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Name

As of 12/19/2024

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 Core Bond Fund

PGBOX | Fund

$10.12

$44.5 B

3.79%

$0.38

0.85%

Vitals

YTD Return

1.6%

1 yr return

1.8%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

-0.1%

Net Assets

$44.5 B

Holdings in Top 10

13.0%

52 WEEK LOW AND HIGH

$10.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.85%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 59.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/19/2024

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 Core Bond Fund

PGBOX | Fund

$10.12

$44.5 B

3.79%

$0.38

0.85%

PGBOX - Profile

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.74%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Core Bond Fund
  • Fund Family Name
    JPMorgan Funds
  • Inception Date
    Aug 27, 1996
  • Shares Outstanding
    178050278
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Richard Figuly

Fund Description

The Fund is designed to maximize total return by investing in a portfolio of investment grade intermediate- and long-term debt securities. As part of its main investment strategy, the Fund may principally invest in corporate bonds, U.S. treasury obligations including treasury coupon strips and treasury principal strips, and other U.S. government and agency securities, and asset-backed, mortgage-related and mortgage-backed securities. Mortgage-related and mortgage-backed securities may be structured as collateralized mortgage obligations (agency and non-agency), stripped mortgage-backed securities, commercial mortgage-backed securities, mortgage pass-through securities and cash and cash equivalents. These securities may be structured such that payments consist of interest-only (IO), principal-only (PO) or principal and interest.As a matter of fundamental policy, 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. Generally, such bonds will have intermediate to long maturities. The Fund’s average weighted maturity will ordinarily range between four and 12 years. The Fund may have a longer or shorter average weighted maturity under certain market conditions and the Fund may shorten or lengthen its average weighted maturity if deemed appropriate for temporary defensive purposes. Because of the Fund’s holdings in asset-backed, mortgage-backed and similar securities, the Fund’s average weighted maturity is equivalent to the average weighted maturity of the cash flows in the securities held by the Fund given certain prepayment assumptions (also known as weighted average life).Securities 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 adviser may invest a significant portion or all of its assets in mortgage-related and mortgage-backed securities in the adviser’s discretion. The Fund expects to invest no more than 10% of its assets in “sub-prime” mortgage-related securities at the time of purchase.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 (ESG) factors on 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 seek to identify financially material issues with respect to 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.The Fund may enter into lending agreements under which the Fund would lend money for temporary purposes directly to another J.P. Morgan Fund through a credit facility, subject to meeting the conditions of an SEC exemptive order granted to the Fund permitting such interfund lending.
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PGBOX - Performance

Return Ranking - Trailing

Period PGBOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -7.5% 11.4% 47.61%
1 Yr 1.8% -6.5% 14.2% 47.10%
3 Yr -2.2%* -10.6% 27.3% 33.48%
5 Yr -0.1%* -7.5% 58.4% 47.35%
10 Yr 1.4%* -3.0% 73.7% 50.34%

* Annualized

Return Ranking - Calendar

Period PGBOX Return Category Return Low Category Return High Rank in Category (%)
2023 2.0% -16.2% 8.1% 57.69%
2022 -14.6% -34.7% 131.9% 14.04%
2021 -3.8% -11.6% 4.4% 70.41%
2020 3.9% -9.9% 946.1% 53.28%
2019 4.9% -1.7% 16.9% 71.55%

Total Return Ranking - Trailing

Period PGBOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -7.5% 11.4% 47.61%
1 Yr 1.8% -6.5% 14.2% 47.10%
3 Yr -2.2%* -10.6% 27.3% 33.48%
5 Yr -0.1%* -7.5% 58.4% 47.35%
10 Yr 1.4%* -3.0% 73.7% 50.34%

* Annualized

Total Return Ranking - Calendar

Period PGBOX Return Category Return Low Category Return High Rank in Category (%)
2023 5.4% -11.3% 11.9% 72.66%
2022 -12.6% -32.2% 131.9% 19.36%
2021 -1.4% -9.4% 9.2% 64.52%
2020 7.8% -1.9% 1009.0% 61.91%
2019 8.3% 1.1% 21668.0% 66.15%

