JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF
BBLB
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
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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.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 383 Madison Avenue New York NY United States of America 10179
- IPO Date
- May 2, 2023
- CIK
- 0001485894
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) is a passively managed exchange-traded fund that seeks investment results corresponding to the performance of the ICE U.S. Treasury 20+ Year Bond Index, before fees and expenses. The fund primarily invests at least 80% of its assets in fixed-rate U.S. Treasury securities with a minimum term to maturity greater than 20 years, employing a representative sampling approach to replicate index characteristics; it holds approximately 41-43 securities, with nearly 100% allocated to Treasuries and a small cash position. Launched on April 19, 2023, and listed on Cboe BZX, the ETF is issued by J.P. Morgan Exchange-Traded Fund Trust and managed by J.P. Morgan Asset Management, part of JPMorgan Chase & Co., headquartered in New York. The fund targets investors seeking current income and long-duration U.S. government bond exposure, with key metrics including a net expense ratio of 0.04%, average duration of 15.91 years, average life of 26.17 years, and a 30-day SEC yield of approximately 4.96% as of August 2025. It distributes dividends monthly and maintains 100% U.S. government credit quality, focusing on the long government segment of the fixed income market. Portfolio managers include Mark Willauer (16 years experience), Evan Olonoff (13 years), and Jan Ho (28 years). BBLB operates exclusively in U.S. dollar-denominated securities within the domestic U.S. Treasury market, with no international geographic exposure. As part of J.P. Morgan's BetaBuilders ETF suite, it was launched alongside companion funds JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) and 3-10 Year ETF (BBIB) to expand fixed income offerings across the yield curve. Recent developments include a Morningstar Silver Medalist Rating as of July 31, 2025, and ongoing growth in assets under management to $7.16 million as of August 2025; J.P. Morgan Asset Management also entered a partnership with BUX in August 2025 to offer active ETF portfolios in Europe, though BBLB remains U.S.-focused. No major acquisitions, funding rounds, or strategic shifts specific to BBLB have been reported in the last 1-2 years.