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
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.
BENCHMARK Bloomberg AusBond Bank Bill Index
FUND SIZE Bloomberg AusBond Bank Bill Index
FEES 0.50% of the NAV of the Fund



Benefits of investing in the JPMorgan Global Strategic Bond Fund

  • Flexible, unconstrained approach to fixed income asset allocation: The flexible unconstrained approach of the Fund seeks to ensure your fixed income positioning is always optimised. The objective is to move dynamically to maximise returns from the most attractive opportunities, wherever they are to be found.
  • Taking advantage of investment opportunities: The Fund has the freedom to take advantage of the most compelling opportunities from across the global fixed income spectrum including emerging markets debt, mortgage and asset- backed bonds, high yield bonds, government bonds and investment grade corporate bonds.
  • Expert management: The Fund is managed by J.P. Morgan Asset Management's highly experienced personnel, including the Global Chief Investment Officer for international fixed income, who is supported by the expert insights of J.P. Morgan Asset Management's fixed income specialists, based in local markets across the globe.

Risk level


Investor suitability

The 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 multi­sector approach. Investors should take a long-­term investment horizon.




Key Features

About the Fund

The 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

  • Best ideas' actively managed unconstrained global bond fund.
  • Investing in a diversified opportunity set across global fixed income and currency markets
  • Dynamic sector management, aiming to only take risk when compelling investment opportunities are identified
  • Opportunity for a better risk-adjusted return profile by holding only the best investment ideas across the globe
  • With the flexibility to shift sector and duration allocations over time, managers can consistently generate positive performance in a range of market environments


How we invest your money

Investment Policy

The 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.