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Mortgage-Backed Securities Fund - R6 (JMBUX)

Mortgage-Backed Securities Fund - R6 (JMBUX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Doug Swanson
Douglas Swanson| Managing Director Biography

Douglas S. Swanson, managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Columbus, Doug is the team leader and head portfolio manager for the U.S. Value Driven team and is responsible for overseeing U.S. value-driven fixed income strategies including core, intermediate, short duration, long duration, MBS, inflation managed and stable value. In addition to his investment role, Doug also is the Location Head for all Columbus-based employees. An employee since 1983, he previously worked as managing director of the Taxable Bond team for Banc One Investment Advisors. Prior to this, Doug was first vice president and portfolio manager at First Chicago NBD Corporation, where he managed the government/corporate desk and large institutional portfolios. Prior to that position, Doug was a fixed income quantitative research analyst. He holds a B.S. in chemistry from the Massachusetts Institute of Technology and an M.S. in management from the Sloan School at the Massachusetts Institute of Technology.

Education
  • B.S., Chemistry, Massachusetts Institute of Technology
  • M.S., Management, Sloan School, Massachusetts Institute of Technology
Experience
  • Industry Experience, 31 Years
  • Firm Experience, 31 Years
  • Fund Experience, 14 Years
Other funds managed by Douglas Swanson:
Michael Sais
Michael Sais| Managing Director Biography

Michael Sais, CFA, joined JPMorgan in 1994. Michael is a fixed income fund manager for the Insurance Asset Management Team responsible for managing investments consistent with the unique requirements of insurance industry clients. Additionally, he is a member of the Taxable Bond Team, where he has served as lead manager for the Ultra Short-Term Bond Fund since 1995 and Government Bond products since 1996. Michael joined the firm as a senior fixed income research analyst responsible for the valuation and analysis of the mortgage-backed securities market. Prior to this, he served as senior investment portfolio manager of Valley National Bank of Phoenix, where he was responsible for the management of the bank's $2.2 billion investment portfolio. Michael began his career with Citibank in San Juan, Puerto Rico, as an asset/liability manager and eurodollar trader.

Education
  • B.S. and M.B.A, Finance, Indiana University
Experience
  • Industry Experience, 27 Years
  • Firm Experience, 20 Years
  • Fund Experience, 9 Years
Other funds managed by Michael Sais:

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 collateralized mortgage obligations (CMOs), Mortgage-related, and asset-backed securities which are subject to certain risks. Under normal circumstances, the Fund will invest at least 80% of its assets in mortgage-backed securities, and as a matter of policy at least 65% of the Fund's assets in bonds.

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.