This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders U.S. TIPS 0-5 Year ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan BetaBuilders U.S. TIPS 0-5 Year ETF	$4	0.07%

*	This charge is annualized.

0.07%

^[1]

28

KEY FUND STATISTICS

Fund net assets	$1,466,751
Total number of portfolio holdings	$28
Portfolio turnover rate	$17	%

JPMorgan Sustainable Municipal Income ETF

JMSI

This semi-annual shareholder report contains important information about the JPMorgan Sustainable Municipal Income ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan Sustainable Municipal Income ETF	$8	0.17%

*	This charge is annualized.

0.17%

^[2]

168

KEY FUND STATISTICS

Fund net assets	$218,780,640
Total number of portfolio holdings	$168
Portfolio turnover rate	$41	%

JPMorgan International Bond Opportunities ETF

JPIB

This semi-annual shareholder report contains important information about the JPMorgan International Bond Opportunities ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan International Bond Opportunities ETF	$26	0.50%

*	This charge is annualized.

0.50%

^[3]

825

KEY FUND STATISTICS

Fund net assets	$474,891,216
Total number of portfolio holdings	$825
Portfolio turnover rate	$25	%

JPMorgan Active Bond ETF

JBND

This semi-annual shareholder report contains important information about the JPMorgan Active Bond ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan Active Bond ETF	$14	0.27%

*	This charge is annualized.

0.27%

^[4]

776

KEY FUND STATISTICS

Fund net assets	$543,392,775
Total number of portfolio holdings	$776
Portfolio turnover rate	$52	%

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

BBHY

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders USD High Yield Corporate Bond ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	$8	0.15%

*	This charge is annualized.

0.15%

^[5]

1,453

KEY FUND STATISTICS

Fund net assets	$1,290,922,572
Total number of portfolio holdings	$1,453
Portfolio turnover rate	$21	%

JPMorgan USD Emerging Markets Sovereign Bond ETF

JPMB

This semi-annual shareholder report contains important information about the JPMorgan USD Emerging Markets Sovereign Bond ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan USD Emerging Markets Sovereign Bond ETF	$20	0.39%

*	This charge is annualized.

0.39%

^[6]

422

KEY FUND STATISTICS

Fund net assets	$635,948,461
Total number of portfolio holdings	$422
Portfolio turnover rate	$11	%

JPMorgan Municipal ETF

JMUB

This semi-annual shareholder report contains important information about the JPMorgan Municipal ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan Municipal ETF	$9	0.17%

*	This charge is annualized.

0.17%

^[7]

891

KEY FUND STATISTICS

Fund net assets	$1,677,586,329
Total number of portfolio holdings	$891
Portfolio turnover rate	$24	%

JPMorgan Realty Income ETF

JPRE

This semi-annual shareholder report contains important information about the JPMorgan Realty Income ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan Realty Income ETF	$27	0.50%

*	This charge is annualized.

0.50%

^[8]

30

KEY FUND STATISTICS

Fund net assets	$387,539,138
Total number of portfolio holdings	$30
Portfolio turnover rate	$39	%

JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF

BBLB

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF	$4	0.07%

*	This charge is annualized.

0.07%

^[9]

41

KEY FUND STATISTICS

Fund net assets	$25,031,494
Total number of portfolio holdings	$41
Portfolio turnover rate	$11	%

JPMorgan Limited Duration Bond ETF

JPLD

This semi-annual shareholder report contains important information about the JPMorgan Limited Duration Bond ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan Limited Duration Bond ETF	$12	0.23%

*	This charge is annualized.

0.23%

^[10]

325

KEY FUND STATISTICS

Fund net assets	$757,842,643
Total number of portfolio holdings	$325
Portfolio turnover rate	$16	%

JPMorgan BetaBuilders U.S. Aggregate Bond ETF

BBAG

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders U.S. Aggregate Bond ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan BetaBuilders U.S. Aggregate Bond ETF	$1	0.03%

*	This charge is annualized.

0.03%

^[11]

2,319

KEY FUND STATISTICS

Fund net assets	$1,421,896,420
Total number of portfolio holdings	$2,319
Portfolio turnover rate	$51	%

JPMorgan Income ETF

JPIE

This semi-annual shareholder report contains important information about the JPMorgan Income ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan Income ETF	$20	0.39%

*	This charge is annualized.

