|
Ticker |
Listing
Exchange |
JPMorgan
BetaBuilders USD Investment Grade Corporate Bond
ETF
(formerly,
JPMorgan Corporate Bond Research Enhanced ETF) |
BBCB |
NYSE
Arca |
JPMorgan
BetaBuilders USD High Yield Corporate Bond ETF
(formerly,
JPMorgan High Yield Research Enhanced ETF) |
BBHY |
Cboe BZX
Exchange, Inc. |
JPMorgan
BetaBuilders U.S. Aggregate Bond ETF
(formerly,
JPMorgan U.S. Aggregate Bond ETF) |
BBAG |
NYSE
Arca |
ANNUAL
FUND OPERATING EXPENSES1
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
Management
Fees |
0.09% |
Total
Annual Fund Operating Expenses |
0.09 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR
COST
WOULD BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
[
] |
[
] |
[
] |
[
] |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
2nd
quarter, 2020 |
8.59% |
Worst
Quarter |
1st
quarter, 2021 |
-5.03% |
The
Fund’s year-to-date total return |
through |
3/31/22 |
was |
-7.48% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2021) | ||
|
Past |
Life
of Fund
since |
|
1
Year |
12/12/2018 |
SHARES |
|
|
Return
Before Taxes |
-1.78% |
7.34% |
Return
After Taxes on Distributions |
-2.99 |
5.58 |
Return
After Taxes on Distributions and Sale
of
Fund Shares |
-0.91 |
4.96 |
BLOOMBERG
U.S. CORPORATE INDEX
(Reflects
No Deduction for Fees, Expenses, or
Taxes) |
-1.04 |
7.68 |
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Eric
Isenberg |
2023 |
Managing
Director |
Naveen
Kumar |
2021 |
Executive
Director |
Qiwei
Zhu |
2021 |
Executive
Director |
Jonathan
Msika |
2023 |
Vice
President |
ANNUAL
FUND OPERATING EXPENSES1
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
Management
Fees |
0.15% |
Total
Annual Fund Operating Expenses |
0.15 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR
COST
WOULD BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
[
] |
[
] |
[
] |
[
] |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
2nd
quarter, 2020 |
8.55% |
Worst
Quarter |
1st
quarter, 2020 |
-11.81% |
The
Fund’s year-to-date total return |
through |
3/31/22 |
was |
-4.72% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2021) | |||
|
Past |
Past |
Life
of Fund
since |
|
1
Year |
5
Years |
09/14/2016 |
SHARES |
|
|
|
Return
Before Taxes |
4.06% |
5.40% |
5.53% |
Return
After Taxes on Distributions |
2.35 |
3.35 |
3.47 |
Return
After Taxes on Distributions
and
Sale of Fund Shares |
2.39 |
3.23 |
3.32 |
ICE
BOFA US HIGH YIELD TOTAL
RETURN
INDEX
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
[
] |
[
] |
[
] |
BLOOMBERG
U.S. CORPORATE HIGH
YIELD
- 2% ISSUER CAPPED INDEX1
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
5.26 |
6.28 |
6.51 |
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Eric
Isenberg |
2023 |
Managing
Director |
Naveen
Kumar |
2021 |
Executive
Director |
Qiwei
Zhu |
2021 |
Executive
Director |
Jonathan
Msika |
2023 |
Vice
President |
ANNUAL
FUND OPERATING EXPENSES1
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
Management
Fees |
0.03% |
Total
Annual Fund Operating Expenses |
0.03 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR
COST
WOULD BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
[
] |
[
] |
[
] |
[
] |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
1st
quarter, 2020 |
3.07% |
Worst
Quarter |
1st
quarter, 2021 |
-3.49% |
The
Fund’s year-to-date total return |
through |
3/31/22 |
was |
-5.86% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2021) | ||
|
Past |
Life
of Fund
since |
|
1
Year |
12/12/2018 |
SHARES |
|
|
Return
Before Taxes |
-1.82% |
4.75% |
Return
After Taxes on Distributions |
-2.37 |
3.83 |
Return
After Taxes on Distributions and Sale
of
Fund Shares |
-1.06 |
3.27 |
BLOOMBERG
U.S. AGGREGATE BOND INDEX
(Reflects
No Deduction for Fees, Expenses, or
Taxes) |
-1.54 |
5.07 |
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Eric
Isenberg |
2018 |
Managing
Director |
Naveen
Kumar |
2018 |
Executive
Director |
Jonathan
Msika |
2021 |
Vice
President |
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
USD
Investment
Grade
Corporate
Bond ETF |
BetaBuilders
USD
High
Yield
Corporate
Bond ETF |
BetaBuilders
U.S.
