JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF(CBOE:BBAX)

BBAX provides plain-vanilla cap-weighted exposure to developed-market Asian equities, excluding Japan. The fund targets 85% of the stocks traded on their respective primary exchanges by market-cap. Though the fund excludes small-caps, and therefore tilts larger than our segment benchmark, it does a good job of providing representative geographic exposure. BBAX aims to replicate the Underlying Index as closely as possible. If it is not possible or practical to hold all of the constituent securities the fund may utilize a representative sampling approach in which securities are chosen to provide the same investment characteristics of the index. The fund is rebalanced quarterly.