JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF
BBCB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 383 Madison Avenue New York NY United States of America 10179
- IPO Date
- Dec 17, 2018
- CIK
- 0001485894
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) is an exchange-traded fund that seeks to provide exposure to U.S. investment grade corporate debt through a passive, indexed approach by tracking the Bloomberg U.S. Corporate Bond Index. The fund invests primarily in USD-denominated, publicly issued investment grade corporate bonds from U.S. and non-U.S. industrial, utility, and financial issuers meeting specified maturity, liquidity, and quality criteria; it holds approximately 1,053 securities with sector allocations including financial institutions (31.9%), consumer noncyclical (15.9%), and communications (7.8%), credit quality distributed across AAA (1.7%), AA (6.1%), A (46.0%), and BBB (46.3%), and maturities spanning less than one year to over 20 years. Distributed monthly by JPMorgan Distribution Services, Inc., an affiliate of JPMorgan Chase & Co., the ETF targets institutional and retail investors seeking corporate bond market performance with a low net expense ratio of 0.04% and assets under management around $40 million. Launched on December 12, 2018, and domiciled in the United States with trading on NYSE Arca, BBCB underwent a major strategic shift prior to February 1, 2023, when it transitioned from an actively managed strategy under the name JPMorgan High Yield Research Enhanced ETF (ticker JIGB) to its current passive indexing approach, renaming to its present title, adopting the Bloomberg U.S. Corporate Bond Index, changing its ticker to BBCB, and reducing its expense ratio from 0.14% to 0.04%. The portfolio is managed by Qiwei Zhu (17 years experience, since October 2021), Sameer Iqbal (12 years, since October 2023), and Mark Willauer (16 years, since July 2024). Available for sale in markets including the United States, Mexico, and Switzerland, the fund focuses on the corporate bond segment without specific maturity or duration targets.