JMSTJPMorgan Ultra-Short Municipal Income ETF

Get income7y track recordRanked #101 of 1,622 in this goal

Seeks as high a level of current income exempt from federal income tax as is consistent with relative stability of principal.

By JPMorgan · Launched 2018

Annual Cost

0.18%

#884 of 5,562 · low cost

Fund Size

$6.4B

#384 of 5,562 · large

Dividend YieldGoal

2.69%

Track Record

7 years

#1,827 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,287+2.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Focus

ESG

What it actually holds

By weight

Concentration

Top 10 holdings = 20.0% of fund✓ well diversified

JPMorgan Institutional Tax Free Money Market Fund

12.5%

New York City Municipal Water Finance Authority

1.2%

State of Minnesota

0.9%

Triborough Bridge & Tunnel Authority

0.9%

Township of Woodbridge NJ

0.8%

Maryland Health & Higher Educational Facilities Authority

0.8%

County of Hamilton OH Sales Tax Revenue

0.8%

City of New York NY

0.7%

New York City Transitional Finance Authority Future Tax Secured Revenue

0.7%

Massachusetts Development Finance Agency

0.7%

Asset allocation

Bonds

82.9%

Cash

17.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

0.6%Low

Year-on-year price swings

Max drawdown

-2.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)

-0.36Below average

Sortino (3Y)

-0.49Moderate downside risk

Bond profile

Duration

4.0 years

Avg maturity

10.2 years

Credit ratings

AAA

14.8%

62.7%

11.1%

BBB

0.5%

0.1%

Other

10.8%

Where to buy

Listing

Exchange: NYSE Arca, Cboe BZX

Full fund details

Objective: Seeks as high a level of current income exempt from federal income tax as is consistent with relative stability of principal.
Strategy: Invests primarily in municipal securities exempt from federal income tax, maintaining an average weighted maturity of two years or less. Up to 25% may be in securities subject to federal alternative minimum tax. The Fund may invest in various municipal instruments, including short-term notes and mortgage-backed securities, primarily focusing on investment-grade securities. Up to 10% may be in junk bonds. The adviser conducts a risk/reward analysis and considers ESG factors in its investment decisions.
Inception date: October 16, 2018
Fund family: JPMorgan