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JPMorgan High Yield Fund
mutual fund
JRJYX
Payout Change
Pending
Price as of:
$6.62
+0.0
+0.0%
primary theme
High Yield Bond
JRJYX (Mutual Fund)
JPMorgan High Yield Fund
Payout Change
Pending
Price as of:
$6.62
+0.0
+0.0%
primary theme
High Yield Bond
JRJYX (Mutual Fund)
JPMorgan High Yield Fund
Payout Change
Pending
Price as of:
$6.62
+0.0
+0.0%
primary theme
High Yield Bond
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
9.4%
1 yr return
12.7%
3 Yr Avg Return
3.1%
5 Yr Avg Return
3.8%
Net Assets
$4.85 B
Holdings in Top 10
11.9%
52 WEEK LOW AND HIGH
$6.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.32%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
JRJYX - Profile
Distributions
- YTD Total Return 9.4%
- 3 Yr Annualized Total Return 3.1%
- 5 Yr Annualized Total Return 3.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.27%
- Dividend Yield 6.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameJPMorgan High Yield Fund
-
Fund Family NameJPMorgan Funds
-
Inception DateAug 22, 2017
-
Shares Outstanding46977
-
Share ClassR3
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Shanahan
Fund Description
The Fund invests in all types of high yield, high risk debt securities. The Fund also may invest in convertible securities, preferred stock, common stock and loan participations and assignments and commitments to purchase loan assignments.Under normal circumstances, the Fund invests at least 80% of its Assets in bonds, other debt securities, loan assignments and participations (Loans), commitments to purchase loan assignments (Unfunded Commitments) and preferred stocks that are rated below investment grade or unrated. For purposes of this policy, “Assets” means net assets plus the amount of borrowings for investment purposes.Up to 20% of the Fund’s total assets may be invested in other securities, including investment grade securities. The Fund’s average weighted maturity ordinarily will range between three and ten years, although the Fund may shorten its weighted average maturity to as little as two years if deemed appropriate for temporary defensive purposes. The Fund may have a longer or shorter average weighted maturity under certain market conditions.The Fund may invest no more than 30% of its net assets in Loans and Unfunded Commitments. Loans will typically consist of senior floating rate loans (Senior Loans), but may also include secured and unsecured loans, second lien loans or more junior (Junior Loans) and bridge loans. Loans may be issued by obligors in the U.S. or in foreign or emerging markets.The Fund may invest up to 100% of the Fund’s total assets in below investment grade or unrated securities. Such securities are also known as “junk bonds,” “high yield bonds” and “non-investment grade bonds.” Such securities may include so called “distressed debt”. Distressed debt includes securities of issuers experiencing financial or operating difficulties, securities where the issuer has defaulted in the payment of interest or principal or in the performance of its covenants or agreements, securities of issuers that may be involved in bankruptcy proceedings, reorganizations or financial restructurings or securities of issuers operating in troubled industries. All securities will be U.S. dollar-denominated although they may be issued by a foreign corporation, government or its agencies and instrumentalities.In addition to direct investments in securities, derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. The Fund may use futures contracts, options and swaps to hedge various investments, for risk management and/or to increase income or gain to the Fund. In particular, the Fund may invest in swaps structured as credit default swaps related to individual Loans or other securities or indexes of Loans or other securities to gain exposure to such Loans and other securities, to mitigate risk exposure or to manage cash flow needs.Although the Fund predominantly invests in debt securities and income producing securities, it may also invest in common stock from time to time. In addition, the Fund may acquire and hold such securities (or rights to acquire such securities) in connection with an amendment, waiver, conversion or exchange of fixed income securities, in connection with the bankruptcy or workout of distressed fixed income securities, or upon the exercise of a right or warrant obtained on account of a fixed income security.The adviser focuses on value in buying and selling securities for the Fund by looking at individual securities against the context of broader market factors. For each issuer, the adviser performs an in-depth analysis of the issuer, including business prospects, management, capital requirements, capital structure, enterprise value and security structure and covenants. In addition, the adviser monitors investments on an ongoing basis by staying abreast of positive and negative credit developments expediting the review of the Fund’s investments that are considered to be the most risky. Generally, the adviser will sell a security when, based on fundamental credit analysis and the considerations described above, the adviser believes the issuer’s credit quality will deteriorate materially or when the adviser believes that there is better relative value available in the market in securities of comparable quality. As part of its credit analysis, the adviser seeks to assess the impact of environmental, social and governance (ESG) factors on certain issuers in the universe in which the Fund may invest. The adviser’s assessment is based on an analysis of key opportunities and risks across industries to seek to identify financially material issues with respect to the Fund’s investments in issuers and ascertain key issues that merit engagement with issuers. These assessments may not be conclusive and securities of issuers that may be negatively impacted by such factors may be purchased and retained by the Fund while the Fund may divest or not invest in securities of issuers that may be positively impacted by such factors.
