Use the Guide
Browse the Guide
Portfolio Discussions
Dr. Kelly's Review
Use the Guide
Guide to Retirement
Client Presentation
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Featured Topics
Fixed Income
Income Opportunities
U.S. Equities
Global Growth
Looking for other topics? Visit the Library
Choose a Shortcut

JPMorgan Alternative Strategies Fund - C (JARCX)

JPMorgan Alternative Strategies Fund - C (JARCX)
 ! This share class currently has a limited offering, please see prospectus for more details on the offering.
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Top ten holdings (as of 1/31/2015)
1. JPMorgan Strategic Income Opportunities Fund, Class Select 9.7%
2. JPMorgan Systematic Alpha Fund, Class Select 9.3%
3. JPMorgan Multi-Cap Market Neutral Fund, Class Select 9.0%
4. JPMorgan Hedged Equity Fund, Class Select 8.6%
5. JPMorgan Research Market Neutral Fund, Class Select 8.4%
6. JPMorgan Floating Rate Income Fund, Class Select 6.9%
7. JPMorgan U.S. Dynamic Plus Fund, Class Select 6.9%
8. JPMorgan U.S. Large Cap Core Plus Fund, Class Select 6.8%
9. JPMorgan Emerging Markets Local Currency Debt Fund, Class Select 2.7%
10. JPMorgan Inflation Managed Bond Fund, Class Select 2.0%
Total of top ten 70.3%
Sector breakdown* (as of 1/31/2015)
Absolute Return 45.8
Market Neutral 35.1
Absolute Return Fixed Income 9.6
Arbitrage Strategies 1.1
Alternative Credit 12.8
Distressed Debt 10.2
Emerging Market Debt 2.6
Opportunistic Markets 26.3
Long/Short Equities 13.5
Other Investments - Equity 8.5
Commodities 2.8
Master Limited Partnership 1.5
Portfolio Hedges 15.1
Cash & Other Hedges 7.6
Inflation-Protected Strategies 7.3
Precious Metals 0.2

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

Portfolio stats (as of 1/31/2015)
Number of Holdings 328
Number of Holdings 368
Fund Assets $11.02
(in millions)
Turnover Ratio 124.00%
(Trailing 12 month) (6/30/2014)
Risk measures* (as of 1/31/2015)
Sharpe Ratio 0.30

*All risk measures are based on a 3 year time period.

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

Unlike conventional bonds, the principal or interest of inflation-protected securities is adjusted periodically to a specified rate of inflation. There can be no assurance that the inflation index used will accurately measure the actual rate of inflation. These securities may lose value in the event that the actual rate of inflation is different than the rate of the inflation index.

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.

Real estate investing may be subject to a higher degree of market risk because of concentration in a specific industry, sector or geographical sector. Real estate investing may be subject to risks including, but not limited to, declines in the value of real estate, risks related to general and economic conditions, changes in the value of the underlying property owned by the trust and defaults by borrower.

The Fund may invest in securities that are below investment grade (i.e., "high yield" or "junk bonds") that are generally rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors Service. Although these securities tend to provide higher yields than higher-rated securities, there is a greater risk that the Fund's share price will decline.

International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and economically stable as the United States and other nations. The Fund's investments in emerging markets could lead to more volatility in the value of the Fund's shares. As mentioned above, the normal risks of investing in foreign countries are heightened when investing in emerging markets. In addition, the small size of securities markets and the low trading volume may lead to a lack of liquidity, which leads to increased volatility. Also, emerging markets may not provide adequate legal protection for private or foreign investment or private property.

The Fund may invest in derivatives that may be riskier than other types of investments because they may be more sensitive to changes in economic or market conditions and could result in losses that significantly exceed the Fund's original investment. Many derivatives create leverage that can cause the Fund to be more volatile than it would be if it had not used derivatives.

P/E ratio: the number by which earnings per share is multiplied to estimate a stock's value.

P/B ratio: the relationship between a stock's price and the book value of that stock.

Sharpe ratio: A risk-adjusted measure that determines the reward per unit of risk. The numerator is the difference between the Fund's annualized return and the annualized return of the risk-free instrument (Citigroup 3-Month Treasury Bill Index) and the denominator is the Fund's standard deviation. The Sharpe ratio is calculated over a 36-month period based on the Fund's returns. The greater the Fund's Sharpe ratio, the better its risk-adjusted performance has been. A negative Sharpe ratio indicates that a risk-free instrument would perform better than the Fund. The Sharpe ratio shown is based on the Fund's Class A Shares or the oldest share class, where Class A Shares are not available.

Standard deviation: A statistical measure of the degree to which the Fund's returns have varied from its historical average. The higher the standard deviation, the wider the range of returns from its average and the greater the historical volatility. The standard deviation is calculated over a 36-month period based on Fund's monthly returns. The standard deviation shown is based on the Fund's Class A Shares or the oldest share class, where Class A Shares are not available.

EPS: Total earnings divided by the number of shares outstanding.

Risk measures are calculated based upon the Funds' broad-based index as stated in the prospectus.