CBRAX: JPMorgan Corporate Bond A

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CBRAX JPMorgan Corporate Bond A

  • Fund
  • CBRAX
  • Price as of: Nov 14, 2019
  • $10.22 + $0.03 + 0.29%

CBRAX - Profile

Vitals

  • YTD Return 10.8%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $223 M
  • Holdings in Top 10 8.2%

52 WEEK LOW AND HIGH

$10.22
$9.17
$10.38

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.12%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 166.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Corporate Bond

Distributions

  • YTD Total Return 11.4%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.18%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name JPMorgan Corporate Bond Fund
  • Fund Family Name JPMorgan
  • Inception Date Mar 01, 2013
  • Shares Outstanding 1686744
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Lisa Coleman

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets plus the amount of borrowings for investment purposes in corporate bonds. It mainly invests in corporate bonds that are rated investment grade by a nationally recognized statistical rating organization or in securities that are unrated but are deemed by the fund's adviser to be of comparable quality.

CBRAX - Fund Company Quick Screens

CBRAX - Performance

Return Ranking - Trailing

Period CBRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.8% -5.0% 83.0% 1.54%
1 Yr 10.4% -2.6% 76.8% 10.04%
3 Yr 0.9%* -2.7% 20.9% 44.70%
5 Yr 0.5%* -4.3% 12.1% 37.53%
10 Yr N/A* -8.7% 8.1% N/A

* Annualized


Return Ranking - Calendar

Period CBRAX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.7% -13.7% 0.8% 96.74%
2017 0.0% -2.8% 21.2% 82.52%
2016 2.6% -58.1% 8.6% 6.49%
2015 -3.5% -24.0% 3.0% 86.37%
2014 4.1% -60.4% 26.9% 32.27%

Total Return Ranking - Trailing

Period CBRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.4% -5.0% 83.0% 1.50%
1 Yr 12.8% -5.3% 76.8% 2.01%
3 Yr 5.1%* -3.0% 20.9% 1.13%
5 Yr 4.1%* -3.5% 12.1% 2.05%
10 Yr N/A* -8.7% 8.1% N/A

* Annualized


Total Return Ranking - Calendar

Period CBRAX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.4% -13.7% 6.5% 53.66%
2017 6.6% -2.7% 27.0% 1.42%
2016 5.5% -58.1% 10.7% 1.83%
2015 -0.9% -14.6% 4.2% 56.31%
2014 7.6% -60.4% 26.9% 9.42%

NAV & Total Return History

CBRAX - Holdings

Concentration Analysis

CBRAX Category Low Category High CBRAX % Rank
Net Assets 223 M 691 K 245 B 70.66%
Number of Holdings 523 2 17498 31.07%
Net Assets in Top 10 15.5 M -203 M 24.7 B 88.95%
Weighting of Top 10 8.15% 2.5% 138.1% 91.45%

Top 10 Holdings

  1. Citigroup Inc. 4.04% 0.98%

  2. Bank of America Corporation 3.71% 0.98%

  3. Royal Bank of Scotland Group plc 4.52% 0.96%

  4. Citigroup Inc. 3.89% 0.85%

  5. Wells Fargo & Company 3.2% 0.78%

  6. Goldman Sachs Group, Inc. 3.5% 0.75%

  7. Goldman Sachs Group, Inc. 3.85% 0.72%

  8. Credit Suisse Group AG 4.21% 0.72%

  9. Shire Acquisitions Investments Ireland DAC 3.2% 0.72%

  10. Morgan Stanley 3.74% 0.68%


Asset Allocation

Weighting Return Low Return High CBRAX % Rank
Bonds
88.31% 80.58% 153.76% 94.53%
Cash
6.82% -46.73% 28.73% 13.24%
Convertible Bonds
4.76% 0.00% 5.16% 0.35%
Preferred Stocks
0.11% -48.13% 8.19% 9.04%
Stocks
0.00% -17.64% 17.56% 70.62%
Other
0.00% -55.96% 30.83% 68.54%

Bond Sector Breakdown

Weighting Return Low Return High CBRAX % Rank
Corporate
92.47% -57.89% 99.15% 2.33%
Cash & Equivalents
6.82% -46.73% 28.73% 13.38%
Securitized
0.72% 0.00% 136.75% 50.49%
Derivative
0.00% -28.06% 28.01% 64.87%
Municipal
0.00% 0.00% 157.77% 92.94%
Government
0.00% -86.06% 125.80% 82.45%

Bond Geographic Breakdown

Weighting Return Low Return High CBRAX % Rank
US
73.52% 63.24% 153.76% 98.02%
Non US
14.79% -26.08% 22.91% 6.78%

CBRAX - Expenses

Operational Fees

CBRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.00% 209.96% 28.62%
Management Fee 0.30% 0.00% 1.25% 25.04%
12b-1 Fee 0.25% 0.00% 1.00% 53.13%
Administrative Fee 0.08% 0.00% 0.63% 39.86%

Sales Fees

CBRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.00% 5.75% 50.53%
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

CBRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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.

CBRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 166.00% 0.00% 2053.00% 85.67%

CBRAX - Distributions

Dividend Yield Analysis

CBRAX Category Low Category High CBRAX % Rank
Dividend Yield 2.23% 0.00% 95.55% 7.73%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

CBRAX Category Low Category High CBRAX % Rank
Net Income Ratio 3.18% 0.00% 6.30% 19.03%

Capital Gain Distribution Analysis

CBRAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

CBRAX - Managers

Lisa Coleman

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2013

6.67

6.7%

Ms. Coleman is the head of the Global Investment Grade Corporate Credit team in the New York/London Global Fixed Income, Currency & Commodities group (GFICC). Prior to joining J.P. Morgan Asset Managementin 2008, Ms. Coleman was at Schroder Investment Management for eight years, serving as the head of Global Credit Strategies and the head of European Fixed Income.


Lorenzo Napolitano

Manager

Start Date

Tenure

Tenure Rank

Oct 13, 2016

3.05

3.1%

Lorenzo Napolitano, Executive Director and CFA, are responsible for establishing and monitoring the overall duration, yield curve, sector allocation, the overweights and underweights of the Fund’s portfolio versus the benchmark. Mr. Napolitano is a member of GFICC and a portfolio manager within the Investment Grade Corporate Credit Team. Prior to joining J.P. Morgan Investment Management Inc. in 2012, he was an associate portfolio manager at Lord, Abbett & Co. LLC where he traded and provided research analysis for institutional and retail portfolios within Investment Grade Credit.


Raymond Keiser

Manager

Start Date

Tenure

Tenure Rank

Mar 27, 2019

0.6

0.6%


Tenure Analysis

Category Low

0.0

Category High

32.94

Category Average

7.64

Category Mode

7.46