 SUMMER STREET BOSTON, MA 02210 |
5.9% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
THE BANK OF NEW YORK MELLON 240 GREENWICH STREET NEW YORK, NY 10286 |
5.3% |
Fund Name |
Ticker |
Listing Exchange |
JPMorgan ActiveBuilders Emerging Markets Equity ETF (formerly, JPMorgan Emerging Markets Equity Core ETF) (the “ActiveBuilders Emerging Markets Equity ETF”) |
JEMA |
Cboe BZX Exchange, Inc. |
JPMorgan ActiveBuilders International Equity ETF (the “ActiveBuilders International Equity ETF”) |
JIDA |
NYSE Arca |
JPMorgan International Growth ETF (the “International Growth ETF”) |
JIG |
NYSE Arca |
1 | |
1 | |
1 | |
1 | |
2 | |
3 | |
3 | |
8 | |
8 | |
9 | |
9 | |
9 | |
10 | |
11 | |
11 | |
11 | |
11 | |
12 | |
13 | |
13 | |
13 | |
13 | |
14 | |
14 | |
14 | |
14 | |
14 | |
15 | |
15 | |
15 | |
15 | |
15 | |
15 | |
15 | |
15 | |
15 | |
16 |
FUND NAME |
FUND CODE |
ActiveBuilders Emerging Markets Equity ETF |
1 |
ActiveBuilders International Equity ETF |
2 |
International Growth ETF |
3 |
Instrument |
Fund Code |
Part II Section Reference |
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. |
3 |
Mortgage-Related Securities |
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. |
3 |
Asset-Backed Securities |
Auction Rate Securities: Auction rate municipal securities and auction rate preferred securities issued by closed-end investment companies. |
3 |
Auction Rate Securities |
Instrument |
Fund Code |
Part II Section Reference |
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. |
3 |
Bank Obligations |
Borrowings: A Fund may borrow for temporary purposes and/or for investment purposes. Such a practice will result in leveraging of a Fund’s assets and may cause a 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 a Fund’s total assets made for temporary administrative purposes. |
3 |
Miscellaneous Investment Strategies and Risks |
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. |
1-3 |
Options and Futures Transactions |
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. |
3 |
Commercial Paper |
Commodity-Linked Derivatives: Securities, whose value derives from the price of a commodity, including commodity futures and commodity options. |
3 |
Miscellaneous Investment Strategies and Risks |
Common Stock: Shares of ownership of a company. |
1-3 |
Equity Securities, Warrants and Rights |
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. |
1-3 |
Equity Securities, Warrants and Rights |
Convertible Securities: Bonds or preferred stock that can convert to common stock. |
1-3 |
Convertible Securities |
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, 3 |
Debt Instruments |
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. |
3 |
Swaps and Related Swap Products |
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. |
3 |
Custodial Receipts |
Instrument |
Fund Code |
Part II Section Reference |
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. |
3 |
Demand Features |
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. |
1-3 |
Foreign Investments (including Foreign Currencies) |
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. |
1-2 |
Investment Company Securities and Exchange- Traded Funds |
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. |
1-3 |
Foreign Investments (including Foreign Currencies) |
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”). |
1-3 |
Foreign Investments (including Foreign Currencies) |
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. |
1, 3 |
Debt Instruments |
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, 3 |
Debt Instruments |
Initial Public Offering (“IPOs”): A transaction in which a previously private company makes its first sale of stock to the public. |
1-3 |
Equity Securities, Warrants and Rights |
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, 3 |
Inverse Floaters and Interest Rate Caps |
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. |
1-3 |
Investment Company Securities and Exchange- Traded Funds |
Loan Assignments and Participations: Assignments of, or participations in, all or a portion of loans to corporations or to governments, including governments of lesser developed countries. |
1, 3 |
Loans |
Instrument |
Fund Code |
Part II Section Reference |
Master Limited Partnerships (“MLPs”): Limited partnerships that are publicly traded on a securities exchange. |
1, 3 |
Master Limited Partnerships |
Mortgages (Directly Held): Debt instruments secured by real property. |
1, 3 |
Mortgage-Related Securities |
Mortgage-Backed Securities: Debt obligations secured by real estate loans and pools of loans. |
1, 3 |
Mortgage-Related Securities |
Mortgage Dollar Rolls: 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, 3 |
Mortgage-Related Securities |
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. |
3 |
Municipal Securities |
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. |
1-3 |
Miscellaneous Investment Strategies and Risks |
Obligations of Supranational Agencies: Obligations which are chartered to promote economic development and are supported by various governments and governmental agencies. |
3 |
Foreign Investments (including Foreign Currencies) |
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 and indexes of securities and (b) futures contracts on securities and indexes of securities. |
1-3 |
Options and Futures Transactions |
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. |
1-3 |
Equity Securities, Warrants and Rights |
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. |
1-3 |
Miscellaneous Investment Strategies and Risks |
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 |
Real Estate Investment Trusts |
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. |
1-3 |
Repurchase Agreements |
Reverse Repurchase Agreements: 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. |
1, 3 |
Reverse Repurchase Agreements |
Securities Issued in Connection with Reorganizations and Corporate Restructurings: In connection with reorganizing or restructuring of an issuer, an issuer may issue common stock or other securities to holders of its debt securities. |
1-3 |
Miscellaneous Investment Strategies and Risks |
Securities Lending: The lending of up to 33 1∕3% of a Fund’s total assets. In return a Fund will receive cash as collateral. |
1-3 |
Securities Lending |
Instrument |
Fund Code |
Part II Section Reference |
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”). |
1-3 |
Short-Term Funding Agreements |
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. A Fund may enter into physical short transactions or obtain the short exposure through synthetic derivative transactions. |
3 |
Short Selling |
Sovereign Obligations: Investments in debt obligations issued or guaranteed by a foreign sovereign government or its agencies, authorities or political subdivisions. |
1, 3 |
Foreign Investments (including Foreign Currencies) |
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, 3 |
Mortgage-Related Securities |
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 index, currency, commodity or financial instrument. |
1, 3 |
Structured Investments |
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, 3 |
Swaps and Related Swap Products |
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. |
1, 3 |
Synthetic Variable Rate Instruments |
Temporary Defensive Positions: To respond to unusual circumstances a Fund may invest a portion of its total assets in cash and cash equivalents for temporary defensive purposes. |
1-3 |
Miscellaneous Investment Strategies and Risks |
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, 3 |
Treasury Receipts |
Instrument |
Fund Code |
Part II Section Reference |
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. |
1 |
Trust Preferred |
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 the Government National Mortgage Association (“Ginnie Mae”), the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”), including funding notes, subordinated benchmark notes, CMOs and REMICs. |
1, 3 |
U.S. Government Obligations |
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, 3 |
U.S. Government Obligations |
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 |
Debt Instruments |
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, 3 |
When-Issued Securities, Delayed Delivery Securities and Forward Commitments |
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, 3 |
Debt Instruments |
|
Fiscal Year Ended October 31, | |
Fund |
2020 |
2021 |
ActiveBuilders Emerging Markets Equity ETF1 |
N/A |
40% |
ActiveBuilders International Equity ETF2 |
