J.P. MorganSectorsReal Estate#79 of 264 by YTD

JPMorgan BetaBuilders MSCI US REIT ETFBBRE

S&P 500 Bucket avg Compare

$106.89+1.6%

+$1.68 · Nov 9 close

Buy

AUM: $1.3B
Fee: 0.11%
Yield: 2.7%

Bumpy · 1Y: 1.0×S&P
Volume: 25K
NAV: $105

What's insideAll 106 →

WELL 12.6%PLD 8.6%SPG 4.7%PSA 4.5%

52-week range6% below the high

$91.82$113

Returns	Today	1W	1M	3M	YTD	1Y	3Y	5Y	Max
Total return	+1.6%	+2.4%	+7.4%	+1.5%	+17.6%	+17.9%	+52.1%	+19.6%	+80.9%
Peer average	+1.5%	+2.3%	+6.2%	−0.3%	+10.4%	+10.9%	+40.3%	+7.6%	—
S&P 500 · VOO	+2.3%	+0.1%	−3.3%	−2.1%	+11.3%	+13.6%	+81.6%	+75.4%	—

BBRE in One Breath

BBRE Among Real Estate ETFs

YTD

#1PSRInvesco+18.2%$58.7M

#2USRTiShares+18.1%$4.3B

#3BBREJ.P. Morgan+17.6%$1.3B

#4FRIFirst Trust+17.6%$205M

#5RWRSPDR+17.5%$1.9B

#6DFARDimensional+17.1%$8.7B

#7ICFiShares+17.0%$2.1B

#8REZiShares+17.0%$846M

#9SCHHSchwab+16.5%$11.4B

End-of-day Nov 10, 2026 · 43 Real estate ETFs by YTD

$10,000 in BBRE

$10,000 in BBRE became

$11,959

In the S&P 500 (VOO)

$17,543

Total return, dividends in · Nov 1, 2021 – Nov 9, 2026 · S&P 500 uses VOO

BBRE’s Top Holdings

Today

WELLWelltower12.6%PLD8.6%SPG4.7%PSA4.5%EQIX4.1%DLR4.0%O3.9%EQR3.8%VTR3.1%EXR2.7%IRM2.5%VICI2.1%ESS1.5%KIM1.5%HST1.5%SUI1.3%INVH1.2%DOC1.2%WPC1.2%MAA1.2%80 more

WELLWelltower12.6%PLD8.6%SPG4.7%PSA4.5%EQIX4.1%DLR4.0%O3.9%EQR3.8%VTR3.1%EXR2.7%IRM2.5%90 more

REIT - Healthcare FacilitiesREIT - IndustrialREIT - RetailREIT - ResidentialREIT - SpecialtyREIT - DiversifiedOther

J.P. Morgan BBRE · 102 holdings · tile size = share of the fund · as of Nov 9, 2026

What BBRE Holds

Today

REIT - Healthcare Facilities20.8%

WELL 12.6 · VTR 3.1 · DOC 1.2 · OHI 1.0 · HR · AHR · CTRE

REIT - Industrial20.7%

PLD 8.6 · PSA 4.5 · EXR 2.7 · CUBE · EGP · FR · REXR

REIT - Retail17.9%

SPG 4.7 · O 3.9 · KIM 1.5 · REG 1.1 · BRX · FRT · NNN

REIT - Residential13.4%

EQR 3.8 · ESS 1.5 · SUI 1.3 · INVH 1.2 · MAA 1.2 · ELS · UDR

REIT - Specialty12.0%

EQIX 4.1 · DLR 4.0 · IRM 2.5 · GLPI · EPR

REIT - Diversified4.8%

VICI 2.1 · WPC 1.2 · EPRT · BNL · GNL · AAT · JBGS

REIT - Office4.6%

BXP · ARE · VNO · CUZ · KRC · CDP · HIW

J.P. Morgan BBRE · share of the fund by industry · as of Nov 9, 2026

Welltower’s Share of BBRE

Today

12.6%

$126 of every $1,000 in BBRE is Welltower

Welltower held by BBRE

$158M

Most Welltower per dollar

REZ22.9%

CSRE15.6%

SPRE13.9%

TRUR13.8%

J.P. Morgan BBRE · each square = $10 of $1,000 · as of Nov 9, 2026

BBRE’s Share of Real Estate ETFs

Today

1.2%

of the $101B in 46 Real estate ETFs

BBRE$1.3B1.2%

VNQ$35.9B35.6%

SCHH$11.4B11.3%

43 others$52.2B51.8%

Real estate ETF AUM · Nov 10, 2026

BBRE Fee per $100 vs Peers

Today

$0.11a year
per $100

$11 a year on $10,000

SCHH$0.07

XLRE$0.08

BBRE$0.11

VNQ$0.13

REET$0.14

DFAR$0.22

Expense ratio · Real estate peers · Nov 10, 2026

Inside BBRE

102 holdings · as of Nov 9, 2026

BBRE

JPMorgan BetaBuilders MSCI US REIT ETF

Today

REIT - Healthcare Facilities20.8%WELL12.6%VTR3.1%DOCOHIHR AHRREIT - Industrial20.7%PLD8.6%PSA4.5%EXRCUBEEGP7 moreREIT - Retail17.9%SPG4.7%O KIMREG16 moreREIT - Residential13.4%EQRESSSUIINVHMAAELS8 moreREIT - Specialty12.0%EQIXDLRIRMGLPIREIT - Diversified4.8%VICIREIT - Office4.6%BXPAREREIT - Hotel4.5%HST

