YTD
As of 02/28/2025
0.70%
Fund size
As of 03/31/2025
-
Yield to maturity (USD)
As of 02/28/2025
4.25%
Risk indicator
default risk indicator text
1
2
3
4
5
6
7
Lower risk/ potential reward Not risk-free
Higher risk/potential reward
Fund Facts
TickerBB3M
ISINIE00BMD8KM66
Asset ClassFixed Income
RegionGlobal
Denominated CurrencyUSD
Share class currencyUSD
Fund Inception Date02/17/2021
Share Class Inception Date02/17/2021
DomicileIreland
Fund Stats
Total fund size
As of 03/31/2025-
As of 03/31/2025-
Number of Holdings
24
24
Fiscal year end
31 December
31 December
UK reporting status
Yes
Yes
Securities lending
Yes
Yes
Investment Objective
The Sub-Fund seeks to provide an exposure to the performance of US Dollar-denominated fixed rate government bonds issued by the US Treasury with a remaining maturity of less than or equal to three months.
Risk Profile
- The value of your investment may fall as well as rise and you may get back less than you originally invested.
- The value of debt securities may change significantly depending on economic and interest rate conditions as well as the credit worthiness of the issuer. Issuers of debt securities may fail to meet payment obligations or the credit rating of debt securities may be downgraded.
- The Sub-Fund is not expected to track the performance of the Index at all times with perfect accuracy. The Sub-Fund is, however, expected to provide investment results that, before expenses, generally correspond to the price and yield performance of the Index.
- To the extent that the Sub-Fund uses financial derivative instruments, the risk profile and the volatility of the Sub-Fund may increase. That notwithstanding, the risk profile of the Sub-Fund is not expected to significantly deviate from that of the Index as a result of its use of financial derivative instruments.
- The single market in which the Sub-Fund invests may be subject to particular political and economic risks, and as a result, the Sub-Fund may be more volatile than more broadly diversified funds.
List of exchanges
| Exchange | Ticker | Ccy | Listing date | SEDOL | BBG Ticker | RIC |
| London Stock Exchange | BB3M | USD | 02/23/2021 | BNBTGJ7 | BB3M LN | BB3M.L |
| London Stock Exchange | BBM3 | GBP | 02/23/2021 | BNBTGL9 | BBM3 LN | BBM3.L |
| Bolsa Mexicana De Valores | BB3MN | MXN | 05/26/2021 | BNZFJL4 | BB3MN MM | BB3MN.MX |
Authorised participants
BNP Paribas Arbitrage S.N.C.
Barclays Capital Securities Limited
Citigroup Global Markets Limited
DRW Europe B.V.
Flow Traders B.V.
Goldenberg Hehmeyer LLP
Goldman Sachs International
HSBC Bank plc
Jane Street Financial Limited
Jefferies GmbH
Merrill Lynch International
Morgan Stanley & Co. International plc
Old Mission Europe LLP
Optiver VOF
RBC Europe Limited
Societe Generale S.A.
Susquehanna International Securities Limited
UBS AG London Branch
UniCredit Bank AG
Virtu Financial Ireland Limited
Portfolio Managers
Portfolio Manager
16 years
In the industry
16 years
With J.P. Morgan
Less than one year
Managing this fund
Kim Crawford
Portfolio Manager
11 years
In the industry
11 years
With J.P. Morgan
1 year
Managing this fund
Portfolio Manager
13 years
In the industry
13 years
With J.P. Morgan
Less than one year
Managing this fund
Registered countries
Austria
02/17/2021
Denmark
02/11/2021
Finland
02/11/2021
France
02/11/2021
Germany
02/11/2021
Ireland
01/19/2021
Luxembourg
02/11/2021
Netherlands
02/11/2021
Norway
02/11/2021
Portugal
02/11/2021
Spain
02/11/2021
Sweden
02/11/2021
United Kingdom
02/11/2021
Risk indicator
default risk indicator text
1
2
3
4
5
6
7
Lower risk/ potential reward Not risk-free
Higher risk/potential reward
Fund Facts
TickerBB3M
ISINIE00BMD8KM66
Asset ClassFixed Income
RegionGlobal
Denominated CurrencyUSD
Share class currencyUSD
Fund Inception Date02/17/2021
Share Class Inception Date02/17/2021
DomicileIreland
Fund Stats
Total fund size
As of 03/31/2025-
As of 03/31/2025-
Number of Holdings
24
24
Fiscal year end
31 December
31 December
UK reporting status
Yes
Yes
Securities lending
Yes
Yes
Performance
Benchmark
ICE 0-3 Month US Treasury Notes & Bills Index
Benchmark ticker: GT3S
Cumulative
As of 02/28/2025
Annualised
As of 02/28/2025
Performance - Cumulative
