JMHI

JPMorgan High Yield Municipal ETF

$50.28

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The JPMorgan High Yield Municipal ETF (JMHI) seeks to provide high current income exempt from federal income tax by investing primarily in a diversified portfolio of high-yield municipal bonds.

Overview

ETF tracking JPMorgan High Yield Municipal ETF

Category Municipal Bonds

Issuer Other

Inception Date 2023-07-17

Market Cap $223.8M

Average Volume N/A

Dividend Yield 3.68%

52-Week Range $48.71 - $51.47

VWAP $50.38

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The JPMorgan High Yield Municipal ETF (JMHI) seeks to provide high current income exempt from federal income tax by investing primarily in a diversified portfolio of high-yield municipal bonds.

🎯 Investment Strategy

The fund invests at least 80% of its assets in municipal bonds that are rated below investment grade (commonly known as 'junk' bonds). The portfolio managers use fundamental credit research to identify attractive high-yield municipal bond opportunities while managing risk through diversification.

✨ Key Features

Focuses on high-yield municipal bonds to generate tax-exempt income
Actively managed strategy seeks to identify undervalued municipal bond opportunities
Diversified portfolio across different municipal bond issuers and sectors
Expense ratio of 0.00%

⚠️ Primary Risks

High-yield municipal bonds carry greater credit risk than investment-grade municipal bonds
Interest rate risk as bond prices may decline when interest rates rise
Liquidity risk as high-yield municipal bonds may be less liquid than higher-quality municipal bonds
Concentration risk as the fund invests primarily in high-yield municipal bonds

👤 Best For

The JPMorgan High Yield Municipal ETF may be suitable for investors seeking tax-exempt income and willing to accept the higher credit risk and volatility associated with high-yield municipal bonds. It is best suited for investors with a medium to long-term investment horizon.