N/A |
9% |
International Growth ETF3 |
12% |
37% |
Committee |
Fiscal Year Ended October 31, 2021 |
Audit and Valuation Committee |
4 |
Governance and Nominating Committee |
3 |
Oversight Committee for Insurance and Performance Reports |
3 |
Name of Trustee |
Dollar Range of Equity Securities in ActiveBuidlers Emerging Markets Equity ETF |
Dollar Range of Equity Securities in ActiveBuidlers International Equity ETF |
Dollar Range of Equity Securities in International Growth ETF |
Aggregate Dollar Range of Equity Securities in All Registered Investment Companies Overseen by the Trustee in Family of Investment Companies1,2 |
Independent Trustees |
|
|
|
|
John F. Finn3 |
None |
None |
None |
Over $100,000 |
Stephen P. Fisher3 |
None |
None |
None |
Over $100,000 |
Gary L. French |
None |
None |
None |
Over $100,000 |
Kathleen M. Gallagher |
None |
None |
None |
Over $100,000 |
Robert J. Grassi |
None |
None |
None |
Over $100,000 |
Name of Trustee |
Dollar Range of Equity Securities in ActiveBuidlers Emerging Markets Equity ETF |
Dollar Range of Equity Securities in ActiveBuidlers International Equity ETF |
Dollar Range of Equity Securities in International Growth ETF |
Aggregate Dollar Range of Equity Securities in All Registered Investment Companies Overseen by the Trustee in Family of Investment Companies1,2 |
Frankie D. Hughes |
None |
None |
None |
Over $100,000 |
Raymond Kanner3 |
None |
None |
None |
Over $100,000 |
Thomas P. Lemke |
None |
None |
None |
Over $100,000 |
Lawrence R. Maffia |
None |
None |
None |
Over $100,000 |
Mary E. Martinez |
None |
None |
None |
Over $100,000 |
Marilyn McCoy3 |
None |
None |
None |
Over $100,000 |
Dr. Robert A. Oden, Jr. |
None |
None |
None |
Over $100,000 |
Marian U. Pardo3 |
None |
None |
None |
Over $100,000 |
Emily A. Youssouf |
None |
None |
None |
$10,001– $50,000 |
Interested Trustee |
|
|
|
|
Robert Deutsch |
None |
None |
None |
Over $100,000 |
Nina O. Shenker3 |
None |
None |
None |
None |
Name of Trustee |
ActiveBuilders International Equity ETF |
ActiveBuilders Emerging Markets Equity ETF |
International Growth ETF |
Total Compensation Paid From Fund Complex1 |
Independent Trustees |
|
|
|
|
John F. Finn5 |
$0 |
$0 |
$0 |
$620,000 |
Stephen P. Fisher5 |
0 |
0 |
0 |
445,0002 |
Gary L. French |
30 |
399 |
158 |
157,500 |
Kathleen M. Gallagher5 |
0 |
0 |
0 |
432,5003 |
Robert J. Grassi |
29 |
395 |
156 |
156,000 |
Frankie D. Hughes5 |
0 |
0 |
0 |
395,000 |
Name of Trustee |
ActiveBuilders International Equity ETF |
ActiveBuilders Emerging Markets Equity ETF |
International Growth ETF |
Total Compensation Paid From Fund Complex1 |
Raymond Kanner5 |
$0 |
$0 |
$0 |
$445,0002 |
Thomas P. Lemke |
30 |
400 |
158 |
158,000 |
Lawrence Maffia |
29 |
395 |
156 |
156,000 |
Mary E. Martinez5 |
0 |
0 |
0 |
520,000 |
Marilyn McCoy5 |
0 |
0 |
0 |
395,0004 |
Dr. Robert A. Oden, Jr.5 |
0 |
0 |
0 |
445,000 |
Marian U. Pardo5 |
0 |
0 |
0 |
445,000 |
Emily Youssouf |
29 |
395 |
156 |
156,000 |
Interested Trustees |
|
|
|
|
Robert Deutsch |
28 |
380 |
150 |
150,000 |
Nina O. Shenker5 |
0 |
0 |
0 |
0 |
|
Fiscal Year Ended | ||
Fund |
October 31, 2019 |
October 31, 2020 |
October 31, 2021 |
ActiveBuilders Emerging Markets Equity ETF1 |
N/A |
N/A |
$418,749 |
ActiveBuilders International Equity ETF2 |
N/A |
N/A |
22,839 |
International Growth ETF3 |
N/A |
$70,217 |
306,545 |
|
Non-Performance Based Fee Advisory Accounts | |||||
Registered Investment Companies |
Other Pooled Investment Vehicles |
Other Accounts | ||||
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) | |
ActiveBuilders Emerging Markets Equity ETF |
|
Non-Performance Based Fee Advisory Accounts | |||||
Registered Investment Companies |
Other Pooled Investment Vehicles |
Other Accounts | ||||
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) | |
Anuj Arora |
6 |
$5,058,520 |
9 |
$11,782,075 |
19 |
$6,703,248 |
Joyce Weng |
5 |
1,231,900 |
2 |
424,663 |
4 |
730,418 |
Harold Yu |
0 |
0 |
1 |
11,667 |
0 |
0 |
ActiveBuilders International Equity ETF | ||||||
Nicholas Horne |
1 |
409 |
4 |
2,468,476 |
0 |
0 |
Philippa Clough |
0 |
0 |
2 |
2,215,175 |
1 |
370,757 |
Richard Morillot |
0 |
0 |
0 |
0 |
0 |
0 |
International Growth ETF | ||||||
Shane Duffy |
12 |
10,998,941 |
6 |
3,957,688 |
22 |
7,348,335 |
Thomas Murray |
14 |
11,209,546 |
6 |
3,957,688 |
24 |
9,476,061 |
|
Performance Based Fee Advisory Accounts | |||||
Registered Investment Companies |
Other Pooled Investment Vehicles |
Other Accounts | ||||
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) | |
ActiveBuilders Emerging Markets Equity ETF | ||||||
Anuj Arora |
0 |
$0 |
0 |
$0 |
2 |
$705,393 |
Joyce Weng |
0 |
0 |
0 |
0 |
0 |
0 |
Harold Yu |
0 |
0 |
0 |
0 |
0 |
0 |
ActiveBuilders International Equity ETF | ||||||
Nicholas Horne |
0 |
0 |
0 |
0 |
2 |
58,910 |
Philippa Clough |
0 |
0 |
0 |
0 |
0 |
0 |
Richard Morillot |
0 |
0 |
0 |
0 |
1 |
2 |
International Growth ETF | ||||||
Shane Duffy |
0 |
0 |
0 |
0 |
4 |
1,361,686 |
Thomas Murray |
0 |
0 |
0 |
0 |
3 |
851,815 |
Fund |
Aggregate Dollar Range of Securities in the Fund | ||||||
None |
$1- $10,000 |
$10,001- $50,000 |
$50,001- $100,000 |
$100,001- $500,000 |
$500,001- $1,000,000 |
Over $1,000,000 | |
ActiveBuilders Emerging Markets Equity ETF | |||||||
Anuj Arora |
X |
|
|
|
|
|
|
Joyce Weng |
X |
|
|
|
|
|
|
Harold Yu |
X |
|
|
|
|
|
|
ActiveBuilders International Equity ETF | |||||||
Nicholas Horne |
X |
|
|
|
|
|
|
Philippa Clough |
X |
|
|
|
|
|
|
Richard Morillot |
X |
|
|
|
|
|
|
International Growth ETF | |||||||
Shane Duffy |
X |
|
|
|
|
|
|
Thomas Murray |
X |
|
|
|
|
|
|
Name of Fund |
Benchmark |
ActiveBuilders Emerging Markets Equity ETF |
MSCI Emerging Markets Index |
ActiveBuilders International Equity ETF |
MSCI EAFE Index |
International Growth ETF |
MSCI ACWI ex USA Growth Index |
|
Fiscal Year Ended | ||
Fund |
October 31, 2019 |
October 31, 2020 |
October 31, 2021 |
ActiveBuilders Emerging Markets Equity ETF1 |
N/A |
N/A |
$14,940 |
ActiveBuilders International Equity ETF2 |
N/A |
N/A |
5,625 |
International Growth ETF3 |
N/A |
$10,101 |
22,500 |
|
Activebuilders Emerging Markets Equity ETF |
Activebuilders International Equity ETF |
Gross Income from Securities Lending Activities1 |
$2,820 |
$314 |
Fees and/or Compensation for Securities Lending Activities |
|
|
Revenue Split2 |
208 |
20 |
Cash Collateral Management Fees3 |
220 |
54 |
Administrative Fees |
— |
— |
Indemnification Fees |
— |
— |
Rebates to Borrowers |
102 |
(9) |
Others Fees |
— |
— |
Aggregate Fees/Compensation for Securities Lending Activities |
529 |
65 |
Net Income from the Securities Lending Activities |
2,291 |
250 |
|
Fiscal Year Ended | ||
Fund |
October 31, 2019 |
October 31, 2020 |
October 31, 2021 |
ActiveBuilders Emerging Markets Equity ETF1 | |||
Total Brokerage Commissions |
N/A |
N/A |
$133,341 |
Brokerage Commissions to Affiliated Broker/Dealers |
N/A |
N/A |
— |
ActiveBuilders International Equity ETF2 | |||
Total Brokerage Commissions |
N/A |
N/A |
3,923 |
Brokerage Commissions to Affiliated Broker/Dealers |
N/A |
N/A |
— |
International Growth ETF3 | |||
Total Brokerage Commissions |
N/A |
$2,461 |
13,274 |
Brokerage Commissions to Affiliated Broker/Dealers |
N/A |
— |
— |
Fund |
Name of Broker-Dealer |
Value of Securities Owned |
ActiveBuilders International Equity ETF |
Credit Agricole SA |
$17,305 |
|
Macquarie Bank Ltd. |
25,835 |
|
Mizuho Financial Group, Inc. |
58,071 |
|
UBS Financial Services Inc. |
145,804 |
FUND |
CREATION* |
REDEMPTION* |
ActiveBuilders Emerging Markets Equity ETF |
100,000 |
100,000 |
ActiveBuilders International Equity ETF |
100,000 |
100,000 |
International Growth ETF |
25,000 |
25,000 |
|
Capital Loss Carryforward Character | |
Fund |
Short-Term |
Long-Term |
ActiveBuilders International Equity ETF |
$68,769 |
$— |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
JPMORGAN ACTIVEBUILDERS EMERGING MARKETS EQUITY ETF | ||
|
THE NORTHERN TRUST COMPANY 50 S LASALLE ST. CHICAGO, IL 60603 |
65.2% |
|
|
|
|
J.P. MORGAN SECURITIES LLC* 383 MADISON AVENUE NEW YORK, NY 10017 |
24.4% |
JPMORGAN ACTIVEBUILDERS INTERNATIONAL EQUITY ETF | ||
|
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION* 383 MADISON AVENUE NEW YORK, NY 10017 |
80.8% |
|
|
|
|
BOFA SECURITIES, INC. 1 BRYANT PARK NEW YORK, NY 10036 |
16.5% |
JPMORGAN INTERNATIONAL GROWTH ETF | ||
|
CITIBANK, NATIONAL ASSOCIATION 388 GREENWICH STREET NEW YORK, NY 10013 |
12.1% |
|
|
|
|
THRIVENT INVESTMENT MANAGEMENT INC. 600 PORTLAND AVENUE S., SUITE 100 MINNEAPOLIS, MN 55415 |
10.1% |
|
|
|
|
CHARLES SCHWAB RETAIL 211 MAIN ST. SAN FRANCISCO, CA 94105 |
