|
Ticker |
Listing
Exchange |
JPMorgan
Equity Focus ETF |
JPEF |
The
NASDAQ Stock Market LLC |
JPMorgan
Market Expansion Enhanced Equity ETF |
JMEE |
NYSE
Arca |
| |
Management
Fees |
|
Other
Expenses1 |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waivers and/or Expense Reimbursements2 |
- |
Total
Annual Fund Operating Expenses after Fee Waiv-
ers
and/or Expense Reimbursements2 |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
SHARES |
|
|
|
Return
Before Taxes |
-
% |
% |
% |
Return
After Taxes on Distributions |
- |
|
|
Return
After Taxes on Distributions and
Sale
of Fund Shares |
- |
|
|
S&P
500 INDEX
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
- |
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Jonathan
K.L. Simon |
2023 |
Managing
Director |
Timothy
Parton |
2023 |
Managing
Director |
Felise
Agranoff |
2023 |
Managing
Director |
Daniel
J. Percella |
2023 |
Managing
Director |
| |
Management
Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waivers and/or Expense Reimbursements1 |
- |
Total
Annual Fund Operating Expenses after Fee Waiv-
ers
and/or Expense Reimbursements1 |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
SHARES |
|
|
|
Return
Before Taxes |
-
% |
% |
% |
Return
After Taxes on Distributions |
- |
|
|
Return
After Taxes on Distributions and
Sale
of Fund Shares |
- |
|
|
S&P
1000 INDEX
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
- |
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Phillip
D. Hart |
2022 |
Managing
Director |
Wonseok
Choi |
2022 |
Managing
Director |
Akash
Gupta |
2022 |
Executive
Director |
Robert
A. Ippolito |
2022 |
Executive
Director |
FUNDAMENTAL
INVESTMENT OBJECTIVES |
An
investment objective is fundamental if it cannot be changed without the
consent of a majority of the outstanding shares of the
Fund.
The investment objective for Market Expansion Enhanced Equity ETF is
fundamental. The investment objective for Equity Focus
ETF
can be changed without the consent of a majority of the outstanding shares
of that Fund. |
|
Equity
Focus ETF |
Market
Expansion
Enhanced
Equity
ETF |
Authorized
Participant Concentration Risk |
• |
• |
Convertible
Securities Risk |
○ |
○ |
Cyber
Security Risk |
○ |
○ |
Derivatives
Risk |
• |
• |
Equity
Market Risk |
• |
• |
Exchange-Traded
Fund (ETF) and Other Investment Company Risk |
○ |
○ |
Financials
Sector Risk |
• |
• |
Foreign
Securities and Emerging Markets Risks |
• |
○ |
General
Market Risk |
• |
• |
Index
Investing Risk |
|
• |
Industrials
Sector Risk |
|
• |
Industry
and Sector Focus Risk |
• |
• |
Information
Technology Sector Risk |
• |
|
Initial
Public Offering (IPO) Risk |
○ |
○ |
Large
Cap Company Risk |
• |
|
Market
Trading Risk |
• |
• |
Master
Limited Partnerships (MLPs) Risk |
○ |
○ |
Preferred
Securities Risk |
○ |
|
Real
Estate Securities Risk |
• |
• |
Regulatory
and Legal Risk |
○ |
○ |
Securities
Lending Risk |
○ |
○ |
Smaller
and/or Mid-Sized Company Risk |
• |
• |
Strategy
Risk |
• |
|
|
Equity
Focus ETF |
Market
Expansion
Enhanced
Equity
ETF |
Transactions
and Liquidity Risk |
○ |
○ |
Volcker
Rule Risk |
○ |
○ |
WHAT
IS A DERIVATIVE? |
Derivatives
are securities or contracts (like 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
Equity Focus ETF |
0.45% |
JPMorgan
Market Expansion Enhanced Equity ETF |
0.24 |
|
|
|
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 |
Net
realized
gain |
Total
distributions |
JPMorgan
Equity Focus Fund |
|
|
|
|
|
|
|
|
Class
R6 |
|
|
|
|
|
|
|
|
Year
Ended June 30, 2023 |
|
$29.01 |
$0.18 |
$5.20 |
