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JTNY

GradeCNew York Stock Exchange Arca

JPMorgan New York Tax Free Bond ETF

Municipal Bond · J.P. Morgan · Inception 1997-01-01

$47.56−0.34 (−0.70%)

As of Sep 23, 2026, 2:12 PM EDT

History starts Jun 15, 2026.History starts Jun 15, 2026.History starts Jun 15, 2026.
Intraday session: down, 17 prints from 47.90 to 47.56. Range 47.56 to 47.98. Use the arrow keys to read each point.$47.70$47.80$47.90$48.0010 AM12 PM2 PM4 PM
Expense ratio
0.34%
Fund size
$438M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
227
Volume · 30D
0M sh
NAV per share
$48.02
52W range
low $47.02high $50.37

The ETF.net JTNY Grade

C

43/ 100

Rank 53 of 63 in Other Municipal Bond⁠

Confidence Medium

Six-pillar profile for JTNY. Scores out of 100: Cost 46, Risk 35, Mission not scored, Tradability 38, Holdings 43, Durability 75. Strongest: Durability (75). Weakest: Risk (35). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 43 of 100 sits in the C 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 46
    Category rank35/63 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 35
    Category rank55/62 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 38
    Category rank45/63 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 43
    Category rank46/63 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 75
    Category rank13/63 · top 21%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on JTNY

ETF.net Research

CMost muni ETFs buy the whole country. JTNY buys New York: income built to sidestep federal, state and city income tax, chosen by an active bond team instead of an index.

Stated mandate

The fund seeks federal tax-exempt income and capital preservation for New York residents through investments in municipal securities.

Why people hold it

  1. 01Triple-exempt by design: as a fundamental policy, at least 80% of assets go to New York munis whose interest is exempt from federal, NY State and NYC income tax, and free of individual AMT.sec.gov
  2. 02Actively run, not index-tracked. The strategy dates to 1997, and managers may put up to 20% of assets in below-investment-grade munis when they see value.sec.gov
  3. 03Single-state muni ETFs are thin on the ground. This one arrived as a mutual fund conversion, so it started with hundreds of millions in assets rather than from zero.am.jpmorgan.com

Worth knowing

  1. 01Active costs money: 0.34% a year, above the muni ETF median of 0.30% and far above broad national index funds like VTEB at 0.03% or MUB at 0.05%.
  2. 02Thinly traded, which can mean wider bid-ask spreads and more price impact on larger orders than a heavily traded national muni fund.
  3. 03One state's credit does the heavy lifting. The mandate also permits Puerto Rico and other US territory issuers, plus that 20% junk allowance.sec.govsec.gov

JTNY Holdings

As of Sep 21, 2026, 6:54 PM
Asset class
Bonds
Holdings
227
Top-10 weight
18%
Largest holding
JPMI TAX FREE MMKTF IM6.2%
The fund’s holdings, weight-ordered — page 1 of 16.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—JPMI TAX FREE MMKTF IM6.17%26,818,434$27M6
002—NEW YORK ST MTG VAR 04/471.84%8,000,000$8M2
003—NEW YORK ST HSG VAR 05/351.75%7,600,000$8M1
004—NEW YORK N Y VAR 06/491.38%6,000,000$6M2
005—NEW YORK N Y 5.5% 11/511.20%5,000,000$5M7
006—NEWBURGH N Y 4% 06/271.16%5,000,000$5M3
007—NEW WINDSOR N Y 4% 06/271.16%5,000,000$5M3
008—ALBANY N Y BD 4% 03/271.15%5,000,000$5M3
009—NEW YORK N Y 5% 08/361.01%4,000,000$4M3
010—NEW YORK ST 4% 03/441.01%5,000,000$4M6
011—NEW YORK ST MTG 6% 10/550.95%3,850,000$4M2
012—NEW YORK N Y 5% 07/340.94%4,000,000$4M3
013—NEW YORK ST TWY 5% 09/480.92%4,000,000$4M2
014—NEW YORK N Y 5.25% 12/310.91%3,900,000$4M3
015—NEW YORK ST 3.8% 08/320.90%4,000,000$4M3

Showing 1–15 of 227 holdings

JTNY Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

JTNY$9,615
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. JTNY $9,615. SPY $10,415. Use the arrow keys to read each point.$9,542$10,030$10,517Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

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.

Trailing total return for JTNY. Periods over one year show the average yearly return.
PeriodJTNY
Year to dateHistory unavailable—
1 month−2.3%
3 months−3.8%
1 yearHistory unavailable—
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per year

As of the close, 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 JTNY
YearReturn barJTNY
2026 YTD−3.6%

History from Jun 15, 2026

JTNY in the news

ETF.net Research hasn’t filed on JTNY yet — coverage lands here as it’s written.

JTNY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Jul 1, 2026 $0.15; Aug 3, 2026 $0.15; Sep 1, 2026 $0.15. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 3, 2026$0.15
Aug 3, 2026Aug 5, 2026$0.15
Jul 1, 2026Jul 6, 2026$0.15

JTNY Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
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.
—
No data available
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.
—
No data available
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.
0.00
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.

JTNY Cost

Expense ratio0.34%
  • The middle half of Other Municipal Bond funds
  • Median 0.30%

33 of the 62 Other Municipal Bond funds charge less.

JTNY costs $34.00 a year on $10,000. The median Other Municipal Bond fund costs $30.00.