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JRJYX - Performance
Return Ranking - Trailing
| Period | JRJYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.4% | -7.5% | 17.7% | 29.72% |
| 1 Yr | 12.7% | -4.7% | 18.4% | 22.33% |
| 3 Yr | 3.1%* | -14.4% | 21.6% | 46.83% |
| 5 Yr | 3.8%* | -11.4% | 37.2% | 51.60% |
| 10 Yr | N/A* | -4.7% | 20.4% | 64.38% |
* Annualized
Return Ranking - Calendar
| Period | JRJYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.6% | -4.7% | 14.3% | 67.87% |
| 2022 | -15.4% | -33.4% | 3.6% | 48.34% |
| 2021 | 2.0% | -8.4% | 8.2% | 12.03% |
| 2020 | -2.1% | -13.2% | 302.7% | 82.83% |
| 2019 | 7.1% | -4.4% | 13.3% | 61.57% |
Total Return Ranking - Trailing
| Period | JRJYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.4% | -7.5% | 17.7% | 29.72% |
| 1 Yr | 12.7% | -4.7% | 18.4% | 22.33% |
| 3 Yr | 3.1%* | -14.4% | 21.6% | 46.83% |
| 5 Yr | 3.8%* | -11.4% | 37.2% | 51.60% |
| 10 Yr | N/A* | -4.7% | 20.4% | 60.22% |
* Annualized
Total Return Ranking - Calendar
| Period | JRJYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.4% | -4.7% | 18.7% | 68.03% |
| 2022 | -10.8% | -33.4% | 47.8% | 51.49% |
| 2021 | 6.5% | -8.4% | 12.4% | 20.62% |
| 2020 | 2.5% | -9.6% | 325.6% | 88.14% |
| 2019 | 13.1% | -3.8% | 19.4% | 60.84% |
NAV & Total Return History
JRJYX - Holdings
Concentration Analysis
| JRJYX | Category Low | Category High | JRJYX % Rank | |
|---|---|---|---|---|
| Net Assets | 4.85 B | 3.13 M | 25.3 B | 13.73% |
| Number of Holdings | 783 | 2 | 4432 | 16.09% |
| Net Assets in Top 10 | 664 M | -492 M | 6.67 B | 12.64% |
| Weighting of Top 10 | 11.94% | 4.2% | 146.0% | 60.59% |
Top 10 Holdings
- JPMorgan U.S. Government Money Market Fund, Class Institutional 4.24%
- DISH DBS Corp. 1.30%
- Cooper-Standard Automotive, Inc. 1.07%
- Intelsat Jackson Holdings SA 0.97%
- CCO Holdings LLC 0.93%
- CCO Holdings LLC 0.84%
- Sirius XM Radio, Inc. 0.70%
- Bausch Health Cos., Inc. 0.69%
- CCO Holdings LLC 0.61%
- Mauser Packaging Solutions Holding Co. 0.59%
Asset Allocation
| Weighting | Return Low | Return High | JRJYX % Rank | |
|---|---|---|---|---|
| Bonds | 92.05% | 0.00% | 145.36% | 79.25% |
| Cash | 4.83% | -52.00% | 48.02% | 36.29% |
| Stocks | 2.51% | 0.00% | 97.54% | 21.73% |
| Convertible Bonds | 1.54% | 0.00% | 17.89% | 30.38% |
| Preferred Stocks | 0.32% | 0.00% | 4.97% | 22.99% |
| Other | 0.01% | -39.08% | 99.23% | 44.83% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JRJYX % Rank | |
|---|---|---|---|---|
| Energy | 48.38% | 0.00% | 100.00% | 43.92% |
| Communication Services | 38.56% | 0.00% | 99.99% | 11.57% |
| Real Estate | 10.32% | 0.00% | 86.71% | 13.65% |
| Utilities | 2.73% | 0.00% | 100.00% | 18.10% |
| Technology | 0.00% | 0.00% | 33.17% | 86.35% |
| Industrials | 0.00% | 0.00% | 93.12% | 86.05% |
| Healthcare | 0.00% | 0.00% | 22.17% | 81.90% |
| Financial Services | 0.00% | 0.00% | 100.00% | 87.83% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 82.49% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 87.24% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 82.49% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JRJYX % Rank | |
|---|---|---|---|---|
| US | 2.51% | 0.00% | 97.54% | 21.84% |
