| Morningstar Fund Report | 13/04/2025 |  |
JPM Global Bond Opportunities Fund C - Gross Accumulation |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | 0.9 | -6.0 | 5.4 | 3.8 | 1.4 |
| +/-Cat | 0.9 | 2.8 | -1.7 | -0.8 | -0.3 |
| +/-B’mrk | 2.7 | 7.4 | -0.4 | 1.0 | 0.2 |
| Category: Global Flexible Bond - GBP Hedged | ||||||
| Category Benchmark: Morningstar Gbl Core Bd GR ... | ||||||
| Key Stats | ||
| NAV 11/04/2025 | GBP 1.30 | |
| Day Change | 0.23% | |
| Morningstar Category™ | Global Flexible Bond - GBP Hedged | |
| IA (formerly IMA) Sector | £ Strategic Bond | |
| ISIN | GB00BV9GHX75 | |
| Fund Size (Mil) 11/04/2025 | GBP 173.19 | |
| Share Class Size (Mil) 11/04/2025 | GBP 104.89 | |
| Max Initial Charge | - | |
| Ongoing Charge 30/11/2024 | 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 clean share class remains unchanged at... | |
| 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: JPM Global Bond Opportunities Fund C - Gross Accumulation |
| To provide income and capital growth over the long-term (5-10 years) by investing opportunistically in an unconstrained global portfolio of debt securities and currencies, using derivatives as appropriate. At least 80% of assets invested in debt securities of governments and their agencies, corporations, MBS/ABS (including covered bonds) and currencies. Issuers may be located anywhere in the world, including emerging markets, and may be rated investment grade, below-investment grade or unrated. The Fund may invest up to 10% in convertible bonds and 10% in contingent convertible bonds. |
| Returns | |||||||||||||
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| Management | ||
Manager Name Start Date | ||
Iain Stealey 30/01/2015 | ||
Andrew Headley 01/07/2020 | ||
| Click here to see others | ||
Inception Date 30/01/2015 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| Bloomberg Multiverse TR Hdg GBP | Morningstar Gbl Core Bd GR Hdg GBP |
| Portfolio Profile for JPM Global Bond Opportunities Fund C - Gross Accumulation | 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 | -2.17 | 9.16 | 5.76 | 0.88 | -6.04 | 5.41 | 3.85 | 1.39 |
| +/- Category | 0.68 | 1.04 | 0.53 | 0.87 | 2.83 | -1.69 | -0.76 | -0.28 |
| +/- Category Index | -2.39 | 2.84 | 0.57 | 2.71 | 7.42 | -0.37 | 1.04 | 0.18 |
| % Rank in Category | 36 | 41 | 46 | 34 | 32 | 76 | 70 | 62 |
| Trailing Returns (GBP) | 11/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | 0.23 | 0.43 | 0.32 |
| 1 Week | -1.60 | -0.11 | -0.14 |
| 1 Month | -1.45 | -0.24 | -1.54 |
| 3 Months | 0.31 | -0.53 | -1.31 |
| 6 Months | -0.23 | -0.48 | -0.80 |
| YTD | 0.00 | -0.40 | -0.72 |
| 1 Year | 4.18 | -0.57 | -0.86 |
| 3 Years Annualised | 2.06 | 0.12 | 1.36 |
| 5 Years Annualised | 2.84 | 0.49 | 3.62 |
| 10 Years Annualised | 2.39 | 0.54 | 1.48 |
| Category: Global Flexible Bond - GBP Hedged | |||
| Category Index: Morningstar Gbl Core Bd GR Hdg GBP | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | 1.39 | - | - | - |
| 2024 | 0.40 | 0.24 | 4.54 | -1.30 |
| 2023 | 1.10 | -0.25 | -1.17 | 5.77 |
| 2022 | -2.78 | -6.62 | -1.92 | 5.53 |
| 2021 | -0.80 | 1.53 | 0.24 | -0.08 |
| 2020 | -4.92 | 5.35 | 1.78 | 3.74 |
| Morningstar Rating™(Relative to Category) | 31/03/2025 | ||||||||||||||||||||
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| Category : Global Flexible Bond - GBP 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 GBP | Morningstar Gbl HY Bd GR Hdg GBP | |
| 3-Yr Beta | 0.83 | 0.69 |
| 3-Yr Alpha | 1.55 | -2.00 |
| 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 | 8 |
| Total Number of Bond Holdings | 1049 |
| Assets in Top 10 Holdings | 14.26 |
| Name | Sector | Country | % of Assets | ||
 Government National Mortgage Associat...
|  | United States | 3.11 | ||
| Government National Mortgage Associat...
| | United States | 2.65 | ||
| Secretaria Do Tesouro Nacional | | Brazil | 1.45 | ||
| Mexico (United Mexican States) | | Mexico | 1.31 | ||
| Poland (Republic of) 2.0856% | | Poland | 1.09 | ||
 Fnma Pass-Thru I 5.5% | | United States | 1.07 | ||
| Mexico (United Mexican States) | | Mexico | 0.99 | ||
| South Africa (Republic of) 9% | | South Africa | 0.94 | ||
| Turkey (Republic of) 36% | | Turkey | 0.86 | ||
| Mexico (United Mexican States) | | Mexico | 0.80 | ||
Increase Decrease  New since last portfolio | |||||
| Category: Global Flexible Bond - GBP 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 | 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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| Fund Manager | Robert Michele |
| Manager Start Date | 30/01/2015 |
| Career Start Year | 1981 |
| Education |
| University of Pennsylvania, B.A. |
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| Biography | |
| Robert Michele, CFA, managing director, is the Chief Investment Officer of the Global Fixed Income, Currency and Commodities (GFICC) group. Based in New York, Bob directs the global investment process and oversees the portfolio management and research functions. 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. He also previously served as the head of Schroder’s U.S. Fixed Income Group, based in New York. Bob was at BlackRock from 1995 to 1998, responsible for managing core bond portfolios and d |
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