J.P. Morgan Exchange-Traded Fund Trust JPMorgan Limited Duration Bond ETF
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About J.P. Morgan Exchange-Traded Fund Trust JPMorgan Limited Duration Bond ETF
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Inception date
Jul 28, 2023
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
JPMorgan Investment Management, Inc.
Distributor
JPMorgan Distribution Services, Inc.
JPLD aims to achieve a high level of income by investing in a portfolio of fixed and floating rate asset-backed, mortgage-backed, and mortgage-related securities as well as money market instruments, and structured investments. The fund targets a duration of three years or less, which may be extended in volatile market conditions. The funds securities are rated investment grade and denominated in U.S. dollars. The adviser takes a long-term, value-oriented approach in its stock selection process, while also taking into account ESG considerations for certain issuers in its investment universe. The fund has the flexibility to allocate up to 25% of its portfolio to sub-prime mortgage related securities and may utilize derivatives for managing duration, sector exposure, yield curve and risk mitigation. The portfolio manager has full discretion to buy, sell, and hold decisions. On July 28, 2023, JPLD converted from a mutual fund to an actively managed ETF with $1.01 billion in assets.
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
Securitized
Bonds, Cash & Other100.00%
Securitized83.86%
Cash9.01%
Corporate5.42%
Miscellaneous0.97%
Mutual fund0.46%
Government0.28%
Top 10 holdings
Dividends
Dividend payout history