JMBUX: JPMorgan Mortgage-Backed Securities R6

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JMBUX JPMorgan Mortgage-Backed Securities R6


Profile

JMBUX - Profile

Vitals

  • YTD Return 1.5%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $2.84 B
  • Holdings in Top 10 5.3%

52 WEEK LOW AND HIGH

$11.49
$11.14
$11.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.39%

SALES FEES

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

BROKERAGE FEES

  • Turnover 23.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $15,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.28%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Mortgage Backed Securities Fund
  • Fund Family Name
    JPMorgan
  • Inception Date
    Feb 22, 2005
  • Shares Outstanding
    119058366
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • 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, 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.


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Categories

Fund Company Quick Screens

JMBUX - Fund Company Quick Screens


Performance

JMBUX - Performance

Return Ranking - Trailing

Period JMBUX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -33.2% 4.7% 55.26%
1 Yr 2.0% -33.5% 4.6% 56.16%
3 Yr 0.7%* -15.4% 1.7% 46.77%
5 Yr 0.2%* -12.3% 0.6% 59.26%
10 Yr 0.3%* -4.0% 1.4% 33.33%

* Annualized

Return Ranking - Calendar

Period JMBUX Return Category Return Low Category Return High Rank in Category (%)
2019 3.0% -1.1% 4.7% 27.40%
2018 -1.4% -9.3% -1.2% 28.36%
2017 0.0% -2.1% 10.9% 39.34%
2016 -0.6% -9.1% 4.1% 64.29%
2015 -1.1% -10.6% -0.6% 67.92%

Total Return Ranking - Trailing

Period JMBUX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -33.2% 4.7% 55.26%
1 Yr 2.0% -33.5% 4.6% 56.16%
3 Yr 2.7%* -15.4% 3.2% 4.84%
5 Yr 2.7%* -12.3% 2.7% 1.85%
10 Yr 3.5%* -4.0% 3.5% 3.03%

* Annualized

Total Return Ranking - Calendar

Period JMBUX Return Category Return Low Category Return High Rank in Category (%)
2019 3.5% -1.1% 5.1% 19.18%
2018 2.0% -9.3% 2.0% 1.49%
2017 3.4% -2.1% 10.9% 4.92%
2016 2.4% -9.1% 4.1% 3.57%
2015 2.2% -10.6% 2.5% 5.66%

NAV & Total Return History


Holdings

JMBUX - Holdings

Concentration Analysis

JMBUX Category Low Category High JMBUX % Rank
Net Assets 2.84 B 10.3 M 12.1 B 26.32%
Number of Holdings 1944 3 3161 3.95%
Net Assets in Top 10 150 M -58.1 M 3.13 B 47.37%
Weighting of Top 10 5.25% 5.3% 99.8% 95.77%

Top 10 Holdings

  1. Federal Home Loan Mortgage Corporation 3.5% 1.14%
  2. Federal Home Loan Mortgage Corporation 3.5% 0.58%
  3. Government National Mortgage Association 3.5% 0.51%
  4. Federal National Mortgage Association 3.85% 0.45%
  5. Federal National Mortgage Association 3.03% 0.45%
  6. Government National Mortgage Association 4.5% 0.45%
  7. Fnma Pass-Thru I 4% 0.44%
  8. Fnma Pass-Thru I 4.5% 0.41%
  9. Government National Mortgage Association 3.5% 0.41%
  10. Government National Mortgage Association 3.5% 0.41%

Asset Allocation

Weighting Return Low Return High JMBUX % Rank
Bonds
98.57% 83.92% 206.57% 35.53%
Cash
1.31% -114.99% 22.23% 69.74%
Other
0.12% -8.60% 1.70% 3.95%
Stocks
0.00% 0.00% 1.58% 30.26%
Preferred Stocks
0.00% 0.00% 1.18% 31.58%
Convertible Bonds
0.00% 0.00% 3.96% 30.26%

Bond Sector Breakdown

Weighting Return Low Return High JMBUX % Rank
Securitized
97.67% 39.00% 98.15% 2.63%
Cash & Equivalents
1.32% 1.11% 23.70% 92.11%
Corporate
1.00% 0.00% 20.80% 6.58%
Derivative
0.00% 0.00% 8.05% 43.42%
Municipal
0.00% 0.00% 1.48% 42.11%
Government
0.00% 0.00% 20.60% 81.58%

Bond Geographic Breakdown

Weighting Return Low Return High JMBUX % Rank
US
98.40% 74.10% 173.62% 28.95%
Non US
0.17% -46.17% 32.95% 50.00%

Expenses

JMBUX - Expenses

Operational Fees

JMBUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.39% 0.05% 21.33% 89.04%
Management Fee 0.25% 0.00% 1.63% 27.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.45% 40.91%

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

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 23.00% 7.00% 370.00% 10.53%

Distributions

JMBUX - Distributions

Dividend Yield Analysis

JMBUX Category Low Category High JMBUX % Rank
Dividend Yield 0.00% 0.00% 0.59% 48.68%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

JMBUX Category Low Category High JMBUX % Rank
Net Income Ratio 3.28% 0.98% 8.11% 17.81%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

JMBUX - Fund Manager Analysis

Managers

Michael Sais


Start Date

Tenure

Tenure Rank

Jun 30, 2005

14.84

14.8%

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

4.63

4.6%

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


Start Date

Tenure

Tenure Rank

Mar 27, 2019

1.1

1.1%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.37 24.35 6.67 9.5