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JPMorgan Commodities Strategy Fund - C (CCSFX)

JPMorgan Commodities Strategy Fund - C (CCSFX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Commodity maturity*,1 (as of 10/31/2015)
0 - 3 Months 51.2%
3 - 6 Months 33.8%
6+ Months 15.0%

*Due to rounding, values may not total 100%.

1MV weighted, not adjusted for volatility.

Fixed income maturity*,2 (as of 10/31/2015)
< one month 100.0%

*Due to rounding, values may not total 100%.

2Includes treasuries and cash.

Commodity allocation (%)* (as of 10/31/2015)
Index Fund
Energy 32.6 33.2
Agricultural 30.7 31.1
Precious metals 17.0 17.0
Industrial metals 15.0 15.1
Livestock 4.8 5.2

*Due to rounding, individual holdings may not add up to sector subtotals.

Commodity-linked investments (%)* (as of 10/31/2015)
Energy 33.2
WTI Crude Oil 8.6
Brent Crude 8.4
Natural Gas 8.2
Unleaded Gas 4.1
Heating Oil 3.9
Agricultural 31.1
Corn 7.8
Soybeans 5.3
Sugar 4.4
Wheat 3.4
Soybean Meal 2.9
Soybean Oil 2.7
Cotton 1.8
Coffee 1.7
Kansas Wheat 1.1
Minneapolis Wheat 0.0
Precious metals 17.0
Gold 12.5
Silver 4.5
Industrial metals 15.1
Copper 7.1
Aluminum 4.3
Zinc 2.2
Nickel 1.5
Livestock 5.2
Live Cattle 3.4
Lean Hogs 1.9

*Due to rounding, individual holdings may not add up to sector subtotals.

Portfolio stats (as of 10/31/2015)
Fund Assets $50.33
(in millions)

What's this? Mouse over an  underlined  word to see its definition. Check out our glossary >

The Fund will gain exposure to commodity markets primarily by investing up to 25% of its total assets in the JPM Commodities Strategy Fund Ltd a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands. By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary's investments. The derivatives and other investments held by the Subsidiary are generally similar to those that are permitted to be held by the Fund and are subject to the same risks that apply to similar investments if held directly by the Fund. The Fund may use derivatives in connection with its investment strategies. Derivatives may be riskier than other types of investments because they may be more sensitive to changes in economic or market conditions than other types of investments and could result in losses that significantly exceed the Fund's original investment. The Subsidiary may use derivatives to obtain long or short exposure in an attempt to increase the Subsidiary's income or gain, to hedge various investments and for risk management. In rising markets, the Fund expects that the value of the long positions will appreciate more rapidly than the short positions, and in declining markets, that the value of the short positions will appreciate more rapidly than the long positions. The techniques and strategies contemplated by the Fund are expected to result in a high degree of portfolio turnover. Portfolio turnover may vary greatly from year to year as well as within a particular year. High portfolio turnover (e.g. over 100%) may involve correspondingly greater expenses to the Fund, including brokerage commissions or dealer mark-ups and other transaction costs on the sale of securities and reinvestments in other securities.

The Fund's investment in income securities is subject to interest rate risks. Bond prices generally fall when interest rates rise. The Fund will have a significant portion of its assets concentrated in commodity-linked securities. Developments affecting commodities will have a disproportionate impact on the Fund. The Fund's investment in commodity-linked derivative instruments may subject the Fund to greater volatility than investments in traditional securities, particularly if the instruments involve leverage. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. Use of leveraged commodity-linked derivatives creates an opportunity for increased return but, at the same time, creates the possibility for greater loss (including the likelihood of greater volatility of the Fund's net asset value), and there can be no assurance that the Fund's use of leverage will be successful.

Total return assumes reinvestment of income.