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Morgan Exchange-Traded Fund Trust 2024-08-31 JPMorgan BetaBuilders MSCI US REIT ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="break-inside: avoid;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> </div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan BetaBuilders MSCI US REIT ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>6</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.11<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 6 0.0011 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>871,643,752</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>122</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>2</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 871643752 122 0.02 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION - SECTOR<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3870486.jpg" style="width: 275pt;"/> </div> JPMorgan Inflation Managed Bond ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan Inflation Managed Bond ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>13</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.24<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 13 0.0024 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>669,828,714</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>788</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>49</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 669828714 788 0.49 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION -<span style="white-space: nowrap;"> </span>ASSET CLASS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3870054.jpg" style="width: 275pt;"/> </div> JPMorgan Realty Income ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan Realty Income ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>27</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.50<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 27 0.0050 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>387,539,138</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>30</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>39</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 387539138 30 0.39 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION - SECTOR<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3869877.jpg" style="width: 275pt;"/> </div> JPMorgan High Yield Municipal ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan High Yield Municipal ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>17</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.34<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 17 0.0034 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>174,334,211</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>138</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>45</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 174334211 138 0.45 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">CREDIT QUALITY ALLOCATIONS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3869517.jpg" style="width: 275pt;"/> </div> JPMorgan Sustainable Municipal Income ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan Sustainable Municipal Income ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>8</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.17<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 8 0.0017 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>218,780,640</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>168</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>41</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 218780640 168 0.41 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">CREDIT QUALITY ALLOCATIONS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3869334.jpg" style="width: 275pt;"/> </div> JPMorgan Limited Duration Bond ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan Limited Duration Bond ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>12</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.23<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 12 0.0023 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>757,842,643</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>325</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>16</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 757842643 325 0.16 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION -<span style="white-space: nowrap;"> </span>ASSET CLASS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3869118.jpg" style="width: 275pt;"/> </div> JPMorgan International Bond Opportunities ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan International Bond Opportunities ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>26</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.50<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 26 0.0050 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>474,891,216</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>825</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>25</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 474891216 825 0.25 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION -<span style="white-space: nowrap;"> </span>ASSET CLASS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3870381.jpg" style="width: 275pt;"/> </div> JPMorgan Ultra-Short Municipal Income ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan Ultra-Short Municipal Income ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>9</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.17<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 9 0.0017 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>2,773,935,102</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>2,462</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>36</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 2773935102 2462 0.36 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">CREDIT QUALITY ALLOCATIONS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3870342.jpg" style="width: 275pt;"/> </div> JPMorgan Core Plus Bond ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan Core Plus Bond ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>20</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.38<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 20 0.0038 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>3,855,288,381</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>2,420</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>54</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 3855288381 2420 0.54 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION -<span style="white-space: nowrap;"> </span>ASSET CLASS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3870309.jpg" style="width: 275pt;"/> </div> JPMorgan Ultra-Short Income ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan Ultra-Short Income ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>9</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.18<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 9 0.0018 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>25,376,225,121</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>685</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>32</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 25376225121 685 0.32 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION -<span style="white-space: nowrap;"> </span>ASSET CLASS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3870270.jpg" style="width: 275pt;"/> </div> JPMorgan Municipal ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan Municipal ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>9</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.17<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 9 0.0017 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>1,677,586,329</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>891</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>24</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 1677586329 891 0.24 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">CREDIT QUALITY ALLOCATIONS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3870237.jpg" style="width: 275pt;"/> </div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; height: 12pt;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; font-family: 'Arial'; color: #000000; font-size: 9pt; width: 6%; padding: 6pt 0 3pt 0;">(a)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; width: 10pt; padding: 6pt 0 3pt 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 9pt; text-align: left; margin-bottom: 0px;">Amount rounds to less than 0.1%.</div> </td> </tr> </table> JPMorgan Short Duration Core Plus ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan Short Duration Core Plus ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>17</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.33<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 17 0.0033 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>443,618,310</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>868</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>34</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 443618310 868 0.34 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION -<span style="white-space: nowrap;"> </span>ASSET CLASS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3870126.jpg" style="width: 275pt;"/> </div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; height: 12pt;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; font-family: 'Arial'; color: #000000; font-size: 9pt; width: 6%; padding: 6pt 0 3pt 0;">(a)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; width: 10pt; padding: 6pt 0 3pt 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 9pt; text-align: left; margin-bottom: 0px;">Amount rounds to less than 0.1%.