Game-Changing Launch of the JPMorgan Active High Yield ETF
The JPMorgan Active High Yield ETF (JPHY) promises unique access to an innovative active high-yield investment strategy.
Today marks an important milestone as J.P. Morgan Asset Management unveils the JPMorgan Active High Yield ETF (JPHY) on the Cboe BZX Exchange. This dynamic fund is backed by a significant investment of $2 billion from a major institutional client, setting a new benchmark in the ETF landscape.
“We are thrilled to present JPHY at a scale unprecedented in the market, solidifying our reputation as the top active fixed income provider,” stated George Gatch, the CEO of J.P. Morgan Asset Management. “This launch is just the start of a larger movement towards active fixed ETFs, an area we predict will see substantial growth in assets over the coming years.” With J.P. Morgan at the forefront, the firm intends to continually expand its ETF offerings to best represent the depth of its fixed income platform.
JPHY focuses on high-yield debt securities, dedicating at least 80 percent of its assets to bonds rated below investment grade. The ETF aims to deliver generous current income while following a competitive pricing model of 45 basis points, ensuring accessibility for investors.
The unique nature of the high-yield market demands diligent security selection, given the varied return profiles of securities. Thanks to a team of experienced portfolio managers, including industry veterans like Robert Cook, Thomas Hauser, Jeffrey Lovell, John Lux, and Edward Gibbons, J.P. Morgan is well-equipped to navigate this landscape with expertise and stability.
“With the JPHY launch, we reaffirm our commitment to providing exceptional return opportunities within fixed income, a space that has traditionally seen only passive strategies,” expressed Robert Michele, the Global Head of Fixed Income. “The significant initial investment in JPHY reflects strong confidence in our approach and management team.”
Future investors in JPHY will enjoy the advantages that come with the fund's substantial $2 billion launch scale. This level of investment allows for immediate deployment of assets, enhancing liquidity and minimizing trading costs, enabling investors to maximize their opportunities in the market.
As the largest active fixed income ETF provider in the U.S., J.P. Morgan Asset Management boasts $55 billion in assets under management (AUM). The firm has attracted approximately $10 billion in flows year-to-date in the active fixed income sector, showcasing its leadership in the industry.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management oversees $3.7 trillion in assets, establishing itself as a global leader in investment management. Its diverse clientele includes institutions, retail investors, and high-net-worth individuals across various markets worldwide. The firm provides comprehensive global asset management solutions, spanning equities, fixed income, real estate, hedge funds, private equity, and liquidity services. To learn more, visit: www.jpmorgan.com/am.
JPMorgan Chase & Co. (NYSE: JPM) is recognized as a leading financial institution headquartered in the U.S. It operates globally, with $4.4 trillion in assets and $351 billion in stockholders' equity as of March 31, 2025. The firm excels in investment banking, financial services for consumers and small businesses, commercial banking, and asset management. Under the J.P. Morgan and Chase brands, they cater to millions of customers, including prestigious corporate and government clients around the world. More information about JPMorgan Chase & Co. can be found at www.jpmorganchase.com.
J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., an affiliate of JPMorgan Chase & Co. The affiliates receive fees for providing services to the funds. JPMorgan Distribution Services, Inc. is a FINRA member. Additional information is available at https://am.jpmorgan.com/us/en/asset-management/gim/adv/products/etfs.
Investors should always consider the objectives, risks, charges, and expenses related to an ETF prior to investing. The summary and full prospectuses provide valuable information about the ETF that should be read diligently before making an investment. For a prospectus, please call 1-844-4JPM-ETF.
Frequently Asked Questions
What is the J.P. Morgan Active High Yield ETF?
The J.P. Morgan Active High Yield ETF (JPHY) is an investment fund that primarily invests in high-yield debt securities, targeting significant current income.
How much has been invested in the JPHY at launch?
The fund is anchored by a $2 billion investment from a large institutional client, the largest for an active ETF launch to date.
Who leads the management of JPHY?
A seasoned team of portfolio managers, including Robert Cook, Thomas Hauser, and others, head the management of the JPHY, bringing years of experience to the fund.
What is the benchmark for JPHY?
The JPHY is benchmarked against the ICE BofA US High Yield Constrained Index, positioning it against industry standards.
What advantages does JPHY offer investors?
Investors can benefit from a significant scale at the fund's launch, which enhances liquidity and reduces trading costs compared to smaller funds.
