JPST Dividend: Next Ex-Date, History & Total Return

The JPMorgan Ultra-Short Income ETF (JPST) seeks to provide current income while seeking to maintain a low volatility of principal. Under normal circumstances, it pursues that goal by investing in investment grade, U.S. dollar denominated short-term fixed, variable and floating rate debt.¹

As part of its principal strategy, JPST 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. The asset-backed securities it may hold include "sub-prime" securities and collateralized loan obligations (CLOs), which the prospectus describes as trusts or other special purpose entities collateralized by pools of loans.¹

JPST's other permitted investments include U.S. Treasury securities, U.S. government and agency securities, foreign government securities, repurchase agreements, zero-coupon securities and privately placed securities. All of its securities will be U.S. dollar-denominated, even when a foreign corporation or foreign government issues them.¹

J.P. Morgan's distribution calendar and the fund's fact sheet both list JPST as paying distributions monthly. The calendar notes that the funds may pay income or capital gain distributions beyond those listed and that there is no guarantee distributions will be made.^2,3

JPST seeks to maintain a duration of one year or less, although under certain market conditions, such as periods of significant volatility in interest rates and spreads, its duration may be longer than one year. The prospectus defines duration as a measure of price sensitivity to relative changes in interest rates.¹

The fund will concentrate its investments in the banking industry, putting more than 25% of its assets in bank-issued securities under normal conditions. Developments affecting banks may have a disproportionate impact on the fund.¹

At the time of investment, its investment grade debt must be rated at least P-2, A-2 or F2 short term, or Baa3 from Moody's or BBB– from S&P or Fitch long term, or an equivalent from another rating organization, or be unrated but judged comparable by the adviser. JPST also may invest in securities rated below investment grade or the unrated equivalent, which generally offer a higher yield but involve a high degree of risk.¹

Because JPST is not managed to a benchmark, J.P. Morgan Investment Management Inc. has broad discretion to shift its sector and strategy exposure as markets change. The adviser picks securities after a risk/reward analysis of their characteristics, including income, interest rate risk, credit risk and the complex legal and technical structure of the transaction.¹

Dividend Stacker's record of past payments covers completed calendar years, with amounts adjusted for any share splits or reverse splits. JPST made 12 distributions totaling $1.04 per share in 2018, then $1.35 in 2019, up 30.7%. The annual total fell 46.2% to $0.7284 in 2020 and another 49.5% to $0.3677 in 2021, with 13 distributions in each of those years.⁴

The annual total rose 149.2% to $0.9162 across 13 distributions in 2022. It rose 162.8% to $2.41 in 2023 and 7.9% to $2.60 in 2024. In 2025 the fund paid $2.24 per share over 12 distributions, down 13.7% from 2024.⁴

When interest rates rise, the value of JPST's debt securities generally declines. Its floating and variable rate securities reset their rates at intervals that may range from daily up to annually, or when an event such as a change in the prime rate occurs. Their value may decline if their rates do not rise as quickly, or as much, as general interest rates, and they may be subject to greater liquidity risk than other debt securities.¹

JPST's investments are subject to the risk that issuers, guarantors and/or counterparties will fail to make payments when due or default completely. Below investment grade securities may be subject to greater risk of loss, including substantial or total loss. U.S. dollar denominated securities of foreign issuers may be subject to additional risks not faced by domestic issuers, and privately placed securities generally are less liquid than publicly traded securities.¹

Asset-backed, mortgage-related and mortgage-backed securities carry prepayment and call risks: when obligations are prepaid or called, JPST may have to reinvest in securities with a lower yield. In periods of either rising or declining rates, JPST may be subject to extension risk and may receive principal later than expected.¹

In certain market conditions, JPST may use futures to hedge, manage risk or seek to increase income or gain. The prospectus says derivatives may increase volatility, create leverage and fail to perform as expected.¹

JPST is not a money market fund. Although it seeks to provide low volatility of principal, its net asset value (NAV) and market value will fluctuate every day, and these fluctuations may be significant on certain days. Investors could lose money in JPST.¹