8.8% |
|
|
|
|
INDEPENDENT FINANCIAL GROUP, LLC 12671 HIGH BLUFF DRIVE, SUITE 200 SAN DIEGO, CA 92130 |
8.5% |
|
|
|
|
FIDELITY BROKERAGE SERVICES LLC 245 SUMMER STREET BOSTON, MA 02210 |
5.2% |
1 | |
1 | |
2 | |
3 | |
3 | |
4 | |
5 | |
5 | |
9 | |
9 | |
9 | |
10 | |
19 | |
19 | |
20 | |
25 | |
30 | |
39 | |
43 | |
48 | |
49 | |
49 | |
50 | |
50 | |
51 | |
51 | |
52 | |
52 | |
53 | |
56 | |
58 | |
59 | |
59 | |
59 | |
60 | |
61 | |
61 | |
61 | |
61 | |
62 | |
63 | |
72 | |
73 | |
73 | |
75 | |
76 | |
78 | |
78 | |
78 | |
78 |
79 | |
79 | |
80 | |
81 | |
82 | |
83 | |
87 | |
88 | |
88 | |
89 | |
90 | |
90 | |
90 | |
91 | |
91 | |
91 | |
97 | |
101 | |
102 | |
104 | |
104 | |
106 | |
106 | |
106 | |
107 | |
107 | |
112 | |
113 | |
113 | |
113 | |
114 | |
116 | |
117 | |
117 | |
118 | |
118 | |
119 | |
119 | |
120 | |
120 | |
121 | |
121 | |
121 | |
121 | |
123 | |
123 | |
125 | |
125 | |
131 | |
A-1 | |
B-1 | |
C-1 |
Name (Year of Birth; Term of Office, and Length of Time Served)(1) |
Principal Occupation(s) During Past 5 Years |
Number of Funds in Fund Complex Overseen by Trustee(1) |
Other Trusteeships/ Directorships Held During the Past 5 Years |
Independent Trustees |
|
|
|
John F. Finn (1947); Chair since 2020; Trustee, since 1998. |
Chairman, Gardner, Inc. (supply chain management company serving industrial and consumer markets) (serving in various roles 1974–present). |
168 |
Director, Greif, Inc. (GEF) (industrial package products and services) (2007–present); Trustee, Columbus Association for the Performing Arts (1988- present). |
Name (Year of Birth; Term of Office, and Length of Time Served)(1) |
Principal Occupation(s) During Past 5 Years |
Number of Funds in Fund Complex Overseen by Trustee(1) |
Other Trusteeships/ Directorships Held During the Past 5 Years |
Stephen P. Fisher (1959); Trustee, since 2018. |
Retired; Chairman and Chief Executive Officer, NYLIFE Distributors LLC (registered broker- dealer) (serving in various roles 2008- 2013); Chairman, NYLIM Service Company LLC (transfer agent) (2008- 2017); New York Life Investment Management LLC (registered investment adviser) (serving in various roles 2005- 2017); Chairman, IndexIQ Advisors LLC (registered investment adviser for ETFs) (2014-2017); President, MainStay VP Funds Trust (2007-2017), MainStay DefinedTerm Municipal Opportunities Fund (2011-2017) and Main- Stay Funds Trust (2007-2017) (registered investment companies). |
168 |
Honors Program Advisory Board Member, The Zicklin School of Business, Baruch College, The City University of New York (2017-present). |
Gary L. French (1951); Trustee, since 2014. |
Real Estate Investor (2011-2020); Investment management industry Consultant and Expert Witness (2011-present); Senior Consultant for The Regulatory Fundamentals Group LLC (2011-2017). |
168 |
Independent Trustee, The China Fund, Inc. (2013- 2019); Exchange Traded Concepts Trust II (2012- 2014); Exchange Traded Concepts Trust I (2011- 2014). |
Name (Year of Birth; Term of Office, and Length of Time Served)(1) |
Principal Occupation(s) During Past 5 Years |
Number of Funds in Fund Complex Overseen by Trustee(1) |
Other Trusteeships/ Directorships Held During the Past 5 Years |
Kathleen M. Gallagher (1958); Trustee, since 2018. |
Retired; Chief Investment Officer – Benefit Plans, Ford Motor Company (serving in various roles 1985-2016). |
168 |
Non-Executive Director, Legal & General Investment Management (Holdings) (2018- present); Non-Executive Director, Legal & General Investment Management America (U.S. Holdings) (financial services and insurance) (2017- present); Advisory Board Member, State Street Global Advisors Total Portfolio Solutions (2017-present); Member, Client Advisory Council, Financial Engines, LLC (registered investment adviser) (2011-2016); Director, Ford Pension Funds Investment Management Ltd. (2007- 2016). |
Robert J. Grassi (1957); Trustee, since 2014. |
Sole Proprietor, Academy Hills Advisors LLC (2012- present); Pension Director, Corning Incorporated (2002- 2012). |
168 |
None. |
Frankie D. Hughes (1952); Trustee, since 2008. |
President, Ashland Hughes Properties (property management) (2014–present); President and Chief Investment Officer, Hughes Capital Management, Inc. (fixed income asset management) (1993– 2014). |
168 |
None. |
Name (Year of Birth; Term of Office, and Length of Time Served)(1) |
Principal Occupation(s) During Past 5 Years |
Number of Funds in Fund Complex Overseen by Trustee(1) |
Other Trusteeships/ Directorships Held During the Past 5 Years |
Raymond Kanner (1953); Trustee, since 2017. |
Retired; Managing Director and Chief Investment Officer, IBM Retirement Funds (2007–2016). |
168 |
Advisory Board Member, Penso Advisors, LLC (2020- present); Advisory Board Member, Los Angeles Capital (2018-present); Advisory Board Member, State Street Global Advisors Total Portfolio Solutions (2017-present); Acting Executive Director, Committee on Investment of Employee Benefit Assets (CIEBA) (2016-2017); Advisory Board Member, Betterment for Business (robo advisor) (2016– 2017); Advisory Board Member, BlueStar Indexes (index creator) (2013–2017); Director, Emerging Markets Growth Fund (registered investment company) (1997-2016); Member, Russell Index Client Advisory Board (2001- 2015). |
Thomas P. Lemke (1954); Trustee, since 2014. |
Retired since 2013. |
168 |
(1) Independent Trustee of Advisors’ Inner Circle III fund platform, consisting of the following: (i) the Advisors’ Inner Circle Fund III, (ii) the Gallery Trust, (iii) the Schroder Series Trust, (iv) the Delaware Wilshire Private Markets Fund (since 2020), (v) Chiron Capital Allocation Fund Ltd., and (vi) formerly the Winton Diversified Opportunities Fund (2014-2018); and (2) Independent Trustee of the Symmetry Panoramic Trust (since 2018). |
Lawrence R. Maffia (1950); Trustee, since 2014. |
Retired; Director and President, ICI Mutual Insurance Company (2006-2013). |
168 |
Director, ICI Mutual Insurance Company (1999-2013). |
Name (Year of Birth; Term of Office, and Length of Time Served)(1) |
Principal Occupation(s) During Past 5 Years |
Number of Funds in Fund Complex Overseen by Trustee(1) |
Other Trusteeships/ Directorships Held During the Past 5 Years |
Mary E. Martinez (1960); Vice Chair since 2021; Trustee, since 2013. |
Associate, Special Properties, a Christie’s International Real Estate Affiliate (2010– present); Managing Director, Bank of America (asset management) (2007– 2008); Chief Operating Officer, U.S. Trust Asset Management, U.S. Trust Company (asset management) (2003–2007); President, Excelsior Funds (registered investment companies) (2004–2005). |
168 |
None. |
Marilyn McCoy (1948); Trustee, since 1999. |
Vice President of Administration and Planning, Northwestern University (1985– present). |
168 |
None. |
Dr. Robert A. Oden, Jr. (1946); Trustee, since 1997. |
Retired; President, Carleton College (2002–2010); President, Kenyon College (1995–2002). |
168 |
Trustee, The Coldwater Conservation Fund; Trustee, American Museum of Fly Fishing (2013–present); Trustee and Vice Chair, Trout Unlimited (2017-2021); Trustee, Dartmouth- Hitchcock Medical Center (2011–2020). |
Marian U. Pardo (1946); Trustee, since 2013. |
Managing Director and Founder, Virtual Capital Management LLC (investment consulting) (2007– present); Managing Director, Credit Suisse Asset Management (portfolio manager) (2003–2006). |
168 |
Board Chair and Member, Board of Governors, Columbus Citizens Foundation (not-for-profit supporting philanthropic and cultural programs) (2006–present). |
Name (Year of Birth; Term of Office, and Length of Time Served)(1) |
Principal Occupation(s) During Past 5 Years |
Number of Funds in Fund Complex Overseen by Trustee(1) |
Other Trusteeships/ Directorships Held During the Past 5 Years |
Emily A. Youssouf (1951); Trustee, since 2014. |
Adjunct Professor (2011-present) and Clinical Professor (2009-2011), NYU Schack Institute of Real Estate; Board Member and Member of the Audit Committee (2013-present), Chair of Finance Committee (2019-present), Member of Related Parties Committee (2013-2018) and Member of the Enterprise Risk Committee (2015- 2018), PennyMac Financial Services, Inc.; Board Member (2005-2018), Chair of Capital Committee (2006-2016), Chair of Audit Committee (2005-2018), Member of Finance Committee (2005-2018) and Chair of IT Committee (2016-2018), NYC Health and Hospitals Corporation; Trustee, NYC School Construction Authority (2009-present); Board Member, NYS Job Development Authority (2008-present); Trustee and Chair of the Audit Committee of the Transit Center Foundation (2015- 2019). |
