JPMorgan Core Plus Bond ETF
As a matter of non-fundamental policy, the fund will ordinarily invest at least 80% of its assets in bonds. The fund's average weighted maturity will ordinarily range between five and twenty years. The balance of the fund's assets are not required to meet any minimum quality rating although the fund will not, under normal circumstances, invest more than 30% of its assets in below investment grade securities (or the unrated equivalent).
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$7.4B OVER THIS RANGE
Money keeps arriving — +$672M of net buying over the past month, about 4.7% of the fund's asset base, while the price has returned -2.0% so far this year. At 0.40% a year it is not the cheapest way in — XLE runs the same ground at 0.09%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | +0.4% |
| 1 month | -0.5% |
| 3 months | -0.1% |
| 6 months | -3.2% |
| YTD | -2.0% |
| 1 year | — |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | +$156M |
| 1 month | +$672M |
| 3 months | +$2.6B |
| YTD | +$5.4B |
| 1 year | +$7.4B |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat JCPB on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| STIP iShares 0-5 Year TIPS Bond ETF | 0.03% | $16B | +$288M | -37bp on fee · +$288M in over the month | Head-to-head |
| MBB iShares MBS ETF | 0.04% | $39B | +$26M | -36bp on fee · 3× the assets · +$26M in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.4B | +$520M | -36bp on fee · 2× the assets · +$520M in over the month | Head-to-head |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.04% | $18.7B | +$312M | -36bp on fee · +$312M in over the month | Head-to-head |
| MUB iShares National Muni Bond ETF | 0.05% | $45.8B | +$585M | -35bp on fee · 3× the assets · +$585M in over the month | Head-to-head |