JMUB
JPMorgan Municipal ETF

Price: $54.39
Change: $0.03 (-0.0%)
Category: Total Bond Market
Last Updated:

Vitals

Issuer JPMorgan Chase
Brand JPMorgan
Structure ETF
Expense Ratio 0.18%
ETF Home Page Home page
Inception Oct 29, 2018
Index Tracked ACTIVE - No Index

Analyst Report

The JP Morgan Municipal ETF (JMUB) is an actively-managed fund that invests in municipal securities. The portfolio managers focus on investment-grade securities and aim to deliver tax-free income while managing credit risk and duration, a measure of sensitivity to interest rate changes. Typically bond prices fall when interest rates rise. Bonds have been one of the bright spots for active managers, and many bond ETFs manage to outperform their benchmarks — something stock pickers often fail to achieve. An investment in JMUB is ultimately a bet on the manager’s ability to outperform the market. Actively-managed alternatives include the PIMCO Municipal Bond Strategy Fund (MUNI). Investors looking for index-tracking funds can compare JMUB to the iShares National AMT-Free Muni Bond ETF (MUB) or the Vanguard Tax-Exempt Bond Index ETF (VTEB), the two largest funds in the municipal bond category.

ETF Database Themes

Category Total Bond Market
Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) Total Bond Market
Bond Duration All-Term

FactSet Classifications

  • Segment Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Intermediate
  • Category Government, Local Authority/Municipal
  • Focus Investment Grade
  • Niche Intermediate
  • Strategy Active
  • Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $53.28
  • 52 Week Hi $55.34
  • AUM $100.6 M
  • Shares 1.9 M

Historical Trading Data

  • 1 Month Avg. Volume 7,283
  • 3 Month Avg. Volume 5,568

Alternative ETFs in the ETF Database Total Bond Market Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BKAG 0.00% $242.5 M 47,406 -1.74%
Largest (AUM) AGG 0.04% $90.9 B 7 M -1.67%
Most Liquid (Volume) AGG 0.04% $90.9 B 7 M -1.67%
Top YTD Performer SEIX 0.57% $52.8 M 8,246 0.42%

Alternative ETFs in the FactSet Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Intermediate Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IBMM 0.18% $258.8 M 29,088 -0.52%
Largest (AUM) ITM 0.24% $1.9 B 171,342 -1.07%
Most Liquid (Volume) ITM 0.24% $1.9 B 171,342 -1.07%
Top YTD Performer BSMV 0.18% $4.9 M N/A -0.44%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

JMUB ETF Database Category Average FactSet Segment Average
Number of Holdings 584 1480 531
% of Assets in Top 10 17.33% 34.85% 13.86%
% of Assets in Top 15 22.86% 39.83% 18.37%
% of Assets in Top 50 40.80% 58.33% 40.27%

Size Comparison

JMUB ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 0.00% N/A
Mid (>2.7B) N/A 0.04% N/A
Small (>600M) N/A 0.59% N/A
Micro (<600M) N/A 0.42% N/A

JMUB Valuation

This section compares the P/E ratio of this ETF to its peers.

JMUB
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
0.45
FactSet Segment Average
P/E Ratio
N/A

JMUB Dividend

This section compares the dividend yield of this ETF to its peers.

JMUB ETF Database Category Average FactSet Segment Average
Dividend $ 0.07 $ 0.07 $ 0.03
Dividend Date 2021-11-01 N/A N/A
Annual Dividend Rate $ 1.05 $ 1.00 $ 0.39
Annual Dividend Yield 1.91% 2.07% 1.13%

JMUB Price and Volume Charts

View charts featuring JMUB price and volume data.

JMUB Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 2.74 M 3 Month Net Flows: 2.74 M 6 Month Net Flows: 16.59 M 1 Year Net Flows: 27.63 M 3 Year Net Flows: 71.2 M 5 Year Net Flows: 73.75 M 10 Year Net Flows: 73.75 M

JMUB Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for JMUB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Total Bond Market with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

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Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses n/a n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

JMUB Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

JMUB
Expense Ratio
0.18%
ETF Database Category Average
Expense Ratio
0.41%
FactSet Segment Average
Expense Ratio
0.20%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

JMUB does not have an ESG score. There are no ESG themes that map to this ETF.

JMUB Performance

This section shows how this ETF has performed relative to its peers.

JMUB ETF Database
Category Average 		Factset Segment
Average
1 Month Return -0.75% -1.30% -0.83%
3 Month Return 0.03% -1.15% -0.17%
YTD Return -0.83% -1.20% -0.83%
1 Year Return 0.84% -0.89% -0.08%
3 Year Return 14.21% 8.78% 4.03%
5 Year Return N/A 7.52% 2.12%

Geographic Exposure

The following charts reflect the geographic spread of JMUB's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of JMUB's underlying holdings.

Asset Percentage
Municipal 94.26%
Other 5.68%
CASH 0.05%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
 
View Less Charts
 
Asset Percentage
Municipal 94.26%
Other 5.68%
CASH 0.05%
 
View More Charts
 

JMUB Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 34.38%
20 Day Volatility 1.05%
50 Day Volatility 1.22%
200 Day Volatility 1.22%
Beta 0.05
Standard Deviation 0.43%
 
View Detailed Analysis
 
5 Day Volatility
34.38%
Rank
15 of 95
Low
AGZ (0.58%)
High
PCEF (216.88%)
20 Day Volatility
1.05%
Rank
78 of 94
Low
OPER (0.13%)
High
ILTB (9.95%)
50 Day Volatility
1.22%
Rank
79 of 94
Low
OPER (0.14%)
High
BLV (11.91%)
200 Day Volatility
1.22%
Rank
74 of 92
Low
OPER (0.12%)
High
BLV (11.32%)
Beta
0.05
Rank
55 of 92
Low
RDFI (-0.4)
High
PCEF (0.77)
Standard Deviation
0.43%
Rank
30 of 89
Low
USI (0.03%)
High
BLV (3.10%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $54.72
  • 60 Day MA $54.62
  • MACD 15 Period -0.29
  • MACD 100 Period -0.25
  • Williams % Range 10 Day 99.03
  • Williams % Range 20 Day 99.03
  • RSI 10 Day 10
  • RSI 20 Day 26
  • RSI 30 Day 34
  • Ultimate Oscillator 19

Bollinger Bands

  • Lower Bollinger (10 Day) $54.26
  • Upper Bollinger (10 Day) $54.94
  • Lower Bollinger (20 Day) $54.38
  • Upper Bollinger (20 Day) $55.07
  • Lower Bollinger (30 Day) $54.45
  • Upper Bollinger (30 Day) $55.03

Support & Resistance

  • Support Level 1 $54.38
  • Support Level 2 $54.37
  • Resistance Level 1 $54.40
  • Resistance Level 2 $54.42

Stochastic

  • Stochastic Oscillator %D (1 Day) 57.08
  • Stochastic Oscillator %D (5 Day) 4.81
  • Stochastic Oscillator %K (1 Day) 58.97
  • Stochastic Oscillator %K (5 Day) 9.26

Tradability

  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.02
  • Maximum Premium Discount (%) 0.21
  • Average Spread (%) 1.76
  • Average Spread ($) 1.76

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the Fact Sheet PDF

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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