| Non US | 0.00% | -0.01% | 0.83% | 82.59% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JRJYX % Rank | |
|---|---|---|---|---|
| Corporate | 95.79% | 0.00% | 100.00% | 47.04% |
| Cash & Equivalents | 4.24% | 0.00% | 48.02% | 36.29% |
| Derivative | 0.01% | -14.58% | 42.26% | 28.90% |
| Securitized | 0.00% | 0.00% | 97.24% | 89.80% |
| Municipal | 0.00% | 0.00% | 1.17% | 80.59% |
| Government | 0.00% | 0.00% | 99.07% | 86.51% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JRJYX % Rank | |
|---|---|---|---|---|
| US | 92.05% | 0.00% | 126.57% | 63.05% |
| Non US | 0.00% | 0.00% | 96.91% | 88.83% |
JRJYX - Expenses
Operational Fees
| JRJYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.32% | 0.02% | 38.33% | 28.03% |
| Management Fee | 0.50% | 0.00% | 1.75% | 36.01% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 51.50% |
| Administrative Fee | 0.08% | 0.00% | 0.50% | 35.14% |
Sales Fees
| JRJYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| JRJYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| JRJYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 1.00% | 255.00% | 42.04% |
JRJYX - Distributions
Dividend Yield Analysis
| JRJYX | Category Low | Category High | JRJYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.99% | 0.00% | 11.76% | 45.51% |
Dividend Distribution Analysis
| JRJYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| JRJYX | Category Low | Category High | JRJYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.27% | -2.39% | 9.30% | 55.52% |
Capital Gain Distribution Analysis
| JRJYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 26, 2024 | $0.033 | OrdinaryDividend |
| Oct 29, 2024 | $0.041 | OrdinaryDividend |
| Sep 26, 2024 | $0.035 | OrdinaryDividend |
| Aug 28, 2024 | $0.035 | OrdinaryDividend |
| Jul 29, 2024 | $0.037 | OrdinaryDividend |
| Apr 26, 2024 | $0.046 | OrdinaryDividend |
| Mar 26, 2024 | $0.032 | OrdinaryDividend |
| Feb 27, 2024 | $0.030 | OrdinaryDividend |
| Jan 29, 2024 | $0.029 | OrdinaryDividend |
| Dec 27, 2023 | $0.037 | OrdinaryDividend |
| Nov 28, 2023 | $0.032 | OrdinaryDividend |
| Oct 27, 2023 | $0.035 | OrdinaryDividend |
| Sep 27, 2023 | $0.034 | OrdinaryDividend |
| Aug 29, 2023 | $0.032 | OrdinaryDividend |
| Jul 27, 2023 | $0.026 | OrdinaryDividend |
| Jun 28, 2023 | $0.034 | OrdinaryDividend |
| May 26, 2023 | $0.030 | OrdinaryDividend |
| Apr 26, 2023 | $0.033 | OrdinaryDividend |
| Mar 29, 2023 | $0.035 | OrdinaryDividend |
| Feb 24, 2023 | $0.039 | OrdinaryDividend |
| Jan 27, 2023 | $0.027 | OrdinaryDividend |
| Dec 28, 2022 | $0.032 | OrdinaryDividend |
| Nov 28, 2022 | $0.030 | OrdinaryDividend |
| Oct 27, 2022 | $0.034 | OrdinaryDividend |
| Sep 28, 2022 | $0.029 | OrdinaryDividend |
| Aug 29, 2022 | $0.029 | OrdinaryDividend |
| Jul 27, 2022 | $0.030 | OrdinaryDividend |
| Jun 28, 2022 | $0.030 | OrdinaryDividend |
| May 26, 2022 | $0.030 | OrdinaryDividend |
| Apr 27, 2022 | $0.029 | OrdinaryDividend |
| Mar 29, 2022 | $0.025 | OrdinaryDividend |
| Feb 24, 2022 | $0.025 | OrdinaryDividend |
| Jan 27, 2022 | $0.025 | OrdinaryDividend |
| Dec 29, 2021 | $0.026 | OrdinaryDividend |
| Nov 26, 2021 | $0.026 | OrdinaryDividend |
| Oct 27, 2021 | $0.024 | OrdinaryDividend |
