JIMRX — JPMorgan Inflation Managed Bond Fund
Data updated: 2022-05-13
JIMRX — JPMorgan Inflation Managed Bond Fund. Bond · $1.17B AUM · 0.45% expense ratio · 4.1% 1-yr return. Holdings, fees, performance and SEC filings.
JIMRX Fund Overview
JIMRX — JPMorgan Inflation Managed Bond Fund is a US mutual fund managed by JPMorgan Trust I, 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: JPMorgan Trust I
- Category: Bond
- Assets under management: $1.17B
- 1-year return: 4.1%
- Ticker: JIMRX
- SEC CIK: 0001217286
- SEC series ID: S000028002
- Share class ID: C000085151
JIMRX Investment Objective and Strategy
JPMorgan Inflation Managed Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by JPMorgan Trust I.
Investment objective
The Fund seeks to maximize inflation protected total return.
Principal investment strategy
The Fund is designed to protect the total return generated by its core fixed income holdings from inflation risk. As used in the Funds goal, total return includes income and capital appreciation. The Fund seeks to hedge this risk by using swaps that are based on the Non-Seasonally Adjusted Consumer Price Index for all Urban Consumers (CPI-U) in combination with its core portfolio of fixed income securities. This strategy is intended to create the equivalent of a portfolio of inflation-protected fixed income securities. Secondarily, the Fund may purchase other investments including actual inflation-protected securities such as Treasury Inflation Protected Securities (TIPS). Inflation Managed in the Funds name does not refer to a type of security in which the Fund invests, but rather describes the Funds overall strategy of creating a portfolio of inflation-protected securities.
Under normal circumstances, the Fund will invest at least 80% of its Assets in bonds. Assets means net assets, plus the amount of borrowings for investment purposes. As part of its main investment strategy, the Fund may principally invest in corporate bonds, U.S. government and agency debt securities, asset-backed securities, and 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 (interest-only or principal-only), commercial mortgage-backed securities, and mortgage pass-through securities. Additional information about these types of investments may be found in Investment Practices in the Funds prospectus. The Fund may invest up to 10% of the Funds total assets in securities that, at the time of purchase, are rated below investment grade (also known as junk bonds or high yield securities) by Moodys Investor Service, Inc.
(Moodys), Standard & Poors Corporation (S&P), Fitch Rating (Fitch) or the equivalent by another national rating organization, or securities that are unrated but are deemed by the adviser to be of comparable quality. In addition, all securities will be U.S. dollar-denominated although they may be issued by a foreign corporation, government or its agencies and instrumentalities. The Fund may invest a significant portion or all of its assets in mortgage-related and mortgage-backed securities at the advisers discretion. The Fund expects to invest no more than 10% of its assets in sub-prime mortgage-related securities at the time of purchase. The Fund uses derivatives as a principal strategy. Derivatives are instruments that have a value based on another instrument, exchange rate or index.
The Fund uses CPI-U swaps for inflation hedging purposes. In addition to CPI-U swaps, the Fund has flexibility to use swaps (including credit default swaps) and futures for hedging purposes, to increase income and gain to the Fund, and as part of its risk management process by establishing or adjusting exposure to particular securities or markets and/or to manage cash flows. The Fund may use swaps structured as credit default swaps to gain or hedge exposure to high yield securities or indexes of high yield securities. The adviser buys and sells securities and investments for the Fund 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.
JIMRX Performance
Total returns for JIMRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.1% |
| 3 years (annualised) | 4.6% |
JIMRX Risk Information
Risk metrics for JIMRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.4%
JIMRX Costs and Fees
JIMRX costs about $45 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.45%
- Gross expense ratio: 0.50%
- Portfolio turnover: 89%
- Brokerage commissions: 0.65 bps of average net assets (SEC N-CEN)
JIMRX Cashflows
Over the 12 months to 2022-02, JPMorgan Inflation Managed Bond Fund had net outflows of $259.23M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-02 | −$11.07M |
| 2022-01 | −$131.69M |
| 2021-12 | −$22.25M |
| 2021-11 | −$25.79M |
| 2021-10 | −$11.26M |
| 2021-09 | −$4.07M |
JIMRX Debt Constituents
No individual debt constituents are reported in JPMorgan Inflation Managed Bond Fund's latest SEC N-PORT filing.
JIMRX Prospectus and SEC Filings
Official JPMorgan Inflation Managed Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-06-25
- Prospectus (485BPOS) — filed 2020-07-14
- Prospectus supplement (497) — filed 2019-09-05
- Portfolio holdings (N-PORT) — filed 2022-04-27
- Portfolio holdings (N-PORT) — filed 2022-01-28
- Portfolio holdings (N-PORT) — filed 2021-10-26
- Annual census (N-CEN) — filed 2022-05-13
- Annual census (N-CEN) — filed 2021-05-12
Related Funds
Other 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.