JPMorgan Ultra-Short Municipal Fund Class I (USMTX)
| Fund Assets | 2.62B |
| Expense Ratio | 0.18% |
| Min. Investment | $1,000,000 |
| Turnover | 58.00% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.71% |
| Dividend Growth | -8.04% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 26, 2026 |
| Previous Close | 10.01 |
| YTD Return | 1.01% |
| 1-Year Return | 2.42% |
| 5-Year Return | 10.27% |
| 52-Week Low | 10.00 |
| 52-Week High | 10.06 |
| Beta (5Y) | 0.03 |
| Holdings | 1094 |
| Inception Date | Aug 31, 2016 |
About USMTX
JPMorgan Ultra-Short Municipal Fund Class I is a mutual fund focused on generating a high level of current income exempt from federal income tax, while aiming to preserve principal stability. This fund primarily invests in high-quality, ultra-short municipal bonds, with an average weighted maturity typically under two years. By emphasizing bonds with comparatively short durations and strong credit quality—most assets falling in AA, A, and AAA ratings—it seeks to minimize interest rate risk and enhance liquidity. The fund's portfolio is diversified across general obligation and revenue-backed municipal securities, as well as cash and pre-refunded bonds, catering to institutional investors due to its higher initial minimum investment. As part of the Muni National Short category, it serves as a core holding for investors looking for federal tax advantages in their fixed income allocations. Managed by an experienced team at JPMorgan Asset Management, this fund plays a significant role in providing tax-efficient, low-duration exposure for capital preservation and stable income within the broader municipal bond market.
Performance
USMTX had a total return of 2.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.60%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| USMSX | Class A | 0.38% |
Top 10 Holdings
20.99% of assets| Name | Symbol | Weight |
|---|---|---|
| JPMorgan Institutional Tax Free Money Market Fund | JOIXX | 12.50% |
| PENNSYLVANIA ST TPK COMMN TPK REV 1.55% | PA.PASTRN 12.01.2039 | 1.29% |
| RIB FLOATER TR VARIOUS STS 2.88% | MI.TENGEN 03.01.2058 | 1.15% |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 3.8321% | AL.BBEUTL 07.01.2052 | 0.94% |
| NEW YORK N Y 2.75% | NY.NYC 03.01.2044 | 0.92% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 2.75% | NY.NYCGEN 08.01.2042 | 0.92% |
| OHIO ST UNIV GEN RCPTS 1.55% | OH.OHSHGR 06.01.2043 | 0.92% |
| WOODBRIDGE TWP N J 4% | NJ.WBG 4 10.09.2026 | 0.81% |
| FAIRFAX CNTY VA INDL DEV AUTH HEALTH CARE REV 1.61% | VA.FAIDEV 05.15.2033 | 0.81% |
| CROTON HARMON N Y UN FREE SCH DIST 4% | NY.CROSCD 4 06.26.2026 | 0.74% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 26, 2026 | $0.02173 | Jun 29, 2026 |
| May 27, 2026 | $0.02124 | May 28, 2026 |
| Apr 28, 2026 | $0.02556 | Apr 29, 2026 |
| Mar 27, 2026 | $0.02109 | Mar 30, 2026 |
| Feb 25, 2026 | $0.02317 | Feb 26, 2026 |
| Jan 28, 2026 | $0.01903 | Jan 29, 2026 |