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Trending ETFs

JPMorgan Managed Income Fund

mutual fund
JMGIX
Payout Change
Pending
Price as of:
$10.03 +0.01 +0.1%
primary theme
U.S. Ultrashort Bond Duration
share class
L (JMGIX) I (JMGLX)
JMGIX (Mutual Fund)

JPMorgan Managed Income Fund

Payout Change
Pending
Price as of:
$10.03 +0.01 +0.1%
primary theme
U.S. Ultrashort Bond Duration
share class
L (JMGIX) I (JMGLX)
JMGIX (Mutual Fund)

JPMorgan Managed Income Fund

Payout Change
Pending
Price as of:
$10.03 +0.01 +0.1%
primary theme
U.S. Ultrashort Bond Duration
share class
L (JMGIX) I (JMGLX)

Name

As of 11/29/2024

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

JPMorgan Managed Income Fund

JMGIX | Fund

$10.03

$5.79 B

4.90%

$0.49

0.34%

Vitals

YTD Return

5.1%

1 yr return

5.8%

3 Yr Avg Return

3.6%

5 Yr Avg Return

2.5%

Net Assets

$5.79 B

Holdings in Top 10

11.4%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.34%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$3,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/29/2024

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

JPMorgan Managed Income Fund

JMGIX | Fund

$10.03

$5.79 B

4.90%

$0.49

0.34%

JMGIX - Profile

Distributions

  • YTD Total Return 5.1%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.33%
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Managed Income Fund
  • Fund Family Name
    JPMorgan Funds
  • Inception Date
    Oct 04, 2010
  • Shares Outstanding
    1143418945
  • Share Class
    L
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Martucci

Fund Description

The Fund mainly invests in investment grade, U.S. dollar denominated short-term fixed and floating rate debt securities. As part of its principal investment strategy, the Fund may invest in corporate securities, asset-backed securities and high quality money market instruments such as commercial paper, certificates of deposit, time deposits, deposit notes and bank notes. The Fund may also invest in U.S. Treasury securities (including Separate Trading of Registered Interest and Principal of Securities (STRIPS)), securities issued or guaranteed by the U.S. government or its agencies and instrumentalities, securities issued or guaranteed by supranational organizations, securities issued or guaranteed by foreign governments, repurchase agreements, and Rule 144A securities. All securities will be U.S. dollar-denominated although they may be issued by a foreign corporation or a U.S. affiliate of a foreign corporation, or a foreign government or its agencies and instrumentalities.The Fund will concentrate its investments in the banking industry. Therefore, under normal conditions, the Fund will invest more than 25% of its assets in securities issued by companies in the banking industry. The Fund may, however, invest less than 25% of its assets in this industry as a temporary defensive measure.All of the Fund’s investments will carry a minimum short-term rating of P-2, A-2 or F2 or better by Moody’s Investors Service Inc. (Moody’s), Standard & Poor’s Corporation (S&P), or Fitch Ratings (Fitch), respectively, or the equivalent by another nationally recognized statistical rating organization (NRSRO), or a minimum long-term rating of Baa3, BBB–, or BBB– by Moody’s, S&P, or Fitch, respectively, or the equivalent by another NRSRO at the time of investment or if such investments are unrated, deemed by J.P. Morgan Investment Management Inc. (JPMIM or the adviser) to be of comparable quality at the time of investment.Under normal circumstances, the Fund’s duration will not exceed one year.The Fund has flexibility to invest in derivatives and may use such instruments as substitutes for securities in which the Fund can invest. Derivatives are instruments which have a value based on another instrument, exchange rate or index. Although the use of derivatives is not a main strategy of the Fund under normal market conditions, the Fund may use futures contracts, options, swaps, and forward contracts in connection with its principal strategies in certain market conditions in order to hedge various investments, for risk management purposes and/or to increase income or gain to the Fund.The adviser allocates the Fund’s assets among a range of sectors based on strategic positioning that focuses on factors expected to impact returns over the long term and other tactical considerations that focus on factors that are expected to impact returns over the short to medium term. In buying and selling investments for the Fund, the adviser looks for market sectors and individual securities that it believes will perform well over time. The adviser selects individual securities after performing a risk/reward analysis that includes an evaluation of their characteristics including income, interest rate risk, credit risk and the complex legal and technical structure of the transaction.The Fund may enter into lending agreements under which the Fund would lend money for temporary purposes directly to another J.P. Morgan Fund through a credit facility, subject to meeting the conditions of an SEC exemptive order granted to the Fund permitting such interfund lending.The Fund is not a money market fund and is not subject to the special regulatory requirements (including maturity and credit quality constraints) designed to enable money market funds to maintain a stable share price.
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JMGIX - Performance

Return Ranking - Trailing

Period JMGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -0.1% 7.9% 63.68%
1 Yr 5.8% 1.3% 9.3% 65.09%
3 Yr 3.6%* -1.1% 7.0% 49.02%
5 Yr 2.5%* -0.8% 4.5% 56.08%
10 Yr 1.8%* -4.2% 27.9% 63.64%

