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Inflation Managed Bond Fund - Select (JRBSX)

Inflation Managed Bond Fund - Select (JRBSX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Top ten holdings (as of 10/31/2015)
1. U.S. Treasury Inflation Indexed Notes, 0.13%, 4/15/2017 10.2%
2. Federal National Mortgage Association, 2.63%, 9/6/2024 4.3%
3. Federal Home Loan Mortgage Corp., 2.38%, 1/13/2022 3.8%
4. Federal National Mortgage Association, 1.75%, 6/20/2019 3.2%
5. U.S. Treasury Inflation Indexed Notes, 1.63%, 1/15/2018 2.8%
6. U.S. Treasury Inflation Indexed Notes, 0.13%, 4/15/2016 2.6%
7. U.S. Treasury Inflation Indexed Notes, 0.13%, 1/15/2022 2.1%
8. Federal Home Loan Mortgage Corp., 0.75%, 7/14/2017 1.8%
9. Federal Home Loan Mortgage Corp., 1.25%, 10/2/2019 1.5%
10. Federal Home Loan Bank, 0.75%, 8/28/2017 1.2%
Total of top ten 33.5%
Portfolio breakdown* (as of 10/31/2015)
Asset-Backed Securities 7.3%
Collateralized Mortgage Obligations 16.9%
Commercial Mortgage-Backed Securities 3.0%
Corporate Bonds 28.5%
Mortgage Pass-Through Securities 7.6%
U.S. Government Agency Securities 16.1%
U.S. Treasury Obligations 20.2%
Other 0.5%

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

Average life* (as of 10/31/2015)
Less than one year 13.2%
Years 1-3 28.3%
Years 3-5 19.2%
Years 5-7 19.9%
Years 7-10 18.1%
Years 10-20 1.7%
Years 20-30 -0.4%
Duration 2.36 years
Average Life 4.1 years

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

Portfolio stats (as of 10/31/2015)
Number of Holdings 1212
Fund Assets $1.67
(in billions)
Turnover Ratio 28.27%
(Trailing 12 month) (2/28/2015)
Yield to maturity 2.14%
Quality* (as of 10/31/2015)
AAA 72.2%
AA 3.7%
A 14.7%
BBB 11.8%
BB 0.3%
Not rated -2.8%

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 middle 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.

Ordinarily the Fund will invest at least 80% of its total assets in corporate, U.S. government and agency debt, mortgage-related securities, both domestic and foreign.

The Fund may invest up to 10% of its assets in "sub-prime" mortgage-related securities. The risk of defaults is generally higher in the case of mortgage-backed investments that include so-called "sub-prime" mortgages. The structure of some of these securities may be complex and there may be less available information than other types of debt securities.

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.

The Fund employs a "total return" investment strategy meaning it is designed to protect the total return generated by its core fixed income holdings from inflation risk. The fund seeks to achieve this objective by using swaps and derivatives. As a secondary strategy, the Fund has the ability to invest directly in inflation-protected securities, such as Treasury Inflation Protected securities(TIPs).

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.