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JPMORGAN CORE PLUS BOND FUND

Enhance your core.

Built on a foundation of high-quality bonds, the Core Plus Bond Fund applies dynamic sector allocation with a macro overlay to expand opportunities for risk-adjusted returns and income in multiple market environments.

HIGHLIGHTS

Key points

  • Combines rigorous, bottom-up security selection with macro analysis to improve prospects for risk-adjusted returns and income.
  • Draws upon the best ideas across the entirety of J.P. Morgan’s Fixed Income platform.
  • Competitive returns: top-quintile performance for the three-, five- and 10-year periods.1
  • Disciplined exposure to extended sectors has provided yield advantage: yield ranks in top-quartile of its Morningstar category: 3.02% 12-month yield; 2.89% SEC yield.2

1 Morningstar as of 12/31/15. Select Shares. Ranked as follows: one-year (500/1042), three-year (109/947), five year (127/829), and ten year (81/595). Ratings reflect risk-adjusted performance. Different share classes may have different ratings and rankings.

2 For Select Shares as of 12/31/15; 2.84% SEC yield (unsubsidized). Must be preceded or accompanied by a prospectus.


Strong foundation for multiple environments

The Fund seeks an information advantage by leveraging the insights of 200+ investment professionals. It combines two different strategies as it aims to deliver strong risk-adjusted returns:

Bottom-Up: Rigorous security selection uncovers value and opportunities for yield across sectors, including extended sectors, which can enhance returns.

Top-Down: Macro analysis guides yield curve position, duration and portfolio risk.

The result is a fund focused on capturing upside in risk-on markets while minimizing downside in risk-off markets.

The advantages of a core plus diversifier

Andrew Norelli, portfolio manager, says that if the riskier portions of a portfolio go down, a Core Plus Diversifier provides investors with ballast by using a thoughtful yield enhancement process.

Performance

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Fees and Investment Minimums

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Portfolio

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Management

Fund Managers

For more information about this fund, please see the commentary posted below. 
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Disclaimer

Please refer to the prospectus for additional information about cut-off times.

Total return assumes reinvestment of income.

The quoted performance of the Fund includes performance of a predecessor fund/share class prior to the Fund's commencement of operations. Please refer to the current prospectus for further information.

The Barclays U.S. Aggregate Index is an unmanaged index that represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. An individual cannot invest directly in an index.

The performance of the Lipper Core Plus Bond Funds Index includes expenses associated with a mutual fund, such as investment management fees. These expenses are not identical to the expenses charged by the Fund.

Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees and/or reimbursement of certain expenses for certain periods since the inception date. If fees had not been waived and/or certain expenses were not reimbursed, performance would have been less favorable.

©2016, American Bankers Association, CUSIP Database provided by the Standard & Poor's CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. All rights reserved.
©2016, Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar Rating™ metrics are calculated monthly by subtracting 90-day Treasury return from the fund's load-adjusted return and adjusting for risk. Stars are awarded as follows: top 10% of funds, 5 stars; next 22.5%, 4 stars; next 35%, 3 stars; next 22.5%, 2 stars; bottom 10%, 1 star. Morningstar Ratings are based on 3, 5 and 10 year metrics. Different share classes may have different ratings.
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.

Ordinarily, the Fund will invest at least 80% of its total assets in bonds, both domestic and foreign.

Under normal conditions at least 65% of the Fund's total assets must be invested in securities that are, at the time of purchase, rated investment grade.

The Fund may invest in foreign and emerging markets debt securities that are rated below investment grade (i.e. high yield or junk bonds) or the unrated equivalent. Under normal circumstances the Fund will not invest more than 35% of its total assets in below investment grade securities. They generally are rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors Service.

The Fund may invest up to 35% of its total assets in foreign and emerging markets.

The Fund may also invest in securities issued or guaranteed by foreign governmental entities (known as sovereign debt securities). Sovereign debt securities are subject to the risk of payment delay or defaults, and are subject to risks related to large debt positions relative to the country's economy or failure to implement economic reforms.

The Fund may invest in futures contracts and derivatives. Many derivatives create leverage that can cause the Fund to be more volatile than it would be if it had not used derivatives.

The Fund's investment in equity securities may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. When the value of a fund's securities goes down, an investment in a fund decreases in value.
Total return assumes reinvestment of income.

The top 10 holdings listed reflect only the Fund's long-term investments. Short-term investments are excluded. 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.