J.P. Morgan Asset Management Proposes Conversion of Mutual Funds to ETFs
Mr Black Espresso Martini Fest returns for its fourth year, running September 29–October 5, 2025, featuring Espresso Martini celebrations at bars across the United States, Europe and China.
Rhea-AI Summary
Mr Black Espresso Martini Fest returns for its fourth year, running September 29–October 5, 2025, featuring Espresso Martini celebrations at bars across the United States, Europe and China.
The festival spotlights the Espresso Martini—now the #2 cocktail in the U.S. per CGA by NIQ June 2025—and centers on Mr Black Cold Brew Coffee Liqueur, made with specialty Arabica beans and sold nationwide at a suggested retail price of $29.99 (750ml).
Events include neighborhood bar takeovers, city kickoff events, and curated bartender riffs; consumers 21+ are directed to the festival hub and @mrblackspirits on Instagram for participating venues and details.
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Key Figures
- Festival duration
- September 29–October 5
- Mr Black Espresso Martini Fest 2025 dates
- Festival year count
- 4th year
- Mr Black Espresso Martini Fest running duration
- City count
- Five cities
- Bars and bartenders across five cities participate
- Cocktail ranking
- #2 cocktail in the U.S.
- Espresso Martini ranking per CGA by NIQ
- Suggested retail price
- $29.99
- 750ml bottle of Mr Black Cold Brew Coffee Liqueur
- Bottle size
- 750ml
- Mr Black Cold Brew Coffee Liqueur packaging
- Tracker date
- June 2025
- CGA by NIQ Cocktail Tracker data point
Historical Context
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24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Combined assets of the funds are nearly
The proposed conversions, which are subject to Fund Board approval in February, are expected to provide benefits for investors in the mutual funds. The additional trading flexibility, increased portfolio holdings transparency and potential for enhanced tax efficiency that come with ETFs carry significant value to many investors, and J.P. Morgan believes that these particular strategies are well suited for the ETF structure. The combined assets of the funds proposed for conversion are approximately
Mutual Fund | AUM* | Proposed |
JPMorgan New York Tax Free Bond Fund | 6/12/2026 | |
JPMorgan California Tax Free Bond Fund | 6/12/2026 | |
JPMorgan Preferred and Income Securities Fund | 7/10/2026 | |
JPMorgan | 7/10/2026 | |
*AUM as of 10/31/2025 | ||
J.P. Morgan Asset Management is announcing the proposed conversion plans well in advance to provide shareholders and distributors with ample notice of the planned conversions and to allow them time to engage with J.P. Morgan on the implications of this important effort. It is anticipated that if the conversions are approved by the Board of the Funds, they would not require shareholder approval prior to implementation.
"As investor preferences continue to evolve, we are committed to meeting their needs by offering our strategies in the most efficient and accessible vehicles," said Travis Spence, Global Head of ETFs at J.P. Morgan Asset Management. "Converting these mutual funds to ETFs is a natural next step, providing clients with greater flexibility, transparency and tax efficiency, while maintaining access to our active management expertise."
As a leading active manager, J.P. Morgan Asset Management is committed to providing access to its investment capabilities through a range of vehicles including ETFs, mutual funds, commingled funds, SMAs and liquid alternatives. With
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in
J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA. More information is available at https://am.jpmorgan.com/us/en/asset-management/gim/adv/products/etfs.
There is no guarantee, obligation or assurance that any investors will maintain any specific level of investment in the Fund, and such investors have the ability to withdraw their investment at any point in time like any other shareholder of a mutual fund or ETF.
Investors should carefully consider the investment objectives and risks as well as charges and expenses of an ETF before investing. The summary and full prospectuses contain this and other information about the ETF and should be read carefully before investing. To obtain a prospectus: Call 1-844-4JPM-ETF.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
SOURCE J.P. Morgan Asset Management
Related Links: http://www.jpmorganchase.com
1 Data according to Bloomberg as of 12/8/2025
FAQ
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