Fact sheet: JPM Strategic Bond

Fund information
Fund name
JPM Strategic Bond C Acc
Fund manager company
JP Morgan Asset Management UK
Fund type
OEIC
Fund managers
  • Iain Stealeysince 05/05/2009
  • Nick Gartsidesince 05/05/2009
  • Matthew Pallaisince 30/10/2013
  • Bob Michelesince 05/05/2009
Fund objective
To maximise returns by investing primarily in a global portfolio of fixed and floating rate debt securities.
Benchmark
  • ICE Overnight GBP LIBOR
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
6.1%
1 Year rank in sector
62/77
Sector
UT Sterling Strategic Bond
Yield
3.2%
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.
0.68%
Fund size
£511m (£375m 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.
16
Mid price
109.2
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc22.1%
Legg Mason IFBrwiGlInOp14.3%
AXA Framlington Mgd Inc14.3%
Fidelity UK Inv Grd Lg Cr14%
Fidelity I Stg Cr + Bd12.6%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • Not Specified72.2%
    USA18.4%
    Money Market9.4%
  • Asset/Mortgage-Backed Securities33.5%
    High Yield Bond21.4%
    Investment Grade Corporate Bonds20.3%
    Government Bonds11.5%
    Money Market9.4%
  • Global Fixed Interest72.2%
    US Fixed Interest18.4%
    Money Market9.4%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%-1.1%6.1%5.5%13.4%
Sector0.4%-0.6%0.8%7.8%12.8%30.5%
Rank within sector47 / 8333 / 8341 / 8262 / 7767 / 7260 / 61
Quartile3rd2nd2nd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.3%4.6%-0.3%1.4%1.5%
Sector-0.1%7.3%-0.3%6.8%2.6%
Rank within sector40 / 8365 / 7748 / 7470 / 7243 / 64
Quartile2nd4th3rd4th3rd
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.
-0.32
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.
0.51
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%.
2.33
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.
2.27
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.
-1.05
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.
0.56
Price movement
52 week high109.6
52 week low101.6
Current bid price-
Current offer price-
Current mid price109.2
Region
1Not Specified72.2%
2USA18.4%
3Money Market9.4%
Industry sector
1Asset/Mortgage-Backed Securities33.5%
2High Yield Bond21.4%
3Investment Grade Corporate Bonds20.3%
4Government Bonds11.5%
5Money Market9.4%
6Convertibles2%
7Mutual Funds1.6%
8Corporate Bonds0.3%
Asset type
1Global Fixed Interest72.2%
2US Fixed Interest18.4%
3Money Market9.4%
Individual holdings
1FNMA (UNITED STATES) 3.000 01/12/466.9%
2UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD1005.5%
3FHLM (UNITED STATES) 3.000 01/12/464.9%
4UNITED STATES OF AMER TREAS BONDS 1% BDS 15/02/46 USD1003.6%
5TREASURY 2% GILT 07/09/25 GBP0.012.3%
6BPCE (FRANCE) 1.473 23/06/170.8%
7GMAT TRUST (UNITED STATES) 5.000 25/11/430.8%
8A10 SECURITIZATION (UNITED STATES) 6.720 15/10/190.6%
9UBS (SWITZERLAND) 4.750 22/05/230.6%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Asset Management UK
Fund type
OEIC
Fund objective
To maximise returns by investing primarily in a global portfolio of fixed and floating rate debt securities.
Benchmark
  • ICE Overnight GBP LIBOR
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Iain Stealey05/05/2009Iain Stealey, managing director, is the head of Global Aggregate Strategies within the Global Fixed Income, Currency & Commodities (GFICC) group. Based in London, he is a portfolio manager focusing on multi-sector bond strategies for both segregated clients and pooled funds. Within the Global Aggregate team, Iain was previously responsible for the portfolio management of enhanced cash and short duration portfolios. An employee since 2002, he obtained a B.Sc. in Management Science from Loughborough University. Iain is a CFA charterholder and holds the Investment Management Certificate from the UK Society of Investment Professionals.