* Annualized

Return Ranking - Calendar

Period JMGIX Return Category Return Low Category Return High Rank in Category (%)
2023 0.3% -2.3% 4.3% 86.79%
2022 -0.2% -6.5% 0.5% 5.85%
2021 -0.4% -2.1% 0.3% 41.71%
2020 0.0% -3.1% 1.8% 69.11%
2019 0.4% -1.2% 6.1% 64.09%

Total Return Ranking - Trailing

Period JMGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -0.1% 7.9% 63.68%
1 Yr 5.8% 1.3% 9.3% 65.09%
3 Yr 3.6%* -1.1% 7.0% 49.02%
5 Yr 2.5%* -0.8% 4.5% 56.08%
10 Yr 1.8%* -4.2% 27.9% 63.64%

* Annualized

Total Return Ranking - Calendar

Period JMGIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% 0.8% 12.1% 74.06%
2022 1.2% -5.1% 2.5% 8.29%
2021 0.1% -2.1% 14.5% 49.25%
2020 1.5% -1.0% 3.6% 56.54%
2019 3.2% 0.3% 9.6% 37.02%

NAV & Total Return History

JMGIX - Holdings

Concentration Analysis

JMGIX Category Low Category High JMGIX % Rank
Net Assets 5.79 B 26.6 K 22.6 B 21.23%
Number of Holdings 418 2 1258 26.89%
Net Assets in Top 10 648 M 27.7 K 22.7 B 25.94%
Weighting of Top 10 11.44% 6.3% 159.6% 88.21%

Top 10 Holdings

  1. BPCE SA 1.55%
  2. Federation des Caisses Desjardins du Quebec 1.43%
  3. Bank of Nova Scotia (The) 1.34%
  4. U.S. Treasury Notes 1.11%
  5. Royal Bank of Canada 1.10%
  6. Wells Fargo Securities LLC 1.06%
  7. U.S. Treasury Notes 1.02%
  8. Westpac Banking Corp. 0.96%
  9. U.S. Treasury Notes 0.94%
  10. First Abu Dhabi Bank PJSC 0.93%

Asset Allocation

Weighting Return Low Return High JMGIX % Rank
Bonds 		63.71% 0.00% 129.63% 75.94%
Cash 		20.76% 0.00% 112.72% 11.79%
Other 		15.53% -13.48% 99.96% 36.79%
Convertible Bonds 		8.93% 0.00% 15.25% 10.43%
Stocks 		0.00% 0.00% 97.16% 19.81%
Preferred Stocks 		0.00% 0.00% 1.02% 5.66%

Bond Sector Breakdown

Weighting Return Low Return High JMGIX % Rank
Corporate 		53.70% 0.00% 99.91% 20.38%
Cash & Equivalents 		20.47% 0.00% 112.72% 10.85%
Securitized 		6.78% 0.00% 100.00% 71.56%
Government 		0.02% 0.00% 100.00% 73.93%
Derivative 		0.00% -13.48% 16.56% 24.53%
Municipal 		0.00% 0.00% 70.39% 45.97%

Bond Geographic Breakdown

Weighting Return Low Return High JMGIX % Rank
US 		63.71% 0.00% 129.63% 75.94%
Non US 		0.00% 0.00% 20.18% 16.51%

JMGIX - Expenses

Operational Fees

JMGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.34% 0.08% 29.63% 73.21%
Management Fee 0.15% 0.00% 1.19% 7.55%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.40% 20.65%

Sales Fees

JMGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

JMGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% 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.

JMGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 336.00% 58.17%

JMGIX - Distributions

Dividend Yield Analysis

JMGIX Category Low Category High JMGIX % Rank
Dividend Yield 4.90% 0.00% 8.76% 57.55%

Dividend Distribution Analysis

JMGIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

JMGIX Category Low Category High JMGIX % Rank
Net Income Ratio 0.33% -1.30% 14.86% 64.71%

Capital Gain Distribution Analysis

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

Distributions History

View More +

JMGIX - Fund Manager Analysis

Managers

David Martucci

Start Date

Tenure

Tenure Rank

Sep 30, 2010

11.67

11.7%

David N. Martucci, managing director,is the head of the managed reserves strategy and oversees the portfolio management team at J.P. Morgan Investment Management. David oversees managed reserves portfolios. Prior to joining JPMIM in 2000, David worked at Chubb Insurance as a professional lines underwriter. David holds a B.A. in math and economics from Hamilton College and an M.B.A. in finance and economics from New York University’s Stern School of Business.

Kyongsoo Noh

Start Date

Tenure

Tenure Rank

Apr 12, 2013

9.14

9.1%

Kyongsoo Noh, Managing Director and CFA charterholder. An employee since 2000, Mr. Noh is a portfolio manager within the Global Liquidity business. In this role, he oversees managed reserves portfolios. A portfolio manager of the Fund since April 2013, Mr. Noh was previously an ABS portfolio manager within the U.S. Fixed Income Group, specializing in asset-backed securities

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.52 7.92

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