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Launched · SEC filings

JPMorgan 100% U.S. Treasury Securities Money Market ETF

JMMFNYSE ArcaJ.P. MorganC

$100.20+0.03 (+0.02%)

As of Nov 3, 2026, 2:58 PM ET

C53/ 100

Rank 9 of 16 in US Treasury & Government

C53/100Rank 9 of 16inUS Treasury & Government
Intraday session: up, 67 prints from 100.17 to 100.20. Range 100.19 to 100.24. Use the arrow keys to read each point.100.19100.21100.22100.23100.2410 AM12 PM2 PM4 PM
Expense ratio
0.16%
Fund size
$115M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
55
Avg volume · 30D
11.7K sh
52W range
low $99.79high $100.68
Launched
Filings
SEC EDGAR

The ETF.net JMMF Grade

C

Score 53 out of 100

Category
US Treasury & Government⁠
Rank
9 of 16
Six-pillar profile for JMMF. Scores out of 100: Cost 47, Risk 58, Mission 73, Tradability 44, Holdings 44, Durability 24. Strongest: Mission (73). Weakest: Durability (24). Leans toward Mission.

Score 53 of 100 falls in the C 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 100
    Rank 7 of 16

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A73 out of 100
    Rank 10 of 11

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B58 out of 100
    Rank 6 of 16

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C44 out of 100
    Rank 9 of 16

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C44 out of 100
    Rank 12 of 16

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F24 out of 100
    Rank 16 of 16

Our read on JMMF

ETF.net Research

In short

CA 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.

Stated mandate

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.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

Holdings pillarC44 out of 100Rank 12 of 16 in US Treasury & Government
Asset class
Other
Holdings
55
Top-10 weight
57%
Largest holding
United States Zero 11/269.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUnited States Zero 11/268.98%10,550,000$10.5M23
2No dataUnited States Zero 12/268.80%10,350,000$10.3M50
3No dataUnited States Zero 12/267.87%9,250,000$9.22M53
4No dataUnited States Zero 12/266.25%7,350,000$7.33M20
5No dataUnited States Zero 11/265.39%6,325,000$6.32M16
6No dataUnited States Zero 11/264.35%5,100,000$5.1M20
7No dataUnited States Zero 11/264.35%5,100,000$5.1M23
8No dataUnited States Zero 11/263.75%4,400,000$4.39M29
9No dataUnited States Zero 12/263.40%4,000,000$3.98M8
10No dataUnited States Zero 01/273.39%4,000,000$3.97M9
11No dataUnited States Zero 12/263.27%3,850,000$3.83M14
12No dataUnited States Zero 12/263.22%3,800,000$3.78M9
13No dataUnited States Zero 12/263.14%3,700,000$3.68M12
14No dataUnited States Zero 01/272.92%3,450,000$3.42M23
15No dataUnited States Zero 11/262.90%3,400,000$3.39M62

Showing 1–15 of 55 holdings

JMMF Performance

Launched Dec 10, 2025

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.Not enough history yet.Not enough history yet.
JMMF$10,298
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,115
Dec 31, 2025 to Nov 2, 2026. JMMF $10,298. SPY $11,115. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Nov 2026

Dec 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for JMMF. Periods over one year show the average yearly return.
PeriodJMMF
Year to date+3.0%
1 month+0.2%
3 months+0.9%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for JMMF
YearReturn barJMMF
2026 YTD+3.0%
2025+0.1%

History from Dec 12, 2025

JMMF in the news

JMMF Dividends

Upcoming payment
$0.07 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Weekly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 43 payments in 2026 YTD. Jan 9, 2026 $0.07; Jan 16, 2026 $0.07; Jan 23, 2026 $0.07; Jan 30, 2026 $0.07; Feb 6, 2026 $0.07; Feb 13, 2026 $0.07; Feb 20, 2026 $0.07; Feb 27, 2026 $0.07; Mar 6, 2026 $0.07; Mar 13, 2026 $0.07; Mar 20, 2026 $0.07; Mar 27, 2026 $0.06; Apr 6, 2026 $0.06; Apr 10, 2026 $0.07; Apr 17, 2026 $0.07; Apr 24, 2026 $0.07; May 1, 2026 $0.07; May 8, 2026 $0.07; May 15, 2026 $0.07; May 22, 2026 $0.07; May 29, 2026 $0.07; Jun 5, 2026 $0.07; Jun 12, 2026 $0.07; Jun 22, 2026 $0.07; Jun 26, 2026 $0.07; Jul 6, 2026 $0.07; Jul 10, 2026 $0.07; Jul 17, 2026 $0.07; Jul 24, 2026 $0.07; Jul 31, 2026 $0.07; Aug 7, 2026 $0.07; Aug 14, 2026 $0.07; Aug 21, 2026 $0.07; Aug 28, 2026 $0.07; Sep 4, 2026 $0.07; Sep 11, 2026 $0.07; Sep 18, 2026 $0.06; Sep 25, 2026 $0.07; Oct 2, 2026 $0.07; Oct 9, 2026 $0.07; Oct 16, 2026 $0.07; Oct 23, 2026 $0.07; Oct 30, 2026 $0.07. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 30, 2026Pays Nov 3, 2026$0.07
Oct 23, 2026Oct 27, 2026$0.07
Oct 16, 2026Oct 20, 2026$0.07
Oct 9, 2026Oct 13, 2026$0.07
Oct 2, 2026Oct 6, 2026$0.07
Sep 25, 2026Sep 29, 2026$0.07
Sep 18, 2026Sep 22, 2026$0.06
Sep 11, 2026Sep 15, 2026$0.07
Sep 4, 2026Sep 9, 2026$0.07
Aug 28, 2026Sep 1, 2026$0.07
Aug 21, 2026Aug 25, 2026$0.07
Aug 14, 2026Aug 18, 2026$0.07

See all 46 payments⁠

JMMF Risk

Risk pillarB58 out of 100Rank 6 of 16 in US Treasury & Government
How much the fund’s monthly returns vary, scaled to a year.
Launched Dec 2025; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
Launched Dec 2025; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
Launched Dec 2025; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
−0.01
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

JMMF Cost

Compare JMMF and SPTB

Overpaying vs SPTB, tied cheapest in US Treasury & Government

$2,704

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • JMMF 0.16%

    $3,342

  • SPTB 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • JMMF 0.16%
  • SPTB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530JMMF $3,342SPTB $638

Year by year

YearJMMFSPTBOverpaying
10$292$55$237
20$1,141$216$925
30$3,342$638$2,704

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