# Product Facts - JPMorgan Active Bond ETF > Audience: country=us, language=en, role=adv. > Generated: 2026-10-02T20:06:15.392888519Z. ## Identity - **Fund Name**: JPMorgan Active Bond ETF - **Share Class Name**: JPMorgan Active Bond ETF - **Product Page**: [Product Page](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-active-bond-etf-etf-shares-46654q716) - **Ticker**: JBND - **CUSIP**: 46654Q716 - **Fund Type**: ETF - **Asset Class**: Fixed Income Taxable - **Fund Inception Date**: 10/11/2023 - **Investment Objective**: The ETF seeks to maximize total return by investing primarily in a diversified portfolio of intermediate- and long-term debt securities, with a focus on securitized debt. ## Fund Facts - **Ticker**: JBND - **CUSIP**: 46654Q716 - **Asset Class**: Fixed Income Taxable - **Fund Inception Date**: 10/11/2023 - **Exchange**: NYSE - **ESG Approach**: Integrated [Disclosure 1] ## Fund Stats - **NAV As of 10/01/2026**: $50.88 - **NAV Change ($) As of 10/01/2026**: $-0.10 - **NAV Change (%) As of 10/01/2026**: -0.19% - **Closing Price As of 10/01/2026**: $50.97 - **Closing Price Change ($) As of 10/01/2026**: $-0.14 - **Closing Price Change (%) As of 10/01/2026**: -0.29% - **Discount/Premium As of 10/01/2026**: 0.18% - **Median Bid/Ask Spread As of 10/01/2026**: 0.02% [Disclosure 2] - **Daily High As of 10/01/2026**: $51.07 - **Daily Low As of 10/01/2026**: $50.72 - **30 Day SEC Yield As of 08/31/2026**: 4.78% - **30 Day SEC Yield Unsubsidized As of 08/31/2026**: 4.78% - **Dividend Yield As of 08/31/2026**: 4.54% - **12-Month Rolling Dividend Yield As of 10/01/2026**: 4.39% - **Daily - 30 Day SEC Yield As of 09/30/2026**: 5.05% - **Daily - 30 Day SEC Yield Unsubsidized As of 09/30/2026**: 5.05% - **Yield to Maturity Gross As of 08/31/2026**: 5.47% [Disclosure 3] - **Yield to Maturity Net As of 08/31/2026**: 5.22% [Disclosure 3] - **Fund Assets As of 10/01/2026**: $8.68bn - **Shares Outstanding As of 10/01/2026**: 170,700,000 - **Exchange Volume As of 10/01/2026**: 3488798 [Disclosure 4] - **Number of Holdings As of 10/01/2026**: 1,762 - **YTD As of 10/01/2026**: -2.32% - **Market Price Returns As of 10/01/2026**: -2.55% ## Portfolio Managers ### Richard Figuly - **In the industry**: 33 years - **With J.P. Morgan**: 33 years - **Managing this fund**: 3 years ### Justin Rucker - **In the industry**: 27 years - **With J.P. Morgan**: 20 years - **Managing this fund**: 3 years ### Andy Melchiorre - **In the industry**: 18 years - **With J.P. Morgan**: 14 years - **Managing this fund**: 3 years ### Edward Fitzpatrick - **In the industry**: 27 years - **With J.P. Morgan**: 13 years - **Managing this fund**: 3 years ## Commentary **As of **: 06/30/2026 ### Topline Benchmark Bloomberg US Aggregate Bond Index. Markets In Q2 2026, risk sentiment improved, as Middle East tensions continued to de-escalate, and oil prices retraced after peaking in April. Rates moved modestly higher. The 10-year U.S. Treasury yield ended the quarter at 4.47% (up from 4.31% at March-end), as markets weighed energy-driven inflation volatility, resilient growth and a Federal Reserve that remained on hold but adopted a more hawkish tone. Helped Security selection within securitized sectors, including commercial mortgage-backed securities (CMBS), asset-backed securities (ABS), non-agency mortgage-backed securities (MBS) and agency MBS. Hurt Duration and curve positioning were the main detractors from performance. Outlook Our base case remains continued expansion, with risks modestly skewed to the upside, as geopolitical tensions have eased, and energy has become less of an inflation impulse. We expect the Fed to remain on hold through year-end and see the 10-year U.S. Treasury trading in a 4.25%–4.625% range, while monitoring labor market conditions and the durability of AI-driven growth. ### Quarter in Review The JPMorgan Active Bond ETF (JBND) performed in line with the benchmark, the Bloomberg US Aggregate Bond Index, for the quarter ended June 30, 2026. An overweight to securitized credit and security selection within these sectors – especially ABS – were positive drivers of performance. Duration and curve positioning were the main detractors, as the portfolio maintained an overweight duration stance during a period of rising rates. During the period, 5-year Treasuries rose 29 basis points (bps), and 10- and 30-year Treasuries rose 15 bps and 4 bps, respectively. Agency MBS was a modest positive contributor, supported by an out-of-index allocation to agency CMBS and tactical positioning across the coupon stack. Investment-grade credit detracted, due to the portfolio’s underweight to the sector, which out-weighed positive security selection within the sector. ### Looking Ahead We are cautiously optimistic and increased the probability of continued expansion (and reduced contraction risk) as