JPMorgan Sustainable Municipal Income I boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Quantitative Rating at Neutral. The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.
The strategy's sensible investment philosophy merits an Above Average Process Pillar rating. Independent of the rating, analysis of the strategy's portfolio shows it has maintained an overweight in debt with three- to five-year maturities and an underweight in A rated bonds compared with category peers. The management team's considerable industry experience earns it an Above Average People Pillar rating. The strategy is part of a first-rate parent, as shown by a high lineup success ratio and overall attractive fees. These attributes support its Above Average Parent Pillar rating.