Fund Description: JPMorgan Corporate Bond Research Enhanced ETF is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the J.P. Morgan Exchange-Traded Fund Trust, an open-end investment management company. <p> INVESTMENT OBJECTIVE: The JPMorgan Corporate Bond Research Enhanced ETF seeks to provide total return. The Fund is an actively managed ETF and, thus, does not seek to replicate the performance of a specified Index. However, an actively managed ETF may have an index-based benchmark. J.P. Morgan Investment Management Inc., the Advisor has discretion on a daily basis to manage the Fund’s portfolio in accordance with the Fund’s investment objective and investment policies. <p> FUND STRATEGY: The Fund is actively managed and mainly invests in corporate bonds that are rated investment grade by a nationally recognized statistical rating organization or in securities that are unrated but are deemed by the Fund’s adviser, J.P. Morgan Investment Management Inc. to be of comparable quality. the Fund constructs a portfolio of holdings that seeks to outperform the Bloomberg Barclays U.S. Corporate Bond Index (the benchmark) over time while maintaining similar risk characteristics. Within each sector of the benchmark, the Fund may overweight corporate bonds issued by companies that the adviser’s fundamental credit research teams have given stronger credit scores while underweighting or not holding corporate bonds issued by companies given weaker credit scores. The adviser generates such credit scores by evaluating each individual company based on certain fundamental credit metrics, the company’s competitive environment, risks that the company may face, and other technical factors, such as the liquidity of debt issued by the company and the amount of debt outstanding. Under normal circumstances, the Fund invests at least 80% of its assets in corporate bonds. “Assets” means net assets plus the amount of borrowings for investment purposes. In managing the Fund, the adviser combines fundamental research with a disciplined portfolio construction process. The adviser utilizes proprietary research, risk management techniques and individual security selection in constructing the Fund’s portfolio. In-depth, fundamental research into individual securities is conducted by research analysts who emphasize each issuer’s long-term prospects. <p> FUND MANAGEMENT: J.P. Morgan Investment Management Inc. serves as the investment advisor to the Fund.