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JPHAX JPMorgan Floating Rate Income A

  • Fund
  • JPHAX
  • Price as of: Aug 08, 2016
  • $9.35
  • + $0.01
  • + 0.11%
  • Category
  • Bank Loan

JPHAX - Profile

Vitals

  • YTD Return 2.7%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $1.82 B
  • Holdings in Top 10 14.5%

52 WEEK LOW AND HIGH

$9.35
$8.83
$9.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.25%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 16.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Bank Loan
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.85%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name JPMorgan Floating Rate Income Fund
  • Fund Family Name JPMorgan
  • Inception Date Jun 01, 2011
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Chad A. Engelbert

Fund Description

The fund invests mainly in floating rate debt instruments issued by corporations. It normally invests at least 80% of its Assets in floating rate instruments including Loans, convertible securities, corporate bonds, preferred shares and other floating rate debt instruments. The fund may invest up to 100% of its total assets in below investment grade securities or unrated securities that the adviser deems to be of equivalent quality. Up to 20% of the fund's total assets may be invested in non-U.S. dollar denominated securities in foreign and "emerging markets."

JPHAX - Performance

Return Ranking - Trailing

Period JPHAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.7% -4.2% 5.4% 37.14% 3
1 Yr 0.3% -4.3% 4.1% 90.05% 5
3 Yr 1.6% * -0.7% 5.6% 78.19% 4
5 Yr 3.1% * 0.7% 5.6% 68.32% 4
10 Yr N/A * 0.0% 6.0% N/A N/A

* Annualized


Return Ranking - Calendar

Period JPHAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.4% -12.2% 2.7% 51.67% 4
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 JPHAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.7% -4.2% 5.4% 37.14% 3
1 Yr -2.0% -8.1% 4.1% 87.20% 5
3 Yr 0.8% * -0.8% 5.6% 88.83% 5
5 Yr 2.7% * 0.7% 5.6% 74.53% 4
10 Yr N/A * 0.0% 6.0% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period JPHAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.4% -12.2% 2.7% 51.67% 4
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

JPHAX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

JPHAX Category Low Category High JPHAX % Rank Quintile
Net Assets 1.82 B 15.8 M 11.8 B 8.53% 2
Number of Holdings 246 49 1079 18.01% 4
Net Assets in Top 10 262 M -331 M 1.42 B 7.11% 2
Weighting of Top 10 14.5% 6.6% 224.2% 7.11% 2

Top 10 Holdings

  1. Supervalu, Inc., Term Loan B 1.93%
  2. First Data Corp., 2021 New Dollar Term Loan 1.73%
  3. Calpine Construction Finance Co., Term B-1 Loan 1.70%
  4. Univision Communications, Inc., Replacement 1st Lien Term Loan 1.57%
  5. Avago Technologies Cayman Finance Ltd., Term B-1 Dollar Loan 1.41%
  6. Texas Competitive Electric Holdings Co. Llc, Extended Term Loan 1.38%
  7. Prime Sec Serv Borrower Llc 1.25%
  8. Intelligrated, Inc., 1st Lien Term Loan 1.18%
  9. National Mentor Holdings, Inc., Tranche B Term Loan 1.18%
  10. Dole Food Co., Inc., Tranche B Term Loan 1.13%

Asset Allocation

Weighting Category Low Category High JPHAX % Rank Quintile
Bonds
91.87% 5.65% 100.19% 8.53% 2
Cash
6.51% -0.76% 87.26% 15.17% 3
Other
0.92% -1.32% 10.05% 14.22% 3
Preferred Stocks
0.70% 0.00% 0.70% 0.47% 1
Convertible Bonds
0.00% 0.00% 1.38% 4.27% 3
Stocks
0.00% -0.06% 7.11% 11.37% 4

Bond Sector Breakdown

Weighting Category Low Category High JPHAX % Rank Quintile
Corporate
88.51% 0.00% 99.67% 12.32% 3
Cash & Equivalents
6.51% -0.76% 164.55% 13.74% 3
Securitized
0.27% 0.00% 23.73% 10.43% 3
Derivative
0.00% -33.31% 3.34% 2.84% 3
Municipal
0.00% 0.00% 1.96% 1.42% 3
Government
0.00% -115.02% 9.57% 9.00% 3

Bond Geographic Breakdown

Weighting Category Low Category High JPHAX % Rank Quintile
US
80.76% -54.19% 94.29% 6.64% 2
Non US
11.11% 0.00% 84.96% 18.96% 4

JPHAX - Expenses

Operational Fees

JPHAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.25% 0.56% 3.17% 20.38% 4
Management Fee 0.55% 0.15% 1.02% 8.53% 2
12b-1 Fee 0.25% 0.00% 1.00% 8.55% 2
Administrative Fee 0.15% 0.01% 0.40% 5.93% 4

Sales Fees

JPHAX Fees (% of AUM) Category Low Category High JPHAX Rank Quintile
Front Load 2.25% 0.75% 5.75% 23.40% 1
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

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

JPHAX Fees (% of AUM) Category Low Category High JPHAX Rank Quintile
Turnover 16.00% 5.00% 196.00% 20.38% 1

JPHAX - Distributions

Dividend Yield Analysis

JPHAX Category Low Category High JPHAX % Rank Quintile
Dividend Yield 0.4% 0.14% 1.25% 23.44% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

JPHAX Category Low Category High JPHAX % Rank Quintile
Net Income Ratio 3.85% 1.33% 5.69% 38.39% 3

Capital Gain Distribution Analysis

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

JPHAX - Managers

Chad A. Engelbert

Manager

Start Date

Feb 11, 2013

Tenure

3.47

Tenure Rank

10.2%

Chad A. Engelbert, CFA, Executive Director, has been an employee of JPMM or predecessor firms since 2000. He is a high yield credit analyst who currently covers the retail, consumer products, utility, and textiles industries. He also serves as the backup trader and the assistant CBO portfolio manager. Prior to joining the high yield team, Mr. Engelbert was a tax analyst at Deloitte & Touche in Dayton, Ohio. Mr. Engelbert earned a B.S. in Accounting with a Minor in Finance from the University of Dayton; he is a member of the American Institute of Certified Public Accountants and the Ohio Society of Certified Public Accountants as well as, the Cincinnati Society of Financial Analysts.


William J. Morgan

Manager

Start Date

Jun 01, 2011

Tenure

5.17

Tenure Rank

6.6%

William J. Morgan, managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Cincinnati, Bill is the team leader and senior portfolio manager for the Opportunistic High Yield team and is responsible for overseeing high yield, loans and distressed strategies. An employee since 1998, he held the same role at Banc One High Yield Partners, LLC and Pacholder Associates, Inc. Bill holds a B.A. in history from Kenyon College and an M.B.A from Xavier University.


James P. Shanahan

Manager

Start Date

Jun 01, 2011

Tenure

5.17

Tenure Rank

6.6%

James P. Shanahan, Jr., managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Cincinnati, Jim is the team leader and senior portfolio manager for the Opportunistic High Yield team and focuses on higher risk credits, including leveraged loans, distressed and special situations investments in high yield mandates. An employee since 1998, he held the same role at Banc One High Yield Partners, LLC and Pacholder Associates, Inc. He graduated from Xavier University and holds a J.D. from the University Of Cincinnati College Of Law.


Tenure Analysis

Category Low

0.1

Category High

19.9

Category Average

5.69

Category Mode

1.6