Key stats
About JPMorgan Municipal ETF
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Inception date
Oct 29, 2018
Structure
Open-Ended Fund
Replication method
Physical
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.
ISIN
US46641Q6474
JMUB is a tax-exempt municipal bond fund that invests in bonds issued in the US. The fund primarily invests in investment-grade securities but may allocate up to 20% of its assets to high-yield bonds. Security selection is based on an analysis of interest rate trends, credit quality, liquidity, structure, and legal features, and also takes ESG considerations. Investments may include general obligation and revenue bonds, variable-rate demand obligations, short-term notes, and private activity bonds. It may also hold municipal MBS or ABS, as well as short-term instruments, US Treasuries, cash, or repurchase agreements. The portfolio typically maintains a dollar-weighted average maturity of three to twelve years to moderate interest rate sensitivity. Up to 25% of its assets may be invested in municipal bonds subject to the federal alternative minimum tax. On October 30, 2025, the JPMorgan National Municipal Income Fund reorganized into JMUB, increasing AUM by approximately $1.95billion.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Stocks0.02%
Consumer Services0.02%
Bonds, Cash & Other99.98%
Municipal92.02%
Mutual fund6.94%
Corporate0.61%
Government0.27%
Securitized0.08%
Cash0.04%
Miscellaneous0.02%
Rights & Warrants0.01%
Stock breakdown by region
North America52.83%
Asia47.17%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
JMUB invests in bonds. The fund's major sectors are Municipal, with 92.02% stocks, and Corporate, with 0.61% of the basket. The assets are mostly located in the N/A region.
JMUB last dividends amounted to 0.12 USD. The month before, the issuer paid 0.15 USD in dividends, which shows a 23.07% decrease.
JMUB assets under management is 6.09 B USD. It's risen 53.51% over the last month.
JMUB fund flows account for 4.14 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, JMUB pays dividends to its holders with the dividend yield of 3.39%. The last dividend (Oct 23, 2025) amounted to 0.12 USD. The dividends are paid monthly.
JMUB shares are issued by JPMorgan Chase & Co. under the brand JPMorgan. The ETF was launched on Oct 29, 2018, and its management style is Active.
JMUB expense ratio is 0.18% meaning you'd have to pay 0.18% of your investment to help manage the fund.
JMUB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
JMUB invests in bonds.
JMUB price has risen by 0.42% over the last month, and its yearly performance shows a 0.98% increase. See more dynamics on JMUB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.90% over the last month, showed a 3.31% increase in three-month performance and has increased by 4.76% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.90% over the last month, showed a 3.31% increase in three-month performance and has increased by 4.76% in a year.
JMUB trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.