JPMorgan Ultra-Short Municipal Fund I (USMTX)
9.98
-0.01
(-0.10%)
USD |
Sep 15 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.18% | 2.694B | -- | 58.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 143.03M | 1.89% |
Basic Info
| Investment Strategy | |
| The Fund seeks as high a level of current income exempt from federal income tax as is consistent with relative stability of principal. Under normal circumstances, the Fund will primarily invests at least 80% of its assets in municipal securities with an average weighted maturity of two years or less. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Short Term |
| Peer Group | Short Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Municipal Debt Funds |
| Fund Owner Firm Name | J.P. Morgan Asset Management |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
10
-19.40M
Peer Group Low
229.87M
Peer Group High
1 Year
% Rank:
29
143.03M
-501.34M
Peer Group Low
2.811B
Peer Group High
3 Months
% Rank:
70
-148.79M
Peer Group Low
952.98M
Peer Group High
3 Years
% Rank:
10
-998.82M
Peer Group Low
4.423B
Peer Group High
6 Months
% Rank:
26
-435.94M
Peer Group Low
1.122B
Peer Group High
5 Years
% Rank:
93
-7.817B
Peer Group Low
4.852B
Peer Group High
YTD
% Rank:
16
-458.42M
Peer Group Low
1.175B
Peer Group High
10 Years
% Rank:
4
-5.067B
Peer Group Low
3.107B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of September 16, 2026.
Asset Allocation
As of July 31, 2026.
| Type | % Net |
|---|---|
| Cash | 2.19% |
| Stock | 0.00% |
| Bond | 97.05% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.76% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| JPMorgan Prime Money Market Fund Institutional | 2.30% | 1.00 | 0.00% |
| United States of America USGB 08/11/2026 FIX USD Government (Matured) | 2.16% | 100.00 | 0.01% |
| PENNSYLVANIA ST TPK COMMN TPK REV PA 2.770 12/01/2039 | 1.37% | 100.00 | 0.00% |
| RIB FLOATER TR VARIOUS STS NY 03/01/2058 | 1.23% | 100.00 | 0.00% |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV AL 3.825 07/01/2052 | 1.00% | 100.30 | 0.00% |
| OHIO ST UNIV GEN RCPTS OH 2.700 06/01/2043 | 0.98% | 100.00 | 0.00% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV NY 2.750 08/01/2042 | 0.98% | 100.00 | 0.00% |
| NEW YORK N Y NY 2.750 03/01/2044 | 0.98% | 100.00 | 0.00% |
| WOODBRIDGE TWP N J NJ 4.000 10/09/2026 | 0.86% | 100.05 | 0.00% |
| FAIRFAX CNTY VA INDL DEV AUTH HEALTH CARE REV VA 2.730 05/15/2033 | 0.86% | 100.00 | 0.00% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | -- |
| Administration Fee | 945.00 None |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1.00M None |
| Minimum Subsequent Investment | 0.00 None |
TTM Distributions
| Type | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of August 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks as high a level of current income exempt from federal income tax as is consistent with relative stability of principal. Under normal circumstances, the Fund will primarily invests at least 80% of its assets in municipal securities with an average weighted maturity of two years or less. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Short Term |
| Peer Group | Short Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Municipal Debt Funds |
| Fund Owner Firm Name | J.P. Morgan Asset Management |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (9-15-26) | 2.69% |
| 30-Day SEC Yield (8-31-26) | 2.54% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 1039 |
| Bond | |
| Yield to Maturity (7-31-26) | 2.60% |
| Effective Duration | 0.86 |
| Average Coupon | 4.04% |
| Calculated Average Quality | 2.025 |
| Effective Maturity | 5.043 |
| Nominal Maturity | 6.598 |
| Number of Bond Holdings | 1036 |
As of July 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 8/31/2016 |
| Last Annual Report Date | 2/28/2026 |
| Last Prospectus Date | 7/1/2026 |
| Share Classes | |
| USMSX | A |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:USMTX", "name") |
| Broad Asset Class: =YCI("M:USMTX", "broad_asset_class") |
| Broad Category: =YCI("M:USMTX", "broad_category_group") |
| Prospectus Objective: =YCI("M:USMTX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |