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JNBAX JPMorgan Income Builder A

  • Fund
  • JNBAX
  • Price as of: Aug 08, 2016
  • $10.07
  • + $0.01
  • + 0.10%
  • Category
  • Diversified Portfolio

JNBAX - Profile

Vitals

  • YTD Return 3.8%
  • 3 Yr Annualized Return 4.6%
  • 5 Yr Annualized Return 5.9%
  • Net Assets $12.2 B
  • Holdings in Top 10 5.8%

52 WEEK LOW AND HIGH

$10.07
$9.05
$10.08

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.11%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 48.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 3.8%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.97%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name JPMorgan Income Builder Fund
  • Fund Family Name JPMorgan
  • Inception Date May 31, 2007
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Michael Schoenhaut

Fund Description

The JPMorgan Income Builder Fund Class A Shares (JNBAX) is an actively managed fund that focuses on current income while still allowing for capital appreciation. JNBAX holds both debt and equity securities as well as derivatives in order to manage duration and yield curve exposure. The fund’s managers use various fundamental and macroeconomic screens to move assets among the various types of IOUs, which include everything from Treasuries to floating-rate bonds, and common dividend-producing stocks.

With its low costs, JNBAX makes an ideal core position within a fixed-income portfolio or as a side play for investors looking to boost the yield of an equity portfolio. The fund is managed by J.P. Morgan Asset Management.

JNBAX - Performance

Return Ranking - Trailing

Period JNBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.8% -65.8% 22.5% 53.08% 4
1 Yr 2.8% -30.1% 18.0% 30.65% 2
3 Yr 4.6% * -14.0% 12.6% 50.29% 3
5 Yr 5.9% * -13.4% 12.2% 47.69% 3
10 Yr N/A * -5.6% 9.0% N/A N/A

* Annualized


Return Ranking - Calendar

Period JNBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.7% -61.2% 48.7% 29.23% 2
2014 N/A -11.0% 4.5% N/A N/A
2013 N/A -11.5% 25.9% N/A N/A
2012 N/A 5.1% 15.7% N/A N/A
2011 N/A -7.3% 5.7% N/A N/A

Total Return Ranking - Trailing

Period JNBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.8% -65.8% 22.5% 53.73% 4
1 Yr -1.8% -30.1% 17.0% 66.15% 4
3 Yr 3.0% * -15.0% 12.6% 69.40% 4
5 Yr 5.0% * -13.7% 12.2% 60.27% 4
10 Yr N/A * -5.6% 9.0% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period JNBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.7% -61.2% 48.7% 29.14% 2
2014 N/A -11.0% 9.6% N/A N/A
2013 N/A -4.1% 29.6% N/A N/A
2012 N/A 7.8% 20.7% N/A N/A
2011 N/A -3.5% 11.7% N/A N/A

NAV & Total Return History

JNBAX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

JNBAX Category Low Category High JNBAX % Rank Quintile
Net Assets 12.2 B 81.4 K 102 B 1.05% 1
Number of Holdings 2516 1 12089 0.55% 1
Net Assets in Top 10 676 M -654 M 19.5 B 5.35% 2
Weighting of Top 10 5.8% 0.0% 246.1% 30.07% 5

Top 10 Holdings

  1. Microsoft Corp 0.61%
  2. Wells Fargo & Co 0.55%
  3. Unibail-Rodamco SE 0.54%
  4. Altria Group Inc 0.59%
  5. Occidental Petroleum Corp 0.62%
  6. GlaxoSmithKline PLC 0.62%
  7. General Elec FRN 0.53%
  8. Johnson & Johnson 0.61%
  9. AvalonBay Communities Inc 0.56%
  10. Comcast Corp Class A 0.52%

Asset Allocation

Weighting Category Low Category High JNBAX % Rank Quintile
Bonds
60.89% -0.39% 98.35% 2.88% 1
Stocks
32.34% -3.90% 139.24% 22.34% 4
Cash
3.65% -80.76% 100.06% 21.74% 4
Preferred Stocks
1.91% -0.04% 36.35% 3.71% 1
Convertible Bonds
0.94% 0.00% 33.12% 3.62% 1
Other
0.27% -9.98% 131.62% 16.48% 4

Stock Sector Breakdown

Weighting Category Low Category High JNBAX % Rank Quintile
Real Estate
7.73% -2.11% 51.75% 2.83% 1
Financial Services
5.62% -5.44% 81.82% 15.74% 3
Healthcare
2.92% -0.78% 26.13% 19.55% 4
Consumer Defense
2.67% -6.80% 33.05% 15.37% 4
Communication Services
2.40% -2.19% 32.13% 7.24% 2
Industrials
2.33% -4.76% 59.46% 20.38% 4
Energy
2.18% -3.72% 31.87% 14.86% 4
Consumer Cyclical
2.09% -6.71% 67.05% 20.75% 4
Technology
1.99% -11.24% 86.30% 21.82% 5
Utilities
1.48% -6.48% 56.47% 9.38% 3
Basic Materials
0.91% -3.08% 25.70% 14.39% 4

Stock Geographic Breakdown

Weighting Category Low Category High JNBAX % Rank Quintile
US
16.58% -123.16% 136.63% 25.22% 5
Non US
15.76% -2.43% 163.55% 9.66% 2