0.39%

^[12]

1,548

KEY FUND STATISTICS

Fund net assets	$1,879,997,257
Total number of portfolio holdings	$1,548
Portfolio turnover rate	$80	%

JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF

BBSB

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	$4	0.07%

*	This charge is annualized.

0.07%

^[13]

84

KEY FUND STATISTICS

Fund net assets	$2,973,627
Total number of portfolio holdings	$84
Portfolio turnover rate	$31	%

JPMorgan Core Plus Bond ETF

JCPB

This semi-annual shareholder report contains important information about the JPMorgan Core Plus Bond ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan Core Plus Bond ETF	$20	0.38%

*	This charge is annualized.

0.38%

^[14]

2,420

KEY FUND STATISTICS

Fund net assets	$3,855,288,381
Total number of portfolio holdings	$2,420
Portfolio turnover rate	$54	%

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF

BBCB

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF	$5	0.09%

*	This charge is annualized.

0.09%

^[15]

987

KEY FUND STATISTICS

Fund net assets	$46,286,439
Total number of portfolio holdings	$987
Portfolio turnover rate	$7	%

JPMorgan Short Duration Core Plus ETF

JSCP

This semi-annual shareholder report contains important information about the JPMorgan Short Duration Core Plus ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan Short Duration Core Plus ETF	$17	0.33%

*	This charge is annualized.

0.33%

^[16]

868

KEY FUND STATISTICS

Fund net assets	$443,618,310
Total number of portfolio holdings	$868
Portfolio turnover rate	$34	%

JPMorgan Ultra-Short Income ETF

JPST

This semi-annual shareholder report contains important information about the JPMorgan Ultra-Short Income ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan Ultra-Short Income ETF	$9	0.18%

*	This charge is annualized.

0.18%

^[17]

685

KEY FUND STATISTICS

Fund net assets	$25,376,225,121
Total number of portfolio holdings	$685
Portfolio turnover rate	$32	%

JPMorgan BetaBuilders MSCI US REIT ETF

BBRE

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders MSCI US REIT ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan BetaBuilders MSCI US REIT ETF	$6	0.11%

*	This charge is annualized.

0.11%

^[18]

122

KEY FUND STATISTICS

Fund net assets	$871,643,752
Total number of portfolio holdings	$122
Portfolio turnover rate	$2	%

JPMorgan Ultra-Short Municipal Income ETF

JMST

This semi-annual shareholder report contains important information about the JPMorgan Ultra-Short Municipal Income ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan Ultra-Short Municipal Income ETF	$9	0.17%

*	This charge is annualized.

0.17%

^[19]

2,462

KEY FUND STATISTICS

Fund net assets	$2,773,935,102
Total number of portfolio holdings	$2,462
Portfolio turnover rate	$36	%

JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF

BBSA

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF	$3	0.05%

*	This charge is annualized.

0.05%

^[20]

410

KEY FUND STATISTICS

Fund net assets	$14,522,444
Total number of portfolio holdings	$410
Portfolio turnover rate	$23	%

JPMorgan Inflation Managed Bond ETF

JCPI

This semi-annual shareholder report contains important information about the JPMorgan Inflation Managed Bond ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan Inflation Managed Bond ETF	$13	0.24%

*	This charge is annualized.

0.24%

^[21]

788

KEY FUND STATISTICS

Fund net assets	$669,828,714
Total number of portfolio holdings	$788
Portfolio turnover rate	$49	%

JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF

BBIB

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF	$4	0.07%

*	This charge is annualized.

0.07%

^[22]

87

KEY FUND STATISTICS

Fund net assets	$6,202,183
Total number of portfolio holdings	$87
Portfolio turnover rate	$13	%

JPMorgan High Yield Municipal ETF

JMHI

This semi-annual shareholder report contains important information about the JPMorgan High Yield Municipal ETF for the period of March 1, 2024 to August 31, 2024.

You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^*
JPMorgan High Yield Municipal ETF	$17	0.34%

*	This charge is annualized.

0.34%

^[23]

138