ETF Evaluator: JPMorgan 100% U.S. Trsy Secs Mny Mkt ETF () Follow This ETF

JPMorgan 100% U.S. Trsy Secs Mny Mkt ETF Overview

JPMorgan 100% U.S. Trsy Secs Mny Mkt ETF (JMMF) is an actively managed Money Market Money Market-Taxable exchange-traded fund (ETF). JPMorgan launched the ETF in 2025.

The investment seeks to provide current income while seeking to maintain liquidity and a low volatility of principal. The fund invests its assets exclusively in obligations of the U.S. Treasury, including Treasury bills, bonds, and notes. The adviser will generally hold a portion of its assets in cash, primarily to meet redemptions.

About JPMorgan 100% U.S. Trsy Secs Mny Mkt ETF (JMMF)

There are 1 members of the management team with an average tenure of 0.64 years: Management Team (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

JPMorgan 100% U.S. Trsy Secs Mny Mkt ETF has 56 securities in its portfolio. The top 10 holdings constitute 61.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

JPMorgan 100% U.S. Trsy Secs Mny Mkt ETF is part of the Capital Preservation global asset class and is within the Money Market ETF group. JPMorgan 100% U.S. Trsy Secs Mny Mkt ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 22.8% (22.8% domestic bond, 0.0% foreign bond and 0.0% convertible bond). JPMorgan 100% U.S. Trsy Secs Mny Mkt ETF has 77.2% of the portfolio in cash.

Assets Under Management

The fund has $70 million in total assets, which is below the $3 billion average for the Money Market-Taxable category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

JMMF Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The JPMorgan 100% U.S. Trsy Secs Mny Mkt ETF expense ratio is low compared to funds in the Money Market-Taxable category. JPMorgan 100% U.S. Trsy Secs Mny Mkt ETF has an expense ratio of 0.16%, which is 22% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. JPMorgan 100% U.S. Trsy Secs Mny Mkt ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 13% for the Money Market-Taxable category.

Recently, in the month of July 2026, JPMorgan 100% U.S. Trsy Secs Mny Mkt ETF returned 0.3%, which earned it a grade of F, as the Money Market-Taxable category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

JPMorgan 100% U.S. Trsy Secs Mny Mkt ETF has a trailing yield of 0.00%, which is below the 3.66% category average. The fund normally distributes its income weekly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

JPMorgan 100% U.S. Trsy Secs Mny Mkt ETF Grades

Year to date, the ETF has returned 1.9%, 0.1 percentage points worse than the category, which translates into a grade of F.

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