Seeking income opportunities for all seasons
Investments involve risks and are not similar or comparable to deposits. Not all investments are suitable for all investors. Investors should make independent assessment, seek financial advice and refer to offering documents for further details. Past performance is not a reliable indicator of current and future results. Provided for information only, not to be construed as investment recommendation. Source: J.P. Morgan Asset Management, as of 31.08.2024.
1. The annualised quarterly dividend yield is an estimated projected figure based on the assumption that dividend rates per share remain the same over the coming year and is calculated based on the quarterly dividend distribution with dividend re-invested, and may be higher or lower than the actual annual dividend yield. Dividends are not guaranteed. Past payout yields and payments do not represent future payout yields and payments. Positive yield does not imply positive return. Distributions may be paid out of capital or distributable income or both. Any payments of distributions by the Fund are expected to result in a decrease in the net asset value per share on the ex-dividend date. The value of the units and the income accruing, if any, may fall or rise. Funds that invest in or where payout may be generated from financial derivatives strategies may involve higher risks. The declaration and payment of dividends is at the discretion of the manager and is subject to the dividend policy referred in the Offering Documents. *Please refer to the Offering Documents for details on the Fund’s investment strategy including risk factors and the dividend policy. For detailed disclosures please visit www.jpmorganam.com.sg.
2. Fund performance is shown based on the NAV of the A (div) – USD (hedged) share class with income (gross of shareholder tax) reinvested including actual ongoing charges excluding any entry and exit fees. Inception date 13.01.2012. Income return is calculated as the geometric difference between the total return and price return. ^Due to a change in pricing model, post 31 October 2016 (effective date), performance calculations are on a single pricing basis, taking into account any initial and redemption fees. Prior to 31 October 2016, performance calculations are on an offer-to-bid basis. The maximum initial charge (if any) is taken into account for performance calculations.
JPMorgan Global Income Fund
JPMorgan Global Income Fund seeks to deliver our high-conviction ideas across different income-generating asset classes in a truly diversified portfolio. Drawing on 50+ years of experience in multi-asset investing as a team, we dynamically allocate assets across different geographies, asset classes, market capitalisation and capital structures, striving to generate a consistent, risk-adjusted income.
Seeking only the best income opportunities from around the globe, the Fund aims to provide investors with a consistent and potentially attractive income with a traditional balanced risk profile.
^The investment objective of the Fund is to provide regular income by investing primarily in a portfolio of income-generating securities globally, and through the use of derivative instruments. Past performance is not indicative of future results. Dividend distributions, if any, are not guaranteed and are made at the manager’s discretion. The Fund seeks to achieve its investment objectives stated in the offering documents, there can be no guarantee the objectives will be met. Investors should review the fund offering document(s) before investing.
Delivering our highest-conviction ideas into a single portfolio, the Fund draws on J.P. Morgan Asset Management’s global platform to invest flexibly in income-producing securities across regions, asset classes and capital structures.
Investments involve risk. Not all investments are suitable for all investors. Please seek financial advice before investing. Securities rated below investment grade are considered high-yield/ below investment-grade. Although they might provide higher yields than higher-rated securities, they could carry risk.
It is important to understand that with the ever-changing market environment, there is not one single asset class that can consistently outperform every year. But investing in a diversified* portfolio over the longer term can help generate a more stable risk and return profile compared to holding only one asset class.
The Fund uses a global unconstrained approach and invests in more than 2,500 securities1 around the world in a highly-diversified portfolio. This allows our portfolio managers and asset class specialists to seek best sources of income while diversifying* risks.
Portfolio positioning
Source: J.P. Morgan Asset Management. The Fund is an actively managed portfolio. Holdings, sector weights, allocations and leverage, as applicable, are subject to change at the discretion of the investment manager without notice. As of 31.08.2024.
Investments involve risk. Not all investments are suitable for all investors. Please seek financial advice before investing. Securities rated below investment grade are considered high-yield / below investment-grade. Although they might provide higher yields than higher-rated securities, they could carry risk.
* Diversification does not guarantee positive returns and does not eliminate risk of loss.
1. Indicative range, subject to change from time to time.
2. Cash exposure represents both physical cash and derivative cash offset. Physical cash was 9.2% as of 31.08.2024
This table summarises the key differences of each dividend policy currently available to Singapore investors of the JPMorgan Global Income Fund.
Dividend rate is determined at the sole discretion of the management company and is subject to change from time to time. Past payout yields and payments do not represent future payout yields and payments. Positive distribution yield does not imply positive return. Dividend is not guaranteed. Please refer to further income disclosures on https://am.jpmorgan.com/sg/en/asset-management/per/.
1. Estimated annual yield is a forward looking estimate of the yield generated by the fund’s portfolio, on a gross basis.
2. What is the dividend policy of the (icdiv) share class?
The Management Company sets a pre-determined annual percentage of NAV per Share (“Dividend Rate”) to be paid as a monthly dividend that is not linked to income or capital gains. This annual percentage is based on (i) prevailing investor demand in the region where the share class is distributed and (ii) Sub-Fund level considerations. The rate is reviewed on an ongoing basis and takes in reference factors such as prevailing market and relevant payout rates in the competitive landscape.
3. What is the expected range of Dividend Rate and where can I find information about this rate?
There is no range that the Management Company targets to meet. It is the aim to pay dividends based on a pre-determined annual percentage of NAV per Share that is not linked to income or capital gains. The Management Company has the sole discretion to amend this rate from time to time. (Please refer to 2. on how the rate is determined). The pre-determined Dividend Rate is not publicly available. Upon distribution, the breakdown of distributions will be made available on http://am.jpmorgan.com/sg/en/asset-management/per/resources/forms-literature/ through the Dividend Information report.
Our new JPMorgan Global Income Fund (icdiv) share class is expected to include dividend distribution from capital as well as the gains of the share class. This ‘income and capital dividend’, or icdiv share class will have a consistent dividend distribution mechanism, presenting more flexibility with capital planning for investors seeking consistent income.
The (icdiv) share class is designed to help investors achieve their objectives by converting some of the shares in JPMorgan Global Income Fund into cash.
Try this illustrative calculator to understand the (icdiv) share class.
OUR MULTI-ASSET CAPABILITIES
110+
dedicated multi-asset investment experts1
Over USD 269bn
Multi-Asset Solutions assets under management2
50+
years of multi-asset investment experience3
1. Source: J.P. Morgan Asset Management. As of 30.06.2024. Includes portfolio managers, research analysts, traders and investment specialists with VP title and above.
2. Source: J. P. Morgan Asset Management. As of 30.06.2024. AUM figures are representative of assets managed by the multi-asset group and include AUM managed on behalf of other J.P. Morgan Asset Management investment teams..
3. Source: J. P. Morgan Asset Management. As of 30.06.2024.
JPMorgan Global Income Fund is available at the following distributors:
For Fund or Institutional enquiries, please call or email us. You can also contact your financial advisor or your J.P.Morgan Representative.