JPMorgan Diversified Return Emerging Markets Equity ETF

JPEM is a Global Ex. US Equities ETF. The Fund seeks investment results that closely correspond,before fees and expenses, to the performance of the JP MorganDiversified Factor Emerging Markets Equity Index (the Underly-ing Index). The Fund will invest at least 80% of its Assets insecurities included in the Underlying Index. Assets means netassets, plus the amount of borrowing for investment purposes.The Underlying Index is comprised of equity securities fromemerging markets selected to represent a diversified set of fac-tor characteristics, as described below. The Fund s adviser is thesponsor of the Underlying Index and developed the proprietaryfactors on which the Underlying Index is based. FTSEInternational Limited, the Benchmark Administrator,administers, calculates and governs the Underlying Index. Hold-ings in the Underlying Index are selected primarily from theconstituents of the FTSE Emerging Index, a broader FTSE index,which is comprised of large- and mid-cap equity securities fromadvanced and secondary emerging markets. Throughdiversification, the Underlying Index is designed to more evenlydistribute risk across regions, super-sectors and individualsecurities. In the Underlying Index, weightings to regions andsuper-sectors are adjusted based on their historical volatility toattempt to balance risk across regions and super-sectors in theoverall portfolio. The Underlying Index is diversified acrosscertain countries in the following regions: Asia Pacific ex China;China; Europe, Middle East & Africa (EMEA); and Latin America;and across the following super-sectors: commodities, financials,consumer, defensives and industrials. The rules basedproprietary multi-factor selection process utilizes the followingcharacteristics: value, momentum and quality. The UnderlyingIndex is designed so that each of the individual characteristics isgiven equal input in security selection. Over time, the factorswill have varying degrees of influence on the performance ofthe Underlying Index. The Fund s securities are large- and mid-cap equity securities of companies from emerging markets,including common stock, depositary receipts, preferred stock and real estate investment trusts (REITs).

JPEM tracks the JP Morgan Diversified Factor Emerging Markets Equity Index.

No, JPEM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, JPEM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JPEM is 0.0077%. This is the percent change in the value of JPEM over the most recent 1-month period. The 3-month return on JPEM is 0.0275%. This is the percent change in the value of JPEM over the most recent 3-month period.

The standard deviation of JPEM for the past year is 0.1332%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JPEM include PBW, IGF, and ARKK.

ETFs correlated to JPEM include FNDE, DFEV, and PXH.

ETFs that are inversely correlated to JPEM include EDZ, EFZ, and EPV.