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Name

As of 11/20/2024

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 Mortgage-Backed Securities Fund

JMBUX | Fund

$10.12

$5.76 B

4.31%

$0.44

0.36%

Vitals

YTD Return

2.8%

1 yr return

7.6%

3 Yr Avg Return

-0.7%

5 Yr Avg Return

0.7%

Net Assets

$5.76 B

Holdings in Top 10

17.9%

52 WEEK LOW AND HIGH

$10.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.36%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 132.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$15,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/20/2024

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 Mortgage-Backed Securities Fund

JMBUX | Fund

$10.12

$5.76 B

4.31%

$0.44

0.36%

JMBUX - Profile

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 4.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Mortgage-Backed Securities Fund
  • Fund Family Name
    JPMorgan
  • Inception Date
    Feb 23, 2005
  • Shares Outstanding
    186621818
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Sais

Fund Description

The Fund invests mainly in investment grade mortgage-backed securities or unrated mortgage-backed securities which the adviser determines to be of comparable quality. Under normal circumstances, the Fund invests at least 80% of its Assets in mortgage-backed securities. For purposes of this policy, “Assets” means net assets plus the amount of borrowings for investment purposes.As part of its principal investment strategy, the Fund may invest in securities issued or guaranteed by U.S. government agencies or instrumentalities such as the Government National Mortgage Association (Ginnie Mae), the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) or non-governmental securities, commercial mortgage securities, collateralized mortgage obligations (agency and non-agency), stripped mortgage-backed securities, mortgage pass-through securities and other securities representing an interest in or secured by mortgages including asset-backed securities backed by home equity loans. These securities may be structured such that payments consist of interest-only (IO), principal-only (PO) or principal and interest. The Fund may invest a significant portion or all of its assets in mortgage-backed securities in the adviser’s discretion. The Fund expects to invest no more than 10% of its assets in “sub-prime” mortgage-related securities at the time of purchase. All securities will be U.S. dollar-denominated although they may be issued by a foreign corporation or a U.S. affiliate of a foreign corporation or a foreign government or its agencies and instrumentalities. As a matter of fundamental policy, at least 65% of the Fund’s total assets will consist of bonds.The Fund’s average weighted maturity will normally range between two and ten years. The Fund may have a longer or shorter average weighted maturity under certain market conditions and the Fund may shorten or lengthen its average weighted maturity if deemed appropriate for temporary defensive purposes. Because of the Fund’s holdings in asset-backed, mortgage-backed and similar securities, the Fund’s average weighted maturity is equivalent to the average weighted maturity of the cash flows in the securities held by the Fund given certain prepayment assumptions (also known as weighted average life).The adviser buys and sells securities and investments for the Fund based on its view of individual securities and market sectors. Taking a long-term approach, the adviser looks for individual fixed income investments that it believes will perform well over market cycles. The adviser is value oriented and makes decisions to purchase and sell individual securities and instruments after performing a risk/reward analysis that includes an evaluation of interest rate risk, credit risk, duration, liquidity, legal provisions and the structure of the transaction. As part of its security selection process, the adviser seeks to assess the impact of environmental, social and governance (ESG) factors on certain issuers 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 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 that may be positively impacted by such factors.
Read More

JMBUX - Performance

Return Ranking - Trailing

Period JMBUX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -6.4% 11.1% 24.02%
1 Yr 7.6% -2.1% 16.2% 26.39%
3 Yr -0.7%* -10.6% 27.5% 6.69%
5 Yr 0.7%* -7.5% 58.4% 21.14%
10 Yr 2.0%* -2.9% 73.8% 15.49%

* Annualized

Return Ranking - Calendar

Period JMBUX Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -16.2% 8.1% 38.07%
2022 -12.3% -34.7% 131.9% 4.95%
2021 -1.9% -11.6% 4.4% 5.83%
2020 2.0% -10.1% 946.1% 85.89%
2019 3.0% -1.7% 16.9% 93.59%

Total Return Ranking - Trailing

Period JMBUX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -6.4% 11.1% 24.02%
1 Yr 7.6% -2.1% 16.2% 26.39%
3 Yr -0.7%* -10.6% 27.5% 6.69%
5 Yr 0.7%* -7.5% 58.4% 21.14%
10 Yr 2.0%* -2.9% 73.8% 15.49%

* Annualized

Total Return Ranking - Calendar

Period JMBUX Return Category Return Low Category Return High Rank in Category (%)
2023 6.1% -11.3% 11.9% 47.53%
2022 -10.1% -32.2% 131.9% 5.05%
2021 -0.2% -9.4% 9.2% 27.72%
2020 5.7% -1.9% 1009.0% 90.10%
2019 6.8% 1.1% 21668.0% 88.49%

