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JMBUX JPMorgan Mortgage-Backed Securities R6

  • Fund
  • JMBUX
  • Price as of: Sep 17, 2019
  • $11.40 + $0.01 + 0.09%

JMBUX - Profile

Vitals

  • YTD Return 3.7%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $2.46 B
  • Holdings in Top 10 5.0%

52 WEEK LOW AND HIGH

$11.40
$10.75
$11.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.46%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$15,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Core Bond

Distributions

  • YTD Total Return 4.3%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.37%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name JPMorgan Mortgage Backed Securities Fund
  • Fund Family Name JPMorgan
  • Inception Date Feb 22, 2005
  • Shares Outstanding 105640155
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Michael J. 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, it invests at least 80% of its assets in mortgage-backed securities. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund's average weighted maturity will normally range between two and ten years.

JMBUX - Performance

Return Ranking - Trailing

Period JMBUX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% 0.1% 5.7% 14.46%
1 Yr 5.0% -0.1% 5.3% 4.88%
3 Yr -0.1%* -1.5% 0.9% 17.39%
5 Yr 0.2%* -1.5% 0.3% 24.19%
10 Yr 0.5%* -1.1% 0.9% 41.67%

* Annualized


Return Ranking - Calendar

Period JMBUX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.4% -4.7% 3.1% 32.89%
2017 0.0% -2.3% 2.9% 28.99%
2016 -0.6% -2.3% 1.5% 63.08%
2015 -1.1% -3.9% -0.6% 58.06%
2014 1.2% 0.0% 3.8% 87.27%

Total Return Ranking - Trailing

Period JMBUX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% 0.1% 5.7% 12.05%
1 Yr 6.7% -0.1% 6.8% 3.66%
3 Yr 2.7%* -1.5% 6.0% 8.70%
5 Yr 3.1%* -1.5% 5.3% 9.68%
10 Yr 4.2%* -1.1% 4.2% 2.78%

* Annualized


Total Return Ranking - Calendar

Period JMBUX Return Category Return Low Category Return High Rank in Category (%)
2018 2.0% -4.7% 8.0% 9.21%
2017 3.4% -2.2% 5.5% 8.70%
2016 2.4% -2.3% 6.7% 9.23%
2015 2.2% -3.9% 2.6% 11.29%
2014 4.8% 0.0% 5.6% 3.64%

NAV & Total Return History

JMBUX - Holdings

Concentration Analysis

JMBUX Category Low Category High JMBUX % Rank
Net Assets 2.46 B 15.8 M 11.3 B 24.10%
Number of Holdings 1833 9 3056 3.61%
Net Assets in Top 10 118 M -9.31 M 1.58 B 60.24%
Weighting of Top 10 5.01% 5.0% 183.5% 96.39%

Top 10 Holdings

  1. Federal Home Loan Mortgage Corporation 3.5% 0.73%

  2. Government National Mortgage Association 4.5% 0.55%

  3. Federal National Mortgage Association 3.03% 0.52%

  4. Federal National Mortgage Association 3.85% 0.52%

  5. United States Treasury Notes 1.5% 0.51%

  6. Federal National Mortgage Association 4.08% 0.47%

  7. Federal National Mortgage Association 3.18% 0.44%

  8. Federal National Mortgage Association 2.71% 0.43%

  9. Federal National Mortgage Association 2.48% 0.43%

  10. Vm Debt 2019-1 Tr 144A 7.5% 0.42%


Asset Allocation

Weighting Return Low Return High JMBUX % Rank
Bonds
95.00% 83.92% 160.18% 55.42%
Cash
4.85% -63.53% 15.81% 42.17%
Other
0.15% -4.98% 3.26% 10.84%
Stocks
0.00% -0.02% 0.08% 34.94%
Preferred Stocks
0.00% 0.00% 0.67% 32.53%
Convertible Bonds
0.00% 0.00% 0.22% 33.73%

Bond Sector Breakdown

Weighting Return Low Return High JMBUX % Rank
Securitized
93.73% 64.27% 159.11% 53.01%
Cash & Equivalents
4.85% -63.53% 15.22% 48.19%
Corporate
0.67% 0.00% 1.42% 9.64%
Government
0.61% -13.77% 19.91% 43.37%
Derivative
0.00% -5.93% 46.52% 28.92%
Municipal
0.00% 0.00% 2.13% 39.76%

Bond Geographic Breakdown

Weighting Return Low Return High JMBUX % Rank
US
94.61% 74.80% 160.17% 49.40%
Non US
0.39% 0.00% 16.92% 44.58%

JMBUX - Expenses

Operational Fees

JMBUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.46% 0.05% 13.46% 90.24%
Management Fee 0.25% 0.05% 0.70% 24.10%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.45% 36.00%

Sales Fees

JMBUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

JMBUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.00% 22.00% 1580.00% 1.20%

JMBUX - Distributions

Dividend Yield Analysis

JMBUX Category Low Category High JMBUX % Rank
Dividend Yield 1.88% 0.60% 4.70% 45.78%

Dividend Distribution Analysis

JMBUX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

JMBUX Category Low Category High JMBUX % Rank
Net Income Ratio 3.37% 0.54% 4.77% 21.95%

Capital Gain Distribution Analysis

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

JMBUX - Managers

Michael J. Sais

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2005

14.18

14.2%

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 D. Figuly

Manager

Start Date

Tenure

Tenure Rank

Sep 14, 2015

3.96

4.0%

Managing Director, became part of the team responsible for management of the Fund in September 2015. An employee of JPMIM or predecessor firms since 1993, Mr. Figuly is a member of the GFICC group and a portfolio manager for the U.S. Value Driven team and is responsible for managing certain J.P. Morgan Funds and institutional taxable bond portfolios.


Andy Melchiorre

Manager

Start Date

Tenure

Tenure Rank

Mar 27, 2019

0.43

0.4%


Tenure Analysis

Category Low

0.17

Category High

26.59

Category Average

6.76

Category Mode

8.84