$5.38 |
$(0.15) |
$(0.35) |
$(0.50) |
Year
Ended June 30, 2022 |
|
35.62 |
0.16 |
(2.75) |
(2.59) |
(0.11) |
(3.91) |
(4.02) |
Year
Ended June 30, 2021 |
|
27.25 |
0.18 |
12.07 |
12.25 |
(0.23) |
(3.65) |
(3.88) |
Year
Ended June 30, 2020 |
|
30.48 |
0.30 |
1.69 |
1.99 |
(0.24) |
(4.98) |
(5.22) |
October
1, 2018 (f) through June 30, 2019 |
|
34.55 |
0.23 |
(0.05) |
0.18 |
(0.53) |
(3.72) |
(4.25) |
|
Ratios/Supplemental
data | |||||
|
|
|
Ratios
to average net assets (a) |
| ||
Net asset
value,
end of
period |
Total
return
(excludes
sales
charge)(c)(d) |
Net assets,
end of
period
(000's) |
Net
expenses(e) |
Net
investment
income
(loss) |
Expenses
without
waivers and
reimbursements |
Portfolio
turnover
rate(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$33.89 |
18.85% |
$73,544 |
0.60% |
0.60% |
0.68% |
41% |
29.01 |
(8.87) |
35,124 |
0.60 |
0.47 |
0.69 |
29 |
35.62 |
47.82 |
34,054 |
0.60 |
0.55 |
0.73 |
58 |
27.25 |
6.39 |
23,881 |
0.60 |
1.06 |
0.83 |
44 |
30.48 |
2.03 |
22,346 |
0.59 |
1.08 |
0.95 |
45 |
|
|
Per
share operating performance (a) | |||||
|
|
Investment
operations |
Distributions | ||||
|
Net
asset
value
beginning
of
period |
Net
investment
income
(loss)(c) |
Net
realized
and
unrealized
gains (losses)
on
investments |
Total
from
investment
operations |
Net
investment
income |
Net
realized
gain |
Total
distributions |
JPMorgan
Market Expansion Enhanced Equity ETF
(g) |
|
|
|
|
|
|
|
Year
Ended June 30, 2023 |
$45.83 |
$0.67 |
$6.67 |
$7.34 |
$(0.66) |
$(2.39) |
$(3.05) |
Year
Ended June 30, 2022 |
62.87 |
0.70 |
(8.03) |
(7.33) |
(0.66) |
(9.05) |
(9.71) |
Year
Ended June 30, 2021 |
41.41 |
0.63 |
23.22 |
23.85 |
(0.63) |
(1.76) |
(2.39) |
Year
Ended June 30, 2020 |
48.77 |
0.63 |
(4.82) |
(4.19) |
(0.68) |
(2.49) |
(3.17) |
October
1, 2018 through June 30, 2019 |
58.92 |
0.54 |
(4.01) |
(3.47) |
(0.68) |
(6.00) |
(6.68) |
Year
Ended June 30, 2019 |
57.67 |
0.63 |
(3.24) |
(2.61) |
(0.44) |
(5.95) |
(6.39) |
|
Ratios/Supplemental
data | |||||||
|
|
|
|
|
Ratios
to average net assets (b) |
| ||
Net asset
value,
end of
period |
Market
price,
end of
period |
Total
Return(d)(e) |
Market
price
total
return(d)(f) |
Net assets,
end of
period |
Net
expenses |
Net
investment
income
(loss) |
Expenses
without
waivers
and
reimbursements |
Portfolio
turnover
rate(d) |
|
|
|
|
|
|
|
|
|
$50.12 |
$50.16 |
16.61% |
16.73% |
$854,560,372 |
0.24% |
1.38% |
0.36% |
29% |
45.83 |
45.82 |
(13.80) |
(13.81) |
833,993,386 |
0.25 |
1.21 |
0.36 |
27 |
62.87 |
62.87 |
58.97 |
58.97 |
766,008,977 |
0.25 |
1.18 |
0.35 |
35 |
41.41 |
41.41 |
(9.65) |
(9.65) |
500,129,035 |
0.25 |
1.45 |
0.36 |
49 |
48.77 |
48.77 |
(4.81) |
(4.81) |
512,511,625 |
0.25 |
1.51 |
0.37 |
36 |
48.67 |
48.67 |
(3.56) |
(3.56) |
264,414,719 |
0.34 |
1.14 |
0.61 |
36 |
|
|
|
|
Net
Expense Ratio |
Gross
Expense Ratio |
JPMorgan
Market Expansion Enhanced Equity ETF |
0.24% |
0.36
% |
JPMorgan
Market Expansion Enhanced Equity ETF | ||||
|
Class
ETF Shares | |||
Period
Ended |
Annual
Costs |
Gross
Cumulative
Return |
Net
Cumulative
Return |
Net
Annual
Return |
October
31, 2024 |
$25 |
5.00% |
4.76% |
4.76% |
October
31, 2025 |
30 |
10.25 |
9.70 |
4.72 |
October
31, 2026 |
40 |
15.76 |
14.79 |
4.64 |
October
31, 2027 |
42 |
21.55 |
20.12 |
4.64 |
October
31, 2028 |
44 |
27.63 |
25.70 |
4.64 |
October
31, 2029 |
46 |
34.01 |
31.53 |
4.64 |
October
31, 2030 |
48 |
40.71 |
37.63 |
4.64 |
October
31, 2031 |
51 |
47.75 |
44.02 |
4.64 |
October
31, 2032 |
53 |
55.13 |
50.70 |
4.64 |
October
31, 2033 |
56 |
62.89 |
57.69 |
4.64 |