JPMorgan Active High Yield ETF
J.P. Morgan Exchange-Traded Fund Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
JPMorgan Active High Yield ETF is an actively managed U.S. bond ETF.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- High yield
- Rate sensitivity
- Short duration
Fund profile
As filed in the prospectus · 2026 Q2
The Fund seeks to achieve a return in excess of the benchmark by investing primarily in below investment grade corporate debt securities. A high level of current income is the Funds primary objective and capital appreciation is a secondary objective.
The fund seeks to outperform the ICE BofA US High Yield Constrained Index by selecting below-investment-grade corporate debt securities through fundamental credit analysis of individual issuers, including assessment of business prospects, capital structure, and covenants, with the adviser overweighting and underweighting positions relative to the benchmark based on that analysis. Because the fund's returns depend on the adviser's security selection decisions rather than index replication, performance may diverge materially from the benchmark. The fund may invest up to 100% of assets in below-investment-grade or unrated securities, including distressed debt of financially troubled issuers, and may hold unfunded commitments to purchase securities as part of its principal strategy.
| Share class | Expense ratio |
|---|---|
| JPHY | 0.45% |
Portfolio turnover 19.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 95.81% |
| Cash & short-term | 2.30% |
| Stocks | 0.04% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 50.7% |
| International | 8.3% |
| Industrials | 6.7% |
| Consumer Discretionary | 6.6% |
| 10 smaller | 27.7% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: Nexstar Media, Inc. ×2, United States of America ×3, PR RNO Property Owner 1 LLC, Meridian Arc Holdco LLC, CCO Holdings LLC
Largest exited: CCO Holdings LLC, Nexstar Media, Inc., Frontier Communications Holdings LLC, NuStar Logistics LP, Archrock Partners LP, Kodiak Gas Services LLC, Harvest Midstream I LP, Univision Communications, Inc.
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
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 | 99.8% |
| Floating rate | 0.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 5.0% |
| 1-3y | 25.4% |
| 3-5y | 33.3% |
| 5-10y | 36.1% |
| 10y+ | 0.1% |
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 nearly 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 | 52% |
| Credit spreads | 48% |
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.
| High yield | +2.27 yr |
| Investment grade | +0.14 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.04 yr | 1% |
| 1 yr | 0.68 yr | 26% |
| 5 yr | 1.54 yr | 60% |
| 10 yr | 0.32 yr | 12% |
| 30 yr | 0.00 yr | 0% |
| 3 mo | 0.02 yr | 1% |
| 1 yr | 0.59 yr | 25% |
| 5 yr | 1.75 yr | 73% |
| 10 yr | 0.05 yr | 2% |
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 | +0.04 | +0.00 | +0.01 | $853 | $3.3k |
| 1 yr | +0.68 | +0.05 | +0.54 | $11.0k | $120.0k |
| 5 yr | +1.54 | +0.08 | +1.67 | $18.7k | $368.4k |
| 10 yr | +0.32 | +0.01 | +0.04 | $1.5k | $9.6k |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| MGMXX | JPMorgan U.S. Government Money Market FundMGMXX | 2.30% | $50.88M | — |
| — | CCO Holdings LLC4.75% · due 2032-02-01 | 1.09% | $24.01M | — |
| — | Royal Caribbean Cruises Ltd.6.00% · due 2033-02-01 | 1.02% | $22.64M | — |
| — | Live Nation Entertainment, Inc.6.50% · due 2027-05-15 | 0.82% | $18.19M | — |
| — | Venture Global LNG, Inc.9.88% · due 2032-02-01 | 0.80% | $17.65M | — |
| — | CCO Holdings LLC4.50% · due 2033-06-01 | 0.78% | $17.21M | — |
| — | Ford Motor Credit Co. LLC4.13% · due 2027-08-17 | 0.75% | $16.57M | — |
| — | CCO Holdings LLC4.75% · due 2030-03-01 | 0.73% | $16.07M | — |
| — | American Airlines, Inc.5.75% · due 2029-04-20 | 0.71% | $15.79M | — |
| — | EMRLD Borrower LP6.63% · due 2030-12-15 | 0.71% | $15.75M | — |
Top 10 positions are 9.72% of net assets, top 25 18.54%, across 311 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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