J.P. MorganBonds & CashMunicipal#392 of 786 by YTD

JPMorgan Municipal ETFJMUB

1D 1M 3M YTD 1Y 3Y 5Y MAX

S&P 500 Compare

$49.40+0.1%

+$0.05 · Nov 6 close

Buy

AUM: $9.2B
Fee: 0.18%
Yield: 3.8%

Bumpy · 1Y: 0.3×S&P
Volume: 2.4M
NAV: $49.40

What's insideAll 2,213 →

JPMI TAX FREE MMKTF IM 2.9%BLACK BELT 5.5% 04/36 0.7%BLACK BELT 5% 12/34 0.6%ALABAMA TOLL RD 5% 10/32 0.6%

52-week range4% below the high

$47.20$51.34

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.1%	+4.6%	+0.1%	+0.9%	+1.4%	+15.1%	+6.2%	+25.0%
Peer average	+0.2%	+4.2%	−0.2%	+1.1%	+1.5%	+15.2%	+3.0%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

JMUB in One Breath

JMUB Among Municipal ETFs

YTD

#1MMMANY Life Investments+3.5%$60.0M

#2TAXTFlexShares+2.7%$198M

#3MYMGSPDR+2.4%$8.6M

#4INMUiShares+2.4%$814M

#5SMMUPIMCO+2.3%$1.3B

#6SHYMiShares+2.3%$931M

#7TMNLT. Rowe Price+2.2%$24.7M

#8MMSDNY Life Investments+2.2%$88.0M

#90JMUBJ.P. Morgan+0.9%$9.2B

End-of-day Nov 8, 2026 · 141 Municipal ETFs by YTD

$10,000 in JMUB

$10,000 in JMUB became

$10,619

In the S&P 500 (VOO)

$17,177

Total return, dividends in · Oct 29, 2021 – Nov 6, 2026 · S&P 500 uses VOO

JMUB’s Top Holdings

Today

JPMI TAX FREE Jpmi Tax Free Mmktf Im2.9%BLACK BELT 50.7%BLACK BELT 50.6%ALABAMA TOLL0.6%ILLINOIS FIN0.6%STAFFORD TWP0.6%BUCKEYE OHIO0.5%PUERTO RICO 0.5%CALIFORNIA 50.5%DISTRICT 5% 0.5%TEXAS TRANSN0.5%BLACK BELT V0.5%PUERTO RICO 0.5%CONNECTICUT 0.4%CALIFORNIA C0.4%KENTUCKY INC0.4%MAIN STR NAT0.4%LONG IS PWR 0.4%TEXAS TRANSN0.4%TOBACCO 5% 00.3%MAIN STR NAT0.3%BAY SHORE N 0.3%

J.P. Morgan JMUB · 2,212 holdings · top 22 shown · tile size = share of the fund · as of Nov 6, 2026

What JMUB Holds

Today

All holdings100.0%

JPMI TAX F 2.9 · BLACK BELT · BLACK BELT · ALABAMA TO · ILLINOIS F · STAFFORD T · BUCKEYE OH

J.P. Morgan JMUB · share of the fund · as of Nov 6, 2026

Jpmi’s Share of JMUB

Today

2.9%

$29 of every $1,000 in JMUB is Jpmi

Jpmi held by JMUB

$268M

J.P. Morgan JMUB · each square = $10 of $1,000 · as of Nov 6, 2026

JMUB’s Share of Municipal ETFs

Today

3.7%

of the $247B in 166 Municipal ETFs

JMUB$9.2B3.7%

MUB$55.0B22.3%

VTEB$49.6B20.1%

163 others$133B53.8%

Municipal ETF AUM · Nov 8, 2026

JMUB Fee per $100 vs Peers

Today

$0.18a year
per $100

$18 a year on $10,000

VTEB$0.03

MUB$0.05

SUB$0.07

CMF$0.08

JMUB$0.18

CGMU$0.27

Expense ratio · Municipal peers · Nov 8, 2026

Inside JMUB

2,212 holdings · as of Nov 6, 2026

JMUB

JPMorgan Municipal ETF

Today

All holdings100.0%2,198 more holdings90.3% of the fund

All holdings100.0%2,206 more holdings94.1% of the fund

#	Ticker	Company	Weight ▼
1	—	Jpmi TAX Free Mmktf IM	2.90%
2	—	Black Belt 5.5% 04/36	0.69%
3	—	Black Belt 5% 12/34	0.58%
4	—	Alabama Toll RD 5% 10/32	0.57%
5	—	Illinois FIN VAR 07/55	0.56%
6	—	Stafford TWP N J 5% 10/27	0.55%
7	—	Buckeye Ohio TOB 5% 06/55	0.53%
8	—	Puerto Rico 4.329% 07/40	0.52%
9	—	California 5.25% 02/36	0.50%
10	—	District 5% 06/49	0.47%