Aggregate
Bond
ETF |
Asset-Backed,
Mortgage-Related and Mortgage-Backed Securi-
ties
Risk |
|
|
• |
Authorized
Participant Concentration Risk |
• |
• |
• |
Cash
Transactions Risk |
• |
• |
• |
Concentration
Risk |
• |
|
|
Convertible
Securities Risk |
○ |
○ |
|
Credit
Risk |
• |
• |
• |
Cyber
Security Risk |
○ |
○ |
○ |
|
BetaBuilders
USD
Investment
Grade
Corporate
Bond ETF |
BetaBuilders
USD
High
Yield
Corporate
Bond ETF |
BetaBuilders
U.S.
Aggregate
Bond
ETF |
Derivatives
Risk |
○ |
○ |
○ |
Equity
Market Risk |
|
○ |
|
ETF
and Other Investment Company Risk |
|
○ |
• |
Financials
Sector Risk |
• |
|
|
Foreign
Issuer Risk |
• |
• |
• |
Foreign
Securities and Emerging Markets Risk |
• |
• |
• |
General
Market Risk |
• |
• |
• |
Geographic
Focus Risk |
• |
|
• |
Government
Securities Risk |
○ |
|
• |
High
Portfolio Turnover Risk |
○ |
|
|
High
Yield Securities Risk |
○ |
• |
|
Index
Related Risk |
• |
• |
• |
Industry
and Sector Focus Risk |
• |
• |
• |
Interest
Rate Risk |
• |
• |
• |
Market
Trading Risk |
• |
• |
• |
MLP
Risk |
• |
|
|
Passive
Management Risk |
• |
• |
• |
Preferred
Stock Risk |
|
○ |
|
Prepayment
Risk |
• |
|
• |
Privately
Placed Securities Risk |
• |
• |
○ |
REITs
Risk |
|
○ |
|
Risk
Associated with the Fund Holding Cash, Money Market
Instruments
and Other Short-Term Investments |
• |
|
|
Sampling
Risk |
• |
• |
• |
Securities
Lending Risk |
○ |
○ |
○ |
Smaller
Company Risk |
|
• |
|
Transactions
and Liquidity Risk |
○ |
○ |
○ |
Volcker
Rule Risk |
○ |
○ |
○ |
When-Issued,
Delayed Settlement and Forward Commitment
Transactions
Risk |
|
○ |
|
Zero-Coupon,
Pay-In-Kind and Deferred Payment Securities Risk |
|
○ |
|
WHAT
IS A DERIVATIVE? |
Derivatives
are securities or contracts (for example, futures and options) that derive
their value from the performance of underlying
assets
or securities. |
BetaBuilders
USD Investment Grade Corporate Bond ETF |
0.09% |
BetaBuilders
USD High Yield Corporate Bond ETF |
0.15 |
BetaBuilders
U.S. Aggregate Bond ETF |
0.03 |
FUND
NAME |
FUND
CODE |
BetaBuilders
USD Investment Grade Corporate Bond ETF |
1 |
BetaBuilders
USD High Yield Corporate Bond ETF |
2 |
BetaBuilders
U.S. Aggregate Bond ETF |
3 |
INSTRUMENT |
FUND
CODE |
RISK
TYPE |
Adjustable
Rate Mortgage Loans (ARMs):
Loans in a mortgage pool which provide for a fixed
initial
mortgage interest rate for a specified period of time, after which the
rate may be subject
to
periodic adjustments. |
3 |
Credit
Interest
Rate
Liquidity
Market
Political
Prepayment
Valuation |
Asset-Backed
Securities: Securities
secured by company receivables, home equity loans, truck
and
auto loans, leases, and credit card receivables or other securities backed
by other types of
receivables
or other assets and pools of loans, such as collateralized loan
obligations. |
3 |
Credit
Interest
Rate
Liquidity
Market
Political
Prepayment
Valuation |
Common
Stock:
Shares of ownership of a company. |
2 |
Market |
Common
Stock Warrants and Rights:
Securities, typically issued with preferred stock or bonds,
that
give the holder the right to buy a proportionate amount of common stock at
a specified
price. |
2 |
Credit
Market |
Convertible
Securities:
Bonds or preferred stock that can convert to common stock including
contingent
convertible securities. |
1-2 |
Credit
Currency
Interest
Rate
Liquidity
Market
Political
Valuation |
Corporate
Debt Securities:
May include bonds and other debt securities of domestic and foreign
issuers,
including obligations of industrial, utility, banking and other corporate
issuers. |
1-3 |
Credit
Currency
Interest
Rate
Liquidity
Market
Political
Valuation |
Credit
Default Swaps (CDSs):
A swap agreement between two parties pursuant to which one
party
pays the other a fixed periodic coupon for the specified life of the
agreement. The other
party
makes no payment unless a credit event, relating to a predetermined
reference asset,
occurs.
