JPMorgan Ultra-Short Municipal A (USMSX)
| Fund Assets | 2.43B |
| Expense Ratio | 0.45% |
| Min. Investment | $1,000 |
| Turnover | 70.00% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.62% |
| Dividend Growth | -6.11% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 27, 2025 |
| Previous Close | 10.05 |
| YTD Return | 1.53% |
| 1-Year Return | 2.25% |
| 5-Year Return | 7.06% |
| 52-Week Low | 9.98 |
| 52-Week High | 10.07 |
| Beta (5Y) | n/a |
| Holdings | 1151 |
| 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 2.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.28%.
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
23.51% of assets| Name | Symbol | Weight |
|---|---|---|
| JPMorgan Institutional Tax Free Money Market Fund | JOAXX | 13.20% |
| PENNSYLVANIA ST TPK COMMN TPK REV 2.3% | PA.PASTRN 12.01.2039 | 1.49% |
| RIB FLOATER TR VARIOUS STS 2.83% | MI.TENGEN 03.01.2058 | 1.34% |
| ROANOKE VA INDL DEV AUTH HOSP REV 2.28% | VA.ROAMED 07.01.2036 | 1.28% |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 4.3212% | AL.BBEUTL 07.01.2052 | 1.10% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 2.8% | NY.NYCGEN 08.01.2042 | 1.07% |
| LONG IS PWR AUTH N Y ELEC SYS REV 1% | NY.LSLPWR 1 09.01.2025 | 1.07% |
| SOUTHCENTRAL PA GEN AUTH REV 2.9% | PA.SCAGEN 06.01.2035 | 1.01% |
| ILLINOIS FIN AUTH REV 5% | IL.ILSGEN 5 10.01.2046 | 0.99% |
| WISE CNTY VA INDL DEV AUTH SOLID WASTE & SEW DISP REV 0.75% | VA.WISUTL 10.01.2040 | 0.97% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 27, 2025 | $0.02203 | Aug 28, 2025 |
| Jul 29, 2025 | $0.01994 | Jul 30, 2025 |
| Jun 26, 2025 | $0.02251 | Jun 27, 2025 |
| May 28, 2025 | $0.02145 | May 29, 2025 |
| Apr 28, 2025 | $0.02491 | Apr 29, 2025 |
| Mar 27, 2025 | $0.02271 | Mar 28, 2025 |