JPMorgan Limited Duration Bond ETF
JPLD
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- J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) is an actively managed exchange-traded fund that seeks a high level of current income consistent with low volatility of principal by investing primarily in mortgage-backed securities, mortgage-related securities, asset-backed securities, money market instruments, and structured investments, including collateralized mortgage obligations, stripped mortgage-backed securities, commercial mortgage-backed securities, and mortgage pass-through securities; the portfolio features investment-grade fixed and floating rate debt securities denominated in U.S. dollars, with allocations to agency mortgage-backed securities (approximately 28%), asset-backed securities (25%), non-agency mortgage-backed securities (9%), commercial mortgage-backed securities (14%), collateralized loan obligations (8%), investment-grade credit (8%), and U.S. Treasuries (18%), maintaining an average duration of 1.86 years and average life of 2.91 years across 586 holdings. The fund targets institutional and retail investors seeking short-term bond exposure in the fixed income market, with a focus on securitized products rather than Treasuries or corporate bonds for enhanced yield and stable interest-rate sensitivity. JPLD operates in the United States fixed income markets, with shares listed on the Cboe BZX Exchange under ticker JPLD and CUSIP 46654Q773. The predecessor mutual fund launched on February 2, 1993, and converted to an ETF structure on July 28, 2023, with $1.01 billion in initial assets under management, preserving the identical investment objective and substantially similar strategies while transitioning from open-end mutual fund Class R6 shares to ETF shares listed on July 31, 2023; this conversion marked a significant strategic shift to improve liquidity, tax efficiency, and accessibility for investors. As of September 30, 2025, assets under management reached $2.91 billion, reflecting strong inflows of approximately $1.41 billion over the prior year amid favorable market conditions for short-duration securitized debt. The fund is managed by J.P. Morgan Asset Management, part of JPMorgan Chase & Co., headquartered in New York, with a portfolio management team including Michael Sais (38 years experience), Robert Manning (26 years), Sajjad Hussain (27 years), and Cary Fitzgerald (25 years), and it carries a Morningstar Gold Medalist Rating as of September 18, 2025, with net expense ratio of 0.24%. No recent acquisitions, partnerships, funding rounds, or product launches beyond the ETF conversion have been reported in the last two years.