JPMorgan Ultra-Short Municipal Fund Class A (USMSX)
| Fund Assets | 2.55B |
| Expense Ratio | 0.38% |
| Min. Investment | $1,000 |
| Turnover | 70.00% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 2.53% |
| Dividend Growth | -8.74% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 28, 2026 |
| Previous Close | 10.29 |
| YTD Return | 0.46% |
| 1-Year Return | 3.07% |
| 5-Year Return | 8.75% |
| 52-Week Low | 9.99 |
| 52-Week High | 10.30 |
| Beta (5Y) | n/a |
| Holdings | 1101 |
| Inception Date | Aug 31, 2016 |
About USMSX
JPMorgan Ultra-Short Municipal Fund Class A is a mutual fund that focuses primarily on providing a high level of current income exempt from federal income tax, while maintaining relative stability of principal. The fund invests at least 80% of its assets in short-duration municipal securities issued by state and local governments to fund public projects, resulting in an average weighted maturity of two years or less. This strategy positions the fund to capture stable, tax-exempt yields with minimized interest rate risk, making it particularly relevant for investors seeking tax efficiency and capital preservation. The fund distributes income monthly and offers a competitive dividend yield, with recent figures around 2.65% to 2.76%. It maintains a large, diversified portfolio—holding more than 1,200 instruments as of the latest data—reducing issuer-specific risk and enhancing credit stability. With total assets exceeding $2 billion, the fund is a significant player in the short-term municipal fixed income segment. The fund’s consistent, conservative approach to municipal bond investing supports its role as a defensive holding for individuals, institutions, and organizations managing liquidity while seeking tax-advantaged income.
Performance
USMSX had a total return of 3.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.66%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| USMTX | Class I | 0.25% |
Top 10 Holdings
19.29% of assets| Name | Symbol | Weight |
|---|---|---|
| JPMorgan Institutional Tax Free Money Market Fund | JOIXX | 9.61% |
| PENNSYLVANIA ST TPK COMMN TPK REV 3.36% | PA.PASTRN 12.01.2039 | 1.45% |
| RIB FLOATER TR VARIOUS STS 2.53% | MI.TENGEN 03.01.2058 | 1.30% |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 3.9259% | AL.BBEUTL 07.01.2052 | 1.06% |
| NEW YORK N Y 2.6% | NY.NYC 03.01.2044 | 1.04% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 2.6% | NY.NYCGEN 08.01.2042 | 1.04% |
| TARRANT CNTY TEX CULTURAL ED FACS FIN CORP HOSP REV 1.7% | TX.TAREDU 08.01.2050 | 1.04% |
| WOODBRIDGE TWP N J 4% | NJ.WBG 4 10.09.2026 | 0.92% |
| TRIBOROUGH BRDG & TUNL AUTH N Y REVS 5% | NY.TRBTRN 5 05.15.2026 | 0.92% |
| FAIRFAX CNTY VA INDL DEV AUTH HEALTH CARE REV 3.35% | VA.FAIDEV 05.15.2033 | 0.91% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 28, 2026 | $0.0172 | Jan 29, 2026 |
| Dec 29, 2025 | $0.02037 | Dec 29, 2025 |
| Nov 25, 2025 | $0.02226 | Nov 26, 2025 |
| Oct 29, 2025 | $0.02089 | Oct 30, 2025 |
| Sep 26, 2025 | $0.02318 | Sep 29, 2025 |
| Aug 27, 2025 | $0.02203 | Aug 28, 2025 |