JPMorgan International Bond Opportunities ETF
Actively managed developed international bond ETF
As of its 2026 Q2 report, JPMorgan International Bond Opportunities ETF held 992 positions with $2.01B in net assets. Its ten largest holdings made up 24.1% of the fund. The JPIB share class costs 0.5% a year. Over the 12 months to May 2026, JPIB returned 5.7%, with dividends reinvested. In 2026 Q2 it added 94 new positions and exited 97.
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.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
MGMXXJPMorgan U.S. Government Money Market Fund | 4.21% | $84.58M | — |
Canada 3.00% · due 2027-02-01 | 3.78% | $75.94M | — |
Federal Republic of Germany 2.10% · due 2028-03-15 | 2.81% | $56.47M | — |
Canada 4.00% · due 2026-08-01 | 2.62% | $52.57M | — |
Canada 3.25% · due 2035-06-01 | 2.59% | $52.11M | — |
Federative Republic of Brazil 10.00% · due 2031-01-01 | 1.99% | $39.90M | — |
Commonwealth of Australia 1.25% · due 2032-05-21 | 1.87% | $37.57M | — |
Republic of Italy 3.60% · due 2035-10-01 | 1.70% | $34.10M | — |
United Mexican States 7.75% · due 2034-11-23 | 1.35% | $27.09M | — |
Republic of South Africa 9.00% · due 2040-01-31 | 1.23% | $24.76M | — |
The 200 largest of 992 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 | 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.
How it has done
JPIB share class · total returns with dividends reinvested
Volatility over the last 12 months: 4.03%. Past returns are a record, not a forecast.
Fees & fund details
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
- Expense ratio, by class
- 0.50%· JPIB 0.50%
- Portfolio turnover
- 30.00% 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.
94 new· the largest 6
97 exited· the largest 4
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.
Understand how this fund fits with the rest.
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