| Morningstar Fund Report | 13/04/2025 |  |
JPMorgan Funds - Global Bond Opportunities Fund C (acc) - USD |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | 2.2 | 5.5 | 0.5 | 5.7 | -1.8 |
| +/-Cat | 1.1 | 2.5 | -1.3 | -1.8 | -0.3 |
| +/-B’mrk | 3.0 | 7.0 | -0.2 | 0.7 | 0.0 |
| Category: Global Flexible Bond - USD Hedged | ||||||
| Category Benchmark: Morningstar Gbl Core Bd GR ... | ||||||
| Key Stats | ||
| NAV 11/04/2025 | USD 139.33 | |
| Day Change | -1.19% | |
| Morningstar Category™ | Global Flexible Bond - USD Hedged | |
| ISIN | LU0867954421 | |
| Fund Size (Mil) 11/04/2025 | USD 4029.91 | |
| Share Class Size (Mil) 11/04/2025 | USD 1073.25 | |
| Max Initial Charge | - | |
| Ongoing Charge 27/09/2024 | 0.65% | |
| Morningstar Research |
| Analyst Report | 30/04/2024 Evangelia Gkeka, Senior Analyst Morningstar, Inc |
JPMorgan’s Global Bond Opportunities strategy benefits from an experienced management team, the firm’s wider resources, and a flexible and nimble investment process.The Morningstar Analyst Rating for the C (acc) USD clean share class is upgraded... | |
| Click here to read this analyst report on the underlying fund. | |
| Morningstar Pillars | |
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| People | 24 |
| Parent | 24 |
| Process | 24 |
| Performance | |
| Price | |
| Investment Objective: JPMorgan Funds - Global Bond Opportunities Fund C (acc) - USD |
| To achieve a return in excess of the benchmark by investing opportunistically in an unconstrained portfolio of debt securities and currencies, using derivatives where appropriate. |
| Returns | |||||||||||||
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| Management | ||
Manager Name Start Date | ||
Iain Stealey 22/03/2013 | ||
Andrew Headley 01/07/2020 | ||
| Click here to see others | ||
Inception Date 29/08/2014 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| Bloomberg Multiverse TR Hdg USD | Morningstar Gbl Core Bd GR Hdg USD |
| Portfolio Profile for JPMorgan Funds - Global Bond Opportunities Fund C (acc) - USD | 28/02/2025 |
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| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | 4.01 | 6.57 | 4.34 | 2.24 | 5.54 | 0.53 | 5.66 | -1.83 |
| +/- Category | -0.76 | 1.40 | 2.00 | 1.07 | 2.54 | -1.33 | -1.76 | -0.30 |
| +/- Category Index | -4.20 | 2.67 | 1.81 | 3.02 | 7.02 | -0.18 | 0.65 | 0.00 |
| % Rank in Category | 68 | 35 | 24 | 25 | 33 | 73 | 78 | 69 |
| Trailing Returns (GBP) | 11/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | -1.19 | -0.17 | -0.35 |
| 1 Week | -2.30 | 0.07 | 0.06 |
| 1 Month | -2.51 | -0.40 | -1.75 |
| 3 Months | -6.17 | -0.43 | -1.28 |
| 6 Months | -0.46 | -0.81 | -1.14 |
| YTD | -4.46 | -0.49 | -1.01 |
| 1 Year | -0.18 | -0.86 | -1.11 |
| 3 Years Annualised | 2.20 | -0.57 | 0.80 |
| 5 Years Annualised | 2.50 | 0.60 | 3.66 |
| 10 Years Annualised | 4.25 | 0.43 | 1.42 |
| Category: Global Flexible Bond - USD Hedged | |||
| Category Index: Morningstar Gbl Core Bd GR Hdg USD | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | -1.83 | - | - | - |
| 2024 | 1.15 | 0.23 | -1.54 | 5.84 |
| 2023 | -1.04 | -2.90 | 2.98 | 1.60 |
| 2022 | 0.26 | 0.82 | 7.89 | -3.23 |
| 2021 | -1.30 | 1.36 | 2.68 | -0.48 |
| 2020 | 0.87 | 6.92 | -2.53 | -0.75 |
| Morningstar Rating™(Relative to Category) | 31/03/2025 | ||||||||||||||||||||
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| Category : Global Flexible Bond - USD Hedged | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar Gbl Core Bd GR Hdg USD | Morningstar EM Sov Bd GR USD | |
| 3-Yr Beta | 0.89 | 0.54 |
| 3-Yr Alpha | 1.14 | -0.74 |
| Fixed Income Style | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Asset Allocation | 28/02/2025 |
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| Top 10 Holdings | 28/02/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 10 |
| Total Number of Bond Holdings | 1238 |
| Assets in Top 10 Holdings | 17.32 |
| Name | Sector | Country | % of Assets | ||
 JPM USD Liquidity LVNAV X (dist.) |  | Luxembourg | 3.26 | ||
 Government National Mortgage Associat...
| | United States | 3.08 | ||
| Government National Mortgage Associat...
| | United States | 2.41 | ||
| Government National Mortgage Associat...
