|
Ticker |
Listing
Exchange |
JPMorgan
BetaBuilders Canada ETF |
BBCA |
Cboe BZX
Exchange, Inc. |
JPMorgan
BetaBuilders Developed Asia Pacific 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. Momentum Factor ETF |
JMOM |
NYSE
Arca |
JPMorgan
U.S. Quality Factor ETF |
JQUA |
NYSE
Arca |
JPMorgan
U.S. Value Factor ETF |
JVAL |
NYSE
Arca |
| |
1 | |
7 | |
13 | |
19 | |
25 | |
31 | |
36 | |
41 | |
46 | |
51 | |
59 | |
65 | |
70 | |
75 | |
80 | |
85 | |
90 | |
95 | |
95 | |
106 | |
122 | |
123 | |
125 |
126 | |
126 | |
127 | |
129 | |
130 | |
130 | |
131 | |
134 | |
134 | |
134 | |
134 | |
135 | |
136 | |
136 | |
137 | |
137 | |
138 | |
138 | |
138 | |
140 | |
Back
cover |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
Past |
Life of
Fund
since |
|
1
Year |
|
SHARES |
|
|
Return Before
Taxes |
- |
|
Return After
Taxes on Distributions |
- |
|
Return After
Taxes on Distributions and Sale
of Fund
Shares |
- |
|
MORNINGSTAR®
CANADA TARGET MARKET
EXPOSURE
INDEX
(Net Total
Return)
(Reflects No
Deduction for Fees, Expenses, or
Taxes, Except
Foreign Withholding Taxes) |
- |
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Nicholas
D’Eramo |
2018 |
Executive
Director |
Michael
Loeffler |
2018 |
Executive
Director |
Oliver
Furby |
2018 |
Executive
Director |
Alex
Hamilton |
2018 |
Executive
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
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®
DEVELOPED ASIA PACIFIC
EX-JAPAN
TARGET MARKET EXPOSURE
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 |
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
($) |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
Past |
Life of
Fund
since |
|
1
Year |
|
SHARES |
|
|
Return Before
Taxes |
- |
|
Return After
Taxes on Distributions |
- |
|
Return After
Taxes on Distributions and Sale
of Fund
Shares |
- |
|
MORNINGSTAR®
DEVELOPED EUROPE
TARGET
MARKET EXPOSURE INDEX
(Net Total
Return)
(Reflects No
Deduction for Fees, Expenses, or
Taxes, Except
Foreign Withholding Taxes) |
- |
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Nicholas
D’Eramo |
2018 |
Executive
Director |
Michael
Loeffler |
2018 |
Executive
Director |
Oliver
Furby |
2018 |
Executive
Director |
Alex
Hamilton |
2018 |
Executive
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
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®
DEVELOPED MARKETS
EX-NORTH
AMERICA TARGET MARKET
EXPOSURE
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 |
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
($) |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
Past |
Life of
Fund
since |
|
1
Year |
|
SHARES |
|
|
Return Before
Taxes |
- |
- |
Return After
Taxes on Distributions |
- |
- |
Return After
Taxes on Distributions and Sale
of Fund
Shares |
- |
- |
MORNINGSTAR®
JAPAN TARGET MARKET
EXPOSURE
INDEX
(Net Total
Return)
(Reflects No
Deduction for Fees, Expenses, or
Taxes, Except
Foreign Withholding Taxes) |
- |
- |
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Nicholas
D’Eramo |
2018 |
Executive
Director |
Michael
Loeffler |
2018 |
Executive
Director |
Oliver
Furby |
2018 |
Executive
Director |
Alex
Hamilton |
2018 |
Executive
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
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
($) |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
Past |
Life of
Fund
since |
|
1
Year |
|
SHARES |
|
|
Return Before
Taxes |
- |
|
Return After
Taxes on Distributions |
- |
|
Return After
Taxes on Distributions and Sale
of Fund
Shares |
