Key stats
About JPMorgan Inflation Managed Bond ETF
Home page
Inception date
Apr 8, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
JPMorgan Investment Management, Inc.
Distributor
JPMorgan Distribution Services, Inc.
ISIN
US46654Q1040
JCPI aims to maximize total return by providing exposure to USD-denominated investment-grade bonds. The words Inflation Managed in the funds name refers to its strategy of creating a portfolio equivalent to those of inflation-protected securities and does not necessarily reflect the type of securities it invests in. The fund uses swaps to hedge inflation risk based on the CPI-U Index that measures price changes of a basket of goods and services purchased by urban consumers. The fund may invest in various corporate and government bonds, as well as actual Treasury Inflation Protected Securities, that are perceived to perform well over market cycles. The fund may invest up to 10% in junk bonds. As the fund uses derivatives, it could open investors to potential counterparty risk. On Apr. 8, 2022, JCPI converted from a mutual fund called JPMorgan Inflation Managed Bond Fund to an actively managed ETF structure, starting with $1.1 billion in net assets.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Securitized
Corporate
Bonds, Cash & Other100.00%
Government38.85%
Securitized31.02%
Corporate28.72%
Cash1.25%
Mutual fund0.16%
Stock breakdown by region
North America88.45%
Europe9.38%
Asia1.48%
Oceania0.69%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
JCPI invests in bonds. The fund's major sectors are Government, with 38.85% stocks, and Securitized, with 31.02% of the basket. The assets are mostly located in the North America region.
JCPI top holdings are United States Treasury Notes 4.875% 31-OCT-2028 and United States Treasury Notes 4.625% 15-FEB-2035, occupying 10.59% and 7.41% of the portfolio correspondingly.
JCPI last dividends amounted to 0.16 USD. The month before, the issuer paid 0.16 USD in dividends, which shows a 2.49% increase.
JCPI assets under management is 764.48 M USD. It's risen 1.61% over the last month.
JCPI fund flows account for 76.56 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, JCPI pays dividends to its holders with the dividend yield of 3.77%. The last dividend (Sep 4, 2025) amounted to 0.16 USD. The dividends are paid monthly.
JCPI shares are issued by JPMorgan Chase & Co. under the brand JPMorgan. The ETF was launched on Apr 8, 2022, and its management style is Active.
JCPI expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
JCPI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
JCPI invests in bonds.
JCPI price has risen by 1.14% over the last month, and its yearly performance shows a 2.90% increase. See more dynamics on JCPI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.44% over the last month, showed a 4.14% increase in three-month performance and has increased by 6.48% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.44% over the last month, showed a 4.14% increase in three-month performance and has increased by 6.48% in a year.
JCPI trades at a premium (0.31%) meaning the ETF is trading at a higher price than the calculated NAV.