JPMorgan Managed Income Fund (JMGIX)
The fund mainly invests in investment grade, U.S. dollar denominated short-term fixed and floating rate debt securities. The adviser will concentrate its investments in the banking industry. Therefore, under normal conditions, the fund will invest more than 25% of its assets in securities issued by companies in the banking industry. The fund may, however, invest less than 25% of its assets in this industry as a temporary defensive measure.
Fund Info
ISIN | US48121A4159 |
---|---|
CUSIP | 48121A415 |
Issuer | Blackrock |
Inception Date | Sep 30, 2010 |
Category | Ultrashort Bond |
Min. Investment | $3,000,000 |
Asset Class | Bond |
Expense Ratio
JMGIX has a high expense ratio of 0.25%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: JMGIX vs. SADIX, JMGIX vs. VIMAX, JMGIX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in JPMorgan Managed Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
JPMorgan Managed Income Fund had a return of 2.12% year-to-date (YTD) and 5.31% in the last 12 months. Over the past 10 years, JPMorgan Managed Income Fund had an annualized return of 1.71%, while the S&P 500 had an annualized return of 10.71%, indicating that JPMorgan Managed Income Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 2.12% | 8.76% |
1 month | 0.43% | -0.28% |
6 months | 2.98% | 18.36% |
1 year | 5.31% | 25.94% |
5 years (annualized) | 2.19% | 12.51% |
10 years (annualized) | 1.71% | 10.71% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.90% | 0.32% | 0.45% | 0.43% | ||||||||
2023 | 0.97% | 0.64% | 0.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of JMGIX is 98, placing it in the top 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
JMGIX (JPMorgan Managed Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for JPMorgan Managed Income Fund (JMGIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
JPMorgan Managed Income Fund granted a 5.05% dividend yield in the last twelve months. The annual payout for that period amounted to $0.51 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.51 | $0.46 | $0.13 | $0.05 | $0.13 | $0.26 | $0.21 | $0.14 | $0.09 | $0.04 | $0.04 | $0.04 |
Dividend yield | 5.05% | 4.57% | 1.31% | 0.45% | 1.31% | 2.57% | 2.15% | 1.40% | 0.92% | 0.43% | 0.40% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Managed Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.04 | $0.04 | $0.04 | $0.04 | ||||||||
2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2020 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 |
2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
2013 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the JPMorgan Managed Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the JPMorgan Managed Income Fund was 2.18%, occurring on Mar 24, 2020. Recovery took 46 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-2.18% | Mar 10, 2020 | 11 | Mar 24, 2020 | 46 | May 29, 2020 | 57 |
-0.7% | Oct 4, 2021 | 176 | Jun 14, 2022 | 96 | Oct 31, 2022 | 272 |
-0.6% | May 5, 2023 | 16 | May 26, 2023 | 23 | Jun 30, 2023 | 39 |
-0.4% | Mar 16, 2023 | 4 | Mar 21, 2023 | 9 | Apr 3, 2023 | 13 |
-0.2% | Apr 14, 2023 | 3 | Apr 18, 2023 | 5 | Apr 25, 2023 | 8 |
Volatility
Volatility Chart
The current JPMorgan Managed Income Fund volatility is 0.43%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.