- |
|
MORNINGSTAR®
US MID CAP TARGET
MARKET
EXPOSURE EXTENDED INDEX
(Reflects No
Deduction for Fees, Expenses, or
Taxes) |
- |
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Nicholas
D’Eramo |
2019 |
Executive
Director |
Michael
Loeffler |
2019 |
Executive
Director |
Oliver
Furby |
2019 |
Executive
Director |
Alex
Hamilton |
2019 |
Executive
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
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
($) |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
Past |
Life of
Fund
since |
|
1
Year |
|
SHARES |
|
|
Return Before
Taxes |
- |
|
Return After
Taxes on Distributions |
- |
|
Return After
Taxes on Distributions and Sale
of Fund
Shares |
- |
|
JPMORGAN
ASSET MANAGEMENT CARBON
TRANSITION
U.S. EQUITY INDEX
(Reflects No
Deduction for Fees, Expenses, or
Taxes) |
- |
|
RUSSELL
1000 INDEX
(Reflects No
Deduction for Fees, Expenses, or
Taxes) |
- |
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Yazann
Romahi |
2020 |
Managing
Director |
Aijaz
Hussain |
2020 |
Vice
President |
Natalia
Zvereva |
2022 |
Executive
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
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 Total
Return)
(Reflects No
Deduction for Fees,
Expenses, or
Taxes, Except Foreign
Withholding
Taxes) |
- |
|
|
FTSE
EMERGING 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 |
2017 |
Managing
Director |
Joe
Staines |
2017 |
Executive
Director |
Kartik
Aiyar |
2017 |
Vice
President |
Yegang
(Steven) Wu |
2021 |
Executive
Director |
Natalia
Zvereva |
2022 |
Executive
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life of
Fund
since |
|
1
Year |
5
Years |
|
SHARES |
|
|
|
Return Before
Taxes |
- |
- |
|
Return After
Taxes on Distributions |
- |
- |
|
Return After
Taxes on Distributions
and Sale of
Fund Shares |
- |
- |
|
JP
MORGAN DIVERSIFIED FACTOR
INTERNATIONAL
EQUITY INDEX
(Net Total
Return)
(Reflects No
Deduction for Fees,
Expenses, or
Taxes, Except Foreign
Withholding
Taxes) |
- |
- |
|
FTSE
DEVELOPED EX NORTH
AMERICA
INDEX
(Net Total
Return)
(Reflects No
Deduction for Fees,
Expenses, or
Taxes, Except Foreign
Withholding
Taxes) |
- |
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Yazann
Romahi |
2017 |
Managing
Director |
Joe
Staines |
2017 |
Executive
Director |
Kartik
Aiyar |
2017 |
Vice
President |
Yegang
(Steven) Wu |
2022 |
Executive
Director |
Natalia
Zvereva |
2022 |
Executive
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
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 |
Joe
Staines |
2016 |
Executive
Director |
Yegang
(Steven) Wu |
2016 |
Executive
Director |
Natalia
Zvereva |
2022 |
Executive
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life of
Fund
since |
|
1
Year |
5
Years |
|
SHARES |
|
|
|
Return Before
Taxes |
- |
|
|
Return After
Taxes on Distributions |
- |
|
|
Return After
Taxes on Distributions
and Sale of
Fund Shares |
- |
|
|
JP
MORGAN DIVERSIFIED FACTOR
US
MID CAP EQUITY INDEX
(Reflects No
Deduction for Fees,
Expenses, or
Taxes) |
- |
|
|
RUSSELL
MIDCAP INDEX
(Reflects No
Deduction for Fees,
Expenses, or
Taxes) |
- |
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Yazann
Romahi |
2016 |
Managing
Director |
Joe
Staines |
2016 |
Executive
Director |
Yegang
(Steven) Wu |
2016 |
Executive
Director |
Natalia
Zvereva |
2022 |
Executive
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
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 |
Joe
Staines |
2016 |
Executive
Director |
Yegang
(Steven) Wu |
2016 |
