Fund · JPMorgan Flexible Debt ETF · measured from SEC filings
JFLX holdings
JFLX reports 1,630 holdings and behaves like 73.4 equally weighted ones, computed from its SEC Form N-PORT filing for 2026-05-31. The fact sheet publishes the first number; this page computes the second, and shows what the weights do to it.
Measured concentration
as of 2026-05-31This figure is not comparable with other funds
swap and futures notional is 334% of net assets: the fund's exposure is delivered by derivatives, and a count of its filed positions does not describe it. See the exposure section for what the notional is written on
The figure below is what the filing says, published unchanged. What it may not do is sit beside a plain long-only fund and be read as the same quantity. How comparability is decided.
Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 10.23% at a quoted market price (level 1), 61 issuer countries, 40.68% restricted securities.
What stands out
as of 2026-05-31The largest line in JFLX's filing is not a stock but JPMorgan Prime Money Market Fund, Class IM, a short-term position at 10.48% of net assets. Between the 2026-02-28 and 2026-05-31 filings 150 positions were added and 138 dropped; 20.0% of the weight moved. the United States is the largest country at 74.52% of the portfolio, across 61 countries in the filing.
Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable bond funds on this site. Nothing here is a view on the fund.
Largest positions, as filed
as of 2026-05-31The 15 largest of 1,630 positions in JFLX's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: JFLX.csv.gz.
| # | Position | Weight | Cumulative |
|---|---|---|---|
| 1 | JPMorgan Prime Money Market Fund | 9.97% | 10.0% |
| 2 | GNMA | 3.30% | 13.3% |
| 3 | GNMA | 2.86% | 16.1% |
| 4 | GNMA | 2.10% | 18.2% |
| 5 | United Mexican States | 1.03% | 19.3% |
| 6 | FNMA | 0.81% | 20.1% |
| 7 | AerCap Ireland Capital DAC | 0.71% | 20.8% |
| 8 | FNMA | 0.62% | 21.4% |
| 9 | Republic of South Africa | 0.60% | 22.0% |
| 10 | United Mexican States | 0.51% | 22.5% |
| 11 | United Mexican States | 0.46% | 23.0% |
| 12 | FHLMC | 0.44% | 23.4% |
| 13 | A10 Revolving Asset Financing I LLC | 0.42% | 23.8% |
| 14 | Republic of Colombia | 0.42% | 24.2% |
| 15 | Connecticut Avenue Securities Trust | 0.41% | 24.7% |
By country of issuer
as of 2026-05-31Share of JFLX's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.
| Country | Share |
|---|---|
| United States | 74.52% |
| Cayman Islands° | 2.83% |
| Mexico | 2.55% |
| France | 2.41% |
| United Kingdom | 1.96% |
| Italy | 1.43% |
| Spain | 1.36% |
| Netherlands° | 1.27% |
Returns the fund reported
2025-09 – 2026-05Monthly total returns from Item B.5 of JFLX's own filings, 9 months on record. Not computed here and not from a price feed.
Cross-checked against a series computed separately from prices: median difference — percentage points over 0 months, which is roughly the distributions. Every month with the filing it came from: JFLX.json · all funds.
Since the previous filing
2026-02-28 → 2026-05-311,495 positions became 1,507: 150 added (15.4% of the fund at the later date), 138 dropped (12.6% at the earlier date). Half the sum of all weight changes, a turnover proxy: 20.0%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of JFLX compared this way, as a feed: changes.xml · all funds: filings received.
