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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| Managing Director Biography

Jeffrey Geller is the Chief Investment Officer of the U.S. Global Multi-Asset Group. As head of the New York team, he has investment oversight responsibility for all accounts managed by the group and is leading the initiative to develop a multi-asset class, absolute return vehicle. Before joining JPMorgan 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).

Education
  • B.A., Government, Clark University
  • M.B.A., Finance, University of Chicago Graduate School of Business
Experience
  • Industry Experience, 36 Years
  • Firm Experience, 8 Years
  • Fund Experience, 7 Years
Other funds managed by Jeffrey Geller:
Patrik Jakobson
Patrik Jakobson| Managing Director Biography

Patrik Jakobson joined J.P. Morgan in 1987. He is a senior portfolio manager and head of Balanced Strategies for the U.S. Global Multi-Asset Group. He is a member of the Investment Committee of the U.S. Global Multi-Asset Group and a member of the Global Strategy Team which is responsible for managing the group's tactical allocation investment process and global portfolio strategy. Patrik has served as a portfolio manager for the firm's global asset allocation and balanced portfolios since 1995 and has worked extensively with institutional clients on strategic asset allocation issues. He previously managed equity portfolios and worked as a research analyst specializing in the retailing industry in corporate finance.

Education
  • B.A., Economics, Harvard University
  • M.B.A., Finance, Wharton School
Experience
  • Industry Experience, 27 Years
  • Firm Experience, 27 Years
  • Fund Experience, 7 Years
Other funds managed by Patrik Jakobson:
Anne Lester
Anne Lester| Managing Director Biography

Anne Lester joined the firm in 1992. She is a senior portfolio manager in the Global Multi-Asset Group, where she is responsible for the firm's DC asset allocation products including the SmartRetirement target-date funds. She is also the portfolio manager for a number of defined benefit plans. Prior to joining the firm, 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.

Education
  • B.A., Politics, Princeton University
  • M.A., International Economics and Japan Studies, Johns Hopkins University School for Advanced International Studies
Experience
  • Industry Experience, 22 Years
  • Firm Experience, 22 Years
  • Fund Experience, 5 Years
Other funds managed by Anne Lester:
Michael Schoenhaut
Michael Schoenhaut| Managing Director Biography

Michael Schoenhaut, managing director, is head of portfolio construction for the Global Multi-Asset Group ("GMAG") in the US. He is a member of the Investment Committee of the US GMAG and focuses on portfolio construction, manager analysis and tactical asset allocation. An employee since 1997, Michael is a portfolio manager for income strategies, target date strategies, and balanced strategies. Michael obtained a BS in Operations Research and Industrial Engineering from Cornell University and is a CFA charterholder.

Education
  • B.S., Industrial Engineering, Cornell University
Experience
  • Industry Experience, 17 Years
  • Firm Experience, 17 Years
  • Fund Experience, 7 Years
Other funds managed by Michael Schoenhaut:

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.

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.