# JPMorgan Ultra-Short Municipal Income ETF (JMST) — Overview

JMST · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/jmst

## Price

Last close $50.74 on Oct 15, 2026. 52-week range $50.51 – $51.13.

## Fund profile

JMST is an actively managed portfolio of US municipal bonds with a weighted average maturity of two years or less.

| Metric | Value |
| --- | --- |
| Issuer | J.P. Morgan Investment Management Inc. |
| Industry | — |
| Inception | Oct 16, 2018 |
| Assets under management | $8.0B |
| Expense ratio | 0.18% |
| Net asset value | $50.63 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is JPMorgan Ultra-Short Municipal Income ETF (JMST)?

JMST is an actively managed portfolio of US municipal bonds with a weighted average maturity of two years or less.

### What is JMST's expense ratio?

JPMorgan Ultra-Short Municipal Income ETF charges an annual expense ratio of 0.18%. The fund is issued by J.P. Morgan Investment Management Inc..

### How large is JMST?

JPMorgan Ultra-Short Municipal Income ETF manages $8.0B in assets and has traded since Oct 16, 2018.

### How do I buy shares of JPMorgan Ultra-Short Municipal Income ETF (JMST)?

JMST trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).