Symbols

JMHI

JPMorgan High Yield Municipal ETF·ARCA

--(--)

Key Stats

Assets Under Management

264.73MUSD

Fund Flow (1Y)

50.02MUSD

Dividend Yield

4.64%

Discount / Premium to NAV

0.24%

Shares Outstanding

5.35M

Expense Ratio

0.35%

About JPMorgan High Yield Municipal ETF

Issuer

J.P. Morgan Investment Management Inc.

Brand

JPMorgan

Home Page

https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-high-yield-municipal-etf-etf-shares-46654q799

Inception Date

Jul 14, 2023

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.

JMHI seeks to provide high current income exempt from federal income tax by investing in a broad basket of municipal securities. This includes variable rate demand obligations, short-term municipal notes, municipal bonds, tax-exempt commercial paper, private activity and industrial development bonds, tax anticipation notes, and participations. The fund may allocate up to 100% of its assets in below investment grade securities. It may also invest in shares of closed-end funds (CEFs) and ETFs, capping its investments in CEFs or ETFs at 10%. As an actively managed fund, the fund adviser analyzes individual securities and market sectors to make buy and sell decisions at their discretion. The adviser uses a long-term, value-oriented approach and evaluates the impact of ESG factors on certain issuers. On July 17, 2023, JMHI converted from a mutual fund to an actively managed ETF with $230 million in assets.