(JMST) JPMorgan Ultra-Short - Overview
Etf: Municipal Bonds, Tax-Exempt Notes, Commercial Paper
Dividends
| Dividend Yield | 3.02% |
| Yield on Cost 5y | 3.10% |
| Yield CAGR 5y | 80.57% |
| Payout Consistency | 84.7% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 0.76% |
| Relative Tail Risk | -2.91% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.92 |
| Alpha | -0.81 |
| Character TTM | |
|---|---|
| Beta | 0.004 |
| Beta Downside | 0.006 |
| Drawdowns 3y | |
|---|---|
| Max DD | 0.71% |
| CAGR/Max DD | 4.88 |
Description: JMST JPMorgan Ultra-Short January 10, 2026
JPMorgan Ultra-Short Municipal (BATS: JMST) is an ETF that allocates at least 80% of its net assets-plus any investment-purpose borrowings-to tax-exempt municipal securities. The portfolio is limited to short-duration instruments such as variable-rate demand notes, short-term municipal notes, and tax-exempt commercial paper, allowing up to 100% of assets to be held in these securities. Income generated is generally exempt from federal income tax, making the fund attractive to investors seeking liquidity and tax-efficient yield.
Key metrics (as of the most recent quarter) include an expense ratio of 0.20%, assets under management of roughly $1.2 billion, and an average portfolio duration of 0.3 years, which positions the fund to benefit from a steepening yield curve. The fund’s 7-day SEC yield has hovered around 3.1%, outpacing comparable Treasury-fund yields but remaining sensitive to municipal credit spreads and short-term interest-rate movements driven by Federal Reserve policy. A primary sector driver is the supply of new short-term muni issuance, which tends to rise when state and local governments refinance debt during periods of low rates.
For a deeper, data-driven look at JMST’s risk-adjusted performance and how it fits into a tax-efficient portfolio, you might explore ValueRay’s analytics.
What is the price of JMST shares?
Over the past week, the price has changed by +0.12%, over one month by +0.29%, over three months by +0.97% and over the past year by +3.35%.
Is JMST a buy, sell or hold?
What are the forecasts/targets for the JMST price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 55.3 | 8.2% |
JMST Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 6.05b USD (6.05b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 6.05b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 6.05b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 5.93% (E(6.05b)/V(6.05b) * Re(5.93%) + (debt-free company))
Discount Rate = 5.93% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)