J.P. Morgan Asset Management 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 | NYSE: JPEF | 28-July-23 |
| JPMorgan Limited Duration Bond Fund | JPMorgan Limited Duration Bond ETF | NYSE: JPLD | 28-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.
Source: J.P. Morgan Asset Management
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