JPMorgan Municipal ETF

Frequently Asked Questions About JMUB

What does JMUB invest in?

The fund primarily allocates a minimum of 80% of its total assets to municipal securities, which generate income that is exempt from federal income tax. Its portfolio may include debt instruments issued by various entities, such as state and local government bodies, organizations linked to the U.S. government, and, in certain cases, private issuers. Furthermore, the fund has the flexibility to invest in structured municipal debt products like mortgage-backed securities (MBS) and asset-backed securities (ABS).

What is the expense ratio of JMUB?

JPMorgan Municipal ETF (JMUB) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations.

What is JMUB's dividend yield?

JMUB's trailing-twelve-month yield is 3.66%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of JMUB?

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

What is the credit quality of JMUB?

JMUB'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 JMUB?

Yield to maturity (YTM) is the total return you'd earn from JMUB if every bond in the portfolio is held to maturity at the current price. JMUB'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.