ETF Evaluator:
JPMorgan International Bond Opps ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Global Bond-USD Hedged Over the Last Year
| 3.5% | JPMorgan International Bond Opps ETF (JPIB) |
| 3.3% | iShares Global Govt Bd USD Hdg Act ETF (GGOV) |
| 3.3% | Dimensional Global Credit ETF (DGCB) |
| 3.2% | Avantis Credit ETF (AVGB) |
| 3.1% | Dimensional Global Core Pls Fxd Inc ETF (DFGP) |
Risk
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Risk
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ETF Details
JPMorgan International Bond Opps ETF Overview
JPMorgan International Bond Opps ETF (JPIB) is an actively managed Taxable Bond Global Bond-USD Hedged exchange-traded fund (ETF). JPMorgan launched the ETF in 2017.
The investment seeks to provide total return.
Under normal circumstances, the fund will invest at least 80% of its assets in bonds. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund's assets are invested primarily in debt securities of issuers located in countries other than the United States. It may invest in developed or emerging markets, including sovereign debt issued by countries in developed and emerging markets. In managing the fund, the adviser will seek to diversify the fund's portfolio by investing in issuers in at least three countries other than the U.S. under normal circumstances.
About JPMorgan International Bond Opps ETF (JPIB)
There are 4 members of the management team with an average tenure of 6.52 years: Iain Stealey (2017), Peter Aspbury (2020), Andreas Michalitsianos (2025) and Bob Michele (2017). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg Multiverse Ex USD TR Hdg USD index with a weighting of 100%. JPMorgan International Bond Opps ETF has 1031 securities in its portfolio. The top 10 holdings constitute 23.3% 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 International Bond Opps ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. JPMorgan International Bond Opps ETF has 78.1% 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 91.0% (12.9% domestic bond, 78.1% foreign bond and 0.2% convertible bond). JPMorgan International Bond Opps ETF has 8.5% of the portfolio in cash.
Assets Under Management
The fund has $2 billion in total assets, which is below the $7 billion average for the Global Bond-USD Hedged 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.
JPIB 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 International Bond Opps ETF expense ratio is average compared to funds in the Global Bond-USD Hedged category. JPMorgan International Bond Opps ETF has an expense ratio of 0.50%, which is 117% higher than its category average, making the fund expense ratio grade a F. 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 International Bond Opps ETF has a portfolio turnover rate of 30%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 28% for the Global Bond-USD Hedged category.
Recently, in the month of July 2026, JPMorgan International Bond Opps ETF returned -0.9%, which earned it a grade of B, as the Global Bond-USD Hedged category had an average return of -1.1%. 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 International Bond Opps ETF has a trailing yield of 4.98%, which is above the 4.09% category average.
The fund normally distributes its income monthly and its capital gains annually.
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 International Bond Opps ETF Grades
Year to date, the ETF has returned 0.5%, 0.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 3.5% over the past year (grade of A), 5.7% over the past three years (grade of A) and 2.7% per year over the past five years (grade of A).
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JPIB 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 |
|
| JPIB Return (NAV) | -0.9% | 0.6% | 3.5% | 5.7% | 2.7% | na |
| JPIB Return (Price) | -0.7% | 0.7% | 3.6% | 5.6% | 2.7% | na |
| NAV +/- Price Return | -0.222% | -0.159% | -0.090% | 0.133% | -0.007% | na |
| Global Bond-USD Hedged Avg | -1.1% | 0.3% | 2.4% | 4.3% | 0.6% | 1.7% |
| JPIB Grade (NAV) | B | B | A | A | A | na |
| +/- Category (NAV) | 0.2% | 0.3% | 1.1% | 1.4% | 2.1% | na |
| JPIB Tax-Cost Ratio | na | na | 2.0% | 1.9% | 1.7% | na |
JPIB Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JPIB Return (NAV) | 0.5% | 8.2% | 3.9% | 7.8% | -5.9% | 0.5% | 6.3% | 10.8% | -1.7% | na | na |
| JPIB Return (Price) | 0.7% | 8.2% | 3.5% | 8.7% | -6.4% | 0.1% | 7.1% | 10.8% | -2.2% | na | na |
| NAV +/- Price Ret | 0.451% | -0.006% | -0.105% | 0.108% | 0.076% | -0.742% | 0.139% | -0.8% | 31.5% | na | na |
| Global Bond-USD Hedged Avg | 0.5% | 5.0% | 3.6% | 7.8% | -10.5% | -1.7% | 4.9% | 8.7% | 1.4% | 2.5% | 4.8% |
| JPIB Grade (NAV) | C | A | C | C | A | A | B | A | F | na | na |
| +/- Category | -0.1% | 3.2% | 0.3% | 0.0% | 4.5% | 2.2% | 1.4% | 2.1% | -3.1% | na | na |
| Risk Measures | |
| Beta: | 0.67 |
| R-Squared: | 82% |
| Standard Deviation: | 4.2% |
| Category Risk Index: | 0.99 |
| Category Risk Rating: | Average |
| Total Risk Index: | 0.34 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 5.0% |
| Total Assets: | $ 2,102 Mil |
| Share Class Assets: | $ 2,102 Mil |
| Turnover: | 30.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | No |
| Index Tracked: | Bloomberg Multiverse Ex USD TR Hdg USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 9.3 years | |||
| Average Tenure: 6.5 years | |||
| Managers (Year): Stealey Iain (2017), Michele Bob (2017), Aspbury Peter (2020), Michalitsianos Andreas (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 1031 |
| % in Top 10 Holdings: | 23.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 78.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.3% |
| Domestic Bond: | 12.9% |
| Foreign Bond: | 78.1% |
| Convertible Bond: | 0.2% |
| Other: | 0.0% |
| Cash: | 8.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | JPMorgan |
| Phone Number: | 844-457-6383 |
| Website: | jpmorganfunds.com |
| Inception Date: | April 3, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.23% |
