JPMorgan Inflation Managed Bond ETF
$46.34−0.30 (−0.64%)
- Expense ratio
- 0.25%
- Fund size
- $888M
- 1Y return
- −0.6%
- Yield · Last 12 months
- 4.26%
- Holdings
- 750
- Volume · 30D
- 0.1M sh
- NAV per share
- $46.52
- 52W range
The ETF.net JCPI Grade
Score 50 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 10Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 80Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 57Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 42Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 91Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 79Category rank
Our read on JCPI
CMost inflation hedges hand you a stack of long-dated TIPS. JCPI runs a regular core bond book and layers CPI swaps on top, so the hedge is an overlay, not the whole portfolio. Active, monthly paying, 0.25%.
The fund seeks to deliver inflation-protected total return by combining a core bond portfolio with actively managed inflation swaps and tactical trades.
Why people hold it
- Mechanically it is a core bond portfolio with inflation swaps and tactical trades layered on top, rather than a basket of long-dated TIPS.am.jpmorgan.com
- 0.25% for an actively run strategy sits below the median fee in its core bond peer group, unusual for a fund that manages a derivatives overlay.
- Roughly 700 bond positions, and it pays monthly rather than quarterly.
- The strategy has been running since 2010 and reached ETF form in a 2022 mutual fund conversion, so the record predates the ticker.nasdaq.com
Worth knowing
- Thinly traded next to the index giants in its category, which can mean wider bid-ask spreads.
- Plain vanilla peers such as BND, SPAB and SCHZ charge 0.03%, so the inflation overlay costs several times more in fees.
- The hedge runs through swaps, which adds counterparty exposure and manager judgment to what is otherwise a straightforward bond book.am.jpmorgan.com
JCPI Holdings
- Bonds
- 750
- 48%
- UNITED 2.375% 10/28
Geography
- United States88.91%
- United Kingdom2.29%
- France2.12%
- Japan1.45%
- Ireland1.28%
- Canada0.96%
- Spain0.77%
- Netherlands0.56%
- 1.65%
JCPI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | JCPI |
|---|---|
| Year to date | −0.4% |
| 1 month | −1.6% |
| 3 months | −1.3% |
| 1 year | −0.6% |
| 3 years | +4.9% |
| 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 | JCPI |
|---|---|---|
| 2026 YTD | −0.4% | |
| 2025 | +7.1% | |
| 2024 | +4.7% | |
| 2023 | +5.0% | |
| 2022 | −5.5% |
JCPI in the news
ETF.net Research hasn’t filed on JCPI yet — coverage lands here as it’s written.
JCPI Dividends
- 4.26%
- $1.99
- $0.05 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 3, 2026 | $0.05 |
| Aug 3, 2026 | Aug 5, 2026 | $0.24 |
| Jul 1, 2026 | Jul 6, 2026 | $0.28 |
| Jun 1, 2026 | Jun 3, 2026 | $0.29 |
| May 1, 2026 | May 5, 2026 | $0.16 |
| Apr 1, 2026 | Apr 6, 2026 | $0.19 |
| Mar 2, 2026 | Mar 4, 2026 | $0.11 |
| Feb 2, 2026 | Feb 4, 2026 | $0.04 |
| Dec 31, 2025 | Jan 5, 2026 | $0.15 |
| Dec 1, 2025 | Dec 3, 2025 | $0.16 |
| Nov 3, 2025 | Nov 5, 2025 | $0.17 |
| Oct 1, 2025 | Oct 3, 2025 | $0.15 |
JCPI Risk
- 3.4%
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.
- −7.9%
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.
- 0.57
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JCPI Cost
- The middle half of TIPS funds
- Median 0.10%
34 of the 41 TIPS funds charge less.