Morningstar Fund Report  | 17/04/2025Print

JPMorgan Investment Funds - Global High Yield Bond Fund X (acc) - USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
JPMorgan Investment Funds - Global High Yield Bond Fund X (acc) - USD
Fund7.42.25.311.8-2.0
+/-Cat2.42.00.23.00.3
+/-B’mrk1.12.1-1.81.70.0
 
Category: USD High Yield Bond
Category Benchmark: Morningstar US HY Bd TR USD
Key Stats
NAV
16/04/2025		 USD 223.33
Day Change 0.06%
Morningstar Category™ USD High Yield Bond
ISIN LU0457776424
Fund Size (Mil)
15/04/2025		 USD 5359.27
Share Class Size (Mil)
15/04/2025		 USD 520.52
Max Initial Charge -
Ongoing Charge
20/06/2024		  0.10%
Investment Objective: JPMorgan Investment Funds - Global High Yield Bond Fund X (acc) - USD
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.
Returns
Trailing Returns (GBP)16/04/2025
YTD-5.49
3 Years Annualised4.99
5 Years Annualised4.74
10 Years Annualised6.16
12 Month Yield 0.00
Management
Manager Name
Start Date
Robert Cook
01/06/2004
Thomas Hauser
01/06/2004
Click here to see others
Inception Date
06/01/2011

Category Benchmark
Fund BenchmarkMorningstar Benchmark
ICE BofA US HY Constnd TR HUSDMorningstar US HY Bd TR USD
Portfolio Profile for  JPMorgan Investment Funds - Global High Yield Bond Fund X (acc) - USD28/02/2025
Fixed Income
Effective Maturity4.05
Effective Duration2.83
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock1.840.001.84
Bond93.420.0093.42
Property0.000.000.00
Cash3.810.063.76
Other0.980.000.98
Growth Of 1000 (GBP) 31/03/2025
Fund:  JPMorgan Investment Funds - Global High Yield Bond Fund X (acc) - USD
Category:  USD High Yield Bond
Category Index:  Morningstar US HY Bd TR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return4.6310.481.047.352.195.2511.85-2.00
+/- Category1.582.29-0.732.372.000.233.030.26
+/- Category Index0.710.57-2.691.142.07-1.831.710.00
% Rank in Category19206392249329
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.06   0.210.28
1 Week-0.98   1.801.54
1 Month-3.60   0.470.46
3 Months-8.13   0.380.31
6 Months-1.23   0.330.00
YTD-5.49   0.710.44
1 Year2.82   3.101.75
3 Years Annualised4.99   1.640.47
5 Years Annualised4.74   1.050.01
10 Years Annualised6.16   1.510.29
 
Category: USD High Yield Bond
Category Index: Morningstar US HY Bd TR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-2.00---
20242.701.43-0.227.61
2023-0.59-1.025.071.81
2022-1.10-1.478.44-3.30
20210.743.063.320.08
2020-5.287.00-0.560.26
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAverage5 star
5-YearAbove AverageBelow Average4 star
10-YearHighBelow Average5 star
OverallHighBelow Average5 star
 
Category :  USD High Yield BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev6.50 %
3-Yr Mean Return6.24 %
 
3-Yr Sharpe Ratio0.32
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar US HY Bd TR USD  Morningstar US HY Bd TR USD
3-Yr Beta0.940.94
3-Yr Alpha0.400.40
 
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 5754
Maturity Distribution %
1 to 327.40
3 to 539.81
5 to 720.44
7 to 109.44
10 to 150.22
15 to 200.00
20 to 300.00
Over 300.00
Effective Maturity4.05
Effective Duration2.83
Credit Quality Breakdown %     %
AAA6.02   BB41.32
AA0.00   B29.56
A0.00   Below B14.64
BBB5.62   Not Rated2.84
 
Category: USD High Yield Bond
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock1.840.001.84
Bond93.420.0093.42
Property0.000.000.00
Cash3.810.063.76
Other0.980.000.98
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings15
Total Number of Bond Holdings659
Assets in Top 10 Holdings8.83
NameSectorCountry% of Assets
Cooper-Standard Automotive Inc. 13.5%United States1.15
United States Treasury Notes 4.25%United States1.06
CCO Holdings, LLC/ CCO Holdings Capit... United States1.05
CCO Holdings, LLC/ CCO Holdings Capit... United States0.98
United States Treasury Notes 3.875%United States0.93
Intelsat Jackson Holdings SA 6.5%United States0.83
Bausch Health Companies Inc. 5.5%United States0.76
CCO Holdings, LLC/ CCO Holdings Capit... United States0.75
CCO Holdings, LLC/ CCO Holdings Capit... United States0.66
DISH DBS Corporation 5.25%United States0.65
 
Increase Decrease New since last portfolio
Category: USD High Yield Bond
 
Management
Name of CompanyJPMorgan Asset Management (Europe) S.à r.l.
Phone+352 34 101
Websitehttp://www.jpmorganassetmanagement.com
AddressEuropean Bank & Business Centre 6, route de Trèves
 Luxembourg   L-2633
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date06/01/2011
Fund Advisor(s)
J.P. Morgan Investment Management, Inc.
Fund ManagerRobert Cook
Manager Start Date01/06/2004
Education
Indiana University, B.S.
 
Biography
Robert L. Cook, managing director, is the global head of the High Yield team in the Global Fixed Income, Currency & Commodities (GFICC) group.Based inIndianapolis, he is the lead portfolio manager and is responsible for overseeing high yield total return strategies, sub-advised mutual fund assets and absolute return credit products. Rob is also a member of the Global Fixed Income Macro Strategy Team. Prior to joining the firm in 2004, Rob spent ten years at 40|86 Advisors, most recently as co-head of the Fixed Income investment process, responsible for managing high yield total return assets a
Fund ManagerThomas Hauser
Manager Start Date01/06/2004
Career Start Year1993
 
Biography
Thomas Hauser, Managing Director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Indianapolis, he is the co-lead portfolio manager within the High Yield Fixed Income Team and is responsible for overseeing high yield total return strategies, sub-advised mutual fund assets and absolute return credit products. Prior to joining the firm in 2004, Thomas was at 40|86 Advisors, most recently serving as a co-portfolio manager on three mutual funds and as the co-head of the Collateralized Bond Obligation (CBO) Group.
Fund ManagerJeffrey Lovell
Manager Start Date01/02/2023
Education
Hillsdale College, B.S.
 
Biography
Jeffrey Lovell, CFA, Managing Director, joined JPMorgan in 2004 and is a senior portfolio manager within the Global High Yield team. Mr. Lovell holds a B.S. in finance and political economy from Hillsdale College, is a member of the Indianapolis Society of Financial Analysts and is a CFA charterholder.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Chargen/a
Ongoing Charge0.10%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes