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JPMorgan High Yield Fund - R5 (JYHRX)

JPMorgan High Yield Fund - R5 (JYHRX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Top ten holdings (as of 8/31/2015)
1. Royal Bank of Scotland Group plc, 6.10%, 6/10/2023 0.7%
2. DISH DBS Corp., 6.75%, 6/1/2021 0.7%
3. ArcelorMittal, 7.00%, 2/25/2022 0.6%
4. Embarq Corp., 8.00%, 6/1/2036 0.6%
5. Sprint Communications, Inc., 9.00%, 11/15/2018 0.5%
6. Valeant Pharmaceuticals International, Inc., 5.88%, 5/15/2023 0.5%
7. CIT Group, Inc., 5.25%, 3/15/2018 0.5%
8. FCA U.S. LLC/CG Co-Issuer, Inc., 8.25%, 6/15/2021 0.5%
9. Numericable-SFR SAS, 6.00%, 5/15/2022 0.5%
10. Cablevision Systems Corp., 8.00%, 4/15/2020 0.4%
Total of top ten 5.5%
Top five industries (as of 8/31/2015)
1. Oil, Gas & Consumable Fuels 10.2%
2. Media 8.8%
3. Health Care Providers & Services 6.5%
4. Diversified Telecommunication Services 6.1%
5. Metals & Mining 4.0%
Top five sectors (as of 8/31/2015)
1. Consumer Discretionary 20.2%
2. Energy 12.0%
3. Health Care 11.5%
4. Industrials 10.7%
5. Telecommunication Services 10.2%
Yield to maturity* (as of 8/31/2015)
Under 8.0% 79.79%
8.0%-8.9% 7.27%
9.0%-9.9% 2.82%
10.0%-10.9% 2.10%
11.0% and over 8.02%
Average life 6.53 years
Effective duration 4.47 years

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

Portfolio stats (as of 8/31/2015)
Number of Issuers 491
Fund Assets $9.15
(in billions)
Turnover Ratio 51.83%
(Trailing 12 month) (2/28/2015)
Yield to maturity 7.04%
Quality* (as of 8/31/2015)
A 0.2%
BAA 3.5%
BA 38.5%
B 43.8%
CAA or lower 11.9%
Not rated 2.2%

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.

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.

The Fund has the ability to invest 100% of its total assets in high yield securities.

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.

The Fund's investment in equity securities may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. When the value of a fund's securities goes down, an investment in a fund decreases in value.

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.

The rate of return anticipated on a bond if it is held until the maturity date.