Middle East de-escalation lowers the odds of another oil spike. However, uncertainty remains around the concentration of growth in AI-linked activity and the lagged effects of prior energy/tariff shocks. We expect the Fed to remain on hold through year-end and see the 10-year U.S. Treasury trading in a 4.25%–4.625% range. In the current environment, we continue to emphasize carry-oriented exposures, including securitized credit for diversified yield and structural enhancement, and selective corporate credit risk with an up-in-quality tilt, while maintaining a modest duration overweight as a hedge against risk assets. ## Documents - [Factsheet: JPMorgan Active Bond ETF](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/etfs/FS-JBND.PDF) - [Fund Story: JPMorgan Active Bond ETF (JBND)​](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fund-story/STO-JBND.pdf) - [Commentary: Active Bond ETF](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/commentary/FC-JBND.PDF) - [2025 19A Notice ETFs](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/section-19-notices/2025-19a-notice-etfs.pdf) - [Attribution - Active Bond ETF](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/attribution-active-bond-etf.pdf) - [ETF Dividend Calendar 2026](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/income-distribution-rates/jpmorgan-etfs-2026-distribution-notice.pdf) - [Summary Prospectus](https://am.jpmorgan.com/JPMorgan/TVT/46654Q716/SP?site=JPMorganv3) - [Prospectus](https://am.jpmorgan.com/JPMorgan/TVT/46654Q716/P?site=JPMorganv3) - [Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/46654Q716/AR?site=JPMorganv3) - [Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/46654Q716/NCSR?site=JPMorganv3) - [Semi-Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/46654Q716/SAR?site=JPMorganv3) - [Semi-Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/46654Q716/NCSRS?site=JPMorganv3) - [First Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/46654Q716/QH1?site=JPMorganv3) - [Third Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/46654Q716/QH3?site=JPMorganv3) - [Statement of Additional Information](https://am.jpmorgan.com/JPMorgan/TVT/46654Q716/S?site=JPMorganv3) - [Annual Report Of Proxy Voting](https://am.jpmorgan.com/JPMorgan/TVT/46654Q716/NPX?site=JPMorganv3) ## Disclosures 1. This Fund considers financially material environmental, social and governance ("ESG") factors as part of the Fund's investment process. In actively managed assets deemed by J.P. Morgan Asset Management to be ESG integrated under our governance process, we systematically assess financially material ESG factors amongst other factors in our investment decisions with the goals of managing risk and improving long-term returns. ESG integration does not change a strategy's investment objective, exclude specific types of companies or constrain a strategy's investable universe. 2. The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days, or since the listing date of each Fund if shorter, and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day. 3. Yield to maturity (YTM): is the estimated total return anticipated on a bond or other obligation if the obligation is held until maturity and if all payments are made as scheduled. Gross YTM is calculated by averaging the YTM of each obligation held in the portfolio (including, if any, convertible bonds, preferred securities and derivatives) on a market weighted basis without the deduction of fees and expenses. Unlike SEC Yield, Gross YTM is a representation of the estimated total return of the bonds and other obligations held in the portfolio as of the month-end shown, whereas SEC Yield approximates the current income generated by the obligations held in the portfolio over a historical 30-day period after the deduction of fees and expenses. Unlike SEC Yield, Gross YTM takes into account derivatives. Gross YTM and SEC Yield are not a guarantee nor necessarily indicative of future performance or income generation. Net YTM is calculated in the same way as Gross YTM except that Net YTM reflects the deduction of fund-level fees, expenses and, if applicable, hedging costs. Net YTM is not a guarantee nor necessarily indicative of future performance or income generation. Certain other funds may calculate YTM differently (e.g., certain other funds may include only certain types of derivatives in the calculation of YTM, whereas the YTM calculation for this fund includes all types of derivatives), and such differences could significantly impact the calculation of YTM, and therefore decrease comparability between YTM for this fund and YTM for other funds. 4. The number of shares or contracts traded in a security or an entire market during a given period of time. Each transaction between a buyer and seller contributes to the count of total volume.