JPMorgan Ultra-Short Municipal Fund I (USMTX)
10.05
0.00 (0.00%)
USD |
Feb 09 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.18% | 2.562B | -- | 70.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 325.09M | 3.25% |
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:
3
-249.27M
Peer Group Low
418.46M
Peer Group High
1 Year
% Rank:
17
325.09M
-384.19M
Peer Group Low
2.746B
Peer Group High
3 Months
% Rank:
10
-59.76M
Peer Group Low
917.25M
Peer Group High
3 Years
% Rank:
50
-3.150B
Peer Group Low
3.191B
Peer Group High
6 Months
% Rank:
20
-187.13M
Peer Group Low
1.865B
Peer Group High
5 Years
% Rank:
94
-6.617B
Peer Group Low
4.482B
Peer Group High
YTD
% Rank:
3
-249.27M
Peer Group Low
418.46M
Peer Group High
10 Years
% Rank:
4
-4.701B
Peer Group Low
5.894B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of February 10, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 9.44% |
| Stock | 0.00% |
| Bond | 89.64% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.92% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| JPMorgan Prime Money Market Fund Institutional | 9.49% | 1.000 | -0.01% |
| PENNSYLVANIA ST TPK COMMN TPK REV PA 2.200 12/01/2039 | 1.43% | 100.00 | 0.00% |
| RIB FLOATER TR VARIOUS STS NY 03/01/2058 | 1.29% | 100.00 | 0.00% |
|
Cash and Cash Equivalents
|
1.20% | -- | -- |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV AL 3.845 07/01/2052 | 1.05% | 100.52 | 0.00% |
| TARRANT CNTY TEX CULTURAL ED FACS FIN CORP HOSP REV TX 2.300 08/01/2050 | 1.02% | 100.00 | 0.00% |
| NEW YORK N Y NY 3.000 03/01/2044 | 1.02% | 100.00 | 0.00% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV NY 3.000 08/01/2042 | 1.02% | -- | -- |
| WOODBRIDGE TWP N J NJ 4.000 10/09/2026 | 0.91% | -- | -- |
| TRIBOROUGH BRDG & TUNL AUTH N Y REVS NY 5.000 05/15/2026 | 0.91% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | -- |
| Administration Fee | 945.0% |
| 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 |
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 (2-6-26) | 2.79% |
| 30-Day SEC Yield (1-31-26) | 2.00% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 1102 |
| Bond | |
| Yield to Maturity (12-31-25) | 1.50% |
| Effective Duration | 0.79 |
| Average Coupon | 4.61% |
| Calculated Average Quality | 2.053 |
| Effective Maturity | 5.859 |
| Nominal Maturity | 7.887 |
| Number of Bond Holdings | 1096 |
As of December 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 8/31/2016 |
| Share Classes | |
| USMSX | A |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| 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. |