JMUBJPMorgan Municipal ETF

Get income7y track recordRanked #107 of 1,622 in this goal

Seeks to provide monthly dividends, which are excluded from gross income, and to protect the value of your investment by investing primarily in municipal obligations.

By JPMorgan · Launched 2018

Annual Cost

0.18%

#884 of 5,562 · low cost

Fund Size

$7.8B

#326 of 5,562 · large

Dividend YieldGoal

3.59%

Track Record

7 years

#1,834 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,579+5.8%

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

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Focus

ESG

Index tracked

Bloomberg US Municipal Index

What it actually holds

By weight

Concentration

Top 10 holdings = 13.9% of fund✓ well diversified

JPMorgan Institutional Tax Free Money Market Fund

8.8%

California Community Choice Financing Authority

0.7%

Connecticut State Health & Educational Facilities Authority

0.6%

Kentucky Public Energy Authority

0.6%

County of Utah UT

0.6%

Long Island Power Authority

0.5%

Black Belt Energy Gas District

0.5%

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue

0.5%

Main Street Natural Gas, Inc.

0.5%

Buckeye Tobacco Settlement Financing Authority

0.5%

Asset allocation

Bonds

90.4%

Cash

9.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.4%Low

Year-on-year price swings

Max drawdown

-12.5%Mild

Worst peak-to-trough loss

Sharpe (3Y)

0.08Below average

Sortino (3Y)

0.11Moderate downside risk

Bond profile

Duration

4.7 years

Avg maturity

10.4 years

Credit ratings

AAA

14.9%

42.0%

27.6%

BBB

7.8%

2.5%

0.3%

Below B

0.1%

Other

5.0%

Where to buy

Listing

Exchange: NYSE Arca, Cboe BZX

Full fund details

Objective: Seeks to provide monthly dividends, which are excluded from gross income, and to protect the value of your investment by investing primarily in municipal obligations.
Strategy: Invests primarily in municipal securities, aiming for income exempt from federal income tax. May invest in various municipal obligations, including bonds and notes, with a focus on investment-grade securities. Up to 20% may be in below-investment-grade securities. The Fund's duration typically aligns with the Bloomberg US Municipal Index, plus or minus two years. The adviser evaluates securities based on risk/reward analysis, considering ESG factors in investment decisions.
Inception date: October 29, 2018
Fund family: JPMorgan