If such an event occurs, the party will then make a payment to the first
party, and the
swap
will terminate. |
1-3 |
Credit
Currency
Interest
Rate
Leverage
Liquidity
Management
Market
Political
Valuation |
INSTRUMENT |
FUND
CODE |
RISK
TYPE |
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
Investment
Credit
Currency
Interest
Rate
Market
Liquidity
Political |
Exchange-Traded
Funds (ETFs):
Ownership interest in unit investment trusts, depositary receipts,
and
other pooled investment vehicles that hold a portfolio of securities or
stocks designed to
track
the price performance and dividend yield of a particular broad-based,
sector or
international
index. ETFs include a wide range of investments. |
3 |
Investment
Company
Market |
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
Investment
Interest
Rate
Liquidity
Market
Political
Prepayment |
High
Yield/High Risk Securities/Junk Bonds:
Securities that are generally rated below investment
grade
by the primary rating agencies or are unrated but are deemed by a Fund’s
adviser to be of
comparable
quality. |
1-3 |
Credit
Currency
High
Yield Securities
Interest
Rate
Liquidity
Market
Political
Portfolio
Quality
Valuation |
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
Market |
Mortgage-Backed
Securities:
Debt obligations secured by real estate loans and pools of loans
such
as collateralized mortgage obligations (CMOs), commercial mortgage-backed
securities
(CMBSs)
and other asset-backed structures. |
3 |
Credit
Currency
Extension
Interest
Rate
Leverage
Liquidity
Market
Political
Prepayment
Tax
Valuation |
Municipal
Securities:
Securities issued by a state or political 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 |
Credit
Interest
Rate
Market
Natural
Event
Political
Prepayment
Tax |
INSTRUMENT |
FUND
CODE |
RISK
TYPE |
Obligations
of Supranational Agencies:
Obligations which are chartered to promote economic
development
and are supported by various governments and governmental
agencies. |
3 |
Credit
Foreign
Investment
Liquidity
Political
Valuation |
Options
and Futures Transactions:
A Fund may purchase and sell (a) exchange traded and over
the
counter put and call options on securities, indexes of securities and
futures contracts on
securities,
indexes of securities, interest rate futures contracts and interest rate
swaps and (b)
futures
contracts on securities and indexes of securities. |
1,
3 |
Credit
Interest
Rate
Leverage
Liquidity
Management
Market |
Preferred
Stock:
A class of stock that generally pays a dividend at a specified rate and
has
preference
over common stock in the payment of dividends and in
liquidation. |
2 |
Interest
Rate
Market |
Private
Placements, Restricted Securities and Other Unregistered
Securities:
Securities not
registered
under the Securities Act of 1933, such as privately placed commercial
paper and Rule
144A
securities. |
1-3 |
Liquidity
Market
Valuation |
Real
Estate Investment Trusts (REITs):
Pooled investment vehicles which invest primarily in
income
producing real estate or real estate related loans or
interest. |
2,
3 |
Credit
Interest
Rate
Liquidity
Management
Market
Political
Prepayment
Tax
Valuation |
Securities
Issued in Connection with Reorganization and Corporate
Restructuring:
In connection
with
reorganizing or restructuring of an issuer, an issuer may issue common
stock or other
securities
to holders of its debt securities. |
2,
3 |
Market |
Securities
Lending:
The lending of up to 33 1∕3%
of a Fund’s total assets. In return, a Fund will
receive
cash, other securities, and/or letters of credit as
collateral. |
1,
3 |
Credit
Leverage
Market |
Sovereign
Obligations:
Investments in debt obligations issued or guaranteed by a foreign
sovereign
government or its agencies, authorities or political
subdivisions. |
3 |
Credit
Foreign
Investment
Interest
Rate
Liquidity
Political
Valuation |
Temporary
Defensive Positions:
To respond to unusual circumstances a Fund may invest in cash
and
cash equivalents for temporary defensive purposes. |
2 |
Credit
Interest
Rate
Liquidity
Market |
Trust
Preferred:
Securities with characteristics of both subordinated debt and preferred
stock.
