JPMorgan Income ETF

Frequently Asked Questions About JPIE

What does JPIE invest in?

JPIE seeks to produce risk-adjusted income and deliver monthly distributions by investing in a wide range of sectors including asset-backed, mortgage-related, US government-related, and inflation-linked debt. The fund may hold both US- and foreign-issued bonds, which are primarily USD-denominated. JPIE also has the flexibility to invest at least 65% of the funds assets to bonds rated below investment-grade. The fund managers buy and sell decisions are based on fundamental, quantitative and technical factors including potential to generate income and ESG metrics. While JPIE typically invests in multiple markets and sectors, it may focus its investments in only one or a few markets/sectors from time to time. The fund aims to maintain a portfolio duration of 10 years or less. It may also use derivatives to hedge exposure. JPIE is the ETF version of the mutual fund, JPMorgan Income Fund.

What is the expense ratio of JPIE?

JPMorgan Income ETF (JPIE) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations.

What is JPIE's dividend yield?

JPIE's trailing-twelve-month yield is 5.64%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of JPIE?

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

What is the credit quality of JPIE?

JPIE'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 JPIE?

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