|
Ticker |
Listing
Exchange |
JPMorgan
Climate Change Solutions ETF |
TEMP |
NYSE
Arca |
JPMorgan
Social Advancement ETF |
UPWD |
The Nasdaq
Stock Market®
LLC |
JPMorgan
Sustainable Consumption ETF |
CIRC |
The Nasdaq
Stock Market®
LLC |
JPMorgan
Sustainable Infrastructure ETF |
BLLD |
The Nasdaq
Stock Market®
LLC |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
Past |
Life of
Fund
since |
|
1
Year |
|
SHARES |
|
|
Return Before
Taxes |
- |
- |
Return After
Taxes on Distributions |
- |
- |
Return After
Taxes on Distributions and Sale
of Fund
Shares |
- |
- |
MSCI
ACWI INDEX
(Net Total
Return)
(Reflects No
Deduction for Fees, Expenses, or
Taxes, Except
Foreign Withholding Taxes) |
- |
- |
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Yazann
Romahi |
2021 |
Managing
Director |
Francesco
Conte |
2021 |
Managing
Director |
Sara
Bellenda |
2021 |
Executive
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||
|
1
Year |
3
Years |
SHARES
($) |
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Rajesh
Tanna |
2022 |
Managing
Director |
Jennifer
Rabowsky |
2022 |
Vice
President |
Bilquis
Ahmed |
2022 |
Executive
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||
|
1
Year |
3
Years |
SHARES
($) |
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Sandeep
Bhargava |
2022 |
Managing
Director |
Aijaz
Hussain |
2022 |
Vice
President |
Polina
Diyachkina |
2022 |
Executive
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||
|
1
Year |
3
Years |
SHARES
($) |
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Sara
Bellenda |
2022 |
Executive
Director |
Wei (Victor)
Li |
2022 |
Executive
Director |
Fred
Barasi |
2022 |
Managing
Director |
Description
of Sub-Theme |
Examples
of Products and Services |
Sustainable
Transportation – Companies
that the adviser
believes are
investing in sustainable forms of transportation
across
automobiles, trains and planes. |
Companies
that the adviser believes are developing electric
vehicles
and/or electric vehicle infrastructure, including
electric
vehicle charging stations, electric vehicle
components
and software, electric vehicle batteries, and
hydrogen
related to transport providers. |
Sustainable
Construction – Companies
that the adviser
believes are
developing less carbon-intense forms of
construction,
including energy efficiency of buildings and
cement and
steel construction. |
Companies
that the adviser believes are producing or
providing
air-conditioning and heating products/systems, LED
lighting,
insulation products and solutions, building
management
systems and software, efficient electrical and
home
appliances, design and consulting services linked to
sustainable
development of buildings, green steel, timber
and cement.
Companies that the adviser believes are
focusing on
companies pursuing new methods of
construction
and/or seeking to enable energy efficiency in
buildings.
|
Description
of Sub-Theme |
Examples
of Products and Services |
Sustainable
Food and Water – Companies
that the adviser
believes are
investing in less carbon-intense forms of
agriculture,
sustainable food, or clean water. |
Companies
that the adviser believes are developing,
providing,
and/or promoting sustainable agricultural
practices,
efficient food processes, food testing and safety
services,
animal health and nutrition solutions, alternative
farming
solutions, and reforestation. Companies that the
adviser
believes are focused on sustainable agriculture
processes
such as precision agriculture technology.
Companies
that the adviser believes are developing food
alternative
solutions (e.g. meat/dairy alternatives), protein
substitutes,
and sustainable packaging (e.g. bioplastics).
Companies
that the adviser believes are developing and/or
providing
water recycling equipment and services, liquid and
water
filtration and purification solutions, water
treatment/usage
solutions and service providers, and water
utilities. |
Renewable
Energy and Electrification – Companies
that the
adviser
believes are developing less carbon intensive energy
such as
wind, solar, or hydro across the full production chain
or that are
advancing energy efficiency or enhancing
electrification. |
Companies
that the adviser believes are generating
renewable
energy such as wind, solar, and hydro power
generation.
Companies that the adviser believes are
providing
the equipment for the production of renewable
energy, such
as wind turbine and solar equipment suppliers.
