JPMorgan BetaBuilders Emerging Markets Equity ETF

JPMorgan BetaBuilders Emerging Markets Equity ETF (BBEM) is an index fund that tracks the Morningstar Emerging Markets Target Market Exposure Index. As of July 31, 2026, it held 1,461 large and mid-size companies in markets such as Taiwan, South Korea, India and China. Its 0.15% expense ratio is below the 0.25% average of similar funds, though IEMG and VWO cost less. With $774 million in assets, it is the smallest fund in its peer group.

• Over the year to Oct 27, 2026, BBEM returned +14.6%, 3rd of 9 among similar funds.
• Its worst full calendar year was 2024 (+5.6%); its best was 2025 (+32.4%).
• The deepest fall in its price history was 17.4% (Oct 7, 2024 to Apr 8, 2025), recovered by Jun 6, 2025.

As of Jul 31, 2026, the fund held 1,461 securities; the ten largest made up 35.61% of assets.

• Over the three months to Jul 31, 2026, investors withdrew a net $76.5M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +7.84%, +0.54%, -5.69%.

BBEM tracks the Morningstar Emerging Markets Target Market Exposure Index. The index targets the large and mid-size companies that make up the largest 85% of the investable stock market in emerging countries, including Brazil, China, India, Saudi Arabia, South Korea and Taiwan. It is weighted by free-float market value, which means a company counts for more when the shares available to the public are worth more. As of January 30, 2026, the index held 1,467 securities.

The fund doesn't buy every stock. It uses representative sampling: it holds most of the index's stocks, chosen so the portfolio looks like the index overall, and keeps at least 80% of its assets in index securities. Because of this, its returns can drift slightly from the index. Holdings are rebalanced quarterly along with the index. The fund may also put up to 10% of its assets in exchange-traded futures, which are contracts tied to an index's value. As a passive fund, it keeps a struggling company until the index drops it, and it makes no defensive moves when markets fall.

Weighting by size puts a lot of the fund in a few companies. As of July 31, 2026, Taiwan Semiconductor Manufacturing was 14.3% of assets, Samsung Electronics was 6.4% and SK hynix was 5.1%. Because the holdings trade in foreign currencies, a stronger US dollar can lower their value for US holders.

• BBEM charges 0.15% a year, versus an average of 0.25% for the similar funds below (5th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $15 in the first year and $192 over 10 years (assuming a 5% annual return).

Its stakes in companies in Taiwan, South Korea, India, China and other emerging markets can broaden a portfolio built mostly on US stocks, though its price can swing a lot.

BBEM launched on May 10, 2023, so it has no record through the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. Its weakest calendar year was 2024, which was still a 6.2% gain. Its deepest drop was 17.4%, from October 7, 2024, to April 8, 2025, and it had recovered by June 6, 2025. That short, fairly mild history may understate how far emerging-market stocks can fall. Anyone who has to sell shares during a slump could lock in losses. As of October 27, 2026, the trailing 12-month yield was 4.89%, paid quarterly. The 0.15% expense ratio works out to about $192 over 10 years on $10,000 in the SEC's standard example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.