This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 USD High Yield Corporate Bond ETF	$4	0.07%

*	This charge is annualized.

0.07%

^[1]

1,608

KEY FUND STATISTICS

Fund net assets	$622,620,319
Total number of portfolio holdings	1,608
Portfolio turnover rate	15	%

JPMorgan Ultra-Short Income ETF

JPST

This semi-annual shareholder report contains important information about the JPMorgan Ultra-Short Income ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 Ultra-Short Income ETF	$9	0.17%

*	This charge is annualized.

0.17%

^[2]

797

KEY FUND STATISTICS

Fund net assets	$41,127,609,330
Total number of portfolio holdings	797
Portfolio turnover rate	29	%

JPMorgan International Bond Opportunities ETF

JPIB

This semi-annual shareholder report contains important information about the JPMorgan International Bond Opportunities ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 Bond Opportunities ETF	$25	0.50%

*	This charge is annualized.

0.50%

^[3]

1,144

KEY FUND STATISTICS

Fund net assets	$2,208,677,596
Total number of portfolio holdings	1,144
Portfolio turnover rate	26	%

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 (the "Fund") for the period of March 1, 2026 to August 31, 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 USD Emerging Markets Sovereign Bond ETF	$20	0.39%

*	This charge is annualized.

0.39%

^[4]

213

KEY FUND STATISTICS

Fund net assets	$95,082,247
Total number of portfolio holdings	213
Portfolio turnover rate	15	%

JPMorgan BetaBuilders MSCI US REIT ETF

BBRE

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders MSCI US REIT ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 MSCI US REIT ETF	$6	0.11%

*	This charge is annualized.

0.11%

^[5]

105

KEY FUND STATISTICS

Fund net assets	$1,254,874,581
Total number of portfolio holdings	105
Portfolio turnover rate	6	%

JPMorgan Core Plus Bond ETF

JCPB

This semi-annual shareholder report contains important information about the JPMorgan Core Plus Bond ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 Core Plus Bond ETF	$18	0.37%

*	This charge is annualized.

0.37%

^[6]

2,757

KEY FUND STATISTICS

Fund net assets	$14,643,221,745
Total number of portfolio holdings	2,757
Portfolio turnover rate	34	%

JPMorgan Municipal ETF

JMUB

This semi-annual shareholder report contains important information about the JPMorgan Municipal ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 Municipal ETF	$8	0.17%

*	This charge is annualized.

0.17%

^[7]

2,087

KEY FUND STATISTICS

Fund net assets	$8,750,482,549
Total number of portfolio holdings	2,087
Portfolio turnover rate	20	%

The Portfolio manager uses credit quality ratings on underlying securities of the portfolio from three major ratings agencies - S&P, Moody's and Fitch. When calculating the credit quality breakdown, the Portfolio manager selects the middle rating of the agencies when all three agencies rate a security. The Portfolio manager will use the lower of the two ratings if only two agencies rate a security and will use one rating if that is all that is provided. Securities that are not rated by any of the three agencies are reflected as not rated.

JPMorgan Ultra-Short Municipal Income ETF

JMST

This semi-annual shareholder report contains important information about the JPMorgan Ultra-Short Municipal Income ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 Ultra-Short Municipal Income ETF	$8	0.17%

*	This charge is annualized.

0.17%

^[8]

1,542

KEY FUND STATISTICS

Fund net assets	$7,355,196,698
Total number of portfolio holdings	1,542
Portfolio turnover rate	20	%

The Portfolio manager uses credit quality ratings on underlying securities of the portfolio from three major ratings agencies - S&P, Moody's and Fitch. When calculating the credit quality breakdown, the Portfolio manager selects the middle rating of the agencies when all three agencies rate a security. The Portfolio manager will use the lower of the two ratings if only two agencies rate a security and will use one rating if that is all that is provided. Securities that are not rated by any of the three agencies are reflected as not rated.

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 (the "Fund") for the period of March 1, 2026 to August 31, 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 USD Investment Grade Corporate Bond ETF	$2	0.04%

*	This charge is annualized.

0.04%

^[9]

1,349

KEY FUND STATISTICS

Fund net assets	$52,142,908
Total number of portfolio holdings	1,349
Portfolio turnover rate	17	%

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 (the "Fund") for the period of March 1, 2026 to August 31, 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. Aggregate Bond ETF	$1	0.03%

*	This charge is annualized.

0.03%

^[10]

1,588

KEY FUND STATISTICS

Fund net assets	$1,033,532,782
Total number of portfolio holdings	1,588
Portfolio turnover rate	23	%

JPMorgan Short Duration Core Plus ETF

JSCP

This semi-annual shareholder report contains important information about the JPMorgan Short Duration Core Plus ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 Short Duration Core Plus ETF	$16	0.33%

*	This charge is annualized.

0.33%

^[11]

1,316

KEY FUND STATISTICS

Fund net assets	$1,821,767,611
Total number of portfolio holdings	1,316
Portfolio turnover rate	31	%

JPMorgan Income ETF

JPIE

This semi-annual shareholder report contains important information about the JPMorgan Income ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 Income ETF	$20	0.39%

*	This charge is annualized.

0.39%

^[12]

2,715

KEY FUND STATISTICS

Fund net assets	$10,686,860,293
Total number of portfolio holdings	2,715
Portfolio turnover rate	51	%

JPMorgan Inflation Managed Bond ETF

JCPI

This semi-annual shareholder report contains important information about the JPMorgan Inflation Managed Bond ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 Inflation Managed Bond ETF	$13	0.25%

*	This charge is annualized.

