OBBCX: JPMorgan Mortgage Backed Securities Fund - MutualFunds.com
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JPMorgan Mortgage Backed Securities C

OBBCX - Snapshot

Vitals

  • YTD Return -0.3%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 2.4%
  • Net Assets $5.56 B
  • Holdings in Top 10 32.7%

52 WEEK LOW AND HIGH

$11.47
$11.43
$11.62

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.15%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 93.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Compare OBBCX to Popular U.S. Intermediate-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$86.76

+0.15%

$312.15 B

1.97%

$1.71

-1.54%

0.04%

$11.43

+0.18%

$312.15 B

-

$0.00

-1.64%

0.15%

$11.28

+0.18%

$251.65 B

1.88%

$0.21

-1.57%

0.09%

$11.09

+0.09%

$89.74 B

1.04%

$0.11

-0.81%

0.68%

$116.46

+0.14%

$88.80 B

1.87%

$2.18

-1.40%

0.04%

OBBCX - Profile

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.56%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Mortgage Backed Securities Fund
  • Fund Family Name
    J.P. Morgan
  • Inception Date
    Jul 02, 2012
  • Shares Outstanding
    2001145
  • Share Class
    C
  • 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.


OBBCX - Performance

Return Ranking - Trailing

Period OBBCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -83.5% 1380.0% 16.20%
1 Yr 1.1% -9.0% 21.3% 67.13%
3 Yr 4.0%* 0.2% 10.6% 93.79%
5 Yr 2.4%* 0.8% 7.7% 92.11%
10 Yr 2.6%* 1.1% 8.1% 93.58%

* Annualized

Return Ranking - Calendar

Period OBBCX Return Category Return Low Category Return High Rank in Category (%)
2020 2.0% -82.5% 1027.9% 84.02%
2019 3.0% -20.8% 23.0% 90.44%
2018 -1.4% -12.9% 2.7% 4.30%
2017 -0.1% -49.5% 14.3% 92.06%
2016 -0.6% -49.3% 192.8% 85.06%

Total Return Ranking - Trailing

Period OBBCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -83.5% 1378.2% 16.11%
1 Yr 0.1% -11.8% 21.3% 71.82%
3 Yr 4.0%* -0.8% 10.6% 88.42%
5 Yr 2.4%* 0.6% 7.7% 87.89%
10 Yr 2.6%* 1.1% 8.1% 92.07%

* Annualized

Total Return Ranking - Calendar

Period OBBCX Return Category Return Low Category Return High Rank in Category (%)
2020 2.0% -82.5% 1027.9% 84.02%
2019 3.4% -20.8% 23.0% 88.75%
2018 1.1% -12.9% 3.9% 1.83%
2017 2.3% -6.0% 17.4% 31.30%
2016 1.5% -7.0% 204.3% 40.63%

NAV & Total Return History


OBBCX - Holdings

Concentration Analysis

OBBCX Category Low Category High OBBCX % Rank
Net Assets 5.56 B 3.2 M 312 B 24.07%
Number of Holdings 2192 1 18622 13.67%
Net Assets in Top 10 2.17 B -1.14 B 45.3 B 15.75%
Weighting of Top 10 32.69% 3.5% 100.0% 37.24%

Top 10 Holdings

  1. Federal National Mortgage Association 2% 8.37%
  2. Federal National Mortgage Association 2% 7.61%
  3. Federal National Mortgage Association 2.5% 4.83%
  4. Federal National Mortgage Association 2% 4.67%
  5. Federal National Mortgage Association 2.5% 3.92%
  6. Federal National Mortgage Association 2% 3.49%
  7. Federal National Mortgage Association 2% 3.43%
  8. Federal National Mortgage Association 2% 2.89%
  9. Federal National Mortgage Association 2% 2.73%
  10. Federal National Mortgage Association 2% 1.82%

Asset Allocation

Weighting Return Low Return High OBBCX % Rank
Bonds
82.62% -51.48% 176.88% 95.48%
Cash
17.08% -86.81% 162.71% 3.89%
Stocks
0.28% -0.16% 30.64% 8.60%
Other
0.03% -16.32% 24.37% 8.14%
Preferred Stocks
0.00% 0.00% 84.24% 85.07%
Convertible Bonds
0.00% 0.00% 38.29% 96.29%

Stock Sector Breakdown

Weighting Return Low Return High OBBCX % Rank
Utilities
0.00% 0.00% 100.00% N/A
Technology
0.00% 0.00% 39.94% N/A
Real Estate
0.00% 0.00% 100.00% N/A
Industrials
0.00% 0.00% 35.38% N/A
Healthcare
0.00% 0.00% 100.00% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 100.00% N/A
Consumer Defense
0.00% 0.00% 99.28% N/A
Consumer Cyclical
0.00% 0.00% 100.00% N/A
Basic Materials
0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High OBBCX % Rank
US
0.28% -0.16% 30.20% 7.60%
Non US
0.00% 0.00% 3.29% 76.56%

Bond Sector Breakdown

Weighting Return Low Return High OBBCX % Rank
Securitized
74.77% 0.00% 98.86% 4.34%
Cash & Equivalents
17.18% 0.00% 100.00% 6.61%
Government
7.46% 0.00% 80.07% 86.97%
Corporate
0.45% 0.00% 100.00% 94.03%
Municipal
0.14% 0.00% 100.00% 61.27%
Derivative
0.00% 0.00% 25.69% 83.71%

Bond Geographic Breakdown

Weighting Return Low Return High OBBCX % Rank
US
82.43% -51.75% 245.19% 56.11%
Non US
0.19% -108.35% 39.51% 94.66%

OBBCX - Expenses

Operational Fees

OBBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.15% 0.01% 2.91% 14.37%
Management Fee 0.25% 0.00% 0.85% 18.09%
12b-1 Fee 0.75% 0.00% 1.00% 81.04%
Administrative Fee 0.08% 0.01% 0.50% 37.61%

Sales Fees

OBBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 70.80%

Trading Fees

OBBCX 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.

OBBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 93.00% 6.00% 496.00% 38.19%

OBBCX - Distributions

Dividend Yield Analysis

OBBCX Category Low Category High OBBCX % Rank
Dividend Yield 1.10% 0.00% 3.37% 75.70%

Dividend Distribution Analysis

OBBCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

OBBCX Category Low Category High OBBCX % Rank
Net Income Ratio 1.56% -0.39% 11.28% 80.46%

Capital Gain Distribution Analysis

OBBCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

OBBCX - Fund Manager Analysis

Managers

Michael Sais


Start Date

Tenure

Tenure Rank

Jun 30, 2005

16.01

16.0%

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

5.8

5.8%

Richard Figuly, Managing Director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Columbus, Rick is a portfolio manager for the U.S. Value Driven team and is responsible for managing institutional taxable bond portfolios. An employee since 1993, Rick previously served as a fixed income trader trading all taxable fixed income securities while specializing in structured products. Prior to joining the firm, Rick was a fiduciary tax accountant at the Bank One Ohio Trust Company. Rick is also a retired Major of the Ohio Army National Guard. He holds a B.S. in finance from The Ohio State University.

Andrew Melchiorre


Start Date

Tenure

Tenure Rank

Mar 27, 2019

2.26

2.3%

Mr. Melchiorre is a member of the GFICC group and is a portfolio manager for the U.S. Value Driven team responsible for managing institutional taxable bond portfolios.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 32.51 6.76 0.25