At a glance
BBCB charges 0.04% a year, below the 0.15% average of the 7 funds most like it (the 2nd cheapest of 8). It has $52.1M in assets, the 8th largest of that group; it paid 12.77% of its price in distributions over the past 12 months, monthly. Over the past year it returned +5.8% with distributions reinvested, the best of those 8 funds; over three years it returned +8.8% a year. Its ten largest positions make up 4.5% of the fund, out of 1,347 in all.
The short version
JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) is an index fund that tracks the Bloomberg US Corporate Index. That index is a broad basket of investment-grade (higher-quality), fixed-rate corporate bonds priced in US dollars. Its 0.04% expense ratio is among the lowest of similar funds, which average 0.15%. It is also small, with about $52 million in net assets as of August 31, 2026.
Price history
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BBCB +5.8% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| BBCB official prospectus, to Dec 31, 2025 | — | +7.64% | — | -0.25% | — | +3.19% |
| BBCB price data to Oct 27, 2026 | +6.5% | +5.8% | +8.8% | — | — | +5.1% |
- Over the year to Oct 27, 2026, BBCB returned +5.8%, 1st of 8 among similar funds.
- Its worst full calendar year was 2024 (+2.0%); its best was 2025 (+7.7%).
- The deepest fall in its price history was 7.6% (Feb 2, 2023 to Oct 19, 2023), recovered by Dec 6, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +6.5% | — |
| 2025 | +7.7% | +7.64% |
| 2024 | +2.0% | +2.17% |
| 2023 | — | +8.58% |
| 2022 | — | -15.82% |
| 2021 | — | -1.78% |
| 2020 | — | +9.56% |
| 2019 | — | +14.72% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Not in the price data, which starts Feb 1, 2023 |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Not in the price data, which starts Feb 1, 2023 |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $5.0061 | |
| 2025 | $2.3000 | -2.1% |
| 2024 | $2.3500 |
What's inside
As of Aug 31, 2026, the fund held 1,347 securities; the ten largest made up 4.52% of assets.
| Holding | Weight | |
|---|---|---|
| HSBC Holdings plc Bonds and notes | 0.52% | |
| Morgan Stanley Bonds and notes | 0.48% | |
| Citibank NA Bonds and notes | 0.48% | |
| PNC Financial Services Group, Inc. (The) Bonds and notes | 0.47% | |
| Wells Fargo & Co. Bonds and notes | 0.44% | |
| Intel Corp. Bonds and notes | 0.44% | |
| AbbVie, Inc. Bonds and notes | 0.44% | |
| Wells Fargo & Co. Bonds and notes | 0.42% | |
| Morgan Stanley Bonds and notes | 0.42% | |
| Bank of America Corp. Bonds and notes | 0.41% | |
| Goldman Sachs Group, Inc. (The) Bonds and notes | 0.40% | |
| AT&T, Inc. Bonds and notes | 0.39% | |
| NextEra Energy Capital Holdings, Inc. Bonds and notes | 0.39% | |
| Lloyds Banking Group plc Bonds and notes | 0.38% | |
| Home Depot, Inc. (The) Bonds and notes | 0.38% |
By country
United States 86.44%United Kingdom 3.31%Canada 3.03%Japan 1.7%Australia 0.83%By issuer
Companies 98.46%The bonds mature in 10.9 years on average (weighted by size), with an average coupon of 4.32%.
Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors added a net $7.8M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.21%, -1.61%, +0.43%.
How it works
BBCB tries to match the Bloomberg US Corporate Index, before fees. The index provider is Bloomberg Index Services Limited. The index covers investment-grade, fixed-rate, taxable corporate bonds that industrial, utility and financial companies, both US and foreign, sell publicly in US dollars. It weights each bond by its market value, so the companies with the most debt outstanding get the biggest weights. The fund is passive. It does not try to beat the index, and it does not move to cash when markets fall.
The fund does not buy every bond in the index. It uses "representative sampling," which means picking a subset of bonds that together match the index's industry mix, credit quality, yield, maturity and duration. It still must keep at least 80% of its assets in bonds from the index. As of August 31, 2026, it held 1,347 bonds. The 10 largest made up just 4.52% of assets, led by bonds from HSBC, Morgan Stanley, Citibank, PNC and Wells Fargo.
The portfolio is rebalanced monthly, in step with the index. Turnover was 27% in the prospectus. The fund may use futures to manage duration, which measures how sensitive a bond's price is to interest rates, but it held no derivatives as of August 31, 2026. The index's duration was 6.8 years as of May 29, 2026.
What it really costs
- BBCB charges 0.04% a year, versus an average of 0.15% for the similar funds below (2nd of 8, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $4 in the first year and $51 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| BBCB | $4 | $13 | $23 | $51 |
Structure and tax notes
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
It pays monthly income from a broad spread of investment-grade corporate bonds at a very low cost.
