Fact Sheet | March 31, 2024

JPMorgan Nasdaq Equity Premium Income ETF
Ticker: JEPQ

Designed to provide current income while
maintaining prospects for capital appreciation.

Performance
F1

Fund: at NAV

F2

Fund: Market price returns

Approach

B1

Benchmark 1: Nasdaq-100 Index• Generates income through a combination of selling
options and investing in U.S. large cap growth stocks,
seeking to deliver a monthly income stream fromassociated option premiums and stock dividends

B2

Benchmark 2: ICE BofA 3-Month US Treasury Bill Index

Growth of $10,00014• Seeks to deliver a significant portion of the returns
associated with the Nasdaq 100 Index with less volatility• Constructs a long equity portfolio through a proprietarydata science driven investment approach designed to drive
portfolio allocations while maximizing risk-adjusted
expected returns

Ending Value
F $13,367

1210Expertise
Portfolio manager(s) and years of experience
Hamilton Reiner, 37 years
Andrew Stern, 16 years
Eric Moreau, 11 years

2324
3/31/2024

5/3/2022 (Launch)

Since inception with dividends and capital gains reinvested. There is no direct
correlation between a hypothetical investment and the anticipatedperformance of the Fund.

Fund Information
Class launch
May 3, 2022
CUSIP46654Q203
Value of investments$11.84 B

8Annual expenses (%)
Gross Expenses: 0.350
Net Expenses: 0.350

Calendar Year Performance (%)
75502502023
F136.28

F236.23

B155.13

Yield (%)
As of 3/31/24
30-day SEC yield

9.56

30-day SEC yield (unsubsidized)

9.56

12-month rolling dividend yield†

10.10

Return (%)
Total Return3mosYTD

10.14
10.13

B1B2

F1
Performance Disclosures

The performance quoted is past performance and is not a guarantee offuture results. Investment returns and principal value of an investment
will fluctuate so that an investor's shares, when sold or redeemed, may
be worth more or less than original cost. Current performance may behigher or lower than the performance data shown. For performancecurrent to the most recent month-end please call 1-844-4JPM-ETF.
Total Returns based on NAV and Market Price do not reflect brokeragecommissions or sales charges in connection with the purchase or sale of Fundshares, which if included would lower the performance shown above. The NAV
used in the Total Return calculation assumes all management fees andoperating expenses incurred by the Fund.
Currently, the yield is unaffected by a fee waiver.
†The 12-Month Rolling Dividend Yield represents the sum of the dividend yield(non-annualized) for the 12 most recent regularly declared income dividends aswell as any special income distributions in the intervening period. Dividend
yield (non-annualized) is calculated by dividing the dividend per share by thenet asset value per share as of the relevant ex-dividend date.
^Fund performance inception: 5/3/2022
A fund's NAV is the sum of all its assets less any liabilities, divided by thenumber of shares outstanding.
YTD returns are as of the last business day of the month.
Must be preceded or accompanied by a prospectus.

F2at NAV
Market pricereturns

Average Annual ReturnLaunch^

1yr

3yrs

5yrs

10.14

33.32

--

16.34

10.13

33.02

-

-

16.35

8.72

8.72

39.65

--

20.11

1.29

1.29

5.26

-

-

4.06

Fact Sheet | March 31, 2024 | JPMorgan Nasdaq Equity Premium Income ETF

Page 2 of 2

Holdings

Sectors (%)

Top 10 (%)