| | United States | 2.16 | ||
| Mexico (United Mexican States) | | Mexico | 1.29 | ||
| Fnma Pass-Thru I 5.5% | | United States | 1.16 | ||
| Poland (Republic of) 2.0856% | | Poland | 1.07 | ||
| South Africa (Republic of) 9% | | South Africa | 1.00 | ||
| Secretaria Do Tesouro Nacional | | Brazil | 0.97 | ||
| Mexico (United Mexican States) | | Mexico | 0.91 | ||
Increase Decrease  New since last portfolio | |||||
| Category: Global Flexible Bond - USD Hedged | |||||
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| Biography | |
| Iain Stealey, CFA, Managing Director, is the International Chief Investment Officer and head of Global Aggregate Strategies within the Global Fixed Income, Currency and Commodities (GFICC) group. Based in London, he is a portfolio manager focusing on multi-sector bond strategies for both segregated clients and pooled funds. Within the Global Aggregate team, Iain was previously responsible for the portfolio management of enhanced cash and short duration portfolios. An employee since 2002, he obtained a B.Sc. in Management Science from Loughborough University. |
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| Fund Manager | Andrew Headley |
| Manager Start Date | 01/07/2020 |
| Career Start Year | 1994 |
| Education |
| University of Pennsylvania (Wharton), B.S. |
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| Biography | |
| Andrew Headley, Managing Director, is the Head of Mortgages for Macro Driven strategies within the Global Fixed Income, Currency & Commodities (GFICC) group. Based in New York, he is responsible for overseeing the agency & non-agency mortgage-backed securities, commercial mortgage-backed securities and commercial mortgage loan (CML) investment teams. He is also responsible for managing mortgage portfolios as well as developing and implementing mortgage strategies for multi-sector portfolios. An employee since 2005, Drew previously worked as a portfolio manager at Bear Stearns Asset Management, overseeing the mortgage and asset-backed sectors for the core fixed income strategies. Prior to this, Drew was a portfolio manager at Fischer Francis Trees & Watts (a subsidiary of BNP Paribas Asset Management) for eleven years, specializing in mortgage and broad market portfolios. Drew holds a B.S. in economics from the Wharton School of the University of Pennsylvania and is a CFA charterholder. |
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| Fund Manager | Jeff Hutz |
| Manager Start Date | 01/07/2020 |
| Career Start Year | 1999 |
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| Biography | |
| Jeff Hutz, managing director, is a credit analyst within the Global High Yield team, responsible for analyzing and selecting high yield bonds in the consumer products and technology sectors as well as convertible securities. Additionally, Jeff has portfolio management responsibility for our unconstrained strategies. Prior to joining the firm in 2004, Jeff was at 40|86 Advisors for five years, most recently serving as a senior analyst. Previously, he spent two years as a design engineer with Onkyo America Inc., the U.S. division of a Japanese electronics company. Jeff holds a B.S. in electrical engineering and an M.B.A. from Washington University in St. Louis. He is a member of the CFA Society of Indianapolis and a CFA charterholder. |
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| Fund Manager | Bob Michele |
| Manager Start Date | 22/03/2013 |
| Career Start Year | 1981 |
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| Biography | |
| Bob Michele, Managing Director, is the Chief Investment Officer and Head of the Global Fixed Income, Currency & Commodities (GFICC) group. Bob is a member of the Asset & Wealth Management Investment Committee, the Asset & Wealth Management Operating Committee and the Asset Management Operating Committee. He also chairs the GFICC Investment Strategy Committee and the GFICC Operating Committee. Prior to joining the firm in 2008, Bob was at Schroder Investment Management for ten years, most recently serving as the global head of fixed income in London. Previously, Bob was a managing director at BlackRock from 1995 to 1998, responsible for managing core bond portfolios and developing credit strategies across all client mandates. Prior to that, he was at First Boston Asset Management as head of their U.S. fixed income business. Bob began his career at Bankers Trust Company and Brown Brothers Harriman. He holds a B.A. in classics from the University of Pennsylvania, is a CFA Charterholder and has the Investment Management Certificate of the UK Society of Investment Professionals. |
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| Fund Manager | Lisa Coleman |
| Manager Start Date | 01/07/2020 |
| Career Start Year | 1981 |
| Education |
| 1981, Trinity College, B.A. |
| 1985, Columbia University, M.A. |
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| Biography | |
| Lisa Coleman, Managing Director, is the head of the Global Investment Grade Corporate Credit team in the Global Fixed Income, Currency & Commodities (GFICC) group. Prior to joining the firm in 2008, Lisa was at Schroders Investment Management for eight years, serving as the head of Global Credit Strategies and the head of European Fixed Income. Previously, she was at Allmerica Financial for six years, managing core and corporate bond portfolios. Before this, Lisa was Deputy Manager of Global Fixed Income at Brown Brothers Harriman for five years, managing corporate bond, asset-backed security, mortgage-backed security and government bond portfolios. Prior to Brown Brothers Harriman, Lisa worked at Merrill Lynch in foreign exchange sales and at Travelers Insurance Company as an analyst and portfolio manager. Lisa began her career at the Federal Reserve Bank of New York, holding roles in the foreign exchange and foreign relations departments. Lisa holds a B.A. in economics from Trinity College, Hartford, Connecticut and a M.A. in international banking and finance from the School of International and Public Affairs at Columbia University, New York. In addition, she is a CFA charterholder and holds the Investment Management Certificate from the UK Society of Investment Professionals. |
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