Companies
that the adviser believes are enabling the
electrification
of the economy, including those that provide
equipment
and/or software used in power management,
inverters
and other hardware needed in the electrification
process,
batteries for energy storage, photovoltaic and solar
cells, and
cable and other items used electricity networks or
for
electricity transmission and distribution. Companies that
the adviser
believes are focused on the generation of
renewable
materials, including hydrogen generators and
copper,
zinc, wood, and timber producers. |
Recycling
and Re-Use – Companies
that the adviser believes
are
developing technologies to reduce waste, including
equipment
and materials recycling. |
Companies
providing enabling technologies and solutions
such as
waste collection and recycling, metal recycling,
battery
recycling, plastic and paper recycling, reverse-
vending, and
engineering and construction solutions for
waste and
environmental. Companies that use recycled or
reusable
inputs to create goods. Companies that the adviser
believes are
developing carbon capture
solutions. |
Description
of Sub-Theme |
Examples
of Products and Services |
Essential
Amenities – Companies
that the adviser believes
are
providing products or solutions for basic human needs
such as
food, sanitation, utility services and baby care
products. |
Essential
amenities related to food include companies that
the adviser
believes are providing access to basic food items
at low cost
(e.g., convenience store operators) and companies
endeavoring
to increase the consumption of nutritious food
(e.g.,
vitamin manufacturers). Companies related to
sanitation
include companies that the adviser believes are
providing
access to basic sanitation and personal care
products to
underserved populations or innovating to provide
better
quality products. Companies related to utility services
include
companies that the adviser believes are providing
access to
basic utilities, including water and electricity or
focusing on
pest control and management, waste
management,
and general sanitation. Essential amenities
related to
baby care include companies that the adviser
believes are
providing affordable baby care products or
innovating
to provide products that help with child
development. |
Affordable
Housing and Infrastructure – Companies
that the
adviser
believes are investing in housing or infrastructure for
all
socioeconomic levels. |
Companies
that the adviser believes promote affordable
housing
(e.g., develop or manage single-family and multi-
family
rental homes, or retirement communities, or modular
homes or
factory-built housing or manufacture construction
materials or
inputs into affordable housing, such as housing
insulation
or other component goods). Companies that the
adviser
believes enhance public infrastructure (e.g., civil
engineering,
or support or management of road and rail
infrastructure). |
Healthcare
and Wellbeing – Companies
that the adviser
believes are
investing in and providing solutions for physical
and mental
health and wellness. |
Companies
that the adviser believes are providing hospital
services and
managed care, and companies providing
healthcare
solutions, including pharmaceuticals related to
obesity,
diabetes, cancer, and respiratory illness.
Telemedicine
and e-health companies that the adviser
believes are
providing accessible medical care for the
broader
population. Companies that the adviser believes
provide
wellbeing solutions, including athletic and sporting
equipment
and clothing and gyms. Companies investing in
creating
medical technologies. |
Education
and Training Talent – Companies
that the adviser
believes are
providing educational materials and platforms to
all levels
of society or helping to provide skills to
populations. |
Companies
that the adviser believes are providing
sustainable
student loans and education focused on
accessing
underserved/minority populations across ages.
Companies
that the adviser believes are providing digital
education,
continuing education, and talent training for
employment.
|
Description
of Sub-Theme |
Examples
of Products and Services |
Attainable
Financing – Companies
that the adviser believes
are
providing financial services to individuals at all
socioeconomic
levels or microfinancing solutions. |
Companies
including digital and banks (such as banks that
offer
digital banking solutions that help streamline retail
banking
and/or offer competition to traditional retail banks),
that the
adviser believes are providing microfinancing or
affordable
lending specifically to banking deserts and
underserved
communities and companies with majority of
lending to
small businesses. Companies that the adviser
believes
enable digital finance, including money
management,
mobile money, and accessible/efficient
payment
processing. Insurance companies that the adviser
believes are
focusing on life and health insurance,
catastrophe
insurance, disability insurance and renter’s
insurance. |
Accessing
the Digital Ecosystem – Companies
that the
adviser
believes are facilitating digital access through
hardware,
software or platform infrastructure. |
Companies
that the adviser believes are providing internet
access,
specifically low-cost offerings to combat the digital
divide via
providing services in underserved populations,
including in
rural communities. Semiconductor companies,
and other
hardware companies that the adviser believes
make up
component parts for digital access. Companies that
the adviser
believes are providing overall protection,
including
cyber and digital protection. |
Description
of Sub-Theme |
Examples
of Products and Services |
Sustainable
Water Systems – Companies
that the adviser
believes are
providing sustainable water solutions, including
water
purification, waste water management and water
sanitation
as well as companies contributing to water
conservation
and industrial water recycling. |
Companies
that the adviser believes provide industrial water
treatment or
purification equipment and solutions.
Companies
that the adviser believes reduce domestic water
usage
through residential and drinking water equipment and
other
technology. Companies that the adviser believes
engaged in
the development and building of water supply
systems,
which leverage technology to lower water usage,
reduce water
leakage, and optimize water use.
|
Description
of Sub-Theme |
Examples
of Products and Services |
Sustainable
Agriculture and Food – Companies
that the
adviser
believes are focused on sustainable agricultural
processes
such as precision agriculture technology,
alternative
farming and efficient food processes as well as
companies
that the adviser believes are focused on
sustainable
food practices such as developing plant-based
alternatives
and organic and diverse food options. |
Companies
that the adviser believes are providing precision
agriculture
solutions that improve farm yield, minimize the
use of water
resources, limit the use of pesticides & fertilizers
that can
contaminate land and water resources. Companies
that the
adviser believes promote more efficient farming
practices
(e.g. intercropping, regenerative agriculture, and
agroforestry).
Companies that the adviser believes focus on
vertical
farming to limit the use of soil and water resources.
Companies
that the adviser believes improve efficiency in the
storage,
preparation and distribution of food and agriculture
produce.
Companies that the adviser believes are providing
disease and
drought-resistant seeds and plant solutions.
Companies
with technologies and products that the adviser
believes
replace meat and dairy with plant-based products. |
Sustainable
Production Technologies – Companies
that the
adviser
believes are facilitating the reduction of waste and
minimizing
use of natural resources by enabling
technologies,
improving operating efficiency, improving
utilization
of existing products, or shortening product design
cycles. |
Companies
that the adviser believes are improving
productivity
and efficiency of factory operations by greater
use of
automated tools and processes that optimize resource
use, reduce
resource-costly errors, reduce over-ordering of
raw
materials, enable better demand forecasting, and reduce
waste.
Companies with technology and simulation solutions
that the
adviser believes are directly shortening development
time for new
products, reducing the use of materials, and
leading to
more efficient use of natural resources. Companies
that the
adviser believes are providing autonomous software
solutions
aimed at improving utilization of transport assets,
reduce
waste, downtime, and improved resource use in
supply chain
management. Companies that the adviser
believes are
reducing waste and natural resource use in the
healthcare
sector through preventative initiatives and
diagnostic
tools and improving medical systems design to
enhance
efficiency. |
Sustainable
Materials and Design – Companies
that the
adviser
believes are focused on production and use of
renewable,
recyclable and environmentally friendly
materials,
including responsible forest management,
sustainable
packaging solutions, and sustainable design
technologies. |
Companies in
the forest management and lumber industries
that the
adviser believes provide sustainable forestry
practices.
Companies whose packaging solutions emphasize
recycled and
biodegradable inputs. Companies with
technology
solutions and sustainable materials that the
adviser
believes limit the use of natural resources in
construction,
lower energy consumption, reduce the need for
frequent
maintenance and repair. Companies that the adviser
believes
have a focus on sustainable textile materials, dyes,
and
production methods. Companies that the adviser believes
have a focus
on renewable, biodegradable fuel/energy from
agricultural,
industrial, and consumer waste.
