JPST: JPMorgan Ultra-Short Income ETF - MutualFunds.com
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JPMorgan Ultra-Short Income ETF

JPST - Snapshot

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return 2.4%
  • 5 Yr Annualized Return N/A
  • Net Assets $16.9 B
  • Holdings in Top 10 10.2%

52 WEEK LOW AND HIGH

$50.74
$50.71
$50.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.17%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 94.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification


Compare JPST to Popular U.S. Ultrashort Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$10.07

0.00%

$19.20 B

0.91%

$0.09

0.00%

0.20%

$10.03

0.00%

$18.64 B

0.61%

$0.06

-0.10%

0.30%

$50.73

-0.02%

$16.93 B

-

-

-0.12%

0.17%

$9.83

0.00%

$16.29 B

0.83%

$0.08

0.00%

0.47%

$10.10

0.00%

$16.19 B

0.54%

$0.05

0.00%

0.30%

JPST - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.14%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Ultra-Short Income ETF
  • Fund Family Name
    J.P. Morgan
  • Inception Date
    May 17, 2017
  • Shares Outstanding
    333749840
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Martucci

Fund Description

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its Assets in investment grade, U.S. dollar denominated short-term fixed, variable and floating rate debt. "Assets" means net assets, plus the amount of borrowings for investment purposes. As part of its principal investment strategy, it may invest in corporate securities, asset-backed securities, mortgage-backed and mortgage-related securities, and high quality money market instruments such as commercial paper and certificates of deposit.


JPST - Performance

Return Ranking - Trailing

Period JPST Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -0.9% 22.3% 82.20%
1 Yr 1.4% -0.9% 16.9% 46.81%
3 Yr 2.4%* -0.3% 3.3% 17.35%
5 Yr N/A* 0.5% 4.4% N/A
10 Yr N/A* 0.0% 2.2% N/A

* Annualized

Return Ranking - Calendar

Period JPST Return Category Return Low Category Return High Rank in Category (%)
2020 0.7% -3.1% 1.8% 18.42%
2019 0.6% -1.2% 2.5% 34.43%
2018 0.1% -2.5% 0.4% 3.23%
2017 N/A -2.0% 100.0% N/A
2016 N/A -1.4% 900.0% N/A

Total Return Ranking - Trailing

Period JPST Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -0.9% 22.3% 55.51%
1 Yr 1.4% -5.2% 16.9% 41.28%
3 Yr 2.4%* -0.5% 3.3% 15.98%
5 Yr N/A* 0.1% 4.4% N/A
10 Yr N/A* 0.0% 2.2% N/A

* Annualized

Total Return Ranking - Calendar

Period JPST Return Category Return Low Category Return High Rank in Category (%)
2020 0.7% -3.1% 1.8% 18.42%
2019 0.6% -1.2% 2.5% 35.85%
2018 0.1% -51.1% 2.0% 11.29%
2017 N/A -2.0% 2.7% N/A
2016 N/A -1.4% 900.0% N/A

JPST - Holdings

Concentration Analysis

JPST Category Low Category High JPST % Rank
Net Assets 16.9 B 24.7 K 19.2 B 4.17%
Number of Holdings 781 1 1492 8.79%
Net Assets in Top 10 1.75 B -557 M 12.5 B 9.62%
Weighting of Top 10 10.23% 0.0% 100.0% 83.97%

Top 10 Holdings

  1. United States Treasury Notes 2.88% 0.82%
  2. Federation des Caisses Desjardins du Quebec 2.25% 0.71%
  3. National Bank of Canada 0.31% 0.70%
  4. Bell Canada 0.75% 0.63%
  5. Mizuho Financial Group Inc. 1.03% 0.63%
  6. AstraZeneca Plc 0.3% 0.61%
  7. BNP Paribas 3.5% 0.61%
  8. DnB Bank ASA 2.12% 0.61%
  9. Credit Agricole S.A. London Branch 3.75% 0.60%
  10. American Honda Finance Corporation 0.3% 0.58%

