UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

---

FORM N-CSR

---

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number

811-22903

J.P. Morgan Exchange-Traded Fund Trust

(Exact name of registrant as specified in charter)

---

277 Park Avenue

New York, NY 10172

(Address of principal executive offices) (Zip code)

J.P. Morgan Investment Management Inc.

Gregory S. Samuels

277 Park Avenue

New York, NY 10172

(Name and Address of Agent for Service)

With copies to:
Elizabeth A. Davin, Esq. JPMorgan Chase & Co. 1111 Polaris Parkway Columbus, OH 43240	Jon S. Rand, Esq. Dechert LLP 1905 Avenue of the Americas New York, NY 10036

Registrant's telephone number, including area code:

1-844-457-6383

Date of fiscal year end:

Last Day of February

Date of reporting period:

August 31, 2024

Item 1. Report to Stockholders.

a.) The following is a copy of the report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1).

b.) A copy of the notice transmitted to shareholders in reliance on Rule 30e-3 under the 1940 Act that contains disclosures specified by paragraph (c)(3) of that rule is included in the Annual Report. Not Applicable. Notices do not incorporate disclosures from the shareholder reports.

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan BetaBuilders MSCI US REIT ETF

                                          

Ticker: BBRE - Cboe BZX Exchange, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders MSCI US REIT ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders MSCI US REIT ETF	$6	0.11%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$871,643,752
Total number of portfolio holdings	$122
Portfolio turnover rate	$2	%

PORTFOLIO COMPOSITION - SECTOR
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

BBRE-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan Inflation Managed Bond ETF

                                                      

Ticker: JCPI - Cboe BZX Exchange, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan Inflation Managed Bond ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Inflation Managed Bond ETF	$13	0.24%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$669,828,714
Total number of portfolio holdings	$788
Portfolio turnover rate	$49	%

PORTFOLIO COMPOSITION - ASSET CLASS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

JCPI-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan Realty Income ETF

                                                                           

Ticker: JPRE - NYSE Arca, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan Realty Income ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Realty Income ETF	$27	0.50%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$387,539,138
Total number of portfolio holdings	$30
Portfolio turnover rate	$39	%

PORTFOLIO COMPOSITION - SECTOR
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

JPRE-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan High Yield Municipal ETF

                                                           

Ticker: JMHI - NYSE Arca, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan High Yield Municipal ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan High Yield Municipal ETF	$17	0.34%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$174,334,211
Total number of portfolio holdings	$138
Portfolio turnover rate	$45	%

CREDIT QUALITY ALLOCATIONS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

JMHI-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan Sustainable Municipal Income ETF

                                         

Ticker: JMSI - NYSE Arca, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan Sustainable Municipal Income ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Sustainable Municipal Income ETF	$8	0.17%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$218,780,640
Total number of portfolio holdings	$168
Portfolio turnover rate	$41	%

CREDIT QUALITY ALLOCATIONS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

JMSI-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan Limited Duration Bond ETF

                                                        

Ticker: JPLD - Cboe BZX Exchange, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan Limited Duration Bond ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Limited Duration Bond ETF	$12	0.23%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$757,842,643
Total number of portfolio holdings	$325
Portfolio turnover rate	$16	%

PORTFOLIO COMPOSITION - ASSET CLASS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

JPLD-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan International Bond Opportunities ETF

                                   

Ticker: JPIB - Cboe BZX Exchange, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan International Bond Opportunities ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan International Bond Opportunities ETF	$26	0.50%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$474,891,216
Total number of portfolio holdings	$825
Portfolio turnover rate	$25	%

PORTFOLIO COMPOSITION - ASSET CLASS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

JPIB-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan Ultra-Short Municipal Income ETF

                                         

Ticker: JMST - Cboe BZX Exchange, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan Ultra-Short Municipal Income ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Ultra-Short Municipal Income ETF	$9	0.17%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$2,773,935,102
Total number of portfolio holdings	$2,462
Portfolio turnover rate	$36	%

CREDIT QUALITY ALLOCATIONS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

JMST-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan Core Plus Bond ETF

                                                                        

Ticker: JCPB - Cboe BZX Exchange, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan Core Plus Bond ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Core Plus Bond ETF	$20	0.38%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$3,855,288,381
Total number of portfolio holdings	$2,420
Portfolio turnover rate	$54	%

PORTFOLIO COMPOSITION - ASSET CLASS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

JCPB-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan Ultra-Short Income ETF

                                                                 

Ticker: JPST - NYSE Arca, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan Ultra-Short Income ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Ultra-Short Income ETF	$9	0.18%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$25,376,225,121
Total number of portfolio holdings	$685
Portfolio turnover rate	$32	%

PORTFOLIO COMPOSITION - ASSET CLASS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

JPST-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan Municipal ETF

                                                                                    

Ticker: JMUB - Cboe BZX Exchange, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan Municipal ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Municipal ETF	$9	0.17%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$1,677,586,329
Total number of portfolio holdings	$891
Portfolio turnover rate	$24	%

CREDIT QUALITY ALLOCATIONS
(% of Total Investments)

(a)	Amount rounds to less than 0.1%.

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

JMUB-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan Short Duration Core Plus ETF

                                                    

Ticker: JSCP - NYSE Arca, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan Short Duration Core Plus ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Short Duration Core Plus ETF	$17	0.33%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$443,618,310
Total number of portfolio holdings	$868
Portfolio turnover rate	$34	%

PORTFOLIO COMPOSITION - ASSET CLASS
(% of Total Investments)

(a)	Amount rounds to less than 0.1%.

