JPMorgan Ultra-Short Municipal Income ETF
Price through Oct 2 · Flows through Oct 2. Figures use the latest available records, not a live quote. Fund details retrieved Oct 3. Holdings snapshot retrieved Oct 3.
Under normal circumstances, the fund invests at least 80% of its assets in municipal securities, the income from which is exempt from federal income tax. For purposes of this policy, "Assets" means net assets, plus the amount of borrowings for investment purposes. Up to 100% of the fund's assets may be invested in short-term municipal instruments such as variable rate demand notes, short-term municipal notes and tax-exempt commercial paper.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1M SHOWN · NET +$363M OVER THIS RANGE
Money keeps arriving — +$363M of net inflows over the past month, about 4.7% of the fund's asset base, while the price has returned -0.7% so far this year. At 0.18% a year it is not the cheapest way in — GSIG has a reported fee of 0.14%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | -0.1% |
| 1 month | -0.6% |
| 3 months | -0.7% |
| 6 months | -0.7% |
| YTD | -0.7% |
| 1 year | -0.7% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | +$124M |
| 1 month | +$363M |
| 3 months | +$1B |
| YTD | +$1.4B |
| 1 year | +$3B |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat JMST on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| STIP iShares 0-5 Year TIPS Bond ETF | 0.03% | $16.3B | +$489M | -15bp on fee · 2× the assets · +$489M in over the month | Head-to-head |
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $122.8B | +$2.3B | -13bp on fee · 16× the assets · +$2.3B in over the month | Head-to-head |
| SPTS State Street SPDR Portfolio Short Term Treasury ETF | 0.03% | $7.5B | +$1.4B | -15bp on fee · +$1.4B in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.7B | +$575M | -14bp on fee · 3× the assets · +$575M in over the month | Head-to-head |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.04% | $18.6B | +$412M | -14bp on fee · 2× the assets · +$412M in over the month | Head-to-head |