JPMorgan Active Bond ETF
JBND
New York Stock Exchange- -
USD
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- -
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 383 Madison Avenue New York NY United States of America 10179
- IPO Date
- Oct 12, 2023
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan Active Bond ETF (JBND) is an actively managed exchange-traded fund that seeks total return from a diversified portfolio of U.S. dollar-denominated investment-grade bonds, with a focus on intermediate-term, high-quality securities across multiple sectors; it invests primarily in U.S. Treasuries and futures (approximately 40%), agency mortgage-backed securities (MBS, around 28%), investment-grade corporate bonds (13-15%), asset-backed securities (10%), commercial MBS (10%), non-agency MBS (5%), and smaller allocations to non-corporate credit and cash equivalents. The fund emphasizes securitized bonds, employs a value-driven security selection process supported by dedicated credit analysts, and maintains set minimum and maximum sector allocations to manage risk, targeting securities with average weighted maturities between 4 and 12 years, an effective duration of about 6.24 years, and holdings exceeding 1,100 issues rated predominantly AAA (64%), AA (5%), A (13%), and BBB (16%). JBND benchmarks its performance against the Bloomberg U.S. Aggregate Bond Index while aiming to outperform through active management by a team including portfolio managers Richard Figuly (32 years experience), Justin Rucker (26 years), Andrew Melchiorre (17 years), and Edward Fitzpatrick (26 years). Launched on October 11, 2023, and domiciled in the United States with shares listed on NYSE Arca under ticker JBND (CUSIP 46654Q716), the ETF is issued by J.P. Morgan Exchange-Traded Fund Trust and managed by J.P. Morgan Investment Management Inc., a subsidiary of JPMorgan Chase & Co., headquartered in New York; as of late 2025, it manages approximately $2.9-3.4 billion in assets under management with a net expense ratio of 0.25%, monthly dividend distributions yielding around 4.4-4.5% (30-day SEC yield 4.49% as of August 2025), and a gross yield to maturity of 4.88%. Recent developments include sustained asset growth to nearly $3 billion amid strong inflows into active fixed-income strategies, a dividend increase to $0.2093 per share declared in May 2025 payable on May 5 reflecting portfolio rebalancing toward U.S. investment-grade bonds from European exposure amid shifting yield spreads and monetary policy volatility, and a Morningstar Silver Medalist Rating affirmed as of July 31, 2025, highlighting above-average process quality and high portfolio manager retention; in Q1-Q2 2025, the fund demonstrated lower realized volatility and superior risk-adjusted returns relative to its benchmark, supported by tactical allocation shifts and 89% turnover, while J.P. Morgan Asset Management announced plans in December 2025 to convert select U.S. mutual funds to ETFs in 2026, expanding its active ETF offerings.