# Product Snapshot - JPMorgan Core Plus Bond Fund > Audience: country=us, language=en, role=adv. > Generated: 2026-10-16T03:13:31.714060745Z. ## Identity - **Fund Name**: JPMorgan Core Plus Bond Fund - **Share Class Name**: JPMorgan Core Plus Bond Fund-R6 - **Product Page**: [Product Page](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-core-plus-bond-fund-r6-4812c0134) - **Ticker Symbol**: JCPUX - **CUSIP**: 4812C0134 - **Fund Type**: MUTUAL FUND - **Asset Class**: Fixed Income Taxable ## Media ### Enhance your core. The Core Plus Bond Fund expands opportunities for returns and income by combining a broad foundation of high-quality core bonds with dynamic sector allocation and a macro overlay. - Draws on the best ideas of the entirety of J.P. Morgan’s Fixed Income platform across a wide investable universe. - Integration of bottom-up security selection with top-down analysis improves potential for attractive risk-adjusted returns and increased income. - Top quartile absolute and risk-adjusted returns over the 5-year period with an attractive SEC yield (4.85%).1 - Outperformed the Bloomberg U.S. Aggregate Index 97% of the time for rolling 5-year periods over the past 15 years.2,3 - Top decile absolute and risk-adjusted returns over the 1-year period. Competitive absolute and risk-adjusted returns1 - **Image**: [This bar chart depicts the fund's outperformance on both an absolute and risk adjusted return basis versus its benchmark over the latest 10 year period.](https://cdn.jpmorganfunds.com/content/dam/jpm-am-aem/americas/us/en/images/npe-featured-images/sto-cpb-2q26-chart.svg) [Disclosure 1] ## Fund Facts - **Ticker**: JCPUX - **CUSIP**: 4812C0134 - **Share Class Number**: 3939 - **Asset Class**: Fixed Income Taxable - **Fund Inception Date**: 03/05/1993 - **Share Class Inception Date**: 02/22/2005 - **ESG Approach**: Integrated [Disclosure 2] ## Fund Stats - **NAV As of 10/15/2026**: $6.97 - **NAV Change ($) As of 10/15/2026**: $0.04 - **NAV Change (%) As of 10/15/2026**: 0.58% - **30 Day SEC Yield As of 09/30/2026**: 5.20% - **30 Day SEC Yield Unsubsidized As of 09/30/2026**: 5.19% - **12-Month Rolling Dividend Yield As of 09/30/2026**: 5.10% [Disclosure 3] - **Yield to Maturity Gross As of 09/30/2026**: 6.82% [Disclosure 4] - **Yield to Maturity Net As of 09/30/2026**: 6.45% [Disclosure 4] - **Fund Assets As of 10/15/2026**: $25.28bn - **Number of Holdings As of 09/30/2026**: 2,872 - **YTD As of 10/15/2026**: -1.03% ## Fees & Charges ### Fees - **Gross Expenses**: 0.38% - **Net Expenses**: 0.37% [Disclosure 5] ## Investment Terms ### Minimum Investments #### IRA - **Minimum Investment**: $15 Mn - **Subsequent Investment**: No Minimum #### Regular - **Minimum Investment**: $15 Mn - **Subsequent Investment**: No Minimum ## Portfolio Managers ### Kay Herr - **Biography**: [Biography](https://am.jpmorgan.com/us/en/asset-management/adv/bios/kay-herr/) - **In the industry**: 32 years - **With J.P. Morgan**: 27 years - **Managing this fund**: 3 years ### Richard Figuly - **Biography**: [Biography](https://am.jpmorgan.com/us/en/asset-management/adv/bios/richard-figuly/) - **In the industry**: 33 years - **With J.P. Morgan**: 33 years - **Managing this fund**: 20 years ### Andrew Norelli - **Biography**: [Biography](https://am.jpmorgan.com/us/en/asset-management/adv/bios/andrew-norelli/) - **In the industry**: 25 years - **With J.P. Morgan**: 14 years - **Managing this fund**: 12 years ### Thomas Hauser - **Biography**: [Biography](https://am.jpmorgan.com/us/en/asset-management/adv/bios/thomas-hauser/) - **In the industry**: 33 years - **With J.P. Morgan**: 22 years - **Managing this fund**: 6 years ### Priya Misra - **Biography**: [Biography](https://am.jpmorgan.com/us/en/asset-management/adv/bios/priya-misra/) - **In the industry**: 25 years - **With J.P. Morgan**: 3 years - **Managing this fund**: 2 years ### Vikas Pathani - **Biography**: [Biography](https://am.jpmorgan.com/us/en/asset-management/adv/bios/vikas-pathani/) - **In the industry**: 22 years - **With J.P. Morgan**: 22 years - **Managing this fund**: 1 year ## Ratings ### Morningstar Overview Ratings - **Category: **: Intermediate Core-Plus Bond - **As of **: 09/30/2026 - **Overall**: 4 of 5 stars - **Funds in Category**: 495 