JPMorgan Sustainable Municipal Income ETF (JMSI)
ARCA ARCA Primary Summary
JMSI Chart
JPMorgan Sustainable Municipal Income ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Kevin Zemann WealthPlan Investment Management LLC | 9,202 | $457,799.5 | $459,685.91 | $1,886.41 | 0.41% |
| PIL PFG Investments LLC PFG Investments LLC | 10,660 | $536,979.29 | $531,720.8 | -$5,258.49 | -0.98% |
 Alexandra Stickelman Root Financial Partners, LLC | 13 | $647.46 | $648.44 | $0.98 | 0.15% |
 Christopher C. Powers Farther Finance Advisors, LLC | 6 | $299 | $299.28 | $0.28 | 0.09% |
 Ruth Thortvedt Financial Network Wealth Advisors LLC | 1,077 | $53,641.85 | $53,736.91 | $95.06 | 0.18% |
JPMorgan Sustainable Municipal Income ETF (JMSI) FAQ
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JPMorgan Sustainable Municipal Income ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is an investment vehicle that focuses on generating income through a diversified portfolio of municipal bonds, including specific sectors like municipal mortgage-backed and asset-backed securities. A key characteristic of the fund is its commitment to invest at least 80% of its assets in municipal bonds, with the goal of earning income that is exempt from federal income tax. This tax-efficient approach to investment is designed to appeal to investors seeking to maximize their after-tax return on investments, particularly those in higher tax brackets. The fund aims to maintain a balance between risk and return by diversifying its holdings across various types of municipal securities.
Products and Services
Municipal Bonds: These are the core investments of the fund, comprising at least 80% of its total assets. Municipal bonds are issued by state and local governments or their agencies to finance public projects like schools, highways, and infrastructure development. The primary appeal of these bonds to investors is the income they generate, which is usually exempt from federal income tax. This tax advantage can provide a favorable after-tax return compared to taxable securities, making them an attractive option for tax-sensitive investors.
Municipal Mortgage-Backed Securities (MMBS): As part of its diversified investment approach, the fund allocates a portion of its portfolio to MMBS. These securities are backed by mortgage loans issued by municipal entities. The income from MMBS is also typically exempt from federal income tax. Investing in MMBS allows the fund to participate in the housing sector indirectly while benefiting from the tax advantages associated with municipal debt instruments.
Asset-Backed Securities (ABS): The fund includes ABS in its investment portfolio, expanding its exposure to different sectors within the municipal bond market. ABS are financial securities backed by a pool of assets, such as loans, leases, credit card debt, royalties, or receivables. For the fund, focusing on municipal-related ABS means investing in securities supported by pools of assets that have a public purpose, combining potential risk-adjusted returns with the tax-exempt income feature of municipal securities.
Restricted Securities: The fund also invests in restricted securities, which are securities that cannot be sold freely in the public market without registration or without satisfying certain other conditions under U.S. securities laws. These investments include private placements or securities acquired in transactions not involving a public offering. Investing in restricted securities allows the fund to access potentially higher yields or unique investment opportunities that are not available through public markets, albeit with a higher risk and liquidity profile.
