Fact Sheet | June 30, 2025

JPMorgan Equity Premium Income ETF

Ticker: JEPI

Designed to provide current income while Performance

maintaining prospects for capital appreciation. F1 Fund: at NAV
F2 Fund: Market price returns
Approach B1 Benchmark 1: S&P 500 Index
• Generates income through a combination of selling B2 Benchmark 2: ICE BofA 3-Month US Treasury Bill Index
options and investing in U.S. large cap stocks, seeking to Growth of $10,000
deliver a monthly income stream from associated option
premiums and stock dividends 19
Ending Value
• Constructs a diversified, low volatility equity portfolio 18
F $17,588
through a proprietary research process designed to 17
identify over- and undervalued stocks with attractive 16
risk/return characteristics
15
• Seeks to deliver a significant portion of the returns
14
associated with the S&P 500 Index with less volatility, in
addition to monthly income 13
12
Expertise 11
10
Portfolio manager(s) and years of experience 20 21 22 23 24 25
Hamilton Reiner, 38 years Matt Bensen, 10 years 5/20/2020 (Launch) 6/30/2025
Raffaele Zingone, 34 years Judy Jansen, 10 years Since inception with dividends and capital gains reinvested. There is no direct
correlation between a hypothetical investment and the anticipated
performance of the Fund.
Fund Information
Calendar Year Performance (%)
Class launch Annual expenses (%)
May 20, 2020 Gross Expenses: 0.350 50

CUSIP Net Expenses: 0.350

25
46641Q332
Value of investments 0
$40.93 B
-25
Ratings
Morningstar Medalist RatingTM BRONZE - 9/26/2024 -50
2021 2022 2023 2024
Analyst-Driven % 100
F1 21.61 -3.54 9.88 12.56
Data Coverage % 100
F2 21.50 -3.52 9.81 12.58
Morningstar Star Rating 6/30/25
TM B1 28.71 -18.11 26.29 25.02
Overall Morningstar Rating ★★★★
Morningstar CategoryTM Derivative Income Yield (%)
As of 6/30/25
Overall Morningstar ratings 4 stars; 74 funds. Three year rating 3 stars; 74 funds. Five
year rating 4 stars; 65 funds. Ten year period not yet rated. Ratings reflect risk- 30-day SEC yield 8.62
adjusted performance. Different share classes may have different ratings. 30-day SEC yield (unsubsidized) 8.62
Overall Morningstar RatingTM for a fund is derived from a weighted average of the 12-month rolling dividend yield† 8.13
performance figures associated with its three-, five-, and 10-year (if applicable)
Morningstar Rating metrics. Return (%)
Total Return Average Annual Return
3mos YTD 1yr 3yrs 5yrs Launch^
F1 at NAV 2.08 2.48 8.67 10.17 11.61 11.68
Performance Disclosures Market price
The performance quoted is past performance and is not a guarantee of F2 2.08 2.52 8.77 10.19 11.55 11.69
returns
future results. Investment returns and principal value of an investment
will fluctuate so that an investor's shares, when sold or redeemed, may B1 10.94 6.20 15.16 19.71 16.64 17.26
be worth more or less than original cost. Current performance may be B2 1.04 2.07 4.68 4.57 2.77 2.71
higher or lower than the performance data shown. For performance
current to the most recent month-end please call 1-844-4JPM-ETF.
Total Returns based on NAV and Market Price do not reflect brokerage
commissions or sales charges in connection with the purchase or sale of Fund
shares, which if included would lower the performance shown above. The NAV
used in the Total Return calculation assumes all management fees and
operating 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 as
well as any special income distributions in the intervening period. Dividend
yield (non-annualized) is calculated by dividing the dividend per share by the
net asset value per share as of the relevant ex-dividend date.
^
Fund performance inception: 5/20/2020
A fund's NAV is the sum of all its assets less any liabilities, divided by the
number of shares outstanding.
YTD returns are as of the last business day of the month.
Must be preceded or accompanied by a prospectus.
Fact Sheet | June 30, 2025 | JPMorgan Equity Premium Income ETF Page 2 of 2

Holdings Sectors (%)

Top 10 (%) Communication Services 6.3
Consumer Discretionary 8.5
META PLATFORMS INC 1.7
Consumer Staples 7.8
ORACLE CORP COMMON STOCK 1.7
Energy 2.6
MICROSOFT CORP COMMON 1.7
Financials 13.6
NVIDIA CORP COMMON STOCK 1.6
Health Care 11.4
VISA INC COMMON STOCK 1.6
Industrials 13.1
MASTERCARD INC COMMON 1.6
Information Technology 15.6
TRANE TECHNOLOGIES PLC 1.6
Materials 1.2
AMAZON.COM INC COMMON 1.6
Real Estate 2.9
PROGRESSIVE CORP/THE 1.5
Utilities 4.7
THE SOUTHERN COMPANY 1.5
Other 12.6

Portfolio Analysis
JEPI S&P 500 Index
Price to earnings (P/E ratio) 21.25 22.59
Weighted average market cap $440.18 $1064.62
Beta (1-year) 0.60 -
Standard deviation (1-year) 9.05 12.43
Turnover ratio (trailing 12 174.00 -
months) (6/30/2024) (%)
Number of holdings 122 503
EPS Growth 10.43 11.01

