JPMorgan Mortgage-Backed Securities ETF
Actively managed U.S. bond ETF
As of its 2026 Q2 report, JPMorgan Mortgage-Backed Securities ETF held 2,557 positions with $6.92B in net assets. Its ten largest holdings made up 11.9% of the fund. The JMTG share class costs 0.24% a year. Over the 12 months to May 2026, JMTG returned 6.3%, with dividends reinvested. In 2026 Q2 it added 97 new positions and exited 37.
The Fund seeks to maximize total return by investing primarily in a diversified portfolio of debt securities backed by pools of residential and/or commercial mortgages.
The fund invests primarily in investment-grade mortgage-backed securities, including agency pass-through securities, collateralized mortgage obligations, and asset-backed securities backed by home equity loans, with the adviser selecting securities through fundamental credit and duration analysis. The fund maintains at least 65% of assets in bonds and targets a weighted average life between two and ten years, though it may lengthen or shorten this range for defensive purposes. Because security selection depends on the adviser's assessment of individual issuers and market conditions, fund performance will diverge from any mortgage-backed securities benchmark.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
JIMXXJPMorgan Prime Money Market Fund | 3.95% | $273.44M | — |
FNMA/FHLMC 5.00% · due 2056-06-25 | 2.17% | $150.10M | — |
FNMA/FHLMC 2.50% · due 2056-06-25 | 1.28% | $88.76M | — |
United States of America 3.63% · due 2043-08-15 | 1.19% | $82.52M | — |
FNMA 2.50% · due 2051-10-01 | 0.66% | $45.41M | — |
FNMA 1.85% floating · due 2035-07-25 | 0.59% | $40.93M | — |
United States of America 1.13% · due 2040-05-15 | 0.57% | $39.56M | — |
FNMA 1.21% floating · due 2030-12-25 | 0.53% | $36.42M | — |
FNMA 2.50% · due 2050-08-01 | 0.50% | $34.78M | — |
United States of America 4.13% · due 2036-02-15 | 0.49% | $33.85M | — |
The 200 largest of 2,557 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 | 95.70% |
| Cash & short-term | 3.95% |
| Bonds | 3.73% |
| Derivatives | 0.03% |
Derivatives are shown at market value, not notional exposure.
How it has done
JMTG share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.32%. Past returns are a record, not a forecast.
Fees & fund details
JPMorgan Mortgage-Backed Securities 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
- Intermediate duration
- Expense ratio, by class
- 0.24%· JMTG 0.24%
- Portfolio turnover
- 46.00% 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.
97 new· the largest 5
37 exited· the largest 3
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 | 76.2% |
| Floating rate | 22.5% |
| Zero-coupon or unclassified | 1.3% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.9% |
| 1-3y | 2.0% |
| 3-5y | 4.0% |
| 5-10y | 13.2% |
| 10y+ | 78.9% |
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
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
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.
| Interest rates | 55% |
| Credit spreads | 45% |
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 | +4.43 yr |
| High yield | +0.06 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 | 0.01 yr | 0% |
| 1 yr | 0.53 yr | 10% |
| 5 yr | 1.81 yr | 33% |
| 10 yr | 2.46 yr | 44% |
| 30 yr | 0.75 yr | 14% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.24 yr | 5% |
| 5 yr | 2.20 yr | 49% |
| 10 yr | 2.05 yr | 46% |
| 30 yr | 0.00 yr | 0% |
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 | +0.01 | +0.00 | +0.00 | $2.5k | $0 |
| 1 yr | +0.53 | +0.21 | +0.03 | $148.2k | $17.4k |
| 5 yr | +1.81 | +2.17 | +0.03 | $1.50m | $21.3k |
| 10 yr | +2.46 | +2.05 | +0.00 | $1.42m | $2.5k |
| 30 yr | +0.75 | +0.00 | +0.00 | $0 | $90 |
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.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — JMTG, 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?”