JPMorgan Ultra-Short Income ETF
Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in investment grade, U.S. dollar denominated short-term fixed, variable and floating rate debt. "Assets" means net assets, plus the amount of borrowings for investment purposes. As part of its principal investment strategy, it may invest in corporate securities, asset-backed securities, mortgage-backed and mortgage-related securities, and high quality money market instruments such as commercial paper and certificates of deposit.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1M SHOWN · NET +$796M OVER THIS RANGE
Money keeps arriving — +$796M of net buying over the past month, about 1.9% of the fund's asset base, while the price has returned -0.2% so far this year. At 0.18% a year it is not the cheapest way in — IJH runs the same ground at 0.05%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | +0.0% |
| 1 month | +0.1% |
| 3 months | 0.0% |
| 6 months | -0.4% |
| YTD | -0.2% |
| 1 year | -0.3% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | +$291M |
| 1 month | +$796M |
| 3 months | +$2.8B |
| YTD | +$5.5B |
| 1 year | +$8B |
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 JPST 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 | |
|---|---|---|---|---|---|
| DIVB iShares U.S. Dividend and Buyback ETF | 0.05% | $1.9B | +$136M | -13bp on fee · +$136M in over the month | Head-to-head |
| HDV iShares Core High Dividend ETF | 0.08% | $15.1B | +$209M | -10bp on fee · +$209M in over the month | Head-to-head |
| SCHD Schwab U.S. Dividend Equity ETF | 0.06% | $60.6B | — | -12bp on fee | Head-to-head |
| VYM Vanguard High Dividend Yield Index Fund | 0.06% | $58.1B | — | -12bp on fee | Head-to-head |
| DGRO iShares Core Dividend Growth ETF | 0.08% | $43.6B | −$50M | -10bp on fee | Head-to-head |