168 |
None. |
Interested Trustees |
|
|
|
Robert F. Deutsch(3) (1957); Trustee, since 2014. |
Retired; Head of ETF Business for JPMorgan Asset Management (2013-2017); Head of Global Liquidity Business for JPMorgan Asset Management (2003-2013). |
168 |
Treasurer and Director of the JUST Capital Foundation (2017- present). |
Name (Year of Birth; Term of Office, and Length of Time Served)(1) |
Principal Occupation(s) During Past 5 Years |
Number of Funds in Fund Complex Overseen by Trustee(1) |
Other Trusteeships/ Directorships Held During the Past 5 Years |
Nina O. Shenker(3) (1957); Trustee, since 2022. |
Vice Chair (2017- 2021), General Counsel and Managing Director (2008-2016), Associate General Counsel and Managing Director (2004-2008), J.P. Morgan Asset & Wealth Management. |
168 |
Director and Member of Legal and Human Resources Subcommittees, American Jewish Joint Distribution Committee (2018-present). |
Name of Committee |
Members |
Committee Chair |
Audit and Valuation Committee |
Ms. Gallagher Mr. Finn Mr. French Mr. Kanner |
Ms. Gallagher |
Compliance Committee |
Ms. Pardo Mr. Fisher Ms. Hughes Mr. Lemke |
Ms. Pardo |
Governance Committee |
Mr. Finn Ms. Martinez Ms. McCoy Dr. Oden |
Mr. Finn |
ETF Committee |
Mr. Deutsch Mr. Finn Mr. Grassi Mr. Maffia Ms. Martinez Ms. Shenker Ms. Youssouf |
Mr. Deutsch |
Equity Committee |
Mr. Kanner Mr. French Mr. Maffia Ms. Pardo |
Mr. Kanner |
Fixed Income Committee |
Dr. Oden Mr. Grassi Ms. Hughes Ms. Martinez Ms. Shenker Ms. Youssouf |
Dr. Oden |
Money Market and Alternative Products Committee |
Mr. Fisher Mr. Deutsch Ms. Gallagher Mr. Lemke Ms. McCoy |
Mr. Fisher |
Name (Year of Birth), Positions Held with the Trust (Since) |
Principal Occupations During Past 5 Years |
Brian S. Shlissel (1964), President and Principal Executive Officer (2021)* |
Managing Director and Chief Administrative Officer for J.P. Morgan pooled vehicles, J.P. Morgan Investment Management Inc. since 2014. |
Name (Year of Birth), Positions Held with the Trust (Since) |
Principal Occupations During Past 5 Years |
Timothy J. Clemens (1975), Treasurer and Principal Financial Officer (2020) |
Executive Director, J.P. Morgan Investment Management Inc. since February 2016. Mr. Clemens has been with J.P. Morgan Investment Management Inc. since 2013. |
Gregory S. Samuels (1980), Secretary (2022)** (formerly Assistant Secretary 2014-2022) |
Managing Director and Assistant General Counsel, JPMorgan Chase. Mr. Samuels has been with JPMorgan Chase since 2010. |
Stephen M. Ungerman (1953), Chief Compliance Officer (2014) |
Managing Director, JPMorgan Chase & Co.; Mr. Ungerman has been with JPMorgan Chase & Co. since 2000. |
Kiesha Astwood-Smith (1973), Assistant Secretary (2021)** |
Vice President and Assistant General Counsel, JPMorgan Chase since June 2021; Senior Director and Counsel, Equitable Financial Life Insurance Company (formerly, AXA Equitable Life Insurance Company) from September 2015 through June 2021. |
Matthew Beck (1988), Assistant Secretary (2021)*** |
Vice President and Assistant General Counsel, JPMorgan Chase since May 2021; Senior Legal Counsel, Ultimus Fund Solutions from May 2018 through May 2021; General Counsel, The Nottingham Company from April 2014 through May 2018. |
Elizabeth A. Davin (1964), Assistant Secretary (2022)*** (formerly Secretary 2018-2022) |
Executive Director and Assistant General Counsel, JPMorgan Chase. Ms. Davin has been with JPMorgan Chase (formerly Bank One Corporation) since 2004. |
Jessica K. Ditullio (1962), Assistant Secretary (2014)*** |
Executive Director and Assistant General Counsel, JPMorgan Chase. Ms. Ditullio has been with JPMorgan Chase (formerly Bank One Corporation) since 1990. |
Anthony Geron (1971), Assistant Secretary (2019)** |
Vice President and Assistant General Counsel, JPMorgan Chase since September 2018; Lead Director and Counsel, AXA Equitable Life Insurance Company from 2015 to 2018 and Senior Director and Counsel, AXA Equitable Life Insurance Company from 2014 to 2015. |
Carmine Lekstutis (1980), Assistant Secretary (2014)** |
Executive Director and Assistant General Counsel, JPMorgan Chase. Mr. Lekstutis has been with JPMorgan Chase since 2011. |
Max Vogel (1990), Assistant Secretary (2021)** |
Vice President and Assistant General Counsel, JPMorgan Chase since June 2021; Associate, Proskauer Rose LLP (law firm) from March 2017 to June 2021; Associate, Stroock & Stroock & Lavan LLP (law firm) from October 2015 to March 2017. |
Zachary E. Vonnegut-Gabovitch (1986), Assistant Secretary (2017)** |
Vice President and Assistant General Counsel, JPMorgan Chase since September 2016; Associate, Morgan, Lewis & Bockius (law firm) from 2012 to 2016. |
Frederick J. Cavaliere (1978), Assistant Treasurer (2015)* |
Executive Director, J.P. Morgan Investment Management Inc. Mr. Cavaliere has been with JPMorgan since May 2006. |
Michael M. D’Ambrosio (1969), Assistant Treasurer (2014) |
Managing Director, J.P. Morgan Investment Management Inc. Mr. D’Ambrosio has been with J.P. Morgan Investment Management Inc. since 2012. |
Shannon Gaines (1977), Assistant Treasurer (2019)*** |
Vice President, J.P. Morgan Investment Management Inc. since January 2014. |
Nektarios E. Manolakakis (1972), Assistant Treasurer (2020) |
Executive Director, J.P. Morgan Investment Management Inc. since February 2021, formerly Vice President, J.P. Morgan Investment Management Inc. since 2014; Vice President, J.P. Morgan Corporate & Investment Bank 2010-2014. |
Todd McEwen (1981), Assistant Treasurer (2020)*** |
Vice President, J.P. Morgan Investment Management Inc. Mr. McEwen has been with J.P. Morgan Investment Management Inc. since 2010. |
Name (Year of Birth), Positions Held with the Trust (Since) |
Principal Occupations During Past 5 Years |
Paul Shield (1960), Vice President and Assistant Treasurer (2016) |
Managing Director and Head of Business Management for JPMorgan Asset Management’s Exchange Traded Fund platform since 2013. |
Tier One |
First $75 billion |
0.0025% |
Tier Two |
Next $25 billion |
0.0020% |
Tier Three |
Over $100 billion |
0.0015% |
|
|
|
Other Fees: |
|
|
Annual Base Fee (in addition to asset based fee) |
|
$20,000 per Fund |
Tier One |
Up to $50 billion |
0.0030% |
Tier Two |
Next $75 billion |
0.0025% |
Tier Three |
Over $125 billion |
0.0015% |
|
|
|
Other Fees: |
|
|
Minimum |
|
$22,500 per Fund per year |
7 | |
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74 |
A-1 |
A short-term obligation rated ‘A-1’ is rated in the highest category by S&P Global Ratings. The obligor’s capacity to meet its financial commitments on the obligation is strong. Within this category, certain obligations are designated with a plus sign (+). This indicates that the obligor’s capacity to meet its financial commitments on these obligations is extremely strong. |
A-2 |
A short-term obligation rated ‘A-2’ is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher rating categories. However, the obligor’s capacity to meet its financial commitments on the obligation is satisfactory. |
A-3 |
A short-term obligation rated ‘A-3’ exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to weaken an obligor’s capacity to meet its financial commitments on the obligation. |
B |
A short-term obligation rated ‘B' is regarded as vulnerable and has significant speculative characteristics. The obligor currently has the capacity to meet its financial commitments; however, it faces major ongoing uncertainties that could lead to the obligor's inadequate capacity to meet its financial commitments. |
C |
A short-term obligation rated ‘C’ is currently vulnerable to nonpayment and is dependent upon favorable business, financial, and economic conditions for the obligor to meet its financial commitments on the obligation. |
D |
A short-term obligation rated ‘D’ is in default or in breach of an imputed promise. For non-hybrid capital instruments, the ‘D’ rating category is used when payments on an obligation are not made on the date due, unless S&P Global Ratings believes that such payments will be made within any stated grace period. However, any stated grace period longer than five business days will be treated as five business days. The ‘D’ rating also will be used upon the filing of a bankruptcy petition or the taking of a similar action and where default on an obligation is a virtual certainty, for example due to automatic stay provisions. A rating on an obligation is lowered to ‘D’ if it is subject to a distressed debt restructuring. |
