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Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

JPMorgan Emerging Markets Debt Fund

JEMDX | Fund

$6.28

$987 M

6.22%

$0.39

1.07%

Vitals

YTD Return

7.5%

1 yr return

14.3%

3 Yr Avg Return

-0.9%

5 Yr Avg Return

0.2%

Net Assets

$987 M

Holdings in Top 10

13.0%

52 WEEK LOW AND HIGH

$6.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.07%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 37.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

JPMorgan Emerging Markets Debt Fund

JEMDX | Fund

$6.28

$987 M

6.22%

$0.39

1.07%

JEMDX - Profile

Distributions

  • YTD Total Return 7.5%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.28%
DIVIDENDS
  • Dividend Yield 6.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Emerging Markets Debt Fund
  • Fund Family Name
    JPMorgan Funds
  • Inception Date
    May 28, 1999
  • Shares Outstanding
    7065318
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Pierre-Yves Bareau

Fund Description

Under normal circumstances, the Fund invests at least 80% of the value of its Assets in emerging market debt investments. “Assets” means net assets, plus the amount of borrowings for investment purposes. The Fund invests primarily in debt securities that it believes have the potential to provide a high total return from countries whose economies or bond markets are less developed (emerging markets). This designation currently includes most countries in the world except Australia, Canada, Japan, New Zealand, the U.S., the United Kingdom and most western European countries. The Fund invests in sovereign debt securities. Sovereign debt securities are securities that are issued or guaranteed by foreign sovereign governments or their agencies, authorities or political subdivisions or instrumentalities, and supranational agencies. The Fund may also invest in debt securities issued or guaranteed by foreign corporations and foreign financial institutions.These securities may be of any maturity and quality, but under normal market conditions the Fund’s duration will generally be similar to that of the J.P. Morgan Emerging Markets Bond Index Global Diversified. Duration is a measure of the price sensitivity of a debt security or a portfolio of debt securities to relative changes in interest rates. For instance, a duration of “three years” means that a security’s or portfolio’s price would be expected to decrease by approximately 3% with a 1% increase in interest rates (assuming a parallel shift in yield curve). As of May 31, 2024, the duration of the J.P. Morgan Emerging Markets Bond Index Global Diversified was 6.38 years, although the duration will vary in the future. The Fund does not have any minimum quality rating and may invest without limit in securities that are rated below investment grade (commonly known as junk bonds) or the unrated equivalent.Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may also be used as substitutes for securities in which the Fund can invest. The Fund may use futures contracts, options, swaps, and foreign currency derivatives to help manage duration, sector and yield curve exposure and credit and spread volatility. The Fund may hedge its non-dollar investments back to the U.S. dollar through the use of such derivatives, but may not always do so. In addition to hedging non-dollar investments, the Fund may use such derivatives to increase income and gain to the Fund and/or as part of its risk management process by establishing or adjusting exposure to particular foreign securities, markets or currencies.In making investment decisions for the Fund, the adviser establishes overweight and underweight positions versus the J.P. Morgan Emerging Markets Bond Index Global Diversified based on weighted spread duration. Spread duration is the measure of the expected price sensitivity of a bond or group of bonds to changes in spreads. Spreads are measured by the difference in yield between bonds from a specific sector or country of bonds and U.S. Treasury securities. Generally, the prices of a specific sector or country of bonds will increase when spreads tighten and decrease when spreads widen. The adviser uses top down macroeconomic research to assess the general market conditions that may cause spreads to tighten or widen in the countries and sectors where the Fund invests. Based on this top down research, the adviser establishes overweight positions in countries and sectors that it believes are more likely to benefit from tightening spreads and underweight positions in countries and sectors that it believes are more likely to be negatively impacted by widening spreads, a process that is referred to as weighted spread duration.To implement these overweight and underweight positions, the adviser uses bottom up fundamental research to evaluate the relative attractiveness of the individual securities in each country and sector. The adviser is value oriented and this bottom up fundamental research is based on a quantitative assessment of an issuer’s cash flows, debt structure, debt ratios and profitability and a qualitative assessment of how each issuer will perform relative to other issuers in the country or sector. Generally, the adviser will sell a security when, based on the considerations described above, the adviser believes that there is better relative value available in the country or sector in securities of comparable quality, or when the adviser believes the issuer’s credit quality will deteriorate materially. As part of its investment process, the adviser seeks to assess the impact of environmental, social and governance (ESG) factors on many issuers or countries in the universe in which the Fund may invest. The adviser’s assessment is based on an analysis of key opportunities and risks across industries to seek to identify financially material issues with respect to the Fund’s investments in issuers and ascertain key issues that merit engagement with issuers. These assessments may not be conclusive and securities of issuers or countries that may be negatively impacted by such factors may be purchased and retained by the Fund while the Fund may divest or not invest in securities of issuers or countries that may be positively impacted by such factors.
Read More

JEMDX - Performance

Return Ranking - Trailing

Period JEMDX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.5% -6.0% 465.8% 27.89%
1 Yr 14.3% -4.1% 488.6% 21.43%
3 Yr -0.9%* -8.2% 59.3% 87.32%
5 Yr 0.2%* -7.3% 29.4% 70.11%
10 Yr 2.0%* -5.6% 14.5% 41.08%

