About JSIRX
JPMorgan Unconstrained Debt Fund R5 is an actively managed mutual fund focused on generating long-term total return through a flexible, multi-sector fixed income approach. The strategy invests opportunistically across global bond markets, with the ability to adjust duration widely, employ long and short positions, and use derivatives to manage risk and capture diverse sources of return within the nontraditional bond category. Portfolio allocations span investment grade and high yield corporates, mortgage-backed and asset-backed securities, emerging market debt, convertibles, cash equivalents, and interest rate swaps, reflecting a mandate unconstrained by traditional benchmarks. Management is led by a senior team with decades of experience across credit and macro fixed income, integrating local insights with global perspectives to develop high-conviction ideas. The fund emphasizes flexibility in changing markets, with credit quality exposure ranging from AAA to below investment grade and a sector mix designed to balance income, diversification, and downside management. It seeks to provide a differentiated return profile versus core bonds, as reflected by its placement in Morningstar’s nontraditional bond category and a Silver Medalist Rating as of February 2025.
Fund Family JPMorgan
Category Nontraditional Bond
Stock Exchange NASDAQ
Ticker Symbol JSIRX
Share Class Class R5
Index Bloomberg U.S. Aggregate Bond TR
JSIRX had a total return of 4.33% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.46%.