NAV & Total Return History

PGBOX - Holdings

Concentration Analysis

PGBOX Category Low Category High PGBOX % Rank
Net Assets 44.5 B 2.9 M 314 B 4.66%
Number of Holdings 3740 1 17880 10.06%
Net Assets in Top 10 6.18 B 1.62 M 35.1 B 6.54%
Weighting of Top 10 13.04% 4.7% 3984.6% 86.88%

Top 10 Holdings

  1. JPMorgan Prime Money Market Fund, Class Institutional 4.58%
  2. U.S. Treasury Notes 1.50%
  3. U.S. Treasury Notes 1.43%
  4. U.S. Treasury Notes 1.32%
  5. U.S. Treasury Notes 0.81%
  6. FNMA/FHLMC UMBS, Single Family, 30 Year 0.80%
  7. U.S. Treasury Bonds 0.69%
  8. U.S. Treasury Notes 0.68%
  9. U.S. Treasury Notes 0.67%
  10. U.S. Treasury Notes 0.57%

Asset Allocation

Weighting Return Low Return High PGBOX % Rank
Bonds 		83.53% 0.00% 9231.88% 87.27%
Other 		12.14% -27.25% 1695.17% 20.54%
Cash 		4.58% -54.51% 237.69% 34.75%
Convertible Bonds 		1.93% 0.00% 7.93% 33.75%
Stocks 		0.00% 0.00% 99.98% 47.72%
Preferred Stocks 		0.00% 0.00% 72.34% 42.53%

Bond Sector Breakdown

Weighting Return Low Return High PGBOX % Rank
Securitized 		40.35% 0.00% 98.40% 21.11%
Government 		29.63% 0.00% 86.23% 40.96%
Corporate 		25.32% 0.00% 100.00% 66.77%
Cash & Equivalents 		4.58% 0.00% 237.69% 33.40%
Municipal 		0.36% 0.00% 100.00% 52.04%
Derivative 		-0.02% -6.56% 44.82% 81.22%

Bond Geographic Breakdown

Weighting Return Low Return High PGBOX % Rank
US 		83.53% 0.00% 9042.62% 85.37%
Non US 		0.00% 0.00% 189.26% 51.14%

PGBOX - Expenses

Operational Fees

PGBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.01% 39.64% 35.39%
Management Fee 0.28% 0.00% 1.76% 23.58%
12b-1 Fee 0.25% 0.00% 1.00% 28.82%
Administrative Fee 0.08% 0.01% 0.50% 38.46%

Sales Fees

PGBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 2.00% 5.75% 53.68%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

PGBOX 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.

PGBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 2.00% 493.39% 22.18%

PGBOX - Distributions

Dividend Yield Analysis

PGBOX Category Low Category High PGBOX % Rank
Dividend Yield 3.79% 0.00% 10.11% 66.56%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PGBOX Category Low Category High PGBOX % Rank
Net Income Ratio 1.74% -1.28% 4.79% 47.59%

Capital Gain Distribution Analysis

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

Distributions History

View More +

PGBOX - Fund Manager Analysis

Managers

Richard Figuly

Start Date

Tenure

Tenure Rank

Sep 14, 2015

6.72

6.7%

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.

Justin Rucker

Start Date

Tenure

Tenure Rank

Mar 27, 2019

3.18

3.2%

Justin Rucker, executive director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Columbus, Justin is a portfolio manager for the U.S. Value Driven team and is responsible for managing Long Duration & Core Bond institutional taxable bond portfolios and fund vehicles. Justin is responsible for long duration strategies with benchmarks that span the range from actively managed to custom liability-based across a broad spectrum of fixed income sectors. An employee since 2006, Justin most recently was a member of the Mid Institutional Portfolio Management team specializing in structured product sectors & managing Core Bond portfolios. He also spent three years in the client portfolio management group for Global Fixed Income & three years as an Internal Client Advisor for JPMorgan Mutual Funds. Prior to joining the firm, Justin worked the trade desk for Open E Cry, LLC, a brokerage firm specializing in Futures and FX trading. Justin holds a B.S. in finance from the University of Dayton, an M.B.A. from Capital University, and is a CFA charterholder.

Steven Lear

Start Date

Tenure

Tenure Rank

Jan 06, 2021

1.4

1.4%

Mr. Lear is the U.S. Chief Investment Officer within the GFICC group. An employee since 2008. Mr. Lear is responsible for overseeing fixed income investment strategies in the U.S., including core plus, insurance, liability-driven investing and stable value.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16

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