Executive
Director |
Natalia
Zvereva |
2022 |
Executive
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life of
Fund
since |
|
1
Year |
5
Years |
|
SHARES |
|
|
|
Return Before
Taxes |
- |
|
|
Return After
Taxes on Distributions |
- |
|
|
Return After
Taxes on Distributions
and Sale of
Fund Shares |
- |
|
|
JP
MORGAN US MOMENTUM FAC-
TOR
INDEX
(Reflects No
Deduction for Fees,
Expenses, or
Taxes) |
- |
|
|
RUSSELL
1000 GROWTH INDEX
(Reflects No
Deduction for Fees,
Expenses, or
Taxes) |
- |
|
|
RUSSELL
1000 INDEX
(Reflects No
Deduction for Fees,
Expenses, or
Taxes) |
- |
|
|
Portfolio
Manager |
Managed
the
Fund
Since |
Primary
Title with
Investment
Adviser |
Yazann
Romahi |
2017 |
Managing
Director |
Joe
Staines |
2017 |
Executive
Director |
Yegang
(Steven) Wu |
2017 |
Executive
Director |
Natalia
Zvereva |
2022 |
Executive
Director |
| |
Management
Fees |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
SHARES
($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
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 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 |
Joe
Staines |
2017 |
Executive
Director |
Yegang
(Steven) Wu |
2017 |
Executive
Director |
Natalia
Zvereva |
2022 |
Executive
Director |
| |
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 US VALUE FACTOR
INDEX
(Reflects No
Deduction for Fees,
Expenses, or
Taxes) |
- |
|
|
RUSSELL
1000 VALUE 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 |
Joe
Staines |
2017 |
Executive
Director |
Yegang
(Steven) Wu |
2017 |
Executive
Director |
Natalia
Zvereva |
2022 |
Executive
Director |
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 |
|
|
|
|
|
|
|
|
• |
|
Cash
Transactions Risk |
|
|
|
|
|
|
|
|
|
• |
Concentration
Risk |
• |
• |
• |
• |
• |
• |
• |
• |
|
○ |
Consumer
Discretionary Sector Risk |
|
|
|
|
• |
|
|
|
|
|
Currency
Risk |
• |
• |
• |
• |
• |
|
|
|
|
• |
Cyber
Security Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Derivatives
Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Diversification
Risk |
• |
• |
• |
• |
• |
• |
• |
• |
|
|
Energy
Sector Risk |
• |
|
|
|
|
|
|
|
|
|
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 |
• |
• |
• |
• |
• |
|
|
|
|
• |
Healthcare
Sector Risk |
|
|
• |
|
|
|
|
• |
|
|
Index
Related Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Industrials
Sector Risk |
|
|
|
• |
• |
|
• |
• |
|
|
Industry and
Sector Focus Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Information
Technology Sector Risk |
|
|
|
|
|
• |
|
|
|
|
Large Cap
Company Risk |
• |
• |
• |
• |
• |
• |
|
|
• |
• |
Market
Trading Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Materials
Sector Risk |
|
• |
|
|
|
|
|
|
|
|
Momentum
Investing Risk |
|
|
|
|
|
|
|
|
|
○ |
Multiple
Factor Strategy Risk |
|
|
|
|
|
|
|
|
|
○ |
New Fund
Risk |
|
|
|
|
|
|
○ |
○ |
○ |
|
Passive
Management 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 |
Preferred
Securities Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Regulatory
and Legal Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Risk of
Investing in Quality Companies |
|
|
|
|
|
|
|
|
|
○ |
Sampling
Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Securities
Lending Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Smaller
Company Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Technology
Sector Risk |
|
|
|
|
|
|
|
|
• |
|
Transactions
and Liquidity Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Value
Investing 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.
