Form 497K J.P. Morgan Exchange-Tra

J.P. MORGAN EXCHANGE-TRADED FUNDS

JPMorgan Corporate Bond Research Enhanced ETF

JPMorgan High Yield Research Enhanced ETF

(each, a “Fund”)

(each, a series of JPMorgan Exchange-Traded Fund Trust)

Supplement dated October 4, 2021

to the Summary Prospectuses and Prospectus dated July 1, 2021

Effective immediately, the portfolio manager information in the “Risk/Return Summary — Management” section of each Fund’s Summary Prospectus and Prospectus is deleted in its entirety and replaced with the following:

JPMorgan Corporate Bond Research Enhanced ETF

Management

J.P. Morgan Investment Management Inc. (the adviser)

JPMorgan High Yield Research Enhanced ETF

Management

J.P. Morgan Investment Management Inc. (the adviser)

In addition, the “The Funds’ Management and Administration — The Portfolio Managers” section of each Fund’s Prospectus is deleted in its entirety and replaced with the following:

JPMorgan Corporate Bond Research Enhanced ETF

The lead portfolio managers who are primarily responsible for the day-to-day management of the Fund are listed below. As part of that responsibility, the portfolio managers establish and monitor the overall duration, yield curve, and sector allocation strategies for the Fund. The portfolio managers are assisted by multiple sector and research teams who help formulate duration and allocation recommendations and support the strategies of the Fund within the parameters established by the portfolio managers.

The lead portfolio managers who are primarily responsible for the day-to-day management of the Fund are Lisa Coleman, Managing Director and CFA charterholder, Lorenzo Napolitano, Executive Director and CFA charterholder, Naveen Kumar, Executive Director, Qiwei Zhu, Executive Director and CFA charterholder and Sameer Iqbal, Vice President. Ms. Coleman, Mr. Napolitano, Mr. Kumar, Mr. Zhu and Mr. Iqbal are responsible for establishing and monitoring the overall duration, yield curve, sector allocation, and the overweights and underweights of the Fund’s portfolio versus the benchmark. Ms. Coleman, Mr. Napolitano, Mr. Kumar, Mr. Zhu and Mr. Iqbal are assisted by regional sector and research teams who help formulate the macro credit, sector and security strategies of the Fund.

SUP-FIETF-1021

Ms. Coleman is responsible for managing investment grade corporate credit investments for the Fund. A portfolio manager of the Fund since July 2020 and an employee JPMIM since 2008, Ms. Coleman is the Global Head of the Investment Grade Corporate Credit team within the GFICC Team. Mr. Napolitano is a member of GFICC and a portfolio manager within the Investment Grade Corporate Credit Team. Prior to joining the firm in 2012, he was an associate portfolio manager at Lord, Abbett & Co. LLC where he traded and provided research analysis for institutional and retail portfolios within Investment Grade Credit. Mr. Kumar, Executive Director of JPMIM, has been a portfolio manager in the Quantitative Beta Strategies Team since 2016. An employee since 2011, he previously worked for the Global Head of Strategic Product Management from 2014 to 2016 and on the JPMorgan Private Bank Manager Selection Team specializing in equities from 2011 to 2014. Mr. Zhu is a member of GFICC and a quantitative analyst responsible for developing systematic alpha strategies, scorecards, indicators, and risk models in fixed income, currencies, commodities, and related derivatives. Prior to joining the firm in 2012, Mr. Zhu was a technology associate at Morgan Stanley Investment Management working on performance, attribution and risk. Mr. Iqbal is a member of GFICC and a portfolio manager within the Investment Grade Corporate Credit Team. Prior to joining the team, he was a fixed income analyst at J.P. Morgan Private Bank, where he assisted in the creation and maintenance of discretionary fixed income strategies spanning investment grade and high yield fixed income markets. Mr. Iqbal has been with the firm for 5 years.

JPMorgan High Yield Research Enhanced ETF

James P. Shanahan, Managing Director, Naveen Kumar, Executive Director, Qiwei Zhu, Executive Director and CFA charterholder and Alexander Sammarco, Executive Director, serve on the portfolio management team of the Fund. Mr. Shanahan and Mr. Sammarco are responsible for making investments for the Fund from the universe of corporate debt securities and rankings identified by the security selection process as well as making adjustments to manage issuer, sector and regional diversification within the portfolio. An employee of JPMIM or predecessor firms since 1998, Mr. Shanahan has worked in the high yield industry since 1986. He is a portfolio manager for high yield and leveraged loan products. Mr. Kumar, Executive Director of JPMIM, has been a portfolio manager in the Quantitative Beta Strategies Team since 2016. An employee since 2011, he previously worked for the Global Head of Strategic Product Management from 2014 to 2016 and on the JPMorgan Private Bank Manager Selection Team specializing in equities from 2011 to 2014. Mr. Zhu, is a member of GFICC and is a quantitative analyst responsible for developing systematic alpha strategies, scorecards, indicators, and risk models in fixed income, currencies, commodities, and related derivatives. Prior to joining the firm in 2012, Mr. Zhu was a technology associate at Morgan Stanley Investment Management working on performance, attribution and risk. Mr. Sammarco currently serves as a senior special situations analyst for JPMIM’s Cincinnati High Yield team. Prior to joining the firm in 2013, Mr. Sammarco was at Stark Investments, a global multi-strategy hedge fund, where he served as a senior member of the investment team.

INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE

SUMMARY PROSPECTUSES AND PROSPECTUS FOR FUTURE REFERENCE

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