Bond Sector Breakdown

Weighting Category Low Category High JNBAX % Rank Quintile
Corporate
50.28% 0.00% 93.84% 1.46% 1
Securitized
9.71% -0.01% 42.26% 9.20% 2
Government
3.63% -160.96% 76.37% 20.78% 4
Cash & Equivalents
3.24% -80.82% 157.26% 22.43% 4
Municipal
0.08% 0.00% 137.36% 7.23% 3
Derivative
0.00% -84.53% 22.60% 2.97% 2

Bond Geographic Breakdown

Weighting Category Low Category High JNBAX % Rank Quintile
US
49.29% -31.85% 93.68% 3.34% 1
Non US
11.60% -57.44% 70.46% 4.67% 1

JNBAX - Expenses

Operational Fees

JNBAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.11% 0.00% 165.34% 14.01% 3
Management Fee 0.45% 0.00% 2.55% 3.76% 3
12b-1 Fee 0.25% 0.00% 1.00% 0.95% 2
Administrative Fee 0.15% 0.00% 0.83% 1.46% 4

Sales Fees

JNBAX Fees (% of AUM) Category Low Category High JNBAX Rank Quintile
Front Load 4.50% 0.14% 5.75% 1.38% 1
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

JNBAX Fees (% of AUM) Category Low Category High JNBAX Rank Quintile
Max Redemption Fee N/A 0.11% 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.

JNBAX Fees (% of AUM) Category Low Category High JNBAX Rank Quintile
Turnover 48.00% 0.00% 5473.00% 10.61% 3

JNBAX - Distributions

Dividend Yield Analysis

JNBAX Category Low Category High JNBAX % Rank Quintile
Dividend Yield 0.4% 0.00% 11.33% 14.37% 1

Dividend Distribution Analysis

JNBAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

JNBAX Category Low Category High JNBAX % Rank Quintile
Net Income Ratio 3.97% -2.96% 9.94% 2.56% 1

Capital Gain Distribution Analysis

JNBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

JNBAX - Managers

Michael Schoenhaut

Manager

Start Date

May 31, 2007

Tenure

9.18

Tenure Rank

2.0%

Michael Schoenhaut, managing director, is a portfolio manager on J.P. Morgan Asset Management& Multi-Asset Solutions team, based in New York. Michael is primarily responsible for portfolio construction, manager selection and the interpretation and implementation of the team&asset allocation views in their multi-asset portfolios. He manages a global suite of multi-asset income funds, the SmartRetirement target date funds, and traditional balanced strategies. In fact, the SmartRetirement team was awarded the 2014 Morningstar U.S. Allocation Fund Manager of the Year for their efforts. An employee since 1997, Michael has held other positions within Multi-Asset Solutions, including portfolio manager for balanced strategies and head of quantitative portfolio management. Michael earned a Bachelors of Science in Operations Research and Industrial Engineering from Cornell University and is a CFA charterholder.


Jeffrey A. Geller

Manager

Start Date

May 31, 2007

Tenure

9.18

Tenure Rank

2.0%

Jeffrey Geller, managing director, is a Chief Investment Officer of Multi-Asset Solutions, where he is responsible for investment oversight of all mandates managed in New York. This includes providing oversight with respect to manager and strategy suitability and fit and ensuring that the team’s asset allocation views are reflected appropriately across a diverse set of mandates. Jeff is also a portfolio manager for less constrained multi-asset class portfolios as well as portfolios with alternatives exposure. Before joining the Firm in 2006, Jeff was director of Hedge Fund Investments at Russell Investment Group and served as chairman of the firm’s hedge fund investment committee. Prior to that, he was a senior partner at Credit Suisse Asset Management’s BEA Associates unit where he had responsibility for managing equity, currency overlay and relative value arbitrage strategies. Jeff earned a Bachelor of Arts in government from Clark University and an M.B.A. in finance from the University of Chicago Graduate School of Business. He is a CFA charterholder and is Series 24, 7, and 63 licensed.


Anne Lester

Manager

Start Date

Dec 01, 2009

Tenure

6.67

Tenure Rank

2.8%

Anne Lester, Managing Director, is a senior portfolio manager with JPMorgan Asset Management's Global Multi-Asset Group (GMAG). Since joining GMAG in 2000, Anne has been responsible for the JPMorgan's defined contribution asset allocation products . She is also the portfolio manager for a number of defined benefit plans. Anne joined the firm in 1992 as a fixed income and currency trader and portfolio manager in the firm’s Milan office, and relocated to the New York office in 1997. Prior to joining the firm, Anne was awarded a Fulbright Scholarship in 1990 and spent over a year in Tokyo, working for a member of the Japanese Parliament. Previously, she worked for the Senate Governmental Affairs Committee. Anne holds an A.B. in politics from Princeton University and an M.A. in international economics and Japan studies from the Johns Hopkins University School for Advanced International Studies.


Eric J. Bernbaum

Manager

Start Date

Dec 09, 2014

Tenure

1.64

Tenure Rank

5.9%

Mr. Bernbaum, Vice President and CFA charterholder, has been an employee of JPMIM and GIM Solutions — GMAG since 2008.


Tenure Analysis

Category Low

0.0

Category High

35.6

Category Average

5.33

Category Mode

1.6