# Portfolio overlap — JMST vs JMUB Comparing **JPMorgan Ultra-Short Municipal Income ETF** (2026-02-28) and **JPMorgan Municipal ETF** (2026-02-28). - Shared positions: 56 - JPMorgan Ultra-Short Municipal Income ETF covered by JPMorgan Municipal ETF: 0.1233704114303461403271766662 - JPMorgan Municipal ETF covered by JPMorgan Ultra-Short Municipal Income ETF: 0.1233704114303461403271766662 ## JPMorgan Ultra-Short Municipal Income ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | JPMorgan Institutional Tax Free Money Market Fund, Class IM | 0.134331 | ✓ | | NYC MUNI WTR FIN AUTH | 0.010635 | | | WASHINGTON ST-R-2026A | 0.009574 | | | State of Minnesota, Various Purpose, Series 2025D | 0.008230 | | | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES | 0.007787 | | | Township of Woodbridge | 0.007425 | | | Maryland Health & Higher Educational Facilities Authority, Series 2025 C-1 | 0.007363 | | | Tarrant County Cultural Education Facilities Finance Corp., Series 2012, RB | 0.007023 | | | County of Hamilton Sales Tax | 0.006970 | ✓ | | NYC TRANSTNL-C6-VAR | 0.006545 | | | HOUSTON TX UTILITY SYS REVENUE CITY OF HOUSTON TX COMBINED UTILITY SYSTEM REVENUE | 0.006545 | | | NYC GEN OBLIG-A-4 | 0.006545 | | | MASSACHUSETTS ST DEV FIN AGY REVENUE | 0.006545 | | | City of Bristol | 0.006225 | | | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Variable Rate Series 2020 | 0.006218 | | | Township of Hamilton | 0.006116 | | | Township of Parsippany-Troy Hills | 0.005990 | | | Township of Livingston | 0.005910 | | | City of Hudson, Limited Tax | 0.005855 | | | SAINT LUCIE CNTY FL POLL CONTR COUNTY OF ST LUCIE FL | 0.005849 | | | NYC WTR-AA-2 | 0.005727 | | | Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes, Series 2025A | 0.005665 | | | State of Louisiana, Series 2023 A-2 | 0.005547 | | | San Antonio Water System, Subordinate Lien, Series 2024A | 0.005449 | | | MICHIGAN ST BLDG AUTH REVENUE | 0.005400 | | | Maine School Administrative District No. 51, Series 2025B | 0.005386 | | | COLORADO SPRINGS CO UTILITIES REVENUE | 0.005301 | | | Township of Teaneck | 0.005205 | | | Clark County School District, Series 2025B | 0.005170 | | | Spartanburg County School District No. 7 | 0.005126 | | | Township of Cherry Hill | 0.004950 | | | City of Albany | 0.004913 | | | VALDEZ AK MARINE TERMINAL REVE VALTRN 05/31 ADJUSTABLE VAR | 0.004909 | | | DELAWARE VLY REG-B | 0.004909 | | | TNDR OPT-FLTR-046 | 0.004909 | | | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE | 0.004660 | | | COLORADO ST HLTH FACS AUTH REV REGD V/R B/E 2.65000000 | 0.004598 | ✓ | | JERSEY CITY NJ | 0.004398 | | | Township of Edison | 0.004282 | | | Township of West Windsor | 0.004249 | | | BLACK BELT ENERGY GAS FRN | 0.004208 | | | Town of South Kingstown, Series 2025-1 | 0.004111 | | | Colorado (State of) Health Facilities Authority (Intermountain Healthcare), Series 2024, RB | 0.004091 | | | Alaska Housing Finance Corp., Home Mortgage, Series 2007A | 0.004091 | | | University of Colorado Hospital Authority, Series 2018, RB | 0.004091 | | | City of Jacksonville, Health Care Facilities, Baptist Health | 0.004091 | | | City of Sea