JPMorganMuni National ShortJMST · NYSE Arca

JPMorgan Ultra-Short Municipal Income ETF (JMST)

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Price: $50.76; —11 Sept 2026
Assets: $7.4B; Total net assets
Expense ratio: 0.18%; Category 0.54%
Yield: 2.61%; Trailing distributions

1Y return: 2.1%+0.6%; Category 1.4%
3Y CAGR: 3.2%+0.2%; Category 3.1%
5Y CAGR: 2.3%+0.6%; Category 1.7%

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JPMorgan Ultra-Short Municipal Income ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	0.0%	+0.3%	+0.8%	+1.3%	+2.1%	+3.2%	+2.3%	—	+2.1%
Muni National Short average	-0.4%	-0.1%	0.2%	1.0%	1.4%	3.1%	1.7%	1.5%	2.3%
Difference	+0.4%	+0.4%	+0.5%	+0.4%	+0.6%	+0.2%	+0.6%	—	-0.2%

Holdings

The 1 largest positions make up 8.7% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
JOIXX	JPMorgan Instl Tx Fr Mny Mkt IM	8.69%

Credit quality

Share of the bonds by rating.

US government1.0%
AAA12.9%
AA62.0%
A10.6%
BBB0.3%
BB0.1%
Other14.2%

Asset mix

Bonds80.8%
Cash19.3%

ETF details

Issuer: JPMorgan
Category: Fixed Income · Muni National Short
Ticker: JMST
Exchange: NYSE Arca
Inception: 16 Oct 2018 (7.9 years)
Structure: Exchange Traded Fund
Expense ratio: 0.18% (category 0.54%)
Holdings turnover: 53% (category 59%)
Distribution yield: 2.61%
Beta, 3 years: 0.08
Total net assets: $7.4B
Average duration: 4.05 years
Average maturity: 10.17 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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