Momentum
Factor ETF |
U.S. Quality
Factor ETF |
U.S. Value
Factor ETF |
Authorized
Participant Concentration Risk |
• |
• |
• |
• |
• |
• |
• |
Concentration
Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Currency
Risk |
• |
|
|
|
|
|
|
Cyber
Security Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Derivatives
Risk |
• |
• |
• |
• |
• |
• |
• |
Equity
Market Risk |
• |
• |
• |
• |
• |
• |
• |
Exchange-Traded
Fund (ETF) and Other Investment Company Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Foreign
Securities and Emerging Markets Risk |
• |
|
|
|
|
|
|
General
Market Risk |
• |
• |
• |
• |
• |
• |
• |
Geographic
Focus Risk |
• |
|
|
|
|
|
|
Index
Related Risk |
• |
• |
• |
• |
• |
• |
• |
Industry and
Sector Focus Risk |
• |
• |
• |
• |
• |
• |
• |
Large Cap
Company Risk |
• |
• |
|
|
• |
• |
• |
Market
Trading Risk |
• |
• |
• |
• |
• |
• |
• |
Momentum
Investing Risk |
○ |
○ |
○ |
○ |
• |
|
|
Multiple
Factor Strategy Risk |
○ |
○ |
○ |
○ |
|
|
|
Passive
Management Risk |
• |
• |
• |
• |
• |
• |
• |
Preferred
Securities Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Regulatory
and Legal Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Risk of
Investing in Quality Companies |
○ |
○ |
○ |
○ |
|
• |
|
Sampling
Risk |
• |
• |
• |
• |
• |
• |
• |
Securities
Lending Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Smaller
Company Risk |
• |
• |
• |
• |
• |
• |
• |
Technology
Sector Risk |
|
|
|
|
• |
• |
• |
Transactions
and Liquidity 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. 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 |
Total
distributions |
JPMorgan
BetaBuilders Canada ETF |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
$67.80 |
$1.59 |
$(10.53) |
$(8.94) |
$(1.56) |
$(1.56) |
Year
Ended October 31, 2021 (k) |
45.99 |
1.38 |
21.78 |
23.16 |
(1.35) |
(1.35) |
Year
Ended October 31, 2020 (k) |
49.78 |
1.29 |
(3.82) |
(2.53) |
(1.26) |
(1.26) |
Year
Ended October 31, 2019 (k) |
45.19 |
1.31 |
4.47 |
5.78 |
(1.19) |
(1.19) |
August
7, 2018 (j) through October 31, 2018 (k) |
49.31 |
0.29 |
(4.31) |
(4.02) |
(0.10) |
(0.10) |
JPMorgan
BetaBuilders Developed Asia Pacific ex-Japan ETF (formerly known
as
JPMorgan BetaBuilders Developed Asia ex-Japan ETF) |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
56.89 |
2.12 |
(12.86) |
(10.74) |
(3.39) |
(3.39) |
Year
Ended October 31, 2021 (k) |
44.97 |
2.44 |
11.48 |
13.92 |
(2.00) |
(2.00) |
Year
Ended October 31, 2020 (k) |
50.63 |
1.58 |
(5.65) |
(4.07) |
(1.59) |
(1.59) |
Year
Ended October 31, 2019 (k) |
45.36 |
2.10 |
5.17 |
7.27 |
(2.00) |
(2.00) |
August
7, 2018 (j) through October 31, 2018 (k) |
50.73 |
0.44 |
(5.48) |
(5.04) |
(0.33) |
(0.33) |
JPMorgan
BetaBuilders Europe ETF |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
59.74 |
1.78 |
(15.31) |
(13.53) |
(2.60) |
(2.60) |
Year
Ended October 31, 2021 (k) |
43.29 |
1.67 |
16.19 |
17.86 |
(1.41) |
(1.41) |
Year
Ended October 31, 2020 (k) |
48.71 |
1.08 |
(5.43) |
(4.35) |
(1.07) |
(1.07) |
Year
Ended October 31, 2019 (k) |
45.19 |
1.79 |
3.28 |
5.07 |
(1.55) |
(1.55) |
June
15, 2018 (j) through October 31, 2018 (k) |
49.58 |
0.26 |
(4.58) |
(4.32) |
(0.07) |
(0.07) |
JPMorgan
BetaBuilders International Equity ETF |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
60.53 |
1.51 |
