JPMorgan Sustainable Municipal Income ETF

Frequently Asked Questions About JMSI

What does JMSI invest in?

The JPMorgan Sustainable Municipal Income ETF primarily allocates its capital to a diversified array of municipal bonds. Typically, a minimum of 80% of its total assets are committed to these municipal debt obligations, specifically those generating income free from federal taxation. The fund's holdings also encompass specialized municipal instruments, such as municipal mortgage-backed and asset-backed securities, and may additionally include restricted securities.

What is the expense ratio of JMSI?

JPMorgan Sustainable Municipal Income ETF (JMSI) charges an expense ratio of 0.46%. This is the annual fee deducted from fund assets to cover management and operations.

What is JMSI's dividend yield?

JMSI's trailing-twelve-month yield is 3.81%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of JMSI?

Effective duration measures JMSI's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. JMSI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of JMSI?

JMSI's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of JMSI?

Yield to maturity (YTM) is the total return you'd earn from JMSI if every bond in the portfolio is held to maturity at the current price. JMSI's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.