# JPMorgan Sustainable Municipal Income ETF (JMSI): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/jmsi for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: J.P. Morgan · Asset class: Municipal Bond - Strategy: Thematic · Inception: 1993-02-09 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. ## Key Facts | Metric | Value | |---|---| | Price | $48.35 | | Expense Ratio | 0.46% | | Assets Under Management | $384.1M | | NAV | $48.27 | | Holdings Count | 302 | | Distribution Yield (TTM) | 3.81% | | Annual Distribution (TTM) | $1.84 /share | | Distribution Frequency | Monthly | | 52-Week Range | $46.79 – $51.36 | | Beta | 0.82 | ## Latest Distribution - Amount: $0.1583 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-05 ## Frequently Asked Questions ### 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. ### Does JMSI pay a dividend? Yes, JPMorgan Sustainable Municipal Income ETF (JMSI) distributes dividends to shareholders. The trailing-twelve-month yield is 3.81%. Full dividend history is on this page. ### How often does JMSI pay dividends? JPMorgan Sustainable Municipal Income ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is JMSI's next ex-dividend date? The most recently announced ex-dividend date for JMSI was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will JMSI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.46% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does JMSI charge its expense ratio? The expense ratio is deducted in tiny daily slices from JMSI's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does JMSI cost more than a fund like VOO? JMSI's strategy (current expense ratio 0.46%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where JMSI sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to JMSI? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as JMSI (0.46%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/jmsi - Distribution history: https://www.dividenddata.com/funds/jmsi/dividend - Holdings & diversification: https://www.dividenddata.com/funds/jmsi/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/jmsi/expenses - Peer comparison: https://www.dividenddata.com/funds/jmsi/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.