JPMorgan Ultra-Short Income ETF
J.P. Morgan Exchange-Traded Fund Trust · Series S000054790 · 1 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
The Fund seeks to provide current income while seeking to maintain a low volatility of principal.
The fund invests in investment-grade, U.S. dollar-denominated short-term debt securities including corporate bonds, asset-backed and mortgage-backed securities, and money market instruments, with more than 25% of assets concentrated in the banking industry under normal conditions. The adviser selects securities through fundamental analysis of income, interest rate risk, credit risk, and transaction structure, while maintaining a target duration of one year or less to limit price sensitivity to interest rate changes. The fund may also hold high-yield bonds, restricted securities, and sub-prime or collateralized loan obligations at the adviser's discretion. Because the fund is concentrated in banking, performance depends significantly on the credit quality and performance of that sector.
| Share class | Expense ratio |
|---|---|
| JPST | 0.18% |
Portfolio turnover 63.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 68.63% |
| Cash & short-term | 20.57% |
| Securitized | 10.34% |
| Derivatives | 0.00% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: United States of America ×2, Ventas Realty LP, National Bank of Canada, Energy Transfer LP, Royal Bank of Canada, Federation des Caisses Desjardins du Quebec, Bank of Nova Scotia
Largest exited: Commerzbank AG, Mitsubishi UFJ Trust & Banking Corp., Truist Bank, National Bank of Canada, Tampa Electric Co., Charles Schwab Corp. (The), Macquarie Bank Ltd., Genuine Parts Co.
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 | 54.8% |
| Floating rate | 45.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 27.0% |
| 1-3y | 59.4% |
| 3-5y | 6.9% |
| 5-10y | 5.9% |
| 10y+ | 0.8% |
Based on what filers reported; a filer that never reported a flag also reads as none.
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 | +0.99 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 | 0.13 yr | 15% |
| 1 yr | 0.53 yr | 63% |
| 5 yr | 0.18 yr | 22% |
| 10 yr | 0.00 yr | 0% |
| 3 mo | 0.07 yr | 7% |
| 1 yr | 0.87 yr | 88% |
| 5 yr | 0.05 yr | 5% |
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 | +0.13 | +0.07 | +0.00 | $277.0k | $0 |
| 1 yr | +0.53 | +0.87 | +0.00 | $3.35m | $0 |
| 5 yr | +0.18 | +0.05 | +0.00 | $179.1k | $0 |
| 10 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +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.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| MGMXX | JPMorgan U.S. Government Money Market FundMGMXX | 2.88% | $1.11B | — |
| — | United States of America3.38% · due 2028-02-29 | 2.31% | $887.95M | — |
| — | Wells Fargo Securities LLC | 1.15% | $440.00M | — |
| — | United States of America0.88% · due 2026-09-30 | 0.70% | $267.48M | — |
| — | Ventas Realty LP | 0.65% | $249.92M | — |
| — | Capital One Financial Corp.1.88% floating · due 2027-11-02 | 0.59% | $226.49M | — |
| — | National Bank of Canada | 0.59% | $226.22M | — |
| — | Athene Global Funding4.86% · due 2026-08-27 | 0.58% | $223.83M | — |
| — | First Abu Dhabi Bank PJSC | 0.58% | $222.47M | — |
| — | Energy Transfer LP | 0.58% | $221.93M | — |
Top 10 positions are 10.60% of net assets, top 25 17.75%, across 368 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.
Sign in free