This semi-annual shareholder report contains important information about the JPMorgan Diversified Return International Equity ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Diversified Return International Equity ETF	$19	0.37%

*	This charge is annualized.

0.37%

^[1]

456

KEY FUND STATISTICS

Fund net assets	$362,694,665
Total number of portfolio holdings	456
Portfolio turnover rate	13	%

JPMorgan Diversified Return Emerging Markets Equity ETF

JPEM

This semi-annual shareholder report contains important information about the JPMorgan Diversified Return Emerging Markets Equity ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Diversified Return Emerging Markets Equity ETF	$23	0.44%

*	This charge is annualized.

0.44%

^[2]

544

KEY FUND STATISTICS

Fund net assets	$389,935,548
Total number of portfolio holdings	544
Portfolio turnover rate	15	%

JPMorgan Diversified Return U.S. Equity ETF

JPUS

This semi-annual shareholder report contains important information about the JPMorgan Diversified Return U.S. Equity ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Diversified Return U.S. Equity ETF	$10	0.18%

*	This charge is annualized.

0.18%

^[3]

375

KEY FUND STATISTICS

Fund net assets	$442,362,477
Total number of portfolio holdings	375
Portfolio turnover rate	12	%

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

JPME

This semi-annual shareholder report contains important information about the JPMorgan Diversified Return U.S. Mid Cap Equity ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Diversified Return U.S. Mid Cap Equity ETF	$13	0.24%

*	This charge is annualized.

0.24%

^[4]

355

KEY FUND STATISTICS

Fund net assets	$439,983,140
Total number of portfolio holdings	355
Portfolio turnover rate	12	%

JPMorgan Diversified Return U.S. Small Cap Equity ETF

JPSE

This semi-annual shareholder report contains important information about the JPMorgan Diversified Return U.S. Small Cap Equity ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Diversified Return U.S. Small Cap Equity ETF	$16	0.29%

*	This charge is annualized.

0.29%

^[5]

555

KEY FUND STATISTICS

Fund net assets	$586,928,796
Total number of portfolio holdings	555
Portfolio turnover rate	14	%

JPMorgan U.S. Momentum Factor ETF

JMOM

This semi-annual shareholder report contains important information about the JPMorgan U.S. Momentum Factor ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan U.S. Momentum Factor ETF	$6	0.12%

*	This charge is annualized.

0.12%

^[6]

278

KEY FUND STATISTICS

Fund net assets	$2,183,888,059
Total number of portfolio holdings	278
Portfolio turnover rate	19	%

JPMorgan U.S. Value Factor ETF

JVAL

This semi-annual shareholder report contains important information about the JPMorgan U.S. Value Factor ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan U.S. Value Factor ETF	$6	0.12%

*	This charge is annualized.

0.12%

^[7]

388

KEY FUND STATISTICS

Fund net assets	$732,958,626
Total number of portfolio holdings	388
Portfolio turnover rate	10	%

JPMorgan U.S. Quality Factor ETF

JQUA

This semi-annual shareholder report contains important information about the JPMorgan U.S. Quality Factor ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan U.S. Quality Factor ETF	$6	0.12%

*	This charge is annualized.

0.12%

^[8]

293

KEY FUND STATISTICS

Fund net assets	$7,465,905,348
Total number of portfolio holdings	293
Portfolio turnover rate	9	%

JPMorgan BetaBuilders Canada ETF

BBCA

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders Canada ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders Canada ETF	$10	0.19%

*	This charge is annualized.

0.19%

^[9]

79

KEY FUND STATISTICS

Fund net assets	$10,710,095,517
Total number of portfolio holdings	79
Portfolio turnover rate	4	%

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

BBAX

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF	$10	0.19%

*	This charge is annualized.

0.19%

^[10]

99

KEY FUND STATISTICS

Fund net assets	$6,393,109,506
Total number of portfolio holdings	99
Portfolio turnover rate	2	%

JPMorgan BetaBuilders Europe ETF

BBEU

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders Europe ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders Europe ETF	$5	0.09%

*	This charge is annualized.

