# J.P. Morgan Exchange-Traded Fund Trust — merger/definitive [pending]
Source: SEC API (secapi.ai) · situation sit_1c8f71924d068828b458 · retrieved 2026-08-11T16:15:06.441Z

## Overview
J.P. Morgan Exchange-Traded Fund Trust is a Delaware trust that will serve as the umbrella for newly created exchange-traded funds resulting from the reorganization of JPMorgan mutual funds managed by J.P. Morgan Investment Management Inc.

The Boards of Trustees of JPMorgan Trust I and JPMorgan Trust IV approved the reorganization of four mutual funds into exchange-traded funds (ETFs) at a meeting held February 10–12, 2026. The reorganizations are scheduled as follows: JPMorgan California Tax Free Bond Fund and JPMorgan New York Tax Free Bond Fund will reorganize on June 12, 2026; JPMorgan U.S. GARP Equity Fund will reorganize on July 10, 2026; and JPMorgan Preferred and Income Securities Fund will reorganize on July 10, 2026. Each fund will be reorganized into a newly created ETF (the "Acquiring Fund"), each a series of J.P. Morgan Exchange-Traded Fund Trust, and will then be liquidated. Shareholders will receive ETF shares of the corresponding Acquiring Fund equal in value to their mutual fund shares, plus a cash payment in lieu of fractional shares. The reorganizations are structured to be tax-free under the U.S. Internal Revenue Code, except with respect to cash received for fractional shares. Expenses of each Acquiring Fund are expected to be lower than the net expenses of the corresponding mutual fund share classes for at least three years from the closing date.

## Terms
- Counterparty: J.P. Morgan Investment Management Inc. · Consideration: stock

## Key dates
- Announced 2026-02-17 · Vote 2026-02-12

## Timeline
- 2026-02-17 · 425 (0001193125-26-053244): 425 - J.P. Morgan Exchange-Traded Fund Trust — *J.P. Morgan Exchange-Traded Fund Trust is a Delaware trust that will serve as the umbrella for newly created exchange-traded funds resulting from the reorganization of JPMorgan mutual funds managed by J.P. Morgan Investment Management Inc.* The Boards of Trustees of JPMorgan Trust I and JPMorgan Trust IV approved the reorganization of four mutual funds into exchange-traded funds (ETFs) at a meeting held February 10–12, 2026. The reorganizations are scheduled as follows: JPMorgan California Tax Free Bond Fund and JPMorgan New York Tax Free Bond Fund will reorganize on June 12, 2026; JPMorgan U.S. GARP Equity Fund will reorganize on July 10, 2026; and JPMorgan Preferred and Income Securities Fund will reorganize on July 10, 2026. Each fund will be reorganized into a newly created ETF (the "Acquiring Fund"), each a series of J.P. Morgan Exchange-Traded Fund Trust, and will then be liquidated. Shareholders will receive ETF shares of the corresponding Acquiring Fund equal in value to their mutual fund shares, plus a cash payment in lieu of fractional shares. The reorganizations are structured to be tax-free under the U.S. Internal Revenue Code, except with respect to cash received for fractional shares. Expenses of each Acquiring Fund are expected to be lower than the net expenses of the corresponding mutual fund share classes for at least three years from the closing date.
  https://www.sec.gov/Archives/edgar/data/1485894/0001193125-26-053244.txt
- 2026-02-17 · 425 (0001193125-26-053240): 425 - J.P. Morgan Exchange-Traded Fund Trust — *JPMorgan Trust I and JPMorgan Trust IV are investment trusts that manage multiple mutual funds including municipal bond funds, equity funds, and income funds.* The Boards of Trustees of JPMorgan Trust I and JPMorgan Trust IV approved the reorganization of four mutual funds into exchange-traded funds (ETFs) at a meeting held February 10–12, 2026. The JPMorgan California Tax Free Bond Fund and JPMorgan New York Tax Free Bond Fund will reorganize into their respective ETFs on June 12, 2026; the JPMorgan U.S. GARP Equity Fund will reorganize into the JPMorgan Fundamental Data Science Large Growth ETF on July 10, 2026; and the JPMorgan Preferred and Income Securities Fund will reorganize into the JPMorgan Preferred and Income Securities ETF on July 10, 2026. Each reorganization will be structured as a tax-free reorganization under the Internal Revenue Code, with shareholders receiving ETF shares equal in value to their mutual fund shares, plus cash in lieu of fractional shares. The new ETFs will be managed by J.P. Morgan Investment Management Inc. and are expected to have lower expenses than the corresponding mutual fund share classes for at least three years from closing.
  https://www.sec.gov/Archives/edgar/data/1485894/0001193125-26-053240.txt

## Citations
- 0001193125-26-053244 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526053244
- 0001193125-26-053240 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526053240