(15.16) |
(13.65) |
(2.16) |
(2.16) |
Year
Ended October 31, 2021 |
46.20 |
1.67 |
14.10 |
15.77 |
(1.44) |
— |
December
3, 2019 (j) through October 31, 2020 |
49.79 |
1.05 |
(4.26)(i) |
(3.21) |
(0.38) |
— |
| |
(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) |
Prior to
December 9, 2019, 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 price used to
calculate the
market price return was the midpoint of the bid/ask spread at the close of
business on the listing exchange of the fund. Effective December 9, 2019,
the closing
price was used to calculate the market price return; however, any prices
used in the calculation for market price return prior to December 9, 2019,
would have
used the midpoint of the bid/ask spread at the close of business on the
exchange. |
(f) |
Prior to
November 1, 2019, the Fund may have waived fees if expenses exceeded the
expense cap. On November 1, 2019, the Fund adopted a unitary fee structure
where a
management fee is accrued by the fund based on prior day net assets and
other expenses are paid by the Advisor. |
(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. |
(h) |
Certain
non-recurring expenses incurred by the Fund were not annualized for the
period indicated. |
(i) |
Calculation
of the net realized and unrealized gains (losses) per share do not
correlate with the Fund’s net realized and unrealized gains (losses)
presented in the
Statement of
Operations due to the timing of capital transactions in relation to the
fluctuating market values of the Fund’s
investments. |
(j) |
Commencement
of operations. |
(k) |
Per share
amounts reflects a 1:2 reverse stock split that occurred on April 12,
2021. See Note 1. |
|
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) |
|
|
|
|
|
|
|
|
|
$57.30 |
$57.35 |
(13.34)% |
(13.49)% |
$5,644,273,295 |
0.19% |
2.51% |
0.19% |
5% |
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(f) |
7 |
45.19 |
45.24 |
(8.18) |
(8.05)(g) |
2,044,698,826 |
0.19(h) |
2.55 |
0.37(f)(h) |
1 |
|
|
|
|
|
|
|
|
|
42.76 |
42.79 |
(19.60) |
(19.87) |
3,412,010,904 |
0.20 |
4.17 |
0.20 |
14 |
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(f) |
7 |
45.36 |
45.38 |
(9.97) |
(9.93)(g) |
603,313,934 |
0.19(h) |
3.94 |
0.45(f)(h) |
2 |
|
|
|
|
|
|
|
|
|
43.61 |
43.62 |
(23.01) |
(23.22) |
3,527,687,759 |
0.10 |
3.36 |
0.10 |
7 |
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(f) |
7 |
45.19 |
45.28 |
(8.75) |
(8.55)(g) |
1,314,930,292 |
0.09(h) |
1.45 |
0.34(f)(h) |
2 |
|
|
|
|
|
|
|
|
|
44.72 |
44.75 |
(23.02) |
(23.11) |
2,710,097,518 |
0.07 |
2.88 |
0.07 |
6 |
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 |
|
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
BetaBuilders Japan ETF |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
$57.16 |
$1.03 |
$(14.91) |
$(13.88) |
$(1.59) |
$(1.59) |
Year
Ended October 31, 2021 (k) |
48.39 |
1.04 |
8.36 |
9.40 |
(0.63) |
— |
Year
Ended October 31, 2020 (k) |
49.07 |
0.84 |
(0.39) |
0.45 |
(1.13) |
— |
Year
Ended October 31, 2019 (k) |
45.45 |
0.97 |
2.93 |
3.90 |
(0.28) |
— |
June
15, 2018 (j) through October 31, 2018 (k) |
49.58 |
0.48 |
(4.61) |
(4.13) |
— |
— |
JPMorgan
BetaBuilders U.S. Equity ETF |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
84.15 |
1.11 |
(14.86) |
(13.75) |
(1.02) |
(1.02) |
