---
ticker: "JMST"
name: "JPMorgan Ultra-Short Municipal Income ETF"
url: "https://etf.net/etf/JMST"
grade: "A"
score: 74
graded_at: "2026-10-12"
category: "Short-Duration Municipal Bonds"
category_rank: "6 of 28"
methodology: "https://etf.net/methodology"
---

# JMST: JPMorgan Ultra-Short Municipal Income ETF

Grade **A**, Score 74 of 100. Rank 6 of 28 in Short-Duration Municipal Bonds.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 72 | 8 of 28 |
| Mission | 100 | 1 of 27 |
| Risk | 56 | 7 of 27 |
| Tradability | 68 | 6 of 28 |
| Holdings | 55 | 15 of 28 |
| Durability | 81 | 5 of 28 |

## Top holdings

The fund holds 1854 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Jpmi Tax Free Mmktf Im | 7.83% |
| 2 | — | New York N Y Var 06/45 | 0.82% |
| 3 | — | Wichita Kans Gen 5% 10/27 | 0.71% |
| 4 | — | Washington St 5% 07/29 | 0.70% |
| 5 | — | Alaska Hsg Fin Var 12/41 | 0.68% |
| 6 | — | Minnesota St Gen 5% 08/27 | 0.61% |
| 7 | — | Hempstead N Y Un 4% 07/27 | 0.59% |
| 8 | — | New Hartford N Y 4% 06/27 | 0.57% |
| 9 | — | New Windsor N Y 4% 06/27 | 0.57% |
| 10 | — | Maryland St Var 07/55 | 0.56% |
| 11 | — | Newburgh N Y 4% 06/27 | 0.55% |
| 12 | — | Longmeadow Mass 4% 06/27 | 0.55% |
| 13 | — | Tarrant Cnty Var 11/47 | 0.54% |
| 14 | — | Bergen Cnty N J 4% 05/27 | 0.54% |
| 15 | — | District Var 06/51 | 0.53% |
| 16 | — | Hamilton Cnty 5% 12/26 | 0.53% |
| 17 | — | Tarrant Cnty Var 11/64 | 0.51% |
| 18 | — | Houston Tex Var 05/34 | 0.50% |
| 19 | — | New York N Y Var 05/47 | 0.50% |
| 20 | — | Massachusetts Var 03/48 | 0.50% |
| 21 | — | New York N Y Var 08/44 | 0.50% |
| 22 | — | Pennsylvania St Var 12/39 | 0.48% |
| 23 | — | Bristol Conn Gen 4% 11/26 | 0.47% |
| 24 | — | Parsippany-Troy 4% 10/26 | 0.45% |
| 25 | — | Jersey City N J 4% 04/27 | 0.45% |
| 26 | — | St Lucie Cnty Var 09/28 | 0.45% |
| 27 | — | Livingston Twp N 4% 12/26 | 0.45% |
| 28 | — | Hudson City Ohio 4% 12/26 | 0.44% |
| 29 | — | New York N Y Var 06/46 | 0.44% |
| 30 | — | Louisiana St Var 05/43 | 0.42% |

Source: etf.net, https://etf.net/etf/JMST. Please cite the page URL.