F1 |
HIGHEST SHORT-TERM CREDIT QUALITY. Indicates the strongest intrinsic capacity for timely payment of financial commitments; may have an added “+” to denote any exceptionally strong credit feature. |
F2 |
GOOD SHORT-TERM CREDIT QUALITY. Good intrinsic capacity for timely payment of financial commitments. |
F3 |
FAIR SHORT-TERM CREDIT QUALITY. The intrinsic capacity for timely payment of financial commitments is adequate. |
B |
SPECULATIVE SHORT-TERM CREDIT QUALITY. Minimal capacity for timely payment of financial commitments, plus heightened vulnerability to near term adverse changes in financial and economic conditions. |
C |
HIGH SHORT-TERM DEFAULT RISK. Default is a real possibility. |
RD |
RESTRICTED DEFAULT. Indicates an entity that has defaulted on one or more of its financial commitments, although it continues to meet other financial obligations. Typically applicable to entity ratings only. |
D |
DEFAULT. Indicates a broad-based default event for an entity, or the default of a short- term obligation. |
P-1 |
Ratings of Prime-1 reflect a superior ability to repay short-term debt obligations. |
P-2 |
Ratings of Prime-2 reflect a strong ability to repay short-term debt obligations. |
P-3 |
Ratings of Prime-3 reflect an acceptable ability to repay short-term obligations. |
NP |
Issuers (or supporting institutions) rated Not Prime do not fall within any of the Prime rating categories. |
R-1 (high) |
Highest credit quality. The capacity for the payment of short-term financial obligations as they fall due is exceptionally high. Unlikely to be adversely affected by future events. |
R-1 (middle) |
Superior credit quality. The capacity for the payment of short-term financial obligations as they fall due is very high. Differs from R-1 (high) by a relatively modest degree. Unlikely to be significantly vulnerable to future events. |
R-1 (low) |
Good credit quality. The capacity for the payment of short-term financial obligations as they fall due is substantial. Overall strength is not as favorable as higher rating categories. May be vulnerable to future events, but qualifying negative factors are considered manageable. |
R-2 (high) |
Upper end of adequate credit quality. The capacity for the payment of short-term financial obligations as they fall due is acceptable. May be vulnerable to future events. |
R-2 (middle) |
Adequate credit quality. The capacity for the payment of short-term financial obligations as they fall due is acceptable. May be vulnerable to future events or may be exposed to other factors that could reduce credit quality. |
R-2 (low) |
Lower end of adequate credit quality. The capacity for the payment of short-term financial obligations as they fall due is acceptable. May be vulnerable to future events. A number of challenges are present that could affect the issuer’s ability to meet such obligations. |
R-3 |
Lowest end of adequate credit quality. There is a capacity for the payment of short-term financial obligations as they fall due. May be vulnerable to future events and the certainty of meeting such obligations could be impacted by a variety of developments. |
R-4 |
Speculative credit quality. The capacity for the payment of short-term financial obligations as they fall due is uncertain. |
R-5 |
Highly speculative credit quality. There is a high level of uncertainty as to the capacity to meet short-term financial obligations as they fall due. |
D |
When the issuer has filed under any applicable bankruptcy, insolvency or winding up statute or there is a failure to satisfy an obligation after the exhaustion of grace periods, a downgrade to D may occur. DBRS Morningstar may also use SD (Selective Default) in cases where only some securities are impacted, such as the case of a “distressed exchange.” |
AAA |
An obligation rated ‘AAA’ has the highest rating assigned by S&P Global Ratings. The obligor’s capacity to meet its financial commitments on the obligation is extremely strong. |
AA |
An obligation rated ‘AA’ differs from the highest-rated obligations only to a small degree. The obligor’s capacity to meet its financial commitments on the obligation is very strong. |
A |
An obligation rated ‘A’ is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher-rated categories. However, the obligor’s capacity to meet its financial commitments on the obligation is still strong. |
BBB |
An obligation rated ‘BBB’ exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to weaken the obligor’s capacity to meet its financial commitments on the obligation. |
BB,B,CCC,CC and C |
Obligations rated ‘BB’, ‘B’, ‘CCC’, ‘CC’, and ‘C’ are regarded as having significant speculative characteristics. ‘BB’ indicates the least degree of speculation and ‘C’ the highest. While such obligations will likely have some quality and protective characteristics, these may be outweighed by large uncertainties or major exposure to adverse conditions. |
BB |
An obligation rated ‘BB’ is less vulnerable to nonpayment than other speculative issues. However, it faces major ongoing uncertainties or exposure to adverse business, financial, or economic conditions that could lead to the obligor’s inadequate capacity to meet its financial commitments on the obligation. |
B |
An obligation rated ‘B’ is more vulnerable to nonpayment than obligations rated ‘BB’, but the obligor currently has the capacity to meet its financial commitments on the obligation. Adverse business, financial, or economic conditions will likely impair the obligor’s capacity or willingness to meet its financial commitments on the obligation. |
CCC |
An obligation rated ‘CCC’ is currently vulnerable to nonpayment, and is dependent upon favorable business, financial, and economic conditions for the obligor to meet its financial commitments on the obligation. In the event of adverse business, financial, or economic conditions, the obligor is not likely to have the capacity to meet its financial commitments on the obligation. |
CC |
An obligation rated ‘CC’ is currently highly vulnerable to nonpayment. The ‘CC’ rating is used when a default has not yet occurred but S&P Global Ratings expects default to be a virtual certainty, regardless of the anticipated time to default. |
C |
An obligation rated ‘C’ is currently highly vulnerable to nonpayment, and the obligation is expected to have lower relative seniority or lower ultimate recovery compared with obligations that are rated higher. |
D |
An obligation rated ‘D’ is in default or in breach of an imputed promise. For non-hybrid capital instruments, the ‘D’ rating category is used when payments on an obligation are not made on the date due, unless S&P Global Ratings believes that such payments will be made within five business days in the absence of a stated grace period or within the earlier of the stated grace period or 30 calendar days. The ‘D’ rating also will be used upon the filing of a bankruptcy petition or the taking of similar action and where default on an obligation is a virtual certainty, for example due to automatic stay provisions. A rating on an obligation is lowered to ‘D’ if it is subject to a distressed debt restructuring. |
AAA |
HIGHEST CREDIT QUALITY. ‘AAA’ ratings denote the lowest expectation of default risk. They are assigned only in cases of exceptionally strong capacity for payment of financial commitments. This capacity is highly unlikely to be adversely affected by foreseeable events. |
AA |
VERY HIGH CREDIT QUALITY. ‘AA’ ratings denote expectations of very low default risk. They indicate very strong capacity for payment of financial commitments. This capacity is not significantly vulnerable to foreseeable events. |
A |
HIGH CREDIT QUALITY. ‘A’ ratings denote expectations of low default risk. The capacity for payment of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to adverse business or economic conditions than is the case for higher ratings. |
BBB |
GOOD CREDIT QUALITY. ‘BBB’ ratings indicate that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate, but adverse business or economic conditions are more likely to impair this capacity. |
BB |
SPECULATIVE. ‘BB’ ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse changes in business or economic conditions over time; however, business or financial flexibility exists that supports the servicing of financial commitments. |
B |
HIGHLY SPECULATIVE. ‘B’ ratings indicate that material default risk is present, but a limited margin of safety remains. Financial commitments are currently being met; however, capacity for continued payment is vulnerable to deterioration in the business and economic environment. |
