JPM US Aggregate Bond Fund A Dis USD

JPM 美國複合收益債券基金 A類 Dis 美元

LU0117838564

Risk Rating: Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

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Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

0.9%

(maximum 3.0%)

HKD10,000.00Min. Subscription

HKD / JPY / EUR / GBP / RMB / USD / NZD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD16,000.00

Daily

16:30

2019-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
-0.72%
3 mth
+2.37%
6 mth
+5.92%
1 yr
+9.26%
3 yr
+7.45%
5 yr
+14.91%

Analytical Figures (3 years)

Annualized Return
+2.42%
Annualized Volatility
+3.29%
Sharpe Ratio
+0.35

Fund Information

Fund Houses
JPMorgan Funds (Asia) Ltd.
Launch Date
2000-09-14
Fund Manager
Peter D. Simons
Barbara E. Miller
Richard D. Figuly
Manager Start Date
Peter D. Simons (Start Date: 2015-01-01) Barbara E. Miller (Start Date: 2015-01-01) Richard D. Figuly (Start Date: 2016-11-22)
Geographical Focus
US
Asset Class/ Sector
Fixed Income - Investment grade
Risk Rating
Risk Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-09-18)
USD 3,687,345,601.78
Management Fee
0.9% (maximum 3.0%)
Latest Dividend
USD 0.240000 (2019-09-04)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

0.9%

(maximum 3.0%)

HKD10,000.00Min. Subscription

HKD / JPY / EUR / GBP / RMB / USD / NZD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD16,000.00

Daily

16:30

2019-09-30

Dividend Records

Dividend DateDividend Records (USD)
2019-09-040.240000
2018-09-040.230000
2017-09-110.110000
2016-08-310.370000
2015-09-150.340000
2014-09-160.410000
2013-09-120.230000
2012-09-120.530000
2011-09-140.510000
2010-09-150.800000
2009-09-010.530000
2008-09-010.550000
2007-09-090.430000
2006-09-070.390000
2005-07-040.330000
2004-07-260.230000
2003-07-270.310000
2003-07-240.310000
2002-07-250.350000
2001-07-160.210000

Investment Objective

To achieve a return in excess of US bond markets by investing primarily in US investment grade debt securities.

Nature and Extent of Risks

Investment involves risk. Please refer to the offering document(s) for details, including the risk factors.
1.Emerging markets risk
In emerging markets, the legal judicial and regulatory infrastructure is still developing but there is much legal uncertainty. Some markets may carry higher risks for investors who should therefore ensure that they understand the risks involved and are satisfied that an investment is suitable as part of their portfolio.
2.Single country risk
The Fund invests in a single market, which can be subject to particular political and economic risks. Also the focused investment limits the room for risk diversification within the Fund, therefore the volatility may be high. As a result, investors may get back less than they originally invested.
3.Investment grade bonds risk
Investment grade bonds are assigned ratings within the top rating categories. Rating agencies review such assigned ratings and bonds may therefore be downgraded in rating if economic circumstances impact the relevant bond issues.
4.Below investment grade/unrated investment risk
The Fund may invest in debt securities which are unrated or with ratings below investment grade. Accordingly, such investment will be accompanied by a higher degree of credit and liquidity risks than is present with investment in higher rated securities. During economic downturns such bonds typically fall more in value than investment grade bonds as such are often subject to a higher risk of issuer default. The net asset value of the Fund may decline or be negatively affected if there is a default of any of the below investment grade/unrated debt securities (e.g. some high yield bonds) that the Fund invests in or if interest rates change.
5.Credit risk
If the issuer of any of the securities in which the Fund’s assets are invested defaults, the performance of the Fund will be adversely affected and the Fund could suffer substantial loss. For debt securities, a default on interest or principal may adversely impact the performance of the Fund. Decline in credit quality of the issuer may adversely affect the valuation of the relevant bonds and the Fund. The credit ratings assigned by credit rating agencies do not guarantee the creditworthiness of the issuer.
6.Sovereign risk
The Fund may invest in debt securities (“Sovereign Debt”) issued or guaranteed by governments or their agencies (“governmental entities”). Governmental entities may default on their Sovereign Debt. Holders of Sovereign Debt, including a fund, may be requested to participate in the rescheduling of such debt and to extend further loans to governmental entities. There is no bankruptcy proceeding by which Sovereign Debt on which a governmental entity has defaulted may be collected in whole or in part. As a result, investors may get back less than they originally invested.
7.Interest rate risk
Interest rates in the countries in which the Fund’s assets will be invested may be subject to fluctuations. Any such fluctuations may have a direct effect on the income received by the Fund and its capital value. Bonds are particularly susceptible to interest rate changes and may experience significant price volatility. The prices of bonds generally increase when interest rates decline and decrease when interest rates rise. Longer term bonds are usually more sensitive to interest rate changes. As a result, investors may get back less than they originally invested.
8.Asset Backed Securities (“ABS”) and Mortgage Backed Securities (“MBS”) risk
ABS and MBS are securities that entitle the holders thereof to receive payments that are primarily dependent upon the cash flow arising from a specified pool of financial assets. The obligations associated with these securities may be subject to greater credit, liquidity and interest rate risk compared to other debt securities such as government issued bonds. ABS and MBS are often exposed to extension and prepayment risks that may have a substantial impact on the timing and size of the cashflows paid by the securities and may negatively impact the returns of the securities.
9.Investment risk
The value of the Fund’s holdings may fall. Investors may be subject to substantial losses.
10.Liquidity risk
Lack of liquidity may adversely affect the ease of disposal of assets. The absence of reliable pricing information in a particular security held by the Fund may make it difficult to access reliably the market value of assets. As a result, investors may get back less than they originally invested.
11.Payment of distributions out of capital risk
The Fund may at its discretion pay dividends out of capital. The Fund may also at its discretion pay dividends out of gross income while charging all or part of the Fund’s fees and expenses to the capital of the Fund, resulting in an increase in distributable amount for the payment of dividends and therefore, effectively paying dividends out of realised, unrealised capital gains or capital. Investors should note that, share classes of the Fund which pay dividends may distribute not only investment income, but also realised and unrealised capital gains or capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment, as a result, the capital that the Fund has available for investment in the future and capital growth may be reduced. Any dividend payments, irrespective of whether such payment is made up or effectively made up out of income, realised and unrealised capital gains or capital, may result in an immediate reduction of the net asset value per share. A high distribution yield does not imply a positive or high return on the total investment.

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