</div> </td> </tr> </table> JPMorgan Income ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="break-inside: avoid;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> </div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan Income ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>20</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.39<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 20 0.0039 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>1,879,997,257</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>1,548</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>80</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 1879997257 1548 0.80 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION -<span style="white-space: nowrap;"> </span>ASSET CLASS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3870093.jpg" style="width: 275pt;"/> </div> JPMorgan Active Bond ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan Active Bond ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>14</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.27<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 14 0.0027 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>543,392,775</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>776</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>52</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 543392775 776 0.52 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION -<span style="white-space: nowrap;"> </span>ASSET CLASS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3868902.jpg" style="width: 275pt;"/> </div> JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>5</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.09<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 5 0.0009 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>46,286,439</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>987</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>7</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 46286439 987 0.07 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION - SECTOR<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3870525.jpg" style="width: 275pt;"/> </div> JPMorgan BetaBuilders USD High Yield Corporate Bond ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan BetaBuilders USD High Yield Corporate Bond ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>8</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.15<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 8 0.0015 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0; white-space: nowrap;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>1,290,922,572</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>1,453</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>21</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 1290922572 1453 0.21 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION -<span style="white-space: nowrap;"> </span>ASSET CLASS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3870453.jpg" style="width: 275pt;"/> </div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; height: 12pt;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; font-family: 'Arial'; color: #000000; font-size: 9pt; width: 6%; padding: 6pt 0 3pt 0;">(a)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; width: 10pt; padding: 6pt 0 3pt 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 9pt; text-align: left; margin-bottom: 0px;">Amount rounds to less than 0.1%.</div> </td> </tr> </table> JPMorgan USD Emerging Markets Sovereign Bond ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan USD Emerging Markets Sovereign Bond ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>20</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.39<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 20 0.0039 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>635,948,461</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>422</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>11</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 635948461 422 0.11 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION - COUNTRY<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3870414.jpg" style="width: 275pt;"/> </div> JPMorgan BetaBuilders U.S. Aggregate Bond ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan BetaBuilders U.S. Aggregate Bond ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>1</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.03<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 1 0.0003 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>1,421,896,420</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>2,319</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>51</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 1421896420 2319 0.51 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION -<span style="white-space: nowrap;"> </span>ASSET CLASS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3870198.jpg" style="width: 275pt;"/> </div> JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>3</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.05<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 3 0.0005 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0; white-space: nowrap;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>14,522,444</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>410</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>23</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 14522444 410 0.23 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION -<span style="white-space: nowrap;"> </span>ASSET CLASS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3870165.jpg" style="width: 275pt;"/> </div> JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>4</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.07<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 4 0.0007 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>6,202,183</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>87</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>13</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 6202183 87 0.13 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION -<span style="white-space: nowrap;"> </span>ASSET CLASS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3869661.jpg" style="width: 275pt;"/> </div> JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>4</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.07<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 4 0.0007 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>25,031,494</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>41</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>11</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 25031494 41 0.11 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION -<span style="white-space: nowrap;"> </span>ASSET CLASS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3869622.jpg" style="width: 275pt;"/> </div> JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>4</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.07<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 4 0.0007 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>2,973,627</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>84</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>31</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 2973627 84 0.31 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION -<span style="white-space: nowrap;"> </span>ASSET CLASS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3869589.jpg" style="width: 275pt;"/> </div> JPMorgan BetaBuilders U.S. TIPS 0-5 Year ETF JPMorgan BetaBuilders U.S. TIPS 0-5 Year ETF BBIP 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. semi-annual shareholder report 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. www.jpmorganfunds.com/funddocuments 1-844-457-6383 jpm.xf@jpmorgan.com <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt;">What were the Fund costs for the last six months?</div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 9pt;">(based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; border-bottom-style: solid; border-bottom-width: 1pt; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: left; padding: 6pt 0 3pt 0;">Fund</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs of a<br/>$10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; font-weight: bold; vertical-align: bottom; text-align: center; padding: 6pt 0 3pt 0;">Costs paid as a percentage<br/>of a $10,000 investment^*</td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: left; padding: 6pt 0 3pt 0;">JPMorgan BetaBuilders U.S. TIPS 0-5 Year ETF</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;"><span style="float: none;">$</span>4</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 9pt; text-align: center; vertical-align: bottom; padding: 6pt 0 3pt 0;">0.07<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none; background-color: #f5f7f8; background-image: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; text-align: left; padding: 6pt 0 3pt 0;">*</td> <td style="break-inside: avoid-page; vertical-align: top; text-align: center; padding: 6pt 0 3pt 0;"> <div style="font-family: 'arial'; color: #000000; font-size: 9pt; margin-bottom: 10pt; text-align: left; margin-top: 3pt;">This charge is annualized.</div> </td> </tr> </table> 4 0.0007 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-top: 5pt; font-weight: bold; margin-bottom: 0px;"><br/>KEY FUND STATISTICS</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0; white-space: nowrap;"><span style="float: none;">$</span>1,466,751</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>28</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"></td> </tr> <tr style="break-inside: avoid-page; height: 20pt; border-bottom-width: 0.5pt; border-bottom-color: #000000; border-bottom-style: solid; font-size: 9pt;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 9pt; width: auto; text-align: left; font-family: 'Arial'; font-weight: bold; padding: 6pt 0 3pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; font-family: 'Arial'; color: #000000; font-weight: normal; width: auto; font-size: 9pt; padding: 6pt 0 3pt 0;"><span style="visibility: hidden; display: none; float: none;">$</span>17</td> <td style="break-inside: avoid-page; vertical-align: middle; font-family: 'Arial'; color: #000000; text-align: left; border-left-color: initial; border-left-style: none; border-left-width: 0; font-weight: normal; font-size: 9pt; padding: 6pt 0 3pt 0;"><span>%</span></td> </tr> </table> 1466751 28 0.17 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; letter-spacing: 1.25px; text-transform: none; font-size: 9pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; font-weight: bold; margin-top: 3pt;">PORTFOLIO COMPOSITION -<span style="white-space: nowrap;"> </span>ASSET CLASS<br/>(% of Total Investments)</div> <div style="padding-left: 10pt; padding-right: 0px;"> <img alt="Graphical Representation - Allocation 1 Chart" src="g781441chartimages_3869550.jpg" style="width: 275pt;"/> </div> Amount rounds to less than 0.1%. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. Amount rounds to less than 0.1%. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. This charge is annualized. Amount rounds to less than 0.1%.