# Product Facts - JPMorgan Core Bond Fund > Audience: country=us, language=en, role=adv. > Generated: 2026-10-02T12:19:02.024692415Z. ## Identity - **Fund Name**: JPMorgan Core Bond Fund - **Share Class Name**: JPMorgan Core Bond Fund-I - **Product Page**: [Product Page](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-core-bond-fund-i-4812c0381) - **Ticker**: WOBDX - **CUSIP**: 4812C0381 - **Fund Type**: MUTUAL FUND - **Asset Class**: Fixed Income Taxable - **Fund Inception Date**: 06/01/1991 - **Share Class Inception Date**: 06/01/1991 - **Investment Objective**: The Fund seeks to maximize total return by investing primarily in a diversified portfolio of intermediate- and long-term debt securities. ## Fund Facts - **Ticker**: WOBDX - **CUSIP**: 4812C0381 - **Share Class Number**: 3720 - **Asset Class**: Fixed Income Taxable - **Fund Inception Date**: 06/01/1991 - **Share Class Inception Date**: 06/01/1991 - **ESG Approach**: Integrated [Disclosure 1] ## Fund Stats - **NAV As of 10/01/2026**: $9.83 - **NAV Change ($) As of 10/01/2026**: $0.02 - **NAV Change (%) As of 10/01/2026**: 0.20% - **30 Day SEC Yield As of 08/31/2026**: 4.63% - **30 Day SEC Yield Unsubsidized As of 08/31/2026**: 4.51% - **12-Month Rolling Dividend Yield As of 08/31/2026**: 4.10% - **Yield to Maturity Gross As of 08/31/2026**: 5.45% [Disclosure 2] - **Yield to Maturity Net As of 08/31/2026**: 5.00% [Disclosure 2] - **Fund Assets As of 10/01/2026**: $50.62bn - **Number of Holdings As of 08/31/2026**: 3,445 - **YTD As of 10/01/2026**: -2.65% ## Portfolio Managers ### Richard Figuly - **In the industry**: 33 years - **With J.P. Morgan**: 33 years - **Managing this fund**: 11 years ### Justin Rucker - **In the industry**: 27 years - **With J.P. Morgan**: 20 years - **Managing this fund**: 7 years ### Andy Melchiorre - **In the industry**: 18 years - **With J.P. Morgan**: 14 years - **Managing this fund**: 3 years ### Edward Fitzpatrick - **In the industry**: 27 years - **With J.P. Morgan**: 13 years - **Managing this fund**: 3 years ## Commentary **As of **: 06/30/2026 ### Topline Benchmark Bloomberg US Aggregate Bond Index Markets Rates continued to rise with the 2-year portion of the curve rising most, while corporate spreads tightened. Helped Security selection in asset-backed securities and agency mortgages. Hurt Duration and curve positioning. Outlook We are cautiously optimistic and have increased the probability of continued expansion. ### Quarter in Review The JPMorgan Core Bond Fund (I Class Shares) underperformed the benchmark, the Bloomberg US Aggregate Bond Index, for the quarter ended June 30, 2026. An overweight to duration was a headwind as rates rose. A flattening yield curve was also negative, as we were positioned for a steeper curve. Two-year, five-year, and 10-year Treasuries rose 38 basis points (bps), 28bps, and 15bps respectively. An underweight to corporate credit produced negative excess returns. Benchmark corporate spreads tightened 14bps during the period. Security selection in asset-backed securities was a significant driver of positive returns. Nearly all subsectors contributed. An underweight in Treasuries was a positive driver as spread products outperformed. During the period, investment grade corporates saw excess returns of 117bps compared to Treasuries of the same duration. Security selection in agency mortgage-backed securities was a positive driver. Both our residential agency-backed mortgages and our commercial agency-backed mortgages outperformed benchmark mortgages. ### Looking Ahead We are cautiously optimistic and have increased the probability of continued expansion (and reduced contraction risk) as Middle East de-escalation lowers the odds of another oil spike; however, uncertainty remains around the concentration of growth in AI-linked activity and the lagged effects of prior energy/tariff shocks. We expect the Federal Reserve to remain on hold through year-end and see the 10-year U.S. Treasury trading in a 4.25%–4.625% range. In the current environment, we continue to emphasize carry-oriented exposures, including securitized credit for diversified yield and structural enhancement, and selective corporate credit risk with an up-in-quality tilt, while maintaining a