J.P. Morgan Asset Management Completes Conversion of Four Mutual Funds to ETFs
NEW YORK, July 31, 2023 /PRNewswire/ -- J.P. Morgan Asset Management today announced the firm has successfully completed the conversion of four mutual funds to ETFs. The conversion of these funds to actively managed ETFs will provide investors with active investment options in markets traditionally available to ETF investors through mostly passive solutions.
The following four ETF conversions means shareholders will benefit from intraday trading, liquidity and reduced fees and may benefit from greater tax efficiency.
Mutual Fund |
ETF |
ETF Ticker |
Listing Date |
JPMorgan Equity Focus Fund |
JPMorgan Equity Focus ETF |
NASDAQ: JPEF |
31-July-23 |
JPMorgan Limited Duration Bond Fund |
JPMorgan Limited Duration Bond ETF |
CBOE: JPLD |
31-July-23 |
JPMorgan High Yield Municipal Fund |
JPMorgan High Yield Municipal ETF |
NYSE: JMHI |
17-July-23 |
JPMorgan Sustainable Municipal Income Fund |
JPMorgan Sustainable Municipal Income ETF |
NYSE: JMSI |
17-July-23 |
"Investors are looking for differentiated active capabilities in the ETF wrapper. As conversions, these ETFs have a track record and scale from Day 1 and add to our active range of ETF providing tools for investors to meet their investment goals," said Bryon Lake, Global Head of ETF Solutions, J.P. Morgan Asset Management. "We are excited to provide shareholders with greater choice and access to the benefits that active ETFs can provide, including additional trading flexibility, increased transparency and reduced fees through transparency at attractive price points."
The combined assets of the four active, transparent funds converted are approximately $1.5 billion. J.P. Morgan Asset Management ranks as a top ten ETF issuer in the U.S. with respect to AUM1, and number one year to date2 in net active flows across active ETFs in the U.S.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of $2.67 trillion (as of 3/31/2022), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information: www.jpmorganassetmanagement.com. J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co., and its affiliates worldwide.
J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co., and its affiliates worldwide.
J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA. More information is available at https://am.jpmorgan.com/us/en/asset-management/gim/adv/products/etfs.
Investors should carefully consider the investment objectives and risks as well as charges and expenses of the funds before investing. The summary and full prospectuses contain this and other information about the funds and should be read carefully before investing. Call 1-844-4JPM-ETF or visit www.jpmorganETFs.com to obtain a prospectus.
1 Data according to ETF.com as of 06/09/2022
2 Data according to Simfund as of 06/10/2022
SOURCE J.P. Morgan Asset Management
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