JPMORGAN STRATEGIC INCOME OPPORTUNITIES FUND
Complement your core.
Using an absolute-return-oriented approach, the Strategic Income Opportunities Fund invests flexibly across traditional, alternative and private fixed income which seeks to provide uncorrelated, low volatility returns regardless of market environment.
- Lead portfolio manager Bill Eigen maximizes the insights of his proven team of absolute return investors with niche market expertise.
- With its ability to provide uncorrelated, low volatility returns, this benchmark-agnostic portfolio may act as a diversifier to traditional fixed income, a hedged credit option or an alternative strategy.
- Historically provided strong uncorrelated returns when interest rates have been volatile and has delivered a top-quintile Sharpe ratio since inception.1
- A true portfolio diversifier that complements traditional fixed income.
PERFORMANCE DURING PERIODS OF RATE VOLATILITY
Chart source: J.P. Morgan Asset Management. Data as of 9/30/17. Past performance is no guarantee of future results.
1Source: Morningstar as of 9/30/17. Nontraditional Bond category. I Shares. Sharpe ratio measures a manager’s excess return over risk-free rate of return (normally cash return), divided by the standard deviation; Ranked: 1-yr. (158/362), 3-yrs. (97/291), 5-yrs. (24/184) and 10-yrs. n/a. Past performance does not guarantee future results.
Fees and Minimums
- Uncertified Portfolio Holdings – Strategic Income Opportunities Fund
- Brochure: J.P. Morgan's Active Advantage
- Product Guide
- Income/rising rate blend strategy
- Supplemental Data Sheet - Strategic Income Opportunities Fund
- Building stronger fixed income portfolios
- Bill Eigen's monthly update - FA
- Sales Charge / Dealer Concession Schedule
- 2016 JPMorgan Funds Capital Gains Distribution
- Quarterly CDS Disclosure File
- Quarterly Certified Holdings
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 1.00% for A Shares, 1.50% for C Shares, 0.75% for I Shares, 0.55% for R5 Shares and 0.50% 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 6/30/2018 for A Shares, 6/30/2018 for C Shares, 6/30/2018 for I Shares, 6/30/2018 for R5 Shares and 10/31/2018 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 U.S. Universal Index represents the U.S. Aggregate Index, the U.S. High-Yield Corporate Index, the 144A Index, the Eurodollar Index, the Emerging Markets Index, and the non-ERISA portion of the CMBS Index.
The BofA Merrill Lynch US 3-Month Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. The index is rebalanced monthly and the issue selected is the outstanding Treasury Bill that matures closest to, but not beyond 3 months from the rebalancing date.
The performance of the Lipper Alternative Credit Focus 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 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%.
Â©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.
Securities rated below investment grade are considered "high-yield," "non-investment grade," "below investment-grade," or "junk bonds." They generally are rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors Service. Although they can provide higher yields than higher rated securities, they can carry greater risk.
International investing bears greater risk due to social, economic, regulatory and political instability in countries in "emerging markets." This makes emerging market securities more volatile and less liquid developed market securities. Changes in exchange rates and differences in accounting and taxation policies outside the U.S. can also affect returns.
The Credit RV book is a long/short credit book which combines both traditional and derivative credit positions. This book may contain traditional IG, HY and EM cash bonds, in addition to Credit Default Swaps (both CDS and CDX), total return swaps, and other synthetic exposure. The quality breakdown will show overall exposure to various credit qualities across the fund.
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.
Duration: Measures price sensitivity of fixed income securities to interest rate changes.
Average Life: The length of time the principal of a debt issue is expected to be outstanding.