JPMorgan Investment Funds - Global High Yield Bond Fund A (acc) - AUD (hedged)
JPMorgan Investment Funds (SICAV domiciled in Luxembourg)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: SICAV

To achieve a return in excess of global bond markets by investing primarily in global below investment grade 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 Bottom-up security selection approach based on assessing relative value across the global developed market high yield credit spectrum. Share Class Benchmark ICE BofA US High Yield Constrained Index (Total Return Gross) Hedged to AUD Benchmark uses and resemblance B Performance comparison. The Sub-Fund is actively managed. The majority of issuers in the Sub-Fund are likely to be represented in the benchmark because the Investment Manager uses it as a basis for portfolio construction, but has some discretion to deviate from its composition and risk characteristics within indicative risk parameters. The Sub-Fund will resemble the composition and risk characteristics of its benchmark; however, the Investment Manager’s discretion may result in performance that differs from the benchmark. POLICIES Main investment exposure At least 67% of assets invested, either directly or through derivatives, in below investment grade corporate debt securities from issuers anywhere in the world, including emerging markets. The Sub-Fund may invest in contingent convertible bonds (up to 5%). Other investment exposures Unrated debt securities. Derivatives Used for: investment purposes; hedging; efficient portfolio management. Types: see Sub-Fund Derivative Usage table under How the Sub-Funds Use Derivatives, Instruments and Techniques in the Prospectus. TRS including CFD: none. Global exposure calculation method: commitment 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 does not pay dividends. Earned income is retained in the NAV. For an explanation of some of the terms used in this document, please visit the glossary on our website at www.jpmorganassetmanagement.lu

Morningstar Rating
N/A
More information about the calculation of the Morningstar Ratings
Risk and reward profile
4
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 01/12/202013.16
Morningstar categoryOther Bond
CurrencyAUD
Distribution statusAccumulating
ISINLU1048319153
Inception Date03/04/2014
Minimum initial amount500.00 AUD
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.16% 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 NameRobert L. Cook
Manager Start Date01/06/2004
Websitehttp://www.jpmorganassetmanagement.com
Total Net Assets (mil)13,141.78 AUD (30/11/2020)
UCITSYes
AdministratorJ.P. Morgan Bank Luxembourg S.A.

Documents

Prospectus
en 01/10/2020
Annual Report
en 31/12/2019
Semi Annual Report
en 30/06/2020
Morningstar Report
02/12/2020

Performance

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.
The performance in euro can be lower or higher than the performance in the currency of denomination of the fund due to fluctuations in exchange rates.
Annualised performance in AUD
PeriodAnnualised returnDate
1 year1.54%01/12/2020
3 years3.01%01/12/2020
5 years5.62%01/12/2020
Since launch4.21%01/12/2020
Cumulative performance in AUD
Performance
YTD 01/01/2020-0.38
1 month3.30
3 months2.73
6 months6.99
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-12.79%6.16%3.60%-
20196.73%2.31%0.94%2.09%
2018-1.24%1.34%2.15%-4.94%
20172.31%2.34%1.53%0.83%
20162.45%4.78%5.70%1.26%
Dividend

Asset Allocation
% Long% Short% Net Assets
Stock0.95%0.00%0.95%
Bond85.90%0.00%85.90%
Cash10.92%0.22%10.71%
Other2.44%0.00%2.44%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
24.9916.5215.10
Sharpe Ratio
0.10-0.080.26
Sortino Ratio
0.14-0.100.39
Positive Months7.0024.0042.00
Negative Months4.0011.0017.00
Worst Month-11.72-11.72-11.72
World Regions
Region%
United States0.95
Stock Sector Weighting
Sector% of Equity
Real Estate0.51
Energy0.25
Communication Services0.01
Top 10 Holdings
HoldingSectorCountry% of Assets
United States Treasury Bills 0% 19/11/2020United States1.94
United States Treasury Bills 0% 03/11/2020United States1.61
United States Treasury Bills 0% 08/12/2020United States1.27
Sprint Capital Corporation 8.75% 15/03/2032United States1.22
United States Treasury Bills 0% 03/12/2020United States1.20
United States Treasury Bills 0% 05/11/2020United States1.14
United States Treasury Bills 0% 01/12/2020United States1.13
United States Treasury Bills 0% 10/12/2020United States1.02
DISH DBS Corporation 5.88% 15/11/2024United States1.01
United States Treasury Bills 0% 12/11/2020United States1.00
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
Fixed Income Style
Large
Interest Rate Sensitivity
Mid
Small
Value
Blend
Growth
Credit Quality
A$
13.16
Closing Price
All key information and documents must be reviewed before being able to Invest.