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Name

As of 07/28/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

JPMorgan Limited Duration Bond Fund

ONUAX | Fund

$9.67

$1.23 B

4.64%

$0.45

0.81%

Vitals

YTD Return

0.6%

1 yr return

-0.7%

3 Yr Avg Return

-1.6%

5 Yr Avg Return

-0.6%

Net Assets

$1.23 B

Holdings in Top 10

18.0%

52 WEEK LOW AND HIGH

$9.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.81%

SALES FEES

Front Load 2.25%

Deferred Load N/A

TRADING FEES

Turnover 24.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 07/28/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

JPMorgan Limited Duration Bond Fund

ONUAX | Fund

$9.67

$1.23 B

4.64%

$0.45

0.81%

ONUAX - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return -1.6%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.66%
DIVIDENDS
  • Dividend Yield 4.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Limited Duration Bond Fund
  • Fund Family Name
    J.P. Morgan
  • Inception Date
    Mar 10, 1993
  • Shares Outstanding
    18602238
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Sais

Fund Description

The Fund mainly invests in mortgage-backed securities, asset-backed securities, mortgage-related securities, adjustable rate mortgages, money market instruments, and structured investments. These investments may be structured as collateralized mortgage obligations (agency and non-agency), stripped mortgage-backed securities, commercial mortgage-backed securities, and mortgage pass-through securities. These securities may be structured such that payments consist of interest-only (IO), principal-only (PO) or principal and interest. Under normal circumstances, the Fund will invest at least 80% of its Assets in bonds. For purposes of this policy, “Assets” means net assets plus the amount of borrowings for investment purposes.The Fund seeks to maintain a duration of three years or less, although, under certain market conditions such as in periods of significant volatility in interest rates and spreads, the Fund’s duration may be longer than three years. Duration is a measure of the price sensitivity of a debt security or a portfolio of debt securities to relative changes in interest rates. For instance, a duration of “three years” means that a security’s or portfolio’s price would be expected to decrease by approximately 3% with a 1% increase in interest rates (assuming a parallel shift in yield curve).The Fund invests in fixed and floating rate debt securities representing an interest in or secured by residential mortgage loans. These securities often are issued or guaranteed by the U.S. government, its agencies or instrumentalities such as the Government National Mortgage Association (Ginnie Mae), the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac). However, the Fund may also purchase mortgage-backed securities and asset-backed securities that are issued by non-governmental entities. Such securities may or may not have private insurer guarantees of timely payments.Securities purchased by the Fund will be rated investment grade (or the unrated equivalent) at the time of purchase. In addition, all securities will be U.S. dollar-denominated although they may be issued by a foreign corporation, or a U.S. affiliate of a foreign corporation or a foreign government or its agencies and instrumentalities. The Fund may invest a significant portion or all of its assets in mortgage-related and mortgage-backed securities at the adviser’s discretion. The Fund may invest up to 25% of its assets in “sub-prime” mortgage-related securities at the time of purchase.The Fund has flexibility to invest in derivatives and may use such instruments to manage duration, sector and yield curve exposure, credit and spread volatility and to respond to volatile market conditions. Derivatives, which are instruments which have a value based on another instrument, exchange rate or index, may also be used as substitutes for securities in which the Fund can invest. The Fund may use futures contracts, options, and swaps in connection with its principal strategies in order to hedge various investments, for risk management purposes and/or to increase income or gain to the Fund.The adviser buys and sells securities and investments for the Fund based on its view of individual securities and market sectors. Taking a long-term approach, the adviser looks for individual fixed income investments that it believes will perform well over market cycles. The adviser is value oriented and makes decisions to purchase and sell individual securities and instruments after performing a risk/reward analysis that includes an evaluation of interest rate risk, credit risk, duration, liquidity, legal provisions and the structure of the transaction. As part of its security selection process, the adviser seeks to assess the impact of environmental, social and governance factorson certain issuers in the universe in which the Fund may invest. The adviser’s assessment is based on an analysis of key opportunities and risks across industries to identify financially material issues on the Fund’s investments in issuers and ascertain key issues that merit engagement with issuers. These assessments may not be conclusive and securities of issuers that may be negatively impacted by such factors may be purchased and retained by the Fund while the Fund may divest or not invest in securities of issuers that may be positively impacted by such factors.
Read More

ONUAX - Performance

Return Ranking - Trailing

Period ONUAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -5.8% 4.2% 30.62%
1 Yr -0.7% -11.5% 4.5% 16.44%
3 Yr -1.6%* -6.5% 1.3% 8.09%
5 Yr -0.6%* -11.1% 3.6% 15.03%
10 Yr -0.2%* -11.7% 2.3% 4.32%