CCC |
SUBSTANTIAL CREDIT RISK. Default is a real possibility. |
CC |
VERY HIGH LEVELS OF CREDIT RISK. Default of some kind appears probable. |
C |
NEAR DEFAULT. A default or default-like process has begun, or the issuer is in standstill, or for a closed funding vehicle, payment capacity is irrevocably impaired. Conditions that are indicative of a ‘C’ category rating for an issuer include: |
|
•the issuer has entered into a grace or cure period following non-payment of a material financial obligation; •the issuer has entered into a temporary negotiated waiver or standstill agreement following a payment default on a material financial obligation; •the formal announcement by the issuer or their agent of a distressed debt exchange; •a closed financing vehicle where payment capacity is irrevocably impaired such that it is not expected to pay interest and/or principal in full during the life of the transaction, but where no payment default is imminent. |
RD |
RESTRICTED DEFAULT. ‘RD’ ratings indicate an issuer that in Fitch’s opinion has experienced: |
|
•an uncured payment default or distressed debt exchange on a bond, loan or other material financial obligation, but •has not entered into bankruptcy filings, administration, receivership, liquidation or other formal winding-up procedure, and •has not otherwise ceased operating. This would include: •the selective payment default on a specific class or currency of debt; •the uncured expiry of any applicable grace period, cure period or default forbearance period following a payment default on a bank loan, capital markets security or other material financial obligation; •the extension of multiple waivers or forbearance periods upon a payment default on one or more material financial obligations, either in series or in parallel; ordinary execution of a distressed debt exchange on one or more material financial obligations. |
D |
DEFAULT. ‘D’ ratings indicate an issuer that in Fitch Ratings’ opinion has entered into bankruptcy filings, administration, receivership, liquidation or other formal winding-up procedure or that has otherwise ceased business. |
Aaa |
Obligations rated Aaa are judged to be of the highest quality, subject to the lowest level of credit risk. |
Aa |
Obligations rated Aa are judged to be of high quality and are subject to very low credit risk. |
A |
Obligations rated A are judged to be upper-medium grade and are subject to low credit risk. |
Baa |
Obligations rated Baa are judged to be medium-grade and subject to moderate credit risk and as such may possess certain speculative characteristics. |
Ba |
Obligations rated Ba are judged to be speculative and are subject to substantial credit risk. |
B |
Obligations rated B are considered speculative and are subject to high credit risk. |
Caa |
Obligations rated Caa are judged to be speculative of poor standing and are subject to very high credit risk. |
Ca |
Obligations rated Ca are highly speculative and are likely in, or very near, default, with some prospect of recovery of principal and interest. |
C |
Obligations rated C are the lowest rated and are typically in default, with little prospect for recovery of principal or interest. |
AAA |
Highest credit quality. The capacity for the payment of financial obligations is exceptionally high and unlikely to be adversely affected by future events. |
AA |
Superior credit quality. The capacity for the payment of financial obligations is considered high. Credit quality differs from AAA only to a small degree. Unlikely to be significantly vulnerable to future events. |
A |
Good credit quality. The capacity for the payment of financial obligations is substantial, but of lesser credit quality than AA. May be vulnerable to future events, but qualifying negative factors are considered manageable. |
BBB |
Adequate credit quality. The capacity for the payment of financial obligations is considered acceptable. May be vulnerable to future events. |
BB |
Speculative, non-investment grade credit quality. The capacity for the payment of financial obligations is uncertain. Vulnerable to future events. |
B |
Highly speculative credit quality. There is a high level of uncertainty as to the capacity to meet financial obligations. |
CCC/CC/C |
Very highly speculative credit quality. In danger of defaulting on financial obligations. There is little difference between these three categories, although CC and C ratings are normally applied to obligations that are seen as highly likely to default, or subordinated to obligations rated in the CCC to B range. Obligations in respect of which default has not technically taken place but is considered inevitable may be rated in the C category. |
D |
When the issuer has filed under any applicable bankruptcy, insolvency or winding up statute or there is a failure to satisfy an obligation after the exhaustion of grace periods, a downgrade to D may occur. DBRS Morningstar may also use SD (Selective Default) in cases where only some securities are impacted, such as the case of a “distressed exchange.” |
AAA |
An insurer rated ‘AAA’ has extremely strong financial security characteristics. ‘AAA’ is the highest insurer financial strength rating assigned by S&P Global Ratings. |
AA |
An insurer rated ‘AA’ has very strong financial security characteristics, differing only slightly from those rated higher. |
A |
An insurer rated ‘A’ has strong financial security characteristics, but is somewhat more likely to be affected by adverse business conditions than are insurers with higher ratings. |
BBB |
An insurer rated ‘BBB’ has good financial security characteristics, but is more likely to be affected by adverse business conditions than are higher-rated insurers. |
BB, B, CCC, and CC |
An insurer rated ‘BB’ or lower is regarded as having vulnerable characteristics that may outweigh its strengths, ‘BB’ indicates the least degree of vulnerability within the range and ‘CC’ the highest. |
BB |
An insurer rated ‘BB’ has marginal financial security characteristics. Positive attributes exist, but adverse business conditions could lead to insufficient ability to meet financial commitments. |
B |
An insurer rated ‘B’ has weak financial security characteristics. Adverse business conditions will likely impair its ability to meet financial commitments. |
CCC |
An insurer rated ‘CCC’ has very weak financial security characteristics, and is dependent on favorable business conditions to meet financial commitments. |
CC |
An insurer rated ‘CC’ has extremely weak financial security characteristics and is likely not to meet some of its financial commitments. |
SD and D |
An insurer rated ‘SD’ (selective default) or ‘D’ is in default on one or more of its insurance policy obligations. The ‘D’ rating also will be used upon the filing of a bankruptcy petition or the taking of similar action if payments on a policy obligation are at risk. A ‘D’ rating is assigned when S&P Global Ratings believes that the default will be a general default and that the obligor will fail to pay substantially all of its obligations in full in accordance with the policy terms. An ‘SD’ rating is assigned when S&P Global Ratings believes that the insurer has selectively defaulted on a specific class of policies but it will continue to meet its payment obligations on other classes of obligations. An ‘SD’ includes the completion of a distressed debt restructuring. Claim denials due to lack of coverage or other legally permitted defenses are not considered defaults. |
AAA |
EXCEPTIONALLY STRONG. ‘AAA’ IFS Ratings denote the lowest expectation of ceased or interrupted payments. They are assigned only in the case of exceptionally strong capacity to meet policyholder and contract obligations. This capacity is highly unlikely to be adversely affected by foreseeable events. |
AA |
VERY STRONG. ‘AA’ IFS Ratings denote a very low expectation of ceased or interrupted payments. They indicate very strong capacity to meet policyholder and contract obligations. This capacity is not significantly vulnerable to foreseeable events. |
A |
STRONG. ‘A’ IFS Ratings denote a low expectation of ceased or interrupted payments. They indicate strong capacity to meet policyholder and contract obligations. This capacity may, nonetheless, be more vulnerable to changes in circumstances or in economic conditions than is the case for higher ratings. |
BBB |
