JPHAX: JPMorgan Floating Rate Income A

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

JPHAX JPMorgan Floating Rate Income A

  • Fund
  • JPHAX
  • Price as of: Jan 17, 2020
  • $9.15
    - $0.00 - 0.00%

Profile

JPHAX - Profile

Vitals

  • YTD Return 0.5%
  • 3 Yr Annualized Return -1.2%
  • 5 Yr Annualized Return -1.2%
  • Net Assets $1.14 B
  • Holdings in Top 10 15.9%

52 WEEK LOW AND HIGH

$9.15
$9.02
$9.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.17%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 38.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.58%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Floating Rate Income Fund Class A
  • Fund Family Name
    JPMorgan
  • Inception Date
    Jun 01, 2011
  • Shares Outstanding
    3693342
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    William Morgan

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."


Get Updates About JPHAX

Sign up for Advisor Access to receive email updates about JPHAX competitors, news, CE accredited webcasts and more.

Please Enter Your Email
Please Select Your Advisor Type

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 0.5% 0.0% 1.3% 31.82%
1 Yr -0.2% -7.9% 11.8% 83.78%
3 Yr -1.2%* -2.7% 4.6% 75.66%
5 Yr -1.2%* -2.2% 5.0% 85.93%
10 Yr N/A* -9.0% 6.0% N/A

* Annualized

Return Ranking - Calendar

Period JPHAX Return Category Return Low Category Return High Rank in Category (%)
2019 1.8% -8.1% 5.7% 66.41%
2018 -4.7% -12.2% 0.1% 51.64%
2017 -0.7% -2.7% 2.5% 79.46%
2016 3.8% -0.4% 12.9% 62.38%
2015 -6.4% -12.5% -0.8% 70.77%

Total Return Ranking - Trailing

Period JPHAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% 0.0% 1.3% 31.82%
1 Yr 0.5% -7.9% 11.8% 66.02%
3 Yr 1.6%* -2.7% 4.6% 18.14%
5 Yr 2.1%* -2.0% 5.0% 23.12%
10 Yr N/A* -9.0% 6.0% N/A

* Annualized

Total Return Ranking - Calendar

Period JPHAX Return Category Return Low Category Return High Rank in Category (%)
2019 2.6% -8.1% 5.7% 50.58%
2018 -0.7% -12.2% 2.5% 10.66%
2017 2.8% -2.5% 7.2% 6.70%
2016 8.5% -0.1% 12.9% 6.19%
2015 -2.6% -12.5% 1.6% 17.44%

NAV & Total Return History


Holdings

JPHAX - Holdings

Concentration Analysis

JPHAX Category Low Category High JPHAX % Rank
Net Assets 1.14 B 11.4 M 9.81 B 41.22%
Number of Holdings 255 28 1111 69.92%
Net Assets in Top 10 187 M -116 M 1.38 B 32.71%
Weighting of Top 10 15.85% 5.6% 88.7% 23.31%

Top 10 Holdings

  1. Valeant Pharmaceuticals International, Inc., 1st Lien Term Loan B 2.28%
  2. Centurylink, Inc., 1st Lien Term Loan B 2.02%
  3. Intelsat Jackson Holdings, 1st Lien Term Loan 2.00%
  4. Csc Holdings Llc, 1st Lien Term Loan B 1.70%
  5. Dole Food Company, Inc., Term Loan 1.47%
  6. Concordia Healthcare Corp., Initial Dollar Term Loan 1.40%
  7. Staples, Inc., 1st Lien Term Loan 1.35%
  8. Nva Holdings, Inc., 1st Lien Term Loan B 1.22%
  9. TransDigm Group, Inc., 1st Lien Term Loan F 1.21%
  10. Sprint Corporation 7.88% 1.18%

Asset Allocation

Weighting Return Low Return High JPHAX % Rank
Bonds
94.54% 87.44% 154.72% 54.51%
Cash
4.70% -43.84% 12.29% 45.49%
Stocks
0.58% 0.00% 4.82% 21.05%
Other
0.19% -56.50% 3.41% 34.59%
Preferred Stocks
0.00% 0.00% 0.59% 75.19%
Convertible Bonds
0.00% 0.00% 2.13% 77.82%

Stock Sector Breakdown

Weighting Return Low Return High JPHAX % Rank
Industrials
42.01% 0.00% 100.00% 5.34%
Utilities
37.65% 0.00% 88.34% 2.43%
Consumer Cyclical
20.35% 0.00% 100.00% 40.78%
Technology
0.00% 0.00% 100.00% 80.58%
Real Estate
0.00% 0.00% 29.97% 75.73%
Healthcare
0.00% 0.00% 57.18% 79.13%
Financial Services
0.00% 0.00% 100.00% 75.24%
Energy
0.00% 0.00% 100.00% 90.78%
Communication Services
0.00% 0.00% 99.99% 85.44%
Consumer Defense
0.00% 0.00% 1.48% 76.70%
Basic Materials
0.00% 0.00% 100.00% 83.98%

Stock Geographic Breakdown

Weighting Return Low Return High JPHAX % Rank
US
0.58% 0.00% 4.01% 20.30%
Non US
0.00% 0.00% 0.81% 80.08%

Bond Sector Breakdown

Weighting Return Low Return High JPHAX % Rank
Corporate
94.74% 0.00% 99.84% 39.47%
Cash & Equivalents
4.73% 0.16% 48.95% 50.00%
Securitized
0.53% 0.00% 98.99% 39.47%
Derivative
0.00% -0.01% 2.18% 77.82%
Municipal
0.00% 0.00% 98.05% 77.07%
Government
0.00% 0.00% 8.21% 72.93%

Bond Geographic Breakdown

Weighting Return Low Return High JPHAX % Rank
US
83.86% 4.98% 142.27% 26.69%
Non US
10.68% 0.00% 93.00% 72.18%

Expenses

JPHAX - Expenses

Operational Fees

JPHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.17% 0.01% 27.10% 42.11%
Management Fee 0.55% 0.00% 1.00% 32.08%
12b-1 Fee 0.25% 0.00% 1.00% 47.62%
Administrative Fee 0.08% 0.02% 0.40% 30.69%

Sales Fees

JPHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 0.75% 5.00% 85.45%
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 38.00% 1.00% 209.00% 31.32%

Distributions

JPHAX - Distributions

Dividend Yield Analysis

JPHAX Category Low Category High JPHAX % Rank
Dividend Yield 1.27% 0.00% 6.59% 52.63%

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 4.58% 1.49% 10.03% 65.04%

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

William Morgan


Start Date

Tenure

Tenure Rank

Jun 01, 2011

8.59

8.6%

William J. Morgan, managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Cincinnati, Bill is the team leader and senior portfolio manager for the Cincinnati High Yield team and is responsible for overseeing high yield, loans and distressed strategies. An employee since 1984, he held the same role at Banc One High Yield Partners, LLC and Pacholder Associates, Inc. Bill holds a B.A. in history from Kenyon College and an M.B.A from Xavier University.

James Shanahan


Start Date

Tenure

Tenure Rank

Jun 01, 2011

8.59

8.6%

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

0.99

1.0%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 16.11 5.2 2.26