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JCPB

GradeBNew York Stock Exchange Arca

JPMorgan Core Plus Bond ETF

Core US Bond · J.P. Morgan · Inception 2019-01-28 · SEC filings

$45.19−0.41 (−0.90%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 45.60 to 45.19. Range 45.15 to 45.54. Use the arrow keys to read each point.$45.10$45.30$45.40$45.5010 AM12 PM2 PM4 PM
Expense ratio
0.37%
Fund size
$15.0B
1Y return
+0.7%
Yield · Last 12 months
5.01%
Holdings
2801
Volume · 30D
2M sh
NAV per share
$45.48
52W range
low $45.37high $48.17

The ETF.net JCPB Grade

B

68/ 100

Rank 38 of 118 in US Aggregate Bond

Confidence High

Six-pillar profile for JCPB. Scores out of 100: Cost 42, Risk 65, Mission 100, Tradability 62, Holdings 76, Durability 81. Strongest: Mission (100). Weakest: Cost (42). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 68 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 42
    Category rank68/118 · mid-pack
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank33/100 · top 33%
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 65
    Category rank21/117 · top 18%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 62
    Category rank34/118 · top 29%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 76
    Category rank22/117 · top 19%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 81
    Category rank14/118 · top 12%

Graded as of Sep 22, 2026

Our read on JCPB

ETF.net Research

BA core bond portfolio with the leash loosened. JCPB uses the Bloomberg U.S. Aggregate as its reference point, then lets J.P. Morgan's managers add non-investment-grade and other 'plus' sectors in pursuit of income. Roughly 2,700 bonds, paid monthly.

Stated mandate

The ETF seeks a high level of current income from investment-grade and non-investment-grade securities. It mainly uses investment-grade bonds, while combining bottom-up selection, dynamic sector allocation, and macro analysis of the yield curve, duration, and portfolio risk.

Why people hold it

  1. 01Core plus, not core copy: managers can step outside the Agg into non-investment-grade bonds, blending bottom-up picks, sector shifts, and yield-curve calls.
  2. 02Spread across roughly 2,700 bonds, so no single issuer swings the portfolio, with income paid out monthly.
  3. 03At 0.37%, it sits right at the typical fee for its category (0.36% median) and undercuts active rival BOND at 0.56%.
  4. 04Live since 2019, now a multi-billion-dollar fund that trades actively, with a portfolio that matches the core plus mandate on paper.

Worth knowing

  1. 01Plain Agg trackers like BND, SPAB, and SCHZ charge 0.03%. Active management here costs meaningfully more than the index route.
  2. 02J.P. Morgan runs a similar core plus playbook in JBND at 0.25%, so the same house offers a cheaper door.
  3. 03The 'plus' sleeve can hold non-investment-grade debt, adding credit risk a straight investment-grade Agg fund does not carry.

JCPB Holdings

As of Sep 21, 2026, 6:53 PM
Asset class
Bonds
Holdings
2,801
Top-10 weight
17%
Largest holding
JPMORGAN U.S. GOVERNMENT5.8%

Sectors

  • Energy100.0%

Geography

  • United States84.49%
  • United Kingdom4.10%
  • France1.74%
  • Ireland1.28%
  • Canada1.08%
  • Netherlands0.96%
  • Japan0.59%
  • Mexico0.55%
  • Other countries (44)5.22%
The fund’s holdings, weight-ordered — page 1 of 186.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001JPMORGAN U.S. GOVERNMENT5.81%910,320,884$910M26
002UNITED 3.625% 08/292.47%399,565,000$386M17
003TBA UMBS SINGLE FAMILY 5%2.41%398,805,000$377M17
004TBA UMBS SINGLE 5.5%1.38%222,600,000$216M24
005TBA UMBS SINGLE 2.5%1.03%202,700,000$162M18
006UNITED STATES OF 4% 11/350.97%163,370,000$151M14
007CASH0.89%139,252,527$139M414
008UNITED 4.875% 08/450.84%139,350,000$131M13
009UNITED STATES 4.5% 11/540.70%124,385,000$109M14
010UNITED STATES OF 4% 11/520.67%129,635,000$104M10
011UNITED STATES 4.25% 11/340.60%99,550,400$95M15
012UNITED STATES 0.5% 08/270.58%95,000,000$92M6
013UNITED 4.125% 11/290.53%84,780,000$83M11
014UNITED 3.625% 08/300.50%82,535,000$79M17
015UNITED STATES OF 4% 11/420.50%91,722,400$79M13