#	Ticker	Company	Weight ▼
1	WELL	Welltower	12.58%
2	PLD	Prologis Reit	8.62%
3	SPG	Simon Property Group	4.71%
4	PSA	Public Storage Reit	4.50%
5	EQIX	Equinix Reit	4.09%
6	DLR	Digital Realty Trust	3.99%
7	O	Realty Income Reit	3.87%
8	EQR	Vivmark Residential Reit	3.76%
9	VTR	Ventas Reit 0.25	3.08%
10	EXR	Extra Space Storage	2.72%

See all 106 holdings ↓

REIT - Healthcare FacilitiesREIT - IndustrialREIT - RetailREIT - ResidentialREIT - SpecialtyREIT - DiversifiedREIT - OfficeREIT - HotelOther

J.P. Morgan BBRE · current holdings by weight · as of Nov 9, 2026 · each tile is one holding · top 20 = 67.1%

All BBRE Holdings

106 holdings · as of Nov 9, 2026

BBRE

BBRE’s Holdings

Today

#
1	WELLWelltower	Real Estate	12.58%	$1,258.00	644K	$157.7M
2	PLDPrologis Reit	Real Estate	8.62%	$861.93	851K	$108.0M
3	SPGSimon Property Group	Real Estate	4.71%	$471.32	259K	$59.1M
4	PSAPublic Storage Reit	Real Estate	4.50%	$449.63	167K	$56.4M
5	EQIXEquinix Reit	Real Estate	4.09%	$409.30	51K	$51.3M
6	DLRDigital Realty Trust	Real Estate	3.99%	$399.33	287K	$50.1M
7	ORealty Income Reit	Real Estate	3.87%	$386.51	821K	$48.4M
8	EQRVivmark Residential Reit	Real Estate	3.76%	$375.90	719K	$47.1M
9	VTRVentas Reit 0.25	Real Estate	3.08%	$307.69	435K	$38.6M
10	EXRExtra Space Storage	Real Estate	2.72%	$272.49	215K	$34.2M
11	IRMIron Mountain Reit	Real Estate	2.54%	$253.88	299K	$31.8M
12	VICIVICI Properties Reit	Real Estate	2.11%	$211.44	1.1M	$26.5M
13	ESSEssex Property Trust	Real Estate	1.48%	$148.00	68K	$18.6M
14	KIMKimco Realty Reit	Real Estate	1.47%	$146.71	721K	$18.4M
15	HSTHost Hotels & Resorts	Real Estate	1.45%	$145.14	739K	$18.2M

J.P. Morgan BBRE · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 9, 2026

How It Compares

BBRE

JPMorgan BetaBuilders MSCI US REIT ETF’s Peers

YTD


VNQ	VanguardRead Desk	0.13%	+13.1%	+13.7%	$35.9B
SCHH	SchwabRead Desk	0.07%	+16.5%	+17.0%	$11.4B
DFAR	DimensionalRead Desk	0.22%	+17.1%	+17.2%	$8.7B
XLRE	SPDRRead Desk	0.08%	+13.3%	+13.4%	$8.3B
REET	iSharesRead Desk	0.14%	+11.9%	+12.6%	$4.9B
BBRE	J.P. MorganThis fundRead Desk	0.11%	+17.6%	+17.9%	$1.3B

Real estate peers · YTD and past-year returns · as of Nov 10, 2026 · sorted by AUM

Head to Head

Put BBRE head to head with VNQ →

VNQ vs BBRE

YTD

VNQVanguard · Real estateBBREJ.P. Morgan · Real estate

Year to date

+13.1%

+17.6%

BBRE wins+4.5 pts

Past year

+13.7%

+17.9%

BBRE wins+4.2 pts

Fee

0.13%

0.11%

BBRE winslower fee

Yield

3.5%

2.7%

VNQ wins+0.8 pts

AUM

$35.9B

$1.3B

VNQ28.6× more

3–1BBRE wins

Vanguard VNQ and J.P. Morgan BBRE · year-to-date · as of Nov 10, 2026 · AUM not scored

BBRE vs VOO

YTD

BBRE · JPMorgan BetaBuilders MSCI US REIT

+17.6%

VOO · S&P 500

+11.3%

Gap

6.3 pts

J.P. Morgan BBRE and Vanguard VOO · YTD total return · as of Nov 10, 2026

BBRE vs Its Peer Average

YTD

BBREAvsBPeer average

1D+1.6%+1.5%

1M+7.4%+6.2%

3M+1.5%−0.3%

YTD+17.6%+10.4%

1Y+17.9%+10.9%

3Y+52.1%+40.3%

5Y+19.6%+7.6%

7–0BBRE wins

45 Real estate peers · each row scaled to its leader

How Bumpy Is BBRE?