Nick Gartside05/05/2009Nicholas J. Gartside, managing director, is the International Chief Investment Officer of our Global Fixed Income, Currency & Commodities (GFICC) group. In addition, he is the co-manager of our multi-sector fixed income products and serves on the Currency Investment Policy Committee (CIPC). Prior to joining the firm in 2010, Nick was at Schroder Investment Management for eight years, initially as a euro government bond portfolio manager. In 2007, he moved to the global bond team as a global government bond portfolio manager and most recently served as the Head of Global Fixed Income. His previous roles were at Mercury Asset Management/Merrill Lynch Investment Managers. Nick earned a B.A. in History and Politics from Durham University and an M.Phil. in International Relations from Cambridge University. Nick is a CFA charterholder and holds the Investment Management Certificate from the UK Society of Investment Professionals.
Matthew Pallai30/10/2013Matthew 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.
Bob Michele05/05/2009Robert Michele, managing director, is the Global Chief Investment Officer of JPM Global Fixed Income, Currency & Commodities group. Prior to joining the firm in 2008, Bob was at Schroder Investment Management for ten years, most recently serving as the global head of fixed income. He also previously served as the head of Schroder's US Fixed Income Group, based in New York. Bob was at BlackRock from 1995 to 1998, responsible for managing core bond portfolios and developing credit strategies across all client mandates. Prior to that, Bob spent five years at FirstBoston Asset Management as head of their domestic fixed income desk. Before that, he was at Brown Brothers Harriman for eight years managing taxable, total return portfolios for non-US institutions. Bob began his career at Bankers Trust, working as an investment analyst and portfolio manager. He holds a BA in classics from the University of Pennsylvania, is a CFA charterholder and has the Investment Management Certificate of the UK Society of Investment Professionals.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Jersey
JPM Strategic Bond A Acc
Initial charge3%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price71.2
CurrencyGBX
Price updated23/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF4G3
JPM Strategic Bond A Inc
Initial charge3%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price57.76
CurrencyGBX
Price updated23/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF4G4
JPM Strategic Bond B Acc
Initial charge-
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price72.11
CurrencyGBX
Price updated23/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4G5
JPM Strategic Bond B Inc
Initial charge-
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price99.28
CurrencyGBX
Price updated23/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF4G6
JPM Strategic Bond C Acc
Initial charge-
Annual charge0.5%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price109.2
CurrencyGBX
Price updated23/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4G7
JPM Strategic Bond C Gr Acc
Initial charge-
Annual charge0.5%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price113
CurrencyGBX
Price updated23/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0LSB
JPM Strategic Bond C Gr Inc
Initial charge-
Annual charge0.5%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price98.9
CurrencyGBX
Price updated23/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0LSC
JPM Strategic Bond C Inc
Initial charge-
Annual charge0.5%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price106.2
CurrencyGBX
Price updated23/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF4G8
JPM Strategic Bond I Acc
Initial charge-
Annual charge0.4%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.4%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price117.1
CurrencyGBX
Price updated23/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4G9
JPM Strategic Bond I Gr Acc
Initial charge-
Annual charge0.4%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)0.4%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price153.6
CurrencyGBX
Price updated23/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4H1
JPM Strategic Bond I Gr Inc NAV
Initial charge-
Annual charge0.4%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.4%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price100.9
CurrencyGBX
Price updated23/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF4H2
JPM Strategic Bond I Inc
Initial charge-
Annual charge0.4%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.4%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price98.31
CurrencyGBX
Price updated23/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF4H0
JPM Strategic Bond X Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.06%
Bid price-
Offer price-
Mid price119.9
CurrencyGBX
Price updated23/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4H3
JPM Strategic Bond X Gr Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.06%
Bid price-
Offer price-
Mid price119.1
CurrencyGBX
Price updated23/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4H5
JPM Strategic Bond X Gr Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.06%
Bid price-
Offer price-
Mid price96.26
CurrencyGBX
Price updated23/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF4H6
JPM Strategic Bond X Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF4H4
Data provided by

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