Symbols

JMUB

JPMorgan Municipal ETF·CBOE

--(--)

Key Stats

Assets Under Management

6.55BUSD

Fund Flows (1Y)

4.49BUSD

Dividend Yield

3.50%

Discount/Premium to NAV

0.15%

Shares Outstanding

131.25M

Expense Ratio

0.18%

About JPMorgan Municipal ETF

Issuer

J.P. Morgan Investment Management Inc.

Brand

JPMorgan

Home Page

https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-municipal-etf-etf-shares-46641q647

Inception Date

Oct 29, 2018

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

JPMorgan Investment Management, Inc.

Distributor

JPMorgan Distribution Services, Inc.

JMUB focuses on investment-grade, intermediate-maturity municipal bonds. The fund's active manager takes a long-term approach that it expects to perform well over a full market cycle. It is worth noting the fund is allowed to hold up to 10% of assets in securities rated below investment grade. In the case where there are not enough municipal securities available to meet the fund's needs, the fund may invest in repurchase agreements or US Treasury securities, which may be subject to federal taxes. JMUB's weighted average maturity will generally be within 3 and 12 years.