JPMorganMuni National ShortJMST · NYSE Arca

JPMorgan Ultra-Short Municipal Income ETF (JMST)

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Price: $50.96; —30 Oct 2026
Assets: $7.6B; Total net assets
Expense ratio: 0.18%; Category 0.54%
Yield: 2.59%; Trailing distributions

1Y return: 2.6%+0.3%; Category 2.3%
3Y CAGR: 3.3%-0.2%; Category 3.6%
5Y CAGR: 2.5%+0.6%; Category 1.9%

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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	+1.0%	+0.7%	+1.2%	+2.0%	+2.6%	+3.3%	+2.5%	—	+2.2%
Muni National Short average	1.5%	0.5%	0.9%	1.6%	2.3%	3.6%	1.9%	1.6%	2.3%
Difference	-0.5%	+0.2%	+0.3%	+0.3%	+0.3%	-0.2%	+0.6%	—	-0.2%

Holdings

The 1 largest positions make up 6.8% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
JOIXX	JPMorgan Instl Tx Fr Mny Mkt IM	6.84%

Credit quality

Share of the bonds by rating.

AAA15.4%
AA58.4%
A10.3%
BBB0.3%
BB0.1%
Other15.6%

Asset mix

Bonds79.2%
Cash20.8%

ETF details

Issuer: JPMorgan
Category: Fixed Income · Muni National Short
Ticker: JMST
Exchange: NYSE Arca
Inception: 16 Oct 2018 (8.0 years)
Structure: Exchange Traded Fund
Expense ratio: 0.18% (category 0.54%)
Holdings turnover: 53% (category 59%)
Distribution yield: 2.59%
Beta, 3 years: 0.09
Total net assets: $7.6B
Average duration: 3.95 years
Average maturity: 10.07 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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