Unconstrained fixed income approach

Investing opportunistically across multiple debt markets and sectors without benchmark constraints, the fund managers can focus on their top convictions to capture attractive income opportunities for a given level of risk. With an unconstrained approach, the fund managers navigate dynamically in changing market conditions.

A wider opportunity set

The Fund invests in a wide range of fixed income securities, covering traditional and non-traditional fixed income, allowing for a wider source of income.

Focusing on income

The fund managers manage the income of the Fund to help minimise fluctuations in dividend payments of its monthly distribution share classes*. Its USD (mth) class has maintained a distribution yield^{^} of 5% or above since launch. (*Aim at monthly distribution. Dividend rate is not guaranteed. Distributions may be paid from capital. ^{Refer to important information 3})

Source: J.P. Morgan Asset Management, as of end-Jun 2020.
^{^}Positive distribution yield does not imply positive return. Annualised yield = [(1+distribution per unit/ex-dividend NAV)^12]-1. The annualised dividend yield is calculated based on the monthly dividend distribution with dividend reinvested, and may be higher or lower than the actual annual dividend yield.

Compelling risk and return profile

The Fund has delivered stronger returns relative to the peer average, while exhibiting lower volatility compared with its peer group over 2-year, 3-year and 5-year horizons.

Source: J.P. Morgan Asset Management, Morningstar, Inc, USD Flexible Bond Category of HK SFC authorised funds (as of end-Jun 2020, NAV to NAV in USD with income reinvested). SFC authorisation is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. Fund refers to the USD (acc) Class. Volatility based on monthly data. Calendar year return: 2015 -1.4%; 2016 +7.9%; 2017 +6.1%; 2018 +0.4%; 2019 +11.4%; 2020 YTD -2.4%. Past performance is not indicative of future performance.

More currency choices now available

In addition to USD and HKD, the Fund offers investors with multiple currency choices, including the AUD Hedged, RMB Hedged†, GBP Hedged, EUR Hedged, and SGD Hedged Classes.

† The RMB Hedged (mth) Class is not available on the J.P. Morgan eTrading platform.
Source: J.P. Morgan Asset Management, as of end-Jun 2020. The AUD/RMB/GBP/EUR/SGD Hedged Classes are not recommended for investors whose base currency of investment is not in the aforesaid currencies.

Industry recognition

The JPMorgan Funds – Income Fund is an award-winning offering with a strong track record. Andrew Norelli, who co-manages the Fund, was also named Best Hong Kong Manager – Global Bonds⁺ in the Citywire Asia Awards 2019 and 2020 for his outstanding fund management.

^ Issued by Lipper of Refinitiv, 2019 award for the A (acc) - USD Class, reflecting performance as of 31.12.2018. Lipper Fund Awards from Refinitiv, © 2019 Refinitiv. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.
*Issued by Fund Selector Asia, based on volatility and consistency of performance as well as fund selector choices for the three-year period from 30.06.2016 to 30.06.2019.
+ Issued by Citywire Asia, 2020 award, reflecting performance of the past three years to 31.12.2019. There can be no assurance that the professionals currently employed by J.P. Morgan Asset Management (JPMAM) will continue to be employed by JPMAM or that the pastperformance or success of any such professional serves as an indicator of such professional's future performance or success.