Communication Services

12.8

Consumer Discretionary

11.4

MICROSOFT CORP COMMON

7.4

APPLE INC COMMON STOCK

5.6

NVIDIA CORP COMMON STOCK

5.5

AMAZON.COM INC COMMON

4.6

META PLATFORMS INC

4.2

ALPHABET INC COMMON

4.1

BROADCOM INC COMMON

3.0

ADVANCED MICRO DEVICES

2.2

TESLA INC COMMON STOCK

1.8

NETFLIX INC COMMON STOCK

1.8

Consumer Staples

5.2

Energy0.4

Financials

2.0

Health Care

5.7

Industrials

3.7

Information Technology

40.7

Materials

1.1

Real Estate0.3

Utilities

0.9

Other16.3

Portfolio Analysis
Price to earnings (P/E ratio)
Weighted average market cap
Number of holdings
Beta (Since Inception)
Standard deviation (SinceInception)
Turnover ratio (trailing 12months) (6/30/2023) (%)
EPS GrowthInvestors should carefully consider the investment objectives and risks as well as
charges and expenses of the JPMorgan ETF before investing. The summary and fullprospectuses contain this and other information about the ETF. Read the prospectus
carefully before investing. Call 1-844-4JPM-ETF or visit www.jpmorganETFs.com toobtain a prospectus.
Due to rounding, values may not total 100%.
Sector and country or region excludes cash.
This document is a general communication being provided for informational purposes
only. It is educational in nature and not designed to be a recommendation for any specificinvestment product, strategy, plan feature or other purpose. Any examples used aregeneric, hypothetical and for illustration purposes only. Prior to making any investment orfinancial decisions, an investor should seek individualized advice from personal financial,legal, tax and other professionals that take into account all of the particular facts andcircumstances of an investor's own situation.
Risk Summary
The price of equity securities may fluctuate rapidly or unpredictably due to factors affecting
individual companies, as well as changes in economic or political conditions. These pricemovements may result in loss of your investment.
Investments in Equity-Linked Notes (ELNs) are subject to liquidity risk, which may make
ELNs difficult to sell and value. Lack of liquidity may also cause the value of the ELN todecline. Since ELNs are in note form, they are subject to certain debt securities risks, suchas credit or counterparty risk. Should the prices of the underlying instruments move in an
unexpected manner, the Fund may not achieve the anticipated benefits of an investment in
an ELN, and may realize losses, which could be significant and could include the Fund'sentire principal investment.
Annual Operating Expenses
The Fund’s management agreement provides that the adviser will pay substantially all
expenses of 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 potentiallitigation and other extraordinary expenses not incurred in the ordinary course of theFund’s business. 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.
Indexes
ETFs have fees that reduce their performance: indexes do not. You cannot invest directly in
an index.
The Nasdaq-100 Index includes 100 of the largest domestic and international non-financial
companies listed on The Nasdaq Stock Market based on market capitalization. The Index
reflects companies across major industry groups including computer hardware andsoftware, telecommunications, retail/wholesale trade and biotechnology. It does notcontain securities of financial companies including investment companies.
Nasdaq®, Nasdaq-100 Index®, Nasdaq 100® and NDX® are registered trademarks ofNasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed
for use by J.P. Morgan Investment Management Inc. JPMorgan Nasdaq Equity Premium

JEPQ

Nasdaq-100 Index

27.04$933.28
98
0.70
16.48

25.50
$999.12101
22.97

162.00-11.98

11.38

Income ETF (the “Fund”) has not been passed on by the Corporations as to its legality orsuitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. THE
CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE
FUND.
The ICE BofA 3-Month US Treasury Bill Index is comprised of a single issue purchased at thebeginning of the month and held for a full month. The index is rebalanced monthly and theissue selected is the outstanding Treasury Bill that matures closest to, but not beyond 3
months from the rebalancing date.
Top Holdings
The top 10 holdings listed exclude cash and money markets. Holdings are subject tochange. The holdings listed should not be considered recommendations to purchase orsell a particular security. Each individual security is calculated as a percentage of the net
assets.
For more information regarding the Equity-Linked Notes please see “Equity Premium
Income ETF - Equity Linked Notes Estimated SPX – Equivalent Unit Delta-Gamma” found on
the Documents tab of the fund’s website.
Definitions
30-day SEC Yield: Represents net investment income earned by a fund over a 30-day
period, expressed as an annual percentage rate based on the fund s share price at the endof the 30-day period. The 30-day yield should be regarded as an estimate of investment
income and may not equal the fund s actual income distribution rate.
30-day SEC Yield (unsubsidized): Unsubsidized yield does not adjust for any fee waivers
and/or expense reimbursements.
Beta measures a fund’s volatility in comparison to the market as a whole. A beta of 1.00
indicates a fund has been exactly as volatile as the market.
P/E ratio is the number by which earnings per share is multiplied to estimate a stock svalue.
Standard deviation/Volatility: A statistical measure of the degree to which the Fund s
returns have varied from its historical average. The higher the standard deviation, the wider
the range of returns from its average and the greater the historical volatility. The standard
deviation is calculated over a 36 month period based on Fund s monthly returns.
Weighted average market capitalization is a stock market index weighted by the market
capitalization of each stock in the index.
EPS: Total earnings divided by the number of shares outstanding.
Entities
J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is anaffiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees forproviding various services to the funds. JPMorgan Distribution Services, Inc. is a memberof FINRA.
J.P. Morgan Asset Management is the brand name for the asset management business ofJPMorgan Chase & Co and its affiliates worldwide.
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©JPMorgan Chase & Co., April 2024

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

FS-JEPQ-ETF Shares-0324