# Product Facts - JPMorgan ActiveBuilders Emerging Markets Equity ETF > Audience: country=us, language=en, role=adv. > Generated: 2026-10-02T23:24:29.306328172Z. ## Identity - **Fund Name**: JPMorgan ActiveBuilders Emerging Markets Equity ETF - **Share Class Name**: JPMorgan ActiveBuilders Emerging Markets Equity ETF - **Product Page**: [Product Page](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-activebuilders-emerging-markets-equity-etf-etf-shares-46641q266) - **Ticker**: JEMA - **CUSIP**: 46641Q266 - **Fund Type**: ETF - **Asset Class**: International Equity - **Fund Inception Date**: 03/10/2021 - **Investment Objective**: The Fund seeks to provide a long-term capital appreciation. ## Fund Facts - **Ticker**: JEMA - **CUSIP**: 46641Q266 - **Asset Class**: International Equity - **Fund Inception Date**: 03/10/2021 - **Exchange**: NASDAQ - **ESG Approach**: Integrated [Disclosure 1] ## Fund Stats - **NAV As of 10/02/2026**: $62.85 - **NAV Change ($) As of 10/02/2026**: $0.64 - **NAV Change (%) As of 10/02/2026**: 1.03% - **Non-Fair Value NAV As of 10/02/2026**: $62.32 [Disclosure 2] - **Closing Price As of 10/02/2026**: $62.83 - **Closing Price Change ($) As of 10/02/2026**: $0.74 - **Closing Price Change (%) As of 10/02/2026**: 1.37% - **Discount/Premium As of 10/02/2026**: -0.04% - **30 Day SEC Yield As of 08/31/2026**: 1.55% - **30 Day SEC Yield Unsubsidized As of 08/31/2026**: 1.55% - **12-Month Rolling Dividend Yield As of 08/31/2026**: 3.03% - **Daily - 30 Day SEC Yield As of 10/01/2026**: 1.58% - **Daily - 30 Day SEC Yield Unsubsidized As of 10/01/2026**: 1.58% - **Fund Assets As of 10/02/2026**: $1.77bn - **Shares Outstanding As of 10/02/2026**: 28,300,000 - **Number of Holdings As of 10/01/2026**: 483 - **YTD As of 10/01/2026**: 26.55% - **Market Price Returns As of 10/01/2026**: 26.49% ## Portfolio Managers ### Anuj Arora - **In the industry**: 23 years - **With J.P. Morgan**: 20 years - **Managing this fund**: 5 years ### Joyce Weng - **In the industry**: 19 years - **With J.P. Morgan**: 16 years - **Managing this fund**: 5 years ### Harold Yu - **In the industry**: 14 years - **With J.P. Morgan**: 13 years - **Managing this fund**: 4 years ## Commentary **As of **: 06/30/2026 ### Topline Benchmark MSCI Emerging Markets Index Markets The second quarter of 2026 was strong for emerging markets ("EM"), supported by easing Middle East risks and renewed strength in the AI-driven memory cycle. South Korea and Taiwan led gains as strong semiconductor earnings supported technology-heavy markets. China was mixed, with AI infrastructure beneficiaries continuing to perform well despite weaker domestic demand. India rebounded on supportive policies, while Latin America and EMEA delivered more subdued returns amid lower commodity prices. Helped Stock selection in information technology and China. Hurt Stock selection in energy and Taiwan. Outlook A softer U.S. dollar, deficit spending in major economies and a multiyear AI and infrastructure capital expenditure cycle create a constructive backdrop for emerging markets equities. Yet developments in the Middle East remain key near-term swing factors, particularly for energy-importing countries such as India. Most EM economies, excluding China, continue to experience an inflationary boom favoring industrials, defense and commodities, while North Asia is central to the AI supply chain. ### Quarter in Review The JPMorgan Active Builders Emerging Markets Equity ETF outperformed the benchmark, the MSCI Emerging Markets Index (net of foreign withholding taxes), for the quarter ended June 30, 2026. Stock selection in Information Technology contributed to performance. Key contributors included South Korea's Samsung Electronics, a global leader in memory semiconductors, and Taiwan's Elite Material, a manufacturer of high-performance copper-clad laminates used in AI servers and networking infrastructure. Both companies benefited from continued strength in AI-related capital expenditure and increasing demand across the data-center ecosystem. Stock selection in China contributed to performance. Overweight exposure to Montage Technology, a semiconductor company focused on memory-interface and server-chip solutions, and Zhongji Innolight, a supplier of high-speed optical transceivers helped. Both companies benefited from rising investment in AI infrastructure and domestic technology upgrading. Stock selection in Energy detracted from performance led by the overweight exposure to Brazil's Petrobras, the country's dominant integrated energy company. The stock lagged as oil prices weakened during the quarter following the easing of Middle East supply concerns and the reopening of the Strait of Hormuz, reducing the geopolitical risk premium embedded in energy markets. Stock selection in Taiwan hurt performance due to underweight exposure to MediaTek, a leading designer of mobile and AI-enabled semiconductors, Yageo, a manufacturer of passive electronic components used across AI applications, and Unimicron Technology, a producer of advanced printed circuit boards. All three companies benefited from strong demand linked to AI infrastructure and semiconductor spending. ### Looking Ahead A weaker dollar remains a key support for emerging markets, and we continue to believe in a multiyear dollar bear cycle. However, Middle East developments and oil-price volatility remain important near-term risks, particularly for energy-importing countries such as India and for the global rate-cutting cycle. Fiscal support across major economies remains in place and most EM economies excluding China continue to experience an inflationary boom. North Asia remains central to the AI supply chain, with the memory upcycle intact and hyperscaler capital expenditure expectations continuing to rise. While market leadership remains concentrated and valuations become more demanding in parts of the ecosystem, we continue to find attractive opportunities across complementary beneficiaries of AI adoption while maintaining valuation discipline. China remains a two-speed market— with AI-sensitive sectors continuing to outperform alongside tentative signs that the country's prolonged deflationary cycle may be approaching an inflection point. Policymakers continue to support growth, innovation and shareholder returns, while opportunities are emerging across technology, industrial upgrading and domestic champions benefiting from localization trends. ## Documents - [Factsheet: JPMorgan ActiveBuilders Emerging Markets Equity ETF](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/etfs/FS-JEMA.PDF) - [Commentary: ActiveBuilders Emerging Markets Equity ETF](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/commentary/FC-JEMA.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/46641Q266/SP?site=JPMorganv3) - [Prospectus](https://am.jpmorgan.com/JPMorgan/TVT/46641Q266/P?site=JPMorganv3) - [Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/46641Q266/AR?site=JPMorganv3) - [Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/46641Q266/NCSR?site=JPMorganv3) - [Semi-Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/46641Q266/SAR?site=JPMorganv3) - [Semi-Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/46641Q266/NCSRS?site=JPMorganv3) - [First Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/46641Q266/QH1?site=JPMorganv3) - [Third Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/46641Q266/QH3?site=JPMorganv3) - [Statement of Additional Information](https://am.jpmorgan.com/JPMorgan/TVT/46641Q266/S?site=JPMorganv3) - [Annual Report Of Proxy Voting](https://am.jpmorgan.com/JPMorgan/TVT/46641Q266/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. Non-Fair Value NAV: The published NAV includes adjustments made to prices of international stocks to compensate for price changes occurring after local markets close and exchange rates at the 4 PM New York close, the Non-Fair Value NAV excludes these price adjustments and uses exchange rates at the 4PM London close. Investors cannot transact at Non-Fair Value.