Fund Description
The Fund seeks as high a level of current income exempt from federal income tax as is consistent with relative stability of principal. Municipal securities are securities issued by or on behalf of states, territories and possessions of the United States, includ-ing the District of Columbia, and their respective authorities, political subdivisions, agencies and instrumentalities and other groups with the authority to act for the municipalities, the interest on which is exempt from federal income tax. The securities are issued to raise funds for various public and private purposes. Municipal securities include variable rate demand obligations, variable rate demand preferred securities, short-term municipal notes, municipal bonds, tax exempt commercial paper, private activity and industrial development bonds, tax anticipation notes, bond anticipation notes, revenue antici-pation notes or other short term notes, private placements and participations in pools of municipal securities. At times, the Fund may invest a significant amount of its assets in municipal securities that may be subject to the federal alternative mini-mum tax for individuals.
Fund Profile
Fund Name JPMorgan Ultra-Short Municipal Income ETF
Fund Exchange Ticker JMST
Fund Sponsor JPMorgan Chase
Fund ISIN US46641Q6540
Net Expense Ratio 0.18 %
Fund Inception Date 16 October 2018
Fund Legal Structure ETF (Open end fund)
Exchange BATS
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Fund Holds Both Investment Grade & High Yield
Average Maturity <1 year
Bond Currency Denomination USD
Key Statistics
Return As of Date 21 June 2019
Asset Under Management 108.45 Million (USD)
1 Month Total Return 0.30 %
Year To Date Return 1.16 %
1 Year Total Return
3 Year Annualized Total Return
NAV 50.44
Share Outstanding 2,150,000
Top 10 Holdings (21 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
TEXAS ST VAR 12/41 BOND 0.0277000000
CHARLOTTE N C VAR 07/36 BOND 0.0277000000
MISSISSIPPI VAR 11/35 BOND 0.0267000000
WASHINGTON ST VAR 12/46 BOND 0.0226000000
WILLOUGHBY 2.5% 05/20 BOND 0.0220000000
LINCOLN CNTY VAR 10/44 BOND 0.0184000000
FRELINGHUYSEN 2.5% 06/20 BOND 0.0183000000
VALDEZ ALASKA VAR 12/29 BOND 0.0157000000
MONTGOMERY CNTY VAR 11/45 BOND 0.0157000000