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JMBUX JPMorgan Mortgage-Backed Securities R6

  • Fund
  • JMBUX
  • Price as of: Aug 08, 2016
  • $11.43
  • - $0.00
  • - 0.00%
  • Category
  • Mortgage Backed Securities

JMBUX - Profile

Vitals

  • YTD Return 1.0%
  • 3 Yr Annualized Return 3.8%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $2.81 B
  • Holdings in Top 10 7.5%

52 WEEK LOW AND HIGH

$11.43
$11.31
$11.50

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.46%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 7.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$15,000,000

IRA

N/A

Investment Themes

CATEGORY

Mortgage Backed Securities
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.98%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name JPMorgan Mortgage Backed Securities Fund
  • Fund Family Name JPMorgan
  • Inception Date Feb 22, 2005
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Michael J. Sais

Fund Description

The fund invests mainly in investment grade mortgage-backed securities or unrated mortgage-backed securities which the adviser determines to be of comparable quality. Under normal circumstances, it invests at least 80% of its assets in mortgage-backed securities. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund's average weighted maturity will normally range between two and ten years.

JMBUX - Performance

Return Ranking - Trailing

Period JMBUX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.0% -7.9% 7.6% 51.00% 4
1 Yr 4.2% -1.3% 9.5% 6.93% 1
3 Yr 3.8% * 0.0% 7.7% 29.90% 2
5 Yr 3.5% * 0.1% 7.0% 22.22% 2
10 Yr 5.8% * -0.1% 6.3% 4.35% 1

* Annualized


Return Ranking - Calendar

Period JMBUX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.2% -4.7% 1.2% 4.04% 1
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

Total Return Ranking - Trailing

Period JMBUX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.0% -7.9% 7.6% 51.00% 4
1 Yr 4.2% -4.7% 9.5% 5.94% 1
3 Yr 3.8% * 0.0% 7.7% 22.68% 2
5 Yr 3.5% * 0.1% 7.0% 18.89% 1
10 Yr 5.8% * -0.1% 6.3% 2.90% 1

* Annualized


Total Return Ranking - Calendar

Period JMBUX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.2% -4.7% 1.2% 4.04% 1
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

NAV & Total Return History

JMBUX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

JMBUX Category Low Category High JMBUX % Rank Quintile
Net Assets 2.81 B 24.2 M 4.29 B 2.97% 1
Number of Holdings 2066 21 2212 1.98% 1
Net Assets in Top 10 211 M 5.04 M 859 M 9.90% 3
Weighting of Top 10 7.5% 7.5% 195.9% 28.71% 5

Top 10 Holdings

  1. GNMA CMO 1.29%
  2. FHLMC 3.5% 0.97%
  3. FNMA 4.424% 0.86%
  4. FNMA 3.77% 0.78%
  5. FNMA 2.01% 0.73%
  6. GNMA CMO 0.69%
  7. FNMA CMO 3% 0.56%
  8. GNMA CMO 0.56%
  9. GNMA CMO 0.54%
  10. GNMA CMO 1.65% 0.52%

Asset Allocation

Weighting Category Low Category High JMBUX % Rank Quintile
Bonds
90.60% 67.34% 136.84% 23.76% 4
Cash
9.15% -42.35% 29.56% 3.96% 2
Other
0.25% -0.07% 4.99% 10.89% 3
Convertible Bonds
0.00% 0.00% 0.00% 0.99% 3
Preferred Stocks
0.00% 0.00% 0.29% 1.98% 3
Stocks
0.00% 0.00% 5.43% 6.93% 4

Bond Sector Breakdown

Weighting Category Low Category High JMBUX % Rank Quintile
Securitized
89.15% 2.84% 146.04% 15.84% 3
Cash & Equivalents
9.15% -33.57% 29.56% 4.95% 2
Government
0.98% -13.26% 14.48% 15.84% 3
Corporate
0.46% 0.00% 93.84% 15.84% 4
Municipal
0.00% 0.00% 0.70% 1.98% 3
Derivative
0.00% -2.53% 4.93% 1.98% 3

Bond Geographic Breakdown

Weighting Category Low Category High JMBUX % Rank Quintile
US
90.38% 28.63% 130.17% 19.80% 4
Non US
0.22% 0.00% 63.71% 16.83% 4

JMBUX - Expenses

Operational Fees

JMBUX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.46% 0.07% 2.60% 63.37% 1
Management Fee 0.35% 0.04% 0.89% 11.88% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.01% 0.40% 6.90% 4

Sales Fees

JMBUX Fees (% of AUM) Category Low Category High JMBUX Rank Quintile
Front Load N/A 2.25% 4.50% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

JMBUX Fees (% of AUM) Category Low Category High JMBUX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JMBUX Fees (% of AUM) Category Low Category High JMBUX Rank Quintile
Turnover 7.00% 7.00% 2669.00% 26.73% 1

JMBUX - Distributions

Dividend Yield Analysis

JMBUX Category Low Category High JMBUX % Rank Quintile
Dividend Yield 0.4% 0.00% 0.66% 17.17% 1

Dividend Distribution Analysis

JMBUX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

JMBUX Category Low Category High JMBUX % Rank Quintile
Net Income Ratio 2.98% -0.51% 6.19% 13.86% 1

Capital Gain Distribution Analysis

JMBUX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

JMBUX - Managers

Michael J. Sais

Manager

Start Date

Jun 30, 2005

Tenure

11.09

Tenure Rank

2.9%

Mr. Sais, Managing Director, is a Fixed Income Fund Manager for the Insurance Asset Management Team and a member of the Columbus Taxable Bond Team where he has served for the JPMorgan Ultra Short-Term Bond Fund since 1995 and Government Bond Products since 1996. He joined the firm in 1994 as a senior fixed income research analyst. Prior to this, he served as senior investment portfolio manager of Valley National Bank of Phoenix. Sais began his career with Citibank. Mr. Sais holds the Chartered Financial Analyst designation.


Richard D. Figuly

Manager

Start Date

Sep 14, 2015

Tenure

0.88

Tenure Rank

20.7%

Richard Figuly, managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Columbus, Rick is a portfolio manager for the U.S. Value Driven team and is responsible for managing institutional taxable bond portfolios. An employee since 1993, Rick previously served as a fixed income trader trading all taxable fixed income securities while specializing in structured products. Prior to joining the firm, Rick was a fiduciary tax accountant at the Bank One Ohio Trust Company. Rick is also a retired Major of the Ohio Army National Guard. He holds a B.S. in finance from The Ohio State University.


Tenure Analysis

Category Low

0.3

Category High

23.5

Category Average

5.6

Category Mode

1.6