JCKUX — JPMorgan Core Focus SMA Fund
Data updated: 2023-01-27
JCKUX — JPMorgan Core Focus SMA Fund. Total / Aggregate Bond · $20.31M AUM · 0.00% expense ratio. Holdings, fees, performance and SEC filings.
JCKUX Fund Overview
JCKUX — JPMorgan Core Focus SMA Fund is a US mutual fund managed by JPMorgan Trust IV, categorised as Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: JPMorgan Trust IV
- Category: Total / Aggregate Bond
- Assets under management: $20.31M
- 1-year return: -8.4%
- Ticker: JCKUX
- SEC CIK: 0001659326
- SEC series ID: S000057630
- Share class ID: C000184046
JCKUX Investment Objective and Strategy
JPMorgan Core Focus SMA Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by JPMorgan Trust IV.
Investment objective
The Fund seeks to maximize total return.
Principal investment strategy
The Fund is designed to maximize total return by investing in a portfolio of investment grade debt securities. The Fund is offered as a component of the JPMorgan Core Bond SMA Managed Account Strategy (SMA Strategy) to participants in separately managed account (SMA) programs. The SMA Strategy consists of a separately managed account that holds both the Fund and other securities and investments directly for the SMA clients. As a result, the Fund will not hold all of the core bond investments of the SMA Strategy but rather will invest in certain securities and investments that can be traded more efficiently if held by an investment company rather than directly. Since the Fund will be used as part of a SMA Strategy, it is not intended to be a stand-alone core bond investment strategy. As part of its main investment strategy, the Fund principally invests in corporate bonds, U.S.
government and agency securities, and asset-backed, mortgage-related and mortgage-backed securities. Mortgage-related and mortgage-backed securities may be structured as collateralized mortgage obligations (agency and non-agency), stripped mortgage-backed securities, commercial mortgage-backed securities, mortgage pass-through securities and cash and cash equivalents. These securities may be structured such that payments consist of interest-only (IO), principal-only (PO) or principal and interest. While the Funds investments may be of any maturity, the Funds average weighted maturity will ordinarily range between two and 12 years. The Fund may have a longer or shorter average weighted maturity under certain market conditions and the Fund may shorten or lengthen its average weighted maturity if deemed appropriate for temporary defensive purposes.
Because of the Funds holdings in asset-backed, mortgage-related, mortgage-backed and other structured securities, the Funds average weighted maturity is equivalent to the average weighted maturity of the cash flows in the securities held by the Fund given certain prepayment assumptions (also known as weighted average life). Securities will be rated investment grade (or unrated but deemed by the adviser to be of comparable quality to investment grade securities) at the time of purchase. In addition, all securities will be U.S. dollar-denominated although they may be issued by a foreign issuer or a U.S. affiliate of a foreign issuer. The adviser may invest a significant portion or all of its assets in mortgage-related and mortgage-backed securities in the advisers discretion. The Fund may invest up to 25% of its assets in sub-prime mortgage-related securities determined at the time of purchase.
The adviser manages the Fund as two separate sleeves with one sleeve consisting of credit securities such as corporate bonds and debt securities (credit sleeve) and the other sleeve consisting of structured instruments such as asset-backed securities, mortgage-related and mortgage-backed securities (structured sleeve). The adviser allocates the Funds assets between the sleeves based on its view of the relative value of investments and the investments held directly in the separately managed accounts. The adviser buys and sells securities and investments for each sleeve based on its view of individual securities and market sectors. Taking a long-term approach, the adviser looks for individual fixed income investments that it believes will perform well over market cycles. The adviser is value oriented and makes decisions to purchase and sell individual securities and instruments after performing a risk/reward analysis that includes an evaluation of interest rate risk, credit risk, duration, liquidity, legal provisions and the structure of the transaction.
JCKUX Performance
Total returns for JCKUX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -8.4% |
| 3 years (annualised) | -1.1% |
JCKUX Risk Information
Risk metrics for JCKUX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.3%
JCKUX Costs and Fees
JCKUX costs about $0 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.00%
- Gross expense ratio: 0.69%
- Portfolio turnover: 48%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
JCKUX Cashflows
Over the 12 months to 2022-11, JPMorgan Core Focus SMA Fund had net outflows of $3.42M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-11 | $47.99K |
| 2022-10 | $51.32K |
| 2022-09 | $44.09K |
| 2022-08 | $44.78K |
| 2022-07 | $44.48K |
| 2022-06 | −$50.49K |
JCKUX Debt Constituents
No individual debt constituents are reported in JPMorgan Core Focus SMA Fund's latest SEC N-PORT filing.
JCKUX Prospectus and SEC Filings
Official JPMorgan Core Focus SMA Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-06-22
- Prospectus (485BPOS) — filed 2021-06-24
- Prospectus supplement (497) — filed 2021-03-15
- Portfolio holdings (N-PORT) — filed 2023-01-27
- Portfolio holdings (N-PORT) — filed 2022-10-26
- Portfolio holdings (N-PORT) — filed 2022-07-29
- Annual census (N-CEN) — filed 2022-05-13
- Annual census (N-CEN) — filed 2021-05-12
Related Funds
Other Total / Aggregate Bond funds tracked on ABC INVEST:
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.