NAV & Total Return History

JMBUX - Holdings

Concentration Analysis

JMBUX Category Low Category High JMBUX % Rank
Net Assets 5.76 B 2.9 M 314 B 24.10%
Number of Holdings 2403 1 17787 15.72%
Net Assets in Top 10 1.05 B 1.62 M 35.1 B 28.26%
Weighting of Top 10 17.93% 4.4% 432.9% 68.83%

Top 10 Holdings

  1. JPMorgan Prime Money Market Fund, Class Institutional 8.27%
  2. FNMA/FHLMC UMBS, Single Family, 30 Year 2.67%
  3. FNMA/FHLMC UMBS, Single Family, 30 Year 1.70%
  4. U.S. Treasury Bonds 1.40%
  5. FNMA/FHLMC UMBS, Single Family, 30 Year 0.86%
  6. U.S. Treasury Bonds 0.81%
  7. FNMA UMBS, 30 Year 0.69%
  8. FNMA ACES, Series 2022-M4, Class 2A2 0.60%
  9. GNMA II, Single Family, 30 Year 0.51%
  10. FNMA UMBS, 30 Year 0.42%

Asset Allocation

Weighting Return Low Return High JMBUX % Rank
Bonds 		86.10% 0.00% 993.61% 82.87%
Other 		11.82% -16.55% 52.94% 21.69%
Cash 		8.27% -54.51% 237.69% 18.40%
Stocks 		0.00% 0.00% 99.99% 52.41%
Preferred Stocks 		0.00% 0.00% 71.02% 46.15%
Convertible Bonds 		0.00% 0.00% 7.93% 90.27%

Bond Sector Breakdown

Weighting Return Low Return High JMBUX % Rank
Securitized 		86.33% 0.00% 98.40% 3.00%
Government 		9.07% 0.00% 86.23% 88.10%
Cash & Equivalents 		8.27% -0.46% 237.69% 19.01%
Corporate 		0.63% 0.00% 100.00% 95.65%
Municipal 		0.18% 0.00% 100.00% 60.87%
Derivative 		-0.02% -1.58% 44.82% 87.15%

Bond Geographic Breakdown

Weighting Return Low Return High JMBUX % Rank
US 		86.10% 0.00% 993.61% 77.18%
Non US 		0.00% 0.00% 30.95% 52.31%

JMBUX - Expenses

Operational Fees

JMBUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.36% 0.01% 39.64% 86.87%
Management Fee 0.25% 0.00% 1.76% 14.23%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.50% 39.11%

Sales Fees

JMBUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

JMBUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

JMBUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 132.00% 2.00% 493.39% 51.08%

JMBUX - Distributions

Dividend Yield Analysis

JMBUX Category Low Category High JMBUX % Rank
Dividend Yield 4.31% 0.00% 10.11% 57.74%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

JMBUX Category Low Category High JMBUX % Rank
Net Income Ratio 1.57% -1.28% 4.79% 57.75%

Capital Gain Distribution Analysis

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

Distributions History

View More +

JMBUX - Fund Manager Analysis

Managers

Michael Sais

Start Date

Tenure

Tenure Rank

Jun 30, 2005

16.93

16.9%

Mr. Sais, Managing Director and CFA charterholder, is a Fixed Income Fund Manager for the Insurance Asset Management Team and a member of the Columbus Taxable Bond Team . He joined J.P. Morgan Investment Management Inc in 1994 as a senior fixed income research analyst. Prior to this, he served as senior investment portfolio manager of Valley National Bank of Phoenix. Sais began his career with Citibank. Mr. Sais holds the Chartered Financial Analyst designation.

Richard Figuly

Start Date

Tenure

Tenure Rank

Sep 14, 2015

6.72

6.7%

Richard Figuly, Managing Director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Columbus, Rick is a portfolio manager for the U.S. Value Driven team and is responsible for managing institutional taxable bond portfolios. An employee since 1993, Rick previously served as a fixed income trader trading all taxable fixed income securities while specializing in structured products. Prior to joining the firm, Rick was a fiduciary tax accountant at the Bank One Ohio Trust Company. Rick is also a retired Major of the Ohio Army National Guard. He holds a B.S. in finance from The Ohio State University.

Andrew Melchiorre

Start Date

Tenure

Tenure Rank

Mar 27, 2019

3.18

3.2%

Mr. Melchiorre is a member of the GFICC group and is a portfolio manager for the U.S. Value Driven team responsible for managing institutional taxable bond portfolios.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16

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