JPMorgan Climate Change Solutions Active ETF Reports No Derivative Exposure and $3.58 Million NAV as of June 2026

T3MP Reports $3.58 Million Net Asset Value at 30 June 2026

According to the update lodged with the ASX by JPMorgan Asset Management (Australia) Limited, the JPMorgan Climate Change Solutions Active ETF recorded a Net Asset Value of $3,581,355.66 as of 30 June 2026. This amount represents the total asset value of the fund at the end of the reporting period and is used as 100% of the NAV for the derivatives disclosure.

This NAV figure helps investors gauge the fund’s size and investor engagement in the climate change solutions strategy. The update did not provide details on underlying holdings, redemptions, or unit numbers, as it was limited to the mandatory derivatives exposure reporting.

No Notional Listed Derivative Exposure at Month-End

The disclosure confirms that T3MP had zero notional listed derivative exposure as of 30 June 2026, equating to 0.00% of the fund’s NAV. Notional listed derivative exposure refers to the market value of securities underlying derivative contracts such as futures or options traded on exchanges. The absence of such exposure indicates the fund was not utilizing listed derivatives at the reporting date.

It is important to distinguish notional derivative exposure from the profit or loss on derivative contracts. A fund may hold derivatives with large notional values but experience modest gains or losses. In this instance, the fund held no derivative positions at all on the measurement date, providing a clear view of its derivative risk profile.

OTC Derivative Exposure Also Reported as Nil, Excluding FX Hedging

In addition to listed derivatives, the report covers over-the-counter (OTC) derivative exposure, excluding those used for currency hedging. As of 30 June 2026, OTC derivative exposure was also zero, representing 0.00% of NAV. OTC derivatives, such as swaps or forward contracts, are privately negotiated and can introduce counterparty risk and complexity.

The exclusion of FX hedging instruments aligns with ASX’s standard reporting requirements under Operating Rule 10A.3.1(e). Currency hedging is treated separately as a risk management tool rather than a return enhancement strategy. The fund’s choice to exclude FX hedging from the reported figures follows regulatory guidance and market conventions. Investors should note that FX-related derivatives may still be held but are not reflected in this disclosure.

ASX Operating Rule 10A.3.1(e) Mandates Regular Derivative Exposure Reporting for Active ETFs

This disclosure was made in compliance with ASX Operating Rule 10A.3.1(e), which requires active exchange-traded managed funds to periodically report derivative exposures. This ensures investors and market participants receive timely and accurate information about the fund’s risk profile.

Such regulatory disclosures are standard for actively managed ETFs under the ASX framework and do not indicate any change in investment strategy. The filing reflects transparency obligations inherent in active ETF structures, where managers have discretion over portfolio composition. Investors can track these disclosures over time to monitor changes in derivative usage.

Investment Focus of T3MP’s Climate Change Solutions Strategy

The company update states that the JPMorgan Climate Change Solutions Active ETF aims to generate returns by investing in companies aligned with climate change solutions, as outlined in its Product Disclosure Statement (PDS). The fund operates via an Underlying Fund structure, directing assets into a separately managed fund holding securities consistent with the climate change theme.

This theme generally includes companies involved in renewable energy, energy efficiency, sustainable transport, and other activities addressing climate change mitigation or adaptation. The update did not disclose specific portfolio holdings, sector breakdowns, or performance data for the period. Investors seeking detailed portfolio information should consult the PDS or contact the fund manager directly.

Roles of JPMorgan Asset Management Australia and Perpetual Trust Services in Fund Management

The update was issued by JPMorgan Asset Management (Australia) Limited, holder of Australian Financial Services Licence (AFSL No. 376919), which manages T3MP. The firm is located at Level 31, 101 Collins Street, Melbourne, and registered with ABN 55 143 832 080. As manager, it oversees investment decisions, regulatory filings, and operational duties.

Perpetual Trust Services Limited (ABN 48 000 142 049, AFSL 236648) acts as the responsible entity or trustee, issuing the fund. This separation of manager and issuer is standard in the Australian managed fund industry, providing governance and investor protection. For further information about the fund or this update, investors may contact JPMorgan Asset Management (Australia) Limited at 1800 576 468.

Implications of Nil Derivative Exposure on Portfolio Construction

The lack of both listed and OTC derivative exposure (excluding FX hedging) as of 30 June 2026 suggests the fund employed a straightforward, equity-focused approach without leveraged or hedged derivative overlays. This may reflect the manager’s current market outlook or be a characteristic of the fund’s long-only investment process centered on climate change solutions.

It should be noted that the absence of derivatives is not necessarily permanent. The PDS may allow derivative use under certain conditions, and future disclosures might show changes depending on market or portfolio management factors. Investors monitoring the fund’s risk profile over time will find these periodic reports useful for assessing shifts in strategy or risk management.

Investor Guidance on Monitoring Future Derivative Disclosures for T3MP

As these disclosures are released periodically under the ASX active ETF framework, investors should track future reports to identify any significant changes in derivative usage or NAV growth. An increase in derivative exposure could signal a strategic shift, while NAV growth may indicate positive performance or inflows.

This disclosure is generally viewed as routine compliance and unlikely to impact share price immediately. Nonetheless, transparency about leverage and derivatives remains important for both institutional and retail investors assessing ETF risk. The next periodic derivative disclosure will provide updated insights into the fund’s positioning.

Disclaimer and Limitations of the Company Update

JPMorgan Asset Management (Australia) Limited has stated that this release is for general information only and should not be considered financial advice, a recommendation, or an offer to buy or sell any financial product. This disclaimer aligns with AFSL obligations under Australian law.

Readers should note that this article is based solely on the company update’s contents, which include the derivative exposure table and fund structure details. No additional financial, investment, or strategic information was provided. Investment decisions regarding T3MP or other products should be made with advice from licensed financial advisers and reference to the fund’s current PDS and Target Market Determination.