Key stats
About J P MORGAN EXCHANGE-TRADED FD TR JPMorgan Inflation Managed Bond ETF
Expense ratio
0.25%
Home page
Inception date
Apr 8, 2022
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
What's in the fund
Exposure type
Securitized
Corporate
Government
Stocks−0.26%
Energy Minerals0.03%
Finance0.01%
Consumer Non-Durables−0.30%
Bonds, Cash & Other100.26%
Securitized40.02%
Corporate26.35%
Government26.09%
Cash7.01%
Miscellaneous0.40%
Mutual fund0.15%
Temporary0.12%
Agency0.12%