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JNBAX JPMorgan Income Builder A

  • Fund
  • JNBAX
  • Price as of: Sep 17, 2019
  • $10.70 + $0.02 + 0.19%

JNBAX - Profile

Vitals

  • YTD Return 8.6%
  • 3 Yr Annualized Return 2.4%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $13.2 B
  • Holdings in Top 10 5.3%

52 WEEK LOW AND HIGH

$10.70
$9.74
$10.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.07%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 59.00%

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 Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 9.2%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.02%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name JPMorgan Income Builder Fund
  • Fund Family Name JPMorgan
  • Inception Date May 31, 2007
  • Shares Outstanding 328673158
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Jeffrey A. Geller

Fund Description

The JPMorgan Income Builder Fund Class A Shares (JNBAX) is an actively managed fund that focuses on current income while still allowing for capital appreciation. JNBAX holds both debt and equity securities as well as derivatives in order to manage duration and yield curve exposure. The fund’s managers use various fundamental and macroeconomic screens to move assets among the various types of IOUs, which include everything from Treasuries to floating-rate bonds, and common dividend-producing stocks.

With its low costs, JNBAX makes an ideal core position within a fixed-income portfolio or as a side play for investors looking to boost the yield of an equity portfolio. The fund is managed by J.P. Morgan Asset Management.

JNBAX - Performance

Return Ranking - Trailing

Period JNBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.6% -5.2% 13.6% 39.45%
1 Yr 2.2% -7.1% 5.4% 7.34%
3 Yr 2.4%* -2.1% 3.7% 5.21%
5 Yr 0.4%* -4.3% 1.0% 16.92%
10 Yr N/A* -1.5% 3.8% N/A

* Annualized


Return Ranking - Calendar

Period JNBAX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.4% -15.2% -3.4% 16.82%
2017 7.6% -0.9% 12.0% 16.67%
2016 3.0% -2.5% 7.7% 74.47%
2015 -4.7% -14.5% -0.7% 10.71%
2014 -1.1% -14.1% 10.2% 40.00%

Total Return Ranking - Trailing

Period JNBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.2% -5.2% 13.8% 41.28%
1 Yr 4.1% -7.1% 5.4% 9.17%
3 Yr 5.9%* -2.1% 7.2% 8.33%
5 Yr 4.2%* -4.3% 5.7% 10.77%
10 Yr N/A* -1.5% 7.9% N/A

* Annualized


Total Return Ranking - Calendar

Period JNBAX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.5% -15.2% 2.3% 13.08%
2017 11.8% -0.9% 16.5% 15.63%
2016 7.6% -1.6% 12.6% 41.49%
2015 -0.9% -8.6% 3.2% 15.48%
2014 3.8% -12.1% 13.1% 35.38%

NAV & Total Return History

JNBAX - Holdings

Concentration Analysis

JNBAX Category Low Category High JNBAX % Rank
Net Assets 13.2 B 2.13 M 30.9 B 10.00%
Number of Holdings 3326 11 4594 5.45%
Net Assets in Top 10 693 M 1.4 M 10.5 B 23.64%
Weighting of Top 10 5.29% 5.3% 200.7% 98.18%

Top 10 Holdings

  1. Coca-Cola Co 0.71%

  2. Pfizer Inc 0.65%

  3. Verizon Communications Inc 0.61%

  4. Taiwan Semiconductor Manufacturing Co Ltd ADR 0.60%

  5. Merck & Co Inc 0.54%

  6. United States Treasury Notes 2% 0.48%

  7. Texas Instruments Inc 0.46%

  8. Prologis Inc 0.44%

  9. Comcast Corp Class A 0.40%

  10. Federal National Mortgage Association 3.5% 0.39%


Asset Allocation

Weighting Return Low Return High JNBAX % Rank
Bonds
55.49% -120.56% 78.04% 30.91%
Stocks
34.26% -1.32% 65.70% 55.45%
Cash
6.01% -19.56% 184.19% 47.27%
Convertible Bonds
2.76% 0.00% 13.88% 40.91%
Preferred Stocks
1.33% 0.00% 20.01% 45.45%
Other
0.13% -2.33% 23.86% 38.18%

Stock Sector Breakdown

Weighting Return Low Return High JNBAX % Rank
Real Estate
6.85% 0.00% 24.33% 31.68%
Financial Services
6.26% 0.00% 13.37% 50.50%
Technology
3.04% 0.00% 11.12% 42.57%
Healthcare
2.98% 0.00% 7.22% 35.64%
Consumer Defense
2.97% 0.00% 5.56% 33.66%
Industrials
2.90% 0.02% 8.29% 50.50%
Communication Services
2.20% 0.00% 3.80% 24.75%
Energy
2.03% 0.00% 10.92% 65.35%
Utilities
1.95% 0.00% 12.66% 41.58%
Consumer Cyclical
1.89% 0.00% 8.80% 58.42%
Basic Materials
1.11% 0.00% 4.48% 51.49%