| 1 MONTH | 3 MONTHS | 1 YEAR | 3 YEARS | 5 YEARS | SINCE INCEPTION | |
|---|---|---|---|---|---|---|
| JPM - USD (acc) | 0.32% | 1.08% | 5.06% | 12.81% | - | 12.78% |
| Benchmark | 0.33% | 1.09% | 5.13% | 13.02% | - | 13.06% |
| Excess return (geometric) | 0.00% | -0.01% | -0.07% | -0.19% | - | -0.25% |
Performance - ANNUALIZED
| 3 YEARS | 5 YEARS | SINCE INCEPTION | |
|---|---|---|---|
| JPM - USD (acc) | 4.10% | - | 3.03% |
| Benchmark | 4.16% | - | 3.09% |
| Excess return (geometric) | -0.06% | - | -0.06% |
Past performance is not a guide to current and future performance. The value of your investments and any income from them may fall as well as rise and you may not get back the full amount you invested.
Source: J.P. Morgan Asset Management. Share class performance is shown based on the NAV (net asset value) of the share class with income (gross) reinvested including actual ongoing charges excluding any entry and exit fees. Performance is shown based on the NAV which may not be the same as the market price of the ETF. Individual shareholders may realise returns that are different to the NAV based returns.
The return of your investment may change as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation.
Indices do not include fees or operating expenses and you cannot invest in them.
The benchmark is for comparative purposes only unless specifically referenced in the Sub-Funds' Investment Objective and Policy.
Fees
Ongoing charge
0.07%
The ongoing charge is the charge used in the EU PRIIPs KID. This charge represents the total cost of managing and operating the fund, including management fees, administrative costs, and other expenses (excluding transaction costs).The breakdown of costs are the max as detailed in the fund?s prospectus. For more detailed information, please refer to the fund's prospectus and the PRIIPs KID available on our website.
Securities lending overview
Securities lending is a long-established practice that can potentially increase returns for shareholders in investment funds that participate in the J.P. Morgan Asset Management Securities Lending Programme. Securities lending works by allowing a fund to temporarily lend securities that it owns to an approved borrower in return for a fee. The borrower is required to provide sufficient collateral to compensate the fund if the borrower fails to return the loaned securities in the agreed timeframe, subject to certain counterparty and liquidity risks.
Fee Split
A significant proportion of the income generated from the securities lending program is credited to participating Sub-Funds, with a portion of the income being paid to J.P. Morgan SE - Luxembourg Branch for its role as securities lending agent for the ICAV. Borrowers of securities lent by participating Sub-Funds are approved by the Management Company after appropriate assessment of such borrowers’ status and financial standing. The Management Companywaives the incremental income received from the portion of income generated from the securities lending program, for its oversight of the program; hence, 90% of any incremental income earned from the securities lending is accrued to the applicable Sub-Fund, whilst the remaining 10% income is paid to the securities lending agent which arranges the transaction. The net income earned from the securities lending program is detailed in the financial statements.
Securities lending data
As of 02/28/2025
| Annual Securities Lending Return (%) | 0.005% | |||
| Average value of positions-on-loan (% of AUM) | 1.341% | |||
| Maximum-on-loan (% of AUM) | 6.053% | |||
| Average value of collateral (% of AUM) | 107.690% | |||
Download data
If zero values shown sub fund has not actively lent securities during the reported period.
12 month Net revenue divided by the average NAV of the fund over the same period.
Calculated as daily market value of outstanding loans / daily average holdings.
Calculated as highest daily market value of outstanding loans / daily average holdings.
Calculated as the average prorated collateral level over the month - please note ETFs are collateralised at the program level and continue to be backed by the Agent Lender balance sheet indemnity.
