JP Morgan Converts Four Mutual Funds to Actively Managed ETFs

JP Morgan Asset Management has converted four mutual funds, collectively managing $1.5 billion in assets, into actively managed ETFs. The new ETFs are:

  1. JPMorgan Equity Focus ETF (JPEF US) – This ETF invests in up to 40 US growth and value-oriented equities, with the flexibility to adjust its style allocation based on market conditions. It seeks companies with strong franchises, competitive positions, and robust balance sheets. The expense ratio is 0.50%.
  2. JPMorgan Limited Duration Bond ETF (JPLD US) – This ETF aims to provide a high level of current income with low volatility of principal. It primarily invests in mortgage-backed securities, asset-backed securities, money market instruments, and structured investments based on bottom-up fundamental research. The expense ratio is 0.24%.
  3. JPMorgan High Yield Municipal ETF (JMHI US) – This ETF focuses on high-yield municipal bonds, aiming to deliver competitive yield and higher after-tax returns. It may invest up to 100% of its portfolio in below-investment-grade securities. The expense ratio is 0.35%.
  4. JPMorgan Sustainable Municipal Income ETF (JMSI US) – This ETF invests in municipal bonds with proceeds designated for projects with positive social or environmental impacts. JP Morgan utilizes a value-oriented approach, analyzing factors like income, interest rate risk, credit risk, and legal/technical structure. The expense ratio is 0.18%.

According to JP Morgan, shareholders will benefit from intraday trading, liquidity, reduced fees, and potential tax advantages with these new ETF offerings.

Heavily Traded ETFs
SPDR S&P 500 - SPY
Invesco QQQ
Vanguard S&P 500 - VOO
Vanguard Total Market - VTI
Energy Select Sector - XLE

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