Trust
preferreds are generally long term securities that make periodic fixed or
variable interest
payments. |
2 |
Credit
Currency
Interest
Rate
Liquidity
Market
Political
Valuation |
INSTRUMENT |
FUND
CODE |
RISK
TYPE |
U.S.
Government Agency Securities:
Securities issued or guaranteed by agencies and
instrumentalities
of the U.S. government. These include all types of securities issued by
Ginnie
Mae,
Fannie Mae and Freddie Mac, including funding notes, subordinated
benchmark notes,
CMOs
and REMICs. |
1-3 |
Credit
Government
Securities
Interest
Rate
Market |
U.S.
Government Obligations:
May include direct obligations of the U.S. Treasury, including
Treasury
bills, notes and bonds, all of which are backed as to principal and
interest payments by
the
full faith and credit of the United States, and separately traded
principal and interest
component
parts of such obligations that are transferable through the Federal
book-entry
system
known as Separate Trading of Registered Interest and Principal of
Securities (STRIPS)
and
Coupons Under Book Entry Safekeeping (CUBES). |
3 |
Interest
Rate
Market |
Variable
and Floating Rate Instruments:
Obligations with interest rates which are reset daily,
weekly,
quarterly or some other frequency and which may be payable to a Fund on
demand or
at
the expiration of a specified term. |
2-3 |
Credit
Liquidity
Market
Valuation |
When-Issued
Securities, Delayed Delivery Securities and Forward
Commitments:
Purchase or
contract
to purchase securities at a fixed price for delivery at a future
date. |
2-3 |
Credit
Leverage
Liquidity
Market
Valuation |
Zero-Coupon,
Pay-in-Kind and Deferred Payment Securities:
Zero-coupon securities are securities
that
are sold at a discount to par value and on which interest payments are not
made during the
life
of the security. Pay-in-kind securities are securities that have interest
payable by delivery of
additional
securities. Deferred payment securities are zero-coupon debt securities
which
convert
on a specified date to interest bearing debt
securities. |
2-3 |
Credit
Currency
Interest
Rate
Liquidity
Market
Political
Valuation
Zero-Coupon
Securities |
|
Per
share operating performance | ||||||
|
|
Investment
operations |
Distributions | ||||
|
Net
asset
value,
beginning
of
period |
Net
investment
income
(loss)
(b) |
Net
realized
and
unrealized
gains
(losses)
on
investments |
Total
from
investment
operations |
Net
investment
income |
Net
realized
gain |
Total
distributions |
JPMorgan
BetaBuilders USD Investment Grade
Corporate
Bond ETF (formerly JPMorgan Corporate
Bond
Research Enhanced ETF) |
|
|
|
|
|
|
|
Six
Months Ended August 31, 2022 (Unaudited) |
$[
] |
$[
] |
$[
] |
$[
] |
$[
] |
$[
] |
$[
] |
Year
Ended February 28, 2022 |
$55.33 |
$1.38 |
$(3.34) |
$(1.96) |
$(1.40) |
