At a glance
JSCP charges 0.33% a year, above the 0.14% average of the 7 funds most like it (the 6th cheapest of 8). It has $1.82B in assets, the 8th largest of that group; it paid 4.48% of its price in distributions over the past 12 months, monthly. Over the past year it returned +1.3% with distributions reinvested, 3rd of those 8 funds; over three years it returned +5.6% a year. At its worst it fell 7.7% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 15 months after the low. Its ten largest positions make up 18.3% of the fund, out of 1,307 in all.
The short version
JPMorgan Short Duration Core Plus ETF (JSCP) is an actively managed bond fund. It holds mostly investment-grade U.S. bonds and mortgage securities, plus some high-yield and foreign debt, and aims to keep duration (its sensitivity to interest rates) at three years or less. It pays monthly, with a trailing 12-month yield of 4.48% as of October 27, 2026. Its 0.33% expense ratio is well above the 0.14% average of similar funds.
Price history
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JSCP +1.3% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| JSCP official prospectus, to Dec 31, 2025 | — | +6.85% | — | — | — | +2.52% |
| JSCP price data to Oct 27, 2026 | +0.5% | +1.3% | +5.6% | +2.4% | — | +2.3% |
- Over the year to Oct 27, 2026, JSCP returned +1.3%, 3rd of 8 among similar funds.
- Its 5-year annualized return was +2.4%.
- Its worst full calendar year was 2022 (-5.8%); its best was 2025 (+6.9%).
- The deepest fall in its price history was 8.9% (Sep 15, 2021 to Oct 20, 2022), recovered by Mar 27, 2024.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +0.5% | — |
| 2025 | +6.9% | +6.85% |
| 2024 | +5.0% | +5.08% |
| 2023 | +6.2% | +6.22% |
| 2022 | -5.8% | -5.82% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 7.6% over that stretch · deepest drop along the way 7.7%, back to its old high 14.5 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.5600 | |
| 2025 | $2.2100 | 0.0% |
| 2024 | $2.2100 | +14.5% |
| 2023 | $1.9300 | +70.8% |
| 2022 | $1.1300 |
What's inside
As of Aug 31, 2026, the fund held 1,307 securities; the ten largest made up 18.25% of assets, and 3.59% sat in cash and money-market holdings.
| Holding | Weight | |
|---|---|---|
| United States of America Bonds and notes | 3.69% | |
| United States of America Bonds and notes | 2.60% | |
| United States of America Bonds and notes | 2.14% | |
| United States of America Bonds and notes | 1.89% | |
| United States of America Bonds and notes | 1.79% | |
| United States of America Bonds and notes | 1.53% | |
| United States of America Bonds and notes | 1.43% | |
| United States of America Bonds and notes | 1.17% | |
| United States of America Bonds and notes | 1.06% | |
| FHLMC Pool Mortgage-backed securities | 0.96% | |
| United States of America Bonds and notes | 0.82% | |
| FNMA Mortgage-backed securities | 0.73% | |
| FNMA Mortgage-backed securities | 0.69% | |
| United States of America Bonds and notes | 0.63% | |
| FHLMC Pool Mortgage-backed securities | 0.55% |
By country
United States 80.02%United Kingdom 3.27%Canada 2.52%France 1.89%Japan 1.54%By issuer
Companies 55.59%US Treasury 19.36%US government-sponsored enterprises 19.01%Foreign governments 1.56%US government agencies 1.16%The bonds mature in 10.7 years on average (weighted by size), with an average coupon of 5.13%.
Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors added a net $361.3M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.20%, -0.15%, +0.33%.
How it works
JSCP does not track an index. Managers at J.P. Morgan Investment Management pick bonds across many sectors. The goal is total return while trying to preserve capital. At least 80% of assets go to "core plus" debt. The "core" is U.S. investment-grade bonds. The "plus" is U.S. high-yield (junk) bonds and foreign and emerging-markets debt. At least 70% must be rated investment grade when bought. High yield is capped at 30% and can include distressed debt. Foreign securities are capped at 25%.
The prospectus sets sector ranges, which the adviser can change: Treasury and agency debt 10% to 50%, investment-grade corporate bonds 20% to 50%, and agency mortgage-backed securities 10% to 30%. Asset-backed, commercial mortgage and high-yield corporate debt can each make up as much as 20%, and emerging-markets debt as much as 15%. The fund aims for a duration of three years or less, though it can run longer when markets are volatile. With a three-year duration, a 1% rise in rates would push the price down about 3%.
As of August 31, 2026, the fund held 1,307 securities, and the 10 largest made up 18.25% of assets. The biggest were U.S. Treasury notes, led by one at 3.7%, along with 30-year Freddie Mac and Fannie Mae mortgage pools. It also uses Treasury futures, credit derivatives and mortgage "dollar rolls." Portfolio turnover was 72%.
