JPMorgan International Bond Opportunities ETF
J.P. Morgan Exchange-Traded Fund Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
JPMorgan International Bond Opportunities ETF is an actively managed developed international bond ETF.
- Asset class
- Bonds
- Region
- Developed international
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Mixed credit
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2026 Q2
The Fund seeks to provide total return.
The fund invests in bonds issued globally across developed and emerging markets, with the adviser shifting exposure across sectors, countries and currencies based on its assessment of market conditions and economic opportunities. At least 25% of assets are held in investment-grade securities, though the adviser may reduce this share to pursue higher-yielding opportunities as conditions improve. The fund may concentrate substantially in a single country and uses currency derivatives, mortgage-backed securities, structured credit instruments and other derivatives to implement its strategy. Because the fund is not managed to a benchmark, its returns depend entirely on the adviser's security selection and tactical allocation decisions.
| Share class | Expense ratio |
|---|---|
| JPIB | 0.50% |
Portfolio turnover 30.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 92.86% |
| Cash & short-term | 4.35% |
| Securitized | 0.16% |
| Stocks | 0.03% |
| Derivatives | -0.01% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| International | 43.7% |
| Government | 37.4% |
| Financials | 6.6% |
| Cash | 4.5% |
| 10 smaller | 7.7% |
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: Federal Republic of Germany, United States of America ×3, Republic of South Africa, Ford Motor Credit Co. LLC, RD Michigan Property Owner I LLC, Republic of Angola
Largest exited: United Kingdom of Great Britain and Northern Ireland, Republic of Indonesia ×3, Canada ×3, Republic of South Africa
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 | 75.6% |
| Floating rate | 24.4% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 8.7% |
| 1-3y | 14.6% |
| 3-5y | 21.5% |
| 5-10y | 42.8% |
| 10y+ | 12.4% |
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 | 62% |
| Credit spreads | 38% |
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 | +2.33 yr |
| High yield | +0.80 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 | 1.13 yr | 21% |
| 5 yr | 2.40 yr | 45% |
| 10 yr | 1.80 yr | 34% |
3 mo and 30 yr are NEGATIVE (-0.01 yr, -0.32 yr) — a deliberate hedge at that point on the curve, so they are not part of the band above.
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.24 yr | 8% |
| 5 yr | 1.40 yr | 45% |
| 10 yr | 1.14 yr | 37% |
| 30 yr | 0.34 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 | $276 | $816 |
| 1 yr | +1.13 | +0.09 | +0.16 | $17.7k | $31.5k |
| 5 yr | +2.40 | +0.92 | +0.48 | $184.7k | $96.8k |
| 10 yr | +1.80 | +1.02 | +0.12 | $205.6k | $24.2k |
| 30 yr | -0.32 | +0.30 | +0.03 | $60.6k | $6.9k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 5.01 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
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 | 4.21% | $84.58M | — |
| — | Canada3.00% · due 2027-02-01 | 3.78% | $75.94M | — |
| — | Federal Republic of Germany2.10% · due 2028-03-15 | 2.81% | $56.47M | — |
| — | Canada4.00% · due 2026-08-01 | 2.62% | $52.57M | — |
| — | Canada3.25% · due 2035-06-01 | 2.59% | $52.11M | — |
| — | Federative Republic of Brazil10.00% · due 2031-01-01 | 1.99% | $39.90M | — |
| — | Commonwealth of Australia1.25% · due 2032-05-21 | 1.87% | $37.57M | — |
| — | Republic of Italy3.60% · due 2035-10-01 | 1.70% | $34.10M | — |
| — | United Mexican States7.75% · due 2034-11-23 | 1.35% | $27.09M | — |
| — | Republic of South Africa9.00% · due 2040-01-31 | 1.23% | $24.76M | — |
Top 10 positions are 24.13% of net assets, top 25 34.48%, across 472 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.
Sign in free