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Income Builder Fund - A (JNBAX)

Income Builder Fund - A (JNBAX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Jeff Geller
Jeffrey Geller| CFA – Managing Director Biography

Jeffrey Geller is a Chief Investment Officer of Multi-Asset Solutions. As head of the New York team, he has investment oversight responsibility for all accounts managed by the group. Jeff is also a portfolio manager for less constrained multi-asset class portfolios as well as portfolios with alternatives exposure. Before joining J.P. Morgan in 2006, Jeff was director of Hedge Fund Investments at Russell Investment Group where he served as chairman of Russell's hedge fund investment committee. Prior to that, Jeff was a senior partner at BEA Associates (Credit Suisse Asset Management). Jeff earned a B.A. in Government from Clark University and an M.B.A. in Finance from the University of Chicago Graduate School of Business and is a CFA charterholder.

  • B.A., Government, Clark University
  • M.B.A., Finance, University of Chicago Graduate School of Business
  • Industry Experience, 37 Years
  • Firm Experience, 9 Years
  • Fund Experience, 8 Years
Other funds managed by Jeffrey Geller:
Anne Lester
Anne Lester| Managing Director Biography

Anne Lester is a portfolio manager and Head of Retirement Solutions for J.P. Morgan Asset Management's Global Investment Management Solutions where she is responsible for advancing the firm's market-leading retirement investment product offering and thought leadership. Ms. Lester has also been responsible for the development of the firm's defined contribution asset allocation strategies including the JPMorgan SmartRetirement target date funds and the firm’s Dynamic Withdrawal strategy. She is also a member of the portfolio management team of the JPMorgan Income Builder Fund. Prior to joining the firm in 1992, Anne was awarded a Fulbright Scholarship in 1990 and spent over a year in Tokyo, working for a member of the Japanese Parliament. Previously, she worked for the Senate Governmental Affairs Committee.

  • B.A., Politics, Princeton University
  • M.A., International Economics and Japan Studies, Johns Hopkins University School for Advanced International Studies
  • Industry Experience, 23 Years
  • Firm Experience, 23 Years
  • Fund Experience, 6 Years
Other funds managed by Anne Lester:
Michael Schoenhaut
Michael Schoenhaut| CFA – Managing Director Biography

Michael Schoenhaut is a portfolio manager on J.P. Morgan Asset Management’s Multi-Asset Solutions team based in New York. Michael, an employee since 1997, is primarily responsible for portfolio construction, manager selection and the interpretation and implementation of the team’s asset allocation views in their multi-asset portfolios. He manages a global suite of multi-asset income funds, the SmartRetirement target date funds, and traditional balanced strategies. Michael obtained a B.S. in Operations Research and Industrial Engineering from Cornell University and is a CFA charterholder.

  • B.S., Industrial Engineering, Cornell University
  • Industry Experience, 18 Years
  • Firm Experience, 18 Years
  • Fund Experience, 8 Years
Other funds managed by Michael Schoenhaut:
Eric Bernbaum
Eric Bernbaum| CFA - Vice President Biography

Eric Bernbaum is a portfolio manager for J.P. Morgan Asset Management's Multi-Asset Solutions team based in New York. An employee since 2008, Eric is responsible for manager selection and portfolio construction. He focuses on portfolio management and the interpretation and implementation of tactical asset allocation strategy across multi-asset class portfolios, with a specific focus on outcome-oriented strategies, including target date, income, and total return. Eric obtained a B.S. in Applied Economics and Management from Cornell University and is a CFA charterholder.

  • Industry Experience, 7 Years
  • Firm Experience, 7 Years
  • Fund Experience, 1 Year
Other funds managed by Eric Bernbaum:

Asset allocation/diversification does not guarantee investment returns and does not eliminate the risk of loss.

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 may invest up to 60% of its total assets in equity securities.

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.

The Fund has the ability to invest 0 to 100% of its total assets in high yield securities. Under normal circumstances, the Fund expects to invest no more than 70% of its total assets in such securities.

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 real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, including default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and creditworthiness of REIT issuers.

Investments in derivatives may be riskier than other types of investments. They may be more sensitive to changes in economic or market conditions than other types of investments. Many derivatives create leverage, which could lead to greater volatility and losses that significantly exceed the original investment.

Total return assumes reinvestment of income.