JMSTJPMorgan Ultra-Short Municipal Income ETF
Factor & Specialty ETF · JPMorgan
Holdings as of May 31, 2026
JMST is a Factor & Specialty ETF from JPMorgan holding 1799 positions as of May 31, 2026, with $7.1B in assets and a 0.18% net expense ratio. Its largest positions are State of Washington, Various Purpose, Series R-2026A (0.9%), State of Minnesota, Various Purpose, Series 2025D (0.8%) and Township of Woodbridge (0.7%); the top 10 holdings account for 6.6% of the portfolio. It yields 2.61% on a trailing-12-month basis.
- Issuer
- JPMorgan
- Holdings
- 179931.2% cash, collateral & derivative positions excluded
- Net Assets
- $7.1BETF assets as of 2026-08-10
- Expense Ratio
- 0.18%per latest SEC prospectus filing
- TTM Yield
- 2.61%trailing 12-month distributions
Performance
- 1M
- +0.2%
- YTD
- +1.4%
- 1Y
- +2.5%
- 3Y (ann.)
- +3.4%
- 5Y (ann.)
- +2.3%
- 10Y (ann.)
- —
A $10,000 investment 5 years ago would be worth $11,226 today at the 5Y annualized rate. This is a backward-looking illustration, not a forecast. Project its future growth →
Total returns including dividends as of 2026-08-07. 3Y/5Y/10Y annualized. Past performance does not predict future results.
Top 25 Holdings
| # | Holding | Weight |
|---|---|---|
| 1 | State of Washington, Various Purpose, Series R-2026A | 0.90% |
| 2 | State of Minnesota, Various Purpose, Series 2025D | 0.78% |
| 3 | Township of Woodbridge | 0.71% |
| 4 | Bergen County Improvement Authority (The), Guaranteed Government Pooled Project, Series 2026A | 0.68% |
| 5 | County of Hamilton Sales Tax, Series 2025 | 0.66% |
| 6 | City of Bristol | 0.59% |
| 7 | Township of Hamilton, Series 2025B | 0.58% |
| 8 | Township of Parsippany-Troy Hills, Series 2025 | 0.57% |
| 9 | Jersey City Municipal Utilities Authority, Water Project, Series 2026A | 0.57% |
| 10 | Township of Livingston, Series 2025 | 0.56% |
| 11 | City of Hudson, Limited Tax, Series 2025 | 0.56% |
| 12 | State of Connecticut Special Tax, Transportation Infrastructure Purpose, Series 2025A | 0.53% |
| 13 | Borough of Carteret, Series 2026 | 0.53% |
| 14 | Maine School Administrative District No. 51, Series 2025B | 0.51% |
| 15 | City of Albany, Series 2026 | 0.51% |
| 16 | Township of Teaneck, Series 2025 | 0.50% |
| 17 | Clark County School District, Limited Tax, Series 2025B | 0.49% |
| 18 | Spartanburg County School District No. 7, Series 2025 | 0.49% |
| 19 | Bristol Warren Regional School District, Series 2026 - 2 | 0.48% |
| 20 | Township of Cherry Hill, Series 2025 | 0.47% |
| 21 | City of Jersey City, Series 2025C | 0.42% |
| 22 | City of Huber Heights, Various Purpose, Series 2025 | 0.41% |
| 23 | Township of Edison, Series 2025 | 0.41% |
| 24 | Enlarged City School District of the City of Troy, Series 2026 | 0.41% |
| 25 | Township of West Windsor | 0.41% |
Showing the top 25 of 1799 holdings. See the full JMST holdings list →
JMST alternatives
The closest Factor & Specialty ETFs to JMST by portfolio overlap — the share of weight both funds hold in the same securities.
| Fund | Overlap | Expense | Assets | |
|---|---|---|---|---|
 JMUBJPMorgan Municipal ETF | 2% | 0.18% | $8.4B | Compare → |
 CGMUCapital Group Municipal Income ETF | 0% | 0.27%pricier | $6.4B | Compare → |
 FMBFirst Trust Managed Municipal ETF | 0% | 0.39%pricier | $2.0B | Compare → |
 HYDVanEck High Yield Muni ETF | 0% | 0.32%pricier | $4.4B | Compare → |
Frequently Asked Questions
What is JMST's expense ratio?
JMST has a net expense ratio of 0.18%, per its latest SEC prospectus filing. That works out to about $18 a year on a $10,000 investment.
How many holdings does JMST have?
JMST held 1799 positions as of May 31, 2026, per its latest official holdings data. Cash, collateral and derivative positions (31.2% of portfolio weight) are excluded from that count.
What are JMST's top 10 holdings?
JMST's largest positions are State of Washington, Various Purpose, Series R-2026A (0.9%), State of Minnesota, Various Purpose, Series 2025D (0.8%), Township of Woodbridge (0.7%), Bergen County Improvement Authority (The), Guaranteed Government Pooled Project, Series 2026A (0.7%), County of Hamilton Sales Tax, Series 2025 (0.7%), City of Bristol (0.6%), Township of Hamilton, Series 2025B (0.6%), Township of Parsippany-Troy Hills, Series 2025 (0.6%), Jersey City Municipal Utilities Authority, Water Project, Series 2026A (0.6%), Township of Livingston, Series 2025 (0.6%). Together they account for 6.6% of the portfolio.
What is JMST's dividend yield?
JMST yields 2.61% based on its trailing 12-month distributions, as of Aug 7, 2026.
How big is JMST?
JMST has $7.1B in assets as of Aug 10, 2026.
What are good alternatives to JMST?
By portfolio overlap, the closest Factor & Specialty ETFs to JMST are JMUB (2% overlap), CGMU (0% overlap), FMB (0% overlap). Overlap measures the share of portfolio weight both funds hold in the same securities.