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 (j) 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, 2022 |
93.59 |
1.03 |
(19.57) |
(18.54) |
(0.99) |
(0.99) |
Year
Ended October 31, 2021 |
64.16 |
0.90 |
29.27 |
30.17 |
(0.74) |
— |
April
14, 2020 (j) through October 31, 2020 |
50.78 |
0.33 |
13.32(i) |
13.65 |
(0.27) |
— |
JPMorgan
BetaBuilders U.S. Small Cap Equity ETF |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
67.49 |
0.77 |
(12.79) |
(12.02) |
(0.80) |
(0.80) |
November
16, 2020 (j) through October 31, 2021 |
51.27 |
0.62 |
16.04 |
16.66 |
(0.44) |
(0.44) |
JPMorgan
Carbon Transition U.S. Equity ETF |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
62.33 |
0.77 |
(9.94) |
(9.17) |
(0.79) |
(0.79) |
December
9, 2020 (j) through October 31, 2021 |
49.29 |
0.63 |
12.95 |
13.58 |
(0.54) |
(0.54) |
JPMorgan
Diversified Return Emerging Markets Equity ETF |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
56.99 |
2.21 |
(10.86) |
(8.65) |
(2.80) |
(2.80) |
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) |
— |
| |
(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) |
Prior to
December 9, 2019, 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 price used to
calculate the
market price return was the midpoint of the bid/ask spread at the close of
business on the listing exchange of the fund. Effective December 9, 2019,
the closing
price was used to calculate the market price return; however, any prices
used in the calculation for market price return prior to December 9, 2019,
would have
used the midpoint of the bid/ask spread at the close of business on the
exchange. |
(f) |
Prior to
November 1, 2019, the Fund may have waived fees if expenses exceeded the
expense cap. On November 1, 2019, the Fund adopted a unitary fee structure
where a
management fee is accrued by the fund based on prior day net assets and
other expenses are paid by the Advisor. |
(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. |
(h) |
Certain
non-recurring expenses incurred by the Fund were not annualized for the
period indicated. |
(i) |
Calculation
of the net realized and unrealized gains (losses) per share do not
correlate with the Fund’s net realized and unrealized gains (losses)
presented in the
Statement of
Operations due to the timing of capital transactions in relation to the
fluctuating market values of the Fund’s
investments. |
(j) |
Commencement
of operations. |
(k) |
Per share
amounts reflects a 1:2 reverse stock split that occurred on April 12,
2021. See Note 1. |
|
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) |
|
|
|
|
|
|
|
|
|
$41.69 |
$41.73 |
(24.96)% |
(24.95)% |
$6,211,237,563 |
0.19% |
2.10% |
0.19% |
4% |
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(f) |
4 |
45.45 |
45.36 |
(8.35) |
(8.51)(g) |
2,336,087,667 |
0.19(h) |
2.63 |
0.37(f)(h) |
5 |
|
|
|
|
|
|
|
|
|
69.38 |
69.42 |
(16.42) |
(16.33) |
1,276,523,608 |
0.02 |
1.47 |
0.02 |
4 |
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 |
|
|
|
|
|
|
|
|
|
74.06 |
73.92 |
(19.87) |
(20.10) |
1,390,564,346 |
0.07 |
1.29 |
0.07 |
30 |
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 |
|
|
|
|
|
|
|
|
|
54.67 |
54.38 |
(17.87) |
(18.39) |
494,762,260 |
0.09 |
1.35 |
0.09 |
30 |
67.49 |
67.56 |
32.56 |
32.70(g) |
442,061,490 |
0.09 |
0.98 |
0.09 |
