Key stats
About JPMorgan Ultra-Short Municipal Income ETF
Home page
Inception date
Oct 16, 2018
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
JPMorgan Investment Management, Inc.
Distributor
JPMorgan Distribution Services, Inc.
JMST provides access to municipal bonds that are exempt from federal taxes. The fund’s average maturity target of two years or less is lower than many of its competitors, reducing interest rate risk and making JMST an option for managing short-term assets. Credit risk is also limited as high-yield debt exposure is capped at 10% of the portfolio. The fund makes investment decisions based on its assessment of individual securities and their market sectors, risk/reward analyses, and using certain ESG factors. As an actively managed fund, the fund may make investment decisions at their own discretion.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Stocks0.45%
Consumer Non-Durables0.25%
0.19%
Process Industries0.00%
Bonds, Cash & Other99.55%
Municipal88.27%
Mutual fund9.11%
Corporate1.06%
Government0.91%
Securitized0.21%
Cash0.00%
Stock breakdown by region
North America69.01%
Asia30.99%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
JMST invests in bonds. The fund's major sectors are Municipal, with 88.27% stocks, and Corporate, with 1.06% of the basket. The assets are mostly located in the N/A region.
JMST last dividends amounted to 0.14 USD. The month before, the issuer paid 0.13 USD in dividends, which shows a 4.72% increase.
JMST assets under management is 3.78 B USD. It's risen 8.19% over the last month.
JMST fund flows account for 1.13 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, JMST pays dividends to its holders with the dividend yield of 3.18%. The last dividend (May 5, 2025) amounted to 0.14 USD. The dividends are paid monthly.
JMST shares are issued by JPMorgan Chase & Co. under the brand JPMorgan. The ETF was launched on Oct 16, 2018, and its management style is Active.
JMST expense ratio is 0.18% meaning you'd have to pay 0.18% of your investment to help manage the fund.
JMST follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
JMST invests in bonds.
JMST price has risen by 0.16% over the last month, and its yearly performance shows a 0.37% increase. See more dynamics on JMST price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.41% over the last month, showed a 0.64% increase in three-month performance and has increased by 3.54% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.41% over the last month, showed a 0.64% increase in three-month performance and has increased by 3.54% in a year.
JMST trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.