ETF Evaluator:
JPMorgan Income ETF ()
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(as of Aug 26)
Best Performing in Multisector Bond Over the Last Year
| 7.3% | Eaton Vance Income Opportunities ETF (XAGG) |
| 7.1% | Bluemonte Diversified Income ETF (BLUI) |
| 7.0% | Rareview Dynamic Fixed Income ETF (RDFI) |
| 6.3% | FolioBeyond Enhanced Fixed Inc Prm ETF (FIXP) |
| 5.6% | Neuberger Flexible Credit Income ETF (NBFC) |
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ETF Details
JPMorgan Income ETF Overview
JPMorgan Income ETF (JPIE) is an actively managed Taxable Bond Multisector Bond exchange-traded fund (ETF). JPMorgan launched the ETF in 2021.
The investment seeks to provide income with a secondary objective of capital appreciation.
The fund seeks to achieve its objective by investing opportunistically among multiple debt markets and sectors that the fund’s adviser, J.P. Morgan Investment Management Inc. (JPMIM or the adviser) believes have high potential to produce income and have low correlations to each other in order to manage risk. It has broad flexibility to invest in a wide variety of debt securities and instruments of any maturity.
About JPMorgan Income ETF (JPIE)
There are 3 members of the management team with an average tenure of 4.76 years: Thomas Hauser (2021), J. Andrew Norelli (2021) and Andrew Headley (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. JPMorgan Income ETF has 2622 securities in its portfolio. The top 10 holdings constitute 24.1% 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 Income ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. JPMorgan Income ETF has 7.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.1% There is 0.0% allocated to foreign stock, and 0.5% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 92.6% (84.8% domestic bond, 7.8% foreign bond and 0.0% convertible bond). JPMorgan Income ETF has 6.8% of the portfolio in cash.
Assets Under Management
The fund has $10 billion in total assets, which is above the $1 billion average for the Multisector Bond 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.
JPIE 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 Income ETF expense ratio is below average compared to funds in the Multisector Bond category. JPMorgan Income ETF has an expense ratio of 0.39%, which is 40% lower than its category average, making the fund expense ratio grade a A. 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 Income ETF has a portfolio turnover rate of 157%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 163% for the Multisector Bond category.
Recently, in the month of July 2026, JPMorgan Income ETF returned -0.0%, which earned it a grade of A, as the Multisector Bond category had an average return of -0.5%. 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 Income ETF has a trailing yield of 5.66%, which is above the 5.63% category average.
The fund normally distributes its income monthly.
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 Income ETF Grades
Year to date, the ETF has returned 1.8%, 0.6 percentage points better than the category, which translates into a grade of B. The fund has returned 4.9% over the past year (grade of C) and 6.6% over the past three years (grade of C).
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JPIE Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JPIE Return (NAV) | -0.0% | 0.7% | 4.9% | 6.6% | na | na |
| JPIE Return (Price) | 0.0% | 0.7% | 4.9% | 6.5% | na | na |
| NAV +/- Price Return | -0.032% | -0.056% | 0.025% | 0.166% | na | na |
| Multisector Bond Avg | -0.5% | 0.3% | 4.5% | 6.2% | 1.8% | 3.1% |
| JPIE Grade (NAV) | A | A | C | C | na | na |
| +/- Category (NAV) | 0.5% | 0.4% | 0.4% | 0.4% | na | na |
| JPIE Tax-Cost Ratio | na | na | 2.3% | 2.4% | na | na |
JPIE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JPIE Return (NAV) | 1.8% | 7.5% | 6.4% | 7.5% | -6.5% | na | na | na | na | na | na |
| JPIE Return (Price) | 1.8% | 7.4% | 6.3% | 7.1% | -6.1% | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.041% | -0.013% | -0.016% | -0.058% | -0.061% | na | na | na | na | na | na |
| Multisector Bond Avg | 1.3% | 7.6% | 5.5% | 8.2% | -10.8% | 3.0% | 4.7% | 10.6% | -1.8% | 5.9% | 7.4% |
| JPIE Grade (NAV) | B | D | B | D | A | na | na | na | na | na | na |
| +/- Category | 0.6% | -0.2% | 1.0% | -0.7% | 4.3% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.42 |
| R-Squared: | 88% |
| Standard Deviation: | 2.5% |
| Category Risk Index: | 0.54 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.21 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 5.7% |
| Total Assets: | $ 10,224 Mil |
| Share Class Assets: | $ 10,224 Mil |
| Turnover: | 157.0% |
| Expense Ratio: | 0.39% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 4.8 years | |||
| Average Tenure: 4.8 years | |||
| Managers (Year): Hauser Thomas (2021), Norelli J. Andrew (2021), Headley Andrew (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 2622 |
| % in Top 10 Holdings: | 24.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 7.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.1% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.5% |
| Domestic Bond: | 84.8% |
| Foreign Bond: | 7.8% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 6.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | JPMorgan |
| Phone Number: | 844-457-6383 |
| Website: | jpmorganfunds.com |
| Inception Date: | October 28, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.39% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.65% |
