JMSIX: JPMorgan Income Fund - MutualFunds.com
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JPMorgan Income I

JMSIX - Snapshot

Vitals

  • YTD Return 1.5%
  • 3 Yr Annualized Return 6.4%
  • 5 Yr Annualized Return 5.8%
  • Net Assets $11.4 B
  • Holdings in Top 10 10.9%

52 WEEK LOW AND HIGH

$9.58
$9.05
$9.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.66%

SALES FEES

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

BROKERAGE FEES

  • Turnover 69.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Compare JMSIX to Popular Bond Sector Diversified Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$12.09

-0.25%

$138.90 B

4.22%

$0.51

-0.17%

0.62%

$10.40

0.00%

$40.36 B

2.59%

$0.27

0.29%

0.73%

$8.49

-0.24%

$24.07 B

3.44%

$0.29

0.95%

0.78%

$12.69

-0.16%

$16.06 B

2.11%

$0.27

0.63%

0.96%

$9.34

-0.74%

$12.14 B

4.28%

$0.40

-4.69%

0.93%

JMSIX - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 6.4%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.50%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Income Fund
  • Fund Family Name
    J.P. Morgan
  • Inception Date
    Jun 02, 2014
  • Shares Outstanding
    689053241
  • 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.


JMSIX - Performance

Return Ranking - Trailing

Period JMSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -35.9% 24.9% 22.83%
1 Yr 13.7% -33.8% 53.1% 19.82%
3 Yr 6.4%* -10.9% 11.5% 13.53%
5 Yr 5.8%* -13.9% 14.6% 16.83%
10 Yr N/A* -1.9% 12.5% N/A

* Annualized

Return Ranking - Calendar

Period JMSIX Return Category Return Low Category Return High Rank in Category (%)
2020 -2.1% -49.2% 314.3% 76.34%
2019 6.2% -35.1% 15.3% 26.45%
2018 -4.2% -48.0% 3.4% 34.98%
2017 0.4% -14.8% 11.2% 74.82%
2016 2.7% -11.2% 10.7% 54.55%

Total Return Ranking - Trailing

Period JMSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -35.9% 24.9% 22.70%
1 Yr 13.7% -37.6% 53.1% 18.02%
3 Yr 6.4%* -12.6% 11.5% 11.73%
5 Yr 5.8%* -14.9% 14.6% 15.54%
10 Yr N/A* -1.9% 12.5% N/A

* Annualized

Total Return Ranking - Calendar

Period JMSIX Return Category Return Low Category Return High Rank in Category (%)
2020 -2.1% -49.2% 314.3% 76.34%
2019 6.2% -35.1% 15.3% 30.31%
2018 -4.2% -48.0% 8.0% 55.99%
2017 0.4% -14.8% 15.2% 82.98%
2016 2.7% -11.2% 17.7% 66.86%

NAV & Total Return History


JMSIX - Holdings

Concentration Analysis

JMSIX Category Low Category High JMSIX % Rank
Net Assets 11.4 B 1.57 M 139 B 4.89%
Number of Holdings 2372 3 8055 2.44%
Net Assets in Top 10 1.18 B -4.67 B 5.97 B 10.27%
Weighting of Top 10 10.86% 4.2% 100.0% 89.59%

Top 10 Holdings

  1. Government National Mortgage Association 2.5% 4.23%
  2. Federal National Mortgage Association 2.5% 2.68%
  3. Government National Mortgage Association 2% 2.01%
  4. Federal National Mortgage Association 2.5% 1.57%
  5. iShares iBoxx $ High Yield Corp Bd ETF 1.20%
  6. Federal National Mortgage Association 2.5% 1.10%
  7. SPDR Blackstone Senior Loan ETF 1.01%
  8. Government National Mortgage Association 2% 1.00%
  9. JPMorgan Prime Money Market Inst 0.92%
  10. Government National Mortgage Association 2.5% 0.47%

Asset Allocation

Weighting Return Low Return High JMSIX % Rank
Bonds
96.91% -148.49% 302.14% 11.42%
Convertible Bonds
1.61% 0.00% 206.37% 47.88%
Cash
1.21% -210.92% 260.09% 82.93%
Stocks
0.13% -84.00% 190.25% 49.55%
Preferred Stocks
0.13% 0.00% 33.20% 41.34%
Other
0.00% -45.66% 106.30% 83.83%

Stock Sector Breakdown

Weighting Return Low Return High JMSIX % Rank
Energy
99.53% 0.00% 100.00% 13.68%
Communication Services
0.46% 0.00% 100.00% 47.40%
Healthcare
0.01% 0.00% 100.00% 45.86%
Utilities
0.00% 0.00% 100.00% 96.72%
Technology
0.00% 0.00% 58.08% 94.41%
Real Estate
0.00% 0.00% 100.00% 94.41%
Industrials
0.00% 0.00% 100.00% 95.95%
Financial Services
0.00% 0.00% 100.00% 95.18%
Consumer Defense
0.00% 0.00% 99.98% 94.22%
Consumer Cyclical
0.00% 0.00% 100.00% 95.57%
Basic Materials
0.00% 0.00% 52.35% 95.38%

Stock Geographic Breakdown

Weighting Return Low Return High JMSIX % Rank
US
0.13% -80.43% 190.25% 45.96%
Non US
0.00% -3.57% 25.51% 89.73%

Bond Sector Breakdown

Weighting Return Low Return High JMSIX % Rank
Securitized
59.71% 0.00% 97.98% 11.94%
Corporate
34.40% 0.00% 100.00% 57.89%
Government
4.56% 0.00% 99.63% 62.77%
Cash & Equivalents
1.23% 0.00% 100.00% 93.84%
Municipal
0.10% 0.00% 55.87% 29.78%
Derivative
0.00% 0.00% 67.54% 94.35%

Bond Geographic Breakdown

Weighting Return Low Return High JMSIX % Rank
US
86.82% -148.77% 209.58% 10.65%
Non US
10.09% 0.00% 105.85% 77.28%

JMSIX - Expenses

Operational Fees

JMSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.66% 0.02% 6.50% 87.09%
Management Fee 0.30% 0.00% 2.25% 3.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.70% 33.33%

Sales Fees

JMSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 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 0.40% 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 69.00% 0.00% 498.00% 37.44%

JMSIX - Distributions

Dividend Yield Analysis

JMSIX Category Low Category High JMSIX % Rank
Dividend Yield 0.00% 0.00% 5.29% 92.13%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

JMSIX Category Low Category High JMSIX % Rank
Net Income Ratio 4.50% -1.28% 11.44% 11.55%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

JMSIX - Fund Manager Analysis

Managers

J. Andrew Norelli


Start Date

Tenure

Tenure Rank

Jun 02, 2014

7.0

7.0%

Mr. Norelli has managed the Fund since its inception and is an employee of the JPMIM since 2012. As part of that responsibility, the portfolio managers establish and monitor the overall duration, yield curve, and sector allocation strategies for the Fund. Mr. Norelli is a portfolio manager within the GFICC’s 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

4.18

4.2%

Andrew Headley, managing director, is the Head of Securitized strategies within the Global Fixed Income, Currency & Commodities (GFICC) group and is a portfolio manager for several multi-sector fixed income strategies. Based in New York, he is responsible for overseeing management of dedicated strategies focused on agency & non-agency mortgage-backed securities, commercial mortgage-backed securities, and asset-backed securities as well as the development and implementation of securitized strategies for multi-sector portfolios.  An employee since 2005, Drew previously worked as a portfolio manager at Bear Stearns Asset Management, overseeing the securitized sectors for the core fixed income strategies.  Prior to this, Drew was a portfolio manager at Fischer Francis Trees & Watts (a subsidiary of BNP Paribas Asset Management) for eleven years, specializing in mortgage and broad market portfolios.  Drew holds a B.S. summa cum laude in economics from the Wharton School of the University of Pennsylvania and is a CFA charterholder.

Thomas Hauser


Start Date

Tenure

Tenure Rank

Jul 01, 2020

0.92

0.9%

Thomas Hauser, managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Indianapolis, he is the co-lead portfolio manager within the High Yield Fixed Income Team and is responsible for overseeing high yield total return strategies, sub-advised mutual fund assets and absolute return credit products. Prior to joining the firm in 2004, Thomas was at 40|86 Advisors, most recently serving as a co-portfolio manager on three mutual funds and as the co-head of the Collateralized Bond Obligation (CBO) Group.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 27.43 5.53 2.19