JPMorgan High Yield Municipal ETF (JMHI)
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JMHI Chart
JMHI: A First Look At JPMorgan HY Muni ETF
Interest rates may drop if the FOMC cuts the Federal Funds Rate, making federal tax-free, long-duration investments like the JPMorgan High Yield Municipal ETF attractive. The JPMorgan High Yield Municipal ETF offers a 4.9% yield, invests in socially conscious municipal securities, and is exempt from federal income tax. The ETF has $175 million in AUM, charges 35bps in fees, and may invest up to 100% in below investment-grade securities for higher yields.
JPMorgan High Yield Municipal ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Kimberly Cappellano Private Wealth Asset Management LLC | 16,621 | $828,224 | $832,047.26 | $3,823.26 | 0.46% |
| KMT Kirk M. Tokheim Ameritas Advisory Services LLC | 5,828 | $292,852.8 | $291,691.4 | -$1,161.4 | -0.4% |
 Eugene Donato KENNEDY INVESTMENT GROUP | 7,733 | $366,808.73 | $387,461.96 | $20,653.23 | 5.63% |
 Christopher C. Powers Farther Finance Advisors, LLC | 7,000 | $353,990 | $350,349.99 | -$3,640.01 | -1.03% |
 Courtney Haddad Concurrent Investment Advisors, LLC | 17,211 | $857,624 | $861,238.44 | $3,614.44 | 0.42% |
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JPMorgan High Yield Municipal ETF Profile
| ARCA Exchange | US Country |
Overview
The described fund is a municipal bond fund that focuses on investing in a variety of municipal securities, which are notably designed to provide investors with income that is exempt from federal income tax. This tax-efficient investment strategy primarily targets securities that include a wide range of municipal bonds and notes, designed to cater to investors seeking to maximize their after-tax returns while maintaining a degree of liquidity. Such funds are crucial for those who are in higher tax brackets and wish to reduce their taxable income, offering a financially sound option to preserve capital while receiving steady income.
Products and Services
- Variable Rate Demand Obligations (VRDOs): VRDOs are a type of municipal security with a floating interest rate that can reset at specified periods. This feature provides investors with a degree of liquidity and typically lower interest rate risk compared to fixed-rate securities.
- Short-Term Municipal Notes: These instruments are issued by municipalities to finance short-term needs. They generally mature in one year or less and offer investors a quick, but modest return, exempt from federal income tax.
- Municipal Bonds: This broad category includes various types of issuances by municipalities, states, and other local government entities intended to fund public projects. Municipal bonds come in both general obligation and revenue bonds, offering long-term investment opportunities with tax-exempt income.
- Tax-Exempt Commercial Paper: Short-term obligations issued by municipalities, typically used for interim financing needs. These securities offer tax-exempt income and are often secured by future tax or revenue receipts.
- Private Activity and Industrial Development Bonds: Issued to finance private projects that serve a public purpose, such as hospitals or housing, these bonds offer tax-exempt income but might have alternative minimum tax implications for certain investors.
- Tax Anticipation Notes (TANs): Short-term municipal securities issued on the basis of anticipated tax receipts. TANs are typically used to manage cash flow needs of municipalities and are paid back once taxes are collected.
- Participations in Pools of Municipal Securities: This refers to investments in funds or consortia that collectively invest in municipal securities. Participating in such pools allows investors to diversify their holdings across different types of municipal securities, spreading out risk.
