What Is BBIN? JPMorgan BetaBuilders International Equity ETF
Last updated October 2026
Short answer
BBIN is JPMorgan BetaBuilders International Equity ETF, an ETF that tracks an index of developed-market large and mid cap companies outside the United States at a 0.07% expense ratio. BBIN provides developed international equity exposure at 0.07%, which is at the low end of what any fund charges for the asset class. The portfolio is broad, with the top ten holdings adding up to roughly 14.3% as of October 2026, but one name stands apart: ASML at 3.2%, about double HSBC Holdings at 1.6%. Financials are the largest sector at 26%, ahead of industrials at 19%, technology at 12% and healthcare at 10%. The fund distributes 3.73%, holds $6.5B and launched in 2019. As of October 16, 2026 the share price was up 6.7% year to date and 10.1% over one year.
BBIN is issued by J.P. Morgan Asset Management and tracks an index of developed-market large and mid cap companies outside the United States. It charges a 0.07% expense ratio, holds approximately $6.5B in assets under management, yields about 3.73%, and launched in 2019.
One Dutch company is the largest single-stock risk
ASML at 3.2% as of October 2026 is the fund's outlier. It makes the lithography equipment required to manufacture advanced semiconductors, and it has no meaningful competitor for the most advanced generation of that equipment. That gives it a position in the global chip supply chain unlike anything else in the portfolio, and it also gives the fund a concentrated exposure to semiconductor capital spending and to export controls on that equipment.
Below it the weights fall away quickly and evenly: HSBC Holdings at 1.6%, Roche at 1.4%, Shell at 1.3%, Novartis at 1.3%, Mitsubishi UFJ Financial Group at 1.2%, AstraZeneca at 1.2%, Nestle at 1.1%, Siemens at 1.1% and BHP Group at 1.0%. That is a genuinely diffuse portfolio outside the top position.
Tokyo Electron, also a semiconductor equipment maker, sat in the top ten in August and has since been replaced there by the Australian miner BHP Group. Even so, the fund's technology exposure remains led by a supplier to chip fabrication rather than by chip designers or software companies. Technology exposure outside the US looks structurally different from the American version: it is weighted toward equipment, components and manufacturing rather than platforms.
Why the yield is 3.73%
3.73% is well above what a broad US equity fund distributes, and the reason is corporate custom rather than any income screen in the fund. European companies typically pay out a larger share of earnings than American ones, and share buybacks, which are the dominant way US companies return cash, are less prevalent across much of Europe and Japan.
The mechanics differ too. Many European companies pay once or twice a year rather than quarterly, and set the payment as a proportion of the year's profits rather than as a stable per-share amount they aim to hold or raise. That means distributions from an international fund are lumpier and more variable year to year than a US equity fund's.
Distributions from foreign shares are also subject to withholding tax in the country of origin. In a taxable US account, part of that may be recoverable through the foreign tax credit. In a tax-deferred account it generally is not, which is a real and often overlooked cost of holding international equities in a retirement account.
A different index shape from the US market
Financials at 26% and industrials at 19% together make up 45% of the fund as of October 2026. Technology at 12% is a distant third. A US total market fund inverts that ordering entirely. This is the most important structural difference between domestic and international equity exposure, and it is a larger effect than the currency or country composition that gets more attention.
The practical consequence is that international funds respond to different drivers: bank net interest margins and credit conditions in Europe and Japan, capital goods orders, and the industrial cycle. Periods when technology platforms lead the US market are periods when this fund will look very different from a domestic holding, in both directions. 2026 so far has been a moderate year: as of October 16, 2026 the share price was up 6.7% year to date and 10.1% over one year, roughly flat over three months, and Yahoo Finance puts the 3-year average total return at 18.3%.
The fund does not hedge its currency exposure, so what a US investor receives includes the movement of the euro, yen, pound, franc and other currencies against the dollar. Over long horizons currency effects tend to be less decisive than the underlying businesses, but over any given year they can be the largest single factor in the outcome.
BBIN holdings: top 10
Approximate weights as of October 2026. Each ticker links to its individual stock guide in Walnut.
| Rank | Ticker | Company | % of BBIN | |
|---|---|---|---|---|
| 1 | ASML.AS | ASML Holding NV | 3.2% | |
| 2 | HSBA.L | HSBC Holdings PLC | 1.6% | |
| 3 | ROP.SW | Roche Holding AG Ordinary Shares new | 1.4% | |
| 4 | SHEL.L | Shell PLC | 1.3% | |
| 5 | NOVN.SW | Novartis AG Registered Shares | 1.3% | |
| 6 | 8306.T | Mitsubishi UFJ Financial Group Inc | 1.2% | |
| 7 | AZN.L | AstraZeneca PLC | 1.2% | |
| 8 | NESN.SW | Nestle SA | 1.1% | |
| 9 | SIE.DE | Siemens AG | 1.1% | |
| 10 | BHP.AX | BHP Group Ltd | 1.0% |
How do I invest in BBIN?
