Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.4%
1 yr return
2.8%
3 Yr Avg Return
0.9%
5 Yr Avg Return
0.8%
Net Assets
$1.86 B
Holdings in Top 10
22.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.77%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 33.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
USMSX - Profile
Distributions
- YTD Total Return 0.4%
- 3 Yr Annualized Total Return 0.9%
- 5 Yr Annualized Total Return 0.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.06%
- Dividend Yield 3.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameJPMorgan Ultra-Short Municipal Fund
-
Fund Family NameJPMorgan Funds
-
Inception DateMay 31, 2016
-
Shares Outstanding5003833
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRichard Taormina
Fund Description
USMSX - Performance
Return Ranking - Trailing
Period | USMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.4% | -2.7% | 12.2% | 9.30% |
1 Yr | 2.8% | -3.0% | 38.5% | 64.64% |
3 Yr | 0.9%* | -10.3% | 3.3% | 3.57% |
5 Yr | 0.8%* | -5.7% | 1102.9% | 59.63% |
10 Yr | N/A* | -0.2% | 248.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | USMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -1.4% | 41.0% | 96.70% |
2022 | -1.6% | -39.7% | 0.3% | 2.23% |
2021 | -0.2% | -5.6% | 6.9% | 36.64% |
2020 | 0.2% | -2.6% | 310.0% | 94.32% |
2019 | 0.6% | 0.0% | 26.0% | 98.13% |
Total Return Ranking - Trailing
Period | USMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.4% | -2.7% | 12.2% | 9.30% |
1 Yr | 2.8% | -3.0% | 38.5% | 64.64% |
3 Yr | 0.9%* | -10.3% | 3.3% | 3.57% |
5 Yr | 0.8%* | -5.7% | 1102.9% | 59.63% |
10 Yr | N/A* | -0.2% | 248.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | USMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.2% | -1.3% | 41.0% | 95.21% |
2022 | -0.9% | -39.7% | 1.1% | 2.63% |
2021 | -0.1% | -4.8% | 23761504.0% | 90.94% |
2020 | 0.8% | -1.5% | 17057.9% | 96.96% |
2019 | 1.3% | 0.2% | 3514.6% | 99.45% |
NAV & Total Return History
USMSX - Holdings
Concentration Analysis
USMSX | Category Low | Category High | USMSX % Rank | |
---|---|---|---|---|
Net Assets | 1.86 B | 3.48 M | 68.1 B | 18.50% |
Number of Holdings | 706 | 2 | 12848 | 16.49% |
Net Assets in Top 10 | 386 M | -317 M | 3.4 B | 7.60% |
Weighting of Top 10 | 22.12% | 1.9% | 100.4% | 31.85% |
Top 10 Holdings
- JPMorgan Institutional Tax Free Money Market Fund, Class IM 6.38%
- University of Pittsburgh of the Commonwealth System of Higher Education, Series 2019 2.98%
- Silicon Valley Clean Water, WIFIA Rescue Project, Series 2021A 1.81%
- Rib Floater Trust Various States, Series 46 1.80%
- Health and Educational Facilities Authority of the State of Missouri, SSM Health Care Corp., Series 2018F 1.72%
- Fairfax County Industrial Development Authority, Virginia Health Care, Inova Health System Project, Series 2018C 1.72%
- Black Belt Energy Gas District, Gas Project No. 7, Series 2021C-2 1.51%
- Black Belt Energy Gas District, Gas Supply, Series 2022D-2 1.46%
- New Hampshire Business Finance Authority, Waste Management, Inc., Project, Series 2018A 1.39%
- Illinois Finance Authority, Series 2015A 1.36%
Asset Allocation
Weighting | Return Low | Return High | USMSX % Rank | |
---|---|---|---|---|
Cash | 50.09% | -50.86% | 50.09% | 0.06% |
Bonds | 49.91% | 0.00% | 150.86% | 99.03% |
Stocks | 0.00% | 0.00% | 99.80% | 48.87% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 42.59% |
Other | 0.00% | -8.54% | 33.35% | 46.01% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 42.56% |
Bond Sector Breakdown
Weighting | Return Low | Return High | USMSX % Rank | |
---|---|---|---|---|
Municipal | 71.22% | 44.39% | 100.00% | 99.35% |
Cash & Equivalents | 48.02% | 0.00% | 48.02% | 0.06% |
Derivative | 0.00% | -8.54% | 23.38% | 43.75% |
Securitized | 0.00% | 0.00% | 5.93% | 43.40% |
Corporate | 0.00% | 0.00% | 9.41% | 52.59% |
Government | 0.00% | 0.00% | 52.02% | 46.83% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | USMSX % Rank | |
---|---|---|---|---|
US | 49.91% | 0.00% | 142.23% | 99.03% |
Non US | 0.00% | 0.00% | 23.89% | 49.23% |
USMSX - Expenses
Operational Fees
USMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.77% | 0.01% | 20.65% | 46.65% |
Management Fee | 0.15% | 0.00% | 1.20% | 3.35% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 48.36% |
Administrative Fee | 0.08% | 0.01% | 0.44% | 19.88% |
Sales Fees
USMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | 78.51% |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
USMSX 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.
USMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 33.00% | 0.00% | 283.00% | 82.34% |
USMSX - Distributions
Dividend Yield Analysis
USMSX | Category Low | Category High | USMSX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.28% | 0.00% | 14.36% | 50.35% |
Dividend Distribution Analysis
USMSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
USMSX | Category Low | Category High | USMSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.06% | -0.53% | 5.33% | 99.02% |
Capital Gain Distribution Analysis
USMSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 27, 2024 | $0.023 | OrdinaryDividend |
Feb 28, 2024 | $0.027 | OrdinaryDividend |
Jan 30, 2024 | $0.023 | OrdinaryDividend |
Dec 28, 2023 | $0.022 | OrdinaryDividend |
Nov 29, 2023 | $0.024 | OrdinaryDividend |
Oct 30, 2023 | $0.024 | OrdinaryDividend |
Sep 28, 2023 | $0.023 | OrdinaryDividend |
Aug 30, 2023 | $0.024 | OrdinaryDividend |
Jul 28, 2023 | $0.019 | OrdinaryDividend |
Jun 29, 2023 | $0.022 | OrdinaryDividend |
May 30, 2023 | $0.016 | OrdinaryDividend |
Apr 27, 2023 | $0.019 | OrdinaryDividend |
Mar 30, 2023 | $0.012 | OrdinaryDividend |
Feb 27, 2023 | $0.015 | OrdinaryDividend |
Jan 30, 2023 | $0.016 | OrdinaryDividend |
Dec 29, 2022 | $0.011 | OrdinaryDividend |
Nov 29, 2022 | $0.012 | OrdinaryDividend |
Oct 28, 2022 | $0.013 | OrdinaryDividend |
Sep 29, 2022 | $0.008 | OrdinaryDividend |
Aug 30, 2022 | $0.010 | OrdinaryDividend |
Jul 28, 2022 | $0.004 | OrdinaryDividend |
Jun 29, 2022 | $0.004 | OrdinaryDividend |
May 27, 2022 | $0.003 | OrdinaryDividend |
Apr 28, 2022 | $0.002 | OrdinaryDividend |
Mar 30, 2022 | $0.000 | OrdinaryDividend |
Feb 25, 2022 | $0.002 | OrdinaryDividend |
Jan 28, 2022 | $0.000 | OrdinaryDividend |
Dec 30, 2021 | $0.000 | OrdinaryDividend |
Nov 29, 2021 | $0.001 | OrdinaryDividend |
Sep 29, 2021 | $0.000 | OrdinaryDividend |
Jul 29, 2021 | $0.000 | OrdinaryDividend |
Jun 29, 2021 | $0.001 | OrdinaryDividend |
May 27, 2021 | $0.001 | OrdinaryDividend |
Apr 29, 2021 | $0.001 | OrdinaryDividend |
Feb 25, 2021 | $0.001 | OrdinaryDividend |
Jan 28, 2021 | $0.000 | OrdinaryDividend |
Dec 30, 2020 | $0.001 | OrdinaryDividend |
Nov 27, 2020 | $0.001 | OrdinaryDividend |
Oct 29, 2020 | $0.001 | OrdinaryDividend |
Sep 29, 2020 | $0.001 | OrdinaryDividend |
Aug 28, 2020 | $0.002 | OrdinaryDividend |
Jul 30, 2020 | $0.002 | OrdinaryDividend |
Jun 29, 2020 | $0.003 | OrdinaryDividend |
May 28, 2020 | $0.005 | OrdinaryDividend |
Apr 28, 2020 | $0.012 | OrdinaryDividend |