| Largest increases | 2026-02-28 | 2026-05-31 | Largest decreases | 2026-02-28 | 2026-05-31 |
|---|---|---|---|---|---|
| JPMorgan Prime Money Market Fund | 7.47% | 9.97% | Republic of Poland | 0.39% | 0.12% |
| Vistra Operations Co. LLC | 0.04% | 0.27% | GNMA | 2.34% | 2.10% |
| Avolon Holdings Funding Ltd. | 0.17% | 0.34% | Japan | 0.54% | 0.35% |
| Columbia Pipelines Operating Co. LLC | 0.24% | 0.41% | GNMA | 0.44% | 0.25% |
| AerCap Ireland Capital DAC | 0.57% | 0.71% | Cooperatieve Rabobank UA | 0.14% | 0.05% |
| Volkswagen Group of America Finance LLC | 0.02% | 0.16% | JBS NV | 0.10% | 0.01% |
New: GNMA (3.30%), GNMA (2.86%), Goldman Sachs Group, Inc. (The) (0.35%), PMT Loan Trust (0.31%), FHLMC (0.30%), GNMA (0.27%). Gone: GNMA (3.17%), GNMA (2.73%), Republic of Indonesia (0.44%), Morgan Stanley (0.20%), Republic of Indonesia (0.19%), Goldman Sachs Group, Inc. (The) (0.17%).
Asset categories and pricing
as of 2026-05-31| Asset category (as filed) | Share of investments |
|---|---|
| debt DBT | 50.32% |
| mortgage-backed ABS-MBS | 26.67% |
| short-term investment STIV | 10.18% |
| ABS-O ABS-O | 9.80% |
| CDO/CLO ABS-CBDO | 1.47% |
| loan LON | 1.14% |
| DFE DFE | 0.24% |
| DIR DIR | 0.12% |
| equity EC | 0.03% |
| preferred equity EP | 0.03% |
10.2% of JFLX is carried at a quoted market price (fair-value level 1); 0.6% at level 3, priced from the filer's own inputs. Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.
Derivative exposure and counterparties
as of 2026-05-31A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $1.35B. Notional of an interest-rate or currency swap is not equity exposure.
| Swap counterparty | Notional | % of net assets |
|---|---|---|
| LCH Clearnet | $951M | 70.45% |
| CME Group Inc | $87M | 6.47% |
| ICE Clear US | $31M | 2.3% |
Financing leg as filed: the fund pays PRIBOR + 0% on $1.03B of long swap notional . Issuers fill the spread field differently (some file the all-in rate), so compare within an issuer, not across.
Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).
Neighbours by effective holdings, debt funds
10Every measured debt fund lined up by how many holdings it behaves like; these sit either side of JFLX (73.4). Same filings, same arithmetic. Position in this list says nothing about which fund is better.
| Fund | Reports | Behaves like | Top ten | As of |
|---|---|---|---|---|
| EVTR Eaton Vance Total Return Bond ETF | 905 | 48.8 * | 38.31% | 2026-06-30 |
| VGUS Vanguard Ultra-Short Treasury ETF | 91 | 62.1 | 27.78% | 2026-06-30 |
| TBLL Invesco Short Term Treasury ETF | 83 | 62.5 | 24.65% | 2026-05-31 |
| PRIV State Street(R) IG Public & Private Credit ETF | 347 | 68.7 | 30.66% | 2026-07-31 |
| IEI iShares 3-7 Year Treasury Bond ETF | 84 | 70.7 | 22.23% | 2026-05-31 |
| VGLT Vanguard Long-Term Treasury Index Fund | 98 | 75.1 | 21.65% | 2026-05-31 |
| SPTL State Street(R) SPDR(R) Portfolio Long Term Treasury ETF | 101 | 75.8 | 21.59% | 2026-06-30 |
| SCHQ Schwab Long-Term U.S. Treasury ETF | 100 | 75.9 | 21.59% | 2026-06-30 |
| GTO Invesco Total Return Bond ETF | 1,793 | 78.9 | 29.04% | 2026-07-31 |
| SYSB iShares Systematic Bond ETF | 838 | 79 | 26.34% | 2026-07-31 |
Essays that examine JFLX
0Mentions are detected across the full text of every article, so an appearance may be a passing comparison rather than the subject. Nothing here is a recommendation to buy or sell — see the disclaimer.