GOOD. ‘BBB’ IFS Ratings indicate that there is currently a low expectation of ceased or interrupted payments. The capacity to meet policyholder and contract obligations on a timely basis is considered adequate, but adverse changes in circumstances and economic conditions are more likely to impact this capacity. |
BB |
MODERATELY WEAK. ‘BB’ IFS Ratings indicate that there is an elevated vulnerability to ceased or interrupted payments, particularly as the result of adverse economic or market changes over time. However, business or financial alternatives may be available to allow for policyholder and contract obligations to be met in a timely manner. |
B |
WEAK. ‘B’ IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, there is significant risk that ceased or interrupted payments could occur in the future, but a limited margin of safety remains. Capacity for continued timely payments is contingent upon a sustained, favorable business and economic environment, and favorable market conditions. Alternatively, a ‘B’ IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, but with the potential for extremely high recoveries. Such obligations would possess a recovery assessment of ‘RR1’ (Outstanding). |
CCC |
VERY WEAK. ‘CCC’ IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, there is a real possibility that ceased or interrupted payments could occur in the future. Capacity for continued timely payments is solely reliant upon a sustained, favorable business and economic environment, and favorable market conditions. Alternatively, a ‘CCC’ IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, and with the potential for average to superior recoveries. Such obligations would possess a recovery assessment of ‘RR2’ (Superior), ‘RR3’ (Good), and ‘RR4’ (Average). |
CC |
EXTREMELY WEAK. ‘CC’ IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, it is probable that ceased or interrupted payments will occur in the future. Alternatively, a ‘CC’ IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, with the potential for average to below-average recoveries. Such obligations would possess a recovery assessment of ‘RR4’ (Average) or ‘RR5’ (Below Average). |
C |
DISTRESSED. ‘C’ IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, ceased or interrupted payments are imminent. Alternatively, a ‘C’ IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, and with the potential for below average to poor recoveries. Such obligations would possess a recovery assessment of ‘RR5’ (Below Average) or ‘RR6’ (Poor). |
F1 |
Insurers are viewed as having a strong capacity to meet their near-term obligations. When an insurer rated in this rating category is designated with a (+) sign, it is viewed as having a very strong capacity to meet near-term obligations. |
F2 |
Insurers are viewed as having a good capacity to meet their near-term obligations. |
F3 |
Insurers are viewed as having an adequate capacity to meet their near-term obligations. |
B |
Insurers are viewed as having a weak capacity to meet their near-term obligations. |
C |
Insurers are viewed as having a very weak capacity to meet their near-term obligations. |
RR1 |
OUTSTANDING RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR1’ rated securities have characteristics consistent with securities historically recovering 91%–100% of current principal and related interest. |
RR2 |
SUPERIOR RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR2’ rated securities have characteristics consistent with securities historically recovering 71%–90% of current principal and related interest. |
RR3 |
GOOD RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR3’ rated securities have characteristics consistent with securities historically recovering 51%–70% of current principal and related interest. |
RR4 |
AVERAGE RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR4’ rated securities have characteristics consistent with securities historically recovering 31%–50% of current principal and related interest. |
RR5 |
BELOW AVERAGE RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR5’ rated securities have characteristics consistent with securities historically recovering 11%– 30% of current principal and related interest. |
RR6 |
POOR RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR6’ rated securities have characteristics consistent with securities historically recovering 0%–10% of current principal and related interest. |
Aaa |
Insurance companies rated Aaa are judged to be of the highest quality, subject to the lowest level of credit risk. |
Aa |
Insurance companies rated Aa are judged to be of high quality and are subject to very low credit risk. |
A |
Insurance companies rated A are judged to be upper-medium grade and are subject to low credit risk. |
Baa |
Insurance companies rated Baa are judged to be medium-grade and subject to moderate credit risk and as such may possess certain speculative characteristics. |
Ba |
Insurance companies rated Ba are judged to be speculative and are subject to substantial credit risk. |
B |
Insurance companies rated B are considered speculative and are subject to high credit risk. |
Caa |
Insurance companies rated Caa are judged to be speculative of poor standing and are subject to very high credit risk. |
Ca |
Insurance companies rated Ca are highly speculative and are likely in, or very near, default, with some prospect of recovery of principal and interest. |
C |
Insurance companies rated C are the lowest rated and are typically in default, with little prospect for recovery of principal or interest. |
P-1 |
Ratings of Prime-1 reflect a superior ability to repay short-term debt obligations. |
P-2 |
Ratings of Prime-2 reflect a strong ability to repay short-term debt obligations. |
P-3 |
Ratings of Prime-3 reflect an acceptable ability to repay short-term obligations. |
P-4 |
Issuers (or supporting institutions) rated Not Prime do not fall within any of the Prime rating categories. |
SP-1 |
Strong capacity to pay principal and interest. An issue determined to possess a very strong capacity to pay debt service is given a plus (+) designation. |
SP-2 |
Satisfactory capacity to pay principal and interest, with some vulnerability to adverse financial and economic changes over the term of the notes. |
SP-3 |
Speculative capacity to pay principal and interest. |
D |
‘D’ is assigned upon failure to pay the note when due, completion of a distressed debt restructuring, or the filing of a bankruptcy petition or the taking of similar action and where default on an obligation is a virtual certainty, for example, due to automatic stay provisions. |
MIG 1 |
This designation denotes superior credit quality. Excellent protection is afforded by established cash flows, highly reliable liquidity support or demonstrated broad-based access to the market for refinancing. |
MIG 2 |
This designation denotes strong credit quality. Margins of protection are ample, although not as large as in the preceding group. |
MIG 3 |
This designation denotes acceptable credit quality. Liquidity and cash-flow protection may be narrow, and market access for refinancing is likely to be less well-established. |
SG |
This designation denotes speculative-grade credit quality. Debt instruments in this category may lack sufficient margins of protection. |
VMIG 1 |
This designation denotes superior credit quality. Excellent protection is afforded by the superior short-term credit strength of the liquidity provider and structural and legal protections that ensure the timely payment of purchase price upon demand. |
VMIG 2 |
This designation denotes strong credit quality. Good protection is afforded by the strong short-term credit strength of the liquidity provider and structural and legal protections that ensure the timely payment of purchase price upon demand. |
VMIG 3 |
This designation denotes acceptable credit quality. Adequate protection is afforded by the satisfactory short-term credit strength of the liquidity provider and structural and legal protections that ensure the timely payment of purchase price upon demand. |
SG |
This designation denotes speculative-grade credit quality. Demand features rated in this category may be supported by a liquidity provider that does not have a sufficiently strong short-term rating or may lack the structural or legal protections necessary to ensure the timely payment of purchase price upon demand. |
Pfd-1 |
Preferred shares rated Pfd-1 are generally of superior credit quality, and are supported by entities with strong earnings and balance sheet characteristics. Pfd-1 ratings generally correspond with issuers with a AAA or AA category reference point1. |
Pfd-2 |
