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Managed Income Fund - Select (JMGSX)

Managed Income Fund - Select (JMGSX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Performance basics
  Total returns
(as of 4/30/2015)
Annualized returns
(as of 4/30/2015)

at NAV 0.02% 0.07% 0.18% 0.31% 0.37% N/A 0.38%
BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.00% 0.00% 0.01% 0.02% 0.07% N/A 0.08%
Lipper Ultra Short Obligation Funds Index 0.06% 0.23% 0.32% 0.49% 0.75% N/A 0.82%

Performance Inception Date:9/30/10

The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end, please call 1-800-480-4111.

Lipper Index since inception returns are as of month-end. The performance quoted is past performance and is not a guarantee of future results.


Cumulative returns (as of 4/30/2015)
  1 Year 3 Year 5 Year Incept
at NAV 0.31% 1.11% N/A 1.73%
Share price stability
Calendar year returns
at NAV
BofA Merrill Lynch 3-Month U.S. Treasury Bill Index
Lipper Ultra Short Obligation Funds Index
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
N/A N/A N/A N/A N/A N/A 0.31% 0.62% 0.34% 0.30%
N/A N/A N/A N/A N/A N/A 0.10% 0.11% 0.07% 0.03%
N/A N/A N/A N/A N/A N/A 0.57% 1.78% 0.50% 0.49%
Browse your yearly returns: 2005

N/A: Not available at this time

Annual operating expenses (%)
Expense cap expiration date 06/30/2015
Expense cap 0.40%
Total annual operating expenses 0.50%
Fee waivers and/or expense reimbursements 0.10%
Net expenses 0.40%

Fee waivers and/or expense reimbursements,Net Expenses
The Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date. This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.

  3/31/2015   4/30/2015
30-Day SEC Yield 0.27% 0.27%
30-Day SEC Yield (Unsubsidized) 0.11% 0.11%
Dividend Yield 0.27% 0.27%

Must be preceded or accompanied by a prospectus

Morningstar ratings (as of 4/30/2015)
Morningstar category: Ultrashort Bond
114 funds in category
3 Year
114 funds in category

2015, Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damage or losses arising from any use of this information. Past performance is not a guarantee of future results. For each fund with a three-year history, Morningstar calculates a Morningstar Rating™ metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund's load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. Different share classes may have different ratings.

The Fund's fixed income securities are subject to interest rate risk. If rates increase, the value of the Fund's investments generally declines.

Under normal circumstances, the Fund will invest more than 25% of its assets in securities issued by companies in the banking industry. Developments affecting the banking industry may have a disproportionate impact on the Fund.

The Fund may invest in mortgage-related and asset-backed securities that may or may not be guaranteed by governments and their agencies, supranational organizations, corporations, or banks. The value of these assets will be influenced by factors affecting the assets underlying such securities. During periods of declining asset values, the asset-backed securities may decline in value.

The Fund will mainly invest in investment grade, U.S. dollar denominated short-term fixed and floating rate debt securities of corporate and U.S. and foreign government issuers.

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 BofA Merrill Lynch 3-Month U.S. Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. Each month the index is rebalanced and the issue selected is the outstanding Treasury Bill that matures closest to, but not beyond 3 months from the rebalancing date. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. An individual cannot invest directly in an index.

The performance of the Lipper Ultra Short Obligation Funds Index includes expenses associated with a mutual fund, such as investment management fees. These expenses are not identical to the expenses charged by the Fund.

Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees and/or reimbursement of certain expenses for certain periods since the inception date. If fees had not been waived and/or certain expenses were not reimbursed, performance would have been less favorable.