Jpmorgan Active High Yield ETF JPHY Strategy

The investment seeks to achieve a return in excess to the ICE BofA U.S. High Yield Constrained Index by investing primarily in below investment grade corporate debt securities; A high level of current income is the fund’s primary objective and capital appreciation is a secondary objective. Under normal circumstances, the fund invests at least 80% of its assets in bonds and other debt securities, such as convertible securities, that are rated below investment grade or unrated. Up to 20% of the fund’s total assets may be invested in other securities, including investment grade securities.