JPMorgan Limited Duration Bond ETF
Actively managed U.S. bond ETF
As of its 2026 Q2 report, JPMorgan Limited Duration Bond ETF held 711 positions with $3.83B in net assets. Its ten largest holdings made up 13.6% of the fund. The JPLD share class costs 0.24% a year. Over the 12 months to May 2026, JPLD returned 4.9%, with dividends reinvested. In 2026 Q2 it added 102 new positions and exited 38.
The Fund seeks a high level of current income consistent with low volatility of principal.
The fund invests primarily in mortgage-backed securities, asset-backed securities, and related structured instruments issued or guaranteed by U.S. government agencies or non-governmental entities, selecting securities rated investment grade at purchase and managing portfolio duration to three years or less through active management and derivatives. The adviser applies value-oriented security selection based on risk-reward analysis of individual holdings and may allocate up to 25% of assets to sub-prime mortgage securities. Because the fund's performance depends on the adviser's selection of individual securities and market timing decisions, results may diverge from those of mortgage-backed security benchmarks.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
United States of America 3.63% · due 2027-08-31 | 2.07% | $79.32M | — |
United States of America 3.50% · due 2028-01-31 | 2.02% | $77.19M | — |
United States of America 3.75% · due 2027-06-30 | 1.60% | $61.26M | — |
United States of America 3.38% · due 2028-02-29 | 1.42% | $54.40M | — |
United States of America 3.50% · due 2029-01-15 | 1.42% | $54.21M | — |
JIMXXJPMorgan Prime Money Market Fund | 1.27% | $48.67M | — |
United States of America 3.38% · due 2027-11-30 | 1.17% | $44.61M | — |
Connecticut Avenue Securities Trust 4.61% floating · due 2044-07-25 | 1.02% | $39.18M | — |
Progress Residential Trust 3.85% · due 2042-10-17 | 0.79% | $30.39M | — |
FNMA 4.71% floating · due 2054-03-25 | 0.78% | $29.72M | — |
The 200 largest of 711 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 | 78.74% |
| Bonds | 19.47% |
| Cash & short-term | 1.46% |
| Derivatives | -0.03% |
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
JPLD share class · total returns with dividends reinvested
Volatility over the last 12 months: 1.23%. Past returns are a record, not a forecast.
Fees & fund details
JPMorgan Limited Duration Bond ETF is an actively managed U.S. bond ETF.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Investment grade
- Rate sensitivity
- Short duration
- Expense ratio, by class
- 0.24%· JPLD 0.24%
- Portfolio turnover
- 53.00% 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.
102 new· the largest 5
38 exited· the largest 8
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 | 70.4% |
| Floating rate | 29.4% |
| Zero-coupon or unclassified | 0.3% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.4% |
| 1-3y | 16.5% |
| 3-5y | 14.0% |
| 5-10y | 18.8% |
| 10y+ | 50.3% |
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 | 52% |
| Interest rates | 48% |
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 | +2.23 yr |
| High yield | +0.01 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 1 yr | 1.33 yr | 64% |
| 5 yr | 0.69 yr | 33% |
| 10 yr | 0.06 yr | 3% |
| 30 yr | 0.01 yr | 1% |
3 mo is NEGATIVE (-0.03 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.01 yr | 1% |
| 1 yr | 0.75 yr | 34% |
| 5 yr | 1.41 yr | 63% |
| 10 yr | 0.06 yr | 3% |
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 | -0.03 | +0.01 | +0.00 | $5.5k | $0 |
| 1 yr | +1.33 | +0.75 | +0.01 | $285.9k | $2.5k |
| 5 yr | +0.69 | +1.41 | +0.00 | $539.8k | $1.9k |
| 10 yr | +0.06 | +0.06 | +0.00 | $23.3k | $0 |
| 30 yr | +0.01 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
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