# Product Facts - JPMorgan Hedged Equity Laddered Overlay ETF

> Audience: country=us, language=en, role=adv.
> Generated: 2026-10-02T02:57:02.495872643Z.

## Identity

- **Fund Name**: JPMorgan Hedged Equity Laddered Overlay ETF
- **Share Class Name**: JPMorgan Hedged Equity Laddered Overlay ETF
- **Product Page**: [Product Page](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-hedged-equity-laddered-overlay-etf-etf-shares-46654q724)
- **Ticker**: HELO
- **CUSIP**: 46654Q724
- **Fund Type**: ETF
- **Asset Class**: U.S. Equity
- **Fund Inception Date**: 09/28/2023
- **Investment Objective**: The Fund seeks to provide capital appreciation

## Fund Facts

- **Ticker**: HELO
- **CUSIP**: 46654Q724
- **Asset Class**: U.S. Equity
- **Fund Inception Date**: 09/28/2023
- **Exchange**: NYSE-Arca
- **ESG Approach**: Integrated [Disclosure 1]

## Fund Stats

- **NAV  As of 10/01/2026**: $69.17
- **NAV Change ($) As of 10/01/2026**: $0.08
- **NAV Change (%) As of 10/01/2026**: 0.12%
- **Closing Price  As of 10/01/2026**: $69.19
- **Closing Price Change ($) As of 10/01/2026**: $0.09
- **Closing Price Change (%) As of 10/01/2026**: 0.03%
- **Discount/Premium As of 10/01/2026**: 0.03%
- **30 Day SEC Yield  As of 08/31/2026**: 0.55%
- **30 Day SEC Yield Unsubsidized As of 08/31/2026**: 0.55%
- **Dividend Yield As of 08/31/2026**: 0.62%
- **12-Month Rolling Dividend Yield As of 08/31/2026**: 0.66%
- **Daily - 30 Day SEC Yield As of 09/30/2026**: 0.59%
- **Daily - 30 Day SEC Yield Unsubsidized As of 09/30/2026**: 0.59%
- **Fund Assets As of 10/01/2026**: $4.84bn
- **Shares Outstanding As of 10/01/2026**: 69,975,000
- **Number of Holdings As of 09/30/2026**: 145
- **YTD  As of 10/01/2026**: 4.63%
- **Market Price Returns  As of 10/01/2026**: 4.57%

## Portfolio Managers

### Hamilton Reiner

- **In the industry**: 39 years
- **With J.P. Morgan**: 17 years
- **Managing this fund**: 3 years

### Raffaele Zingone

- **In the industry**: 35 years
- **With J.P. Morgan**: 35 years
- **Managing this fund**: 3 years

### Matt Bensen

- **In the industry**: 11 years
- **With J.P. Morgan**: 11 years
- **Managing this fund**: 1 year

### Judy Jansen

- **In the industry**: 11 years
- **With J.P. Morgan**: 11 years
- **Managing this fund**: 1 year

## Commentary

**As of **: 06/30/2026

### Topline

Benchmark S&P 500 Total Return Index

Markets The S&P 500 Index® gained 15.20% in the second quarter of 2026. Within index, information technology and industrials were the best-performing sectors, returning 31.79% and 14.88%, respectively, while energy and utilities were the worst-performing sectors, returning -13.45% and-0.53%, respectively.

Helped The health services & systems and basic materials sectors added the most value.

Hurt The software & services and hardware & semiconductors sectors weighed the most on performance.

Outlook We continue to focus on fundamentals of the economy and company earnings. Our analysts’ estimates for S&P 500 Index® earnings project 26% for 2026 and 22% for 2027. While subject to revision, this forecast includes our best analysis of earnings expectations.

### Quarter in Review

The JPMorgan Hedged Equity Laddered Overlay ETF underperformed the benchmark, the S&P 500 Index, for the quarter ended June 30, 2026.

An underweight position in Intel, a leading semiconductor manufacturer focused on computing, data center, and foundry technologies, detracted from performance during the period. The stock outperformed as server CPU demand accelerated, driving improved pricing power, and preliminary foundry engagements with Apple and Tesla provided optimism that Intel’s manufacturing turnaround is taking shape.

An underweight position in Applied Materials, a leading supplier of semiconductor manufacturing equipment, software, and services, detracted from performance during the period. The stock outperformed during the second quarter, driven by robust semiconductor equipment demand fueled by the AI infrastructure build-out, advanced packaging growth, and strong customer capacity expansion initiatives. The company raised its systems revenue growth guidance for 2026 and demonstrated confidence in sustained multi-year demand dynamics across foundry, DRAM, and packaging segments.

An overweight position in Seagate Technology, a leading provider of data storage solutions for cloud and enterprise customers, contributed to performance during the period. The stock outperformed due to robust data center revenue growth and strong margin expansion, and raised long-term guidance reflecting structural industry tailwinds.

An overweight position in Lam Research, a leading provider of wafer fabrication equipment (WFE) and services to the semiconductor industry, contributed to performance during the period. The stock outperformed due to record revenue growth and robust gross margin expansion, and raised 2026 guidance signaling strong execution. Investors remain enthusiastic regarding industrywide WFE spending and Lam’s opportunity to outgrow the market due to its strong position in memory, where capacity-add expectations continue to trend meaningfully higher amid a historic supply shortage, along with a strengthening position in foundry/logic.

### Looking Ahead

The U.S. equity market remains constructive amid evolving macroeconomic and geopolitical conditions. Continued strength in corporate earnings, coupled with robust AI-related investment, continues to support the outlook for equities. However, narrow market leadership and heightened return dispersion reinforce the case for active stock selection. We remain focused on high conviction stocks and seek to take advantage of market dislocations for compelling stock selection opportunities.

## Documents

- [Factsheet: JPMorgan Hedged Equity Laddered Overlay ETF](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/etfs/FS-HELO.pdf)
- [Fund Story: JPMorgan Hedged Equity Laddered Overlay ETF (HELO)​](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fund-story/STO-HELO.pdf)
- [Commentary: Hedged Equity Laddered Overlay ETF](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/commentary/FC-HELO.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/46654Q724/SP?site=JPMorganv3)
- [Prospectus](https://am.jpmorgan.com/JPMorgan/TVT/46654Q724/P?site=JPMorganv3)
- [Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/46654Q724/AR?site=JPMorganv3)
- [Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/46654Q724/NCSR?site=JPMorganv3)
- [Semi-Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/46654Q724/SAR?site=JPMorganv3)
- [Semi-Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/46654Q724/NCSRS?site=JPMorganv3)
- [First Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/46654Q724/QH1?site=JPMorganv3)
- [Third Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/46654Q724/QH3?site=JPMorganv3)
- [Statement of Additional Information](https://am.jpmorgan.com/JPMorgan/TVT/46654Q724/S?site=JPMorganv3)
- [Annual Report Of Proxy Voting](https://am.jpmorgan.com/JPMorgan/TVT/46654Q724/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.