# Portfolio overlap — PMBAX vs JMUB Comparing **JPMorgan Tax Free Bond Fund** (2026-02-28) and **JPMorgan Municipal ETF** (2026-02-28). - Shared positions: 224 - JPMorgan Tax Free Bond Fund covered by JPMorgan Municipal ETF: 0.2626871506679899105275880417 - JPMorgan Municipal ETF covered by JPMorgan Tax Free Bond Fund: 0.2626871506679899105275880418 ## JPMorgan Tax Free Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | JPMorgan Institutional Tax Free Money Market Fund, Class IM | 0.050633 | ✓ | | WI UNVMED 04/01/2048 | 0.015930 | | | TN TGYPWR 12/01/2051 | 0.012208 | ✓ | | State of Louisiana Gasoline & Fuels Tax Revenue | 0.011713 | ✓ | | UNIV OF NORTH CAROLINA NC HOSP UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL | 0.009371 | | | BLACK BELT ENERGY GAS DISTRICT (MPT) 5.0% 03-01-55 | 0.009368 | ✓ | | Mt. San Antonio Community College District, Series 2013A | 0.008757 | | | MAIN STR NAT GA 5% MT | 0.008623 | ✓ | | Port Authority of New York & New Jersey, Series 93 | 0.008591 | ✓ | | NJ TRN TR FD-A-CABS | 0.008566 | | | State of Illinois, Series 2022B | 0.007910 | | | PORTLAND OR SWR SYS REVENUE | 0.007898 | | | MAIN STR NAT GA 4% MT | 0.007839 | ✓ | | LONG ISLAND PWR-B | 0.007061 | ✓ | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.007056 | ✓ | | SOUTHEAST ENRG 5% MT | 0.006969 | ✓ | | San Diego County Regional Airport Authority, Series 2023B | 0.006735 | ✓ | | OH BUCGEN 5 06/01/2055 | 0.006529 | ✓ | | MASSACHUSETTS ST | 0.006219 | | | NEW YORK ST DORM AUTH SALES TAX REVENUE | 0.006192 | ✓ | | NEW YORK ST PWR AUTH GREEN TRANSMISSION PROJ REVENUE | 0.006188 | ✓ | | NYC TRANS FIN AUTH-A1 | 0.006140 | ✓ | | CA CCEDEV 5 03/01/2036 | 0.006063 | ✓ | | Pennsylvania (Commonwealth of), Series 2024, GO Bonds | 0.006022 | | | CALIFORNIA ST INFRASTRUCTURE & REGD B/E 3.25000000 | 0.006001 | ✓ | | Washington Metropolitan Area Transit Authority, Series 2018, RB | 0.005965 | | | MI STRAT FND 4% MT@ | 0.005865 | ✓ | | Virginia Public Building Authority, Series 2015A | 0.005864 | ✓ | | MUNI ELEC AUTH OF GEORGIA REGD B/E 5.00000000 | 0.005862 | | | MUNIBOND | 0.005765 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.005641 | ✓ | | MASSACHUSETTS ST PORT AUTH SPL FACS REVENUE | 0.005541 | | | Metropolitan Nashville Airport Authority (The), Subordinate Airport, Series 2019A | 0.005400 | ✓ | | STATE OF NEW YORK SALES TAX REVENUE 5.25% 03-15-50 | 0.005293 | ✓ | | NYC TRANSITIONL-S-1 | 0.005262 | | | NY TRANS CORP 4% 10/1/2030@ | 0.005116 | | | MA ST 5% 4/1/2046 | 0.005086 | | | District of Columbia, Series 2025A | 0.005076 | ✓ | | MICHIGAN ST FIN AUTH REVENUE REGD B/E 4.00000000 | 0.005061 | | | Chicago O'Hare International Airport, Senior Lien, Series 2024A | 0.004636 | | | TX TAREDU 11/15/2064 | 0.004629 | ✓ | | INDIANA ST HSG & CMNTY DEV AUTH SF MTGE REVENUE | 0.004480 | | | TOBACCO SETTLEMENT FING CORP N TOBGEN 06/46 FIXED 5 | 0.004369 | ✓ | | Mount Vernon Independent School District, Unlimited Tax, Series 2023 | 0.004356 | | | CARROLLTON-FARMERS BRANCH TX INDEP SCH DIST | 0.004315 | | | WI PUBTRN 5.75 12/31/2065 | 0.004288 | ✓ | | OK WTR RESOURCES-A | 0.004276 | | | Los Angeles Department of Water & Power, Series 2025 A | 0.004226 | ✓ | | Buckeye Tobacco Settlement Financing Authority, Series 2020A-2, Class 1 | 0.004210 | ✓ | | WASHINGTON ST-A-GRP-1 | 0.004147 | | ## 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 `0002071691-26-009307` (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 _