ETF Trends CEO Tom Lydon discussed the JPMorgan Ultra-Short Income ETF (JPST) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.
JPST seeks to provide current income while seeking to maintain a low volatility of principal. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in investment grade, U.S. dollar denominated short-term fixed, variable and floating rate debt. “Assets” means net assets, plus the amount of borrowings for investment purposes. As part of its principal investment strategy, it may invest in corporate securities, asset-backed securities, mortgage-backed and mortgage-related securities, and high quality money market instruments such as commercial paper and certificates of deposit.
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