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.
| 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 |
This section compares how balanced and deep this ETF is relative to its peers.
| JMUB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 1000 | 1425 | 783 |
| % of Assets in Top 10 | 19.61% | 36.84% | 11.03% |
| % of Assets in Top 15 | 23.63% | 42.25% | 14.91% |
| % of Assets in Top 50 | 47.65% | 65.58% | 35.22% |
| JMUB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | N/A | N/A |
| Mid (>2.7B) | N/A | N/A | N/A |
| Small (>600M) | N/A | N/A | N/A |
| Micro (<600M) | N/A | N/A | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| JMUB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.14 | $ 0.16 | $ 0.08 |
| Dividend Date | 2023-09-01 | N/A | N/A |
| Annual Dividend Rate | $ 1.51 | $ 1.64 | $ 0.74 |
| Annual Dividend Yield | 3.07% | 3.99% | 2.28% |
View charts featuring JMUB price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 9.85 M 1 Month Net Flows: 49.36 M 3 Month Net Flows: 134.42 M 6 Month Net Flows: 236.93 M 1 Year Net Flows: 416.1 M 3 Year Net Flows: 605.99 M 5 Year Net Flows: 638.52 M 10 Year Net Flows: 638.52 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 9.07 MThe 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.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
JMUB does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| JMUB |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -0.29% | 0.13% | -0.51% |
| 3 Month Return | -1.03% | -0.75% | -1.08% |
| YTD Return | 1.22% | 1.95% | 0.45% |
| 1 Year Return | 3.31% | 1.90% | 2.25% |
| 3 Year Return | -1.05% | -1.80% | -0.96% |
| 5 Year Return | N/A | 0.48% | 0.28% |
The following charts reflect the geographic spread of JMUB's underlying holdings.
The following charts reflect the allocation of JMUB's underlying holdings.
| Asset | Percentage |
|---|---|
| Municipal | 87.3% |
| Open-ended Fund | 9.79% |
| Corporate | 0.98% |
| Sovereign | 0.88% |
| Asset Backed Security | 0.63% |
| CASH | 0.19% |
| Other | 0.15% |
| 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% |
| Asset | Percentage |
|---|---|
| Municipal | 87.3% |
| Open-ended Fund | 9.79% |
| Corporate | 0.98% |
| Sovereign | 0.88% |
| Asset Backed Security | 0.63% |
| CASH | 0.19% |
| Other | 0.15% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 21.57% |
| 20 Day Volatility | 1.79% |
| 50 Day Volatility | 2.78% |
| 200 Day Volatility | 2.87% |
| Beta | 0.12 |
| Standard Deviation | 1.02% |
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 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.
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