JPMorgan Ultra-Short Income ETF
The JPMorgan Ultra-Short Income ETF is an actively-managed fund capitalizing on JP Morgan’s reputation for cash management. It seeks to achieve its investment objective by primarily investing in investment-grade, U.S. dollar denominated short-term fixed, variable and floating rate debt. JPST provides current income while seeking to maintain a low volatility of principal. The JPMorgan Ultra-Short Income ETF had one of the most successful fund launches in the industry, and has been a big hit for JP Morgan's asset management business. It may invest in corporate securities, asset-backed securities, mortgage-backed and mortgage-related securities, and high quality money market instruments such as commercial paper and certificates of deposit.
JPST TOP HOLDINGS
FIRST ABU DHABI ZERO 08/2 1.04%
DEUTSCHE 0.63% 07/21 0.90%
WESTPAC FLT 01/22 0.89%
UNITED 2.875% 10/21 0.85%
NORINCHUKIN 0.37% 12/21 0.80%
ELECTRICITE DE ZERO 06/21 0.72%
NORINCHUKIN 0.37% 12/21 0.65%
BELL CANADA 0.75% 03/24 0.65%
WELLS FARGO SECURITIES, L 0.60%
AMERICAN HONDA FLT 02/23 0.59%
As of 04/16/21
JPST PORTFOLIO BREAKDOWN
Asset Backed Securities 11.2%
CD 7.5%
CP 10.3%
Cash/Cash-Equivalent 6.5%
Corporate (Investment Grade) 59.9%
Mortgage (Non-Call) 2.3%
Non-Corporate Credit 0.4%
Other 0.6%
Treasuries/Futures 1.3%
As of 03/31/21