|
Description
of Sub-Theme |
Examples
of Products and Services |
Recycling
and Re-Use – Companies
that the adviser believes
are focused
on recycling, particularly of plastic and metal
products,
waste management companies contributing to
reduction of
landfill waste, and companies facilitating re-use
of consumer
products and machinery. |
Industrial
and municipal waste service providers that the
adviser
believes increase share of recycling and improve
safety in
disposing of hazardous waste and/or waste that
cannot be
recycled. Companies offering recycling solutions
that the
adviser believes reduce waste, lower the need to fell
trees,
preserving forests, address environment
contamination
by plastics, and lower the need for mining new
raw
materials and platform technology solution providers for
used-products
sale, product leasing, car-sharing, multi-type
passenger
transportation. Companies that the adviser
believes are
providing equipment and technology solutions
for service
providers in waste collection and
recycling. |
Description
of Sub-Theme |
Examples
of Products and Services |
Electricity
Infrastructure – Companies
that the adviser
believes are
providing network and storage infrastructure. |
Companies
that the adviser believes are investing in or
operating
electricity networks (e.g. electric utilities
companies
connecting new renewable energy generation to
the
electricity grid or reinforcing local networks to support
electric
vehicle charging). Companies that the adviser
believes are
developing energy storage solutions (e.g.
manufacturers
of battery systems to manage the
intermittency
of renewable energy generation). Companies
that the
adviser believes are developing or offering smart
grids and
smart meters to the utility industry. |
Renewables
Infrastructure – Companies
that the adviser
believes are
developing infrastructure to support clean or
renewable
energy. |
Companies
that the adviser believes are engaging in the
development,
construction, and/or operation of assets that
generate
renewable electricity from wind, solar, hydro or
other
renewable sources (e.g. electric utility
companies). |
Transport
Infrastructure – Companies
that the adviser
believes are
providing transportation-related infrastructure
such as
railways. |
Companies
that the adviser believes operate or develop
public
transit, commuter, and freight railroad networks,
urban
toll-road networks, or underlying infrastructure
components,
with focus on fuel efficiency and social,
environmental,
and economic considerations. Companies that
the adviser
believes develop or operate electric vehicle (EV)
charging
stations and charging networks.
|
Description
of Sub-Theme |
Examples
of Products and Services |
Water
Infrastructure – Companies
that the adviser believes
are
investing in water infrastructure such as water treatment
and
purification. |
Companies
that the adviser believes provide the
infrastructure
to support both clean and waste water services
spanning
water treatment and purification facilities and
water
networks and pipes (e.g. water utility companies).
Companies
that the adviser believes promote the re-use and
recycling of
waste water (e.g. water utility companies). |
Digital
Infrastructure – Companies
that the adviser believes
are
developing and investing in digital infrastructure such as
data
storage. |
Companies
that the adviser believes own, operate, and/or
develop data
centers or cellular towers. Companies that the
adviser
believes own or operate communication systems to
transport
data between the internet and subnetworks.
Companies
that the adviser believes are involved in the
development
or operating of broadband, fiber, and network
infrastructure.
Companies whose assets the adviser believes
facilitate
5G roll-out. |
Sustainable
Logistics – Companies
that the adviser believes
are
providing sustainable logistics solutions, including
logistics
warehouses, sorting centers and facilities that
facilitate
the movement of goods from a transportation hub
to the final
delivery destination. |
Companies
that the adviser believes own or operate
environmentally-friendly
distribution facilities or sorting
centers.
Companies that the adviser believes provide
logistics,
order tracking, supply chain management, or
warehousing
services. |
Medical
Infrastructure – Companies
that the adviser believes
are
investing in medical infrastructure and healthcare
facilities,
including senior living. |
Companies
that own or operate hospitals and health centers.
Companies
that own or operate community healthcare
facilities
and other medical infrastructure. Companies that
own or
operate assisted living facilities and nursing
homes. |
Social
Housing and Education Infrastructure – Companies
that the
adviser believes are focused on providing access to
affordable
housing and education. |
Companies
that the adviser believes facilitate the
development
or rental of housing stock at affordable prices.
Companies
that the adviser believes are involved in student
housing and
accommodation. |
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. |
|
Climate
Change Solutions ETF |
Social
Advancement ETF |
Sustainable
Consumption ETF |
Sustainable
Infrastructure ETF |
Attainable
Financing Risk |
|
• |
|
|
Authorized
Participant Concentration Risk |
• |
• |
• |
• |
Climate
Change Solutions Investment Focus Risk |
• |
|
|
|
Currency
Risk |
• |
• |
• |
• |
Cyber
Security Risk |
○ |
○ |
○ |
○ |
Derivatives
Risk |
• |
• |
• |
• |
Equity
Market Risk |
• |
• |
• |
• |
Foreign
Securities and Emerging Markets Risk |
• |
• |
• |
• |
General
Market Risk |
• |
• |
• |
• |
Geographic
Focus Risk |
• |
• |
• |
• |
Industry and
Sector Focus Risk |
• |
• |
• |
• |
Market
Trading Risk |
• |
• |
• |
• |
New Fund
Risk |
○ |
○ |
○ |
○ |
Non-Diversified
Fund Risk |
• |
• |
• |
• |
Real Estate
Securities Risk |
|
• |
• |
• |
Regulatory
and Legal Risk |
○ |
○ |
○ |
○ |
Securities
Lending Risk |
○ |
○ |
○ |
○ |
Smaller
Company Risk |
• |
• |
• |
•
|
|
Climate
Change Solutions ETF |
Social
Advancement ETF |
Sustainable
Consumption ETF |
Sustainable
Infrastructure ETF |
Social
Advancement Investment Focus Risk |
|
• |
|
|
Sustainable
Consumption Investment Focus Risk |
|
|
• |
|
Sustainable
Infrastructure Investment Focus Risk |
|
|
|
• |
Thematic
Investing 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, money market mutual funds, and
bank deposit accounts. |
JPMorgan
Climate Change Solutions ETF |
0.49% |
JPMorgan
Social Advancement ETF |
0.49 |
JPMorgan
Sustainable Consumption ETF |
0.49 |
JPMorgan
Sustainable Infrastructure ETF |
0.49 |
|
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 |
Total
distributions |
JPMorgan
Climate Change Solutions ETF |
|
|
|
|
|
|
December
13, 2021 (f) through October 31, 2022 |
$48.00 |
$0.43 |
$(12.84) |
$(12.41) |
$(0.03) |
$(0.03) |
JPMorgan
Social Advancement ETF |
|
|
|
|
|
|
September
7, 2022 (f) through October 31, 2022 |
48.00 |
0.07 |
(0.72) |
(0.65) |
— |
— |
JPMorgan
Sustainable Consumption ETF |
|
|
|
|
|
|
September
7, 2022 (f) through October 31, 2022 |
48.00 |
0.04 |
(1.04) |
(1.00) |
— |
— |
JPMorgan
Sustainable Infrastructure ETF |
|
|
|
|
|
|
September
7, 2022 (f) through October 31, 2022 |
48.00 |
0.04 |
(5.08) |
(5.04) |
— |
— |
| |
(a) |
Annualized
for periods less than one year, unless otherwise
noted. |
(b) |
Calculated
based upon average shares outstanding. |
(c) |
Not
annualized for periods less than one year. |
(d) |
Includes
adjustments in accordance with accounting principles generally accepted in
the United States of America and as such, the net asset values for
financial
reporting
purposes and the returns based upon those net asset values may differ from
the net asset values and returns for shareholder
transactions. |
(e) |
Market price
return was calculated assuming an initial investment made at the market
price at the beginning of the reporting period, reinvestment of all
dividends
and
distributions at market price during the period, and sale at the market
price on the last day of the period. The closing price was used to
calculate the market
price
return. |
(f) |
Commencements
of operations |
(g) |
Since the
Shares of the Fund did not trade in the secondary market until the day
after the Fund’s inception, for the period from the inception to the first
day of
secondary
market trading, the net asset value is used as a proxy for the secondary
market trading price to calculate the market
returns. |
|
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) |
|
|
|
|
|
|
|
|
$35.56 |
$35.71 |
(25.87)% |
(25.56)%(g) |
$19,560,686 |
0.49% |
1.26% |
32% |
|
|
|
|
|
|
|
|
47.35 |
47.44 |
(1.35) |
(1.17)(g) |
10,653,044 |
0.49 |
1.00 |
6 |
|
|
|
|
|
|
|
|
47.00 |
47.15 |
(2.08) |
(1.77)(g) |
10,575,739 |
0.49 |
0.66 |
1 |
|
|
|
|
|
|
|
|
42.96 |
43.06 |
(10.50) |
(10.29)(g) |
9,665,086 |
0.49 |
0.64 |
— |