- Business
- JPMorgan Sustainable Infrastructure ETF (BLLD) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in common stocks, depositary receipts, and real estate investment trusts (REITs) of companies developing infrastructure for a sustainable and inclusive economy. The fund employs a thematic investment approach, targeting companies within key sub-themes including electricity infrastructure, renewables infrastructure, transport infrastructure, water infrastructure, digital infrastructure, sustainable logistics, medical infrastructure, social housing, and education infrastructure; it focuses on facilitating access to essential goods and services, improved connectivity, social infrastructure, and environmental resilience. BLLD maintains significant exposure to sectors such as utilities (40%), real estate (32.5%), and industrials (18.7%), with top holdings including Welltower Inc. (5.3%), Engie SA (4.8%), and Equinix Inc. (4.5%); its portfolio spans global markets, with approximately 48% allocated to United States equities, followed by the United Kingdom (11.7%), France (8.5%), and other regions including Spain, China, and emerging markets.
Launched on September 7, 2022, by J.P. Morgan Asset Management, a business unit of JPMorgan Chase & Co., the ETF is headquartered at 270 Park Avenue, New York, and managed by a team including Fred Barasi (24 years experience), Victor Li (15 years), and Sara Bellenda. The fund, with net assets of $20.30 million as of February 2025 and an expense ratio of 0.490%, trades on the NASDAQ exchange under ticker BLLD (CUSIP: 46654Q500) and targets institutional and retail investors seeking thematic exposure to sustainable infrastructure solutions worldwide, including developed and emerging markets.
In a significant recent development, J.P. Morgan Asset Management announced on February 18, 2025, the liquidation and dissolution of the JPMorgan Sustainable Infrastructure ETF, marking a major strategic shift amid ongoing portfolio optimization efforts. This follows the fund's launch as part of an expansion of JPMAM's sustainable thematic ETF suite, which included simultaneous introductions of the JPMorgan Sustainable Consumption ETF (CIRC) and JPMorgan Social Advancement ETF (UPWD). No additional major partnerships, acquisitions, or new product launches have been reported for BLLD in the last two years, with the fund maintaining its active management structure through early 2025 prior to the liquidation notice.