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JMST: An Interesting Short-Term Muni ETF

johnNjohnN
in The Bullpen

https://seekingalpha.com/article/4266412-jmst-interesting-short-term-muni-etf

JMST: An Interesting Short-Term Muni ETF
May. 24, 2019 3:02 PM ETJPMorgan Ultra-Short Municipal Income ETF (JMST)SUB
Summary

JMST is an ultra-short-term municipal bond ETF that has a fee subsidy in place to provide a teaser boost to the yield.
JMST holds super low duration bonds to minimize interest rate risk.
JMST takes greater credit quality risk than SUB, the main short-term muni ETF, with the hope the shortness will mitigate qualitative risks.
JMST is highly competitive with the fee subsidization.
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