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Name

As of 11/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

JPMorgan Inflation Managed Bond ETF

JCPI | Active ETF

$46.97

$645 M

3.58%

$1.68

0.40%

Vitals

YTD Return

4.4%

1 yr return

7.7%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$645 M

Holdings in Top 10

37.1%

52 WEEK LOW AND HIGH

$47.0
$45.32
$48.20

Expenses

OPERATING FEES

Expense Ratio 0.40%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

JPMorgan Inflation Managed Bond ETF

JCPI | Active ETF

$46.97

$645 M

3.58%

$1.68

0.40%

JCPI - Profile

Distributions

  • YTD Total Return 4.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Inflation Managed Bond ETF
  • Fund Family Name
    JPMorgan Funds
  • Inception Date
    Apr 11, 2022
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott Grimshaw

Fund Description

The Fund is designed to protect the total return generated by its core fixed income holdings from inflation risk. As used in the Fund’s goal, “total return” includes income and capital appreciation. The Fund seeks to hedge this risk by using swaps that are based on the Non-Seasonally Adjusted Consumer Price Index for all Urban Consumers (CPI-U) in combination with its core portfolio of fixed income securities. This strategy is intended to create the equivalent of a portfolio of inflation-protected fixed income securities. Secondarily, the Fund may purchase other investments including actual inflation-protected securities such as Treasury Inflation Protected Securities (TIPS).“Inflation Managed” in the Fund’s name does not refer to a type of security in which the Fund invests, but rather describes the Fund’s overall strategy of creating a portfolio of inflation-protected securities. Under normal circumstances, the Fund will invest at least 80% of its “Assets” in bonds. “Assets” means net assets, plus the amount of borrowings for investment purposes.As part of its main investment strategy, the Fund may principally invest in corporate bonds, U.S. government and agency debt securities, asset-backed securities, and mortgage-related and mortgage-backed securities. Mortgage-related and mortgage-backed securities may be structured as collateralized mortgage obligations (agency and non-agency), stripped mortgage-backed securities (interest-only or principal-only), commercial mortgage-backed securities, and mortgage pass-through securities. Additional information about these types of investments may be found in “Investment Practices” in the Fund’s prospectus. The Fund may invest up to 10% of the Fund’s total assets in securities that, at the time of purchase, are rated below investment grade (also known as junk bonds or high yield securities) by Moody’s Investor Service, Inc. (Moody’s), Standard & Poor’s Corporation (S&P), Fitch Rating (Fitch) or the equivalent by another national rating organization, or securities that are unrated but are deemed by the adviser to be of comparable quality. In addition, all securities will be U.S. dollar-denominated although they may be issued by a foreign corporation, government or its agencies and instrumentalities. The Fund may invest a significant portion or all of its assets in mortgage-related and mortgage-backed securities at the adviser’s discretion. The Fund expects to invest no more than 10% of its assets in “sub-prime” mortgage-related securities at the time of purchase.The Fund uses derivatives as a principal strategy. Derivatives are instruments that have a value based on another instrument, exchange rate or index. The Fund uses CPI-U swaps for inflation hedging purposes. In addition to CPI-U swaps, the Fund has flexibility to use swaps (including credit default swaps) and futures for hedging purposes, to increase income and gain to the Fund, and as part of its risk management process by establishing or adjusting exposure to particular securities or markets and/or to manage cash flows. The Fund may use swaps structured as credit default swaps to gain or hedge exposure to investment grade or high yield securities or indexes of investment grade or high yield securities.The adviser buys and sells securities and investments for the Fund based on its view of individual securities and market sectors. Taking a long-term approach, the adviser looks for individual fixed income investments that it believes will perform well over market cycles. The adviser is value oriented and makes decisions to purchase and sell individual securities and instruments after performing a risk/reward analysis that includes an evaluation of interest rate risk, credit risk, duration, liquidity, legal provisions and the structure of the transaction. As part of its investment process, the adviser seeks to assess the impact of environmental, social and governance (ESG) factors on certain issuers or countries in the universe in which the Fund may invest. The adviser’s assessment is based on an analysis of key opportunities and risks across industries to seek to identify financially material issues with respect to the Fund’s investments in issuers and ascertain key issues that merit engagement with issuers. These assessments may not be conclusive and securities or countries that may be negatively impacted by such factors may be purchased and retained by the Fund while the Fund may divest or not invest in securities of issuers that may be positively impacted by such factors.
Read More

JCPI - Performance

Return Ranking - Trailing

Period JCPI Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -13.3% 17.2% N/A
1 Yr 7.7% -41.6% 14.8% 0.94%
3 Yr N/A* -29.9% 4.3% 0.99%
5 Yr N/A* -11.3% 3.6% 1.03%
10 Yr N/A* -7.2% 1.9% 0.76%

* Annualized

Return Ranking - Calendar

Period JCPI Return Category Return Low Category Return High Rank in Category (%)
2023 1.5% -52.3% 1.1% N/A
2022 N/A -4.0% 9.2% N/A
2021 N/A -47.0% 7.7% N/A
2020 N/A -4.2% 4.1% N/A
2019 N/A -2.3% 0.1% N/A

