Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
JPMorgan Core Plus Bond ETF
$44.81+0.03 (+0.07%)
- 0.40%
- $16.0B
- −1.2%
- 5.06%
- 2.4M sh
- $44.65
- low $44.40high $48.17
The ETF.net JCPB Grade
B
Score 64 out of 100
- 50 of 117
Score 64 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.
Cost
The fund’s net expense ratio, ranked against its category.D37 out of 100Rank 68 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.C51 out of 100Rank 34 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B59 out of 100Rank 34 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A73 out of 100Rank 26 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A82 out of 100Rank 13 of 117
Our read on JCPB
BA core bond portfolio with the leash loosened. JCPB uses the Bloomberg U.S. Aggregate as its reference point, then lets J.P. Morgan's managers add non-investment-grade and other 'plus' sectors in pursuit of income. Roughly 2,700 bonds, paid monthly.
The ETF seeks a high level of current income from investment-grade and non-investment-grade securities. It mainly uses investment-grade bonds, while combining bottom-up selection, dynamic sector allocation, and macro analysis of the yield curve, duration, and portfolio risk.
Why people hold it
- Core plus, not core copy: managers can step outside the Agg into non-investment-grade bonds, blending bottom-up picks, sector shifts, and yield-curve calls.
- Spread across roughly 2,700 bonds, so no single issuer swings the portfolio, with income paid out monthly.
- At 0.37%, it sits right at the typical fee for its category (0.36% median) and undercuts active rival BOND at 0.56%.
- Live since 2019, now a multi-billion-dollar fund that trades actively, with a portfolio that matches the core plus mandate on paper.
Worth knowing
- Plain Agg trackers like BND, SPAB, and SCHZ charge 0.03%. Active management here costs meaningfully more than the index route.
- J.P. Morgan runs a similar core plus playbook in JBND at 0.25%, so the same house offers a cheaper door.
- The 'plus' sleeve can hold non-investment-grade debt, adding credit risk a straight investment-grade Agg fund does not carry.
JCPB Holdings
- Bonds
- 2,792
- 18%
- JPMorgan U.s. Government
Sectors
- Energy100.0%
Geography
- United States85.59%
- United Kingdom4.25%
- Canada1.16%
- Ireland1.16%
- Netherlands0.87%
- France0.80%
- Japan0.68%
- Mexico0.50%
- 4.98%
JCPB 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.
JCPB$9,882
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 | JCPB |
|---|---|
| Year to date | −1.9% |
| 1 month | −1.1% |
| 3 months | −2.5% |
| 1 year | −1.2% |
| 3 years | +5.5% |
| 5 years | +0.5% |
| 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 | JCPB |
|---|---|---|
| 2026 YTD | −1.9% | |
| 2025 | +8.0% | |
| 2024 | +2.9% | |
| 2023 | +7.1% | |
| 2022 | −12.9% | |
| 2021 | −0.5% | |
| 2020 | +9.2% |
JCPB in the news
JCPB Dividends
- 5.06%
- $2.27
- $0.18 per share
- Monthly
Distribution history
JCPB Risk
- 5.6%
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.
- 0.12
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.
- −16.4%
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.
- 1.00
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JCPB Cost
0.40%
JCPB0.40%
- The middle half of US Aggregate Bond funds
- Median 0.34%
71 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- BBDBTBluemonte Core Bond ETFExpense ratio 0.28%1 year return −1.9%
- BHCRBHartford Core Bond ETFExpense ratio 0.29%1 year return −2.3%
- BJSCPJPMorgan Short Duration Core Plus ETFExpense ratio 0.33%1 year return +1.2%
- BBYLDiShares Yield Optimized Bond ETFExpense ratio 0.41%1 year return −0.1%
- BCORBAB Active ETFs, Inc. - AB Core Bond ETFExpense ratio 0.28%1 year return —