Funds are expected to liquidate Winter 2023

NEW YORK, November 16, 2023: J.P. Morgan Asset Management today announced the upcoming liquidation and dissolution of two exchange-traded funds: JPMorgan Sustainable Consumption ETF (CIRC) and JPMorgan Social Advancement ETF (UPWD) (collectively, the “ETFs”).

Shareholders may buy and sell their shares up to and including the last day of trading prior to the de-listing date at market prices on The Nasdaq Stock Market® LLC. The last day of trading for CIRC and UPWD on Nasdaq is Friday, December 15, 2023.

Proceeds from the liquidations will be distributed to shareholders at net asset value as of the liquidation date.

Shareholders who continue to hold shares of either of the ETFs on the ETFs’ liquidation date will receive a liquidating distribution of cash in the cash portion of their brokerage accounts equal to the amount of the net asset value of their shares.

Shareholders who receive a liquidating distribution generally will recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares if shares are held in a taxable account, and such shareholders should consult their tax advisor about the potential tax consequences.

About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of $3.19 trillion (as of 9/30/2023), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information: J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co., and its affiliates worldwide. 

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $3.9 trillion in assets and $313 billion in stockholders' equity as of June 30, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at

J.P. Morgan Distribution Services, Inc., member FINRA