What it really costs
- JSCP charges 0.33% a year, versus an average of 0.14% for the similar funds below (6th of 8, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $34 in the first year and $418 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| JSCP | $34 | $106 | $185 | $418 |
Structure and tax notes
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
JSCP is a short-duration, mostly investment-grade bond fund whose price has moved far less than stocks, so it fits the steadier side of a portfolio.
JSCP could add steadiness and monthly income to the bond side of a portfolio. Its three-year volatility was 2.5%, and its trailing 12-month yield was 4.48% as of October 27, 2026. The fund launched in March 2021, so it has no record from the 2008 crisis or the 2020 COVID crash. In the 2022 bear market it fell 7.7% and took about 14.5 months to recover, by December 27, 2023. Its deepest drop was 8.9%, from September 2021 to October 2022, and recovery took 17.2 months. Its worst calendar year was 2022, at -5.82%.
Anyone who had to sell shares in 2022 would have taken a loss, though the monthly income kept coming. Costs run higher than broad bond index funds. Under the SEC's $10,000 example, costs come to $34 after one year and $418 after 10 years. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors seeking monthly bond income: the trailing 12-month yield was 4.48% as of October 27, 2026.
- People who want a manager to shift among Treasuries, mortgage securities, corporate bonds and some high-yield debt instead of tracking a fixed index.
- Savers wanting a low-volatility holding: three-year volatility was 2.5%, and the worst calendar year, 2022, lost 5.82%.
Look elsewhere if
- Cost-focused investors: the 0.33% expense ratio is about 11 times the 0.03% charged by BND, AGG or SCHZ.
- Anyone wanting only government or investment-grade bonds, since up to 30% may go to high-yield, distressed, foreign or emerging-markets debt.
- Investors wanting a long track record: launched in March 2021, it has no history through the 2008 crisis or 2020 crash.
Close alternatives
Matched by bond funds with the closest average maturity and issuer mix (N-PORT).
| Fund | Avg. maturity | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| JSCP this fund | 10.7 yrs | 0.33% | $1.82B | +1.3% | +5.6% |
| IUSB iShares Core Total USD Bond Market ETF | 11.8 yrs | 0.06% | $43.00B | -0.3% | +5.1% |
| BND Vanguard Total Bond Market ETF | 11.7 yrs | 0.03% | $397.11B | -0.4% | +4.7% |
| AGG iShares Core U.S. Aggregate Bond ETF | 12.4 yrs | 0.03% | $138.32B | -0.4% | +4.7% |
| PULS PGIM Ultra Short Bond ETF | 8.8 yrs | 0.15% | $18.71B | +4.1% | +5.2% |
| SCHZ Schwab U.S. Aggregate Bond ETF | 12.5 yrs | 0.03% | $10.60B | -1.1% | +5.2% |
| FBND Fidelity Total Bond ETF | 14.4 yrs | 0.36% | $28.16B | -0.2% | +5.4% |
| MINT PIMCO Enhanced Short Maturity Active Exchan… | 6.3 yrs | 0.35% | $16.43B | +3.9% | +4.9% |
Questions investors ask
Does JSCP pay monthly dividends?
Yes. JSCP pays income every month. Over the 12 months to October 27, 2026, it paid $2.07 per share, a trailing yield of 4.48%. Because the fund holds bonds, the payouts come from interest, not company dividends. The amount can change from month to month as the fund's holdings and interest rates change.
What's the difference between JSCP and IUSB?
The biggest differences are cost and approach. J.P. Morgan actively manages JSCP, targets a duration of three years or less, and can put up to 30% in high-yield bonds. JSCP charges 0.33% a year, compared with 0.06% for the iShares Core Total USD Bond Market ETF (IUSB). Over one year, JSCP returned 1.3% as of October 27, 2026, while IUSB returned -0.5% as of October 29, 2026. Both returned 5.6% a year over three years. IUSB is much larger.
Does JSCP hold junk bonds?
Yes, within limits. Under normal conditions, at least 70% of net assets must be rated investment grade (or judged equivalent) when bought. No more than 30% can go to below-investment-grade, or "junk," bonds, and these can include distressed debt. The prospectus allows 0% to 20% in high-yield corporate debt and 0% to 15% in emerging-markets debt. Junk bonds pay more interest because their issuers are more likely to default.
Can JSCP lose money?
Yes. Its deepest drop was 8.9%, from September 15, 2021, to October 20, 2022, and it didn't recover until March 27, 2024, about 17 months later. Its worst calendar year was 2022, at -5.82%. Its worst quarter was -3.53%, in the first quarter of 2022. Rising interest rates, bond issuers that miss payments, mortgage prepayments and currency moves can all cause losses.
What is JSCP's expense ratio?
JSCP's expense ratio is 0.33% a year, according to the prospectus filed June 23, 2026, and there is no fee waiver. The SEC's standard example assumes $10,000 invested, a 5% annual return, and shares sold at the end of each period. On that basis, costs would be $34 after one year, $106 after three, $185 after five and $418 after 10. That ranks 6th of 8 on cost among similar funds, whose average is 0.14%.