* Annualized

Return Ranking - Calendar

Period JEMDX Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% -10.6% 17.8% 64.97%
2022 -23.3% -29.1% -2.4% 85.56%
2021 -7.2% -24.0% 2.7% 52.14%
2020 1.2% -14.0% 9.7% 47.23%
2019 8.8% -6.4% 13.0% 39.70%

Total Return Ranking - Trailing

Period JEMDX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.5% -6.0% 465.8% 27.89%
1 Yr 14.3% -4.1% 488.6% 21.43%
3 Yr -0.9%* -8.2% 59.3% 87.32%
5 Yr 0.2%* -7.3% 29.4% 70.11%
10 Yr 2.0%* -5.6% 14.5% 41.08%

* Annualized

Total Return Ranking - Calendar

Period JEMDX Return Category Return Low Category Return High Rank in Category (%)
2023 10.2% -0.6% 20.0% 74.15%
2022 -18.6% -27.6% -1.7% 88.73%
2021 -3.2% -18.5% 7.4% 51.79%
2020 5.4% -7.8% 18.0% 49.82%
2019 13.9% -3.0% 23.0% 41.57%

NAV & Total Return History

JEMDX - Holdings

Concentration Analysis

JEMDX Category Low Category High JEMDX % Rank
Net Assets 987 M 565 K 14.8 B 27.21%
Number of Holdings 387 4 1860 34.69%
Net Assets in Top 10 129 M -134 M 1.25 B 35.37%
Weighting of Top 10 13.01% 5.8% 102.2% 84.88%

Top 10 Holdings

  1. JPMorgan Prime Money Market Fund, Class Institutional 2.95%
  2. Sultanate of Oman Government Bond 1.69%
  3. State of Qatar 1.18%
  4. Republic of Paraguay 1.08%
  5. Oriental Republic of Uruguay 1.07%
  6. Republic of Ecuador 1.04%
  7. Kingdom of Saudi Arabia 1.03%
  8. Dominican Republic Government Bond 1.02%
  9. United Mexican States 1.00%
  10. Kingdom of Saudi Arabia 0.95%

Asset Allocation

Weighting Return Low Return High JEMDX % Rank
Bonds 		95.45% 0.00% 105.61% 48.64%
Cash 		4.50% 0.00% 24.01% 45.58%
Other 		0.04% -13.89% 86.73% 52.04%
Stocks 		0.00% -0.01% 96.53% 81.63%
Preferred Stocks 		0.00% 0.00% 2.76% 75.51%
Convertible Bonds 		0.00% 0.00% 8.47% 90.38%

Bond Sector Breakdown

Weighting Return Low Return High JEMDX % Rank
Government 		72.07% 0.00% 99.79% 36.43%
Corporate 		18.99% 0.00% 91.26% 46.05%
Cash & Equivalents 		3.08% 0.00% 23.23% 41.16%
Derivative 		0.04% -3.00% 13.76% 38.44%
Securitized 		0.00% 0.00% 2.41% 77.66%
Municipal 		0.00% 0.00% 0.00% 74.57%

Bond Geographic Breakdown

Weighting Return Low Return High JEMDX % Rank
US 		94.34% -42.31% 99.15% 21.43%
Non US 		1.12% 0.00% 132.49% 79.25%

JEMDX - Expenses

Operational Fees

JEMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.02% 32.92% 62.80%
Management Fee 0.65% 0.00% 1.10% 41.16%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.02% 0.65% 47.62%

Sales Fees

JEMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

JEMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

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.

JEMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 0.00% 218.00% 24.51%

JEMDX - Distributions

Dividend Yield Analysis

JEMDX Category Low Category High JEMDX % Rank
Dividend Yield 6.22% 0.00% 22.22% 38.44%

Dividend Distribution Analysis

JEMDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

JEMDX Category Low Category High JEMDX % Rank
Net Income Ratio 4.28% -2.28% 8.00% 38.68%

Capital Gain Distribution Analysis

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

Distributions History

View More +

JEMDX - Fund Manager Analysis

Managers

Pierre-Yves Bareau

Start Date

Tenure

Tenure Rank

Oct 19, 2009

12.62

12.6%

Pierre-Yves Bareau, Managing Director, a member of JPMIM’s Global Fixed Income, Currency & Commodities group (GFICC), Mr. Bareau supervises the portfolio management team and shares responsibility for the duration, yield curve, and sector allocation strategies for the Fund. Before joining JPMIM in October 2009, Mr. Bareau was the Chief Investment Officer for Fortis Investments for emerging markets debt for more than 10 years.

Emil Babayev

Start Date

Tenure

Tenure Rank

Mar 01, 2016

6.25

6.3%

Emil Babayev is a member of the GFICC group and is the lead portfolio manager for hard currency debt strategies within the Emerging Markets Debt Team at J.P. Morgan Investment Management, Inc. He has been an employee of JPMIM since 2000 and currently serves as a portfolio manager within the emerging markets debt team.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.15 23.87 6.5 6.11

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