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JPM Unconstrained Bond C Acc

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  • Performance
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  • Dividend History
Fund Provider J.P. Morgan Asset Management
Fund Summary To maximise returns by investing primarily in a global portfolio of fixed and floating rate Debt Securities. In the fund managers view, maximising returns means generating higher returns than those of the Funds Benchmark (ICE Overnight GBP LIBOR) which includes providing positive returns over a rolling 3 year period in all market conditions. A positive return is not guaranteed over this or any time period and capital loss may occur. The Fund may invest in developed and Emerging Market countries and hold Investment Grade, Below-Investment Grade and Unrated Bonds, Asset and Mortgage Backed Securities (ABS and MBS), Credit Linked Notes and Structured Products. The Fund may have a concentrated portfolio and may have a significant exposure to any one country, sector or issuer at any time. Allocations between countries, sectors and ratings of Bonds may vary significantly at any time.
Fund code SPSNA
Managers Robert Michele, Iain T. Stealey
Manager Tenure 10 years
Morningstar Category Global Flexible Bond - GBP Hedged
IMA Sector Targeted Absolute Return
Fund Size £534 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 0.65%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £1.134
Buy Price £1.134
Price Change +0.0883%
Price Date 20th September 2019
Yield 3.06%
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 6th May 2009
Fund Status OPEN
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 Schroders U.S. Fixed Income Group, based in New York. Bob was at BlackRock from 1995 to 1998, responsible for managing core bond portfolios and developing credit strategies across all client mandates. Prior to that, Bob spent five years at FirstBoston Asset Management as head of their domestic fixed income desk. Before that, he was at Brown Brothers Harriman for eight years managing taxable, total return portfolios for non-U.S. institutions. Bob began his career at Bankers Trust, working as an investment analyst and portfolio manager. 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.

3-year Mean Monthly Return: 0.104%

Annual Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund Performance +2.08% +0.09% +3.37% +1.81% 0.00% +5.31% +1.85% +3.46% +6.61% +12.98%
Benchmark Performance
(Global Flexible Bond - GBP Hedged)
+2.27% +1.88% +4.53% +2.44% +3.07%
Time Period Cumulative Benchmark Performance
(Global Flexible Bond - GBP Hedged)
Fund Compared to Benchmark
1 day 0.00% +0.07% Currently unavailable
1 week 0.00% +0.37% Currently unavailable
1 month 0.00% +0.88% Currently unavailable
3 months 0.71% +2.17% -1.46%
6 months 1.71% +4.87% -3.17%
1 year 1.25% +3.53% -2.28%
3 years 4.33% +9.31% -4.98%
5 years 8.01% +13.33% -5.32%
10 years 36.68% +94.33% -57.65%
YTD 4.42% +4.91% -0.49%
Since inception 49.69% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Government National Mortgage Association 3.5% USA 6.36%
Australia (Commonwealth of) 2.75% AUS 6.05%
Government National Mortgage Association 4% USA 4.92%
Spain (Kingdom of) 5.15% ESP 3.30%
JPM GBP Liquidity LVNAV X (dist.) LUX 2.49%
United States Treasury Bonds 1.08% USA 2.23%
Federal National Mortgage Association 3.5% USA 1.42%
Federal National Mortgage Association 3.5% USA 1.40%
FHLMC Pc Prepay Prm 30 3% USA 1.32%
Dividend Date Per share amount Reinvestment Price
1st August 2019 0.0102 £1.1330
1st May 2019 0.0109 £1.1230
1st February 2019 0.0102 £1.1050
1st November 2018 0.0103 £1.1100
1st August 2018 0.0096 £1.1130
1st May 2018 0.0098 £1.1120