JPMB ETF — Holdings & Analysis

The JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) offers exposure to U.S. dollar-denominated sovereign and quasi-sovereign debt from emerging markets.

With $0.07 billion in assets under management and an expense ratio of 0.39%, JPMB focuses on liquid fixed and floating rate securities selected using a rules-based methodology. A key differentiator is its targeted approach to emerging market debt, offering a concentrated portfolio of 204 holdings, and a current dividend yield of 6.05%.

JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) ETF — Price, Holdings & Analysis

The JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) offers exposure to U.S. dollar-denominated sovereign and quasi-sovereign debt from emerging markets. With $0.07 billion in assets under management and an expense ratio of 0.39%, JPMB focuses on liquid fixed and floating rate securities selected using a rules-based methodology. A key differentiator is its targeted approach to emerging market debt, offering a concentrated portfolio of 204 holdings, and a current dividend yield of 6.05%.

ETF Overview

The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index is comprised of liquid, U.S. dollar-denominated sovereign and quasi-sovereign fixed and floating rate debt securities from emerging markets selected using a rules-based methodology that was developed and is owned by the adviser. The fund is non-diversified.

JPMB aims to replicate the performance of an index composed of liquid, U.S. dollar-denominated sovereign and quasi-sovereign debt securities from emerging markets. The ETF invests at least 80% of its assets in securities included in its underlying index. This targeted approach provides investors with exposure to the debt of emerging market nations, offering potential diversification and yield enhancement compared to developed market bonds. The fund's holdings are concentrated in a relatively small number of countries, with the largest exposures being to Turkey (7.9%), Brazil (7.4%), and Colombia (6.8%). Sector allocation is heavily weighted towards Cash & Others (98.7%), with a smaller allocation to Financial Services (1.3%). JPMB is non-diversified, meaning it can invest a larger portion of its assets in a smaller number of issuers compared to diversified funds. This strategy is designed for investors seeking targeted exposure to emerging market sovereign debt.

Risk Metrics

JPMB's risk profile is influenced by its concentration in emerging market sovereign debt. The fund's non-diversified status means that its performance is closely tied to the economic and political stability of a relatively small number of emerging market countries. The fund's beta of 1.03 (3Y) indicates that it has historically exhibited slightly higher volatility than the broader market. The expense ratio of 0.39% will create a drag on performance over time, reducing net returns to investors. Country exposure is another risk factor, with significant allocations to countries like Turkey, Brazil, and Colombia, exposing the fund to risks specific to those nations. The large allocation to Cash & Others (98.7%) may reduce potential returns but also provides a buffer against market volatility.

Expense Ratio

0.39%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	98.7%
Financial Services	1.3%

Country	Weight
Turkey	7.9%
Brazil	7.4%
Colombia	6.8%
Dominican Republic	6.5%
South Africa	5.0%
Bahrain	4.5%
Mexico	4.2%
Nigeria	4.1%
Saudi Arabia	3.2%
Indonesia	3.0%

Dividend Yield

6.05%

JPMorgan International Bond Opportunities ETF (JPIB) — 0.50% expense ratio
IDX Dynamic Fixed Income ETF (DYFI) — 1.12% expense ratio
Invesco Taxable Municipal Bond ETF (BAB) — 0.28% expense ratio
Academy Veteran Impact ETF (VETZ) — 0.35% expense ratio
iShares MBS ETF (MBB) — 0.04% expense ratio
iShares iBonds Oct 2027 Term TIPS ETF (IBID) — 0.10% expense ratio
Bluemonte Long Term Bond ETF (BLTD) — 0.23% expense ratio
JPMorgan Mortgage-Backed Securities ETF (JMTG) — 0.24% expense ratio

JPMorgan Flexible Income ETF (JFLI) (Multi-Asset) — 0.35% expense ratio
JPMorgan U.S. Minimum Volatility ETF (JMIN) (Equity) — 0.12% 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 Fundamental Data Science Large Core ETF (LCDS) (US Equity) — 0.30% expense ratio
JPMorgan International Bond Opportunities ETF (JPIB) (Fixed Income) — 0.50% expense ratio

Risk Metrics

Beta: 1.03

Questions & Answers

What is JPMB and what does it track?

JPMB, or the JPMorgan USD Emerging Markets Sovereign Bond ETF, is an exchange-traded fund that seeks to track the performance of an index comprised of U.S. dollar-denominated sovereign and quasi-sovereign debt securities from emerging markets.

What is the expense ratio for JPMB?

The expense ratio for JPMB is 0.39%. This means that for every $10,000 invested in the fund, investors will pay $39 in annual fees to cover the fund's operating expenses.

While this is not the lowest expense ratio available in the fixed income ETF category, it is a reasonable cost for accessing a targeted portfolio of emerging market sovereign debt.

What are the top holdings in JPMB?

While the exact holdings can fluctuate, JPMB's country exposure indicates the fund's top allocations are primarily to the debt of specific nations. As of 2026-03-15, the top country exposures include Turkey (7.9%), Brazil (7.4%), and Colombia (6.8%).

The fund also has significant exposure to the Dominican Republic (6.5%) and South Africa (5.0%).

Is JPMB a good long-term investment?

Whether JPMB is a suitable long-term investment depends on an investor's individual circumstances, risk tolerance, and investment objectives. JPMB offers exposure to emerging market sovereign debt, which can provide diversification and potentially higher yields compared to developed market bonds.

However, emerging market debt also carries risks, including economic and political instability, currency fluctuations, and credit risk.

How does JPMB compare to similar ETFs?

JPMB competes with other ETFs that offer exposure to emerging market debt. Key factors to consider when comparing JPMB to its peers include expense ratio, AUM, and investment strategy.

JPMB has an expense ratio of 0.39% and AUM of $0.07 billion. Some competing ETFs may have lower expense ratios or larger AUM, which can impact liquidity and trading costs.

Does JPMB pay dividends?

Yes, JPMB distributes dividends to its shareholders. As of 2026-03-15, JPMB has a dividend yield of 6.05%. The dividend yield represents the annual dividend income an investor can expect to receive as a percentage of the fund's share price.