About JPHRX
JPMorgan Floating Rate Income Fund Class R6 is a mutual fund designed to deliver current income with a secondary objective of capital appreciation through investments primarily in floating rate instruments. It focuses on below investment grade, higher quality floating rate loans from more liquid issuers, employing a bottom-up security selection process driven by fundamental credit analysis to identify opportunities across sectors, industries, and structures. The flexible approach enables shifts in exposures to adapt to changing market conditions, aiming for strong risk-adjusted returns and downside protection relative to the Credit Suisse Leveraged Loan Index. The portfolio predominantly consists of loan assignments, alongside smaller allocations to corporate bonds, short-term investments, and exchange-traded funds, with sector weights spanning industrials, information technology, consumer discretionary, and others. Credit quality emphasizes B and BB rated holdings, managed by an experienced team including Alexander Sammarco, James P. Shanahan, and Thomas Davis. This fund serves investors seeking income from leveraged loans in the bank loan category, characterized by low interest rate sensitivity and frequent rate resets.
Fund Family JPMorgan
Category Bank Loan
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol JPHRX
Share Class Class R6
Index Index is not available on Lipper Database
JPHRX had a total return of 1.37% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.03%.
