Skip to Content
ETFs

JPMorgan Sustainable Municipal Income ETF

JMSI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 09 1993
Expense Ratio
0.18%
Type
US Bonds
Fund Owner
JPMorgan Chase
Volume (1m avg. daily)
$763,465
AUM
$225,081,020
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
FYI PPTYS WASH 5% 06/39
2.33%
n/a
PORT ST LUCIE 5.25% 09/24
2.28%
n/a
MARICOPA CNTY 4% 01/41
1.87%
n/a
DETROIT MICH 6% 05/39
1.58%
n/a
LEE CNTY FLA SCH 5% 08/42
1.27%
n/a
TEXAS WTR DEV 4% 10/45
1.26%
n/a
CASH OR CASH COLLATERAL
1.19%
n/a
COLORADO HSG 5.75% 11/53
1.17%
n/a
DELAWARE ST 5% 06/34
1.02%
n/a
VERMONT ST 5% 06/25
0.98%
Invest with JMSI

What is JMSI?

The Fund invests in a portfolio of municipal bonds, including municipal mortgage-backed and asset-backed securities. While current income is the Fund's primary focus, it seeks to produce income in a manner consistent with the preservation of principal. Under normal circumstances, the Fund invests at least 80% of its Assets in municipal bonds, the income from which is exempt from federal income tax. This is a fundamental policy. For the purposes of this policy, "Assets" means net assets, plus the amount of borrowings for investment purposes. The Fund also invests in municipal mortgage-backed and asset-backed securities, as well as restricted securities. The Fund may invest a significant portion or all of its assets in municipal mortgage-backed securities at the adviser's discretion. The securities in which the Fund invests may have fixed rates of return or floating or variable rates.

ETFs related toJMSI

ETFs correlated to JMSI include MUB, NYF, HYD

JMSI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Sustainable Municipal Income ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
HYD
VanEck ETF Trust - VanEck High Yield Muni ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
HTAB
Hartford Funds Exchange-Traded Trust - Hartford Schroders Tax Aware Bond ETF
TLTW
iShares Trust - iShares 20+ Year Treasury Bond BuyWrite Strategy ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
JMHI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan High Yield Municipal ETF
UBT
ProShares Trust - ProShares Ultra 20+ Year Treasury 2x Shares
VGLT
Vanguard Group, Inc. - Vanguard Long-Term Treasury ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

JMSI is a US Bonds ETF. The Fund invests in a portfolio of municipal bonds, including municipal mortgage-backed and asset-backed securities. While current income is the Fund's primary focus, it seeks to produce income in a manner consistent with the preservation of principal. Under normal circumstances, the Fund invests at least 80% of its Assets in municipal bonds, the income from which is exempt from federal income tax. This is a fundamental policy. For the purposes of this policy, "Assets" means net assets, plus the amount of borrowings for investment purposes. The Fund also invests in municipal mortgage-backed and asset-backed securities, as well as restricted securities. The Fund may invest a significant portion or all of its assets in municipal mortgage-backed securities at the adviser's discretion. The securities in which the Fund invests may have fixed rates of return or floating or variable rates.

Yes, JMSI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, JMSI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JMSI is -0.0151%. This is the percent change in the value of JMSI over the most recent 1-month period. The 3-month return on JMSI is %. This is the percent change in the value of JMSI over the most recent 3-month period.

ETFs similar to JMSI include SUB, CMF, and TFI.

ETFs correlated to JMSI include MUB, NYF, and HYD.

ETFs that are inversely correlated to JMSI include TMV, TTT, and TBF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.