JPMorgan Ultra-Short Municipal Income ETF
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.7%
1 yr return
3.3%
3 Yr Avg Return
1.5%
5 Yr Avg Return
1.4%
Net Assets
$2.64 B
Holdings in Top 10
20.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.18%
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 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
JMST - Profile
Distributions
- YTD Total Return 0.7%
- 3 Yr Annualized Total Return 1.5%
- 5 Yr Annualized Total Return 1.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.26%
- Dividend Yield 3.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameJPMorgan Ultra-Short Municipal Income ETF
-
Fund Family NameJPMorgan Funds
-
Inception DateOct 16, 2018
-
Shares Outstanding68200036
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRichard Taormina
Fund Description
JMST - Performance
Return Ranking - Trailing
Period | JMST Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.7% | -4.7% | 11.1% | 3.83% |
1 Yr | 3.3% | -3.8% | 33.8% | 22.34% |
3 Yr | 1.5%* | -11.3% | 2.6% | 1.26% |
5 Yr | 1.4%* | -6.1% | 1102.0% | 11.20% |
10 Yr | N/A* | -0.5% | 248.1% | 13.60% |
* Annualized
Return Ranking - Calendar
Period | JMST Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.4% | -1.4% | 41.0% | 98.31% |
2022 | -1.0% | -39.7% | 0.3% | 1.12% |
2021 | 0.0% | -5.6% | 6.9% | 26.83% |
2020 | 1.1% | -2.6% | 310.0% | 78.34% |
2019 | 0.4% | 0.0% | 26.0% | 98.40% |
Total Return Ranking - Trailing
Period | JMST Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.7% | -4.7% | 11.1% | 3.83% |
1 Yr | 3.3% | -3.8% | 33.8% | 22.34% |
3 Yr | 1.5%* | -11.3% | 2.6% | 1.26% |
5 Yr | 1.4%* | -6.1% | 1102.0% | 11.20% |
10 Yr | N/A* | -0.5% | 248.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | JMST Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.6% | -1.3% | 41.0% | 90.76% |
2022 | 0.1% | -39.7% | 1.1% | 0.92% |
2021 | 0.3% | -4.8% | 23761504.0% | 80.21% |
2020 | 2.0% | -1.5% | 17057.9% | 89.82% |
2019 | 1.3% | 0.2% | 3514.6% | 99.37% |
JMST - Holdings
Concentration Analysis
JMST | Category Low | Category High | JMST % Rank | |
---|---|---|---|---|
Net Assets | 2.64 B | 3.22 M | 71.9 B | 12.69% |
Number of Holdings | 2095 | 2 | 13067 | 2.85% |
Net Assets in Top 10 | 526 M | -317 M | 3.4 B | 4.66% |
Weighting of Top 10 | 20.61% | 1.9% | 100.4% | 36.72% |
Top 10 Holdings
- JPMorgan Institutional Tax Free Money Market Fund, Class IM 7.41%
- Alabama Federal Aid Highway Finance Authority, Series 2015 1.84%
- County of St. Lucie, Power and Light Co. Project 1.79%
- Delaware County Industrial Development Authority, United Parcel Service Project 1.57%
- Black Belt Energy Gas District, Gas Prepay Project No. 4, Series 2019A-1 1.56%
- Minnesota Municipal Gas Agency, Series 2022B 1.36%
- Jersey City Municipal Utilities Authority, Sewer Project Notes, Series 2023A 1.35%
- Pennsylvania Turnpike Commission 1.29%
- State of Louisiana Gasoline Fuels Tax, Series A 1.26%
- City of Rochester, Series 2023I 1.19%
Asset Allocation
Weighting | Return Low | Return High | JMST % Rank | |
---|---|---|---|---|
