|
Ticker |
Listing
Exchange |
JPMorgan
Active Value ETF |
JAVA |
NYSE
Arca |
JPMorgan
ActiveBuilders U.S. Large Cap Equity ETF |
JUSA |
NYSE
Arca |
JPMorgan
Equity Premium Income ETF |
JEPI |
NYSE
Arca |
JPMorgan
Nasdaq Equity Premium Income ETF |
JEPQ |
The Nasdaq
Stock Market®
LLC |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Scott
Blasdell |
2021 |
Managing
Director |
Clare
Hart |
2021 |
Managing
Director |
Andrew
Brandon |
2021 |
Managing
Director |
David
Silberman |
2021 |
Managing
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Davis
Jiang |
2021 |
Executive
Director |
Timothy
Snyder |
2021 |
Executive
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
Past |
Life of
Fund
since |
|
1
Year |
|
SHARES |
|
|
Return Before
Taxes |
|
|
Return After
Taxes on Distributions |
|
|
Return After
Taxes on Distributions and Sale
of Fund
Shares |
|
|
S&P
500 INDEX
(Reflects No
Deduction for Fees, Expenses, or
Taxes) |
|
|
ICE
BOFAML 3-MONTH US TREASURY BILL
INDEX
(Reflects No
Deduction for Fees, Expenses, or
Taxes) |
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Hamilton
Reiner |
2020 |
Managing
Director |
Raffaele
Zingone |
2020 |
Managing
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||
|
1
Year |
3
Years |
SHARES
($) |
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Hamilton
Reiner |
2022 |
Managing
Director |
Eric
Moreau |
2022 |
Executive
Director |
Andrew
Stern |
2022 |
Executive
Director |
NON-FUNDAMENTAL
INVESTMENT OBJECTIVES |
An
investment objective is fundamental if it cannot be changed without the
consent of a majority of the outstanding Shares of each
Fund. Each
Fund’s investment objective is not fundamental and may be changed without
the consent of a majority of the outstanding
Shares of
the Fund. |
|
Active Value
ETF |
ActiveBuilders
U.S. Large Cap Equity ETF |
Equity
Premium Income ETF |
Nasdaq
Equity Premium Income ETF |
Authorized
Participant Concentration Risk |
• |
• |
• |
• |
Communication
Services Sector Risk |
|
• |
|
|
Consumer
Discretionary Risk |
|
• |
|
|
Convertible
Securities Risk |
○ |
○ |
○ |
○ |
Covered Call
Strategy Risk |
|
|
• |
• |
Cyber
Security Risk |
○ |
○ |
○ |
○ |
Depositary
Receipts Risk |
• |
○ |
|
|
Derivatives
Risk |
• |
○ |
○ |
○ |
Equity-Linked
Notes (ELNs) Risk |
|
|
• |
• |
Equity
Market Risk |
• |
• |
• |
• |
Exchange-Traded
Fund (ETF) and Other Investment Company Risk |
○ |
○ |
○ |
○
|
|
Active Value
ETF |
ActiveBuilders
U.S. Large Cap Equity ETF |
Equity
Premium Income ETF |
Nasdaq
Equity Premium Income ETF |
Financials
Sector Risk |
|
• |
|
|
Foreign
Securities Risk |
• |
○ |
|
|
General
Market Risk |
• |
• |
• |
• |
Health Care
Sector Risk |
|
• |
|
|
High
Portfolio Turnover Risk |
• |
|
• |
• |
Industry and
Sector Focus Risk |
• |
• |
• |
• |
Industry
Concentration Risk |
|
|
|
• |
Information
Technology Sector Risk |
|
• |
|
|
Initial
Public Offering (IPO) Risk |
○ |
○ |
○ |
○ |
Large Cap
Company Risk |
• |
• |
• |
• |
Market
Trading Risk |
• |
• |
• |
• |
Master
Limited Partnerships (MLPs) Risk |
○ |
|
○ |
○ |
New Fund
Risk |
○ |
○ |
○ |
○ |
Non-Diversified
Fund Risk |
|
|
|
• |
Preferred
Stock Risk |
○ |
|
○ |
○ |
Prepayment
Risk |
○ |
|
|
|
Real Estate
Securities Risk |
• |
|
|
|
Securities
Lending Risk |
○ |
○ |
○ |
○ |
Smaller
Company Risk |
• |
• |
• |
• |
Strategy
Risk for Equity Premium Income ETF and Nasdaq Equity Premium Income
ETF |
|
|
• |
• |
Technology
Exposure Risk |
|
|
|
• |
Transactions
and Liquidity Risk |
• |
○ |
○ |
○ |
Value
Investing Risk |
• |
|
|
|
Volcker Rule
Risk |
○ |
○ |
○ |
○ |
WHAT
IS A DERIVATIVE? |
Derivatives
are securities or contracts (for example, futures and options) that derive
their value from the performance of underlying
assets or
securities. |
WHAT
IS A CASH EQUIVALENT? |
Cash
equivalents are highly liquid, high-quality instruments with maturities of
three months or less on the date they are purchased.
