JPMorgan Income ETF
Actively managed U.S. bond ETF
As of its 2026 Q2 report, JPMorgan Income ETF held 2,509 positions with $9.10B in net assets. Its ten largest holdings made up 13.3% of the fund. The JPIE share class costs 0.39% a year. Over the 12 months to May 2026, JPIE returned 6.1%, with dividends reinvested. In 2026 Q2 it added 305 new positions and exited 203.
The Fund seeks to provide income with a secondary objective of capital appreciation.
The fund invests opportunistically across multiple debt markets and sectors, shifting allocations based on market conditions to seek income and capital appreciation; it maintains flexibility to concentrate in single strategies or diversify across high yield, emerging markets, mortgages, loans, and other fixed-income instruments. The adviser targets a duration of ten years or less and typically holds at least 35% investment-grade securities under normal conditions, though may exceed 65% in below-investment-grade debt to exploit opportunities. Because the fund's flexible asset allocation allows it to concentrate in a single strategy or type of investment, risk exposure from that strategy may become pronounced. The fund may invest significantly in mortgage-backed securities, sub-prime mortgages, and structured products including inverse floaters and collateralized mortgage obligations.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
JIMXXJPMorgan Prime Money Market Fund | 2.75% | $250.63M | — |
GNMA 5.50% · due 2055-12-20 | 2.18% | $198.37M | — |
GNMA 5.50% · due 2056-01-20 | 1.64% | $149.34M | — |
GNMA 6.00% · due 2056-04-20 | 1.46% | $132.46M | — |
FNMA 5.50% · due 2056-01-01 | 1.11% | $100.75M | — |
FHLMC Pool 6.00% · due 2055-11-01 | 0.90% | $81.50M | — |
GNMA 6.00% · due 2056-06-15 | 0.88% | $80.36M | — |
GNMA 4.50% · due 2056-06-15 | 0.88% | $79.63M | — |
FHLMC Pool 5.50% · due 2056-01-01 | 0.78% | $70.63M | — |
Citi Asset Receivables Trust I 25.54% · due 2032-05-20 | 0.74% | $67.54M | — |
The 200 largest of 2,509 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Securitized | 68.45% |
| Bonds | 19.59% |
| Cash & short-term | 2.79% |
| Loans | 0.39% |
| Stocks | 0.00% |
| Derivatives | -0.13% |
These positions come to 91.09% of net assets. Not everything a fund owns is reported as a holding — uninvested cash is collected at fund level instead — so the total is not expected to reach 100%.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
How it has done
JPIE share class · total returns with dividends reinvested
Volatility over the last 12 months: 1.71%. Past returns are a record, not a forecast.
Fees & fund details
JPMorgan Income ETF is an actively managed U.S. bond ETF.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Mixed credit
- Rate sensitivity
- Short duration
- Expense ratio, by class
- 0.39%· JPIE 0.39%
- Portfolio turnover
- 157.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
305 new· the largest 3
203 exited· the largest 2
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 67.6% |
| Floating rate | 31.5% |
| Zero-coupon or unclassified | 1.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.3% |
| 1-3y | 5.8% |
| 3-5y | 9.7% |
| 5-10y | 15.4% |
| 10y+ | 68.7% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 54% |
| Interest rates | 46% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +2.25 yr |
| High yield | +1.02 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.02 yr | 1% |
| 1 yr | 0.75 yr | 25% |
| 5 yr | 1.91 yr | 63% |
| 10 yr | 0.37 yr | 12% |
30 yr is NEGATIVE (-0.31 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 1 yr | 0.39 yr | 12% |
| 5 yr | 2.00 yr | 60% |
| 10 yr | 0.82 yr | 25% |
| 30 yr | 0.10 yr | 3% |
3 mo is NEGATIVE (-0.04 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.02 | -0.04 | +0.01 | -$40.8k | $6.6k |
| 1 yr | +0.75 | +0.18 | +0.21 | $166.9k | $188.4k |
| 5 yr | +1.91 | +1.50 | +0.50 | $1.36m | $451.9k |
| 10 yr | +0.37 | +0.57 | +0.25 | $514.4k | $227.4k |
| 30 yr | -0.31 | +0.05 | +0.05 | $42.1k | $49.5k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 2.74 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — JPIE, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”