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Trending ETFs

Name

As of 04/22/2024

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

$6.33

$4.85 B

0.00%

0.86%

Vitals

YTD Return

-0.2%

1 yr return

8.3%

3 Yr Avg Return

1.2%

5 Yr Avg Return

2.8%

Net Assets

$4.85 B

Holdings in Top 10

13.2%

52 WEEK LOW AND HIGH

$6.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.86%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/22/2024

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

$6.33

$4.85 B

0.00%

0.86%

OHYFX - Profile

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.54%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan High Yield Fund
  • Fund Family Name
    JPMorgan Funds
  • Inception Date
    Dec 14, 1998
  • Shares Outstanding
    146604830
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Shanahan

Fund Description

The Fund invests in all types of high yield, high risk debt securities. The Fund also may invest in convertible securities, preferred stock, common stock and loan participations and assignments and commitments to purchase loan assignments.Under normal circumstances, the Fund invests at least 80% of its Assets in bonds, other debt securities, loan assignments and participations (Loans), commitments to purchase loan assignments (Unfunded Commitments) and preferred stocks that are rated below investment grade or unrated. For purposes of this policy, “Assets” means net assets plus the amount of borrowings for investment purposes.Up to 20% of the Fund’s total assets may be invested in other securities, including investment grade securities. The Fund’s average weighted maturity ordinarily will range between three and ten years, although the Fund may shorten its weighted average maturity to as little as two years if deemed appropriate for temporary defensive purposes. The Fund may have a longer or shorter average weighted maturity under certain market conditions.The Fund may invest no more than 30% of its net assets in Loans and Unfunded Commitments. Loans will typically consist of senior floating rate loans (Senior Loans), but may also include secured and unsecured loans, second lien loans or more junior (Junior Loans) and bridge loans. Loans may be issued by obligors in the U.S. or in foreign or emerging markets.The Fund may invest up to 100% of the Fund’s total assets in below investment grade or unrated securities. Such securities are also known as “junk bonds,” “high yield bonds” and “non-investment grade bonds.” Such securities may include so called “distressed debt”. Distressed debt includes securities of issuers experiencing financial or operating difficulties, securities where the issuer has defaulted in the payment of interest or principal or in the performance of its covenants or agreements, securities of issuers that may be involved in bankruptcy proceedings, reorganizations or financial restructurings or securities of issuers operating in troubled industries. All securities will be U.S. dollar-denominated although they may be issued by a foreign corporation, government or its agencies and instrumentalities.In addition to direct investments in securities, derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. The Fund may use futures contracts, options and swaps to hedge various investments, for risk management and/or to increase income or gain to the Fund. In particular, the Fund may invest in swaps structured as credit default swaps related to individual Loans or other securities or indexes of Loans or other securities to gain exposure to such Loans and other securities, to mitigate risk exposure or to manage cash flow needs.Although the Fund predominantly invests in debt securities and income producing securities, it may also invest in common stock from time to time. In addition, the Fund may acquire and hold such securities (or rights to acquire such securities) in connection with an amendment, waiver, conversion or exchange of fixed income securities, in connection with the bankruptcy or workout of distressed fixed income securities, or upon the exercise of a right or warrant obtained on account of a fixed income security.The adviser focuses on value in buying and selling securities for the Fund by looking at individual securities against the context of broader market factors. For each issuer, the adviser performs an in-depth analysis of the issuer, including business prospects, management, capital requirements, capital structure, enterprise value and security structure and covenants. In addition, the adviser monitors investments on an ongoing basis by staying abreast of positive and negative credit developments expediting the review of the Fund’s investments that are considered to be the most risky. Generally, the adviser will sell a security when, based on fundamental credit analysis and the considerations described above, the adviser believes the issuer’s credit quality will deteriorate materially or when the adviser believes that there is better relative value available in the market in securities of comparable quality. As part of its credit analysis, 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.
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OHYFX - Performance

Return Ranking - Trailing

Period OHYFX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -7.2% 5.7% 68.97%
1 Yr 8.3% -8.9% 16.0% 42.92%
3 Yr 1.2%* -16.5% 19.9% 40.49%
5 Yr 2.8%* -11.8% 36.4% 55.03%
10 Yr 3.4%* -4.8% 19.3% 38.73%

* Annualized

Return Ranking - Calendar

Period OHYFX Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% -4.7% 14.3% 67.86%
2022 -15.3% -33.4% 3.6% 46.77%
2021 1.8% -8.4% 14.9% 12.79%
2020 -2.1% -13.9% 302.7% 82.09%
2019 7.1% -4.4% 13.3% 62.05%

Total Return Ranking - Trailing

Period OHYFX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -7.2% 5.7% 68.97%
1 Yr 8.3% -8.9% 16.0% 42.92%
3 Yr 1.2%* -16.5% 19.9% 40.49%
5 Yr 2.8%* -11.8% 36.4% 55.03%
10 Yr 3.4%* -4.8% 19.3% 38.73%

* Annualized

Total Return Ranking - Calendar

Period OHYFX Return Category Return Low Category Return High Rank in Category (%)
2023 11.8% -4.7% 18.2% 60.53%
2022 -10.3% -33.4% 47.8% 42.52%
2021 6.8% -8.4% 24.8% 16.89%
2020 2.8% -9.6% 325.6% 84.97%
2019 13.5% 0.9% 21.5% 55.29%

