JPMorgan Income Fund (JMSIX)

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JPMorgan Income Fund (JMSIX) is up 1.1% since the beginning of the year. JMSIX is currently trading at $8 per share. Investors who bought $1,000 worth of JMSIX shares 5 years ago would now be looking at an investment worth $1,150.

JPMorgan Income Fund (JMSIX) has returned 1.11% so far this year and 5.43% over the past 12 months. Over the last ten years, JMSIX has returned 3.95% per year, falling short of the S&P 500 Index benchmark, which averaged 13.54% annually.

Based on dividend-adjusted daily data since Nov 7, 2014, JMSIX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.

Historically, 69% of months were positive and 31% were negative. The best month was May 2020 with a return of +3.1%, while the worst month was Mar 2020 at -12.6%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 6 months.

On a daily basis, JMSIX closed higher 34% of trading days. The best single day was Mar 26, 2020 with a return of +1.9%, while the worst single day was Mar 19, 2020 at -2.9%.

JPMorgan Income Fund has an annualized alpha of 2.39%, beta of 0.05, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since November 07, 2014.

• This fund participated in 22.79% of S&P 500 Index downside but only 18.73% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.05 may look defensive, but with R2 of 0.05 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.05 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

JMSIX has an expense ratio of 0.40%, placing it in the medium range.

JMSIX ranks 81 for risk / return — in the top 81% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

JPMorgan Income Fund provided a 6.04% dividend yield over the last twelve months, with an annual payout of $0.51 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for JPMorgan Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the JPMorgan 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 Income Fund was 18.40%, occurring on Mar 25, 2020. Recovery took 186 trading sessions.

The current JPMorgan Income Fund drawdown is 0.35%.

The chart below shows the rolling one-month volatility.