JPMorgan Sustainable Municipal Income ETF
JMSI
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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
- Jul 17, 2023
- CIK
- 0001485894
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income ETF (JMSI) is an actively managed exchange-traded fund that seeks current income exempt from federal income taxes by investing primarily in a portfolio of sustainable municipal bonds, including municipal mortgage-backed securities and asset-backed securities; the fund emphasizes securities whose use-of-proceeds support positive social or environmental benefits, such as affordable housing, education, water and sewer infrastructure, healthcare, environmental projects, mass transit, and community development; under normal circumstances, at least 80% of its assets are invested in such tax-exempt municipal bonds with an average weighted maturity of 3 to 15 years. The fund operates within the municipal national intermediate category, targeting investors seeking tax-efficient income with a sustainability focus, and maintains a portfolio of approximately 235 holdings diversified across revenue bonds (82%), general obligation bonds (8.5%), and cash/prerefunded securities (9.5%), with credit quality skewed toward investment-grade ratings (AAA 22.5%, AA 42.5%, A 20%). It provides exposure to municipal issuers across U.S. states, with overweight positions in Florida, Tennessee, Michigan, the District of Columbia, and Oklahoma relative to its benchmark. J P Morgan Exchange-Traded Fund Trust, a statutory trust organized under Delaware law and sponsored by J.P. Morgan Investment Management Inc., serves as the issuer for JMSI and numerous other ETFs, with administrative operations c/o The Corporation Trust Company in Wilmington, Delaware, and affiliations tied to J.P. Morgan Chase & Co.'s headquarters at 270 Park Avenue, New York. JMSI commenced operations as an ETF on July 14, 2023, converting from a predecessor mutual fund launched in 1993, with net expenses of 0.18% and assets under management of $321.28 million as of September 30, 2025. In a significant recent development, the fund experienced a management team transition in February 2024, after which the new team delivered a 2.4% return through the subsequent 10 months, outperforming category peers (1.8%) and the Bloomberg US Municipal 1-15 Year Bond Index (1.2%). The broader J.P. Morgan ETF platform, including related municipal strategies, saw a major strategic expansion in October 2025 with the merger of the JPMorgan National Municipal Income Fund into the JPMorgan Municipal ETF (JMUB), creating the largest active municipal bond ETF in the U.S. at $5.8 billion in assets and elevating J.P. Morgan's total ETF assets above $250 billion. These changes reflect ongoing enhancements in operational efficiency, cost-effectiveness, and market scale within J.P. Morgan's fixed income and ETF offerings.