JPMorgan BetaBuilders Europe Fund Shs Unsponsored Brazilian Depositary Receipt Repr 0.2 Sh is an exchange-traded unsponsored Brazilian Depositary Receipt (BDR) program traded on the B3 (Brasil, Bolsa, Balcão) under the ticker BBEU39, representing fractional equity ownership in the JPMorgan BetaBuilders Europe ETF (NYSE Arca: BBEU). The underlying fund is an exchange-traded fund issued by J.P. Morgan Exchange-Traded Fund Trust and managed by J.P. Morgan Investment Management Inc., an asset management subsidiary of JPMorgan Chase & Co., which traces its origins to 1799 and is headquartered in New York, New York, with Banco B3 S.A. serving as the depositary institution in Brazil. The instrument is designed to provide Brazilian institutional and individual investors with direct, local-currency exposure to developed European equity markets without requiring offshore brokerage accounts. The primary products and services offered through the vehicle encompass: broad-market European equity portfolio access weighted toward large- and mid-capitalization companies; multi-country geographic allocation covering developed markets including the United Kingdom, France, Switzerland, Germany, the Netherlands, Sweden, Denmark, Italy, and Spain; systematic sector diversification across financials, industrials, healthcare, consumer staples, consumer discretionary, information technology, materials, and energy; passive index-tracking investment strategies benchmarked against the Morningstar Developed Europe Target Market Exposure Index; pass-through dividend distribution services converted from foreign currency into Brazilian Real (BRL); and exchange-based liquidity and secondary market trading execution on the B3 exchange. In recent developments over the past one to two years, the underlying ETF platform and its associated global depositary receipts have undergone continuous index rebalancings and portfolio reconstitutions to reflect structural shifts in European corporate valuations, monetary policy transitions by the European Central Bank and Bank of England, and expanded weightings in high-conviction industrial, energy transition, and technology holdings. Furthermore, J.P. Morgan Asset Management and international depositary networks have broadened their cross-border distribution frameworks, expanded market-making capabilities on B3 to enhance intraday liquidity and minimize tracking error, and continued the operational integration of enhanced risk analytics and low-cost beta management solutions across the global BetaBuilders product family.