Total Return Ranking - Trailing

Period JCPI Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -13.3% 51.2% N/A
1 Yr 7.7% -41.6% 14.8% 0.94%
3 Yr N/A* -29.9% 4.3% 0.99%
5 Yr N/A* -11.3% 3.6% 1.03%
10 Yr N/A* -7.2% 1.9% 0.76%

* Annualized

Total Return Ranking - Calendar

Period JCPI Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% -52.3% 1.1% N/A
2022 N/A -4.0% 9.2% N/A
2021 N/A -47.0% 7.7% N/A
2020 N/A -4.2% 4.1% N/A
2019 N/A -1.9% 0.1% N/A

JCPI - Holdings

Concentration Analysis

JCPI Category Low Category High JCPI % Rank
Net Assets 645 M 8.02 M 61.7 B 54.88%
Number of Holdings 788 6 1306 5.12%
Net Assets in Top 10 248 M -122 M 35.7 B 61.40%
Weighting of Top 10 37.07% 9.2% 100.0% 90.10%

Top 10 Holdings

  1. U.S. Treasury Inflation Linked Notes 12.89%
  2. U.S. Treasury Inflation Linked Notes 9.52%
  3. U.S. Treasury Inflation Linked Notes 6.64%
  4. JPMorgan Prime Money Market Fund, Class IM 3.38%
  5. U.S. Treasury Inflation Linked Notes 1.53%
  6. FNMA/FHLMC UMBS, Single Family, 30 Year 0.67%
  7. FNMA ACES, Series 2022-M1G, Class A2 0.63%
  8. Avolon Holdings Funding Ltd. 0.62%
  9. FNMA UMBS, 30 Year 0.62%
  10. FNMA, Other 0.56%

Asset Allocation

Weighting Return Low Return High JCPI % Rank
Bonds 		86.96% -13.04% 150.30% 57.67%
Other 		9.87% -1.41% 40.08% 11.16%
Cash 		3.38% -50.72% 72.87% 42.79%
Stocks 		0.00% 0.00% 29.58% 26.51%
Preferred Stocks 		0.00% 0.00% 0.43% 9.30%
Convertible Bonds 		0.00% 0.00% 3.96% 2.33%

Bond Sector Breakdown

Weighting Return Low Return High JCPI % Rank
Cash & Equivalents 		3.38% 0.00% 18.36% 54.42%
Securitized 		0.00% 0.00% 58.03% 8.37%
Corporate 		0.00% 0.00% 50.64% 5.12%
Municipal 		0.00% 0.00% 1.28% 28.37%
Government 		0.00% 6.70% 100.00% 95.35%
Derivative 		-0.34% 0.00% 26.02% 31.16%

Bond Geographic Breakdown

Weighting Return Low Return High JCPI % Rank
US 		86.96% -13.04% 120.98% 83.72%
Non US 		0.00% -8.42% 54.30% 16.74%

JCPI - Expenses

Operational Fees

JCPI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.40% 0.01% 1.71% 81.60%
Management Fee 0.28% 0.00% 0.99% 47.03%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

JCPI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

JCPI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JCPI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 246.00% N/A

JCPI - Distributions

Dividend Yield Analysis

JCPI Category Low Category High JCPI % Rank
Dividend Yield 3.58% 0.00% 10.62% 90.41%

Dividend Distribution Analysis

JCPI Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

JCPI Category Low Category High JCPI % Rank
Net Income Ratio N/A -0.06% 6.71% N/A

Capital Gain Distribution Analysis

JCPI Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

JCPI - Fund Manager Analysis

Managers

Scott Grimshaw

Start Date

Tenure

Tenure Rank

Mar 31, 2010

12.18

12.2%

Scott E. Grimshaw, Executive Director and CFA charterholder, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. An employee at J.P. Morgan Investment Management Inc. since 1988. Mr. Grimshaw is a portfolio manager for the U.S. Value Driven team and is responsible for managing institutional taxable bond portfolios. He was vice president and a has been a portfolio manager on the Taxable Bond Team since 1996. He is also responsible for the government sector. Grimshaw holds the Chartered Financial Analyst designation.

Steven Lear

Start Date

Tenure

Tenure Rank

Dec 31, 2013

8.42

8.4%

Mr. Lear is the U.S. Chief Investment Officer within the GFICC group. An employee since 2008. Mr. Lear is responsible for overseeing fixed income investment strategies in the U.S., including core plus, insurance, liability-driven investing and stable value.

David Rooney

Start Date

Tenure

Tenure Rank

Dec 31, 2015

6.42

6.4%

Mr. Rooney, Executive Director and CFA charterholder, is a portfolio manager in the Global Fixed Income, Currency & Commodities (GFICC) group. An employee since 2012 and portfolio manager since 2015, Mr. Rooney is responsible for managing fixed income and derivative assets, with an emphasis on inflation-linked products. Prior to joining the firm, Mr. Rooney was with BNY Mellon Asset Management and the Bank of New York, most recently as a portfolio managers and trader focused on securitized products.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 20.51 6.57 11.1

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