JMST

JPMorgan Ultra-Short Municipal Income ETF

$50.92

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The JPMorgan Ultra-Short Municipal Income ETF (JMST) seeks to provide current income that is generally exempt from federal income taxes, while preserving capital and maintaining a low volatility of principal.

Overview

ETF tracking JPMorgan Ultra-Short Municipal Income ETF

Category Municipal Bonds

Issuer Other

Inception Date 2018-10-18

Market Cap $4.7B

Average Volume N/A

Dividend Yield 2.40%

52-Week Range $50.52 - $51.07

VWAP $50.92

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests primarily in a portfolio of municipal securities, including municipal bonds and notes, the interest on which is generally exempt from federal income taxes. The fund aims to maintain a weighted average effective duration of one year or less, which helps limit interest rate risk and preserve capital.

✨ Key Features

Focuses on ultra-short-term municipal bonds and notes to generate tax-exempt income
Maintains a weighted average effective duration of one year or less to reduce interest rate sensitivity
Seeks to provide a low-risk, low-volatility investment option for investors seeking tax-exempt income
Expense ratio of 0.00%, making it a cost-effective municipal bond investment

⚠️ Primary Risks

Interest rate risk: The fund's value may decline if interest rates rise
Credit risk: The fund is exposed to the risk of default or downgrade of the municipal securities it holds
Liquidity risk: The municipal bond market can experience periods of low liquidity, which may affect the fund's ability to sell securities
Tax risk: Changes in tax laws or adverse determinations by tax authorities could affect the tax-exempt status of the fund's income

👤 Best For

The JPMorgan Ultra-Short Municipal Income ETF is best suited for investors seeking a low-risk, tax-efficient investment option to generate current income and preserve capital, particularly those in higher tax brackets who may benefit from the tax-exempt nature of the fund's income.