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J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF is an exchange traded fund launched and managed by J.P. Morgan Investment Management Inc. It invests in the fixed income markets of the United States. The fund invests in the municipal securities issued on behalf of the states with an average dollar weighted maturity between three and twelve years. It invests in the investment grade securities that are rated as BBB- or higher by S&P and Fitch and Baa3 by Moody’s. The fund invests in securities of issuers that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund benchmarks the performance of its portfolio against the Bloomberg U.S. 1-15 Year Blend (1-17) Municipal Bond Index. J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF was formed on October 29, 2018 and is domiciled in the United States.