JPMorgan Short Duration Core Plus Fund - A - J.P. Morgan Asset Management
CLOSE

As of September 29, 2017, the JPMorgan Short Duration High Yield Fund has been renamed to JPMorgan Short Duration Core Plus Fund. Please see the prospectus for more details.

Designed To

Designed to deliver total return while preserving capital through a portfolio of investment grade and non-investment grade securities.

Approach

  • Employs a multi-sector approach to creating a diversified portfolio that generates total return while managing risk
  • Invests at least 65% of assets in investment grade securities while having the flexibility to invest in extended sectors - up to 35% in high yield (below investment grade) corporate debt and up to 35% in international debt
  • Seeks to maintain a duration of three years or less under most market conditions
  • Performance may vary significantly from that of the benchmark, which does not contain mortgage-related or asset backed securities

Performance

Performance widget loading ...

Fees and Minimums

Fees widget loading ...

Portfolio

Portfolio widget loading ...

Management

Fund Managers

Documents

Disclaimer

Fund exposure may be more or less than 100%.

1Please refer to the prospectus for additional information about cut-off times.

Total return assumes reinvestment of income.

The Fund's adviser and/or its affiliates have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, dividend and interest expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation and extraordinary expenses) exceed 0.64% for A Shares, 1.14% for C Shares, 0.39% for I Shares and 0.33% for R6 Shares of the average daily net assets. The Fund may invest in one or more money market funds advised by the adviser or its affiliates (affiliated money market funds). 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 9/28/2018 for A Shares, 9/28/2018 for C Shares, 9/28/2018 for I Shares and 9/28/2018 for R6 Shares, 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.

Mutual funds have fees that reduce their performance: indexes do not. You cannot invest directly in an index.

The Bloomberg Barclays 1-5YR Government/Credit Index includes the Government and Credit portions of the Barclays Agg for securities of 1-5YR maturities. The Government Index includes treasuries and agencies. The Credit Index includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements.

The performance of the Lipper Short Investment Grade Debt 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.

The Bloomberg Barclays U.S. Aggregate Index is an unmanaged index representing SEC-registered taxable and dollar denominated securities. It covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through, and asset-backed securities.

The BofA Merrill Lynch 1-5 Year U.S. Cash Pay High Yield Constrained Index contains all securities in the BofA Merrill Lynch U.S. Cash Pay High Yield Index with a remaining term to final maturity less than 5 years but caps issuer exposure at 2%.

Total return figures (for the fund and any index quoted) assume payment of fees and reinvestment of dividends (after the highest applicable foreign withholding tax) and distributions. Without fee waivers, fund returns would have been lower. Due to rounding, some values may not total 100%.

©2017, 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.
The following risks could cause the fund to lose money or perform more poorly than other investments. For more complete risk information, see the prospectus.

Because this Fund primarily invests in bonds, it is subject to interest rate risks. The Fund may invest in foreign securities, which involve special risks, including economic, political, and currency instability - especially in emerging markets. The Fund may invest in junk bonds, which are highly sensitive to economic news, and whose issuers have a less secure financial position. The Fund may also invest in certain securities such as futures contracts and other derivatives, which contribute to fund volatility.

CMOs are collateralized mortgage obligations, which are issued in multiple classes, and each class may have its own interest rate and/or final payment date. A class with an earlier final payment date may have certain preferences in receiving principal payments or earning interest. As a result, the value of some classes may be more volatile and may be subject to higher risk of nonpayment.
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.

Yield to Maturity: The rate of return anticipated on a bond if it is held until the maturity date.