##  [# JP Morgan Debuts Income ETF](/sections/daily-etf-watch/jp-morgan-debuts-income-etf) 

 

# JP Morgan Debuts Income ETF

 

 

The new fund shares the same strategies as a long-running mutual fund.



 

 

 

 

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[By Dan Mika](/contributors/dan-mika)

 Nov 02, 2021

 Edited by: Dan Mika

 

 

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JPMorgan Asset Management is launching an ETF clone of its seven-year-old income-focused fixed income mutual fund.

The [**JPMorgan Income ETF (JPIE)**](https://www.sec.gov/Archives/edgar/data/0001485894/000119312521306550/d108585d497k.htm) debuted on the NYSE Arca Tuesday with an expense ratio of 0.41%.

The actively managed, fully transparent fund aims to generate monthly distributions through collecting dividends on a range of fixed income products. The ETF also aims to keep its portfolio’s duration at or below 10 years.

JPIE’s strategy appears adapted from the [JPMorgan Income mutual fund](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-income-fund-i-46637k224), and shares the same management team of Andrew Norelli, Andrew Headley and Thomas Hauser. The mutual fund currently has a 30-day SEC yield of 3.38% after fee waivers and reimbursements, and carries the same 0.41% expense ratio as JPIE.

The ETF is also a longer-duration alternative to the [**JPMorgan Ultra-Short Income ETF (JPST)**](https://www.etf.com/JPST), an $18.4 billion fund that aims to keep its effective duration under a year.

*Contact Dan Mika at* [***dan.mika@etf.com***](mailto:dmika@etf.com)*, and follow him on* [***Twitter***](https://twitter.com/DanMikaTweets)



 

 

 [ Dan Mika ](/contributors/dan-mika) 

 

 

  Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in…   [View Bio](/contributors/dan-mika)

 



 

 


 Related Topics  [Fixed Income](http://www.etf.com/topics/fixed-income) 

 [Income](http://www.etf.com/topics/income) 

 [Capital Appreciation](http://www.etf.com/topics/capital-appreciation) 

 [Active Management](http://www.etf.com/topics/active-management)