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Trending ETFs

JPMorgan Total Return Fund

mutual fund
JMTSX
Payout Change
Pending
Price as of:
$8.82 -0.03 -0.34%
primary theme
U.S. Intermediate-Term Bond Duration
JMTSX (Mutual Fund)

JPMorgan Total Return Fund

Payout Change
Pending
Price as of:
$8.82 -0.03 -0.34%
primary theme
U.S. Intermediate-Term Bond Duration
JMTSX (Mutual Fund)

JPMorgan Total Return Fund

Payout Change
Pending
Price as of:
$8.82 -0.03 -0.34%
primary theme
U.S. Intermediate-Term Bond Duration

Name

As of 12/12/2024

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

$8.82

$179 M

3.35%

$0.30

0.89%

Vitals

YTD Return

2.1%

1 yr return

3.5%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

-0.4%

Net Assets

$179 M

Holdings in Top 10

61.5%

52 WEEK LOW AND HIGH

$8.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.89%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 475.00%

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 12/12/2024

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

$8.82

$179 M

3.35%

$0.30

0.89%

JMTSX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.23%
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Total Return Fund
  • Fund Family Name
    JPMorgan Funds
  • Inception Date
    Jun 17, 2008
  • Shares Outstanding
    14159997
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    William Eigen

Fund Description

The Fund has wide latitude to invest in all types of debt securities that the adviser believes have the potential to provide a high total return over time. As part of its principal investment strategy, the Fund may invest in corporate bonds, U.S. treasury obligations and other U.S. government and agency securities, asset-backed, mortgage-related and mortgage-backed securities and structured investments. Mortgage-related and mortgage-backed securities may be structured as adjustable rate mortgage loans, collateralized mortgage obligations (agency and non-agency), stripped mortgage-backed securities (interest-only or principal-only), commercial mortgage-backed securities, and mortgage pass-through securities including mortgage TBAs. These securities may be of any maturity.The Fund may invest a significant portion or all of its assets in mortgage-backed securities in the adviser’s discretion. The Fund may invest a significant amount of its assets in sub-prime mortgage-related securities. The Fund may enter into dollar rolls, in which the Fund sells mortgage-backed securities including mortgage TBAs and at the same time contracts to buy back very similar securities on a future date. The Fund may also sell mortgage TBAs short.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 uses derivatives structured as futures, options, swaps and price locks to help manage duration, sector and yield curve exposure and credit and spread volatility. Swaps may be structured as credit default swaps (CDSs) on individual securities, a basket or index of securities, interest rate swaps, total return swaps and price lock swaps. The Fund uses CDSs to initiate long exposures (overweights) in areas of the market that the adviser believes are attractively valued and short positions (underweights) in areas that the adviser believes are not attractive from a valuation perspective. In certain market environments, the Fund may use interest rate swaps and futures contracts to help protect its portfolio from interest rate risk. The Fund may also utilize foreign currency transactions including currency options and forward foreign currency contracts to hedge non-dollar investments or to establish or adjust exposure to particular foreign securities, markets or currencies.The Fund may also use derivatives either alone or in combination with securities as part of its “relative value” strategies. Relative value strategies seek to exploit pricing discrepancies between individual securities or market sectors. The Fund’s relative value strategies use combinations of securities and investments and include: (1) credit-oriented trades such as purchasing a CDS related to one bond or set of bonds and selling a CDS on a similar bond or set of bonds, (2) mortgage-dollar rolls in which the Fund sells mortgage-backed securities and the same time contracts to buy back very similar securities on a future date, (3) long/short strategies such as selling a bond with one maturity and buying a bond with a different maturity to take advantage of the yield/return between the maturity dates, and (4) other combinations of fixed income securities and derivatives.Up to 35% of the Fund’s total assets may be invested in foreign securities, including emerging markets debt securities. Up to 25% of the Fund’s total assets may be invested in non-dollar denominated securities. Such investments may be issued or guaranteed by a wide variety of entities including governments and their agencies and instrumentalities, corporations, financial institutions and supranational organizations.Under normal circumstances, 65% of the Fund’s net assets will be invested in securities that, at the time of purchase, are rated investment grade (or the unrated equivalent). Up to 35% of the Fund’s net assets may be invested in securities rated below investment grade (junk bonds) including 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. The Fund may also invest in securities that are unrated but are deemed by the adviser to be of comparable quality.The Fund may invest in securities issued by the U.S. government and its agencies and instrumentalities including U.S. Treasury securities, treasury receipts and obligations and securities. The Fund may also invest in inflation-linked debt securities of varying maturities issued by the U.S. government, its agencies and instrumentalities such as Treasury Inflation Protected Securities (TIPS) or issued by other entities such as corporations, foreign governments and other foreign issuers.The Fund may invest in loan assignments and participations (Loans) and commitments to purchase loan assignments. Loans will typically consist of senior floating rate 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. As part of its principal investment strategy, the Fund may invest any portion of its total assets in cash and cash equivalents.The adviser buys and sells investments for the Fund by analyzing both individual securities and different market sectors within broader interest rate, investment and sector themes established by the adviser’s macro team. The adviser looks for individual investments that it believes will perform well over market cycles based on a risk/reward evaluation of interest rate risk, credit risk, legal provisions and the structure of the transaction. As part of its security selection process, the adviser seeks to assess the impact of environmental, social and governance (ESG) factors on many issuers 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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JMTSX - Performance

