JPHAX: JPMorgan Floating Rate Income A

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JPHAX JPMorgan Floating Rate Income A


Profile

JPHAX - Profile

Vitals

  • YTD Return -5.1%
  • 3 Yr Annualized Return -2.9%
  • 5 Yr Annualized Return -1.9%
  • Net Assets $649 M
  • Holdings in Top 10 16.2%

52 WEEK LOW AND HIGH

$8.64
$7.19
$9.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.20%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 46.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -5.1%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Floating Rate Income Fund
  • Fund Family Name
    JPMorgan
  • Inception Date
    Jun 01, 2011
  • Shares Outstanding
    2393960
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James Shanahan

Fund Description

The fund invests mainly in floating rate debt instruments issued by corporations. It normally invests at least 80% of its assets in floating rate instruments including Loans, convertible securities, corporate bonds, preferred shares and other floating rate debt instruments. The fund may invest up to 100% of its total assets in below investment grade securities or unrated securities that the adviser deems to be of equivalent quality. Up to 20% of the fund's total assets may be invested in non-U.S. dollar denominated securities in foreign and "emerging markets."


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Categories

Fund Company Quick Screens

JPHAX - Fund Company Quick Screens


Performance

JPHAX - Performance

Return Ranking - Trailing

Period JPHAX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.1% -100.0% 280.3% 66.53%
1 Yr -5.4% -100.0% 281.1% 71.31%
3 Yr -2.9%* -6.5% 55.5% 77.83%
5 Yr -1.9%* -3.9% 30.8% 78.95%
10 Yr N/A* -2.0% 0.2% N/A

* Annualized

Return Ranking - Calendar

Period JPHAX Return Category Return Low Category Return High Rank in Category (%)
2019 1.8% -2.9% 4.1% 65.71%
2018 -4.7% -6.4% 0.1% 54.78%
2017 -0.7% -2.7% 2.5% 80.57%
2016 3.8% -0.4% 7.9% 60.41%
2015 -6.4% -10.4% -0.8% 73.08%

Total Return Ranking - Trailing

Period JPHAX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.1% -100.0% 280.3% 66.53%
1 Yr -5.4% -100.0% 281.1% 71.31%
3 Yr -0.9%* -6.5% 55.5% 16.74%
5 Yr 0.9%* -3.9% 30.8% 11.58%
10 Yr N/A* -2.0% 2.2% N/A

* Annualized

Total Return Ranking - Calendar

Period JPHAX Return Category Return Low Category Return High Rank in Category (%)
2019 2.6% -2.9% 4.4% 48.98%
2018 -0.7% -6.4% 2.5% 11.30%
2017 2.8% -1.6% 7.2% 7.11%
2016 8.5% -0.1% 11.5% 4.57%
2015 -2.6% -8.8% 1.6% 18.68%

NAV & Total Return History


Holdings

JPHAX - Holdings

Concentration Analysis

JPHAX Category Low Category High JPHAX % Rank
Net Assets 649 M 11.2 M 7.47 B 49.00%
Number of Holdings 234 30 1156 71.65%
Net Assets in Top 10 106 M -260 K 922 M 38.98%
Weighting of Top 10 16.18% 6.4% 86.6% 32.68%

Top 10 Holdings

  1. JPMorgan US Government MMkt Instl 2.14%
  2. Intelsat Jackson Holdings, 1st Lien Term Loan 2.08%
  3. Valeant Pharmaceuticals International, Inc., 1st Lien Term Loan B 2.00%
  4. T-Mobile Usa, Inc., 1st Lien Term Loan 1.75%
  5. Centurylink, Inc., 1st Lien Term Loan B 1.73%
  6. Dole Food Co., 1st Lien Term Loan B 1.48%
  7. Concordia Healthcare Corp., Initial Dollar Term Loan 1.48%
  8. Clear Channel Outdoor Holdings Inc., 1st Lien Term Loan B 1.47%
  9. Csc Holdings Llc, 1st Lien Term Loan B 1.05%
  10. Commscope, Inc., 1st Lien Term Loan B-2 1.01%

