JMSI

JPMorgan Sustainable Municipal Income ETF

$50.31

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The JPMorgan Sustainable Municipal Income ETF (JMSI) seeks to provide current income that is generally exempt from federal income taxes, while investing in municipal bonds that meet certain environmental, social, and governance (ESG) criteria.

Overview

ETF tracking JPMorgan Sustainable Municipal Income ETF

Category Municipal Bonds

Issuer Other

Inception Date 2023-07-17

Market Cap $319.8M

Average Volume N/A

Dividend Yield 3.04%

52-Week Range $48.51 - $50.90

VWAP $50.39

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

JMSI invests primarily in municipal bonds issued by state and local governments and agencies. The fund applies ESG screens to select bonds from the municipal bond universe that meet certain sustainability and impact criteria. The portfolio is actively managed to maintain a high-quality, intermediate-term duration profile.

✨ Key Features

Focuses on municipal bonds with strong ESG characteristics
Actively managed to maintain an intermediate-term, high-quality portfolio
Aims to provide tax-exempt income for investors
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline as interest rates rise
Credit risk: The risk of default or downgrade by the issuers of the municipal bonds
Liquidity risk: Municipal bonds may have less trading volume and liquidity compared to other fixed income sectors
ESG investment risk: The fund's ESG criteria may limit the investment universe and performance may differ from non-ESG municipal bond funds

👤 Best For

JMSI may be suitable for investors seeking tax-exempt income and exposure to municipal bonds with strong ESG characteristics. The fund's intermediate-term duration profile and active management may appeal to investors with a moderate risk tolerance and a medium-term investment horizon.