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JNBCX JPMorgan Income Builder C

  • Fund
  • JNBCX
  • Price as of: Mar 22, 2019
  • $10.40
  • - $0.03
  • - 0.29%
  • Category
  • Diversified Portfolio

JNBCX - Profile

Vitals

  • YTD Return 5.8%
  • 3 Yr Annualized Return 7.1%
  • 5 Yr Annualized Return 3.6%
  • Net Assets $12.3 B
  • Holdings in Top 10 5.5%

52 WEEK LOW AND HIGH

$10.40
$9.71
$10.62

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.57%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 59.00%

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 5.8%
  • 3 Yr Annualized Total Return 7.1%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.52%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name JPMorgan Income Builder Fund
  • Fund Family Name JPMorgan
  • Inception Date May 31, 2007
  • Shares Outstanding 394187435
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Michael Schoenhaut

Fund Description

The JPMorgan Income Builder Fund Class C Shares (JNBCX) is an actively managed fund that focuses on current income while still allowing for potential capital appreciation. JNBCX 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 in order to move assets among the various types of IOUs, which include everything from Treasuries to floating-rate bonds to common dividend-producing stocks.

With its low costs, JNBCX 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.

JNBCX - Performance

Return Ranking - Trailing

Period JNBCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.8% -56.5% 22.4% 50.53% 3
1 Yr 1.2% -49.1% 45.9% 50.42% 3
3 Yr 7.1% * -28.1% 18.6% 45.57% 3
5 Yr 3.6% * -10.1% 12.3% 59.24% 4
10 Yr 9.5% * -7.7% 15.6% 43.26% 3

* Annualized


Return Ranking - Calendar

Period JNBCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -8.3% -34.6% 32.0% 37.22% 3
2017 7.5% -37.7% 390.9% 33.43% 2
2016 3.0% -65.8% 48.7% 39.87% 3
2015 -4.7% -32.5% 36.4% 33.58% 2
2014 -1.1% -59.3% 20.8% 56.86% 4

Total Return Ranking - Trailing

Period JNBCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.8% -100.0% 22.4% 50.65% 3
1 Yr 0.2% -51.6% 73.2% 51.16% 3
3 Yr 7.1% * -29.0% 28.2% 41.10% 3
5 Yr 3.6% * -10.5% 12.1% 55.22% 3
10 Yr 9.5% * -7.7% 15.6% 41.81% 3

* Annualized


Total Return Ranking - Calendar

Period JNBCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -8.3% -34.6% 32.0% 37.73% 3
2017 7.5% -36.7% 390.9% 33.83% 2
2016 6.4% -65.6% 50.4% 23.69% 2
2015 -1.5% -29.3% 56.6% 44.89% 3
2014 3.7% -21.5% 52.2% 70.68% 4

NAV & Total Return History

JNBCX - Holdings

Filings data as of: Jan 31, 2019

Concentration Analysis

JNBCX Category Low Category High JNBCX % Rank Quintile
Net Assets 12.3 B 81.4 K 137 B 1.19% 1
Number of Holdings 2950 1 13260 0.32% 1
Net Assets in Top 10 659 M -654 M 24 B 7.41% 2
Weighting of Top 10 5.5% 0.0% 3143.7% 34.22% 5

Top 10 Holdings

  1. Pfizer Inc 0.68%
  2. Novartis AG 0.46%
  3. Fnma Pass-Thru L 3.5% 0.72%
  4. Merck & Co Inc 0.74%
  5. Coca-Cola Co 0.63%
  6. Verizon Communications Inc 0.46%
  7. Roche Holding AG Dividend Right Cert. 0.44%
  8. United States Treasury Notes 2% 0.49%
  9. Prologis Inc 0.44%
  10. Federal Home Loan Mortgage Corporation 3.5% 0.39%

Asset Allocation

Weighting Category Low Category High JNBCX % Rank Quintile
Bonds
56.07% -332.46% 252.78% 6.35% 1
Stocks
34.23% -50.88% 107.25% 25.90% 4
Cash
5.06% -229.53% 769.46% 16.97% 3
Convertible Bonds
3.01% -0.09% 39.88% 3.29% 1
Preferred Stocks
1.53% -0.04% 59.73% 4.25% 1
Other
0.09% -703.13% 98.84% 15.23% 4

