JPMorgan Funds - Emerging Markets Corporate Bond Fund D (div) - EUR (hedged)
JPMorgan Funds (SICAV domiciled in Luxembourg)
Key Information
Legal Documents

Fund Profile

Category: SICAV

To achieve a return in excess of corporate bond markets of emerging market countries by investing primarily in emerging market corporate debt securities, using derivatives where appropriate. Investment approach B Uses a globally integrated research driven investment process that focuses on analysing fundamental, quantitative and technical factors across countries, sectors and issuers. B Combines top-down decision making – including country and sector allocation – with bottom-up security selection. Share Class Benchmark J.P. Morgan Corporate Emerging Markets Bond Index Broad Diversified (Total Return Gross) Hedged to EUR Benchmark uses B Performance comparison. The Sub-Fund may bear little resemblance to the benchmark. B Basis for relative VaR calculations. POLICIES Main investment exposure At least 67% of assets invested, either directly or through derivatives, in corporate debt securities issued by companies that are domiciled, or carrying out the main part of their economic activity, in an emerging market country. There are no credit quality or maturity restrictions applicable to the debt securities and the Sub-Fund may be concentrated in a limited number of emerging market corporate issuers. The Sub-Fund may also invest in debt securities issued or guaranteed by governments of emerging market countries. Other investment exposures Up to 10% in contingent convertible bonds. Derivatives Used for: investment purposes; hedging; efficient portfolio management. Types: see Sub-Fund Derivatives Usage table under How the Sub-Funds Use Derivatives, Instruments and Techniques in the Prospectus. TRS including CFD: none. Global exposure calculation method: relative VaR. Expected level of leverage from derivatives: 25% Indicative only. Leverage may significantly exceed this level from time to time. Currencies Sub-Fund Base Currency: USD. Currencies of asset denomination: any. Hedging approach: flexible. This Share Class seeks to minimise the effect of exchange rate fluctuations between the Sub-Fund's Base Currency and the Share Class Currency. Redemption and Dealing Shares of the Sub-Fund may be redeemed on demand, with dealing normally on a daily basis. Distribution Policy This Share Class normally pays a quarterly dividend based on an estimate of the Sub-Fund's annual yield before deduction of annual fees. It prioritises dividend payments over capital growth and will typically distribute more than the income earned. For an explanation of some of the terms used in this document, please visit the glossary on our website at

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
Lower Risk
Possible Lower
Higher Risk
Possible Higher
Key Information
Closing Price 25/11/202061.30
Morningstar categoryGlobal Emerging Markets Corporate Bond EUR
Distribution statusDistributing
Inception Date02/12/2011
Minimum initial amount1,000.00 EUR
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.74% of which none is paid to MeDirect
Fund management company
AddressJPMorgan Asset Management (Europe) S.à r.l. European Bank & Business Centre 6, route de Trèves Luxembourg L-2633 Luxembourg
Manager NamePierre-Yves Bareau
Manager Start Date14/07/2010
Total Net Assets (mil)1,033.42 EUR (31/10/2020)
AdministratorJPMorgan Asset Management (Europe) S.à r.l.


en 21/10/2020
Annual Report
en 30/06/2020
Semi Annual Report
en 31/12/2019
Morningstar Report


Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year5.34%25/11/2020
3 years1.04%25/11/2020
5 years2.65%25/11/2020
Since launch3.47%25/11/2020
Cumulative performance in EUR
YTD 01/01/20204.07
1 month2.36
3 months2.44
6 months10.42
Quarterly Returns
Q 1Q 2Q 3Q 4
Date ex dividendGross dividendPayment Date

Asset Allocation
% Long% Short% Net Assets
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
Sharpe Ratio
Sortino Ratio
Positive Months8.0021.0035.00
Negative Months4.0015.0025.00
Worst Month-12.06-12.06-12.06
World Regions
No Data Available
Stock Sector Weighting
No Data Available
Top 10 Holdings
HoldingSectorCountry% of Assets
JPM USD Liquidity VNAV X (acc.) Luxembourg4.45
Ecopetrol S.A. 5.88% 28/05/2045Colombia1.07
Competition Team Technologies Ltd 3.75% 12/03/2024Taiwan1.06
Office Cherifien des Phosphates 6.88% 25/04/2044Morocco1.01
Sands China Ltd 5.4% 08/08/2028Macao0.95
Philippine National Bank 3.28% 27/09/2024Philippines0.95
GUSAP III LP 4.25% 21/01/2030Brazil0.89
Liquid Telecommunications Financing plc 8.5% 13/07/2022Mauritius0.88
YPF Sociedad Anonima 6.95% 21/07/2027Argentina0.84
Prumo Participacoes e Investimentos S.A. 7.5% 31/12/2031Brazil0.84
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Fixed Income Style
Interest Rate Sensitivity
Credit Quality
Closing Price
All key information and documents must be reviewed before being able to Invest.