0.09%

^[11]

370

KEY FUND STATISTICS

Fund net assets	$8,976,120,500
Total number of portfolio holdings	370
Portfolio turnover rate	2	%

JPMorgan BetaBuilders Japan ETF

BBJP

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders Japan ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders Japan ETF	$10	0.19%

*	This charge is annualized.

0.19%

^[12]

181

KEY FUND STATISTICS

Fund net assets	$16,591,940,653
Total number of portfolio holdings	181
Portfolio turnover rate	1	%

JPMorgan BetaBuilders U.S. Equity ETF

BBUS

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders U.S. Equity ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders U.S. Equity ETF	$1	0.02%

*	This charge is annualized.

0.02%

^[13]

497

KEY FUND STATISTICS

Fund net assets	$7,850,160,104
Total number of portfolio holdings	497
Portfolio turnover rate	1	%

JPMorgan BetaBuilders International Equity ETF

BBIN

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders International Equity ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders International Equity ETF	$4	0.07%

*	This charge is annualized.

0.07%

^[14]

654

KEY FUND STATISTICS

Fund net assets	$6,330,986,910
Total number of portfolio holdings	654
Portfolio turnover rate	2	%

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

BBMC

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	$4	0.07%

*	This charge is annualized.

0.07%

^[15]

559

KEY FUND STATISTICS

Fund net assets	$2,030,093,979
Total number of portfolio holdings	559
Portfolio turnover rate	16	%

JPMorgan International Growth ETF

JIG

This semi-annual shareholder report contains important information about the JPMorgan International Growth ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan International Growth ETF	$28	0.55%

*	This charge is annualized.

0.55%

^[16]

92

KEY FUND STATISTICS

Fund net assets	$428,587,931
Total number of portfolio holdings	92
Portfolio turnover rate	37	%

JPMorgan BetaBuilders U.S. Small Cap Equity ETF

BBSC

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders U.S. Small Cap Equity ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders U.S. Small Cap Equity ETF	$5	0.09%

*	This charge is annualized.

0.09%

^[17]

736

KEY FUND STATISTICS

Fund net assets	$731,919,149
Total number of portfolio holdings	736
Portfolio turnover rate	14	%

JPMorgan ActiveBuilders Emerging Markets Equity ETF

JEMA

This semi-annual shareholder report contains important information about the JPMorgan ActiveBuilders Emerging Markets Equity ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan ActiveBuilders Emerging Markets Equity ETF	$18	0.33%

*	This charge is annualized.

0.33%

^[18]

525

KEY FUND STATISTICS

Fund net assets	$1,603,629,976
Total number of portfolio holdings	525
Portfolio turnover rate	19	%

JPMorgan International Research Enhanced Equity ETF

JIRE

This semi-annual shareholder report contains important information about the JPMorgan International Research Enhanced Equity ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan International Research Enhanced Equity ETF	$12	0.24%

*	This charge is annualized.

0.24%

^[19]

207

KEY FUND STATISTICS

Fund net assets	$10,585,146,585
Total number of portfolio holdings	207
Portfolio turnover rate	11	%

JPMorgan BetaBuilders Emerging Markets Equity ETF

BBEM

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders Emerging Markets Equity ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders Emerging Markets Equity ETF	$8	0.15%

*	This charge is annualized.

0.15%

^[20]

1,109

KEY FUND STATISTICS

Fund net assets	$834,567,088
Total number of portfolio holdings	1,109
Portfolio turnover rate	8	%

JPMorgan Active China ETF

JCHI

This semi-annual shareholder report contains important information about the JPMorgan Active China ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Active China ETF	$32	0.65%

*	This charge is annualized.

0.65%

^[21]

48

KEY FUND STATISTICS

Fund net assets	$15,230,277
Total number of portfolio holdings	48
Portfolio turnover rate	40	%

JPMorgan Healthcare Leaders ETF

JDOC

This semi-annual shareholder report contains important information about the JPMorgan Healthcare Leaders ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Healthcare Leaders ETF	$33	0.65%

*	This charge is annualized.

