JPMorgan Ultra-Short Income ETF

Frequently Asked Questions About JPST

What does JPST invest in?

The fund primarily aims to achieve its investment goals by allocating at least 80% of its total capital to investment-grade, U.S. dollar-denominated short-term debt instruments. This capital encompasses both the fund's net assets and any borrowed funds used for investment purposes. The debt investments it targets can carry fixed, variable, or floating interest rates. As a fundamental part of its investment approach, the fund may acquire various securities, including corporate bonds, asset-backed securities, and different forms of mortgage-backed and mortgage-related instruments. It also invests in high-quality money market tools, such as commercial paper and certificates of deposit.

What is the expense ratio of JPST?

JPMorgan Ultra-Short Income ETF (JPST) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations.

What is JPST's dividend yield?

JPST's trailing-twelve-month yield is 4.14%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of JPST?

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

What is the credit quality of JPST?

JPST'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 JPST?

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