Return Ranking - Trailing

Period JMTSX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -4.6% 11.7% 83.83%
1 Yr 3.5% -2.4% 15.0% 84.56%
3 Yr -2.2%* -10.0% 28.5% 66.35%
5 Yr -0.4%* -7.2% 58.8% 80.85%
10 Yr 1.5%* -2.8% 74.0% 55.63%

* Annualized

Return Ranking - Calendar

Period JMTSX Return Category Return Low Category Return High Rank in Category (%)
2023 1.9% -16.2% 8.1% 59.36%
2022 -15.3% -34.7% 131.9% 28.40%
2021 -3.5% -11.6% 4.4% 55.51%
2020 4.4% -9.9% 946.1% 45.91%
2019 6.5% -1.7% 16.9% 18.73%

Total Return Ranking - Trailing

Period JMTSX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -4.6% 11.7% 83.83%
1 Yr 3.5% -2.4% 15.0% 84.56%
3 Yr -2.2%* -10.0% 28.5% 66.35%
5 Yr -0.4%* -7.2% 58.8% 80.85%
10 Yr 1.5%* -2.8% 74.0% 55.63%

* Annualized

Total Return Ranking - Calendar

Period JMTSX Return Category Return Low Category Return High Rank in Category (%)
2023 5.5% -11.3% 11.9% 69.13%
2022 -13.5% -32.2% 131.9% 47.34%
2021 -1.7% -9.4% 9.2% 75.08%
2020 7.0% -1.9% 1009.0% 80.21%
2019 9.5% 1.1% 21668.0% 31.81%

NAV & Total Return History


JMTSX - Holdings

Concentration Analysis

JMTSX Category Low Category High JMTSX % Rank
Net Assets 179 M 2.9 M 314 B 83.32%
Number of Holdings 314 1 17880 78.92%
Net Assets in Top 10 99.2 M 1.62 M 35.1 B 73.21%
Weighting of Top 10 61.50% 4.7% 3984.6% 7.30%

Top 10 Holdings

  1. JPMorgan Prime Money Market Fund, Class IM 31.52%
  2. FNMA/FHLMC UMBS, Single Family, 30 Year 5.29%
  3. FNMA/FHLMC UMBS, Single Family, 30 Year 5.22%
  4. FNMA/FHLMC UMBS, Single Family, 30 Year 4.19%
  5. U.S. Treasury Bonds 3.84%
  6. U.S. Treasury Notes 3.36%
  7. FNMA/FHLMC UMBS, Single Family, 30 Year 2.71%
  8. U.S. Treasury Bonds 2.09%
  9. FNMA/FHLMC UMBS, Single Family, 30 Year 1.68%
  10. U.S. Treasury Bonds 1.61%