0.65%

^[22]

61

KEY FUND STATISTICS

Fund net assets	$11,124,653
Total number of portfolio holdings	61
Portfolio turnover rate	41	%

JPMorgan Global Select Equity ETF

JGLO

This semi-annual shareholder report contains important information about the JPMorgan Global Select Equity ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Global Select Equity ETF	$24	0.47%

*	This charge is annualized.

0.47%

^[23]

76

KEY FUND STATISTICS

Fund net assets	$7,111,177,322
Total number of portfolio holdings	76
Portfolio turnover rate	57	%

JPMorgan International Value ETF

JIVE

This semi-annual shareholder report contains important information about the JPMorgan International Value ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan International Value ETF	$30	0.54%

*	This charge is annualized.

0.54%

^[24]

352

KEY FUND STATISTICS

Fund net assets	$2,487,659,171
Total number of portfolio holdings	352
Portfolio turnover rate	31	%

JPMorgan Hedged Equity Laddered Overlay ETF

HELO

This semi-annual shareholder report contains important information about the JPMorgan Hedged Equity Laddered Overlay ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Hedged Equity Laddered Overlay ETF	$25	0.50%

*	This charge is annualized.

0.50%

^[25]

167

KEY FUND STATISTICS

Fund net assets	$4,017,047,275
Total number of portfolio holdings	167
Portfolio turnover rate	13	%

JPMorgan Active Developing Markets Equity ETF

JADE

This semi-annual shareholder report contains important information about the JPMorgan Active Developing Markets Equity ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Active Developing Markets Equity ETF	$35	0.65%

*	This charge is annualized.

0.65%

^[26]

136

KEY FUND STATISTICS

Fund net assets	$29,401,416
Total number of portfolio holdings	136
Portfolio turnover rate	18	%

JPMorgan Dividend Leaders ETF

JDIV

This semi-annual shareholder report contains important information about the JPMorgan Dividend Leaders ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Dividend Leaders ETF	$24	0.47%

*	This charge is annualized.

0.47%

^[27]

80

KEY FUND STATISTICS

Fund net assets	$11,221,870
Total number of portfolio holdings	80
Portfolio turnover rate	37	%

JPMorgan Flexible Income ETF

JFLI

This semi-annual shareholder report contains important information about the JPMorgan Flexible Income ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Flexible Income ETF	$12	0.23%

*	This charge is annualized.

0.23%

^[28]

585

KEY FUND STATISTICS

Fund net assets	$44,873,326
Total number of portfolio holdings	585
Portfolio turnover rate	42	%

JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF

HEQQ

This semi-annual shareholder report contains important information about the JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	$25	0.50%

*	This charge is annualized.

0.50%

^[29]

105

KEY FUND STATISTICS

Fund net assets	$31,639,641
Total number of portfolio holdings	105
Portfolio turnover rate	9	%

JPMorgan International Hedged Equity Laddered Overlay ETF

HOLA

This semi-annual shareholder report contains important information about the JPMorgan International Hedged Equity Laddered Overlay ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan International Hedged Equity Laddered Overlay ETF	$23	0.45%

*	This charge is annualized.

0.45%

^[30]

215

KEY FUND STATISTICS

Fund net assets	$280,611,253
Total number of portfolio holdings	215
Portfolio turnover rate	12	%

JPMorgan Equity and Options Total Return ETF

JOYT

This semi-annual shareholder report contains important information about the JPMorgan Equity and Options Total Return ETF (the "Fund") for the period of November 1, 2025 to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Equity and Options Total Return ETF	$18	0.35%

*	This charge is annualized.

0.35%

^[31]

116

KEY FUND STATISTICS

Fund net assets	$86,070,779
Total number of portfolio holdings	116
Portfolio turnover rate	4	%

JPMorgan International Dynamic ETF

JIDE

This semi-annual shareholder report contains important information about the JPMorgan International Dynamic ETF (the "Fund") for the period of January 27, 2026 (fund inception) to April 30, 2026.

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, by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

jpm.xf@jpmorgan.com

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan International Dynamic ETF	$14	0.55%

*	This charge is annualized.

0.55%

^[32]

95