Fact sheet: JPM US Bond

Fund information
Fund name
JPM US Bond D NAV
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund managers
  • Steven Learsince 15/01/1997
  • Diana Wagnersince 01/05/2015
  • Jan Hosince 01/05/2015
Fund objective
To achieve a return in excess of US bond markets by investing primarily in US debt securities, using financial derivativeinstruments where appropriate.
Benchmark
  • Barclays US Aggregate Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.1%
1 Year rank in sector
24/43
Sector
FO Fixed Int - USD Investment Grade
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.
1.35%
Fund size
£242m (£83m last year)
Top in this sector
Fund name1 Year
JPM EmMtInvGrBd12.3%
Blackrock Gbl Infltn Lkd Bd $12%
Nikko AM Asia Credit10%
Fidelity Asian Bd9.4%
Pimco GIS GblInvGrCr9.3%
...more in FO Fixed Int - USD Investment Grade

Performance snapshot

Holdings snapshot

  • USA84.8%
    Mexico1.8%
    Canada1.7%
    Money Market1.4%
    UK1.2%
  • Asset/Mortgage-Backed Securities45.8%
    Investment Grade Bonds30.3%
    Government Bonds13.3%
    High Yield Bond6.6%
    Debt1.8%
  • US Fixed Interest78.7%
    US Government Fixed Interest13.3%
    US Corporate Fixed Interest6.6%
    Money Market1.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%0.7%3.6%5.1%10.7%25.2%
Sector-0.1%1.1%3.9%6.1%13%24.2%
Rank within sector21 / 4626 / 4620 / 4424 / 4324 / 4110 / 36
Quartile2nd3rd2nd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund5.8%-1.2%5.5%3.5%7.7%
Sector6.4%-0.7%6%-1.1%10.1%
Rank within sector21 / 4330 / 4222 / 412 / 4014 / 36
Quartile2nd3rd3rd1st2nd
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.
0.01
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.
0.84
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.
0.16
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%.
2.61
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.
1.29
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.
0.78
Price movement
52 week high164.14
52 week low154.13
Current bid price-
Current offer price-
Current mid price163.7
Region
1USA84.75%
2Mexico1.77%
3Canada1.68%
4Money Market1.4%
5UK1.18%
6Panama0.89%
7China0.79%
8Qatar0.79%
9Brazil0.69%
Industry sector
1Asset/Mortgage-Backed Securities45.8%
2Investment Grade Bonds30.3%
3Government Bonds13.3%
4High Yield Bond6.6%
5Debt1.8%
6Money Market1.4%
7Mortgage & Secured Bonds0.8%
Asset type
1US Fixed Interest78.7%
2US Government Fixed Interest13.3%
3US Corporate Fixed Interest6.6%
4Money Market1.4%
Individual holdings
1FEDERAL FARM 0.00% 01/09/167.9%
2FNMA 3.50%  01/09/462.3%
3UNITED STATES OF AMER TREAS BONDS 4.5% BDS 15/02/36 USD10002.3%
4UNITED STATES OF AMER TREAS NOTES 1.125% BDS 28/02/21 USD1002.2%
5UNITED STATES OF AMER TREAS BONDS 1.25% BDS 15/12/18 USD1002%
6GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 3.00%  20/07/461.8%
7GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 3.50%  20/01/431.7%
8UNITED STATES OF AMER TREAS NOTES 1.5% BDS 31/03/23 USD10001.2%
9US TREASURY 3.00% 15/11/451.2%
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 US bond markets by investing primarily in US debt securities, using financial derivativeinstruments where appropriate.
Benchmark
  • Barclays US Aggregate Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Steven Lear15/01/1997Steven Lear, managing director, is the Deputy Chief Investment Officer for the New York and London Fixed Income Investment Teams. In this role, he is responsible for overseeing the U.S. broad market strategies, including core, core plus, long duration and stable value. Prior to joining the firm in 2008, Steve was at Schroder Investment Management for 10 years, serving as the head of U.S. Fixed Income for the last seven years. Previously, Steve was a partner at Weiss Peck and Greer and a portfolio manager at CS First Boston Asset Management. Before that, he was at Fidelity for five years, where he served as the first mortgage securities analyst. Steve began his career in 1980 at Mercer Consulting. He holds a B.A. in business administration from the University of Western Ontario and an M.B.A from the University of California, Berkeley. He is also a CFA charterholder.
Diana Wagner01/05/2015Diana Wagner, managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in New York, she is portfolio manager on the U.S. Macro Driven Fixed Income Portfolio Management team and is responsible for overseeing core and core plus portfolios. Prior to joining the firm in 2010, Diana was at NewMarket Capital Partners, a hedge fund of funds, for seven years. A founding member, Diana directed business development at NewMarket Capital, and served as an active member of the Investment Committee, making strategy allocation and investment decisions. Before that, Diana was in fixed income product sales, working at Morgan Stanley for seven years, Credit Suisse First Boston for eleven years and Lehman Brothers for three years. Diana holds a B.A. in economics and French literature from Williams College and an M.B.A. from New York University’s Stern School of Business. She is also a CFA charterholder.
Jan Ho01/05/2015Jan Ho, executive director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in New York, Jan is a portfolio manager, focusing on our core and core plus portfolios. In addition, he is a member of the Real Return Bond investment team. An employee of the firm since 2000, Jan was previously a member of the Fixed Income Technology team for three years, serving as the planner and programmer for the fixed income portfolio management and trading systems. Prior to this, he worked at TIAA-CREF to develop retirement annuity systems. Jan obtained a B.S. in electrical engineering from Cooper Union College and an M.S. in computer science from NYU-Poly.
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, Bahrain, Switzerland, Curacao, Cyprus, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Portugal, Sweden
JPM US Bond A Acc NAV USD
Initial charge3%
Annual charge0.9%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price227.61
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJD91
JPM US Bond A Acc NAV$
Initial charge3%
Annual charge0.9%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price227.8
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeABKN
JPM US Bond A Acc USD
Initial charge3%
Annual charge0.9%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price226.47
Offer price234.44
Mid price-
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJJ26
JPM US Bond A Acc$
Initial charge3%
Annual charge0.9%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price227.8
Offer price-
Mid price-
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeABIU
JPM US Bond A Hedged Acc GBP
Initial charge3%
Annual charge0.9%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price70.4
Offer price72.87
Mid price-
CurrencyGBP
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE2TL
JPM US Bond A Hedged Acc Nav GBP
Initial charge3%
Annual charge0.9%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price70.75
CurrencyGBP
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE2TK
JPM US Bond A Inc
Initial charge3%
Annual charge0.9%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price136.35
Offer price141.15
Mid price-
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ127
JPM US Bond A Inc NAV
Initial charge3%
Annual charge0.9%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price137.04
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ128
JPM US Bond C
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price234.62
Offer price234.62
Mid price-
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJJ28
JPM US Bond C NAV
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price234.62
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJD93
JPM US Bond D
Initial charge3%
Annual charge0.9%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price162.88
Offer price168.61
Mid price-
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJL08
JPM US Bond D NAV
Initial charge3%
Annual charge0.9%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price163.7
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJL09
JPM US Bond I
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)0.56%
Bid price106.09
Offer price106.09
Mid price-
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXGI
JPM US Bond I NAV
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)0.56%
Bid price-
Offer price-
Mid price106.09
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXGJ
Data provided by

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