JPMorgan U.S. Quality Factor ETF (JQUA)

The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Quality Factor Index (the Underlying Index).

The fund uses a passive indexing investment approach to closely correspond to the performance of the JP Morgan US Quality Factor Index (Underlying Index). It invests at least 80% of its assets in securities included in the Underlying Index, replicating the constituent securities as closely as possible. The portfolio is rebalanced quarterly. Up to 10% of assets may be invested in exchange-traded futures contracts to maintain correspondence with the Underlying Index. The fund targets equity securities with high quality characteristics (profitability, earnings quality, solvency/financial risk). It does not seek to outperform the Underlying Index or take defensive positions.