There are three common ways to get BBIN exposure. Buy shares (or fractional shares) of BBIN directly at any major broker that lists it. Hold it as a core position and layer more concentrated ideas on top. Or build it into a thematic portfolio in Walnut, so BBIN sits alongside other holdings that express the same thesis, with target weights you can rebalance toward. BBIN trades like a stock during market hours, so you buy it the same way you would any listed share.
New to buying funds? See how to buy an ETF, step by step.
Is BBIN a good buy?
Whether BBIN is a good buy depends less on any single call and more on your time horizon and what you already hold: it tracks an index of developed-market large and mid cap companies outside the United States, so the real question is whether you want that exposure in your mix and at what weight. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is BBIN a buy?
The bottom line on BBIN
BBIN gives you an index of developed-market large and mid cap companies outside the United States exposure in one ticker at a 0.07% expense ratio. Most investors use it as a core holding and layer more concentrated thematic portfolios on top.
More on BBIN
Whether BBIN is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is BBIN a buy?
BBIN yields 3.73% as of October 2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see BBIN dividend: yield and schedule.
For what analysts expect from the companies BBIN holds, its yield as a guide to income, and why no one publishes a price target for the fund itself, see the BBIN forecast.
New to funds like BBIN? Start with what an ETF is, then how to buy an ETF, or browse the full guide to ETF investing.
Wondering how BBIN fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in BBIN with AI
Connect the broker you already use and ask Walnut's AI how BBIN fits what you actually hold: what it overlaps with, what it leaves you exposed to, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
Which markets does BBIN cover?
+
Developed markets outside the United States. The top holdings show the geography clearly: Dutch, British, Swiss, German, Japanese and Australian companies dominate the largest positions. The portfolio spans large and mid sized companies, so it reaches beyond the very biggest multinationals into the middle of each market.
Does BBIN include emerging markets?
+
No. It is a developed-markets fund, so countries classified as emerging, including China, India, Brazil and Taiwan, are not part of the universe. An investor wanting full international coverage typically pairs a developed-markets fund with a separate emerging-markets fund, or uses a single total international fund that combines both.
Why is ASML about twice the weight of the next holding?
+
Because the index weights by market value and ASML is by a wide margin the largest company in the developed non-US universe by that measure. It supplies the lithography machines required to make advanced semiconductors, with no direct competitor at the leading edge. That concentration means the fund carries specific exposure to chip capital spending and to export policy on that equipment. As of October 2026 it sits at 3.2%, against 3.6% in August, while HSBC has edged up to 1.6%.
Why is the yield higher than a US equity fund's?
+
European and Japanese companies typically distribute a larger proportion of earnings as dividends, while US companies lean more heavily on share buybacks. Many also pay annually or semi-annually rather than quarterly, and set the amount as a share of the year's profit rather than as a smoothed figure. The result is a higher but lumpier 3.73% distribution.
How does BBIN differ from other broad developed international funds?
+
Mostly at the edges. Competing funds use different index providers with slightly different rules about which countries count as developed, whether Canada and South Korea are included, and how far down the size range they reach. Fees are close across the category. Day-to-day behaviour among the major options is similar, and the differences show up over long periods rather than weekly.
Does currency movement affect what I receive?
+
Yes. The fund holds shares priced in euros, yen, pounds, francs and other currencies and does not hedge that exposure back to dollars. When the dollar strengthens, the dollar value of those holdings falls independently of how the companies perform, and the reverse when it weakens. Over a single year currency can be the largest factor in the result.
Why are financials the biggest sector?
+
Banks and insurers make up a far larger share of European and Japanese market capitalisation than of the US market, where technology platforms dominate. At 26% as of October 2026, financials here are roughly double their weight in a US total market fund. That makes the fund more sensitive to lending margins, credit conditions and central bank policy in those regions than a domestic holding would be.
How are foreign dividends taxed?
+
Foreign governments generally withhold tax on dividends before they reach the fund. In a US taxable account, a portion of that withholding can often be reclaimed via the foreign tax credit. In a tax-deferred retirement account the credit is typically unavailable, so the withholding becomes a permanent cost. This is a genuine consideration when deciding where to hold international equity.
What is BBIN's expense ratio?
+
BBIN has an expense ratio of 0.07% per year as of October 2026, charged by J.P. Morgan Asset Management and deducted from the fund's value rather than billed to you separately. On a $10,000 position that is roughly $7 a year. Fees compound over time, so on a long-term holding the expense ratio is one of the few return drivers you control. It is worth comparing against other funds that track an index of developed-market large and mid cap companies outside the United States before you choose.
How do I compare BBIN to similar ETFs?
+
Put a few fields side by side: the expense ratio (fees compound over decades), the index or strategy it tracks, the top holdings and how much they overlap with what you already own, the dividend yield, and the AUM, liquidity, and bid-ask spread that affect trading costs. For index funds, tracking error (how closely it follows its index) and tax efficiency matter too. BBIN's figures are above; the full method is in Walnut's guide on how to compare ETFs.
Related ETFs
Walnut is informational, not investment advice. Holdings weights and fund statistics on this page are approximations stamped to October 2026; verify current figures against J.P. Morgan Asset Management's fund page or your broker before investing.