* Annualized

Return Ranking - Calendar

Period ONUAX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.6% -17.7% -2.5% 4.06%
2022 -0.6% -2.0% 2.2% 22.28%
2021 0.4% -2.8% 4.6% 79.33%
2020 0.2% -28.6% 3.0% 94.65%
2019 -0.1% -3.7% 0.4% 7.87%

Total Return Ranking - Trailing

Period ONUAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -5.9% 4.2% 27.16%
1 Yr -0.7% -11.5% 0.9% 12.46%
3 Yr -1.6%* -6.5% 4.5% 8.50%
5 Yr -0.3%* -8.8% 1.7% 8.10%
10 Yr 0.4%* -10.3% 2.1% 9.86%

* Annualized

Total Return Ranking - Calendar

Period ONUAX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.6% -17.7% -2.5% 3.88%
2022 -0.6% -2.0% 2.2% 22.28%
2021 0.4% -2.8% 4.6% 79.33%
2020 0.3% -28.6% 3.0% 83.17%
2019 0.3% -1.0% 1.3% 4.14%

NAV & Total Return History

ONUAX - Holdings

Concentration Analysis

ONUAX Category Low Category High ONUAX % Rank
Net Assets 1.23 B 5.81 M 70.5 B 49.74%
Number of Holdings 394 4 4919 55.54%
Net Assets in Top 10 225 M -23.9 M 9.45 B 49.31%
Weighting of Top 10 17.96% 1.7% 100.0% 63.49%

Top 10 Holdings

  1. JPMorgan Prime Money Market Inst 9.98%
  2. Government National Mortgage Association 0.61% 0.98%
  3. FIRSTKEY HOMES TRUST 1.339% 0.93%
  4. Federal National Mortgage Association 1.21786% 0.93%
  5. COMM MORTGAGE TRUST 2.31491% 0.92%
  6. Freddie Mac Seasoned Credit Risk Transfer Trust 3% 0.89%
  7. Federal Home Loan Mortgage Corporation 0.63057% 0.89%
  8. Government National Mortgage Association 0.67243% 0.88%
  9. Federal National Mortgage Association 0.53057% 0.87%
  10. Government National Mortgage Association 0.71243% 0.87%

Asset Allocation

Weighting Return Low Return High ONUAX % Rank
Bonds 		88.94% 49.71% 194.71% 79.93%
Cash 		10.45% -102.46% 39.20% 10.38%
Convertible Bonds 		0.61% 0.00% 27.71% 87.54%
Stocks 		0.00% -0.66% 11.31% 32.18%
Preferred Stocks 		0.00% 0.00% 25.64% 35.47%
Other 		0.00% -2.59% 10.19% 20.07%

Bond Sector Breakdown

Weighting Return Low Return High ONUAX % Rank
Securitized 		79.51% 0.00% 97.27% 1.90%
Cash & Equivalents 		10.58% 0.00% 44.09% 20.76%
Corporate 		9.91% 0.00% 100.00% 96.37%
Derivative 		0.00% 0.00% 45.97% 33.39%
Municipal 		0.00% 0.00% 17.46% 59.69%
Government 		0.00% 0.00% 73.63% 95.33%

Bond Geographic Breakdown

Weighting Return Low Return High ONUAX % Rank
US 		84.79% 0.00% 165.96% 29.07%
Non US 		4.15% 0.00% 72.71% 89.79%

ONUAX - Expenses

Operational Fees

ONUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.01% 19.98% 36.45%
Management Fee 0.20% 0.00% 1.19% 17.27%
12b-1 Fee 0.25% 0.00% 1.00% 28.81%
Administrative Fee 0.08% 0.01% 0.50% 43.64%

Sales Fees

ONUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 0.50% 5.75% 45.88%
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

ONUAX 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.

ONUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 2.00% 500.00% 9.72%

ONUAX - Distributions

Dividend Yield Analysis

ONUAX Category Low Category High ONUAX % Rank
Dividend Yield 4.64% 0.00% 10.76% 61.07%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ONUAX Category Low Category High ONUAX % Rank
Net Income Ratio 0.66% -1.27% 4.98% 77.70%

Capital Gain Distribution Analysis

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

Distributions History

View More +

ONUAX - Fund Manager Analysis

Managers

Michael Sais

Start Date

Tenure

Tenure Rank

Sep 01, 1995

26.76

26.8%

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.

Robert Manning

Start Date

Tenure

Tenure Rank

Jul 01, 2013

8.92

8.9%

Robert Manning, Executive Director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group for J.P. Morgan Investment Management Inc. Based in Columbus, he is a portfolio manager and is responsible for managing investments consistent with the unique requirements of insurance industry clients. Previously, he was a member of the Fixed Income Portfolio Management Group that supports Mid-Institutional Portfolios. Prior to joining the firm in 1999, Robert was a mortgage banking specialist at Ohio Savings Bank. He holds a B.S. in business management from Wittenberg University, an M.B.A. from The Ohio State University and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.12 2.41

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