Isle City | 0.004079 | | | Connecticut Housing Finance Authority, Housing Mortgage Finance Program, Series 2025, Subseries C-3 | 0.004038 | | | MONMOUTH COUNTY IMPROVEMENT AUTHORITY/THE | 0.004018 | | | City of Houston | 0.003846 | | ## JPMorgan Municipal ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | JPMorgan Institutional Tax Free Money Market Fund, Class IM | 0.097030 | ✓ | | CA CCEDEV 5 03/01/2036 | 0.009795 | | | OH BUCGEN 5 06/01/2055 | 0.006160 | | | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.005559 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.005521 | | | County of Utah UT | 0.004864 | | | BLACK BELT ENERGY GAS DISTRICT (MPT) 5.0% 03-01-55 | 0.004780 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.004722 | | | LONG ISLAND PWR-B | 0.004716 | | | MAIN STR NAT GA 5% 12/1/2052 MT | 0.004454 | | | ILLINOIS ST FIN AUTH REVENUE | 0.004077 | | | NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REVENUE | 0.003961 | | | CALIFORNIA COMMUNITY VAR | 0.003850 | | | TX SANUTL 02/01/2055 | 0.003786 | | | TX DALAPT 11/01/2050 | 0.003727 | | | WY CAMUTL 3.62 07/15/2039 | 0.003686 | | | MONTGOMERY INDL 0% 10/1/2053 MT | 0.003614 | | | MD HLTH & HGR EDU-B | 0.003474 | | | FRANKLIN HOSP-VAR-REF | 0.003474 | | | District of Columbia, Series 2025A | 0.003453 | | | SALES TAX SECURTZTN-C | 0.003429 | | | LOWER AL GAS DT-A-REF | 0.003418 | | | Harris County Cultural Education Facilities Finance Corp., Series 2024F | 0.003352 | | | ILLINOIS ST FIN AUTH REVENUE REGD V/R B/E 3.75000000 | 0.003099 | | | Salt River Project Agricultural Improvement & Power District, Series 2025, RB | 0.002951 | | | TX TAREDU 11/15/2064 | 0.002867 | | | TX TXSUTL 01/01/2055 | 0.002816 | | | MAIN STR NAT GA 5% 5/1/2055 MT | 0.002782 | | | OHIO ST UNIV REGD V/R B/E 2.35000000 | 0.002779 | | | State of Illinois, Series 2025D | 0.002772 | | | MAIN STR NAT GA 5% MT | 0.002753 | | | Grossmont-Cuyamaca Community College District, Election of 2002, Series 2008C | 0.002696 | | | NY TRNSPRTN DEV-AMT | 0.002690 | | | Main Street Natural Gas, Inc., Series 2025B | 0.002651 | | | TN TNSUTL 5 11/01/2034 | 0.002540 | | | NEW YORK MUNI WTR-AA2 | 0.002539 | | | MUNIBOND | 0.002506 | | | NOVELIS CORP (MPT) 5.0% 06-01-55 | 0.002473 | | | OHIO WTR DEV AUTH-A | 0.002470 | | | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE | 0.002394 | | | State of Washington, Various Purpose, Series 2026C | 0.002373 | | | Bergen County Improvement Authority (The), Series 2025 A | 0.002371 | ✓ | | RESTRUCTURED-SER A-2 | 0.002367 | | | TOBACCO SETTLEMENT FING CORP N TOBGEN 06/46 FIXED 5 | 0.002342 | | | State of Washington, Series 2026C | 0.002323 | | | State of North Carolina, Series 2019 | 0.002292 | | | MUNIBOND | 0.002286 | | | AL BBEUTL 5 07/01/2033 | 0.002260 | | | Harris County Cultural Education Facilities Finance Corp. (Texas Children's Hospital), Series 2015, VRD RB | 0.002258 | | | STRN UT INDN CO 5% 4/1/2035 | 0.002257 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-009312` (as of 2026-02-28) - N-PORT (fund B) — accession `0002071691-26-009323` (as of 2026-02-28) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _