JPMorgan Diversified Return US Equity ETF

JPUS is a US Equities ETF. The Fund seeks investment results that closely correspond,before fees and expenses, to the performance of the JP MorganDiversified Factor US Equity Index (the Underlying Index). TheFund will invest at least 80% of its Assets in securities includedin the Underlying Index. Assets means net assets, plus theamount of borrowing for investment purposes. The UnderlyingIndex is comprised of U.S. equity securities selected torepresent a diversified set of factor characteristics, as describedbelow. The Fund s adviser is the sponsor of the Underlying Indexand developed the proprietary factors on which the UnderlyingIndex is based. FTSE International Limited, the BenchmarkAdministrator, administers, calculates and governs the Underly-ing Index. Holdings in the Underlying Index are selected primar-ily from the constituents of the Russell 1000 Index, a broaderRussell index, which is comprised of large- and mid-cap equitysecurities in the United States. Through diversification, theUnderlying Index is designed to more evenly distribute riskacross sectors and individual securities. In the Underlying Index,weightings to sectors are adjusted based on their historicalvolatility to attempt to balance risk across sectors in the overallportfolio. The Underlying Index is diversified across the follow-ing sectors: basic materials, consumer services, consumergoods, financials, health care, industrials, oil & gas, technology,telecommunications and utilities. The rules based proprietarymulti-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 U.S. companies, including commonstock, preferred stock and real estate investment trusts.

JPUS tracks the JP Morgan Diversified Factor US Equity Index.

No, JPUS 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, JPUS 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 JPUS is -0.0103%. This is the percent change in the value of JPUS over the most recent 1-month period. The 3-month return on JPUS is 0.0024%. This is the percent change in the value of JPUS over the most recent 3-month period.

The standard deviation of JPUS for the past year is 0.159%. 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 JPUS include SPHQ, SPHB, and DSI.

ETFs correlated to JPUS include JPME, SCHV, and IWD.

ETFs that are inversely correlated to JPUS include DOG, SDOW, and DXD.