See all 2,213 holdings ↓

J.P. Morgan JMUB · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 12.0%

All JMUB Holdings

2,213 holdings · as of Nov 6, 2026

JMUB

JMUB’s Holdings

Today

#
1	—Jpmi TAX Free Mmktf IM	2.90%	$289.92	268.2M	$268.3M
2	—Black Belt 5.5% 04/36	0.69%	$69.10	58.8M	$63.9M
3	—Black Belt 5% 12/34	0.58%	$58.41	52.3M	$54.0M
4	—Alabama Toll RD 5% 10/32	0.57%	$57.50	50.0M	$53.2M
5	—Stafford TWP N J 5% 10/27	0.55%	$55.11	50.0M	$51.0M
6	—Buckeye Ohio TOB 5% 06/55	0.53%	$53.03	66.8M	$49.1M
7	—Puerto Rico 4.329% 07/40	0.52%	$52.17	50.1M	$48.3M
8	—California 5.25% 02/36	0.50%	$49.96	43.5M	$46.2M
9	—District 5% 06/49	0.47%	$46.71	42.0M	$43.2M
10	—Texas Transn 5% 10/42	0.46%	$46.45	40.0M	$43.0M
11	—Black Belt VAR 03/55	0.46%	$46.11	40.8M	$42.7M
12	—Puerto Rico 5% 07/58	0.45%	$45.39	44.5M	$42.0M
13	—Connecticut ST VAR 07/60	0.43%	$43.23	40.0M	$40.0M
14	—California Cmnty 5% 09/40	0.41%	$40.88	37.3M	$37.8M
15	—Kentucky KY 5% 06/34	0.40%	$40.10	35.9M	$37.1M

J.P. Morgan JMUB · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

JMUB

JPMorgan Municipal ETF’s Peers


MUB	iSharesRead Desk	0.05%	+0.9%	+0.5%	$55.0B
VTEB	VanguardRead Desk	0.03%	+1.3%	+0.7%	$49.6B
SUB	iSharesRead Desk	0.07%	+2.5%	+1.6%	$13.4B
JMUB	J.P. MorganThis fundRead Desk	0.18%	+1.4%	+0.9%	$9.2B
CGMU	Capital GroupRead Desk	0.27%	+2.0%	+1.3%	$7.6B
CMF	iSharesRead Desk	0.08%	+1.2%	+0.4%	$5.5B

Municipal peers · Past-year and ytd returns · as of Nov 8, 2026 · sorted by AUM

Head to Head

Put JMUB head to head with MUB →

MUB vs JMUB

YTD

MUBiShares · MunicipalJMUBJ.P. Morgan · Municipal

Year to date

+0.5%

+0.9%

JMUB wins+0.4 pts

Past year

+0.9%

+1.4%

JMUB wins+0.5 pts

Fee

0.05%

0.18%

MUB winslower fee

Yield

3.3%

3.8%

JMUB wins+0.5 pts

AUM

$55.0B

$9.2B

MUB6.0× more

3–1JMUB wins

iShares MUB and J.P. Morgan JMUB · year-to-date · as of Nov 8, 2026 · AUM not scored

JMUB vs VOO

JMUB · JPMorgan Municipal

+1.4%

VOO · S&P 500

+9.8%

Gap

8.4 pts

J.P. Morgan JMUB and Vanguard VOO · 1Y total return · as of Nov 8, 2026

JMUB vs Its Peer Average

YTD

JMUBAvsBPeer average

1D+0.1%+0.2%

1M+4.6%+4.2%

3M+0.1%−0.2%

YTD+0.9%+1.1%

1Y+1.4%+1.5%

3Y+15.1%+15.2%

5Y+6.2%+3.0%

3–4Peer average wins

165 Municipal peers · each row scaled to its leader

How Bumpy Is JMUB?

