JPMorgan Mortgage-Backed Securities ETF
J.P. Morgan Exchange-Traded Fund Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2026 Q2
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.
| Share class | Gross | Net |
|---|---|---|
| JMTG | 0.37% | 0.24% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 46.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Securitized | 95.70% |
| Cash & short-term | 3.95% |
| Bonds | 3.73% |
| Derivatives | 0.03% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: FNMA/FHLMC ×2, FNMA ×3, United States of America, GNMA, BCAP LLC Trust
Largest exited: FNMA/FHLMC ×2, FNMA ×5, AMSR Trust
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
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.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| JIMXX | JPMorgan Prime Money Market FundJIMXX | 3.95% | $273.44M | — |
| — | FNMA/FHLMC5.00% · due 2056-06-25 | 2.17% | $150.10M | — |
| — | FNMA/FHLMC2.50% · due 2056-06-25 | 1.28% | $88.76M | — |
| — | United States of America3.63% · due 2043-08-15 | 1.19% | $82.52M | — |
| — | FNMA2.50% · due 2051-10-01 | 0.66% | $45.41M | — |
| — | FNMA1.85% floating · due 2035-07-25 | 0.59% | $40.93M | — |
| — | United States of America1.13% · due 2040-05-15 | 0.57% | $39.56M | — |
| — | FNMA1.21% floating · due 2030-12-25 | 0.53% | $36.42M | — |
| — | FNMA2.50% · due 2050-08-01 | 0.50% | $34.78M | — |
| — | United States of America4.13% · due 2036-02-15 | 0.49% | $33.85M | — |
Top 10 positions are 11.94% of net assets, top 25 16.80%, across 191 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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