| Sep 28, 2021 | $0.024 | OrdinaryDividend |
| Aug 27, 2021 | $0.026 | OrdinaryDividend |
| Jul 28, 2021 | $0.029 | OrdinaryDividend |
| Jun 28, 2021 | $0.026 | OrdinaryDividend |
| May 26, 2021 | $0.025 | OrdinaryDividend |
| Apr 28, 2021 | $0.037 | OrdinaryDividend |
| Mar 29, 2021 | $0.028 | OrdinaryDividend |
| Feb 24, 2021 | $0.024 | OrdinaryDividend |
| Jan 27, 2021 | $0.022 | OrdinaryDividend |
| Dec 29, 2020 | $0.029 | OrdinaryDividend |
| Nov 25, 2020 | $0.023 | OrdinaryDividend |
| Oct 28, 2020 | $0.026 | OrdinaryDividend |
| Sep 28, 2020 | $0.023 | OrdinaryDividend |
| Aug 27, 2020 | $0.021 | OrdinaryDividend |
| Jul 29, 2020 | $0.026 | OrdinaryDividend |
| Jun 26, 2020 | $0.017 | OrdinaryDividend |
| May 27, 2020 | $0.019 | OrdinaryDividend |
| Apr 28, 2020 | $0.044 | OrdinaryDividend |
| Mar 27, 2020 | $0.032 | OrdinaryDividend |
| Feb 26, 2020 | $0.026 | OrdinaryDividend |
| Jan 29, 2020 | $0.021 | OrdinaryDividend |
| Dec 27, 2019 | $0.040 | OrdinaryDividend |
| Nov 26, 2019 | $0.033 | OrdinaryDividend |
| Oct 29, 2019 | $0.032 | OrdinaryDividend |
| Sep 26, 2019 | $0.032 | OrdinaryDividend |
| Aug 28, 2019 | $0.033 | OrdinaryDividend |
| Jul 29, 2019 | $0.032 | OrdinaryDividend |
| Jun 26, 2019 | $0.031 | OrdinaryDividend |
| May 29, 2019 | $0.033 | OrdinaryDividend |
| Apr 26, 2019 | $0.037 | OrdinaryDividend |
| Mar 27, 2019 | $0.032 | OrdinaryDividend |
| Feb 26, 2019 | $0.029 | OrdinaryDividend |
| Jan 29, 2019 | $0.029 | OrdinaryDividend |
| Dec 27, 2018 | $0.041 | OrdinaryDividend |
| Nov 28, 2018 | $0.033 | OrdinaryDividend |
| Oct 29, 2018 | $0.035 | OrdinaryDividend |
| Sep 26, 2018 | $0.031 | OrdinaryDividend |
| Aug 29, 2018 | $0.033 | OrdinaryDividend |
| Jul 27, 2018 | $0.032 | OrdinaryDividend |
| Jun 27, 2018 | $0.032 | OrdinaryDividend |
| May 29, 2018 | $0.032 | OrdinaryDividend |
| Apr 26, 2018 | $0.035 | OrdinaryDividend |
| Mar 27, 2018 | $0.032 | OrdinaryDividend |
| Feb 26, 2018 | $0.033 | OrdinaryDividend |
| Jan 29, 2018 | $0.026 | OrdinaryDividend |
| Dec 27, 2017 | $0.038 | OrdinaryDividend |
| Nov 28, 2017 | $0.037 | OrdinaryDividend |
| Oct 27, 2017 | $0.032 | OrdinaryDividend |
| Sep 27, 2017 | $0.030 | OrdinaryDividend |
| Aug 29, 2017 | $0.034 | OrdinaryDividend |
JRJYX - Fund Manager Analysis
Managers
James Shanahan
Start Date
Tenure
Tenure Rank
Nov 13, 1998
23.56
23.6%
James P. Shanahan, Jr., managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Cincinnati, Jim is the team leader and senior portfolio manager for the Cincinnati High Yield team and focuses on higher risk credits, including leveraged loans, distressed and special situations investments in high yield mandates. An employee since 1986, he held the same role at Banc One High Yield Partners, LLC and Pacholder Associates, Inc. He graduated from Xavier University and holds a J.D. from the University Of Cincinnati College Of Law.
Robert Cook
Start Date
Tenure
Tenure Rank
Sep 04, 2019
2.74
2.7%
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
Thomas Hauser
Start Date
Tenure
Tenure Rank
Sep 04, 2019
2.74
2.7%
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.
Jeffrey Lovell
Start Date
Tenure
Tenure Rank
Sep 04, 2019
2.74
2.7%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.31 | 8.17 |