View

BBRE

How Bumpy

1.0×the S&P 500’s swings

CalmerBumpierS&P 1×BBRE

Calm rank among 7 real estate funds#4

Other real estate funds0.9× to 1.1×

J.P. Morgan BBRE · daily swings over the past year vs the S&P 500

BBRE

Worst Drop

−12.5%from its Jul 24 high

Still below the high−4.7%

$10,000 at the high is now$9,530

J.P. Morgan BBRE · fall from the highest close, past year

BBRE

On a Bad Day

0.1×the S&P 500’s fall

BBRE’s worst day: Friday, Mar 20

BBRE

−3.2%

S&P 500

−1.4%

Up days56 of every 100

S&P 500 up days52 of every 100

J.P. Morgan BBRE · average move on days the S&P 500 fell

BBRE

Return for the Bumps

1Y#2 of 7 real estate funds

#1USRTiShares

most for the bumps

#2BBREJ.P. Morgan

#3DFARDimensional

#4SCHHSchwab

#5REETiShares

calmest ride

#6VNQVanguard

#7XLRESPDR

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

BBRE

Cost

Today

$11a year per $10,000

SCHH

XLRE

USRT

BBRE

$11

VNQ

$13

REET

$14

DFAR

$22

Expense ratio 0.11%, taken from the fund’s value

BBRE

Volatility & Beta

14.2%annual volatility

S&P 500 volatility13.7%

Downside volatility9.4%

Beta vs SPY0.27

Correlation vs SPY0.26

Beta rank, lowest first, of 7#3

Daily total returns × √252 · past 254 trading days

BBRE

Max Drawdown

−12.5%peak to trough

Peak closeJul 24, 2026

Current drawdown−4.7%

Worst day−3.25% · Mar 20

Closing prices, dividends in

BBRE

Up / Down Capture

12%down capture vs SPY

Down days

12%

Up days

29%

S&P 500

100%

Up ÷ down capture2.55

Up days55.9% (S&P 52.4%)

Average daily move on SPY up days and down days

BBRE

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
USRT	1.02	1.55	14.0%	−12.4%	0.28	$8
BBRE	0.97	1.47	14.2%	−12.5%	0.27	$11
DFAR	0.93	1.40	14.1%	−11.5%	0.27	$22
SCHH	0.90	1.36	14.3%	−11.9%	0.26	$7
REET	0.70	1.04	12.6%	−11.3%	0.36	$14
VNQ	0.66	1.00	14.3%	−11.4%	0.33	$13
XLRE	0.62	0.93	14.7%	−11.1%	0.31	$8

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

BBRE

Trading

Today

+1.64%above its holdings’ value

Close$106.89

NAV$105.17

Fee per $10,000$11 a year

Avg. volume 30D54K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 9

The Details

BBRE

Fund Facts

Today

2018launched Jun 15

Tracks[…]

Exchange · CUSIPCBOE · 46641Q738

StructureETF

Leverage1x

Cost on $10,000$11 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

J.P. Morgan BBRE · fund facts · as of Nov 10, 2026

BBRE

Payouts by Year

$0.82per share, Sep 2026

Distribution yield2.7%

PaidEvery quarter

Latest ex-date · paidSep 22 · Sep 24, 2026

12 payouts added up$8.82 a share

J.P. Morgan BBRE · distributions by ex-date · 2018–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-08-31 ↗SEC reported portfolio · 2026-05-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-02-28 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-11-30 ↗SEC reported portfolio · 2025-08-31 ↗SEC reported portfolio · 2025-05-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-02-28 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$105.17

Premium / discount[…]

Median spread · 30D[…]

Volume today25K

Average volume · 30D54K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.11%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$11.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Sep 22, 2026	Sep 24, 2026	$0.82
Jun 23, 2026	Jun 25, 2026	$0.68
Mar 24, 2026	Mar 26, 2026	$0.41
Dec 23, 2025	Dec 26, 2025	$1.02
Sep 23, 2025	Sep 25, 2025	$0.73
Jun 24, 2025	Jun 26, 2025	$0.74
Mar 25, 2025	Mar 27, 2025	$0.51
Dec 24, 2024	Dec 27, 2024	$0.93
Sep 24, 2024	Sep 26, 2024	$0.72
Jun 25, 2024	Jun 27, 2024	$0.80
Mar 19, 2024	Mar 22, 2024	$0.54
Dec 19, 2023	Dec 22, 2023	$0.94

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