Bonds | 64.22% | 0.00% | 150.86% | 98.97% |
Cash | 35.78% | -50.86% | 50.09% | 0.19% |
Stocks | 0.00% | 0.00% | 99.81% | 41.66% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 34.63% |
Other | 0.00% | -3.18% | 33.35% | 40.58% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 34.57% |
Bond Sector Breakdown
Weighting | Return Low | Return High | JMST % Rank | |
---|---|---|---|---|
Municipal | 80.18% | 44.39% | 100.00% | 98.70% |
Cash & Equivalents | 34.91% | 0.00% | 48.02% | 0.19% |
Derivative | 0.00% | -3.18% | 23.38% | 38.25% |
Securitized | 0.00% | 0.00% | 5.93% | 36.39% |
Corporate | 0.00% | 0.00% | 9.41% | 46.20% |
Government | 0.00% | 0.00% | 52.02% | 40.87% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | JMST % Rank | |
---|---|---|---|---|
US | 64.22% | 0.00% | 142.23% | 98.83% |
Non US | 0.00% | 0.00% | 23.89% | 40.00% |
JMST - Expenses
Operational Fees
JMST Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.18% | 0.01% | 20.65% | 97.60% |
Management Fee | 0.18% | 0.00% | 1.20% | 4.72% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | 17.46% |
Sales Fees
JMST Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
JMST Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
JMST Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 283.00% | 99.12% |
JMST - Distributions
Dividend Yield Analysis
JMST | Category Low | Category High | JMST % Rank | |
---|---|---|---|---|
Dividend Yield | 3.31% | 0.00% | 14.56% | 22.38% |
Dividend Distribution Analysis
JMST | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
JMST | Category Low | Category High | JMST % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.26% | -0.53% | 5.33% | 97.97% |
Capital Gain Distribution Analysis
JMST | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 04, 2024 | $0.140 | OrdinaryDividend |
Mar 06, 2024 | $0.145 | OrdinaryDividend |
Feb 06, 2024 | $0.140 | OrdinaryDividend |
Jan 03, 2024 | $0.139 | OrdinaryDividend |
Dec 06, 2023 | $0.139 | OrdinaryDividend |
Nov 06, 2023 | $0.146 | OrdinaryDividend |
Oct 05, 2023 | $0.144 | OrdinaryDividend |
Sep 07, 2023 | $0.145 | OrdinaryDividend |
Aug 04, 2023 | $0.126 | OrdinaryDividend |
Jul 07, 2023 | $0.135 | OrdinaryDividend |
Jun 06, 2023 | $0.129 | OrdinaryDividend |
May 04, 2023 | $0.123 | OrdinaryDividend |
Apr 06, 2023 | $0.110 | OrdinaryDividend |
Mar 06, 2023 | $0.120 | OrdinaryDividend |
Feb 06, 2023 | $0.110 | OrdinaryDividend |
Jan 04, 2023 | $0.091 | OrdinaryDividend |
Dec 06, 2022 | $0.078 | OrdinaryDividend |
Nov 04, 2022 | $0.088 | OrdinaryDividend |
Oct 06, 2022 | $0.061 | OrdinaryDividend |
Sep 07, 2022 | $0.064 | OrdinaryDividend |
Aug 04, 2022 | $0.043 | OrdinaryDividend |
Jul 07, 2022 | $0.038 | OrdinaryDividend |
Jun 06, 2022 | $0.030 | OrdinaryDividend |
May 05, 2022 | $0.029 | OrdinaryDividend |
Apr 06, 2022 | $0.012 | OrdinaryDividend |
Mar 04, 2022 | $0.016 | OrdinaryDividend |
Feb 04, 2022 | $0.010 | OrdinaryDividend |
Jan 04, 2022 | $0.014 | OrdinaryDividend |
Dec 06, 2021 | $0.012 | OrdinaryDividend |
Nov 04, 2021 | $0.007 | OrdinaryDividend |
Oct 06, 2021 | $0.008 | OrdinaryDividend |
