JPMorgan Global Strategic Bond Fund
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/100423-2023-12-16-02:42.pdf |
FUND MANAGER | JPMorgan Asset Management (Australia) |
ASX Code | |
APIR | PER0727AU |
ASSET CLASS | FIXED INTEREST |
INVESTMENT STYLE | The Fund aims to exploit investment opportunities in, amongst others, the debt and currency markets, using financial derivatives instruments where appropriate. |
INVESTMENT PROFILE | The Fund aims to achieve a return in excess of the Benchmark. |
CURRENCY MANAGEMENT | Active management |
INCEPTION DATE | 20-12-2003 |
BENCHMARK | Bloomberg AusBond Bank Bill Index |
FUND SIZE | Bloomberg AusBond Bank Bill Index |
DISTRIBUTION FREQUENCY | Quarterly |
NO. OF HOLDINGS | |
FEES | 0.50% of the NAV of the Fund |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the JPMorgan Global Strategic Bond Fund
Risk levelMedium Investor suitabilityThe Fund is a bond fund for investors looking for an absolute return that seeks to exceed the return of the Benchmark in diverse market environments over time from a combination of capital appreciation and income while reducing the likelihood of capital losses on a medium term basis through a flexible, diversified multiÂsector approach. Investors should take a long-Âterm investment horizon. |
RISK LEVEL | |
INVESTOR SUITABILITY |
Risks
Title | |
Detail |
Key Features
About the FundThe JPMorgan Global Strategic Bond Fund is a portfolio of our highest conviction fixed income ideas. The fund's manager has complete freedom to bring together the most attractive opportunities identified by our sector specialists - regardless of benchmark allocations. Fund highlights
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Mandate
How we invest your moneyInvestment PolicyThe Fund will invest the majority of its assets, either directly or through the use of financial derivative instruments, in debt securities, including, but not limited to, debt securities issued by governments and their agencies, state and provincial governmental entities and supranational organisations, corporate debt securities, asset-backed securities and mortgage-backed securities (including covered bonds) and currencies. Issuers of these securities may be located in any country, including emerging markets. The Fund may invest in below investment grade and unrated debt securities. The Fund may invest a significant portion of its assets in mortgage-backed securities and asset-backed securities. The Fund will seek to provide a positive return over the medium term irrespective of market conditions. Allocations between countries, sectors and ratings of debt securities may vary significantly. The Fund may invest in financial derivative instruments to achieve its investment objective. Such instruments may also be used for the purposes of hedging. These instruments may include, but are not limited to, futures, options, contracts for difference, forward contracts on financial instruments and options on such contracts, credit linked instruments, to be announced mortgage-backed securities ("TBAs) and swap and other fixed income, currency and credit derivatives. The Fund may overlay direct investment using financial derivative instruments. The Fund may hold up to 100% of its net assets in short positions through the use of financial derivative instruments. Short-term money market instruments and deposits with credit institutions may be held on an ancillary basis. However, the Fund is opportunistic and it may invest up to 100% of its assets in short-term money market instruments, deposits with credit institutions and government securities until suitable investment opportunities can be identified. The Fund may invest up to 10% of its total assets in convertible bonds. Whilst it is unlikely, the Fund may, for a limited period, hold up to 5% of its total assets in equity securities as a result of events relating to the Fund's investments in debt securities converting or being restructured. The Fund may also use equity derivatives for the purposes of managing equity exposure as well as the Fund's correlation to equity markets. The Fund may also invest in other investment funds and/or collective investment schemes. The Fund may hold up to a maximum of 10% of its assets in Contingent Convertible Securities**. AUD is the reference currency of the Fund but a substantial part of the assets of the Fund may be denominated in other currencies, which may be hedged into AUD. Through currency hedging, the Fund seeks to minimise the effect of currency fluctuations between the currencies of the underlying assets and the base/reference currency of the Fund. **A type of investment instrument that, upon the occurrence of a predetermined event (commonly known as a "trigger event), can be converted into shares of the issuing company, potentially at a discounted price, or the principal amount invested may be lost on a permanent or temporary basis. Coupon payments on Contingent Convertible Securities are discretionary and may also be cancelled by the issuer. Trigger events can vary but these could include the capital ratio of the issuing company falling below a certain level or the share price of the issuer falling to a particular level for a certain period of time. |