JPMorgan Active Bond ETF
Actively managed U.S. bond ETF
As of its 2026 Q2 report, JPMorgan Active Bond ETF held 1,655 positions with $8.07B in net assets. Its ten largest holdings made up 16.2% of the fund. The JBND share class costs 0.25% a year. Over the 12 months to May 2026, JBND returned 5.7%, with dividends reinvested. In 2026 Q2 it added 194 new positions and exited 57.
The Fund seeks to deliver total return from a portfolio of investment grade intermediate- and long-term bonds.
The fund seeks to outperform the Bloomberg US Aggregate Index over a market cycle by selecting investment-grade bonds across corporate, government, mortgage-backed, and asset-backed sectors, with an average weighted maturity typically between 4 and 12 years and duration within 20% of the benchmark. Because the fund's outperformance depends on the portfolio manager's security selection decisions rather than index replication, performance may diverge from the benchmark. The fund may hold up to 5% in below-investment-grade securities despite an investment-grade mandate.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
MGMXXJPMorgan U.S. Government Money Market Fund | 3.69% | $297.67M | — |
United States of America 3.88% · due 2034-08-15 | 1.86% | $150.16M | — |
United States of America 4.50% · due 2033-11-15 | 1.79% | $144.50M | — |
United States of America 3.63% · due 2029-08-31 | 1.69% | $136.25M | — |
United States of America 4.00% · due 2034-02-15 | 1.49% | $120.50M | — |
United States of America 1.88% · due 2032-02-15 | 1.46% | $117.70M | — |
United States of America 0.00% · due 2036-02-15 | 1.21% | $97.96M | — |
United States of America 4.00% · due 2032-07-31 | 1.15% | $92.59M | — |
United States of America 4.13% · due 2032-02-29 | 0.96% | $77.22M | — |
United States of America 0.00% · due 2037-08-15 | 0.90% | $72.61M | — |
The 200 largest of 1,655 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 49.33% |
| Securitized | 49.14% |
| Cash & short-term | 3.69% |
| Derivatives | 0.05% |
Derivatives are shown at market value, not notional exposure.
How it has done
JBND share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.49%. Past returns are a record, not a forecast.
Fees & fund details
JPMorgan Active Bond ETF is an actively managed U.S. bond ETF.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
- Expense ratio, by class
- 0.25%· JBND 0.25%
- Portfolio turnover
- 42.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
194 new· the largest 4
57 exited· the largest 2
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 69.2% |
| Floating rate | 17.9% |
| Zero-coupon or unclassified | 12.9% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.5% |
| 1-3y | 3.7% |
| 3-5y | 12.2% |
| 5-10y | 33.5% |
| 10y+ | 50.2% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 67% |
| Credit spreads | 33% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +2.94 yr |
| High yield | +0.08 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 1 yr | 0.54 yr | 9% |
| 5 yr | 1.68 yr | 27% |
| 10 yr | 2.38 yr | 39% |
| 30 yr | 1.58 yr | 26% |
3 mo is NEGATIVE (-0.01 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.29 yr | 10% |
| 5 yr | 1.18 yr | 39% |
| 10 yr | 1.22 yr | 40% |
| 30 yr | 0.32 yr | 11% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.01 | +0.00 | +0.00 | $1.9k | $0 |
| 1 yr | +0.54 | +0.27 | +0.03 | $213.9k | $21.7k |
| 5 yr | +1.68 | +1.13 | +0.05 | $912.7k | $43.1k |
| 10 yr | +2.38 | +1.22 | +0.00 | $984.9k | $3.4k |
| 30 yr | +1.58 | +0.32 | +0.00 | $260.9k | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
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