JPHSX: JPMorgan Floating Rate Income Fund - MutualFunds.com
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JPMorgan Floating Rate Income I

JPHSX - Snapshot

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 2.7%
  • 5 Yr Annualized Return 3.9%
  • Net Assets $589 M
  • Holdings in Top 10 16.7%

52 WEEK LOW AND HIGH

$8.95
$7.19
$9.12

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.91%

SALES FEES

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

BROKERAGE FEES

  • Turnover 46.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Compare JPHSX to Popular Bank Loan Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$9.36

0.00%

$6.74 B

3.76%

$0.35

1.08%

-

$8.40

0.00%

$5.58 B

4.57%

$0.38

1.20%

-

$10.56

0.00%

$5.39 B

4.29%

$0.45

1.34%

-

$8.82

0.00%

$5.16 B

3.59%

$0.32

1.15%

-

$22.36

-0.09%

$4.82 B

3.54%

$0.79

0.36%

-

JPHSX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.19%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Floating Rate Income Fund
  • Fund Family Name
    J.P. Morgan
  • Inception Date
    Jun 01, 2011
  • Shares Outstanding
    28179531
  • Share Class
    Inst
  • 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."


JPHSX - Performance

Return Ranking - Trailing

Period JPHSX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -0.3% 2.5% 24.17%
1 Yr 1.3% -8.8% 8.2% 54.88%
3 Yr 2.7%* -1.8% 5.6% 59.15%
5 Yr 3.9%* 1.7% 8.6% 63.16%
10 Yr N/A* 1.7% 6.6% N/A

* Annualized

Return Ranking - Calendar

Period JPHSX Return Category Return Low Category Return High Rank in Category (%)
2020 -2.7% -16.5% 289.8% 57.64%
2019 1.7% -4.9% 7.5% 72.76%
2018 -4.6% -9.7% 5.5% 41.89%
2017 -0.7% -4.2% 3.7% 74.69%
2016 3.8% -65.0% 12.9% 65.64%

Total Return Ranking - Trailing

Period JPHSX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -0.3% 2.5% 24.17%
1 Yr 1.3% -9.8% 8.2% 41.08%
3 Yr 2.7%* -2.6% 5.6% 50.00%
5 Yr 3.9%* 1.6% 8.6% 56.02%
10 Yr N/A* 1.7% 6.6% N/A

* Annualized

Total Return Ranking - Calendar

Period JPHSX Return Category Return Low Category Return High Rank in Category (%)
2020 -2.7% -16.5% 289.8% 57.64%
2019 2.5% -4.9% 7.5% 60.22%
2018 -0.3% -9.7% 5.5% 5.66%
2017 3.1% -4.2% 7.2% 6.22%
2016 8.7% -65.0% 12.9% 9.69%

NAV & Total Return History


JPHSX - Holdings

Concentration Analysis

JPHSX Category Low Category High JPHSX % Rank
Net Assets 589 M 6.19 M 6.74 B 51.40%
Number of Holdings 236 13 1202 72.52%
Net Assets in Top 10 102 M -149 M 1.24 B 34.77%
Weighting of Top 10 16.68% 5.8% 91.3% 34.22%

Top 10 Holdings

  1. JPMorgan US Government MMkt Instl 3.48%
  2. Intelsat Jackson Holdings, 1st Lien Term Loan 2.23%
  3. Valeant Pharmaceuticals International, Inc., 1st Lien Term Loan B 2.09%
  4. Valeant Pharmaceuticals International, Inc., 1st Lien Term Loan B 2.09%
  5. Valeant Pharmaceuticals International, Inc., 1st Lien Term Loan B 2.09%
  6. Valeant Pharmaceuticals International, Inc., 1st Lien Term Loan B 2.09%
  7. Valeant Pharmaceuticals International, Inc., 1st Lien Term Loan B 2.09%
  8. Valeant Pharmaceuticals International, Inc., 1st Lien Term Loan B 2.09%
  9. Valeant Pharmaceuticals International, Inc., 1st Lien Term Loan B 2.09%
  10. Valeant Pharmaceuticals International, Inc., 1st Lien Term Loan B 2.09%

Asset Allocation

Weighting Return Low Return High JPHSX % Rank
Bonds
94.19% 26.84% 146.33% 47.68%
Cash
3.51% -3.64% 55.70% 63.25%
Stocks
1.93% 0.00% 8.10% 10.26%
Convertible Bonds
0.21% 0.00% 1.92% 30.46%
Other
0.17% -51.44% 10.21% 43.05%
Preferred Stocks
0.00% 0.00% 22.09% 50.00%

Stock Sector Breakdown

Weighting Return Low Return High JPHSX % Rank
Energy
66.12% 0.00% 100.00% 15.86%
Consumer Cyclical
21.72% 0.00% 100.00% 17.18%
Communication Services
12.16% 0.00% 100.00% 51.98%
Utilities
0.00% 0.00% 100.00% 40.53%
Technology
0.00% 0.00% 100.00% 47.14%
Real Estate
0.00% 0.00% 32.44% 29.96%
Industrials
0.00% 0.00% 100.00% 48.02%
Healthcare
0.00% 0.00% 100.00% 39.21%
Financial Services
0.00% 0.00% 100.00% 35.24%
Consumer Defense
0.00% 0.00% 99.68% 36.12%
Basic Materials
0.00% 0.00% 29.26% 43.61%

Stock Geographic Breakdown

Weighting Return Low Return High JPHSX % Rank
US
1.93% 0.00% 8.26% 8.94%
Non US
0.00% -0.16% 3.40% 46.36%

Bond Sector Breakdown

Weighting Return Low Return High JPHSX % Rank
Corporate
96.39% 0.00% 100.00% 21.59%
Cash & Equivalents
3.61% 0.00% 69.25% 68.11%
Derivative
0.00% 0.00% 7.14% 33.22%
Securitized
0.00% 0.00% 100.00% 58.14%
Municipal
0.00% 0.00% 2.40% 32.56%
Government
0.00% 0.00% 0.48% 34.22%

Bond Geographic Breakdown

Weighting Return Low Return High JPHSX % Rank
US
94.19% 6.47% 136.43% 7.95%
Non US
0.00% 0.00% 91.71% 97.68%

JPHSX - Expenses

Operational Fees

JPHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.01% 27.10% 69.83%
Management Fee 0.55% 0.00% 1.73% 18.15%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.03% 0.40% 24.56%

Sales Fees

JPHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

JPHSX 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.

JPHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 0.00% 412.00% 43.69%

JPHSX - Distributions

Dividend Yield Analysis

JPHSX Category Low Category High JPHSX % Rank
Dividend Yield 0.00% 0.00% 5.55% 32.03%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

JPHSX Category Low Category High JPHSX % Rank
Net Income Ratio 5.19% 1.29% 9.15% 21.69%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

JPHSX - Fund Manager Analysis

Managers

James Shanahan


Start Date

Tenure

Tenure Rank

Jun 01, 2011

9.59

9.6%

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

1.99

2.0%

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.

Thomas Davis


Start Date

Tenure

Tenure Rank

Jan 15, 2020

0.96

1.0%

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
0.15 25.69 5.64 1.84