Asset Allocation

Weighting Return Low Return High JMTSX % Rank
Bonds
87.22% 0.00% 9231.88% 81.24%
Cash
31.80% -54.51% 237.69% 1.66%
Convertible Bonds
2.84% 0.00% 7.93% 10.36%
Other
1.27% -27.25% 1695.17% 70.92%
Stocks
0.45% 0.00% 99.98% 13.37%
Preferred Stocks
0.04% 0.00% 72.34% 22.43%

Stock Sector Breakdown

Weighting Return Low Return High JMTSX % Rank
Utilities
0.00% 0.00% 100.00% 23.53%
Technology
0.00% 0.00% 43.45% 58.82%
Real Estate
0.00% 0.00% 99.26% 8.82%
Industrials
0.00% 0.00% 48.31% 26.47%
Healthcare
0.00% 0.00% 17.70% 26.47%
Financial Services
0.00% 0.00% 100.00% 26.47%
Energy
0.00% 0.00% 100.00% 54.41%
Communication Services
0.00% 0.00% 100.00% 61.76%
Consumer Defense
0.00% 0.00% 99.67% 13.24%
Consumer Cyclical
0.00% 0.00% 100.00% 23.53%
Basic Materials
0.00% 0.00% 100.00% 16.18%

Stock Geographic Breakdown

Weighting Return Low Return High JMTSX % Rank
US
0.45% 0.00% 99.98% 13.40%
Non US
0.00% 0.00% 88.46% 68.54%

Bond Sector Breakdown

Weighting Return Low Return High JMTSX % Rank
Corporate
35.97% 0.00% 100.00% 31.69%
Cash & Equivalents
31.80% 0.00% 237.69% 1.66%
Securitized
30.31% 0.00% 98.40% 47.70%
Government
5.90% 0.00% 86.23% 90.59%
Municipal
0.00% 0.00% 100.00% 91.00%
Derivative
-0.36% -6.56% 44.82% 96.68%

Bond Geographic Breakdown

Weighting Return Low Return High JMTSX % Rank
US
86.98% 0.00% 9042.62% 75.18%
Non US
0.24% 0.00% 189.26% 34.27%

JMTSX - Expenses

Operational Fees

JMTSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.01% 39.64% 32.39%
Management Fee 0.30% 0.00% 1.76% 33.89%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.50% 41.64%

Sales Fees

JMTSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

JMTSX 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.

JMTSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 475.00% 2.00% 493.39% 96.97%

JMTSX - Distributions

Dividend Yield Analysis

JMTSX Category Low Category High JMTSX % Rank
Dividend Yield 3.35% 0.00% 10.11% 61.24%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

JMTSX Category Low Category High JMTSX % Rank
Net Income Ratio 1.23% -1.28% 4.79% 79.74%

Capital Gain Distribution Analysis

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

Distributions History

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JMTSX - Fund Manager Analysis

Managers

William Eigen


Start Date

Tenure

Tenure Rank

Jun 16, 2008

13.96

14.0%

William Eigen, Managing Director and CFA charterholder, is the lead portfolio manager who has been primarily responsible for the day-to-day management of the Fund since its inception.. In his role as lead portfolio manager for the Fund, he is responsible for establishing and monitoring the strategy allocation for the Fund within and among sectors and utilizing the research and insight of dedicated sector specialists in making day-to-day decisions regarding securities to be bought or sold by the Fund. Information on Mr. Eigen is described under the Total Return Fund. He holds a B.S. in finance from the University of Rhode Island and is a CFA charterholder. Bill has served on the Board of Directors of the Boston Security Analysts Society and is a current member of its Education Board.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16