The JPMorgan Mortgage-Backed Securities ETF (JMTG) is a $6.51 billion fixed income ETF that focuses on mortgage-backed securities. JMTG offers exposure to a diversified portfolio of agency and non-agency residential and commercial mortgages. With an expense ratio of 0.24%, it provides a relatively cost-effective way to access the mortgage-backed securities market. The fund's significant allocation to cash and other holdings, along with its technology sector exposure, differentiates it from traditional mortgage-backed securities ETFs.
The JPMorgan Mortgage-Backed Securities ETF (JMTG) is a $6.51 billion fixed income ETF that focuses on mortgage-backed securities. JMTG offers exposure to a diversified portfolio of agency and non-agency residential and commercial mortgages. With an expense ratio of 0.24%, it provides a relatively cost-effective way to access the mortgage-backed securities market. The fund's significant allocation to cash and other holdings, along with its technology sector exposure, differentiates it from traditional mortgage-backed securities ETFs.
ETF Overview
Invests primarily in mortgage-backed securities. Utilizes diversified portfolio of debt securities backed by pools of agency and non-agency residential and commercial mortgages
JMTG aims to provide investors with exposure to the mortgage-backed securities market by investing in a diversified portfolio of debt securities. These securities are backed by pools of agency and non-agency residential and commercial mortgages. The ETF's strategy involves allocating a significant portion of its assets to cash and other holdings (47.0%), which may provide liquidity and stability. A notable allocation to the Technology sector (31.0%) distinguishes JMTG from other mortgage-backed securities ETFs, potentially introducing a different risk/return profile. Financial Services (7.8%), Real Estate (5.8%), and Healthcare (4.9%) also receive allocations. The fund's top holding is JPMorgan Prime Money Market IM (JIMXX) at 2.89%. JMTG may be suitable for investors seeking exposure to the mortgage market with a potentially lower interest rate sensitivity due to its cash holdings and diversification into other sectors. Past performance does not guarantee future results.
Risk Metrics
JMTG's risk profile is influenced by its sector allocations and holdings. The significant allocation to Cash & Others (47.0%) reduces exposure to mortgage-backed securities risk but may also limit potential returns. The 31.0% allocation to the Technology sector introduces risks associated with the technology industry, which may not be directly correlated with the mortgage market. The fund's beta of 0.98 indicates that it has similar volatility to the broader market. The expense ratio of 0.24% creates a slight drag on performance, but it is relatively competitive within the fixed income ETF landscape. the may be worth researching potential impact of interest rate changes on mortgage-backed securities and the risks associated with the non-mortgage related sector allocations. Past performance does not guarantee future results.
JMTG, or the JPMorgan Mortgage-Backed Securities ETF, is a fixed income ETF managed by J.P. Morgan. It aims to provide investment results that closely correspond to the performance of the mortgage-backed securities market. The ETF invests primarily in debt securities backed by pools of agency and non-agency residential and commercial mortgages. As of 2026-03-15, JMTG has $6.51 billion in assets under management and holds 1932 individual securities, offering a diversified approach to accessing the mortgage-backed securities market.
What is the expense ratio for JMTG?
The expense ratio for JMTG is 0.24%. This means that for every $10,000 invested in the ETF, $24 is charged annually to cover the fund's operating expenses. While there isn't a specific category average available for mortgage-backed securities ETFs, the expense ratio is lower than the average for actively managed fixed income ETFs, which is around 0.50%. This makes JMTG a relatively cost-efficient option for investors seeking exposure to mortgage-backed securities.
What are the top holdings in JMTG?
As of 2026-03-15, the top holding in JMTG is JPMorgan Prime Money Market IM (JIMXX), comprising 2.89% of the fund's total assets. While specific details on other top mortgage-backed securities holdings are not available, the fund's description indicates a diversified portfolio of agency and non-agency residential and commercial mortgages. The fund's sector allocation shows significant investments in Cash & Others (47.0%) and Technology (31.0%).
Is JMTG a good long-term investment?
Whether JMTG is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon. JMTG offers exposure to the mortgage-backed securities market, which can provide diversification benefits within a broader portfolio. The fund's expense ratio of 0.24% is relatively competitive, and its AUM of $6.51 billion indicates strong investor interest. However, the significant allocation to cash and technology should be considered in the context of long-term investment objectives. Past performance does not guarantee future results.
How does JMTG compare to similar ETFs?
JMTG distinguishes itself from some similar ETFs through its sector allocations, particularly its significant investment in the Technology sector (31.0%). While many mortgage-backed securities ETFs focus primarily on mortgage-related assets, JMTG's diversification into technology provides a different risk/return profile. Its expense ratio of 0.24% is competitive, and its AUM of $6.51 billion suggests it is a well-established ETF. Investors should compare JMTG's specific holdings and sector allocations to other mortgage-backed securities ETFs to determine the best fit for their investment strategy.
Does JMTG pay dividends?
As of 2026-03-15, JMTG has a dividend yield of 0.00%. This indicates that the fund is not currently distributing income to shareholders in the form of dividends. Investors seeking income from their investments may want to consider other fixed income ETFs with a higher dividend yield. However, it is important to note that dividend yields can fluctuate over time based on market conditions and fund performance.