0.25%

^[13]

778

KEY FUND STATISTICS

Fund net assets	$898,476,790
Total number of portfolio holdings	778
Portfolio turnover rate	41	%

JPMorgan Realty Income ETF

JPRE

This semi-annual shareholder report contains important information about the JPMorgan Realty Income ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 Realty Income ETF	$25	0.50%

*	This charge is annualized.

0.50%

^[14]

40

KEY FUND STATISTICS

Fund net assets	$477,394,670
Total number of portfolio holdings	40
Portfolio turnover rate	44	%

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 (the "Fund") for the period of March 1, 2026 to August 31, 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. Treasury Bond 1-3 Year ETF	$2	0.04%

*	This charge is annualized.

0.04%

^[15]

92

KEY FUND STATISTICS

Fund net assets	$55,150,015
Total number of portfolio holdings	92
Portfolio turnover rate	29	%

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 (the "Fund") for the period of March 1, 2026 to August 31, 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. Treasury Bond 3-10 Year ETF	$2	0.04%

*	This charge is annualized.

0.04%

^[16]

82

KEY FUND STATISTICS

Fund net assets	$54,039,745
Total number of portfolio holdings	82
Portfolio turnover rate	18	%

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 (the "Fund") for the period of March 1, 2026 to August 31, 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. Treasury Bond 20+ Year ETF	$2	0.04%

*	This charge is annualized.

0.04%

^[17]

41

KEY FUND STATISTICS

Fund net assets	$33,704,714
Total number of portfolio holdings	41
Portfolio turnover rate	10	%

JPMorgan High Yield Municipal ETF

JMHI

This semi-annual shareholder report contains important information about the JPMorgan High Yield Municipal ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 High Yield Municipal ETF	$17	0.34%

*	This charge is annualized.

0.34%

^[18]

234

KEY FUND STATISTICS

Fund net assets	$293,289,827
Total number of portfolio holdings	234
Portfolio turnover rate	43	%

The Portfolio manager uses credit quality ratings on underlying securities of the portfolio from three major ratings agencies - S&P, Moody's and Fitch. When calculating the credit quality breakdown, the Portfolio manager selects the middle rating of the agencies when all three agencies rate a security. The Portfolio manager will use the lower of the two ratings if only two agencies rate a security and will use one rating if that is all that is provided. Securities that are not rated by any of the three agencies are reflected as not rated.

JPMorgan Limited Duration Bond ETF

JPLD

This semi-annual shareholder report contains important information about the JPMorgan Limited Duration Bond ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 Limited Duration Bond ETF	$12	0.24%

*	This charge is annualized.

0.24%

^[19]

766

KEY FUND STATISTICS

Fund net assets	$4,031,628,953
Total number of portfolio holdings	766
Portfolio turnover rate	23	%

JPMorgan Sustainable Municipal Income ETF

JMSI

This semi-annual shareholder report contains important information about the JPMorgan Sustainable Municipal Income ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 Sustainable Municipal Income ETF	$8	0.17%

*	This charge is annualized.

0.17%

^[20]

289

KEY FUND STATISTICS

Fund net assets	$389,372,222
Total number of portfolio holdings	289
Portfolio turnover rate	22	%

The Portfolio manager uses credit quality ratings on underlying securities of the portfolio from three major ratings agencies - S&P, Moody's and Fitch. When calculating the credit quality breakdown, the Portfolio manager selects the middle rating of the agencies when all three agencies rate a security. The Portfolio manager will use the lower of the two ratings if only two agencies rate a security and will use one rating if that is all that is provided. Securities that are not rated by any of the three agencies are reflected as not rated.

JPMorgan Active Bond ETF

JBND

This semi-annual shareholder report contains important information about the JPMorgan Active Bond ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 Bond ETF	$12	0.25%

*	This charge is annualized.

0.25%

^[21]

1,751

KEY FUND STATISTICS

Fund net assets	$8,660,315,669
Total number of portfolio holdings	1,751
Portfolio turnover rate	22	%

JPMorgan Active High Yield ETF

JPHY

This semi-annual shareholder report contains important information about the JPMorgan Active High Yield ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 High Yield ETF	$23	0.45%

*	This charge is annualized.

0.45%

^[22]

550

KEY FUND STATISTICS

Fund net assets	$2,244,766,045
Total number of portfolio holdings	550
Portfolio turnover rate	18	%

JPMorgan Mortgage-Backed Securities ETF

JMTG

This semi-annual shareholder report contains important information about the JPMorgan Mortgage-Backed Securities ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 Mortgage-Backed Securities ETF	$12	0.24%

*	This charge is annualized.

0.24%

^[23]

2,590

KEY FUND STATISTICS

Fund net assets	$6,873,659,007
Total number of portfolio holdings	2,590
Portfolio turnover rate	25	%

JPMorgan Flexible Debt ETF

JFLX

This semi-annual shareholder report contains important information about the JPMorgan Flexible Debt ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 Debt ETF	$23	0.45%

*	This charge is annualized.

0.45%

^[24]

1,731

KEY FUND STATISTICS

Fund net assets	$1,560,262,334
Total number of portfolio holdings	1,731
Portfolio turnover rate	65	%

JPMorgan 100% U.S. Treasury Securities Money Market ETF

JMMF

This semi-annual shareholder report contains important information about the JPMorgan 100% U.S. Treasury Securities Money Market ETF (the "Fund") for the period of March 1, 2026 to August 31, 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 100% U.S. Treasury Securities Money Market ETF	$8	0.16%

*	This charge is annualized.

0.16%

^[25]