JAGG ETF — Holdings & Analysis

JAGG differentiates itself through active management within the U.S. aggregate bond space, offering a potentially different risk/return profile compared to passively managed peers. Past performance does not guarantee future results.

JPMorgan U.S. Aggregate Bond ETF (JAGG) ETF — Price, Holdings & Analysis

The JPMorgan U.S. Aggregate Bond ETF (JAGG) is an actively managed fund with $1.36 billion in assets under management. With an exceptionally low expense ratio of 0.03%, JAGG focuses on providing long-term returns through investment-grade U.S. dollar-denominated bonds. JAGG differentiates itself through active management within the U.S. aggregate bond space, offering a potentially different risk/return profile compared to passively managed peers. Past performance does not guarantee future results.

ETF Overview

Under normal circumstances, the fund invests at least 80% of its assets in bonds denominated in U.S. dollars. The fund is actively managed and seeks to provide long-term return by principally investing in corporate bonds, U.S. treasury obligations and other U.S. government and agency securities, and asset-backed, mortgage-related and mortgage-backed securities, all of which are rated investment grade by a nationally recognized statistical rating organization or that are unrated but are deemed by the fund's adviser, J.P. Morgan Investment Management Inc. to be of comparable quality.

JAGG is designed to deliver long-term returns by investing primarily in investment-grade U.S. dollar-denominated bonds. The fund's strategy involves actively selecting corporate bonds, U.S. Treasury obligations, U.S. government and agency securities, and asset-backed, mortgage-related, and mortgage-backed securities. The fund maintains a diversified portfolio, with significant allocations to Communication Services (58.7%), Cash & Others (25.4%), and Financial Services (12.1%). A notable portion of the fund's exposure is to the United States (70.9%), with smaller allocations to Other (25.4%) and the Cayman Islands (3.8%). With 71 holdings, JAGG aims to provide a comprehensive exposure to the U.S. investment-grade bond market while actively managing credit risk and duration. This active approach distinguishes it from passive ETFs tracking similar indices, potentially leading to different performance outcomes. Past performance does not guarantee future results.

Risk Metrics

JAGG, while diversified across investment-grade bonds, exhibits concentration risk with a significant allocation to Communication Services at 58.7%. The fund's beta of 1.00 indicates market-like volatility compared to the broader market. The 0.03% expense ratio helps to minimize expense drag, offering a cost-effective way to access the U.S. aggregate bond market. Country exposure introduces some geographical risk, with 29.1% of holdings outside the United States. these may be worth researching factors when evaluating JAGG's suitability for their portfolio. Past performance does not guarantee future results.

Expense Ratio

0.03%

How Is the Fund Allocated?

Sector	Weight
Communication Services	58.7%
Cash & Others	25.4%
Financial Services	12.1%
Technology	3.8%

Country	Weight
Other	25.4%
United States	70.9%
Cayman Islands	3.8%

Dividend Yield

2.16%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

JPMorgan International Bond Opportunities ETF (JPIB) (Fixed Income) — 0.50% expense ratio
JPMorgan BetaBuilders Emerging Markets Equity ETF (BBEM) (International Equity) — 0.15% expense ratio
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) (US Equity) — 0.50% expense ratio
JPMorgan Flexible Income ETF (JFLI) (Multi-Asset) — 0.35% expense ratio
JPMorgan Fundamental Data Science Large Core ETF (LCDS) (US Equity) — 0.30% expense ratio
JPMorgan U.S. Minimum Volatility ETF (JMIN) (Equity) — 0.12% expense ratio

Risk Metrics

Beta: 1.00

Questions & Answers

What is JAGG and what does it track?

JAGG, the JPMorgan U.S. Aggregate Bond ETF, is an actively managed fund that invests primarily in investment-grade U.S. dollar-denominated bonds. Unlike passive ETFs that track a specific index, JAGG's investment strategy involves active selection of corporate bonds, U.S.

Treasury obligations, U.S. government and agency securities, and asset-backed, mortgage-related, and mortgage-backed securities.

What is the expense ratio for JAGG?

The expense ratio for JAGG is 0.03%. This is significantly lower than the average expense ratio for similar actively managed bond ETFs, which can range from 0.30% to 0.70%.

JAGG's low expense ratio makes it a cost-effective option for investors seeking exposure to the U.S. investment-grade bond market through active management. The lower expense ratio can contribute to higher net returns over the long term, assuming similar performance.

What are the top holdings in JAGG?

As an actively managed ETF, JAGG's holdings are subject to change. While the exact holdings are proprietary, the fund's sector allocation provides insight into its top exposures.

As of 2026-03-15, the largest sector allocation is to Communication Services (58.7%), followed by Cash & Others (25.4%), and Financial Services (12.1%). Investors should consult J.P.

Is JAGG a good long-term investment?

Whether JAGG is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon. JAGG's active management offers the potential for outperformance compared to passive bond ETFs, but it also introduces the risk of underperformance.

The fund's low expense ratio of 0.03% is a positive factor for long-term investors.

How does JAGG compare to similar ETFs?

JAGG distinguishes itself from similar ETFs through its active management and low expense ratio. Many aggregate bond ETFs are passively managed, tracking a specific index like the Bloomberg Barclays U.S. Aggregate Bond Index.

JAGG's active approach allows for security selection and duration management, potentially leading to different risk/return characteristics.

Does JAGG pay dividends?

Yes, JAGG pays dividends. The fund's current dividend yield is 2.16%. This yield reflects the income generated by the underlying bonds in the portfolio, net of expenses. Dividends are typically paid monthly, providing investors with a regular income stream.

The dividend yield may fluctuate based on market conditions and the composition of the bond portfolio.