JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Shs Unsponsored Brazilian Depositary Receipt Repr 0.2 Sh
BB3:BBAX3964.00
BRL
0.00
(0.00%)
JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Shs Unsponsored Brazilian Depositary Receipt Repr 0.2 Sh
B3:BBAX39
(B3)
Recent
price
64.00
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
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- JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Shs Unsponsored Brazilian Depositary Receipt Repr 0.2 Sh is a cross-border exchange-traded financial instrument that provides Brazilian institutional and retail investors with indirect exposure to U.S. dollar-denominated investment-grade corporate debt markets. Managed under the asset management division of JPMorgan Chase & Co., which was founded in 1799 and is headquartered in New York, New York, the security trades on the B3 (Brasil, Bolsa, Balcão) in São Paulo, Brazil under the ticker symbol BBAX39, with each unsponsored Brazilian Depositary Receipt (BDR) representing 0.20 shares (a 5:1 ratio) of the underlying U.S.-domiciled JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (Ticker: BBCB). The underlying investment vehicle operates within the global asset management and fixed-income exchange-traded fund industry, targeting retail wealth allocators, institutional pension funds, and asset managers seeking credit exposure, capital preservation, and foreign exchange diversification. The instrument delivers its core investment and product offerings by tracking the investment results of the market-value-weighted Bloomberg U.S. Corporate Bond Index; providing direct portfolio exposure to SEC-registered, investment-grade, taxable corporate bonds rated BBB- or higher; investing across multiple industrial and financial market sectors, including banking, consumer goods, technology, communications, utilities, and energy; holding securities diversified across short-, intermediate-, and long-term maturity profiles with fixed coupon structures; and distributing monthly income generated from underlying bond coupon receipts, converted from U.S. dollars into Brazilian reais for local receipt holders. Geographically, the underlying portfolio assets are predominantly concentrated in the United States while encompassing multinational corporate issuers across North America, Europe, and Asia-Pacific, with local receipt custody, trading, and settlement administered within the Brazilian capital market infrastructure. In recent developments, the JPMorgan BetaBuilders ETF platform has executed major strategic expansions across its low-cost fixed-income suite to capture changing global interest rate environments and heightened institutional demand for high-grade credit; enhanced secondary market liquidity on the B3 through expanded authorized participant and market-maker networks; incorporated regular Bloomberg index rebalancing optimizations into portfolio construction; and capitalized on regulatory modernizations under Brazil's CVM Resolution 175 framework, which broadens general public investor access to international ETF-backed BDRs and streamlines cross-border capital flows across Latin American markets.