JP Morgan’s asset management suggested converting mutual funds into ETFs | Jobs Vox


new york, December 15, 2022 /PRNewswire/ — JP Morgan Asset Management has announced plans to convert select US mutual funds into ETFs by 2022, following the successful conversion of four mutual funds into ETFs.

JP Morgan Asset Management logo (PRNewsfoto/JP Morgan Asset Management)

JP Morgan Asset Management logo (PRNewsfoto/JP Morgan Asset Management)

The proposed conversions, subject to Fund Board approval, are expected to provide benefits to mutual fund investors, including lower net costs (for at least three years from each conversion date). The added trading flexibility, transparency of portfolio holdings and potential for improved tax efficiency that come with ETFs will be of great value to many investors, and JP Morgan believes these unique strategies are well-suited to the ETF structure. The combined assets of the funds proposed for conversion are approx. 2 billion dollars (Effective 11/30/2022).

The board is expected to consider these conversions in February 2023. If approved, the following mutual funds will convert to actively managed open-end ETFs with investment strategies similar to existing mutual funds:

Mutual fund


Conversion date

JPMorgan High Yield Investment Fund (JTIAX)

$340 million


JPMorgan Sustainable Municipal Income Fund (OTBAX)

$243 million


JPMorgan Equity Focus Fund (JPFAX)

$209 million


JPMorgan Limited Duration Bond Fund (ONUAX)



*AUM as of 11/30/2022

By converting these four mutual funds into actively managed ETFs, JP Morgan offers active investment options in areas where investors typically look to mostly passive ETF solutions. If the board does not approve the conversions for any reason, then they will not happen.

JP Morgan Asset Management is announcing the proposed conversion plans in advance to provide shareholders and distributors with sufficient notice of the proposed conversions and to engage with JP Morgan in the implications of this important effort. If the conversions are approved by the fund’s board, it is expected that they will not require shareholder approval prior to implementation.

The JP Morgan Asset Management US ETF portfolio has 46 products 80.5 billion dollars Assets under management and is a top 10 ETF provider (via Bloomberg, 10/21/2022). As a leading active manager in the industry, JP Morgan Asset Management is committed to offering its investment capabilities through a wide range of vehicles including ETFs, mutual funds, syndicated funds, SMAs and liquid options.

About JP Morgan Asset Management

JP Morgan Asset Management, assets under management 2.3 trillion dollars (as of 9/30/2022) is a global leader in investment management. JPMorgan’s asset management clients include institutions, retail investors and high net worth individuals in major markets around the world. JP Morgan Asset Management provides global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information:

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm in its assets. 3.7 trillion dollars And jobs around the world. The firm is a leader in investment banking, consumer and small business financial services, commercial banking, financial transaction processing and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. It serves millions of customers America and a number of world-renowned corporate, institutional and government clients under the JP Morgan and Chase brands. About JPMorgan Chase & Co. Information is available at JP Morgan Asset Management is the trading name for the asset management businesses of JPMorgan Chase & Co. and its affiliates worldwide.

JPMorgan Mutual Funds and ETFs through JPMorgan Distribution Services, Inc. distributed, which is JPMorgan Chase & Co. Affiliates include JPMorgan Chase & Co. The Affiliate receives fees for providing various services to the Fund. JPMorgan Distribution Services, Inc. It is a member of FINRA. More information is available at

Investors should carefully consider the investment objectives and risks as well as the fees and expenses of the fund before investing. The Summary and Full Prospectus contain this and other information about the Funds and should be read carefully before investing. To obtain a prospectus, call 1-800-480-4111.

If the proposed conversions described herein are approved by the Board, an information statement/prospectus will be filed with the SEC to be included in a registration statement on Form N-14. The registration statement can be amended or canceled after it has been filed with the SEC and the information statement/prospect will not be distributed to the shareholders until the registration statement has been approved by the SEC. Investors are urged to read the prospectus and other related documents when they become available because they contain important information about the conversions. After filing, free copies of the materials are available on the SEC’s website at These materials are available at and a paper copy may be obtained free of charge by calling 1-800-480-4111.

This communication is for informational purposes only and does not constitute any guarantees of sale. In the year No securities are issued except pursuant to a prospectus that meets the requirements of Section 10 of the Securities Act of 1933.

Not FDIC insured No bank guarantee | It may lose value.



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