JPMorgan Active High Yield ETF
$49.25−0.34 (−0.68%)
- Expense ratio
- 0.45%
- Fund size
- $2.2B
- 1Y return
- +3.5%
- Yield · Last 12 months
- 6.46%
- Holdings
- 564
- Volume · 30D
- 0M sh
- NAV per share
- $49.44
- 52W range
The ETF.net JPHY Grade
Score 59 of 100 sits in the B 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.CScore 45Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 93Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 62Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 34Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 56Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 59Category rank
Our read on JPHY
BBorn big. JPMorgan's active junk-bond fund opened in June 2025 with a $2 billion anchor investment, billed as the largest active ETF launch to date. Bottom-up credit picking across roughly 500 bonds, income paid monthly.
The fund is designed to provide a high level of income, with capital appreciation as a secondary objective. It invests primarily in diversified below-investment-grade debt and applies bottom-up fundamental credit analysis through an active approach.
Why people hold it
- Launched June 2025 with a $2 billion anchor investment from a single institutional client, so it skipped the thin, fragile first act most new funds live through.am.jpmorgan.com
- Analysts pick bonds one at a time, with at least 80% of assets in below-investment-grade debt, measured against the ICE BofA US High Yield Constrained Index.am.jpmorgan.com
- Holdings match the high-yield mandate on the tin, spread across roughly 500 issues, and income goes out monthly rather than quarterly.
- Grades out in the upper half of a crowded high-yield ETF field.
Worth knowing
- At 0.45% a year it costs more than index trackers on the same benchmark (USHY runs 0.08%), so the credit team has to add value to close that gap.
- Volume is light next to the category's giants, so bid-ask spreads can matter more, particularly on large or fast orders.
- The record starts in June 2025, which is not much history to judge the process against a full credit cycle.
JPHY Holdings
- Bonds
- 564
- 12%
- JPMORGAN U.S. GOVERNMENT
Geography
- United States91.56%
- Canada2.73%
- Liberia1.28%
- Ireland0.89%
- United Kingdom0.86%
- France0.68%
- Netherlands0.49%
- Bermuda0.37%
- 1.14%
JPHY 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 | JPHY |
|---|---|
| Year to date | +2.2% |
| 1 month | −0.5% |
| 3 months | −0.0% |
| 1 year | +3.5% |
| 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 | JPHY |
|---|---|---|
| 2026 YTD | +2.2% | |
| 2025 | +4.0% |
JPHY in the news
ETF.net Research hasn’t filed on JPHY yet — coverage lands here as it’s written.
JPHY Dividends
- 6.46%
- $3.20
- $0.28 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 3, 2026 | $0.28 |
| Aug 3, 2026 | Aug 5, 2026 | $0.27 |
| Jul 1, 2026 | Jul 6, 2026 | $0.27 |
| Jun 1, 2026 | Jun 3, 2026 | $0.26 |
| May 1, 2026 | May 5, 2026 | $0.26 |
| Apr 1, 2026 | Apr 6, 2026 | $0.26 |
| Mar 2, 2026 | Mar 4, 2026 | $0.26 |
| Feb 2, 2026 | Feb 4, 2026 | $0.26 |
| Dec 31, 2025 | Jan 5, 2026 | $0.26 |
| Dec 15, 2025 | Dec 17, 2025 | $0.04 |
| Dec 1, 2025 | Dec 3, 2025 | $0.26 |
| Nov 3, 2025 | Nov 5, 2025 | $0.26 |
JPHY Risk
- 1.9%
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.
- 0.85
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.
- −1.6%
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.
- 0.12
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JPHY Cost
- The middle half of US High Yield funds
- Median 0.43%
43 of the 84 US High Yield funds charge less.