27 |
|
|
|
|
|
|
|
|
|
52.37 |
52.38 |
(14.79) |
(14.79) |
20,947,681 |
0.15 |
1.35 |
0.15 |
16 |
62.33 |
62.34 |
27.68 |
27.70(g) |
24,933,394 |
0.15 |
1.26 |
0.15 |
27 |
|
|
|
|
|
|
|
|
|
45.54 |
45.81 |
(15.61) |
(15.20) |
163,926,226 |
0.44 |
4.19 |
0.44 |
33 |
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(f) |
51 |
50.91 |
50.83 |
(6.93) |
(7.43) |
213,804,252 |
0.45 |
2.80 |
0.96(f) |
53 |
|
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
Diversified Return International Equity ETF |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
$61.02 |
$1.91 |
$(15.62) |
$(13.71) |
$(2.87) |
$(2.87) |
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) |
— |
JPMorgan
Diversified Return U.S. Equity ETF |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
101.43 |
2.16 |
(7.56) |
(5.40) |
(2.09) |
(2.09) |
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) |
— |
JPMorgan
Diversified Return U.S. Mid Cap Equity ETF |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
92.23 |
1.60 |
(8.73) |
(7.13) |
(1.50) |
(1.50) |
Year
Ended October 31, 2021 |
64.77 |
1.30 |
27.36 |
28.66 |
(1.20) |
(1.20) |
Year
Ended October 31, 2020 |
67.13 |
1.18 |
(2.38) |
(1.20) |
(1.16) |
(1.16) |
Year
Ended October 31, 2019 |
62.24 |
1.18 |
4.78 |
5.96 |
(1.07) |
(1.07) |
Year
Ended October 31, 2018 |
62.06 |
1.06 |
0.59 |
1.65 |
(1.47) |
(1.47) |
JPMorgan
Diversified Return U.S. Small Cap Equity ETF |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
45.20 |
0.64 |
(5.41) |
(4.77) |
(0.58) |
(0.58) |
Year
Ended October 31, 2021 |
28.87 |
0.46 |
16.35 |
16.81 |
(0.48) |
(0.48) |
Year
Ended October 31, 2020 |
30.84 |
0.44 |
(2.01) |
(1.57) |
(0.40) |
(0.40) |
Year
Ended October 31, 2019 |
29.58 |
0.42 |
1.22 |
1.64 |
(0.38) |
(0.38) |
Year
Ended October 31, 2018 |
28.95 |
0.33 |
0.73 |
1.06 |
(0.43) |
(0.43) |
JPMorgan
U.S. Momentum Factor ETF |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
47.71 |
0.50 |
(9.53) |
(9.03) |
(0.46) |
(0.46) |
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 (i) through October 31, 2018 |
25.00 |
0.35 |
0.95 |
1.30 |
(0.32) |
— |
| |
(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) |
Prior to
December 9, 2019, 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 price used to
calculate the
market price return was the midpoint of the bid/ask spread at the close of
business on the listing exchange of the fund. Effective December 9, 2019,
the closing
price was used to calculate the market price return; however, any prices
used in the calculation for market price return prior to December 9, 2019,
would have
used the midpoint of the bid/ask spread at the close of business on the
exchange. |
(f) |
Prior to
November 1, 2019, the Fund may have waived fees if expenses exceeded the
expense cap. On November 1, 2019, the Fund adopted a unitary fee structure
where a
management fee is accrued by the fund based on prior day net assets and
other expenses are paid by the Advisor. |
(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. |
(h) |
Certain
non-recurring expenses incurred by the Fund were not annualized for the
period indicated. |
(i) |
Commencement
of operations. |
|
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) |
|
|
|
|
|
|
|
|
|
$44.44 |
$44.54 |
(23.25)% |
(23.15)% |
$671,062,140 |
0.37% |
