# Product Facts - JPMorgan Income Builder Fund > Audience: country=us, language=en, role=adv. > Generated: 2026-10-02T19:07:30.550332809Z. ## Identity - **Fund Name**: JPMorgan Income Builder Fund - **Share Class Name**: JPMorgan Income Builder Fund-I - **Product Page**: [Product Page](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-income-builder-fund-i-4812a3254) - **Ticker**: JNBSX - **CUSIP**: 4812A3254 - **Fund Type**: MUTUAL FUND - **Asset Class**: Asset Allocation - **Fund Inception Date**: 05/31/2007 - **Share Class Inception Date**: 05/31/2007 - **Investment Objective**: The Fund seeks to maximize income while maintaining prospects for capital appreciation. ## Fund Facts - **Ticker**: JNBSX - **CUSIP**: 4812A3254 - **Share Class Number**: 3040 - **Asset Class**: Asset Allocation - **Fund Inception Date**: 05/31/2007 - **Share Class Inception Date**: 05/31/2007 - **ESG Approach**: Integrated [Disclosure 1] ## Fund Stats - **NAV As of 10/01/2026**: $10.56 - **NAV Change ($) As of 10/01/2026**: $0.00 - **NAV Change (%) As of 10/01/2026**: 0.00% - **30 Day SEC Yield As of 08/31/2026**: 5.56% - **30 Day SEC Yield Unsubsidized As of 08/31/2026**: 5.36% - **12-Month Rolling Dividend Yield As of 08/31/2026**: 5.97% - **Fund Assets As of 10/01/2026**: $8.53bn - **Number of Holdings As of 08/31/2026**: 2,867 - **YTD As of 10/01/2026**: 5.34% ## Portfolio Managers ### Michael Schoenhaut - **In the industry**: 29 years - **With J.P. Morgan**: 29 years - **Managing this fund**: 19 years ### Eric Bernbaum - **In the industry**: 18 years - **With J.P. Morgan**: 18 years - **Managing this fund**: 11 years ### Gary Herbert - **In the industry**: 34 years - **With J.P. Morgan**: 6 years - **Managing this fund**: 5 years ## Commentary **As of **: 08/31/2026 ### Topline Benchmark 60% MSCI World Index/40% Bloomberg US Aggregate Bond Index. Markets August was a strong month for global equities, underpinned by healthy earnings momentum among mega-cap technology companies. Global government bonds ended the month broadly flat, albeit with elevated volatility. The MSCI World Index returned 2.58%; the Bloomberg US Aggregate Bond Index returned 0.39%; and the 10-year U.S. Treasury finished at 4.75%. Helped Allocations across global equities contributed positively, led by U.S. equities, as strong earnings growth and continued AI-related investment supported market returns. Hurt Allocation to Treasury futures detracted from relative performance, amid higher policy rate expectations and continued volatility in global interest rates. Outlook The global growth outlook remains constructive, underpinned by robust growth across developed markets, strong earnings momentum and continued strength in AI monetization. We expect the Fed to remain on hold through year-end, though we can foresee a short-lived mid-cycle hike should it fall on the hawkish side. ### Month in Review The JPMorgan Income Builder Fund (I Class Shares) underperformed its composite benchmark, the 60% MSCI World Index/40% Bloomberg US Aggregate Bond Index, for the month ended August 31, 2026. U.S. equities rebounded, returning 2.7%, as economic data remained resilient and corporate earnings exceeded expectations. Nvidia's latest earnings report reinforced confidence in ongoing AI-related spending, helping drive a rebound in semiconductor and broader technology shares. Additionally, the U.S. Composite PMI reached a 52-month high, reflecting continued strength in domestic economic activity and supporting investor sentiment. The July Federal Open Market Committee minutes were broadly balanced, with policymakers leaving rates unchanged at 3.50%–3.75%. Markets were left split on the likelihood of a September rate increase, while expectations for additional tightening remained relatively modest. Emerging markets also advanced, returning 3.4% during the month, supported by continued strength in AI and semiconductor stocks, particularly in Taiwan and South Korea. Fixed-income markets generated modest positive returns, although performance varied across sectors and regions. Corporate credit outperformed as spreads tightened, while government bond returns were more mixed, amid changing rate expectations, energy price volatility and central bank commentary. ### Looking Ahead We remain constructive on equities overall, with a modest overweight to the U.S., supported by resilient economic growth, healthy corporate earnings and broadening profit growth across sectors. While AI-related investment continues to support technology earnings, market leadership has expanded beyond a narrow group of large-cap technology companies, creating opportunities across sectors and regions. We continue to favor credit, supported by solid corporate fundamentals and attractive income opportunities. Global investment-grade and high-yield credit remain supported by healthy balance sheets and resilient economic conditions, while select emerging markets debt may benefit from a weaker U.S. dollar environment. We continue to diversify our corporate credit allocation with asset-backed securities, commercial mortgage-backed securities and emerging markets debt, while using government-bond duration as ballast. We maintain an active stance in the portfolio, as market volatility may remain elevated, amid geopolitical tensions, evolving inflation dynamics and shifting central bank policy expectations. With both inflation and growth risks remaining uncertain, maintaining diversification across asset classes, regions and styles remains essential. ## Documents - [Factsheet: JPMorgan Income Builder Fund (I)](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/asset-allocation/FS-INCB-I.PDF) - [Commentary: Income Builder Fund](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/commentary/FC-INCB.PDF) - [Supplemental Data Sheet - Income Builder Fund (Monthly)](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/mfdp/MFDP-INCB-1.PDF) - [Summary Prospectus](https://am.jpmorgan.com/JPMorgan/TVT/4812A3254/SP?site=JPMorganv3) - [Prospectus](https://am.jpmorgan.com/JPMorgan/TVT/4812A3254/P?site=JPMorganv3) - [Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/4812A3254/AR?site=JPMorganv3) - [Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/4812A3254/NCSR?site=JPMorganv3) - [Semi-Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/4812A3254/SAR?site=JPMorganv3) - [Semi-Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/4812A3254/NCSRS?site=JPMorganv3) - [First Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/4812A3254/QH1?site=JPMorganv3) - [Third Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/4812A3254/QH3?site=JPMorganv3) - [Statement of Additional Information](https://am.jpmorgan.com/JPMorgan/TVT/4812A3254/S?site=JPMorganv3) - [Annual Report Of Proxy Voting](https://am.jpmorgan.com/JPMorgan/TVT/4812A3254/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.