Investors should carefully consider the investment objectives and risks as well as placing more emphasis on downward variations and rewarding consistent performance.
charges and expenses of the JPMorgan ETF before investing. The summary and full The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4
prospectuses contain this and other information about the ETF. Read the prospectus stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10%
carefully before investing. Call 1-844-4JPM-ETF or visit www.jpmorganETFs.com to receive 1 star. The Overall Morningstar Rating for a managed product is derived from a
obtain a prospectus. weighted average of the performance figures associated with its three-, five-, and 10-year
Due to rounding, values may not total 100%. (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for
Sector and country or region excludes cash. 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119
months of total returns, and 50% 10- year rating/30% five-year rating/20% three-year
This document is a general communication being provided for informational purposes rating for 120 or more months of total returns. While the 10-year overall star rating formula
only. It is educational in nature and not designed to be a recommendation for any specific seems to give the most weight to the 10-year period, the most recent three-year period
investment product, strategy, plan feature or other purpose. Any examples used are actually has the greatest impact because it is included in all three rating periods.
generic, hypothetical and for illustration purposes only. Prior to making any investment or Rankings do not take sales loads into account.
financial decisions, an investor should seek individualized advice from personal financial,
legal, tax and other professionals that take into account all of the particular facts and The Morningstar Medalist RatingTM is a summary expression of Morningstar’s forward-
circumstances of an investor's own situation. looking analysis of investment strategies using a rating scale of Gold, Silver, Bronze,
Neutral and Negative. Medalist Ratings indicate which investments Morningstar believes
Risk Summary are likely to outperform a relevant index or peer group average on a risk-adjusted basis
Investments in Equity-Linked Notes (ELNs) are subject to liquidity risk, which may make over time. Products are evaluated on three key pillars (People, Parent, and Process) which,
ELNs difficult to sell and value. Lack of liquidity may also cause the value of the ELN to when coupled with fees, forms the basis for Morningstar’s conviction in those products’
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as credit or counterparty risk. Should the prices of the underlying instruments move in an expected performance into rating groups defined by their Morningstar Category and their
unexpected manner, the Fund may not achieve the anticipated benefits of an investment in active or passive status. Analyst-covered products are assigned the three pillar ratings
an ELN, and may realize losses, which could be significant and could include the Fund's based on the analyst’s qualitative assessment, subject to the Analyst Rating Committee’s
entire principal investment. oversight, monitored and reevaluated at least every 14 months. Ratings are assigned
The price of equity securities may fluctuate rapidly or unpredictably due to factors affecting monthly for vehicles covered either indirectly by analysts or by algorithm. For more detailed
individual companies, as well as changes in economic or political conditions. These price information including methodology, please go to
movements may result in loss of your investment. global.morningstar.com/managerdisclosures.
Annual Operating Expenses Ratings and rankings should not be used as the sole basis in evaluating an investment
The Fund’s management agreement provides that the adviser will pay substantially all product and should not be considered an offer or solicitation to buy or sell the investment
expenses of the Fund, except for the management fees, payments under the Fund’s 12b-1 product.
plan (if any), interest expenses, dividend and interest expenses related to short sales, ©2025 Morningstar Inc. All rights reserved. Morningstar information is proprietary to
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litigation and other extraordinary expenses not incurred in the ordinary course of the Definitions
Fund’s business. The Fund shall be responsible for its non-operating expenses, including 30-day SEC Yield: Represents net investment income earned by a fund over a 30-day
brokerage commissions and fees and expenses associated with the Fund’s securities period, expressed as an annual percentage rate based on the fund s share price at the end
lending program, if applicable. of the 30-day period. The 30-day yield should be regarded as an estimate of investment
Indexes income and may not equal the fund s actual income distribution rate.
ETFs have fees that reduce their performance: indexes do not. You cannot invest directly in 30-day SEC Yield (unsubsidized): Unsubsidized yield does not adjust for any fee waivers
an index. and/or expense reimbursements.
The S&P 500 Index is an unmanaged index generally representative of the performance of Beta measures a fund’s volatility in comparison to the market as a whole. A beta of 1.00
large companies in the U.S. stock market. Index levels are in total return USD. indicates a fund has been exactly as volatile as the market.
The ICE BofA 3-Month US Treasury Bill Index is comprised of a single issue purchased at the P/E ratio is the number by which earnings per share is multiplied to estimate a stock s
beginning of the month and held for a full month. The index is rebalanced monthly and the value.
issue selected is the outstanding Treasury Bill that matures closest to, but not beyond 3 Standard deviation/Volatility: A statistical measure of the degree to which the Fund s
months from the rebalancing date. returns have varied from its historical average. The higher the standard deviation, the wider
Top Holdings 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.
The top 10 holdings listed exclude cash and money markets. Holdings are subject to
change. The holdings listed should not be considered recommendations to purchase or Weighted average market capitalization is a stock market index weighted by the market
sell a particular security. Each individual security is calculated as a percentage of the net capitalization of each stock in the index.
assets. EPS: Total earnings divided by the number of shares outstanding.
For more information regarding the Equity-Linked Notes please see “Equity Premium Entities
Income ETF - Equity Linked Notes Estimated SPX – Equivalent Unit Delta-Gamma” found on J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is an
the Documents tab of the fund’s website. affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for
Ratings and Awards providing various services to the funds. JPMorgan Distribution Services, Inc. is a member
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products of FINRA.
(including mutual funds, variable annuity and variable life subaccounts, exchange-traded J.P. Morgan Asset Management is the brand name for the asset management business of
funds, closed-end funds, and separate accounts) with at least a three-year history. JPMorgan Chase & Co and its affiliates worldwide.
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measure that accounts for variation in a managed product s monthly excess performance, ©JPMorgan Chase & Co., July 2025

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE FS-JEPI-ETF Shares-0625