ETF Evaluator: JPMorgan New York Tax Free Bond ETF () Follow This ETF

JPMorgan New York Tax Free Bond ETF Overview

JPMorgan New York Tax Free Bond ETF (JTNY) is an actively managed Municipal Bond Muni New York Intermediate exchange-traded fund (ETF). JPMorgan launched the ETF in 2001.

The investment seeks to provide monthly dividends that are excluded from gross income for federal income tax purposes and are exempt from New York State and New York City personal income taxes; it also seeks to protect the value of the investors' investment. The fund normally invests at least 80% of the value of its assets in municipal obligations whose interest payments are excluded from gross income for federal income tax purposes and exempt from New York State and New York City personal income taxes, and not subject to the federal alternative minimum tax on individuals. The average weighted maturity of its portfolio will be between three and twelve years.

About JPMorgan New York Tax Free Bond ETF (JTNY)

There are 3 members of the management team with an average tenure of 2.61 years: Michelle Hallam (2023), Josh Brunner (2024) and Rachel Betton (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Bloomberg Municipal TR USD index with a weighting of 100% and Bloomberg Municipal New York Exempt TR index with a weighting of 100%. JPMorgan New York Tax Free Bond ETF has 236 securities in its portfolio. The top 10 holdings constitute 13.6% 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 New York Tax Free Bond ETF is part of the Fixed Income global asset class and is within the Municipal Bond ETF group. JPMorgan New York Tax Free Bond ETF has 1.7% 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 95.9% (94.1% domestic bond, 1.7% foreign bond and 0.0% convertible bond). JPMorgan New York Tax Free Bond ETF has 4.1% of the portfolio in cash.

Assets Under Management

The fund has $452 million in total assets, which is above the $321 million average for the Muni New York Intermediate 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.

JTNY 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 New York Tax Free Bond ETF expense ratio is below average compared to funds in the Muni New York Intermediate category. JPMorgan New York Tax Free Bond ETF has an expense ratio of 0.34%, which is 40% higher than its category average, making the fund expense ratio grade a F. 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 New York Tax Free Bond ETF has a portfolio turnover rate of 51%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 53% for the Muni New York Intermediate category.

Recently, in the month of July 2026, JPMorgan New York Tax Free Bond ETF returned -1.6%, which earned it a grade of C, as the Muni New York Intermediate category had an average return of -1.6%. 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 New York Tax Free Bond ETF has a trailing yield of 3.19%, which is below the 3.24% category average. The fund normally distributes its income monthly 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 New York Tax Free Bond ETF Grades

Year to date, the ETF has returned 0.3%, 0.2 percentage points worse than the category, which translates into a grade of C. The fund has returned 4.4% over the past year (grade of F), 2.6% over the past three years (grade of A) and 0.6% per year over the past five years (grade of A) and 1.5% per year over the past 10 years (grade of A).

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