JPST

JPMorgan Ultra-Short Income ETF

Actively managed ultra-short income ETF. One of the largest money market alternative ETFs. Minimal duration risk.

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Fixed IncomeTER 0.18%Dist.

TER

0.18%

AUM

$25B

CAGR

3.0%

Volatility

1.2%

Sharpe

-0.02

Max Drawdown

-1.6%

Data Range

2017-05 → 2026-04

Performance Analysis

Maximum Drawdown History

How far the ETF has fallen from its all-time high at each point. Deeper = more painful.

Current DD0.0%

Worst DD-1.6%

Worst date2020-03

Rolling Returns

Annualized returns over rolling windows. Shows the range of outcomes depending on when you invested.

Avg return2.7%

Best5.3%

Worst0.9%

% positive100%

72 periods

Key Facts

ISIN

US46641Q3327

Issuer

JPMorgan

Benchmark

ICE BofA 3-Month US Treasury Bill Index

Total Expense Ratio (TER)

0.18%

Assets Under Management

$25B approx.

Inception Date

2017-05-17

Domicile

United States

Legal Structure

Open-Ended Fund

Dividend Policy

Distributing (pays dividends)

Replication Method

Physical (Optimized Sampling)

UCITS Status

✗ Not UCITS

Fund Currency

USD

Primary Exchange

CBOE BZX

Number of Holdings

~700

Top 10 Holdings

Top 10 represent 22.3% of the fund.

CP-AJPMorgan Commercial Paper

3.50%

Financials

CP-BGoldman Sachs CP

3.00%

Financials

CD-ABank of America CD

2.80%

Financials

UST-3MUS Treasury Bill 2026

2.50%

Government

CP-CCitigroup CP

2.20%

Financials

FRN-AApple FRN 2026

2.00%

Technology

CP-DWells Fargo CP

1.80%

Financials

CD-BMorgan Stanley CD

1.60%

Financials

REPOUS Gov Repo

1.50%

Government

CP-EUBS CP

1.40%

Financials

Sector Breakdown

Financials

55%

Government

20%

Technology

Corporate

10%

Other

10%

Source: Official issuer data · Last updated: 2026-05-12

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Who Is This ETF For?

✓Portfolio stabilizer and income generator. Reduces overall portfolio volatility when paired with equities.

Key Risks to Consider

• Interest rate risk: bond prices fall when rates rise.

• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

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Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: Yahoo Finance (adjusted close), JPMorgan (metadata)Last verified: 2026-04-17

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💬 Frequently Asked Questions

Actively managed ultra-short income ETF. One of the largest money market alternative ETFs. Minimal duration risk.

JPST has a total expense ratio (TER) of 0.18%, which means you pay $18 per year for every $10,000 invested.

Yes, JPST is a distributing ETF that pays dividends to shareholders. The frequency depends on the fund's schedule.

JPST is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).

JPST uses optimized sampling, holding a representative subset of the ICE BofA 3-Month US Treasury Bill Index index to minimize costs while closely tracking performance.