JPMorgan Core Plus Bond ETF
JCPB
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
- Mar 12, 2019
- CIK
- 0001485894
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan Core Plus Bond ETF (JCPB) is an actively managed exchange-traded fund that seeks a high level of current income with the potential for capital appreciation by investing primarily in a diversified portfolio of investment-grade fixed income securities; up to 30% in below investment-grade securities including high yield bonds; and up to 25% in non-U.S. dollar-denominated or issued securities including emerging market debt. Core holdings include U.S. Treasuries/futures (31.1%), agency mortgage-backed securities (27.0%), investment-grade corporate bonds (23.6%), commercial mortgage-backed securities (10.0%), and asset-backed securities (7.9%), supplemented by non-agency mortgage-backed securities (3.7%), high yield corporate bonds (7.6%), and cash equivalents (4.4%); the portfolio features 2,582 holdings with an average duration of 6.08 years, average life of 8.35 years, and a net yield to maturity of 4.98% as of September 30, 2025. Issued by JPMorgan Chase & Co. under the JPMorgan brand and listed on the Cboe BZX Exchange, Inc., the ETF targets institutional and retail investors seeking broad-market bond exposure with active risk management through bottom-up security selection integrated with top-down macro analysis for yield curve positioning, duration, and sector allocation; it operates within the intermediate core-plus bond category with total net assets of approximately $8.42 billion and a net expense ratio of 0.38%. Launched on January 28, 2019, and domiciled in the United States with management from J.P. Morgan Asset Management's global fixed income platform overseeing more than $965 billion in assets across seven locations in five countries, JCPB maintains a U.S.-focused portfolio with limited non-U.S. exposure (8.96%) available primarily to U.S. investors. In recent developments, the ETF has sustained strong risk-adjusted performance, earning a Morningstar Gold Medalist Rating (as of October 1, 2025) and 4-star overall rating (as of October 31, 2025) in the intermediate core-plus bond category, with top-quartile 3-year absolute returns and outperformance of the Bloomberg U.S. Aggregate Index in 100% of rolling 3-year periods over the past five years; assets under management grew to $8.42 billion by late 2025 amid favorable fixed income market conditions and consistent monthly dividend distributions yielding 5.03% on a 12-month rolling basis. The fund continues to leverage an expanded portfolio management team including Priya Misra (joined J.P. Morgan in recent years) alongside long-tenured professionals such as Kay Herr (31 years industry experience) and Richard Figuly (32 years), with no major structural changes, acquisitions, or new product launches reported in the last 1-2 years.