JBGIX — Aberdeen Total Return Bond Fund
Data updated: 2021-09-28
JBGIX — Aberdeen Total Return Bond Fund. Bond · $111.10M AUM · 0.45% expense ratio · 1.0% 1-yr return. Holdings, fees, performance and SEC filings.
JBGIX Fund Overview
JBGIX — Aberdeen Total Return Bond Fund is a US mutual fund managed by Aberdeen Investment Funds, categorised as Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Aberdeen Investment Funds
- Category: Bond
- Assets under management: $111.10M
- 1-year return: 1.0%
- Ticker: JBGIX
- SEC CIK: 0000887210
- SEC series ID: S000006120
- Share class ID: C000016843
JBGIX Investment Objective and Strategy
Aberdeen Total Return Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aberdeen Investment Funds.
Investment objective
The Aberdeen Total Return Bond Fund (the Total Return Bond Fund or the Fund) seeks to provide total return, which is derived from capital appreciation and income.
Principal investment strategy
The Total Return Bond Fund seeks to achieve its goal by investing primarily in a diversified portfolio of fixed income securities issued or guaranteed by the U.S. or foreign governments or their agencies, instrumentalities or political subdivisions; supranational entities organized or supported by several national governments, such as the International Bank for Reconstruction and Development (the World Bank), municipalities; and corporations in developed and emerging markets. Under normal circumstances, the Fund will invest at least 80% of the value of its net assets, including any fixed income related futures, options, swaps and other instruments as well as borrowings for investment purposes, in investment grade bonds (i.e., fixed income securities). If the Fund changes its 80% investment policy, it will notify shareholders at least 60 days before the change and, if necessary, will change the name of the Total Return Bond Fund.
The Fund may invest in securities (including tax-exempt securities) issued by states, municipalities and other political subdivisions, agencies, authorities and instrumentalities of states and multi-state agencies or authorities (Municipal Bonds). The Fund may also invest in bonds issued by corporations in developed and emerging markets. The Fund may invest in restricted securities and private placements including securities issued under Rule 144A and/or Regulation S (Regulation S Securities). The Fund will invest less than 25% of its total assets, as measured at the time of purchase, in securities issued by any one foreign government, its agencies, instrumentalities or political subdivisions. The Fund will not purchase more than 10% of the voting securities of any one issuer, more than 10% of the securities of any class of any one issuer or more than 10% of the outstanding debt securities of any one issuer (other than U.S.
Government securities). The Fund normally invests in investment grade fixed income securities rated at the time of purchase Baa3 or better by Moodys Investors Service, Inc. (Moodys) or BBB- or better by Standard & Poors Rating Service (S&P), or a comparable investment grade rating by a nationally recognized statistical rating organization, or unrated bonds determined by the Adviser to be of comparable quality. Although the Fund typically invests in investment grade fixed income securities, it may continue to hold a security that has been downgraded below investment grade (i.e., junk bonds). The strategy is primarily focused on U.S. Dollar-denominated securities. However, the Fund may invest in securities denominated in the currencies of a variety of countries. The Fund may also invest in securities denominated in multinational currencies such as the Euro.
In an effort to protect the Fund against a decline in the value of portfolio securities due to fluctuations in currency exchange rates, the Adviser may enter into currency hedges that may decrease or offset any losses from such fluctuations. The Fund will invest less than 40% of its total assets, as measured at the time of purchase, in any one country other than the United States. The Fund invests in mortgage-backed and other asset-backed securities, including to be announced (TBA) instruments and corporate assets such as credit card receivables and automobile loan receivables. As of October 31, 2017, the Fund had 1.5% of its net assets invested in government sponsored mortgage-backed securities, and an additional 32.1% of its net assets in other asset-backed securities. The Adviser examines the material risks of an investment across a spectrum of considerations including financial metrics, regional and national conditions, industry specific factors and ESG (Environmental, Social and Governance) risks.
ESG considerations are fully integrated across all asset classes. The Adviser assesses how these issues are managed and mitigated as well as the opportunities they might create for the issuer. The Adviser seeks to provide the appreciation component of total return by selecting debt securities at prices that the Adviser expects to benefit from anticipated changes in economic and market conditions. In managing the Funds investments, the Adviser will seek to construct an investment portfolio with a duration of no less than zero years in absolute terms and no more than one year above the portfolio duration of the securities comprising the Bloomberg Barclays U.S. Aggregate Bond Index. Duration is a measure used to determine the sensitivity of a securitys price to changes in interest rates. As of October 31, 2017, the duration of the Bloomberg Barclays U.S.
Aggregate Bond Index was 5.95 years. The Fund may engage in active and frequent trading of portfolio securities to achieve its investment objective.
JBGIX Performance
Total returns for JBGIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.0% |
| 3 years (annualised) | 6.3% |
JBGIX Risk Information
Risk metrics for JBGIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.3%
JBGIX Costs and Fees
JBGIX costs about $45 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.45%
- Gross expense ratio: 0.75%
- Portfolio turnover: 269%
- Brokerage commissions: 0.50 bps of average net assets (SEC N-CEN)
JBGIX Cashflows
Over the 12 months to 2021-07, Aberdeen Total Return Bond Fund had net outflows of $67.31M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-07 | −$52.20M |
| 2021-06 | −$31.27M |
| 2021-05 | −$5.79M |
| 2021-04 | $2.02M |
| 2021-03 | −$4.41M |
| 2021-02 | $712.33K |
JBGIX Debt Constituents
No individual debt constituents are reported in Aberdeen Total Return Bond Fund's latest SEC N-PORT filing.
JBGIX Prospectus and SEC Filings
Official Aberdeen Total Return Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus (485BPOS) — filed 2020-03-18
- Prospectus (485BPOS) — filed 2019-03-13
- Portfolio holdings (N-PORT) — filed 2021-09-28
- Portfolio holdings (N-PORT) — filed 2021-06-17
- Portfolio holdings (N-PORT) — filed 2021-03-30
- Annual census (N-CEN) — filed 2021-01-14
- Annual census (N-CEN) — filed 2020-01-13
Related Funds
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.