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Managed Income Fund - Institutional (JMGIX)

Managed Income Fund - Institutional (JMGIX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Top ten holdings (as of 6/30/2015)
1. Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., 0.56%, 11/23/2016 1.6%
2. Toronto-Dominion Bank (The), 0.74%, 9/9/2016 1.5%
3. ABN AMRO Bank N.V., 1.38%, 1/22/2016 1.2%
4. UBS AG, 0.78%, 9/26/2016 1.1%
5. Barclays Dryrock Issuance Trust, Class A, 0.64%, 8/15/2018 1.1%
6. Standard Chartered plc, 3.20%, 5/12/2016 1.1%
7. Mercedes-Benz Auto Lease Trust, Class A3, 0.68%, 12/15/2016 1.0%
8. Hutchison Whampoa International 09/16 Ltd., 4.63%, 9/11/2015 1.0%
9. American International Group, Inc., 5.05%, 10/1/2015 1.0%
10. Goldman Sachs Group, Inc. (The), 3.63%, 2/7/2016 0.9%
Total of top ten 11.5%
Portfolio breakdown* (as of 6/30/2015)
Asset-Backed Securities 21.0%
Certificate of Deposits 4.1%
Corporate Bonds 49.4%
Short-Term Investments 24.5%
U.S. Government Agency Securities 1.1%

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

Average life* (as of 6/30/2015)
Less than one year 77.3%
Years 1-3 22.7%
Duration 0.32 years
Average Maturity 1.03 years
Average Life 0.62 years

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

Contribution to duration (in years) (as of 6/30/2015)
Corporate (Investment Grade) 0.19
Asset Backed Securities 0.10
Cash/Cash-Equivalent 0.07
Agency 0.01
Treasuries/Futures -0.06
Portfolio stats (as of 6/30/2015)
Number of Holdings 306
Fund Assets $5.42
(in billions)
Turnover Ratio 111.56%
(Trailing 12 month) (2/28/2015)
Bond equivalent yield 0.70%
Quality* (as of 6/30/2015)
AAA 24.9%
AA 9.7%
A 46.4%
BBB 19.1%

The manager receives credit quality ratings on underlying securities of the portfolio from the three major ratings agencies - S&P, Moody's and Fitch. When calculating the credit quality breakdown, the manager selects the lowest rating of the agencies when all three agencies rate a security. The manager will use the lower of the two ratings if only two agencies rate a security and will use one rating if that is all that is provided. Securities that are not rated by all three agencies are reflected as such.

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


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

The Fund's fixed income securities are subject to interest rate risk. If rates increase, the value of the Fund's investments generally declines.

Under normal circumstances, the Fund will invest more than 25% of its assets in securities issued by companies in the banking industry. Developments affecting the banking industry may have a disproportionate impact on the Fund.

The Fund may invest in mortgage-related and asset-backed securities that may or may not be guaranteed by governments and their agencies, supranational organizations, corporations, or banks. The value of these assets will be influenced by factors affecting the assets underlying such securities. During periods of declining asset values, the asset-backed securities may decline in value.

The Fund will mainly invest in investment grade, U.S. dollar denominated short-term fixed and floating rate debt securities of corporate and U.S. and foreign government issuers.

The Fund may invest in futures contracts and derivatives. Many derivatives create leverage that can cause the Fund to be more volatile than it would be if it had not used derivatives.

Total return assumes reinvestment of income.

The top 10 holdings listed reflect only the Fund's long-term investments. Short-term investments are excluded. Holdings are subject to change. The holdings listed should not be considered recommendations to purchase or sell a particular security. Each individual security is calculated as a percentage of the aggregate market value of the securities held in the Fund and does not include the use of derivative positions, where applicable.