modest duration overweight as a hedge against risk assets. ## Documents - [Factsheet: JPMorgan Core Bond Fund (I)](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/taxable-fixed-income/FS-CB-I.PDF) - [Fund Story: Core Bond Fund](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fund-story/STO-CB.pdf) - [Commentary: Core Bond Fund](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/commentary/FC-CB.PDF) - [Supplemental Data Sheet - Core Bond Fund (Monthly)](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/mfdp/MFDP-CB-1.pdf) - [JPMorgan Taxable Mutual Fund Quarterly Commentary](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/fund-announcement/jpmorgan-taxable-mutual-funds-quarterly-commentary.pdf) - [JPMorgan Taxable Mutual Fund YTD Commentary](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/fund-announcement/jpmorgan-taxable-mutual-fund-ytd-commentary.pdf) - [Attribution - Core Bond Fund](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/attribution-core-bond-fund.pdf) - [Monthly Fund Update: Core Bond Fund](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/monthly-fund-update/Mutual-Fund-Detail-Page-Core-Bond.pdf) - [Summary Prospectus](https://am.jpmorgan.com/JPMorgan/TVT/4812C0381/SP?site=JPMorganv3) - [Prospectus](https://am.jpmorgan.com/JPMorgan/TVT/4812C0381/P?site=JPMorganv3) - [Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/4812C0381/AR?site=JPMorganv3) - [Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/4812C0381/NCSR?site=JPMorganv3) - [Semi-Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/4812C0381/SAR?site=JPMorganv3) - [Semi-Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/4812C0381/NCSRS?site=JPMorganv3) - [First Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/4812C0381/QH1?site=JPMorganv3) - [Third Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/4812C0381/QH3?site=JPMorganv3) - [Statement of Additional Information](https://am.jpmorgan.com/JPMorgan/TVT/4812C0381/S?site=JPMorganv3) - [Annual Report Of Proxy Voting](https://am.jpmorgan.com/JPMorgan/TVT/4812C0381/NPX?site=JPMorganv3) ## Disclosures 1. This Fund considers financially material environmental, social and governance ("ESG") factors as part of the Fund's investment process. In actively managed assets deemed by J.P. Morgan Asset Management to be ESG integrated under our governance process, we systematically assess financially material ESG factors amongst other factors in our investment decisions with the goals of managing risk and improving long-term returns. ESG integration does not change a strategy's investment objective, exclude specific types of companies or constrain a strategy's investable universe. 2. Yield to maturity (YTM): is the estimated total return anticipated on a bond or other obligation if the obligation is held until maturity and if all payments are made as scheduled. Gross YTM is calculated by averaging the YTM of each obligation held in the portfolio (including, if any, convertible bonds, preferred securities and derivatives) on a market weighted basis without the deduction of fees and expenses. Unlike SEC Yield, Gross YTM is a representation of the estimated total return of the bonds and other obligations held in the portfolio as of the month-end shown, whereas SEC Yield approximates the current income generated by the obligations held in the portfolio over a historical 30-day period after the deduction of fees and expenses. Unlike SEC Yield, Gross YTM takes into account derivatives. Gross YTM and SEC Yield are not a guarantee nor necessarily indicative of future performance or income generation. Net YTM is calculated in the same way as Gross YTM except that Net YTM reflects the deduction of fund-level fees, expenses and, if applicable, hedging costs. Net YTM is not a guarantee nor necessarily indicative of future performance or income generation. Certain other funds may calculate YTM differently (e.g., certain other funds may include only certain types of derivatives in the calculation of YTM, whereas the YTM calculation for this fund includes all types of derivatives), and such differences could significantly impact the calculation of YTM, and therefore decrease comparability between YTM for this fund and YTM for other funds.