Sep 07, 2021 | $0.006 | OrdinaryDividend |
Aug 05, 2021 | $0.008 | OrdinaryDividend |
Jul 07, 2021 | $0.013 | OrdinaryDividend |
Jun 04, 2021 | $0.011 | OrdinaryDividend |
May 06, 2021 | $0.015 | OrdinaryDividend |
Apr 07, 2021 | $0.011 | OrdinaryDividend |
Mar 04, 2021 | $0.021 | OrdinaryDividend |
Feb 04, 2021 | $0.012 | OrdinaryDividend |
Jan 05, 2021 | $0.018 | OrdinaryDividend |
Dec 04, 2020 | $0.022 | OrdinaryDividend |
Nov 05, 2020 | $0.020 | OrdinaryDividend |
Oct 06, 2020 | $0.023 | OrdinaryDividend |
Sep 04, 2020 | $0.029 | OrdinaryDividend |
Aug 06, 2020 | $0.031 | OrdinaryDividend |
Jul 07, 2020 | $0.038 | OrdinaryDividend |
Jun 04, 2020 | $0.038 | OrdinaryDividend |
May 06, 2020 | $0.046 | OrdinaryDividend |
Apr 06, 2020 | $0.081 | OrdinaryDividend |
Mar 04, 2020 | $0.052 | OrdinaryDividend |
Feb 05, 2020 | $0.048 | OrdinaryDividend |
Jan 03, 2020 | $0.000 | OrdinaryDividend |
Dec 04, 2019 | $0.000 | OrdinaryDividend |
Nov 05, 2019 | $0.000 | OrdinaryDividend |
Oct 03, 2019 | $0.000 | OrdinaryDividend |
Sep 05, 2019 | $0.000 | OrdinaryDividend |
Aug 05, 2019 | $0.000 | OrdinaryDividend |
Jul 03, 2019 | $0.069 | OrdinaryDividend |
Jun 05, 2019 | $0.069 | OrdinaryDividend |
May 03, 2019 | $0.075 | OrdinaryDividend |
Apr 03, 2019 | $0.070 | OrdinaryDividend |
Mar 05, 2019 | $0.076 | OrdinaryDividend |
Feb 05, 2019 | $0.073 | OrdinaryDividend |
Jan 03, 2019 | $0.071 | OrdinaryDividend |
Dec 05, 2018 | $0.068 | OrdinaryDividend |
Nov 05, 2018 | $0.033 | OrdinaryDividend |
JMST - Fund Manager Analysis
Managers
Richard Taormina
Start Date
Tenure
Tenure Rank
Oct 16, 2018
3.62
3.6%
Richard Taormina, Managing Director, has been an employee of JPMIM and/or its affiliates since 1997. Mr. Taormina is responsible for managing municipal mutual funds, institutional fixed income accounts and quantitative analysis. Previously, Mr. Taormina was a Certified Financial Planner for the Financial Advisory Group, where he was an investment analyst. Prior to joining the firm, Rick was a senior trader for national, high-yield, and state-specific funds at the Vanguard Group, where the team consistently performed in the top-quartile. He has been a municipal bond manager since 1990. Ricks holds a B.A. in economics from the University of Delaware, an M.B.A. in finance from Wilmington College, and is a Certified Financial Planner (CFP).
Josh Brunner
Start Date
Tenure
Tenure Rank
Oct 16, 2018
3.62
3.6%
Brunner, Executive Director and a CFA charterholder, has been an employee at JPMIM since 2001. Mr. Brunner is responsible for managing tax free managed income portfolios including credit customized portfolios.
Curtis White
Start Date
Tenure
Tenure Rank
Oct 16, 2018
3.62
3.6%
White is an Executive Director on the Municipal Strategies team within GFICC. An employee since 1997, Mr. White is responsible for managing mutual funds and separately managed accounts. Previously, Mr. White was responsible for managing municipal money market funds and separately managed accounts within the JPMorgan Global Liquidity team.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |