J.P. Morgan Asset Management rounded out its fixed-income ETF line up with an actively managed bond strategy to deliver core exposure that taps into some of the best ideas out of J.P. Morgan’s fixed-income platform.
The recently launched JPMorgan Core Plus Bond ETF (JCPB) has a 0.40% net expense ratio. The new active ETF will be managed by J.P. Morgan’s Steven Lear, Richard Figuly and J. Andrew Norelli.
The JPMorgan Core Plus Bond ETF tries to generate a high level of income by investing in high-, medium- and low-grade debt securities, according to the fund’s prospectus.
The ETF will include exposure to corporate bonds, U.S. treasury obligations and other U.S. government and agency securities and asset-backed, mortgage-related and mortgage-backed securities. JPCB may invest in debt securities rated below investment grade (i.e., high yield or junk bonds) or the unrated equivalent, including from foreign and emerging markets.