JPMorgan 100% U.S. Treasury Securities Money Market ETF
$100.19−0.02 (−0.02%)
- 0.16%
- $97M
- 0M sh
- $100.13
- low $99.79high $100.68
The ETF.net JMMF Grade
B
Score 56 out of 100
- 8 of 16
Score 56 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.C47 out of 100Rank 7 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.A77 out of 100Rank 9 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A82 out of 100Rank 3 of 16Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C45 out of 100Rank 8 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D34 out of 100Rank 14 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F22 out of 100Rank 16 of 16
Our read on JMMF
BA money market fund wearing an ETF ticker. JMMF owns nothing but direct U.S. Treasury debt (bills, notes, bonds), chasing current income, liquidity and low volatility of principal, and it pays monthly. J.P. Morgan opened it in December 2025.
The fund seeks current income, liquidity, and low volatility of principal through exclusive investment in U.S. Treasury debt securities, including Treasury bills, bonds, and notes.
Why people hold it
- The mandate is the name: 100% U.S. Treasury debt, bills, notes and bonds, roughly 50 positions, no corporate or bank paper anywhere in the book.am.jpmorgan.com
- Built for the cash corner: current income, liquidity and low volatility of principal are the stated goals, and the payout lands monthly.
- A money market mandate in an ETF wrapper, so shares change hands on an exchange through the trading day instead of only at a fund company's cutoff.
Worth knowing
- At 0.16% a year it runs above the 0.12% median for its Treasury cohort and above ultra-short options like Vanguard's VGUS at 0.07%.
- It opened in December 2025 and traded thinly out of the gate, so there is little history on spreads or depth to lean on.
- Treasuries only means no corporate, municipal or agency paper. Stability is the trade-off, and income comes from a single issuer.
JMMF Holdings
- Other
- 62
- 59%
- United States Zero 10/26
Geography
- United States100.00%
JMMF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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JMMF$10,280
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 | JMMF |
|---|---|
| Year to date | +2.8% |
| 1 month | +0.4% |
| 3 months | +1.0% |
| 1 year | — |
| 3 years | — |
| 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 | JMMF |
|---|---|---|
| 2026 YTD | +2.8% | |
| 2025 | +0.1% |
JMMF in the news
JMMF Dividends
- $0.07 per share
- Weekly
Distribution data unavailable.
Distribution history
JMMF Risk
- —
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.
- —
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.
- —
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.
- −0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JMMF Cost
0.16%
JMMF0.16%
- The middle half of US Treasury & Government funds
- Median 0.15%
10 of the 16 US Treasury & Government funds charge less.
Other funds in US Treasury & Government
- BLDRTiShares iBonds 1-5 Year Treasury Ladder ETFExpense ratio 0.07%1 year return +0.8%
- BGOVIInvesco Equal Weight 0-30 Year Treasury ETFExpense ratio 0.15%1 year return −6.0%
- CLGOVFirst Trust Long Duration Opportunities ETFExpense ratio 0.49%1 year return −6.0%
- CMGOVFirst Trust Intermediate Government Opportunities ETFExpense ratio 0.50%1 year return −2.7%
- CTROTInvesco MSCI Treasury Duration Rotation ETFExpense ratio 0.15%1 year return —