ETF Evaluator: JPMorgan USD Emerging Mkts Svr Bd ETF () Follow This ETF

JPMorgan USD Emerging Mkts Svr Bd ETF Overview

JPMorgan USD Emerging Mkts Svr Bd ETF (JPMB) is a passively managed Taxable Bond Emerging Markets Bond exchange-traded fund (ETF). JPMorgan launched the ETF in 2018.

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JPMorgan Emerging Markets Risk-Aware Bond Index. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index is comprised of liquid, U.S. dollar-denominated sovereign and quasi-sovereign fixed and floating rate debt securities from emerging markets selected using a rules-based methodology that was developed and is owned by the adviser. The fund is non-diversified.

About JPMorgan USD Emerging Mkts Svr Bd ETF (JPMB)

There are 3 members of the management team with an average tenure of 2.80 years: Supreet Khandate (2023), Kush Purohit (2023) and Andrew Bartlett (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Bloomberg Global Aggregate TR USD index with a weighting of 100% and JPM EM Risk-Aware Bond TR USD index with a weighting of 100%. JPMorgan USD Emerging Mkts Svr Bd ETF has 201 securities in its portfolio. The top 10 holdings constitute 13.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

JPMorgan USD Emerging Mkts Svr Bd ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. JPMorgan USD Emerging Mkts Svr Bd ETF has 99.2% 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 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.2% (0.0% domestic bond, 99.2% foreign bond and 0.0% convertible bond). JPMorgan USD Emerging Mkts Svr Bd ETF has 0.8% of the portfolio in cash.

Assets Under Management

The fund has $66 million in total assets, which is below the $1 billion average for the Emerging Markets 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.

JPMB 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 USD Emerging Mkts Svr Bd ETF expense ratio is below average compared to funds in the Emerging Markets Bond category. JPMorgan USD Emerging Mkts Svr Bd ETF has an expense ratio of 0.39%, 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 USD Emerging Mkts Svr Bd ETF has a portfolio turnover rate of 48%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 56% for the Emerging Markets Bond category.

Recently, in the month of July 2026, JPMorgan USD Emerging Mkts Svr Bd ETF returned -1.7%, which earned it a grade of D, as the Emerging Markets Bond 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 USD Emerging Mkts Svr Bd ETF has a trailing yield of 5.89%, which is below the 6.13% 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 USD Emerging Mkts Svr Bd ETF Grades

Year to date, the ETF has returned 0.6%, 1.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 6.8% over the past year (grade of D), 6.7% over the past three years (grade of F) and 1.1% per year over the past five years (grade of F).

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