3.59% |
0.37% |
28% |
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(f) |
25 |
53.10 |
52.98 |
(6.72) |
(7.22) |
1,444,332,261 |
0.40 |
2.57 |
0.44(f) |
28 |
|
|
|
|
|
|
|
|
|
93.94 |
94.05 |
(5.36) |
(5.28) |
507,282,453 |
0.18 |
2.18 |
0.18 |
22 |
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(f) |
24 |
69.92 |
69.93 |
4.74 |
4.70 |
559,362,329 |
0.19 |
1.95 |
0.41(f) |
32 |
|
|
|
|
|
|
|
|
|
83.60 |
83.55 |
(7.78) |
(7.90) |
267,520,530 |
0.24 |
1.82 |
0.24 |
24 |
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 |
9.780 |
187,973,791 |
0.24 |
1.82 |
0.43(f) |
25 |
62.24 |
62.25 |
2.59 |
2.57 |
112,028,180 |
0.24 |
1.64 |
0.50(f) |
35 |
|
|
|
|
|
|
|
|
|
39.85 |
39.93 |
(10.59) |
(10.49) |
286,932,997 |
0.29 |
1.55 |
0.29 |
26 |
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(f) |
43 |
29.58 |
29.58 |
3.61 |
3.43 |
96,135,254 |
0.29 |
1.08 |
0.61(f) |
30 |
|
|
|
|
|
|
|
|
|
38.22 |
38.25 |
(18.97) |
(18.86) |
229,323,118 |
0.12 |
1.20 |
0.12 |
43 |
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(f) |
52 |
25.98 |
25.99 |
5.17 |
5.21(g) |
28,575,370 |
0.12(g) |
1.32 |
0.74(f)(h) |
44 |
|
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
U.S. Quality Factor ETF |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
$43.45 |
$0.66 |
$(5.34) |
$(4.68) |
$(0.63) |
$(0.63) |
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 (i) through October 31, 2018 |
25.00 |
0.52 |
1.52 |
2.04 |
(0.48) |
— |
JPMorgan
U.S. Value Factor ETF |
|
|
|
|
|
|
Year
Ended October 31, 2022 |
37.09 |
0.80 |
(4.19) |
(3.39) |
(0.80) |
(0.80) |
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 (i) through October 31, 2018 |
25.00 |
0.64 |
0.16 |
0.80 |
(0.59) |
— |
| |
(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) |
Prior to
December 9, 2019, 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 price used to
calculate the
market price return was the midpoint of the bid/ask spread at the close of
business on the listing exchange of the fund. Effective December 9, 2019,
the closing
price was used to calculate the market price return; however, any prices
used in the calculation for market price return prior to December 9, 2019,
would have
used the midpoint of the bid/ask spread at the close of business on the
exchange. |
(f) |
Prior to
November 1, 2019, the Fund may have waived fees if expenses exceeded the
expense cap. On November 1, 2019, the Fund adopted a unitary fee structure
where a
management fee is accrued by the fund based on prior day net assets and
other expenses are paid by the Advisor. |
(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. |
(h) |
Certain
non-recurring expenses incurred by the Fund were not annualized for the
period indicated. |
(i) |
Commencement
of operations. |
|
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) |
|
|
|
|
|
|
|
|
|
$38.14 |
$38.16 |
(10.84)% |
(10.85)% |
$579,728,107 |
0.12% |
1.64% |
0.12% |
18% |
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(f) |
21 |
26.56 |
26.56 |
8.15 |
8.15(f) |
29,215,267 |
0.12(h) |
2.01 |
0.74(f)(h) |
22 |
|
|
|
|
|
|
|
|
|
32.90 |
32.88 |
(9.21) |
(9.24) |
444,083,720 |
0.12 |
2.28 |
0.12 |
21 |
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(f) |
22 |
25.21 |
25.21 |
3.12 |
3.12(f) |
28,986,509 |
0.12(h) |
2.52 |
0.75(f)(h) |
26 |