JMUB | JPMorgan Municipal ETF

JMUB ISSUER

JMUB issuer, the JPMorgan Funds, primarily focuses on investing in municipal securities, constituting at least 80% of its assets, which generate income exempt from federal taxes. These municipal securities include various types such as variable rate demand obligations, short-term notes, and private activity bonds, issued for diverse public and private purposes. In instances where municipal securities are insufficient, the Fund may invest in repurchase agreements or U.S. Treasury securities, which may be taxable. Additionally, the Fund may allocate a significant portion to municipal mortgage-backed securities at the discretion of the adviser. While prioritizing investment grade securities or their unrated equivalents, the Fund may also invest up to 20% in below investment grade securities, commonly referred to as junk bonds, which carry higher risks but potentially higher yields. The Fund adopts a value-oriented approach, analyzing factors like interest rate risk, credit risk, and ESG considerations in its investment decisions, aiming for long-term performance across market cycles. With an average dollar-weighted maturity expected between three and twelve years, the Fund maintains a diversified portfolio while assessing the impact of environmental, social, and governance factors on its investments.

JMUB DIVIDEND

JMUB Dividend, part of the JPMorgan Funds, focuses on providing investors with income through dividend payments. With a primary emphasis on municipal securities, constituting at least 80% of its assets, JMUB Dividend offers the advantage of income that is exempt from federal income tax. The fund's investment strategy encompasses a range of municipal securities, including variable rate demand obligations, short-term notes, and private activity bonds, aimed at generating consistent dividend returns for investors. Additionally, JMUB Dividend may also invest in other fixed-income instruments, including debt securities issued by governmental entities and private issuers, to diversify its income sources and enhance dividend payouts. Managed with a value-oriented approach, the fund evaluates various factors such as interest rate risk, credit risk, and environmental, social, and governance (ESG) considerations to optimize dividend generation while managing associated risks. Through its investment process, JMUB Dividend seeks to provide investors with a reliable income stream while preserving capital over the long term.

JMUB TRACKING

JMUB Tracking, a component of the JPMorgan Funds, is designed to closely track the performance of a specific benchmark or index. With a focus on municipal securities, constituting at least 80% of its assets, JMUB Tracking aims to replicate the investment characteristics and returns of its designated benchmark while providing the benefits of tax-exempt income to investors. The fund's investment strategy involves investing in a diversified portfolio of municipal securities, including various types such as variable rate demand obligations, short-term notes, and private activity bonds, in alignment with the composition of its benchmark. Additionally, JMUB Tracking may also invest in other fixed-income instruments to enhance its ability to mirror the performance of the benchmark. Managed with a disciplined approach, the fund aims to minimize tracking error and deviations from the benchmark's performance through careful selection and weighting of securities. By offering investors an efficient way to gain exposure to the municipal securities market while closely mirroring the performance of a specific index, JMUB Tracking seeks to provide a transparent and cost-effective investment solution.

JMUB CORRELATION

JMUB Correlation, an integral part of the JPMorgan Funds, focuses on managing correlation risk within its investment portfolio. With a core emphasis on municipal securities, comprising at least 80% of its assets, JMUB Correlation aims to mitigate the impact of market fluctuations by strategically diversifying across various asset classes and sectors. The fund's investment strategy involves selecting securities and investments that exhibit low correlation with each other, thereby reducing the overall volatility of the portfolio. Additionally, JMUB Correlation may employ hedging techniques or invest in non-traditional assets to further manage correlation risk and enhance portfolio stability. Through rigorous analysis and risk management practices, the fund seeks to achieve a portfolio composition that is resilient to market movements and capable of delivering consistent returns over the long term. By addressing correlation risk effectively, JMUB Correlation aims to provide investors with a smoother investment experience and greater confidence in achieving their financial objectives.

JMUB SECTOR

JMUB Sector, a vital component of the JPMorgan Funds, specializes in sector-specific investing within the municipal securities market. With a core focus on municipal securities, constituting at least 80% of its assets, JMUB Sector aims to capitalize on opportunities presented by specific sectors such as housing, healthcare, or infrastructure. The fund's investment strategy involves strategically allocating assets to sectors expected to perform well based on economic and market trends, as well as regulatory and demographic factors. By targeting sectors with favorable growth prospects and stable revenue streams, JMUB Sector seeks to enhance returns and manage risk effectively. Additionally, the fund may utilize fundamental analysis and engage in active management to identify attractive opportunities within targeted sectors. Through a disciplined approach to sector selection and portfolio management, JMUB Sector aims to provide investors with exposure to sectors poised for growth while mitigating downside risk, thereby offering the potential for attractive long-term returns.

JMUB EXPOSURE

JMUB Exposure, an integral part of the JPMorgan Funds, is dedicated to providing investors with targeted exposure to specific segments of the municipal securities market. Leveraging its expertise in municipal securities, which constitute at least 80% of its assets, JMUB Exposure strategically allocates investments to capitalize on opportunities within chosen segments, such as geographic regions, credit qualities, or maturity profiles. The fund's investment strategy involves carefully selecting securities that offer exposure to desired segments, aiming to capture potential returns while managing associated risks effectively. By focusing on specific areas of the municipal market, JMUB Exposure seeks to enhance portfolio diversification and optimize risk-adjusted returns for investors. Additionally, the fund may employ various investment techniques, including sector rotation and duration management, to further enhance exposure to targeted segments and maximize portfolio efficiency. Through its tailored approach to segment-specific investing, JMUB Exposure aims to provide investors with the opportunity to capitalize on the unique characteristics and potential growth within chosen segments of the municipal securities market.