Stock Sector Breakdown

Weighting Category Low Category High JNBCX % Rank Quintile
Real Estate
6.49% -7.59% 70.51% 3.41% 1
Financial Services
6.13% -8.51% 69.58% 18.78% 4
Healthcare
3.88% -2.72% 31.05% 19.94% 4
Consumer Defense
3.29% -3.24% 27.69% 12.71% 3
Industrials
2.71% -2.74% 48.84% 20.72% 4
Technology
2.60% -9.43% 70.04% 24.63% 5
Energy
2.15% -4.89% 32.18% 16.11% 4
Communication Services
2.02% -1.63% 27.16% 7.60% 2
Utilities
1.95% -0.60% 47.20% 7.55% 2
Consumer Cyclical
1.87% -10.47% 54.37% 22.15% 5
Basic Materials
1.04% -2.54% 21.85% 14.78% 4

Stock Geographic Breakdown

Weighting Category Low Category High JNBCX % Rank Quintile
Non US
17.49% -76.74% 150.26% 9.88% 2
US
16.74% -97.12% 109.67% 28.50% 5

Bond Sector Breakdown

Weighting Category Low Category High JNBCX % Rank Quintile
Corporate
42.18% 0.00% 100.00% 2.33% 1
Securitized
15.43% -0.01% 43.20% 5.90% 1
Cash & Equivalents
4.02% -229.63% 770.85% 18.89% 3
Government
2.29% -178.78% 252.78% 25.57% 4
Derivative
0.00% -199.13% 51.34% 3.61% 3
Municipal
0.00% 0.00% 99.93% 8.14% 4

Bond Geographic Breakdown

Weighting Category Low Category High JNBCX % Rank Quintile
US
47.76% -310.91% 117.68% 6.22% 1
Non US
8.31% -68.95% 152.24% 8.55% 2

JNBCX - Expenses

Operational Fees

JNBCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.57% 0.00% 165.34% 12.59% 4
Management Fee 0.45% 0.00% 2.55% 3.89% 3
12b-1 Fee 0.75% 0.00% 1.00% 0.50% 4
Administrative Fee 0.08% 0.00% 0.83% 2.59% 3

Sales Fees

JNBCX Fees (% of AUM) Category Low Category High JNBCX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load 1.00% 0.75% 5.50% 1.46% 2

Trading Fees

JNBCX Fees (% of AUM) Category Low Category High JNBCX 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.

JNBCX Fees (% of AUM) Category Low Category High JNBCX Rank Quintile
Turnover 59.00% 0.00% 6067.00% 9.48% 4

JNBCX - Distributions

Dividend Yield Analysis

JNBCX Category Low Category High JNBCX % Rank Quintile
Dividend Yield 0.2% 0.00% 11.69% 39.11% 3

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

JNBCX Category Low Category High JNBCX % Rank Quintile
Net Income Ratio 3.52% -4.09% 7.77% 3.21% 1

Capital Gain Distribution Analysis

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

JNBCX - Managers

Michael Schoenhaut

Manager

Start Date

May 31, 2007

Tenure

11.76

Tenure Rank

2.1%

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

11.76

Tenure Rank

2.1%

Jeffrey Geller, CFA, 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


Eric J. Bernbaum

Manager

Start Date

Dec 09, 2014

Tenure

4.22

Tenure Rank

5.7%

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


Matthew G. Pallai

Manager

Start Date

Feb 12, 2019

Tenure

0.04

Tenure Rank

8.9%

Matthew Pallai, executive director, is a member of the Multi-Asset Solutions (MAS) group. Based in New York, he is the portfolio manager with responsibility across balanced and outcome oriented advisory model portfolio solutions. Prior to joining the MAS team, Matthew was a portfolio manager in the Global Fixed Income Currency & Commodities group (GFICC) working on unconstrained multi-sector fixed income strategies. In GFICC, Matthew focused on portfolio construction, sector allocation, and macroeconomic strategy, in addition to having lead responsibility for securitized investments within unconstrained products. Previously, he has held positions on both the Agency and Non-Agency Mortgage Teams within GFICC, where he was responsible for analyzing and trading residential mortgage-backed securities. An employee of since 2003, Matthew began his tenure at the firm as an analyst on the Mortgage Team (GFICC), where he developed and maintained quantitative relative value tools and assisted senior investors with security selection. Matthew holds a B.A. in mathematics from Boston College and an M.A. in economics from New York University.


Tenure Analysis

Category Low

0.0

Category High

38.2

Category Average

5.91

Category Mode

4.2