Funds in Category - **3 Year**: 4 of 5 stars - **Funds in Category**: 495 Funds in Category - **5 Year**: 4 of 5 stars - **Funds in Category**: 453 Funds in Category - **10 Year**: 4 of 5 stars - **Funds in Category**: 351 Funds in Category [Disclosure 6] ### Morningstar Overview Ranking - **Category: **: Intermediate Core-Plus Bond - **As of **: 09/30/2026 - **1 Year**: Rank 41 - **Funds in Category**: 549 Funds in Category - **Group Percentile**: 11% - **3 Year**: Rank 59 - **Funds in Category**: 495 Funds in Category - **Group Percentile**: 15% - **5 Year**: Rank 66 - **Funds in Category**: 453 Funds in Category - **Group Percentile**: 22% - **10 Year**: Rank 79 - **Funds in Category**: 351 Funds in Category - **Group Percentile**: 28% [Disclosure 7] ### Morningstar Summary Rating - **Category: **: Intermediate Core-Plus Bond - **As of **: 09/30/2026 - **Overall**: 4 of 5 stars - **Funds in Category**: 495 Funds in Category [Disclosure 8] ### Morningstar Medalist Rating - **Morningstar Medalist Rating™**: Gold - **As of **: 08/17/2026 - **Category: **: Intermediate Core-Plus Bond - **Analyst-Driven %: **: 100 - **Data Coverage %: **: 100 [Disclosure 9] ### Lipper Rankings: Core Plus Bond Funds - **As of**: 09/30/2026 - **1 Year**: Rank 28 - **Funds in Category**: 340 Funds in Category - **Group Percentile**: 9% - **3 Year**: Rank 36 - **Funds in Category**: 295 Funds in Category - **Group Percentile**: 13% - **5 Year**: Rank 43 - **Funds in Category**: 278 Funds in Category - **Group Percentile**: 16% - **10 Year**: Rank 50 - **Funds in Category**: 206 Funds in Category - **Group Percentile**: 25% [Disclosure 10] ## Portfolio ### Portfolio Stats - **Number of Holdings** (As of 09/30/2026): 2,872 - **Fund Assets** (As of 09/30/2026): $25.20bn - **Turnover Ratio (Trailing 12 month) (2/28/2026)**: 62.00% - **Yield to Maturity Gross** (As of 09/30/2026): 6.82% - **Yield to Maturity Net** (As of 09/30/2026): 6.45% - **Average Life** (As of 09/30/2026): 8.30 years - **Duration** (As of 09/30/2026): 5.85 years ### Top 10 Holdings _As of 09/30/2026_ | Holding | Weight | | --- | ---: | | U.S. Treasury Notes, 3.63%, 08/31/2029 | 1.3% | | GNMA II, Single Family, 30 Year, 5.00%, 10/15/2056 | 0.9% | | U.S. Treasury Notes, 3.63%, 08/31/2030 | 0.9% | | U.S. Treasury Notes, 4.25%, 11/15/2034 | 0.8% | | U.S. Treasury Bonds, 4.50%, 11/15/2054 | 0.7% | | U.S. Treasury Notes, 0.50%, 08/31/2027 | 0.7% | | U.S. Treasury Bonds, 4.00%, 11/15/2042 | 0.6% | | U.S. Treasury Notes, 1.13%, 10/31/2026 | 0.6% | | FNMA/FHLMC UMBS, Single Family, 30 Year, 5.50%, 10/25/2056 | 0.5% | | U.S. Treasury Bonds, 4.87%, 08/15/2045 | 0.5% | | Total of top 10 | 7.5% | [Disclosure 11] ### Quality _As of 09/30/2026_ | Quality | Quality | | --- | ---: | | AAA | 43.6% | | AA | 5.8% | | A | 11.3% | | BBB | 12.8% | | BB | 9.4% | | B | 2.1% | | CCC or Lower | 0.3% | | Not Rated | 14.7% | [Disclosure 12] ### Average Life _As of 09/30/2026_ | Average Life | Average Life | | --- | ---: | | Less than one year | 11.1% | | Years 1-3 | 24.3% | | Years 3-5 | 23.4% | | Years 5-7 | 12.6% | | Years 7-10 | 25.6% | | Years 10-20 | 8.3% | | Years 20-30 | 9.8% | | Years 30+ | 0.2% | | Duration | 5.85 years | | Average Life | 8.30 years | [Disclosure 13] ## Commentary **As of **: 06/30/2026 ### Topline Benchmark Bloomberg US Aggregate Index Markets In the second quarter, risk sentiment improved, as Middle East tensions continued to de-escalate, and oil prices retraced after peaking in April. Rates moved modestly higher. The 10-year U.S. Treasury yield ended the quarter at 4.47%, up from 4.31% at March-end, as markets weighed energy-driven inflation volatility, resilient growth and a Federal Reserve (Fed) that remained on hold but adopted a more hawkish tone. Helped Securitized credit (asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), non-agency mortgage-backed securities (MBS), high yield corporates, emerging markets (EM) debt and agency mortgages were positive contributors. Hurt Duration and curve positioning detracted from performance. Outlook Our base case remains continued expansion, with risks modestly skewed to the upside, as geopolitical tensions have eased, and energy has become less of an inflation impulse. We expect the Fed to remain