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J.P. Morgan Exchange-Traded Fund Trust - JPMorgan High Yield Municipal ETF is an exchange traded fund launched and managed by J.P. Morgan Investment Management Inc. It invests in the fixed income markets of the United States. It primarily invests in municipal securities, the income from which is exempt from federal income tax. It invests in the investment grade securities that are rated as BBB- or higher by S&P and Fitch and Baa3 by Moody’s. The fund invests in securities of issuers that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund benchmarks the performance of its portfolio against the Bloomberg US Municipal Index, the Bloomberg High Yield Municipal Bond Index and the Bloomberg 65% High Grade/35% High Yield TR Index. J.P. Morgan Exchange-Traded Fund Trust - JPMorgan High Yield Municipal ETF was formed on September 17, 2007 and is domiciled in the United States. J P Morgan Exchange-Traded Fund Trust - High Yield Municipal Etf Fund is headquartered in New York, New York.