JMSIX: JPMorgan Income I

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JMSIX JPMorgan Income I


Profile

JMSIX - Profile

Vitals

  • YTD Return -8.4%
  • 3 Yr Annualized Return -2.5%
  • 5 Yr Annualized Return -2.1%
  • Net Assets $5.43 B
  • Holdings in Top 10 4.3%

52 WEEK LOW AND HIGH

$8.82
$7.98
$9.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.71%

SALES FEES

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

BROKERAGE FEES

  • Turnover 77.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return -8.4%
  • 3 Yr Annualized Total Return -2.5%
  • 5 Yr Annualized Total Return -2.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.95%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Income Fund
  • Fund Family Name
    JPMorgan
  • Inception Date
    Jun 02, 2014
  • Shares Outstanding
    381064509
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    J. Andrew Norelli

Fund Description

The fund invests primarily in U.S. dollar denominated securities, although the fund may also invest in non-dollar denominated securities. Although it has the flexibility to invest above 65% of its total assets in investments that are rated below investment grade (also known as junk bonds or high yield securities) or the unrated equivalent to take advantage of market opportunities, under normal market conditions the fund invests at least 35% of its total assets in investments that, at the time of purchase, are rated investment grade or the unrated equivalent.


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Categories

Fund Company Quick Screens

JMSIX - Fund Company Quick Screens


Performance

JMSIX - Performance

Return Ranking - Trailing

Period JMSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.4% -55.0% 5.4% 79.78%
1 Yr -6.5% -55.2% 10.9% 76.56%
3 Yr -2.5%* -38.2% 4.9% 70.07%
5 Yr -2.1%* -32.1% 17.2% 80.08%
10 Yr N/A* -5.3% 0.9% N/A

* Annualized

Return Ranking - Calendar

Period JMSIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.2% -35.1% 15.3% 44.00%
2018 -4.2% -48.0% 0.8% 17.61%
2017 0.4% -14.8% 11.2% 89.96%
2016 2.7% -11.2% 19.1% 63.37%
2015 -5.8% -51.1% 4.0% 54.70%

Total Return Ranking - Trailing

Period JMSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.4% -55.0% 5.4% 79.78%
1 Yr -6.5% -55.2% 6.2% 77.15%
3 Yr -2.5%* -38.2% 3.4% 80.27%
5 Yr -2.1%* -32.1% 17.2% 86.99%
10 Yr N/A* -5.3% 5.4% N/A

* Annualized

Total Return Ranking - Calendar

Period JMSIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.2% -35.1% 15.3% 49.54%
2018 -4.2% -48.0% 4.8% 41.86%
2017 0.4% -14.8% 14.0% 94.62%
2016 2.7% -11.2% 22.5% 73.99%
2015 -5.8% -51.1% 4.0% 61.11%

NAV & Total Return History


Holdings

JMSIX - Holdings

Concentration Analysis

JMSIX Category Low Category High JMSIX % Rank
Net Assets 5.43 B 6.88 M 114 B 11.99%
Number of Holdings 1994 6 7410 5.11%
Net Assets in Top 10 211 M -41 B 5.37 B 35.23%
Weighting of Top 10 4.30% 4.3% 214.0% 100.00%

Top 10 Holdings

  1. Federal Farm Credit Banks 5.2% 0.59%
  2. Federal Home Loan Mortgage Corporation 7.18% 0.50%
  3. ME FUNDING LLC 6.45% 0.43%
  4. CONSUMER LOAN UNDERLYING BOND CERTIFICATE ISSUER TRUST I 22.92% 0.42%
  5. Arbor Realty Trust, Inc. 4.5% 0.41%
  6. DISH DBS Corporation 5.88% 0.41%
  7. Rsfr 2020-1 FRN 4.21% 0.41%
  8. Federal National Mortgage Association 3.4% 0.38%
  9. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.12% 0.38%
  10. Federal Home Loan Mortgage Corporation 6.1% 0.37%

Asset Allocation

Weighting Return Low Return High JMSIX % Rank
Bonds
98.53% 36.67% 233.78% 17.23%
Cash
0.86% -144.73% 60.85% 74.15%
Convertible Bonds
0.36% 0.00% 15.09% 70.74%
Preferred Stocks
0.26% 0.00% 51.94% 43.18%
Stocks
0.00% -0.56% 27.98% 82.77%
Other
0.00% -24.69% 31.60% 67.61%

Bond Sector Breakdown

Weighting Return Low Return High JMSIX % Rank
Securitized
57.16% 0.00% 99.22% 11.93%
Corporate
35.81% 0.00% 92.34% 67.90%
Government
6.13% 0.00% 99.82% 65.34%
Cash & Equivalents
0.86% 0.17% 59.29% 92.61%
Municipal
0.04% 0.00% 37.30% 39.77%
Derivative
0.00% -0.44% 41.70% 74.72%

Bond Geographic Breakdown

Weighting Return Low Return High JMSIX % Rank
US
86.12% 22.25% 233.33% 23.01%
Non US
12.41% -74.15% 71.00% 73.58%

Expenses

JMSIX - Expenses

Operational Fees

JMSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.71% 0.06% 24.26% 83.14%
Management Fee 0.30% 0.00% 2.25% 4.16%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.70% 26.50%

Sales Fees

JMSIX 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% 5.50% N/A

Trading Fees

JMSIX 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.

JMSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 77.00% 0.00% 472.00% 58.59%

Distributions

JMSIX - Distributions

Dividend Yield Analysis

JMSIX Category Low Category High JMSIX % Rank
Dividend Yield 1.40% 0.00% 4.90% 3.04%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

JMSIX Category Low Category High JMSIX % Rank
Net Income Ratio 4.95% 1.07% 10.10% 12.13%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

JMSIX - Fund Manager Analysis

Managers

J. Andrew Norelli


Start Date

Tenure

Tenure Rank

Jun 02, 2014

5.92

5.9%

Mr. Norelli is a portfolio manager within the U.S. Macro Driven investment team, where he focuses on multi-asset class portfolios, asset allocation, macroeconomic strategy, and global market dynamics. Prior to joining JPMIM in 2012, Andrew was at Morgan Stanley for eleven years where he most recently served as co-head of the firm emerging markets credit trading desk. Andrew holds an A.B. in economics from Princeton University.

Andrew Headley


Start Date

Tenure

Tenure Rank

Mar 29, 2017

3.09

3.1%

Andrew Headley, managing director, is the Head of Mortgages for the Global Fixed Income , Currency & Commodities (GFICC) group. Based in New York, he is responsible for overseeing the agency & non-agency mortgage-backed securities, commercial mortgage-backed securities and commercial mortgage loan (CML) investment teams. He is also responsible for managing mortgage portfolios as well as developing and implementing mortgage strategies for multi-sector portfolios. An employee since 2005, Drew previously worked as a portfolio manager at Bear Stearns Asset Management, overseeing the mortgage and asset-backed sectors for the core fixed income strategies. Prior to this, Drew was a portfolio manager at Fischer, Francis, Trees & Watts for eleven years, specializing in mortgage and broad market portfolios. Drew holds a B.S. in economics from the Wharton School of the University of Pennsylvania and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 28.98 5.68 5.33