JPMorgan Municipal ETF
Under normal circumstances, the fund invests at least 80% of its assets in municipal securities, the income from which is exempt from federal income tax. The fund may invest in debt securities issued by governmental entities, certain issuers identified with the U.S. government and private issuers. It may invest in municipal mortgage-backed and asset-backed securities.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$5.5B OVER THIS RANGE
Money keeps arriving — +$478M of net buying over the past month, about 5.5% of the fund's asset base, while the price has returned -1.7% so far this year. At 0.18% a year it is not the cheapest way in — ITDG runs the same ground at 0.11%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | -0.5% |
| 1 month | +0.1% |
| 3 months | -0.6% |
| 6 months | -2.7% |
| YTD | -1.7% |
| 1 year | +0.4% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | +$290M |
| 1 month | +$478M |
| 3 months | +$1.2B |
| YTD | +$2.4B |
| 1 year | +$5.5B |
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 JMUB 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 | -15bp on fee · 2× the assets · +$288M in over the month | Head-to-head |
| MBB iShares MBS ETF | 0.04% | $39B | +$26M | -14bp on fee · 4× the assets · +$26M in over the month | Head-to-head |
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $128.4B | +$547M | -13bp on fee · 15× the assets · +$547M in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.4B | +$520M | -14bp on fee · 3× 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 | -14bp on fee · 2× the assets · +$312M in over the month | Head-to-head |