Fund Description: JPMorgan BetaBuilders International Equity ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the J.P. Morgan Exchange-Traded Fund Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The JPMorgan BetaBuilders International Equity ETF seeks investment results that closely correspond, before fees and expenses, to the performance of the Morningstar Developed Markets ex-North America Target Market Exposure Index. INDEX DESCRIPTION: The Morningstar Developed Markets ex-North America Target Market Exposure Index is a free float adjusted market capitalization weighted index which consists of equity securities from developed countries or regions, including: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. The Index targets 85% of the stocks traded on the primary exchanges in each country by market capitalization, and primarily includes large- and mid-capitalization companies. Components of the Underlying Index are allocated across various sectors, including the financials and industrials sectors. The components of the Index and the countries and sectors represented are likely to change over time. FUND STRATEGY: The Fund will invest at least 80% of its Assets in securities included in the Index. The Fund’s intention is to replicate the constituent securities of the Index as closely as possible. Replication is a passive indexing strategy in which a fund invests in substantially all of the securities in its index in approximately the same proportions as the index. However, under various circumstances, it may not be possible or practicable to purchase or hold all of, or only, the constituent securities in their respective weightings in the Index. In these circumstances, the Fund may utilize a representative sampling strategy whereby securities are chosen in order to attempt to approximate the investment characteristics of the constituent securities. The Fund may invest up to 20% of its assets in exchange-traded futures and forward foreign currency contracts. FUND MANAGEMENT: J.P. Morgan Investment Management, Inc. serves as the investment adviser to the Fund.