6 min readBy Ron Koren ETF Insider
How does the CRIT ETF work?
The CRIT ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
The JMST issuer, affiliated with JPMorgan Funds, adheres to a fundamental policy of investing a minimum of 80% of its assets in municipal securities, offering federal income tax-exempt income. These securities encompass a diverse array, ranging from variable rate demand obligations to municipal bonds, serving various public and private purposes. Notably, the issuer may allocate a significant portion of its assets to municipal securities subject to the federal alternative minimum tax. With a focus on shorter-term maturities, the issuer aims to manage interest rate sensitivity, crucial for investors concerned about fluctuations in share prices. While primarily investing in investment-grade securities, the issuer allows up to 10% of assets in below-investment-grade securities, emphasizing a value-oriented approach and thorough risk/reward analysis. Additionally, the issuer integrates environmental, social, and governance (ESG) factors into its investment process, evaluating opportunities and risks across sectors, thereby underscoring its commitment to comprehensive investment strategies aligned with sustainable principles.
JMST Dividend, a constituent of the JPMorgan Funds, operates within a framework focused on delivering dividend income to investors while adhering to stringent investment principles. With a core strategy centered around municipal securities, JMST Dividend ensures that at least 80% of its assets are invested in such instruments, providing a reliable stream of income exempt from federal taxation. These municipal securities encompass a broad spectrum, including variable rate demand obligations, municipal bonds, and tax-exempt commercial paper, among others. Leveraging a diversified portfolio approach, the fund seeks to mitigate risk while optimizing dividend yield potential. Furthermore, JMST Dividend adopts a disciplined investment process, guided by a thorough assessment of interest rate risk, credit risk, and duration, as well as an integration of environmental, social, and governance (ESG) factors into its decision-making framework. Through its commitment to delivering consistent dividend income and aligning investment practices with sustainable principles, JMST Dividend aims to provide investors with attractive long-term returns.
JMST Tracking, an integral component of the JPMorgan Funds, is dedicated to providing investors with a robust investment vehicle designed to closely track the performance of targeted market indices. With a primary focus on municipal securities, JMST Tracking ensures that at least 80% of its assets are invested in these instruments, offering federal income tax-exempt income. These securities span a wide range, including variable rate demand obligations, municipal bonds, tax-exempt commercial paper, and more. JMST Tracking employs a systematic investment approach aimed at closely mirroring the returns of specified benchmarks, employing various strategies to achieve this goal. Additionally, the fund rigorously manages risk factors such as interest rate fluctuations and credit risks associated with its investment universe. By aligning its investment strategies with the specific requirements of index tracking, JMST Tracking aims to provide investors with a reliable and efficient means of gaining exposure to municipal securities while seeking to replicate the performance of targeted market indices.
JMST Correlation, an essential component within the JPMorgan Funds, is dedicated to providing investors with a portfolio that aims to exhibit a high degree of correlation with specific market indices or asset classes. With a core focus on municipal securities, JMST Correlation ensures that at least 80% of its assets are invested in these instruments, offering income exempt from federal taxation. These securities encompass a diverse range, including variable rate demand obligations, municipal bonds, tax-exempt commercial paper, and more. JMST Correlation employs a meticulous investment strategy tailored to closely align with the performance of targeted market indices or asset classes, utilizing various techniques and instruments to achieve this objective. By rigorously managing risk factors such as interest rate fluctuations and credit risks associated with its investment universe, JMST Correlation seeks to deliver returns that exhibit a strong correlation with the designated benchmarks or asset classes. Through its commitment to providing investors with a portfolio designed to mirror specific market movements, JMST Correlation offers an effective tool for investors seeking exposure to targeted market segments while managing risk effectively.
JMST Sector, an integral facet of the JPMorgan Funds, is dedicated to providing investors with exposure to specific sectors within the municipal securities market. With a strategic emphasis on sector-focused investing, JMST Sector ensures that it allocates a significant portion of its assets to municipal securities whose interest payments are derived from projects within a single sector, such as housing or healthcare. These securities include municipal mortgage-backed and asset-backed securities, as well as auction rate securities and restricted securities. Additionally, JMST Sector may invest in municipal obligations paid from revenues of projects within a single sector, further enhancing its sector-specific exposure. The fund employs a rigorous investment approach, carefully evaluating opportunities within targeted sectors and managing risk factors associated with sector concentration. By focusing on sectors that demonstrate potential for growth and stability, JMST Sector aims to provide investors with opportunities to capitalize on specific areas of the municipal securities market while managing sector-specific risks effectively.
JMST Exposure, a pivotal component of the JPMorgan Funds, is designed to offer investors a diversified portfolio aimed at capturing broad exposure across the municipal securities market. With a core objective of providing comprehensive market exposure, JMST Exposure allocates its assets across various types of municipal securities, including variable rate demand obligations, municipal bonds, tax-exempt commercial paper, and more. The fund's investment strategy emphasizes building a well-balanced portfolio that spans different segments of the municipal securities market, thereby mitigating specific risks associated with individual securities or sectors. By diversifying across a range of municipal securities, JMST Exposure seeks to provide investors with the opportunity to participate in the potential growth and income benefits of the municipal market while managing overall portfolio risk effectively. Through its commitment to diversification and broad market exposure, JMST Exposure aims to deliver attractive long-term returns to investors seeking comprehensive access to the municipal securities market.
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6 min readThe CRIT ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
4 min readThe JMST ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
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