$(0.49) |
$(1.89) |
Year
Ended February 28, 2021 |
56.27 |
1.58 |
(0.31) |
1.27 |
(1.46) |
(0.75) |
(2.21) |
Year
Ended February 29, 2020 |
51.19 |
1.95 |
5.96 |
7.91 |
(1.93) |
(0.90) |
(2.83) |
December
12, 2018 (g) through February 28, 2019 |
50.00 |
0.44 |
1.19 |
1.63 |
(0.44) |
— |
(0.44) |
JPMorgan
BetaBuilders USD High Yield Corporate
Bond
ETF (formerly JPMorgan High Yield Research
Enhanced
ETF) |
|
|
|
|
|
|
|
Six
Months Ended August 31, 2022 (Unaudited) |
[
] |
[
] |
[
] |
[
] |
[
] |
[
] |
[
] |
Year
Ended February 28, 2022 |
51.64 |
1.97 |
(1.79) |
0.18 |
(2.21) |
— |
(2.21) |
Year
Ended February 28, 2021 |
50.31 |
2.12 |
1.31(i) |
3.43 |
(2.07) |
(0.03) |
(2.10) |
Year
Ended February 29, 2020 |
49.86 |
2.50 |
0.53 |
3.03 |
(2.58) |
— |
(2.58) |
Year
Ended February 28, 2019 |
50.09 |
2.47 |
(0.23) |
2.24 |
(2.47) |
— |
(2.47) |
Year
Ended February 28, 2018 |
50.96 |
2.44 |
(0.92) |
1.52 |
(2.39) |
— |
(2.39) |
JPMorgan
BetaBuilders U.S. Aggregare Bond ETF
(formerly
JPMorgan U.S. Aggregate Bond ETF) |
|
|
|
|
|
|
|
Six
Months Ended August 31, 2022 (Unaudited) |
[
] |
[
] |
[
] |
[
] |
[
] |
[
] |
[
] |
Year
Ended February 28, 2022 (f) |
54.39 |
0.71 |
(2.19) |
(1.48) |
(0.72) |
(0.06) |
(0.78) |
Year
Ended February 28, 2021 (f) |
54.86 |
0.89 |
(0.32) |
0.57 |
(0.85) |
(0.19) |
(1.04) |
Year
Ended February 29, 2020 (f) |
50.63 |
1.39 |
4.35 |
5.74 |
(1.44) |
(0.07) |
(1.51) |
December
12, 2018 (g) through February 28, 2019 (f) |
50.00 |
0.36 |
0.58 |
0.94 |
(0.31) |
— |
(0.31) |
|
|
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) | |
|
|
|
|
|
|
|
|
| |
$[
] |
$[
] |
[
]% |
[
]% |
$[
] |
[
]% |
[
]% |
[
]% |
[
]% | |
$51.48 |
$51.56 |
(3.70) |
(3.83) |
$51,478,693 |
0.14 |
2.51 |
0.14 |
36 | |
55.33 |
55.48 |
2.24 |
2.09 |
55,332,638 |
0.14 |
2.81 |
0.14 |
41 | |
56.27 |
56.50 |
15.74 |
15.95 |
35,170,394 |
0.14 |
3.58 |
0.65
(j) |
67 | |
51.19 |
51.30 |
3.26 |
3.48
(h) |
25,595,493 |
0.14
(k) |
3.98 |
2.13
(j)(k) |
12 | |
|
|
|
|
|
|
|
|
| |
[
] |
[
] |
[
] |
[
] |
[
] |
[
] |
[
] |
[
] |
[
] | |
49.61 |
49.65 |
0.26 |
0.40 |
1,453,558,764 |
0.24 |
3.83 |
0.24 |
46 | |
51.64 |
51.61 |
7.16 |
6.43 |
1,559,634,055 |
0.23 |
4.18 |
0.23 |
50 | |
50.31 |
50.62 |
6.15 |
6.88 |
171,037,324 |
0.32 |
4.90 |
0.44
(j) |
128 | |
49.86 |
49.82 |
4.66 |
4.00 |
154,570,385 |
0.40 |
5.01 |
0.57
(j) |
23 | |
50.09 |
50.36 |
3.00 |
3.12 |
105,191,308 |
0.40 |
4.78 |
0.98
(j) |
23 | |
[
] |
[
] |
[
] |
[
] |
[
] |
[
] |
[
] |
[
] |
[
] | |
52.13 |
52.14 |
(2.76) |
(2.69) |
1,024,267,076 |
0.07 |
1.32 |
0.07 |
78 | |
54.39 |
54.36 |
1.04 |
0.85 |
826,789,330 |
0.07 |
1.60 |
0.07 |
64 | |
54.86 |
54.92 |
11.46 |
11.49 |
543,070,946 |
0.07 |
2.61 |
0.20
(j) |
57 | |
50.63 |
50.68 |
1.90 |
1.98
(h) |
98,730,082 |
0.07
(k) |
3.26 |
1.14
(j)(k) |
53 |