JPMorgan Core Bond 529 Portfolio (JPBAX)
| Fund Assets | n/a |
| Expense Ratio | 0.04% |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 13.11 |
| YTD Return | 1.47% |
| 1-Year Return | 7.29% |
| 5-Year Return | 1.71% |
| 52-Week Low | 12.15 |
| 52-Week High | 13.11 |
| Beta (5Y) | 0.24 |
| Holdings | n/a |
| Inception Date | n/a |
About JPBAX
The JPMorgan Core Bond 529 Portfolio is a mutual fund designed to serve as a core fixed-income holding within a 529 college savings plan. Its primary function is to maximize total return by investing in a diversified selection of intermediate- and long-term debt securities, with an asset allocation composed almost entirely of bonds. The portfolio typically holds investment-grade securities, including U.S. Treasuries, agency mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities, and high-quality corporate bonds. Securitized debt often comprises a significant portion of the holdings, enhancing yield potential while maintaining a focus on credit quality. This portfolio plays a key role in offering stability and income as part of a broader college savings strategy, helping to manage risk amid market fluctuations. It is particularly notable for its use in age-based strategies where fixed income allocations grow as the beneficiary approaches college age, providing a more conservative stance in later years. The JPMorgan Core Bond 529 Portfolio is positioned for investors seeking a disciplined approach to capital preservation and income generation within the tax-advantaged context of a 529 education savings plan.
Performance
JPBAX had a total return of 7.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.11%.