on hold through year-end and see the 10-year U.S. Treasury trading in a 4.25%–4.625% range, while monitoring labor market conditions and the durability of AI-driven growth. ### Quarter in Review The JPMorgan Core Plus Bond Fund (I Class Shares) outperformed its benchmark, the Bloomberg US Aggregate Index, in the second quarter of 2026. The Fund's allocation to securitized credit was the primary driver of excess return, led by strong carry in ABS and CMBS. An out-of-benchmark allocation to high yield corporates added value, supported by healthy balance sheets, solid revenue and EBITDA growth, and broad-based spread tightening. Emerging markets debt contributed as spreads tightened, aided by resilient global growth and easing energy-related concerns later in the second quarter. Agency mortgages were a modest positive contributor, reflecting selective positioning across the coupon stack. An out-of-benchmark allocation to agency CMBS provided an additional tailwind to performance. Investment-grade credit performance was flat; an underweight versus the benchmark modestly detracted, partially offset by strong security selection. We continue to favor financials, where we see attractive carry opportunities. Duration and curve positioning detracted, as rates ended modestly higher. The Fund reduced its duration overweight, finishing June at 5.98 years versus 5.84 years for the benchmark. ### Looking Ahead We are cautiously optimistic and 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 Fed 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 Plus Bond Fund (R6)](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/taxable-fixed-income/FS-CPB-R6.PDF) - [Fund Story: Core Plus Bond Fund](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fund-story/STO-CPB.pdf) - [Commentary: Core Plus Bond Fund](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/commentary/FC-CPB.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) - [Monthly Fund Update: Core Plus Bond Fund](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/monthly-fund-update/Mutual-Fund-Detail-Page-Core-Plus-Bond.pdf) - [Summary Prospectus](https://am.jpmorgan.com/JPMorgan/TVT/4812C0134/SP?site=JPMorganv3) - [Prospectus](https://am.jpmorgan.com/JPMorgan/TVT/4812C0134/P?site=JPMorganv3) - [Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/4812C0134/AR?site=JPMorganv3) - [Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/4812C0134/NCSR?site=JPMorganv3) - [Semi-Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/4812C0134/SAR?site=JPMorganv3) - [Semi-Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/4812C0134/NCSRS?site=JPMorganv3) - [First Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/4812C0134/QH1?site=JPMorganv3) - [Third Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/4812C0134/QH3?site=JPMorganv3) - [Statement of Additional Information](https://am.jpmorgan.com/JPMorgan/TVT/4812C0134/S?site=JPMorganv3) - [Annual Report Of Proxy Voting](https://am.jpmorgan.com/JPMorgan/TVT/4812C0134/NPX?site=JPMorganv3) ## Disclosures 1. Chart source: Morningstar, J.P. Morgan Asset Management; data as of 6/30/26. Intermediate Core-Plus Bond category. I shares. Shown for illustrative purposes only. Past performance is no guarantee of future returns. 1 I shares: Minimum eligibility requirements for the I share class apply; please see prospectus for further details. The Fund was ranked: 1-yr. (31/541), 3-yrs. (118/499), 5-yrs. (83/463) and 10-yrs. (109/355). SEC yield (unsubsidized), 4.68%; as of 6/30/26. Sharpe ratio measures a manager’s excess return over the risk-free rate of return (normally the cash return), divided by the standard deviation: 1-yr. (35/547), 3-yrs. (128/512), 5-yrs. (78/481) and 10-yrs. (143/428). Ratings reflect risk-adjusted performance. Different share classes may have different ratings and rankings. 2 I shares: Morningstar; as of 6/30/26. Bloomberg U.S. Aggregate Index is the primary prospectus benchmark. Five-year monthly windows over the past 10 years as of 6/30/26. Must be preceded or accompanied by a prospectus. 2. 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. 