Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
JPMorgan Active Bond ETF
$51.100.00 (0.00%)
- 0.25%
- $8.9B
- −1.6%
- 4.65%
- 1M sh
- $50.97
- low $50.70high $55.79
The ETF.net JBND Grade
A
Score 69 out of 100
- 34 of 117
Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays A for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.B66 out of 100Rank 38 of 117Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 101Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 83 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B57 out of 100Rank 42 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B68 out of 100Rank 39 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 20 of 117
Our read on JBND
AActive core bond management at near-index pricing: J.P. Morgan's bond desk runs roughly 1,700 holdings against the Agg with extra weight in securitized debt, for 0.25% a year.
Seeks total return through active management of U.S. investment-grade bonds, primarily a diversified intermediate-term, high-quality portfolio with greater emphasis on securitized bonds.
Why people hold it
- 0.25% a year undercuts every other active fund benchmarked to the Agg in its peer set (CGCB, JCPB, BOND, JFLX) and lands well under the core-bond category's median fee.
- The securitized tilt is the whole point. The fact sheet describes a diversified intermediate-term, high-quality portfolio with greater emphasis on securitized bonds, not a copy of the index.am.jpmorgan.com
- About 1,700 bonds deep, pays monthly, and has pulled in multi-billion-dollar assets since launch. What's inside lines up closely with the mandate on the tin.
- In a crowded field of nearly 200 core bond funds, this one sits in the upper tier on how cleanly it executes what it promises.
Worth knowing
- Index core-bond giants like BND, SPAB and SCHZ charge 0.03%. The extra fee here buys a manager's judgment calls, which can land either way.
- The Bloomberg U.S. Aggregate is a yardstick, not a blueprint. An active portfolio can look and behave differently from the index it's measured against.
- Intermediate-term bonds move with interest rates, and the fund launched in 2023, so its record doesn't yet span a full rate cycle.
JBND Holdings
- Bonds
- 1,757
- 16%
- JPMorgan U.s. Government
Geography
- United States95.11%
- United Kingdom0.80%
- France0.77%
- Ireland0.62%
- Mexico0.54%
- Canada0.47%
- Spain0.44%
- Japan0.44%
- 0.81%
JBND Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
JBND$9,841
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | JBND |
|---|---|
| Year to date | −2.3% |
| 1 month | −1.1% |
| 3 months | −2.5% |
| 1 year | −1.6% |
| 3 years | +5.5% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | JBND |
|---|---|---|
| 2026 YTD | −2.3% | |
| 2025 | +8.2% | |
| 2024 | +3.2% | |
| 2023 | +7.3% |
JBND in the news
JBND Dividends
- 4.65%
- $2.38
- $0.20 per share
- Monthly
Distribution history
JBND Risk
- 5.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.24
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −4.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.20
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JBND Cost
0.25%
JBND0.25%
- The middle half of US Aggregate Bond funds
- Median 0.34%
35 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- AHTRBHartford Total Return Bond ETFExpense ratio 0.29%1 year return −2.3%
- BGTOInvesco Total Return Bond ETFExpense ratio 0.35%1 year return −1.4%
- BSYSBiShares Systematic Bond ETFExpense ratio 0.25%1 year return −2.0%
- BBTOTiShares Total USD Fixed Income Market ETFExpense ratio 0.10%1 year return —
- BNUAGNuveen Enhanced Yield U.S. Aggregate BondExpense ratio 0.15%1 year return −1.8%