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ETF comparison

JMST vs MUNI

Both US Municipal Bond.

JPMorgan Ultra-Short Municipal Income ETF · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

Holdings overlap

Weighted by ISIN/CUSIP
0.9 %

10 positions appear in both funds. Buying equal dollars of JMST and MUNI would leave roughly 0.9% of each dollar exposed to the same underlying securities.

JMST unmatched 95.8% Shared 0.9% MUNI unmatched 97.8%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In JMST only
1,880 positions
Shared
10 positions
In MUNI only
636 positions

Side by side

JMST

JPMorgan Ultra-Short Municipal Income ETF

JPMorgan · US Municipal Bond

90 composite / 100
Expense ratio
0.18%
Net assets
$7.62B
TTM yield
2.55%
Top-10 conc.
7.7%
MUNI

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

PIMCO · US Municipal Bond

79 composite / 100
Expense ratio
0.35%
Net assets
$3.09B
TTM yield
3.38%
Top-10 conc.
10.7%

Sub-score comparison

82
Cost
65
93
Tax efficiency
93
95
Liquidity
78
100
Concentration
99
—
Tracking quality
—
JMST sub-score MUNI

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

JMST is 17 bps cheaper than MUNI. On a $100,000 position that's about $170/yr more in fees for MUNI.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with JMST vs MUNI.

Top shared holdings

10 shared in total
# Holding In JMST In MUNI Overlap
1 Hillsborough County Industrial Development Authority 0.31% 0.55% 0.31%
2 Ohio Higher Educational Facility Commission 0.24% 0.65% 0.24%
3 Harris County Cultural Education Facilities Finance Corp. 0.17% 0.21% 0.17%
4 Illinois Finance Authority 0.07% 0.06% 0.06%
5 Rutherford County Health & Educational Facilities Board 0.04% 0.19% 0.04%
6 State of Connecticut 0.03% 0.12% 0.03%
7 Colorado Health Facilities Authority 0.03% 0.04% 0.03%
8 Maricopa County Industrial Development Authority 0.01% 0.28% 0.01%
9 Orange County Health Facilities Authority 0.00% 0.05% 0.00%
10 City of Minneapolis MN 0.00% 0.10% 0.00%

Only in JMST

1,880 total
  • New York City Municipal Water Finance Authority 1.02%
  • State of Washington 0.90%
  • Alaska Housing Finance Corp. 0.86%
  • State of Minnesota 0.78%
  • Township of Woodbridge NJ 0.71%
  • Maryland Health & Higher Educational Facilities Authority 0.71%
  • Bergen County Improvement Authority (The) 0.68%
  • Tarrant County Cultural Education Facilities Finance Corp. 0.67%
  • District of Columbia 0.67%
  • County of Hamilton OH Sales Tax Revenue 0.66%

Only in MUNI

636 total
  • United States Treasury 2.20%
  • United States Treasury 1.78%
  • United States Treasury 1.16%
  • United States Treasury 0.86%
  • Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.81%
  • Connecticut State Health & Educational Facilities Authority 0.81%
  • Black Belt Energy Gas District 0.81%
  • Texas Municipal Gas Acquisition & Supply Corp V 0.80%
  • Fort Bend Independent School District 0.79%
  • FHLMC Multifamily VRD Certificates 0.71%

Percentages are holdings overlap with the named fund.

Open JMST or MUNI at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.