Top positions of securities held as collateral
As of 03/31/2025
| ISIN | Name | Currency | Weight |
| US67066G1040 | NVIDIA CORP COMMON STOCK USD 0.001 | USD | 3.14% |
| US91282CMU26 | UNITED STATES OF AMERICA NOTES FIXED 4% 31/MAR/2030 USD 100 | USD | 3% |
| US0378331005 | APPLE INC COMMON STOCK USD 0.00001 | USD | 2.91% |
| US30303M1027 | META PLATFORMS INC COMMON STOCK USD 0.000006 | USD | 1.64% |
| US0079031078 | ADVANCED MICRO DEVICES INC COMMON STOCK USD 0.01 | USD | 1.51% |
| US0231351067 | AMAZON.COM INC COMMON STOCK USD 0.01 | USD | 1.51% |
| US5949181045 | MICROSOFT CORP COMMON STOCK USD 0.00000625 | USD | 1.42% |
| CA135087VS05 | CANADIAN GOVERNMENT REAL RETURN BOND BOND FIXED 4.25% 01/DEC/2026 CAD 1000 | USD | 1.41% |
| US4781601046 | JOHNSON & JOHNSON COMMON STOCK USD 1 | USD | 1.41% |
| US0605051046 | BANK OF AMERICA CORP COMMON STOCK USD 0.01 | USD | 1.4% |
Download data
The lending program is collateralised at the program level, including other EMEA JPM fund ranges and is hence covered by the pool of held collateral assets. Information shown is the calculated prorated month end position for the period.
Approved borrowers
Bank of Montreal (London Branch)
Bank of Nova Scotia (London Branch)
Barclays Bank PLC
Barclays Capital Securities Limited
Citigroup Global Markets Limited
Credit Suisse AG (Dublin branch)
Credit Suisse Securities (Europe) Ltd
Goldman Sachs International
HSBC Bank Plc
ING Bank N.V
Merrill Lynch International
Morgan Stanley & Co International PLC
Natixis
Skandinaviska Enskilda Banken AB (publ)
Societe Generale SA
UBS AG (London Branch)
Credit Suisse International
Bank of Montreal (Chicago and NY Branch)
Barclays Capital Inc
BMO Capital Markets Corp
BMO Capital Markets Limited
BMO Nesbitt Burns Inc.
BNP Paribas SA
BNP Paribas Arbitrage SNC
BNP Paribas Prime Brokerage International Ltd
BNP Paribas Securities Corporation
BofA Securities Inc
Cantor Fitzgerald & Co
CF Secured LLC
CIBC World Markets Corp
CIBC World Markets Inc
Citigroup Global Markets Europe AG
Citigroup Global Markets Inc
Commerzbank AG
Credit Suisse AG (New York Branch)
Credit Suisse Securities (USA) LLC
Danske Bank A/S
Deutsche Bank AG (London Branch)
Deutsche Bank Securities Incorporated
Goldman Sachs & Co LLC
Healthcare of Ontario Pension Plan Trust Fund
HSBC Securities (USA) Inc.
ING Bank NV (London Branch)
ING Financial Markets LLC
Interactive Brokers LLC
Jefferies International Limited
Jefferies LLC
Lloyds Bank PLC
Lloyds Bank Corporate Markets PLC
Macquarie Bank Limited (London Branch)
Mizuho Securities USA LLC
Morgan Stanley & Co. LLC
MUFG Securities Americas Inc
MUFG Securities EMEA PLC
National Bank Financial Inc
NatWest Markets PLC
NatWest Markets Securities Inc
NBC Global Finance Limited
Nomura International PLC
Nomura Securities International Inc
Pershing LLC
RBC Capital Markets LLC
Santander UK plc
Scotia Capital (USA) Inc
SG Americas Securities LLC
Societe Generale (London Branch)
Societe Generale (New York Branch)
Societe Generale (Paris Branch)
Standard Chartered Bank
TD Prime Services LLC
The Bank of Nova Scotia
UBS Europe SE
UBS Securities LLC
Wells Fargo Bank NA
Wells Fargo Clearing Services LLC
Wells Fargo Securities LLC
Collateral requirements
| Type of loan | Minimum collateral requirement | |||
| Dollar denominated securities secured by Dollar denominated government securities | 102% | |||
| Dollar denominated securities secured by non-Dollar denominated government securities | 105% | |||
| Non-Dollar denominated securities secured by government securities or cash collateral in the same denomination as the lent securities | 102% | |||
| Non-Dollar denominated securities secured by government securities or cash collateral in a different denomination as the lent securities | 105% | |||
| Dollar and non-Dollar denominated securities secured by equity securities collateral | 110% | |||