Top active managers have outperformed passive indices over time
With 80% of core and core plus managers outperforming the Bloomberg U.S. Aggregate Index over the past 10 years, active management has been proven effective. Identifying active managers with well-established philosophies can increase the chances of positive outcomes.
Source: Morningstar, J.P. Morgan Asset Management analysis; chart reflects the most recently available data as of January 31, 2025. Analysis includes mutual funds in the Morningstar intermediate core and intermediate core plus categories with a primary prospectus benchmark of the Bloomberg US Aggregate Bond Index. Only includes primary share classes as defined by Morningstar. Past performance is not indicative of future returns.
The Power of Active Fixed Income
Our active fixed income strategies have a strong track record of industry-leading performance
Aim to outperform the Agg with our Active Fixed Income ETFs
Designed to meet the demands of today’s investors, our industry-leading Active Fixed Income ETFs provide exposure to more opportunities than passive strategies
The Power of Active Fixed Income ETFs
- Why active management matters in fixed income
- Understand the growth and complexity of fixed income markets
- Benefits of accessing fixed income through Active Fixed Income ETFs
JBND Performance
JCPB Performance
JPIE Performance
1 Source: ETF AUM data as of September 30, 2025. AUM incudes all active fixed income funds that sit in Global Fixed Income, Currency and Commodities at J.P. Morgan Asset Management in addition to JPST which sits in Global Liquidity.
2 Source: SS Market Intelligence SIMFUND as of August 31, 2024. JPMorgan Ranked #1 of 75 Managers for Active ETF AUM within Morningstar's Taxable Bond and Municipal Bond US Category Groups.
RISK SUMMARY
Investments in bonds and other debt securities will change in value based on changes in interest rates. If rates rise, the value of these investments generally drops.
JCPB: The value of investments in mortgage-related and asset-backed securities will be influenced by the factors affecting the housing market and the assets underlying such securities. The securities may decline in value, face valuation difficulties, become more volatile and/or become illiquid. They are also subject to prepayment risk, which occurs when mortgage holders refinance or otherwise repay their loans sooner than expected, creating an early return of principal to holders of the loans.
JBND: Investments in asset-backed, mortgage-related and mortgage-backed securities are subject to certain risks including prepayment and call risks, resulting in an unexpected capital loss and/or a decrease in the amount of dividends and yield. During periods of difficult credit markets, significant changes in interest rates or deteriorating economic conditions, such securities may decline in value, face valuation difficulties, become more volatile and/or become illiquid.
JPIE: Securities rated below investment grade are considered "high-yield," "non-investment grade," "below investment-grade," or "junk bonds." They generally are rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors Service. Although they can provide higher yields than higher rated securities, they can carry greater risk.