3. The 12-Month Rolling Dividend Yield represents the sum of the dividend yield (non-annualized) for the 12 most recent regularly declared income dividends as well as any special income distributions in the intervening period. Dividend yield (non-annualized) is calculated by dividing the dividend per share by the net asset value per share as of the relevant ex-dividend date. 4. 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. 5. The Fund's adviser has contractually agreed to waive fees and/or reimburse expenses in an amount sufficient to offset the fees and expenses of the affiliated money market funds incurred by the Fund because of the Fund's investment in such money market funds. This waiver is in effect through 6/30/2027, at which time the adviser and/or its affiliates will determine whether to renew or revise it. The difference between net and gross fees includes all applicable fee waivers and expense reimbursements. 6. Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. 7. The ranking information is provided by Morningstar. Past performance is no guarantee of future results. Rankings are calculated based upon the total returns of multiple share classes within their respective Morningstar category. Different share classes may have different rankings. 8. Morningstar overall rating 4 stars, Class R6; Intermediate Core-Plus Bond Category; 495 funds. Three-year rating 4 stars; 495 funds. Five-year rating 4 stars; 453 funds. Ten-year rating 4 stars; 351 funds. Ratings reflect risk-adjusted performance. Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. 9. The Morningstar Medalist RatingTM is a summary expression of Morningstar's forward-looking analysis of investment strategies using a rating scale of Gold, Silver, Bronze, Neutral and Negative. Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with fees, forms the basis for Morningstar's conviction in those products' investment merits and determines the Medalist Rating assigned. Products are sorted by expected performance into rating groups defined by their Morningstar Category and their active or passive status. Analyst-covered products are assigned the three pillar ratings based on the analyst's qualitative assessment, subject to the Analyst Rating Committee's oversight, monitored and reevaluated at least every 14 months. Ratings are assigned monthly for vehicles covered either indirectly by analysts or by algorithm. For more detailed information including methodology, please go to global.morningstar.com/managerdisclosures.Ratings and rankings should not be used as the sole basis in evaluating an investment product and should not be considered an offer or solicitation to buy or sell the investment product.©2026Morningstar Inc. All rights reserved. Morningstar information is proprietary to Morningstar and/or its content providers, may not be copied or distributed and is not warranted to be accurate, complete or timely. 10. The ranking information is provided by Lipper Analytical Services. Past performance is no guarantee of future results. Rankings are calculated based upon the total returns of multiple share classes within their respective Lipper category. Different share classes may have different rankings. 11. The top 10 holdings listed exclude cash and money markets. Holdings are subject to change. The holdings listed should not be considered recommendations to purchase or sell a particular security. Each individual security is calculated as a percentage of the aggregate market value of the securities held in the Fund and does not include the use of derivative positions, where applicable. 12. Due to rounding, values may not total 100%. The manager uses credit quality ratings on underlying securities of the portfolio from five major ratings agencies - S&P, Moody's, Fitch, Kroll and DBRS Morningstar. When calculating the credit quality breakdown, the manager selects the highest rating of the agencies that have provided a securities rating. Securities that are not rated by any of the five agencies are reflected as not rated. Certain holdings may not be included due to de minimis values and rounding. Values may not total 100%. 13. Duration: Measures price sensitivity of fixed income securities to interest rate changes. Fund exposure may be more or less than 100%. Average Life: The length of time the principal of a debt issue is expected to be outstanding.