Fact sheet: JPM Gbl Abs Rtn Bd

Fund information
Fund name
JPM Global Absolute Return Bond D Acc NAV USD
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund managers
  • Matthew Pallaisince 06/10/2014
Fund objective
To achieve a return in excess of cash with low volatility, by investing in a diversified portfolio of debt securities, using financial derivative instruments where appropriate.
Benchmark
  • ICE Overnight USD Libor
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
0.7%
1 Year rank in sector
50/132
Sector
FO Absolute Return
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.7%
Fund size
£39m (£37m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
77
Top in this sector
Fund name1 Year
Pioneer SICV-AbsRetBd17.9%
Polar Capital UK Abs Eq10.3%
SW Mitchell Emerging European9.6%
Orbis Optimal SA9.4%
Orbis Optimal USD9.4%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • USA69.3%
    Japan9.4%
    Luxembourg9.4%
    UK2.8%
    Italy1.9%
  • Money Market46.9%
    Government Agency Bonds21.4%
    Asset/Mortgage-Backed Securities15.5%
    Mortgage & Secured Bonds7.6%
    Investment Grade Corporate Bonds3.3%
  • US Fixed Interest69.3%
    Japanese Fixed Interest9.4%
    Luxembourg Fixed Interest9.4%
    UK Fixed Interest2.8%
    Italian Fixed Interest1.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%1.3%1.1%0.7%0.4%2.8%
Sector-0.5%-0.4%0.4%-0.4%2.2%9.7%
Rank within sector18 / 14122 / 14150 / 13850 / 13249 / 8356 / 64
Quartile1st1st2nd2nd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund0.7%-0.7%-0.1%-1%3.6%
Sector0.1%0.7%1.2%3.6%3.9%
Rank within sector57 / 13264 / 11557 / 8861 / 7138 / 63
Quartile2nd3rd3rd4th3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.15
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.09
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
1
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.91
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.57
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.03
Price movement
52 week high101.52
52 week low100.06
Current bid price-
Current offer price-
Current mid price101.52
Region
1USA69.3%
2Japan9.4%
3Luxembourg9.4%
4UK2.8%
5Italy1.9%
6Portugal1.7%
7Russia1.2%
8Others1%
9New Zealand0.9%
Industry sector
1Money Market46.9%
2Government Agency Bonds21.4%
3Asset/Mortgage-Backed Securities15.5%
4Mortgage & Secured Bonds7.6%
5Investment Grade Corporate Bonds3.3%
6Debt2.1%
7High Yield Bond2.1%
8Convertibles1.1%
Asset type
1US Fixed Interest69.3%
2Japanese Fixed Interest9.4%
3Luxembourg Fixed Interest9.4%
4UK Fixed Interest2.8%
5Italian Fixed Interest1.9%
6Portuguese Fixed Interest1.7%
7Russian Fixed Interest1.2%
8Global Fixed Interest1%
9Middle East & African Fixed Interest0.9%
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 0% TB 06/10/16 USD1005.2%
2UNITED STATES OF AMER TREAS BILLS 0% BDS 15/12/16 USD1005%
3UNITED STATES OF AMER TREAS BILLS 0% BDS 20/10/16 USD1005%
4UNITED STATES OF AMER TREAS BILLS 0% TB 27/10/16 USD10005%
5UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD1005%
6US TREASURY 0.000 01/12/165%
7JAPAN(GOVERNMENT OF) 0.1% BDS 15/07/18 JPY500004.9%
8JAPAN(GOVERNMENT OF) 0.1% NTS 15/07/17 JPY10004.5%
9UNITED STATES OF AMER TREAS BILLS 0% TB 03/11/16 USD1004.2%
Management
Fund manager group
JP Morgan
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund objective
To achieve a return in excess of cash with low volatility, by investing in a diversified portfolio of debt securities, using financial derivative instruments where appropriate.
Benchmark
  • ICE Overnight USD Libor
Investment style
Absolute Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Matthew Pallai06/10/2014Matthew Pallai, executive director, has been a portfolio manager working in the U.S. Macro investment team since 2011 where he is responsible for managing global unconstrained bond strategies, focusing on international developed markets, securitized products, and macroeconomic strategy. Prior to 2011, he held positions on both the Agency and Non-Agency Mortgage Team, where, as a portfolio manager, he was responsible for analyzing, selecting and trading residential mortgage-backed securities. Matthew holds a B.A. in mathematics from Boston College and an M.A. in economics from New York University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Curacao, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Hungary, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Poland, Portugal, Sweden
JPM Global Absolute Return Bond A Acc NAV USD
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price104.62
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLBO0
JPM Global Absolute Return Bond A Acc USD
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price104.1
Offer price107.76
Mid price-
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLBN9
JPM Global Absolute Return Bond A Hedged Acc EUR
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price73.71
Offer price76.3
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLBO1
JPM Global Absolute Return Bond A Hedged Acc NAV EUR
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price74.08
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLBO2
JPM Global Absolute Return Bond A Hedged Acc NAV SEK
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price722.01
CurrencySEK
Price updated20/07/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLBO4
JPM Global Absolute Return Bond A Hedged Acc SEK
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price718.4
Offer price743.67
Mid price-
CurrencySEK
Price updated20/07/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLBO3
JPM Global Absolute Return Bond A Hedged Dis EUR
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price68.71
Offer price71.13
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFHSN
JPM Global Absolute Return Bond A Hedged Dis NAV EUR
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price69.06
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFHSO
JPM Global Absolute Return Bond C Acc NAV USD
Initial charge-
Annual charge0.5%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price101.57
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE2IH
JPM Global Absolute Return Bond C Acc USD
Initial charge-
Annual charge0.5%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.65%
Bid price101.57
Offer price101.57
Mid price-
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE2IG
JPM Global Absolute Return Bond D Acc NAV USD
Initial charge3%
Annual charge1%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price101.52
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLDR5
JPM Global Absolute Return Bond D Acc USD
Initial charge3%
Annual charge1%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price101.01
Offer price104.57
Mid price-
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLDR4
JPM Global Absolute Return Bond D Hedged Acc EUR
Initial charge3%
Annual charge1%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price71.71
Offer price74.23
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLBO5
JPM Global Absolute Return Bond D Hedged Acc NAV EUR
Initial charge3%
Annual charge1%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price72.07
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLBO6
JPM Global Absolute Return Bond X Acc NAV USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price102.57
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFRDI
JPM Global Absolute Return Bond X Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.1%
Bid price102.57
Offer price102.57
Mid price-
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFRDH
JPM Global Absolute Return Bond X Hedged Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.1%
Bid price76.79
Offer price76.79
Mid price-
CurrencyEUR
Price updated05/11/2012
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM1J3
JPM Global Absolute Return Bond X Hedged Acc NAV EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price76.79
CurrencyEUR
Price updated05/11/2012
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM1J4
JPM Global Absolute Return Bond X Inc NAV USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price99.89
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBN0O
JPM Global Absolute Return Bond X Inc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.1%
Bid price99.89
Offer price99.89
Mid price-
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBN0P
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.