JPMorgan Mortgage-Backed Securities ETF
JMTG
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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
- Jun 26, 2025
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan Mortgage-Backed Securities ETF (JMTG) is an actively managed exchange-traded fund that seeks to maximize total return through a diversified portfolio of investment-grade mortgage-backed securities and unrated securities of comparable quality. The fund invests at least 80% of its assets in mortgage-backed securities, including agency and non-agency residential and commercial mortgage-backed securities (MBS), collateralized mortgage obligations (CMOs), asset-backed securities, private placements, and zero-coupon securities; it also maintains allocations to money market instruments, Treasuries, and commercial MBS (CMBS), with sector exposures such as 73.1% agency mortgage, 11.2% CMBS, 9.3% non-agency mortgage, and 6.7% Treasury as of October 2025. Holdings number approximately 2,465, with an average duration of 5.60 years and credit quality predominantly AAA-rated at 82.3%, targeting institutional and retail investors seeking income and total return in the securitized bond market. Launched as an ETF on June 27, 2025, following the conversion of a predecessor mutual fund originally inceptioned in 2000, JMTG operates under J.P. Morgan Exchange-Traded Fund Trust and is sponsored by JPMorgan Asset Management, a division of JPMorgan Chase & Co. headquartered in New York. The conversion enhanced structural efficiency and liquidity, listing shares on NYSE Arca, while introducing expanded investment flexibility by adding private placements and zero-coupon securities and removing prior caps on subprime-related holdings. As of late 2025, assets under management reached $6.23 billion, with gross expenses of 0.37% and net expenses of 0.24% after waivers through June 30, 2025, and the fund has attracted significant institutional ownership from entities including JPMorgan Chase & Co., Bank of America, and HSBC Holdings. Portfolio managers include Richard Figuly (32 years experience), Michael Sais (38 years), Andy Melchiorre (17 years), and Sajjad Hussain (27 years), benchmarking against the Bloomberg U.S. MBS Index.