View

JMUB

How Bumpy

0.3×the S&P 500’s swings

CalmerBumpierS&P 1×JMUB

Calm rank among 7 municipal funds#3

Other municipal funds0.1× to 0.3×

J.P. Morgan JMUB · daily swings over the past year vs the S&P 500

JMUB

Worst Drop

−5.9%from its Jul 6 high

Still below the high−1.1%

$10,000 at the high is now$9,890

J.P. Morgan JMUB · fall from the highest close, past year

JMUB

On a Bad Day

0.1×the S&P 500’s fall

JMUB’s worst day: Wednesday, Sep 23

JMUB

−0.7%

S&P 500

−0.7%

Up days55 of every 100

S&P 500 up days52 of every 100

J.P. Morgan JMUB · average move on days the S&P 500 fell

JMUB

Return for the Bumps

1Y#5 of 7 municipal funds

#1HYDVanEck

closest to cash

#2CGMUCapital Group

#3VTEBVanguard

#4MUBiShares

#5JMUBJ.P. Morgan

#6CMFiShares

#7SUBiShares

Every fund here earned less than cash (3.8%) over the past year; the bars still rank them by return for the bumps.

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

JMUB

Cost

Today

$18a year per $10,000

VTEB

MUB

SUB

CMF

JMUB

$18

CGMU

$27

HYD

$32

Expense ratio 0.18%, taken from the fund’s value

JMUB

Volatility & Beta

3.4%annual volatility

S&P 500 volatility13.6%

Downside volatility2.5%

Beta vs SPY0.06

Correlation vs SPY0.24

Beta rank, lowest first, of 7#3

Daily total returns × √252 · past 254 trading days

JMUB

Max Drawdown

−5.9%peak to trough

Peak closeJul 6, 2026

Current drawdown−1.1%

Worst day−0.75% · Sep 23

Closing prices, dividends in

JMUB

Up / Down Capture

10%down capture vs SPY

Down days

10%

Up days

10%

S&P 500

100%

Up ÷ down capture1.06

Up days55.1% (S&P 52.0%)

Average daily move on SPY up days and down days

JMUB

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
HYD	−0.36	−0.52	4.7%	−6.9%	0.10	$32
CGMU	−0.62	−0.84	3.0%	−5.6%	0.05	$27
VTEB	−0.69	−0.95	3.6%	−6.6%	0.07	$3
MUB	−0.71	−0.98	3.7%	−6.3%	0.08	$5
JMUB	−0.71	−0.97	3.4%	−5.9%	0.06	$18
CMF	−0.76	−1.02	3.6%	−6.5%	0.08	$8
SUB	−0.95	−1.40	1.4%	−1.9%	0.02	$7

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

JMUB

Trading

Today

0.00%at its holdings’ value

Close$49.40

NAV$49.40

Fee per $10,000$18 a year

Avg. volume 30D4.0M shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

JMUB

Fund Facts

Today

2018launched Oct 29

Tracks[…]

Exchange · CUSIPAMEX · 46641Q647

StructureETF

Leverage1x

Cost on $10,000$18 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

J.P. Morgan JMUB · fund facts · as of Nov 8, 2026

JMUB

Payouts by Year

$0.16per share, Nov 2026

Distribution yield3.8%

PaidEvery month

Latest ex-date · paidNov 2 · Nov 4, 2026

12 payouts added up$1.87 a share

J.P. Morgan JMUB · distributions by ex-date · 2021–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-08-31 ↗SEC reported portfolio · 2026-05-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-02-28 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-11-30 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-08-31 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-05-31 ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗SEC reported portfolio · 2025-02-28 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$49.40

Premium / discount[…]

Median spread · 30D[…]

Volume today2.4M

Average volume · 30D4.0M

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.18%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$18.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 2, 2026	Nov 4, 2026	$0.16
Oct 1, 2026	Oct 5, 2026	$0.16
Sep 1, 2026	Sep 3, 2026	$0.15
Aug 3, 2026	Aug 5, 2026	$0.15
Jul 1, 2026	Jul 6, 2026	$0.15
Jun 1, 2026	Jun 3, 2026	$0.15
May 1, 2026	May 5, 2026	$0.16
Apr 1, 2026	Apr 6, 2026	$0.15
Mar 2, 2026	Mar 4, 2026	$0.15
Feb 2, 2026	Feb 4, 2026	$0.14
Dec 31, 2025	Jan 5, 2026	$0.16
Dec 1, 2025	Dec 3, 2025	$0.19

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