Stock Geographic Breakdown

Weighting Return Low Return High JNBAX % Rank
US
17.28% -1.32% 41.28% 57.27%
Non US
16.98% 0.00% 38.14% 30.91%

Bond Sector Breakdown

Weighting Return Low Return High JNBAX % Rank
Corporate
39.15% -0.98% 60.95% 42.73%
Securitized
17.36% 0.00% 17.44% 5.45%
Cash & Equivalents
6.01% -21.88% 186.99% 47.27%
Government
3.09% -132.75% 63.94% 70.91%
Derivative
0.00% -0.51% 0.42% 38.18%
Municipal
0.00% 0.00% 4.03% 47.27%

Bond Geographic Breakdown

Weighting Return Low Return High JNBAX % Rank
US
46.69% -166.35% 51.24% 5.45%
Non US
8.80% 2.71% 63.98% 90.91%

JNBAX - Expenses

Operational Fees

JNBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.18% 11.95% 53.21%
Management Fee 0.42% 0.10% 1.00% 20.91%
12b-1 Fee 0.25% 0.00% 1.00% 22.06%
Administrative Fee 0.08% 0.03% 0.15% 54.90%

Sales Fees

JNBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 2.25% 5.75% 60.87%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

JNBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 19.86% 282.00% 34.55%

JNBAX - Distributions

Dividend Yield Analysis

JNBAX Category Low Category High JNBAX % Rank
Dividend Yield 2.16% 0.68% 5.68% 83.64%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

JNBAX Category Low Category High JNBAX % Rank
Net Income Ratio 4.02% 0.15% 7.47% 49.54%

Capital Gain Distribution Analysis

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

JNBAX - Managers

Jeffrey A. Geller

Manager

Start Date

Tenure

Tenure Rank

May 31, 2007

12.26

12.3%

Jeffrey Geller, CFA, managing director, is a Chief Investment Officer of Multi-Asset Solutions, where he is responsible for investment oversight of all mandates managed in New York. This includes providing oversight with respect to manager and strategy suitability and fit and ensuring that the team's asset allocation views are reflected appropriately across a diverse set of mandates. Jeff is also a portfolio manager for less constrained multi-asset class portfolios as well as portfolios with alternatives exposure. Before joining the firm in 2006, Jeff was director of Hedge Fund Investments at Russell Investment Group and served as chairman of the Firm's hedge fund investment committee. Prior to that, he was a senior partner at Credit Suisse Asset Management's BEA Associates unit where he had responsibility for managing equity, currency overlay and relative value arbitrage strategies. Jeff earned a Bachelor of Arts in Government from Clark University and an M.B.A. in Finance from the University of Chicago Graduate School Of Business. He is a CFA charterholder and is Series 24, 7, and 63 licensed


Michael Schoenhaut

Manager

Start Date

Tenure

Tenure Rank

May 31, 2007

12.26

12.3%

Michael Schoenhaut, managing director, is a portfolio manager on J.P. Morgan Asset Management& Multi-Asset Solutions team, based in New York. Michael is primarily responsible for portfolio construction, manager selection and the interpretation and implementation of the team&asset allocation views in their multi-asset portfolios. He manages a global suite of multi-asset income funds, the SmartRetirement target date funds, and traditional balanced strategies. In fact, the SmartRetirement team was awarded the 2014 Morningstar U.S. Allocation Fund Manager of the Year for their efforts. An employee since 1997, Michael has held other positions within Multi-Asset Solutions, including portfolio manager for balanced strategies and head of quantitative portfolio management. Michael earned a Bachelors of Science in Operations Research and Industrial Engineering from Cornell University and is a CFA charterholder.


Eric J. Bernbaum

Manager

Start Date

Tenure

Tenure Rank

Dec 09, 2014

4.73

4.7%

Mr. Bernbaum, Vice President and CFA charterholder, has been an employee of JPMIM and GIM Solutions — GMAG since 2008.


Matthew G. Pallai

Manager

Start Date

Tenure

Tenure Rank

Feb 12, 2019

0.55

0.6%

Matthew Pallai, executive director, is a member of the Multi-Asset Solutions (MAS) group. Based in New York, he is the portfolio manager with responsibility across balanced and outcome oriented advisory model portfolio solutions. Prior to joining the MAS team, Matthew was a portfolio manager in the Global Fixed Income Currency & Commodities group (GFICC) working on unconstrained multi-sector fixed income strategies. In GFICC, Matthew focused on portfolio construction, sector allocation, and macroeconomic strategy, in addition to having lead responsibility for securitized investments within unconstrained products. Previously, he has held positions on both the Agency and Non-Agency Mortgage Teams within GFICC, where he was responsible for analyzing and trading residential mortgage-backed securities. An employee of since 2003, Matthew began his tenure at the firm as an analyst on the Mortgage Team (GFICC), where he developed and maintained quantitative relative value tools and assisted senior investors with security selection. Matthew holds a B.A. in mathematics from Boston College and an M.A. in economics from New York University.


Tenure Analysis

Category Low

0.04

Category High

17.68

Category Average

4.46

Category Mode

4.94