ETF Evaluator:
JPMorgan BetaBuilders US Mid Cap Eq ETF (BBMC)
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(as of Aug 19)
Best Performing in Mid-Cap Blend Over the Last Year
| 58.8% | Castellan Targeted Equity ETF (CTEF) |
| 53.8% | Invesco S&P Spin-Off ETF (CSD) |
| 43.0% | Counterpoint Quantitative Equity ETF (CPAI) |
| 40.8% | Optimize Strategy Index ETF (OPTZ) |
| 37.3% | Tema U.S. Manufacturing & Reshoring ETF (WELD) |
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ETF Details
JPMorgan BetaBuilders US Mid Cap Eq ETF Overview
JPMorgan BetaBuilders US Mid Cap Eq ETF (BBMC) is a passively managed U.S. Equity Mid-Cap Blend exchange-traded fund (ETF). JPMorgan launched the ETF in 2020.
The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Morningstar® US Mid Cap Target Market Exposure Extended IndexSM.
The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index consists of equity securities primarily traded in the United States and targets those securities that fall between the 85th and 95th percentiles in market capitalization of the free float adjusted investable universe.
About JPMorgan BetaBuilders US Mid Cap Eq ETF (BBMC)
There are 4 members of the management team with an average tenure of 3.61 years: Michael Loeffler (2020), Nicholas D’Eramo (2020), Todd McEwen (2025) and David Robinson (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Morningstar US Market TR USD index with a weighting of 100% and Morningstar US Mid TME Ext TR USD index with a weighting of 100%. JPMorgan BetaBuilders US Mid Cap Eq ETF has 467 securities in its portfolio. The top 10 holdings constitute 6.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
JPMorgan BetaBuilders US Mid Cap Eq ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. JPMorgan BetaBuilders US Mid Cap Eq ETF has 1.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.7% There is 1.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). JPMorgan BetaBuilders US Mid Cap Eq ETF has 0.9% of the portfolio in cash.
Assets Under Management
The fund has $2 billion in total assets, which is below the $4 billion average for the Mid-Cap Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BBMC Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The JPMorgan BetaBuilders US Mid Cap Eq ETF expense ratio is low compared to funds in the Mid-Cap Blend category. JPMorgan BetaBuilders US Mid Cap Eq ETF has an expense ratio of 0.07%, which is 84% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. JPMorgan BetaBuilders US Mid Cap Eq ETF has a portfolio turnover rate of 19%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 84% for the Mid-Cap Blend category.
Recently, in the month of July 2026, JPMorgan BetaBuilders US Mid Cap Eq ETF returned -2.6%, which earned it a grade of D, as the Mid-Cap Blend category had an average return of -1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
JPMorgan BetaBuilders US Mid Cap Eq ETF has a trailing yield of 1.14%, which is above the 0.85% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
JPMorgan BetaBuilders US Mid Cap Eq ETF Grades
Year to date, the ETF has returned 16.8%, 2.8 percentage points better than the category, which translates into a grade of B. The fund has returned 26.3% over the past year (grade of B), 16.0% over the past three years (grade of B) and 8.3% per year over the past five years (grade of C).
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BBMC Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BBMC Return (NAV) | -2.6% | 4.9% | 26.3% | 16.0% | 8.3% | na |
| BBMC Return (Price) | -2.5% | 5.0% | 26.6% | 16.1% | 8.3% | na |
| NAV +/- Price Return | -0.161% | -0.077% | -0.264% | -0.059% | -0.030% | na |
| Mid-Cap Blend Avg | -1.6% | 4.4% | 20.8% | 14.8% | 8.8% | 11.6% |
| BBMC Grade (NAV) | D | B | B | B | C | na |
| +/- Category (NAV) | -1.0% | 0.6% | 5.6% | 1.2% | -0.5% | na |
| BBMC Tax-Cost Ratio | na | na | 0.5% | 0.5% | 0.5% | na |
BBMC Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BBMC Return (NAV) | 16.8% | 12.1% | 15.2% | 18.3% | -19.6% | 17.5% | na | na | na | na | na |
| BBMC Return (Price) | 16.8% | 12.2% | 15.1% | 18.4% | -19.8% | 17.6% | na | na | na | na | na |
| NAV +/- Price Ret | 0.003% | 0.007% | -0.004% | 0.003% | 0.009% | 0.009% | na | na | na | na | na |
| Mid-Cap Blend Avg | 14.0% | 10.6% | 16.1% | 16.9% | -14.4% | 23.3% | 15.6% | 27.4% | -9.1% | 19.1% | 14.8% |
| BBMC Grade (NAV) | B | B | C | B | F | F | na | na | na | na | na |
| +/- Category | 2.8% | 1.5% | -0.9% | 1.4% | -5.2% | -5.8% | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.12 |
| R-Squared: | 71% |
| Standard Deviation: | 17.2% |
| Category Risk Index: | 1.10 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.41 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 1.1% |
| Total Assets: | $ 2,028 Mil |
| Share Class Assets: | $ 2,028 Mil |
| Turnover: | 19.0% |
| Expense Ratio: | 0.07% |
| Index Fund: | Yes |
| Index Tracked: | Morningstar US Market TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 6.3 years | |||
| Average Tenure: 3.6 years | |||
| Managers (Year): Loeffler Michael (2020), D’Eramo Nicholas (2020), McEwen Todd (2025), Robinson David (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 467 |
| % in Top 10 Holdings: | 6.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.4% |
Portfolio Allocation |
|
| Domestic Stock: | 97.7% |
| Foreign Stock: | 1.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | JPMorgan |
| Phone Number: | 844-457-6383 |
| Website: | jpmorganfunds.com |
| Inception Date: | April 14, 2020 |
Expenses and Fees
| Expense Ratio (%): | 0.07% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.45% |