NAV & Total Return History


OHYFX - Holdings

Concentration Analysis

OHYFX Category Low Category High OHYFX % Rank
Net Assets 4.85 B 1.45 M 23.6 B 12.17%
Number of Holdings 690 2 2736 19.04%
Net Assets in Top 10 643 M -492 M 4.45 B 12.69%
Weighting of Top 10 13.18% 4.2% 146.9% 52.63%

Top 10 Holdings

  1. JPMorgan U.S. Government Money Market Fund, Class Institutional 4.98%
  2. DISH DBS Corp. 1.18%
  3. Cooper-Standard Automotive, Inc. 1.16%
  4. Intelsat Jackson Holdings SA 1.04%
  5. CCO Holdings LLC 0.91%
  6. CCO Holdings LLC 0.89%
  7. CCO Holdings LLC 0.79%
  8. Tenet Healthcare Corp. 0.77%
  9. Sirius XM Radio, Inc. 0.75%
  10. Bausch Health Cos., Inc. 0.71%

Asset Allocation

Weighting Return Low Return High OHYFX % Rank
Bonds
90.55% -3.13% 154.38% 81.36%
Cash
6.43% -52.00% 48.07% 26.63%
Stocks
2.59% 0.00% 99.54% 26.19%
Convertible Bonds
1.54% 0.00% 17.89% 30.50%
Preferred Stocks
0.32% 0.00% 7.88% 23.37%
Other
0.00% -63.70% 102.57% 74.30%

Stock Sector Breakdown

Weighting Return Low Return High OHYFX % Rank
Energy
48.38% 0.00% 100.00% 44.66%
Communication Services
38.56% 0.00% 99.99% 11.24%
Real Estate
10.32% 0.00% 86.71% 12.92%
Utilities
2.73% 0.00% 100.00% 19.10%
Technology
0.00% 0.00% 33.17% 84.55%
Industrials
0.00% 0.00% 93.12% 85.39%
Healthcare
0.00% 0.00% 22.17% 82.02%
Financial Services
0.00% 0.00% 100.00% 85.67%
Consumer Defense
0.00% 0.00% 100.00% 82.02%
Consumer Cyclical
0.00% 0.00% 100.00% 85.67%
Basic Materials
0.00% 0.00% 100.00% 81.46%

Stock Geographic Breakdown

Weighting Return Low Return High OHYFX % Rank
US
2.59% 0.00% 99.54% 26.32%
Non US
0.00% -0.01% 0.83% 78.64%

Bond Sector Breakdown

Weighting Return Low Return High OHYFX % Rank
Corporate
95.79% 0.00% 129.69% 47.29%
Cash & Equivalents
4.98% 0.00% 48.07% 31.73%
Derivative
0.00% -15.04% 42.26% 72.60%
Securitized
0.00% 0.00% 97.24% 87.60%
Municipal
0.00% 0.00% 4.66% 77.52%
Government
0.00% 0.00% 99.07% 85.12%

Bond Geographic Breakdown

Weighting Return Low Return High OHYFX % Rank
US
90.55% -3.13% 129.21% 67.03%
Non US
0.00% 0.00% 98.19% 85.91%

OHYFX - Expenses

Operational Fees

OHYFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.04% 31.61% 61.92%
Management Fee 0.50% 0.00% 1.84% 36.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.00% 0.50% 35.42%

Sales Fees

OHYFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

OHYFX 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.

OHYFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.00% 255.00% 42.48%

OHYFX - Distributions

Dividend Yield Analysis

OHYFX Category Low Category High OHYFX % Rank
Dividend Yield 0.00% 0.00% 11.76% 35.54%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

OHYFX Category Low Category High OHYFX % Rank
Net Income Ratio 4.54% -2.39% 14.30% 42.05%

Capital Gain Distribution Analysis

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

Distributions History

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OHYFX - Fund Manager Analysis

Managers

James Shanahan


Start Date

Tenure

Tenure Rank

Nov 13, 1998

23.56

23.6%

James P. Shanahan, Jr., managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Cincinnati, Jim is the team leader and senior portfolio manager for the Cincinnati High Yield team and focuses on higher risk credits, including leveraged loans, distressed and special situations investments in high yield mandates. An employee since 1986, he held the same role at Banc One High Yield Partners, LLC and Pacholder Associates, Inc. He graduated from Xavier University and holds a J.D. from the University Of Cincinnati College Of Law.

Robert Cook


Start Date

Tenure

Tenure Rank

Sep 04, 2019

2.74

2.7%

Robert L. Cook, managing director, is the global head of the High Yield team in the Global Fixed Income, Currency & Commodities (GFICC) group.Based inIndianapolis, he is the lead portfolio manager and is responsible for overseeing high yield total return strategies, sub-advised mutual fund assets and absolute return credit products. Rob is also a member of the Global Fixed Income Macro Strategy Team. Prior to joining the firm in 2004, Rob spent ten years at 40|86 Advisors, most recently as co-head of the Fixed Income investment process, responsible for managing high yield total return assets a

Thomas Hauser


Start Date

Tenure

Tenure Rank

Sep 04, 2019

2.74

2.7%

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.

Jeffrey Lovell


Start Date

Tenure

Tenure Rank

Sep 04, 2019

2.74

2.7%

Jeffrey Lovell, CFA, Managing Director, joined JPMorgan in 2004 and is a senior portfolio manager within the Global High Yield team. Mr. Lovell holds a B.S. in finance and political economy from Hillsdale College, is a member of the Indianapolis Society of Financial Analysts and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17