JMUB

JPMorgan Municipal ETF

$50.59

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The JPMorgan Municipal ETF (JMUB) seeks to provide a high level of current income that is generally exempt from federal income taxes, while preserving capital.

Overview

ETF tracking JPMorgan Municipal ETF

Category Municipal Bonds

Issuer Other

Inception Date 2018-10-31

Market Cap $3.8B

Average Volume N/A

Dividend Yield 2.83%

52-Week Range $48.46 - $50.99

VWAP $50.64

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

The JPMorgan Municipal ETF (JMUB) seeks to provide a high level of current income that is generally exempt from federal income taxes, while preserving capital.

🎯 Investment Strategy

The fund invests primarily in a diversified portfolio of municipal bonds issued by state and local governments and agencies. The portfolio is actively managed, with the goal of generating tax-exempt income while maintaining a relatively low-risk profile.

✨ Key Features

Focuses on investment-grade municipal bonds, which can provide tax-exempt income
Actively managed portfolio to take advantage of market opportunities
Aims to maintain a relatively low-risk profile compared to the broader municipal bond market
No assets under management as of the provided information

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline when interest rates rise
Credit risk: The risk that the issuer of a municipal bond may default on its payments
Liquidity risk: The potential difficulty in selling municipal bonds, especially during periods of market stress
Tax risk: Changes in tax laws could affect the tax-exempt status of the municipal bonds held by the fund

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and a relatively low-risk fixed income investment, particularly those in higher tax brackets. However, the lack of performance history and assets under management suggests this is a newly launched fund, so investors should carefully consider the risks and monitor its development before investing.