They
include securities issued by the U.S. government, its agencies and
instrumentalities, repurchase agreements, certificates of
deposit,
bankers’ acceptances, commercial paper, variable rate master demand
notes, money market mutual funds, and bank
deposit
accounts. |
JPMorgan
Active Value ETF |
0.44% |
JPMorgan
ActiveBuilders U.S. Large Cap Equity ETF |
0.17 |
JPMorgan
Equity Premium Income ETF |
0.35 |
JPMorgan
Nasdaq Equity Premium Income ETF |
0.35 |
|
|
Per share
operating performance | |||||
|
|
Investment
operations |
Distributions | ||||
|
Net asset
value,
beginning
of period |
Net investment
income
(loss)
(b) |
Net realized
and unrealized
gains
(losses)
on
investments |
Total from
investment
operations |
Net
investment
income |
Net realized
gain |
Total
distributions |
JPMorgan
ActiveBuilders U.S. Large Cap
Equity
ETF |
|
|
|
|
|
|
|
July
7, 2021 (f) through June 30, 2022 |
$49.00 |
$0.61 |
$(6.28) |
$(5.67) |
$(0.28) |
$— |
$(0.28) |
JPMorgan
Active Value ETF |
|
|
|
|
|
|
|
October
4, 2021 (f) through June 30, 2022 |
49.50 |
0.63 |
(1.78) |
(1.15) |
(0.47) |
(0.07) |
(0.54) |
JPMorgan
Equity Premium Income ETF |
|
|
|
|
|
|
|
Year
Ended June 30, 2022 |
60.50 |
6.11 |
(6.20) |
(0.09) |
(4.96) |
— |
(4.96) |
Year
Ended June 30, 2021 |
50.76 |
5.17 |
9.42 |
14.59 |
(4.85) |
— |
(4.85) |
May
20, 2020 (f) through June 30, 2020 |
50.00 |
0.63 |
0.13(i) |
0.76 |
— |
— |
— |
JPMorgan
Nasdaq Equity Premium
Income
ETF |
|
|
|
|
|
|
|
May 3,
2022 (f) through June 30, 2022 |
50.00 |
1.11 |
(5.27) |
(4.16) |
(0.38) |
— |
(0.38) |
|
|
Ratios/Supplemental
data | ||||||
|
|
|
|
|
Ratios to
average net assets (a) |
| ||
Net asset
value,
end of
period |
Market
price,
end of
period |
Total
return
(c)(d) |
Market
price
total
return
(c)(e) |
Net assets,
end of
period |
Net
expenses |
Net
investment
income
(loss) |
Portfolio
turnover
rate
(c) | |
|
|
|
|
|
|
|
| |
$43.05 |
$42.96 |
(11.67)% |
(11.85)(g)% |
$23,679,162 |
0.17(h)% |
1.25(h)% |
40% | |
|
|
|
|
|
|
|
| |
47.81 |
47.71 |
(2.37) |
(2.57)(g) |
44,225,127 |
0.44 |
1.64 |
56 | |
|
|
|
|
|
|
|
| |
55.45 |
55.45 |
(0.49) |
(0.62) |
10,206,410,953 |
0.35 |
10.23 |
195 | |
60.50 |
60.57 |
30.22 |
29.90 |
1,916,419,087 |
0.35 |
8.89 |
195 | |
50.76 |
50.94 |
1.52 |
1.88(g) |
27,916,586 |
0.35 |
11.11 |
13 | |
|
|
|
|
|
|
|
| |
45.46 |
45.76 |
(8.37) |
(7.77)(g) |
101,155,729 |
0.35 |
14.59 |
12 |