JPMorgan Sustainable Municipal Income ETF
$47.78−0.41 (−0.84%)
- Expense ratio
- 0.18%
- Fund size
- $376M
- 1Y return
- −0.6%
- Yield · Last 12 months
- 3.82%
- Holdings
- 297
- Volume · 30D
- 0M sh
- NAV per share
- $48.16
- 52W range
The ETF.net JMSI Grade
Score 72 of 100 sits in the A 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.AScore 81Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 91Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 58Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 49Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 55Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 70Category rank
Our read on JMSI
AA muni bond fund with a filter: it only buys bonds whose proceeds back social or environmental projects, and it charges 0.18% while the typical muni ETF charges 0.30%. Federally tax-exempt income, paid monthly.
The fund seeks current income exempt from federal income tax by investing in municipal bonds whose proceeds support positive social or environmental benefits.
Why people hold it
- 0.18% a year against a 0.30% median for muni bond ETFs. The impact screen doesn't come with a fee premium over the typical peer.
- Every bond has to clear a use-of-proceeds test: the money must support social or environmental benefits. That is the mandate, not a marketing layer.am.jpmorgan.com
- Income is exempt from federal income tax and lands monthly, spread across roughly 300 bond positions.
- In a muni ETF field running well past 100 funds, this ranks among the stronger builds on cost, mandate discipline and portfolio construction.
Worth knowing
- It trades lightly next to the muni giants, so bid-ask spreads can run wider going in and coming out.
- Plain broad-market muni index funds like VTEB and SCMB charge 0.03%. Here you're paying for an active manager and the impact screen.
- Federal tax exemption is not state tax exemption, and muni bond prices still move with interest rates and credit conditions.
JMSI Holdings
- Bonds
- 297
- 16%
- JPMI TAX FREE MMKTF IM
Geography
- United States100.00%
JMSI 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 | JMSI |
|---|---|
| Year to date | −2.0% |
| 1 month | −2.1% |
| 3 months | −3.3% |
| 1 year | −0.6% |
| 3 years | +3.3% |
| 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 | JMSI |
|---|---|---|
| 2026 YTD | −2.0% | |
| 2025 | +4.4% | |
| 2024 | +2.8% | |
| 2023 | +2.7% |
JMSI in the news
ETF.net Research hasn’t filed on JMSI yet — coverage lands here as it’s written.
JMSI Dividends
- 3.82%
- $1.84
- $0.15 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 3, 2026 | $0.15 |
| Aug 3, 2026 | Aug 5, 2026 | $0.15 |
| Jul 1, 2026 | Jul 6, 2026 | $0.15 |
| Jun 1, 2026 | Jun 3, 2026 | $0.15 |
| May 1, 2026 | May 5, 2026 | $0.16 |
| Apr 1, 2026 | Apr 6, 2026 | $0.15 |
| Mar 2, 2026 | Mar 4, 2026 | $0.15 |
| Feb 2, 2026 | Feb 4, 2026 | $0.14 |
| Dec 31, 2025 | Jan 5, 2026 | $0.15 |
| Dec 1, 2025 | Dec 3, 2025 | $0.16 |
| Nov 3, 2025 | Nov 5, 2025 | $0.16 |
| Oct 1, 2025 | Oct 3, 2025 | $0.16 |
JMSI Risk
- 4.7%
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.
- −0.17
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.
- −4.6%
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.
- 0.82
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JMSI Cost
- The middle half of Other Municipal Bond funds
- Median 0.30%
10 of the 62 Other Municipal Bond funds charge less.