Preferred shares rated Pfd-2 are generally of good credit quality. Protection of dividends and principal is still substantial, but earnings, the balance sheet and coverage ratios are not as strong as Pfd-1 rated companies. Generally, Pfd-2 ratings correspond with issuers with an A category or higher reference point. |
Pfd-3 |
Preferred shares rated Pfd-3 are generally of adequate credit quality. While protection of dividends and principal is still considered acceptable, the issuing entity is more susceptible to adverse changes in financial and economic conditions, and there may be other adverse conditions present which detract from debt protection. Pfd-3 ratings generally correspond with issuers with a BBB category or higher reference point. |
Pfd-4 |
Preferred shares rated Pfd-4 are generally speculative, where the degree of protection afforded to dividends and principal is uncertain, particularly during periods of economic adversity. Issuers with preferred shares rated Pfd-4 generally correspond with issuers with a BB category or higher reference point. |
Pfd-5 |
Preferred shares rated Pfd-5 are generally highly speculative and the ability of the entity to maintain timely dividend and principal payments in the future is highly uncertain. Entities with a Pfd-5 rating generally correspond with issuers with a B category or higher reference point. Preferred shares rated Pfd-5 often have characteristics that, if not remedied, may lead to default. |
D |
When the issuer has filed under any applicable bankruptcy, insolvency or winding up or the issuer is in default per the legal documents, a downgrade to D may occur. Because preferred share dividends are only payable when approved, the non-payment of a preferred share dividend does not necessarily result in a D. DBRS Morningstar may also use SD (Selective Default) in cases where only some securities are impacted, such as the case of a “distressed exchange”. See the Default Definition document posted on the website for more information. |
(a)(1) |
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(a)(2) |
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(a)(3) |
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(b) |
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(c) |
Instruments Defining Rights of Security Holders. Incorporated by reference to Exhibits (a) and (b). |
(d)(1) |
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(d)(2) |
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(d)(3) |
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(d)(4) |
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(d)(5) |
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(d)(6) |
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(d)(7) |
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(e)(1) |
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(e)(2) |
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(f) |
Not applicable. |
(g)(1)(a) |
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(g)(1)(b) |
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(g)(1)(c) |
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(g)(1)(d) |
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(g)(1)(e) |
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(g)(2)(a) |
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(g)(2)(b) |
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(h)(1)(a) |
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(h)(1)(b) |
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(h)(1)(c) |
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(h)(2)(a) |
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(h)(2)(b) |
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(h)(2)(c) |
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(h)(3)(a) |
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(h)(3)(b) |
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(h)(3)(c) |
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(h)(3)(d) |
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(h)(4)(a) |
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(h)(4)(b) |
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(h)(5) |
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(h)(6) |
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(i) |
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(j) |
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(k) |
Not applicable. |
(l) |
Not applicable. |
(m) |
Not applicable. |
(n) |
Not applicable. |
(o) |
Reserved. |
(p)(1) |
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(p)(2) |
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(p)(3) |
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(99)(a) |
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(99)(b) |
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(99)(c) |
EX-101.INS |
XBRL Instance Document - the instance document does not appear on the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
EX-101.SCH |
XBRL Taxonomy Extension Schema Document. |
EX-101.CAL |
XBRL Taxonomy Extension Calculation Linkbase Document. |
EX-101.DEF |
XBRL Taxonomy Extension Definition Linkbase Document. |
EX-101.LAB |
XBRL Taxonomy Extension Labels Linkbase Document. |
EX-101.PRE |
XBRL Taxonomy Extension Presentation Linkbase Document. |
Name with Registrant |
Positions and Office with JPMorgan Distribution Services, Inc. |
Positions and Offices with the Funds |
Wendy Barta |
Director, Executive Director & President |
None |
Andrea Lisher |
Director & Managing Director |
None |
Joseph F. Sanzone |
Director & Managing Director |
None |
Omar F. Altahawi |
Managing Director & Treasurer |
None |
Gary C. Krivo |
Managing Director & Chief Risk Officer |
None |
Michael R. Machulski |
Director & Managing Director |
None |
Brian S. Shlissel |
Managing Director |
President & Principal Executive Officer |
James A. Hoffman |
Executive Director |
None |
Carmine Lekstutis |
Executive Director & Chief Legal Officer |
Assistant Secretary |
Jessica K. Ditullio |
Executive Director & Assistant Secretary |
Assistant Secretary |
Kevin Kloza |
Executive Director and Chief Compliance Officer |
None |
Andrea Lang |
Vice President & Anti-Money Laundering Compliance Officer |
None |
Frank J. Drozek |
Executive Director & Assistant Treasurer |
None |
Christopher J. Mohr |
Executive Director & Assistant Treasurer |
None |
Joanna Corey |
Executive Director & Assistant Secretary |
None |
Marcela Castro |
Executive Director & Assistant Secretary |
None |
Afiya M. Jordan |
Vice President & Secretary |
None |
Amee Kantesaria |
Vice President & Assistant Secretary |
None |
Amy Hsu |
Vice President & Assistant Secretary |
None |
Andris Alexander |
Vice President & Assistant Secretary |
None |
Theodore Weisman |
Vice President & Assistant Secretary |
None |
J.P. Morgan Exchange-Traded Fund Trust | |
By: |
Brian S. Shlissel* |
|
Name: Brian S. Shlissel |
|
Title: President and Principal Executive Officer |
John F. Finn* |
John F. Finn |
Trustee |
Stephen P. Fisher* |
Stephen P. Fisher |
Trustee |
Gary L. French* |
Gary L. French |
Trustee |
Kathleen M. Gallagher* |
Kathleen M. Gallagher |
Trustee |
Robert J. Grassi* |
Robert J. Grassi |
Trustee |
Frankie D. Hughes* |
Frankie D. Hughes |
Trustee |
Raymond Kanner* |
Raymond Kanner |
Trustee |
Thomas P. Lemke* |
Thomas P. Lemke |
Trustee |
Timothy J. Clemens* |
Timothy J. Clemens |
Treasurer and Principal Financial Officer |
*By |
/s/ Elizabeth A. Davin |
|
Elizabeth A. Davin |
|
Attorney-In-Fact |
Lawrence R. Maffia* |
Lawrence R. Maffia |
Trustee |
Mary E. Martinez* |
Mary E. Martinez |
Trustee |
Marilyn McCoy* |
Marilyn McCoy |
Trustee |
Robert A. Oden, Jr.* |
Robert A. Oden, Jr. |
Trustee |
Marian U. Pardo* |
Marian U. Pardo |
Trustee |
Emily A. Youssouf* |
Emily A. Youssouf |
Trustee |
Robert F. Deutsch* |
Robert F. Deutsch |
Trustee |
Nina O. Shenker* |
Nina O. Shenker |
Trustee |
Brian S. Shlissel* |
Brian S. Shlissel |
President and Principal Executive Officer |
Exhibit No. |
Description |
(i) |
Opinion and consent of counsel. |
(j) |
Consent of independent registered accounting firm. |
EX-101.INS |
XBRL Instance Document - the instance document does not appear on the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
EX-101.SCH |
XBRL Taxonomy Extension Schema Document. |
EX-101.CAL |
XBRL Taxonomy Extension Calculation Linkbase Document. |
EX-101.DEF |
XBRL Taxonomy Extension Definition Linkbase Document. |
EX-101.LAB |
XBRL Taxonomy Extension Labels Linkbase Document. |
EX-101.PRE |
XBRL Taxonomy Extension Presentation Linkbase Document. |