JPMorgan Global Bond Opportunities Fund - J.P. Morgan Asset Management


Which is why the JPMorgan Global Bond Opportunities Fund is flexible and free from benchmark constraints.

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World Bond category overall rating as of 12/31/16

Source: Morningstar. Select Shares. Three-year rating: 4 stars, 318 funds rated. Five-year and 10-year not rated. For overall rating, 318 funds were rated. Ratings reflect risk-adjusted performance. Different share classes may have different rankings. The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics.


Without a benchmark as a starting point, the global team of over 200 fixed income experts employs its flexible “best ideas” strategy with the goal of generating attractive total returns.

Free from rigid regional or sector allocations, the Fund can adopt a conservative allocation in uncertain periods, moving tactically into higher-risk opportunities as conditions warrant. The Fund can also adapt its sensitivity to interest rates (duration) depending on the economic backdrop.

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Chart source: J.P. Morgan. The Fund is an actively managed portfolio: holdings, sector weights, allocations and leverage, as applicable, are subject to change at the discretion of the Investment Manager without notice. Data as of 12/31/16

The Global Bond Opportunities Fund seeks to deliver total returns by providing flexible, high-conviction exposure across more than 15 fixed income sectors and 50 countries.

Source: Morningstar as of 12/31/16. Select Shares. Ranked: 1-yr. (27/339), 3-yrs. (41/318) and since inception (8/313). 5-and 10-year periods n/a. Sharpe Ratio measures a manager’s excess return over the risk-free rate of return (normally the cash return), divided by the standard deviation; the Fund (Select Shares) was ranked as follows: 1 yr. (25/345), 3-yrs. (56/336) and since inception (10/313). Five- and 10-years n/a. Inception date 9/4/12. Ratings reflect risk-adjusted performance. Different share classes may have different rankings. Yield refers to SEC yield. See reverse. Shown for illustrative purposes only. Past performance is no guarantee of future results.

AT NAV1 9.52% 3.91% n/a
Bloomberg Barclays Multiverse Index2 3.31% 0.04% n/a
Lipper Global Income Funds Index3 5.35% 1.59% n/a

Performance quoted is past performance and is no guarantee of future results. Investment returns and principal value will fluctuate, so shares, when sold, may be worth more or less than original cost. Current performance may be higher or lower than returns shown. Call 1-800-480-4111 for most recent month-end performance.

Unless stated otherwise, performance data 1) do not take into account any costs associated with the issue or redemption of shares and 2) assumes that gross income is reinvested. The benchmark is for reference only; the Fund does not attempt to duplicate the composition or performance of the benchmark.

  Gross Expenses Net Expenses
Select 0.96 0.65

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 0.90% for A shares and 0.65% for Select shares of the average daily net assets. This waiver is in effect through 12/31/2017, at which time the adviser and/or its affiliates will determine whether to renew or revise it.


Must be preceded or accompanied by a prospectus.

1Total 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%.


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.

  • 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.
  • Securities rated below investment grade are considered “high-yield,” “non-investment grade,” “below investment-grade,” or “junk bonds,” and are usually rated in the fifth or lower rating categories of Standard & Poor’s and Moody’s Investors Service. Although they tend to 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 than developed market securities. Changes in exchange rates and differences in accounting and taxation policies outside the U.S. can also affect returns.

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

2The Bloomberg Barclays Multiverse Index is a measure of the international fixed-income bond market that combines the Barclays Global Aggregate Index and the Barclays Global High Yield Index. The Barclays Global Aggregate Index measures investment-grade debt from twenty-four different local currency markets. The Barclays Global High-Yield Index measures the global high-yield fixed income markets.

3The Lipper Global Income Funds Index performance includes mutual fund expenses, such as investment management fees, which are not identical to the expenses charged by the Fund.


©2017, Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (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. Lipper classification averages are calculated with all eligible share classes for each eligible classification. Lipper does not guarantee the accuracy or reliability of its data. Use this data at your own risk, without any warranty, condition, or guarantee from Lipper. This is not an offer to buy or sell securities. For details, go to J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services Inc. is a member of FINRA/SIPC.J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. Those businesses include, but are not limited to, J.P. Morgan Investment Management Inc., Security Capital Research & Management Incorporated and J.P. Morgan Alternative Asset Management, Inc.