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ETFs

JPMorgan Ultra-Short Municipal Income ETF

JMST
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 16 2018
Expense Ratio
0.18%
Type
US Bonds
Fund Owner
JPMorgan Chase
Volume (1m avg. daily)
$14,285,505
AUM
$2,536,412,601
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
JPMORGAN INSTITUTIONAL TA
4.41%
n/a
TENDER OPT BD FLT 04/53
2.00%
n/a
ALABAMA FED AID 4% 09/34
1.85%
n/a
St Lucie Cnty (15 % Max) Remarketable Bonds 2000-01.09.28 Refunding Florida Power & Light Ser2000 Var Rt
1.80%
n/a
DELAWARE CNTY VAR 09/45
1.58%
n/a
BLACK BELT VAR 12/49
1.55%
n/a
MINNESOTA MUN FLT 12/52
1.35%
n/a
PENNSYLVANIA ST VAR 12/39
1.30%
n/a
JERSEY CITY N J 4% 05/24
1.28%
n/a
State Louisiana 4.5 % Bonds 2015-01.05.39 Refunding Series A
1.26%
Invest with JMST

What is JMST?

The Fund seeks as high a level of current income exempt from federal income tax as is consistent with relative stability of principal. Municipal securities are securities issued by or on behalf of states, territories and possessions of the United States, includ-ing the District of Columbia, and their respective authorities, political subdivisions, agencies and instrumentalities and other groups with the authority to act for the municipalities, the interest on which is exempt from federal income tax. The securities are issued to raise funds for various public and private purposes. Municipal securities include variable rate demand obligations, variable rate demand preferred securities, short-term municipal notes, municipal bonds, tax exempt commercial paper, private activity and industrial development bonds, tax anticipation notes, bond anticipation notes, revenue antici-pation notes or other short term notes, private placements and participations in pools of municipal securities. At times, the Fund may invest a significant amount of its assets in municipal securities that may be subject to the federal alternative mini-mum tax for individuals.

ETFs related toJMST

ETFs correlated to JMST include VTES, UNIY, DFNM

JMST
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Ultra-Short Municipal Income ETF
VTES
Vanguard Wellington Fund - Vanguard Short-Term Tax Exempt Bond ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
DFNM
Dimensional ETF Trust - Dimensional National Municipal Bond ETF
SHM
SPDR Series Trust - SPDR Nuveen Bloomberg Short Term Municipal Bond ETF
FMB
First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF
MUNI
Pimco Exchange Traded Fund - PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
IBMO
iShares Trust - iShares iBonds Dec 2026 Term Muni Bond ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

JMST is a US Bonds ETF. The Fund seeks as high a level of current income exempt from federal income tax as is consistent with relative stability of principal. Municipal securities are securities issued by or on behalf of states, territories and possessions of the United States, includ-ing the District of Columbia, and their respective authorities, political subdivisions, agencies and instrumentalities and other groups with the authority to act for the municipalities, the interest on which is exempt from federal income tax. The securities are issued to raise funds for various public and private purposes. Municipal securities include variable rate demand obligations, variable rate demand preferred securities, short-term municipal notes, municipal bonds, tax exempt commercial paper, private activity and industrial development bonds, tax anticipation notes, bond anticipation notes, revenue antici-pation notes or other short term notes, private placements and participations in pools of municipal securities. At times, the Fund may invest a significant amount of its assets in municipal securities that may be subject to the federal alternative mini-mum tax for individuals.

Yes, JMST is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, JMST is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JMST is 0.0015%. This is the percent change in the value of JMST over the most recent 1-month period. The 3-month return on JMST is 0.0051%. This is the percent change in the value of JMST over the most recent 3-month period.

The standard deviation of JMST for the past year is 0.0122%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JMST include SUB, HYD, and CMF.

ETFs correlated to JMST include VTES, UNIY, and DFNM.

ETFs that are inversely correlated to JMST include TBT, PST, and TBF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.