JPMorgan Exchange Traded Fund Trust
11/25/2024 | Press release | Distributed by Public on 11/25/2024 08:27
Summary Prospectus by Investment Company - Form 497K
J.P. Morgan Exchange-Traded Fund Trust
J.P. MORGAN EXCHANGE-TRADED FUNDS
JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF
JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF
(each, a "Fund" and collectively, the "Funds")
(each, a series of J.P. Morgan Exchange-Traded Fund Trust)
Supplement dated November 25, 2024
to the current Summary Prospectuses and Prospectus, as supplemented
Effective December 1, 2024 (the "Effective Date"), the management fee of each Fund listed above will be reduced from an annual rate of 0.07% to 0.04% of the Fund's average daily net assets. Accordingly, on the Effective Date, the "Annual Fund Operating Expenses" and "Example" tables in each Fund's Summary Prospectus and the Funds' Prospectus will be deleted in their entirety and replaced with the corresponding tables below:
JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF:
|
ANNUAL FUND OPERATING EXPENSES1 (Expenses that you pay each year as a percentage of the value of your investment) |
||||
| Management Fees | 0.04 | % | ||
| Total Annual Fund Operating Expenses | 0.04 | |||
|
1 The Fund's management agreement provides that the adviser will pay substantially all expenses of the Fund (including expenses of the Trust relating to the Fund), except for the management fees, payments under the Fund's 12b-1 plan (if any), interest expenses, dividend and interest expenses related to short sales, taxes, acquired fund fees and expenses (other than fees for funds advised by the adviser and/or its affiliates), costs of holding shareholder meetings, and litigation and potential litigation and other extraordinary expenses not incurred in the ordinary course of the Fund's business. Additionally, the Fund shall be responsible for its non-operating expenses, including brokerage commissions and fees and expenses associated with the Fund's securities lending program, if applicable. |
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds. The Example does not take into account brokerage commissions that you pay when purchasing or selling Shares of the Fund. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Your actual costs may be higher or lower.
| WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||||||||||
| 1 Year | 3 Years | 5 Years | 10 Years | |||||||||
| SHARES ($) | $4 | $13 | $23 | $51 |
JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF:
|
ANNUAL FUND OPERATING EXPENSES1 (Expenses that you pay each year as a percentage of the value of your investment) |
||||
| Management Fees | 0.04 | % | ||
| Total Annual Fund Operating Expenses | 0.04 | |||
|
1 The Fund's management agreement provides that the adviser will pay substantially all expenses of the Fund (including expenses of the Trust relating to the Fund), except for the management fees, payments under the Fund's 12b-1 plan (if any), interest expenses, dividend and interest expenses related to short sales, taxes, acquired fund fees and expenses (other than fees for funds advised by the adviser and/or its affiliates), costs of holding shareholder meetings, and litigation and potential litigation and other extraordinary expenses not incurred in the ordinary course of the Fund's business. Additionally, the Fund shall be responsible for its non-operating expenses, including brokerage commissions and fees and expenses associated with the Fund's securities lending program, if applicable. |
SUP-BBGOVETF-1124
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds. The Example does not take into account brokerage commissions that you pay when purchasing or selling Shares of the Fund. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Your actual costs may be higher or lower.
| WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||||||||||
| 1 Year | 3 Years | 5 Years | 10 Years | |||||||||
| SHARES ($) | $4 | $13 | $23 | $51 |
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF:
|
ANNUAL FUND OPERATING EXPENSES1 (Expenses that you pay each year as a percentage of the value of your investment) |
||||
| Management Fees | 0.04 | % | ||
| Total Annual Fund Operating Expenses | 0.04 | |||
|
1 The Fund's management agreement provides that the adviser will pay substantially all expenses of the Fund (including expenses of the Trust relating to the Fund), except for the management fees, payments under the Fund's 12b-1 plan (if any), interest expenses, dividend and interest expenses related to short sales, taxes, acquired fund fees and expenses (other than fees for funds advised by the adviser and/or its affiliates), costs of holding shareholder meetings, and litigation and potential litigation and other extraordinary expenses not incurred in the ordinary course of the Fund's business. Additionally, the Fund shall be responsible for its non-operating expenses, including brokerage commissions and fees and expenses associated with the Fund's securities lending program, if applicable. |
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds. The Example does not take into account brokerage commissions that you pay when purchasing or selling Shares of the Fund. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Your actual costs may be higher or lower.
| WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||||||||||
| 1 Year | 3 Years | 5 Years | 10 Years | |||||||||
| SHARES ($) | $4 | $13 | $23 | $51 |
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE
SUMMARY PROSPECTUSES AND PROSPECTUS FOR FUTURE REFERENCE