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Avg.
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JPMorgan Ultra-Short Municipal Income ETF

Active ETF
JMST
Payout Change
Pending
Price as of:
$50.42 -0.01 -0.02%
primary theme
Municipal Bond
JMST (ETF)

JPMorgan Ultra-Short Municipal Income ETF

Payout Change
Pending
Price as of:
$50.42 -0.01 -0.02%
primary theme
Municipal Bond
JMST (ETF)

JPMorgan Ultra-Short Municipal Income ETF

Payout Change
Pending
Price as of:
$50.42 -0.01 -0.02%
primary theme
Municipal Bond

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

JPMorgan Ultra-Short Municipal Income ETF

JMST | Active ETF

$50.42

$3.4 B

0.68%

$0.34

0.18%

Vitals

YTD Return

-0.6%

1 yr return

-0.8%

3 Yr Avg Return

0.9%

5 Yr Avg Return

N/A

Net Assets

$3.4 B

Holdings in Top 10

16.9%

52 WEEK LOW AND HIGH

$50.4
$50.42
$51.11

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

Investment Style

Muni National Short

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

JPMorgan Ultra-Short Municipal Income ETF

JMST | Active ETF

$50.42

$3.4 B

0.68%

$0.34

0.18%

JMST - Profile

Distributions

  • YTD Total Return -1.3%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.26%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Ultra-Short Municipal Income ETF
  • Fund Family Name
    J.P. Morgan
  • Inception Date
    Oct 16, 2018
  • Shares Outstanding
    67349969
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Richard Taormina

Fund Description

Under normal circumstances, the fund invests at least 80% of its assets in municipal securities, the income from which is exempt from federal income tax. For purposes of this policy, "Assets" means net assets, plus the amount of borrowings for investment purposes. Up to 100% of the fund's assets may be invested in short-term municipal instruments such as variable rate demand notes, short-term municipal notes and tax-exempt commercial paper.

JMST - Performance

Return Ranking - Trailing

Period JMST Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -88.5% 9.3% 11.78%
1 Yr -0.8% -20.5% 20.4% 29.97%
3 Yr 0.9%* -6.2% 10.4% 31.98%
5 Yr N/A* -3.5% 5.7% N/A
10 Yr N/A* -0.6% 8.3% N/A

* Annualized

Return Ranking - Calendar

Period JMST Return Category Return Low Category Return High Rank in Category (%)
2021 0.0% -91.1% 101.7% 29.51%
2020 1.1% -79.8% 310.0% 70.79%
2019 0.4% -72.6% 15.4% 72.59%
2018 N/A -57.4% 97.2% N/A
2017 N/A -100.0% 6.8% N/A

Total Return Ranking - Trailing

Period JMST Return Category Return Low Category Return High Rank in Category (%)
YTD -1.3% -88.5% 9.3% 15.23%
1 Yr -0.8% -24.2% 24.2% 16.25%
3 Yr 0.9%* -7.0% 11.7% 29.93%
5 Yr N/A* -4.0% 5.7% N/A
10 Yr N/A* -0.6% 8.3% N/A

* Annualized

Total Return Ranking - Calendar

Period JMST Return Category Return Low Category Return High Rank in Category (%)
2021 0.0% -91.1% 101.7% 29.58%
2020 1.1% -79.8% 310.0% 70.76%
2019 0.4% -72.6% 15.4% 72.70%
2018 N/A -57.4% 97.2% N/A
2017 N/A -48.8% 7.0% N/A

JMST - Holdings

Concentration Analysis

JMST Category Low Category High JMST % Rank
Net Assets 3.4 B 1.21 M 75.6 B 10.13%
Number of Holdings 12549 1 14000 0.12%
Net Assets in Top 10 576 M -305 M 8.43 B 3.34%
Weighting of Top 10 16.91% 1.8% 100.0% 64.16%

Top 10 Holdings

  1. ALBANY N Y CITY SCH DIST 2.5% 2.51%
  2. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.44% 1.47%
  3. MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV 1.188% 1.39%
  4. NORFOLK VA ECONOMIC DEV AUTH HOSP FACS REV 0.55% 1.37%
  5. ST LUCIE CNTY FLA POLLUTN CTL REV 0.35% 1.34%
  6. GARDEN CITY N Y 2% 1.31%
  7. METROPOLITAN TRANSN AUTH N Y REV 0.48% 1.20%
  8. PENNSYLVANIA ST TPK COMMN TPK REV 0.42% 1.17%
  9. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 0.12% 1.16%
  10. RHODE ISLAND HEALTH & EDL BLDG CORP HIGHER ED FAC REV 0.11% 1.11%

Asset Allocation

Weighting Return Low Return High JMST % Rank
Bonds 		81.67% 46.14% 147.96% 98.48%
Cash 		18.33% -47.96% 53.86% 1.36%
Stocks 		0.00% -0.90% 4.63% 39.18%
Preferred Stocks 		0.00% -3.40% 0.05% 35.13%
Other 		0.00% -2.81% 30.01% 36.41%
Convertible Bonds 		0.00% 0.00% 0.50% 35.88%

Bond Sector Breakdown

Weighting Return Low Return High JMST % Rank
Municipal 		81.67% 45.33% 100.00% 98.52%
Cash & Equivalents 		18.33% 0.00% 53.86% 1.07%
Derivative 		0.00% 0.00% 24.85% 35.79%
Securitized 		0.00% 0.00% 7.06% 37.15%
Corporate 		0.00% 0.00% 11.10% 47.05%
Government 		0.00% 0.00% 51.39% 39.55%

Bond Geographic Breakdown

Weighting Return Low Return High JMST % Rank
US 		81.65% 0.00% 141.69% 97.57%
Non US 		0.02% 0.00% 100.00% 60.58%

JMST - Expenses

Operational Fees

JMST Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.18% 0.02% 3.79% 98.04%
Management Fee 0.18% 0.00% 1.60% 4.58%
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 0.00% 4.90% N/A
Deferred Load N/A 0.25% 5.50% 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% 270.00% 99.12%

JMST - Distributions

Dividend Yield Analysis

JMST Category Low Category High JMST % Rank
Dividend Yield 0.68% 0.00% 35.27% 70.88%

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% 24.00% 98.15%

Capital Gain Distribution Analysis

JMST Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Monthly Monthly

Dividend Payout History

View More +

JMST - Fund Manager Analysis

Managers

Richard Taormina

Start Date

Tenure

Tenure Rank

Oct 16, 2018

3.54

3.5%

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

3.54

3.5%

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

3.54

3.5%

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
0.03 34.97 7.11 1.49

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