Asset Allocation

Weighting Return Low Return High JPHAX % Rank
Bonds
95.70% 81.85% 99.93% 39.37%
Cash
2.67% -0.45% 12.20% 79.92%
Stocks
1.34% 0.00% 1.72% 4.33%
Other
0.28% -2.94% 6.96% 33.07%
Preferred Stocks
0.00% 0.00% 1.08% 84.65%
Convertible Bonds
0.00% 0.00% 2.59% 88.58%

Stock Sector Breakdown

Weighting Return Low Return High JPHAX % Rank
Industrials
42.01% 0.00% 100.00% 4.28%
Utilities
37.65% 0.00% 100.00% 7.49%
Consumer Cyclical
20.35% 0.00% 100.00% 17.11%
Technology
0.00% 0.00% 100.00% 93.05%
Real Estate
0.00% 0.00% 41.30% 83.96%
Healthcare
0.00% 0.00% 99.71% 84.49%
Financial Services
0.00% 0.00% 100.00% 85.56%
Energy
0.00% 0.00% 100.00% 93.05%
Communication Services
0.00% 0.00% 100.00% 94.65%
Consumer Defense
0.00% 0.00% 0.92% 86.10%
Basic Materials
0.00% 0.00% 100.00% 86.63%

Stock Geographic Breakdown

Weighting Return Low Return High JPHAX % Rank
US
1.34% 0.00% 1.71% 4.33%
Non US
0.00% 0.00% 0.53% 87.40%

Bond Sector Breakdown

Weighting Return Low Return High JPHAX % Rank
Corporate
97.29% 0.00% 99.76% 11.81%
Cash & Equivalents
2.71% 0.08% 68.77% 83.07%
Derivative
0.00% 0.00% 20.26% 84.25%
Securitized
0.00% 0.00% 97.90% 92.13%
Municipal
0.00% 0.00% 98.79% 82.68%
Government
0.00% 0.00% 4.91% 84.25%

Bond Geographic Breakdown

Weighting Return Low Return High JPHAX % Rank
US
93.83% 8.71% 98.79% 5.51%
Non US
1.87% 0.00% 89.19% 92.91%

Expenses

JPHAX - Expenses

Operational Fees

JPHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.01% 27.10% 39.53%
Management Fee 0.55% 0.00% 1.00% 30.31%
12b-1 Fee 0.25% 0.00% 1.00% 50.00%
Administrative Fee 0.08% 0.03% 0.40% 28.28%

Sales Fees

JPHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 0.75% 5.00% 87.04%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

JPHAX 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.

JPHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 5.00% 412.00% 51.57%

Distributions

JPHAX - Distributions

Dividend Yield Analysis

JPHAX Category Low Category High JPHAX % Rank
Dividend Yield 0.00% 0.00% 4.29% 83.00%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

JPHAX Category Low Category High JPHAX % Rank
Net Income Ratio 5.05% 1.40% 6.82% 32.41%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

JPHAX - Fund Manager Analysis

Managers

James Shanahan


Start Date

Tenure

Tenure Rank

Jun 01, 2011

9.26

9.3%

James P. Shanahan, Jr., managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Cincinnati, Jim is the team leader and senior portfolio manager for the Cincinnati High Yield team and focuses on higher risk credits, including leveraged loans, distressed and special situations investments in high yield mandates. An employee since 1986, he held the same role at Banc One High Yield Partners, LLC and Pacholder Associates, Inc. He graduated from Xavier University and holds a J.D. from the University Of Cincinnati College Of Law.

Alexander Sammarco


Start Date

Tenure

Tenure Rank

Jan 03, 2019

1.66

1.7%

Mr. Sammarco currently serves a senior special situations analyst for J.P. Morgan Investment Management Inc.’s Cincinnati High Yield team. Prior to joining J.P. Morgan Investment Management Inc. in 2013, Mr. Sammarco was at Stark Investments, a global multi-strategy hedge fund, where he served as a senior member of the investment team.

Thomas Davis


Start Date

Tenure

Tenure Rank

Jan 15, 2020

0.63

0.6%

Mr. Davis currently serves as a portfolio manager for the Global High Yield team responsible for leveraged loans at J.P. Morgan Investment Management. Prior to 2019, Mr. Davis was a fixed income trader for the Global High Yield Team.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 16.34 5.51 2.93