ETF Evaluator:
JPMorgan Core Plus Bond ETF ()
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(as of Aug 26)
Best Performing in Intermediate Core-Plus Bond Over the Last Year
| 8.9% | Infrastructure Capital Bond Income ETF (BNDS) |
| 5.2% | Monarch Ambassador Income ETF (MAMB) |
| 4.1% | SanJac Alpha Core Plus Bond ETF (SJCP) |
| 4.1% | F/m Opportunistic Income ETF (ZHOG) |
| 3.9% | PIMCO Active Bond ETF (BOND) |
Risk
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Risk
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ETF Details
JPMorgan Core Plus Bond ETF Overview
JPMorgan Core Plus Bond ETF (JCPB) is an actively managed Taxable Bond Intermediate Core-Plus Bond exchange-traded fund (ETF). JPMorgan launched the ETF in 2019.
The investment seeks a high level of current income by investing primarily in a diversified portfolio of high-, medium- and low-grade debt securities.
As a matter of non-fundamental policy, the fund will ordinarily invest at least 80% of its assets in bonds. The fund's average weighted maturity will ordinarily range between five and twenty years. The balance of the fund's assets are not required to meet any minimum quality rating although the fund will not, under normal circumstances, invest more than 30% of its assets in below investment grade securities (or the unrated equivalent).
About JPMorgan Core Plus Bond ETF (JCPB)
There are 6 members of the management team with an average tenure of 4.67 years: Kay Herr (2023), Richard Figuly (2019), J. Andrew Norelli (2019), Vikas Pathani (2025), Thomas Hauser (2020) and Priya Misra (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. JPMorgan Core Plus Bond ETF has 2743 securities in its portfolio. The top 10 holdings constitute 17.9% 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 Core Plus Bond ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. JPMorgan Core Plus Bond ETF has 8.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.3% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 92.1% (83.9% domestic bond, 8.2% foreign bond and 0.1% convertible bond). JPMorgan Core Plus Bond ETF has 7.5% of the portfolio in cash.
Assets Under Management
The fund has $13 billion in total assets, which is above the $2 billion average for the Intermediate Core-Plus Bond 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.
JCPB 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 Core Plus Bond ETF expense ratio is below average compared to funds in the Intermediate Core-Plus Bond category. JPMorgan Core Plus Bond ETF has an expense ratio of 0.37%, which is 15% lower than its category average, making the fund expense ratio grade a B. 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 Core Plus Bond ETF has a portfolio turnover rate of 58%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 157% for the Intermediate Core-Plus Bond category.
Recently, in the month of July 2026, JPMorgan Core Plus Bond ETF returned -1.3%, which earned it a grade of C, as the Intermediate Core-Plus Bond category had an average return of -1.2%. 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 Core Plus Bond ETF has a trailing yield of 4.98%, which is above the 4.67% category average.
The fund normally distributes its income monthly.
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 Core Plus Bond ETF Grades
Year to date, the ETF has returned -0.1%, 0.1 percentage points better than the category, which translates into a grade of B. The fund has returned 3.6% over the past year (grade of A), 4.9% over the past three years (grade of B) and 0.7% per year over the past five years (grade of B).
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JCPB 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 |
|
| JCPB Return (NAV) | -1.3% | -0.6% | 3.6% | 4.9% | 0.7% | na |
| JCPB Return (Price) | -1.2% | -0.6% | 3.6% | 4.9% | 0.7% | na |
| NAV +/- Price Return | -0.016% | -0.003% | -0.036% | -0.016% | -0.027% | na |
| Intermediate Core-Plus Bond Avg | -1.2% | -0.6% | 3.2% | 4.6% | 0.4% | 2.1% |
| JCPB Grade (NAV) | C | B | A | B | B | na |
| +/- Category (NAV) | -0.1% | 0.1% | 0.4% | 0.2% | 0.3% | na |
| JCPB Tax-Cost Ratio | na | na | 2.0% | 2.0% | 1.7% | na |
JCPB Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JCPB Return (NAV) | -0.1% | 8.0% | 3.0% | 7.0% | -12.6% | -0.5% | 9.2% | na | na | na | na |
| JCPB Return (Price) | -0.1% | 8.0% | 3.0% | 7.1% | -12.9% | -0.5% | 9.2% | na | na | na | na |
| NAV +/- Price Ret | 0.033% | -0.005% | -0.005% | 0.011% | 0.024% | 0.015% | -0.002% | na | na | na | na |
| Intermediate Core-Plus Bond Avg | -0.2% | 7.5% | 3.0% | 6.6% | -13.2% | -0.7% | 8.0% | 9.8% | -0.2% | 4.3% | 4.9% |
| JCPB Grade (NAV) | B | B | B | B | B | B | B | na | na | na | na |
| +/- Category | 0.1% | 0.5% | 0.0% | 0.4% | 0.6% | 0.2% | 1.2% | na | na | na | na |
| Risk Measures | |
| Beta: | 1.00 |
| R-Squared: | 100% |
| Standard Deviation: | 5.6% |
| Category Risk Index: | 1.01 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 0.46 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 5.0% |
| Total Assets: | $ 13,955 Mil |
| Share Class Assets: | $ 13,955 Mil |
| Turnover: | 58.0% |
| Expense Ratio: | 0.37% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 7.5 years | |||
| Average Tenure: 4.7 years | |||
| Managers (Year): Figuly Richard (2019), Norelli J. Andrew (2019), Hauser Thomas (2020), Herr Kay (2023), Misra Priya (2024), Pathani Vikas (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 2743 |
| % in Top 10 Holdings: | 17.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 8.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.3% |
| Domestic Bond: | 83.9% |
| Foreign Bond: | 8.2% |
| Convertible Bond: | 0.1% |
| Other: | 0.0% |
| Cash: | 7.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | JPMorgan |
| Phone Number: | 844-457-6383 |
| Website: | jpmorganfunds.com |
| Inception Date: | January 28, 2019 |
Expenses and Fees
| Expense Ratio (%): | 0.37% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.44% |