Asset Allocation

Weighting Return Low Return High JPST % Rank
Bonds
66.55% 0.00% 100.00% 68.20%
Cash
24.55% 0.00% 100.00% 38.08%
Convertible Bonds
8.90% 0.00% 15.77% 2.51%
Stocks
0.00% 0.00% 10.15% 38.08%
Preferred Stocks
0.00% 0.00% 0.00% 34.31%
Other
0.00% -11.64% 13.99% 43.51%

Bond Sector Breakdown

Weighting Return Low Return High JPST % Rank
Corporate
58.17% 0.00% 99.79% 14.64%
Cash & Equivalents
24.89% 0.00% 100.00% 34.31%
Securitized
15.46% 0.00% 98.20% 65.69%
Government
1.48% 0.00% 100.00% 47.70%
Derivative
0.00% 0.00% 21.68% 38.91%
Municipal
0.00% 0.00% 71.78% 64.44%

Bond Geographic Breakdown

Weighting Return Low Return High JPST % Rank
US
38.75% 0.00% 100.00% 79.08%
Non US
27.80% 0.00% 55.40% 7.95%

JPST - Expenses

Operational Fees

JPST Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.08% 14.74% 94.35%
Management Fee 0.18% 0.00% 1.19% 18.75%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% 22.99%

Sales Fees

JPST Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.50% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

JPST Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JPST Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 94.00% 0.00% 326.00% 80.00%

JPST - Distributions

Dividend Yield Analysis

JPST Category Low Category High JPST % Rank
Dividend Yield 0.32% 0.00% 0.59% 6.25%

Dividend Distribution Analysis

JPST Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

JPST Category Low Category High JPST % Rank
Net Income Ratio 1.14% -0.20% 3.05% 67.95%

Capital Gain Distribution Analysis

JPST Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

JPST - Fund Manager Analysis

Managers

David Martucci


Start Date

Tenure

Tenure Rank

May 17, 2017

4.04

4.0%

David N. Martucci, managing director,is the head of the managed reserves strategy and oversees the portfolio management team at J.P. Morgan Investment Management. David oversees managed reserves portfolios. Prior to joining JPMIM in 2000, David worked at Chubb Insurance as a professional lines underwriter. David holds a B.A. in math and economics from Hamilton College and an M.B.A. in finance and economics from New York University’s Stern School of Business.

James McNerny


Start Date

Tenure

Tenure Rank

May 17, 2017

4.04

4.0%

James McNerny is a Managing Director for J.P. Morgan Investment Management Inc. An employee since 2000, Mr. McNerny is a portfolio manager within the Global Liquidity business. In this role, he oversees managed reserves portfolios, a strategy which focuses on high quality short-term fixed income investments. Previously, Mr. McNerny served as a fixed income portfolio manager and product specialist focusing on liquidity, short duration, broad market, extended market and total return products.

Kyongsoo Noh


Start Date

Tenure

Tenure Rank

May 17, 2017

4.04

4.0%

Kyongsoo Noh, Managing Director and CFA charterholder. An employee since 2000, Mr. Noh is a portfolio manager within the Global Liquidity business. In this role, he oversees managed reserves portfolios. A portfolio manager of the Fund since April 2013, Mr. Noh was previously an ABS portfolio manager within the U.S. Fixed Income Group, specializing in asset-backed securities

Cecilia Junker


Start Date

Tenure

Tenure Rank

May 17, 2017

4.04

4.0%

Cecilia Junker is a Executive Director of J.P. Morgan Investment Management Inc. An employee since 1987, Ms. Junker is a portfolio manager within the Global Liquidity business. In this role, she oversees managed reserves portfolios. Previously, Ms. Junker served as a portfolio manager within the U.S. Fixed Income Group, specializing in asset-backed and commercial mortgage-backed securities.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 31.44 5.91 5.3