NEW
YORK, July 31, 2023 /PRNewswire/ -- J.P.
Morgan Asset Management today announced the firm has successfully
completed the conversion of four mutual funds to ETFs. The
conversion of these funds to actively managed ETFs will provide
investors with active investment options in markets traditionally
available to ETF investors through mostly passive
solutions.
The following four ETF conversions means shareholders will
benefit from intraday trading, liquidity and reduced fees and may
benefit from greater tax efficiency.
Mutual
Fund
|
ETF
|
ETF
Ticker
|
Listing
Date
|
JPMorgan Equity Focus
Fund
|
JPMorgan Equity Focus
ETF
|
NYSE: JPEF
|
28-July-23
|
JPMorgan Limited
Duration Bond Fund
|
JPMorgan Limited
Duration Bond ETF
|
NYSE: JPLD
|
28-July-23
|
JPMorgan High Yield
Municipal Fund
|
JPMorgan High Yield
Municipal ETF
|
NYSE: JMHI
|
17-July-23
|
JPMorgan Sustainable
Municipal Income Fund
|
JPMorgan Sustainable
Municipal Income ETF
|
NYSE: JMSI
|
17-July-23
|
"Investors are looking for differentiated active capabilities in
the ETF wrapper. As conversions, these ETFs have a track record and
scale from Day 1 and add to our active range of ETF providing tools
for investors to meet their investment goals,"
said Bryon Lake, Global Head
of ETF Solutions, J.P. Morgan Asset Management. "We are excited
to provide shareholders with greater choice and access to the
benefits that active ETFs can provide, including additional trading
flexibility, increased transparency and reduced fees through
transparency at attractive price points."
The combined assets of the four active, transparent funds
converted are approximately $1.5
billion. J.P. Morgan Asset Management ranks as a top ten ETF
issuer in the U.S. with respect to AUM1, and number one
year to date2 in net active flows across active
ETFs in the U.S.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management
of $2.67 trillion (as of 3/31/2022), is a global leader
in investment management. J.P. Morgan Asset Management's clients
include institutions, retail investors and high net worth
individuals in every major market throughout the world. J.P. Morgan
Asset Management offers global investment management in equities,
fixed income, real estate, hedge funds, private equity and
liquidity. For more
information: www.jpmorganassetmanagement.com. J.P. Morgan
Asset Management is the marketing name for the asset management
businesses of JPMorgan Chase & Co., and its affiliates
worldwide.
J.P. Morgan Asset Management is the marketing name for the asset
management businesses of JPMorgan Chase & Co., and its
affiliates worldwide.
J.P. Morgan ETFs are distributed by JPMorgan Distribution
Services, Inc., which is an affiliate of JPMorgan Chase & Co.
Affiliates of JPMorgan Chase & Co. receive fees for providing
various services to the funds. JPMorgan Distribution Services, Inc.
is a member of FINRA. More information is available
at https://am.jpmorgan.com/us/en/asset-management/gim/adv/products/etfs.
Investors should carefully consider the investment
objectives and risks as well as charges and expenses of the funds
before investing. The summary and full prospectuses contain this
and other information about the funds and should be read carefully
before investing. Call 1-844-4JPM-ETF or
visit www.jpmorganETFs.com to obtain a
prospectus.
1 Data according to ETF.com as
of 06/09/2022
2 Data according to Simfund as
of 06/10/2022
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SOURCE J.P. Morgan Asset Management