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

JSCP-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan Income ETF

                                                                                          

Ticker: JPIE - NYSE Arca, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan Income ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Income ETF	$20	0.39%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$1,879,997,257
Total number of portfolio holdings	$1,548
Portfolio turnover rate	$80	%

PORTFOLIO COMPOSITION - ASSET CLASS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

JPIE-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan Active Bond ETF

                                                                                

Ticker: JBND - New York Stock Exchange LLC

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan Active Bond ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan Active Bond ETF	$14	0.27%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$543,392,775
Total number of portfolio holdings	$776
Portfolio turnover rate	$52	%

PORTFOLIO COMPOSITION - ASSET CLASS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

JBND-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF

            

Ticker: BBCB - NYSE Arca, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF	$5	0.09%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$46,286,439
Total number of portfolio holdings	$987
Portfolio turnover rate	$7	%

PORTFOLIO COMPOSITION - SECTOR
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

BBCB-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

            

Ticker: BBHY - Cboe BZX Exchange, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders USD High Yield Corporate Bond ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	$8	0.15%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$1,290,922,572
Total number of portfolio holdings	$1,453
Portfolio turnover rate	$21	%

PORTFOLIO COMPOSITION - ASSET CLASS
(% of Total Investments)

(a)	Amount rounds to less than 0.1%.

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

BBHY-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan USD Emerging Markets Sovereign Bond ETF

                  

Ticker: JPMB - NYSE Arca, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan USD Emerging Markets Sovereign Bond ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan USD Emerging Markets Sovereign Bond ETF	$20	0.39%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$635,948,461
Total number of portfolio holdings	$422
Portfolio turnover rate	$11	%

PORTFOLIO COMPOSITION - COUNTRY
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

JPMB-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan BetaBuilders U.S. Aggregate Bond ETF

                               

Ticker: BBAG - NYSE Arca, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders U.S. Aggregate Bond ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders U.S. Aggregate Bond ETF	$1	0.03%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$1,421,896,420
Total number of portfolio holdings	$2,319
Portfolio turnover rate	$51	%

PORTFOLIO COMPOSITION - ASSET CLASS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

BBAG-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF

            

Ticker: BBSA - Cboe BZX Exchange, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF	$3	0.05%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$14,522,444
Total number of portfolio holdings	$410
Portfolio turnover rate	$23	%

PORTFOLIO COMPOSITION - ASSET CLASS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

BBSA-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF

            

Ticker: BBIB - Cboe BZX Exchange, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF	$4	0.07%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$6,202,183
Total number of portfolio holdings	$87
Portfolio turnover rate	$13	%

PORTFOLIO COMPOSITION - ASSET CLASS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

BBIB-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF

              

Ticker: BBLB - Cboe BZX Exchange, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF	$4	0.07%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$25,031,494
Total number of portfolio holdings	$41
Portfolio turnover rate	$11	%

PORTFOLIO COMPOSITION - ASSET CLASS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

BBLB-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF

               

Ticker: BBSB - Cboe BZX Exchange, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	$4	0.07%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$2,973,627
Total number of portfolio holdings	$84
Portfolio turnover rate	$31	%

PORTFOLIO COMPOSITION - ASSET CLASS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

BBSB-824

SEMI-ANNUAL SHAREHOLDER REPORT | August 31, 2024 (Unaudited)

JPMorgan BetaBuilders U.S. TIPS 0-5 Year ETF

                                    

Ticker: BBIP - Cboe BZX Exchange, Inc.

SEMI-ANNUAL SHAREHOLDER REPORT

This semi-annual shareholder report contains important information about the JPMorgan BetaBuilders U.S. TIPS 0-5 Year ETF for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.jpmorganfunds.com/funddocuments. You can also request this information by contacting us at 1-844-457-6383 or by sending an e-mail request to jpm.xf@jpmorgan.com or by asking any financial intermediary that offers shares of the Fund.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Fund	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
JPMorgan BetaBuilders U.S. TIPS 0-5 Year ETF	$4	0.07%

*	This charge is annualized.

KEY FUND STATISTICS

Fund net assets	$1,466,751
Total number of portfolio holdings	$28
Portfolio turnover rate	$17	%

PORTFOLIO COMPOSITION - ASSET CLASS
(% of Total Investments)

Availability of Additional Information

At www.jpmorganfunds.com/funddocuments, you can find additional information about the Fund, including the Fund’s:

• Prospectus
• Financial information
• Fund holdings
• Proxy voting information

You can also request this information by contacting us at 1-844-457-6383.

BBIP-824

ITEM 2. CODE OF ETHICS.

Not applicable to a semi-annual report.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Not applicable to a semi-annual report.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Not applicable to a semi-annual report.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

Not applicable to a semi-annual report.

ITEM 6. INVESTMENTS.

File Schedule I – Investments in securities of unaffiliated issuers as of the close of the reporting period as set forth in Section 210.12-12 of Regulation S-X, unless the schedule is included as part of the report to shareholders filed under Item 1 of this Form.

Included in Item 1.

ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

Semi-Annual Report

J.P. Morgan Exchange-Traded Funds

August 31, 2024 (Unaudited) 

Fund	Ticker	Listing Exchange
JPMorgan Active Bond ETF	JBND	New York Stock Exchange LLC
JPMorgan Core Plus Bond ETF	JCPB	Cboe BZX Exchange, Inc.
JPMorgan Income ETF	JPIE	NYSE Arca, Inc.
JPMorgan International Bond Opportunities ETF	JPIB	Cboe BZX Exchange, Inc.
JPMorgan Municipal ETF	JMUB	Cboe BZX Exchange, Inc.
JPMorgan Short Duration Core Plus ETF	JSCP	NYSE Arca, Inc.
JPMorgan Ultra-Short Income ETF	JPST	NYSE Arca, Inc.
JPMorgan Ultra-Short Municipal Income ETF	JMST	Cboe BZX Exchange, Inc.

 

---