Showing 1–15 of 2787 holdings

JCPB Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

JCPB$10,075
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. JCPB $10,075. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for JCPB. Periods over one year show the average yearly return.
PeriodJCPB
Year to date−0.5%
1 month−0.8%
3 months−1.3%
1 year+0.7%
3 years+5.5%per year
5 years+0.5%per year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for JCPB
YearReturn barJCPB
2026 YTD−0.5%
2025+8.0%
2024+2.9%
2023+7.1%
2022−12.9%
2021−0.5%
2020+9.2%

JCPB in the news

ETF.net Research hasn’t filed on JCPB yet — coverage lands here as it’s written.

JCPB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
5.01%Last 12 months
Payout per share
$2.28Last 12 months
Last payment
$0.19 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 44 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.17; Mar 1, 2023 $0.14; Apr 3, 2023 $0.16; May 1, 2023 $0.17; Jun 1, 2023 $0.17; Jul 3, 2023 $0.17; Aug 1, 2023 $0.17; Sep 1, 2023 $0.17; Oct 2, 2023 $0.18; Nov 1, 2023 $0.16; Dec 1, 2023 $0.18; Dec 28, 2023 $0.18; Feb 1, 2024 $0.20; Mar 1, 2024 $0.19; Apr 1, 2024 $0.19; May 1, 2024 $0.21; Jun 3, 2024 $0.20; Jul 1, 2024 $0.20; Aug 1, 2024 $0.20; Sep 3, 2024 $0.20; Oct 1, 2024 $0.20; Nov 1, 2024 $0.20; Dec 2, 2024 $0.20; Dec 31, 2024 $0.20; Feb 3, 2025 $0.19; Mar 3, 2025 $0.19; Apr 1, 2025 $0.19; May 1, 2025 $0.21; Jun 2, 2025 $0.19; Jul 1, 2025 $0.19; Aug 1, 2025 $0.20; Sep 2, 2025 $0.20; Oct 1, 2025 $0.20; Nov 3, 2025 $0.19; Dec 1, 2025 $0.19; Dec 31, 2025 $0.19; Feb 2, 2026 $0.20; Mar 2, 2026 $0.19; Apr 1, 2026 $0.19; May 1, 2026 $0.19; Jun 1, 2026 $0.19; Jul 1, 2026 $0.18; Aug 3, 2026 $0.19; Sep 1, 2026 $0.19. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 3, 2026$0.19
Aug 3, 2026Aug 5, 2026$0.19
Jul 1, 2026Jul 6, 2026$0.18
Jun 1, 2026Jun 3, 2026$0.19
May 1, 2026May 5, 2026$0.19
Apr 1, 2026Apr 6, 2026$0.19
Mar 2, 2026Mar 4, 2026$0.19
Feb 2, 2026Feb 4, 2026$0.20
Dec 31, 2025Jan 5, 2026$0.19
Dec 1, 2025Dec 3, 2025$0.19
Nov 3, 2025Nov 5, 2025$0.19
Oct 1, 2025Oct 3, 2025$0.20

JCPB Risk

How much the fund’s monthly returns vary, scaled to a year.
5.6%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.12
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−16.6%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.00
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

JCPB Cost

Expense ratio0.37%
  • The middle half of US Aggregate Bond funds
  • Median 0.34%

63 of the 112 US Aggregate Bond funds charge less.

JCPB costs $37.00 a year on $10,000. The median US Aggregate Bond fund costs $34.00.