JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

Frequently Asked Questions About BBMC

What does BBMC invest in?

BBMC is passively managed to track an index that targets mid-cap companies in the US equity market across various sectors. The index primarily considers stocks that fall between the 85th and 95th percentiles in market-cap of the US investible universe, although, large- and small-cap stocks may be included as well. The equity securities can include common stock, preferred stock, and REITs. As a part of the BetaBuilders suite, BBMC provides plain-vanilla exposure to mid-cap equities and can be used as a core holding or as a complement to BBUS and BBSC which covers the total market and small-cap segments of the US equity market respectively. The fund may invest up to 20% in futures to more closely track the index. The index is rebalanced quarterly.

What is the expense ratio of BBMC?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) charges an expense ratio of 0.07%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BBMC?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) manages $2.04B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is BBMC actively managed or an index fund?

BBMC is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (BBMC's is 0.07%) because there's no security selection cost.

When was BBMC launched?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) launched in April 2020 and is managed by J.P. Morgan.

How has BBMC performed?

BBMC's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.