Mar 30, 2020 | $0.011 | OrdinaryDividend |
Feb 27, 2020 | $0.009 | OrdinaryDividend |
Jan 30, 2020 | $0.008 | OrdinaryDividend |
Dec 30, 2019 | $0.000 | OrdinaryDividend |
Nov 27, 2019 | $0.000 | OrdinaryDividend |
Oct 30, 2019 | $0.000 | OrdinaryDividend |
Sep 27, 2019 | $0.000 | OrdinaryDividend |
Aug 29, 2019 | $0.000 | OrdinaryDividend |
Jul 30, 2019 | $0.000 | OrdinaryDividend |
Jun 27, 2019 | $0.012 | OrdinaryDividend |
May 30, 2019 | $0.011 | OrdinaryDividend |
Apr 29, 2019 | $0.013 | OrdinaryDividend |
Mar 28, 2019 | $0.011 | OrdinaryDividend |
Feb 27, 2019 | $0.012 | OrdinaryDividend |
Jan 30, 2019 | $0.009 | OrdinaryDividend |
Dec 28, 2018 | $0.011 | OrdinaryDividend |
Nov 29, 2018 | $0.011 | OrdinaryDividend |
Oct 30, 2018 | $0.011 | OrdinaryDividend |
Sep 27, 2018 | $0.011 | OrdinaryDividend |
Aug 30, 2018 | $0.010 | OrdinaryDividend |
Jul 30, 2018 | $0.008 | OrdinaryDividend |
Jun 28, 2018 | $0.009 | OrdinaryDividend |
May 30, 2018 | $0.011 | OrdinaryDividend |
Apr 27, 2018 | $0.002 | OrdinaryDividend |
Mar 28, 2018 | $0.007 | OrdinaryDividend |
Feb 27, 2018 | $0.009 | OrdinaryDividend |
Dec 28, 2017 | $0.006 | OrdinaryDividend |
Nov 29, 2017 | $0.006 | OrdinaryDividend |
Oct 30, 2017 | $0.005 | OrdinaryDividend |
Sep 28, 2017 | $0.006 | OrdinaryDividend |
Aug 30, 2017 | $0.004 | OrdinaryDividend |
Jul 28, 2017 | $0.005 | OrdinaryDividend |
Jun 29, 2017 | $0.002 | OrdinaryDividend |
May 30, 2017 | $0.002 | OrdinaryDividend |
Apr 27, 2017 | $0.009 | OrdinaryDividend |
Mar 30, 2017 | $0.003 | OrdinaryDividend |
Feb 27, 2017 | $0.007 | OrdinaryDividend |
Jan 30, 2017 | $0.003 | OrdinaryDividend |
Dec 29, 2016 | $0.006 | OrdinaryDividend |
Nov 29, 2016 | $0.003 | OrdinaryDividend |
Oct 28, 2016 | $0.003 | OrdinaryDividend |
Sep 29, 2016 | $0.003 | OrdinaryDividend |
Aug 30, 2016 | $0.003 | OrdinaryDividend |
Jul 28, 2016 | $0.003 | OrdinaryDividend |
USMSX - Fund Manager Analysis
Managers
Richard Taormina
Start Date
Tenure
Tenure Rank
May 31, 2016
6.0
6.0%
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).
James Ahn
Start Date
Tenure
Tenure Rank
May 31, 2016
6.0
6.0%
Mr. Ahn, Managing Director, is a portfolio manager in the U.S. Fixed Income Group. An employee of JPMIM and/or its affiliates since 1996 and a member of the portfolio management team since February 1999, Mr. Ahn is responsible for strategy formulation and trading short-term tax-aware fixed income strategies for U.S. institutional clients and the Private Bank.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.36 | 1.58 |