About OHYAX
JPMorgan High Yield Fund Class A is a mutual fund designed to deliver a high level of current income through a diversified portfolio primarily invested in below-investment-grade debt securities, including bonds, loans, and preferred stocks rated BB or lower by major agencies or unrated. Capital appreciation serves as a secondary objective. The fund allocates at least 80% of assets to these high-yield instruments, with up to 30% in senior secured bank loans and unfunded commitments, maintaining an average weighted maturity between three and ten years. Notable features include a focus on fundamental credit analysis, collaboration with sector specialists, and risk models emphasizing liquidity, diversification, and downside protection via issuers with strong free cash flow. Sector allocations typically align closely with benchmarks like the ICE BofA US High Yield Constrained Index, with strategic overweights in areas such as consumer noncyclical and communications, and underweights in financials. With total assets around $6.5 billion, approximately 850 holdings, and a low portfolio turnover of 26%, it plays a key role in the high-yield bond category, offering income-oriented exposure to riskier fixed-income markets vulnerable to economic and credit conditions.
Fund Family JPMorgan
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol OHYAX
Share Class Class A
Index ICE BofA US High Yield Constrained TR
OHYAX had a total return of 2.51% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.57%.