BBCB pays income monthly from 1,347 corporate bonds, which had an average coupon of 4.32% as of August 31, 2026. Costs are tiny. In the SEC's standard example, $10,000 would cost $51 over 10 years. These bonds still carry risk. The fund launched in 2018, so it has no record from 2008. It gained 9.56% in 2020 but lost 15.82% in 2022, its worst calendar year, because rising interest rates pushed bond prices down. Its worst quarter was a 7.48% drop in early 2022. Someone selling shares to fund spending that year would have sold at a loss. Over the five years through December 31, 2025, its average annual return was -0.25%. Past results don't predict future ones, and a retirement plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Cost-focused investors who want broad investment-grade corporate bond exposure for 0.04% a year, about $4 per $10,000 in the SEC's first-year example.
- Income seekers who want monthly payouts from 1,347 bonds, where no single bond was more than about 0.52% of assets as of August 31, 2026.
- Long-term holders who can ride out rate-driven swings like 2022's 15.82% loss, given the index's 6.8-year duration as of May 29, 2026.
Look elsewhere if
- Investors who prefer a large, widely traded fund. At about $52 million, BBCB was the smallest of the eight similar funds compared.
- Those who want government-bond safety in a crisis. This fund carries company credit risk, and banks like HSBC, Morgan Stanley and Wells Fargo are among its top issuers.
- Anyone who may need the money within a year or two. Its five-year average annual return through December 31, 2025, was -0.25%.
Close alternatives
Matched by bond funds with the closest average maturity and issuer mix (N-PORT).
| Fund | Avg. maturity | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| BBCB this fund | 10.9 yrs | 0.04% | $52.1M | +5.8% | +8.8% |
| FLCO Franklin Investment Grade Corporate ETF | 10.9 yrs | 0.35% | $586.5M | -1.9% | +6.0% |
| GIGB Goldman Sachs Access Investment Grade Corpo… | 11 yrs | 0.08% | $1.01B | -1.7% | +6.1% |
| JAAA Janus Henderson AAA CLO ETF | 11.4 yrs | 0.2% | $29.21B | +4.9% | +6.1% |
| USIG iShares Broad USD Investment Grade Corporat… | 10.3 yrs | 0.04% | $17.85B | -0.9% | +5.7% |
| IG Principal Investment Grade Corporate Active… | 12.7 yrs | 0.19% | $199.1M | -1.7% | +6.3% |
| LQD iShares iBoxx $ Investment Grade Corporate … | 13 yrs | 0.14% | $32.04B | -2.3% | +5.2% |
| VCIT Vanguard Intermediate-Term Corporate Bond E… | 8.2 yrs | 0.03% | $72.04B | -0.6% | +7.1% |
Questions investors ask
Does BBCB pay monthly dividends?
Yes. BBCB pays distributions monthly. The money comes from interest on the corporate bonds it holds, which had an average coupon of 4.32% as of August 31, 2026. Payments are not fixed. They change as bonds mature or get replaced and as interest rates move. Bond fund payouts count as interest income, not qualified dividends, so they are usually taxed at ordinary income rates in a taxable account.
What's the difference between BBCB and USIG?
Both are broad, low-cost investment-grade corporate bond ETFs with the same 0.04% expense ratio. The biggest difference is size. As of August 31, 2026, USIG (iShares Broad USD Investment Grade Corporate Bond ETF) had about $17.8 billion in net assets, compared with about $52 million for BBCB. BBCB tracks the Bloomberg US Corporate Index. Its bonds' average maturity was 10.9 years, compared with 10.3 years for USIG.
Is BBCB safe for retirees?
It is lower risk than stocks, but it can still lose money. Its one-year beta was 0.22, so it moved much less than the overall market. Still, it lost 15.82% in 2022 when interest rates jumped, and its five-year average annual return through December 31, 2025, was -0.25%. Its bonds are investment grade, but companies can still be downgraded or default. Banks make up many of its largest holdings.
What is BBCB's expense ratio?
BBCB's expense ratio is 0.04%, according to the prospectus filed June 23, 2026. That is below the 0.15% average for similar funds. In the SEC's standard example, which assumes $10,000 invested and a 5% yearly return, total costs would be about $4 after one year, $13 after three, $23 after five and $51 after ten. Trading costs such as bid-ask spreads come on top of that.
How does BBCB react when interest rates rise?
Its price usually falls. Bond prices move opposite to interest rates. The fund's index had a duration of 6.8 years as of May 29, 2026. That means a one-percentage-point rise in rates could cut its price by roughly 6.8%, and a fall in rates could lift it by about the same amount. In 2022, when rates rose sharply, the fund lost 15.82%, and its worst quarter was a 7.48% drop ending March 31, 2022.