About OHYFX
JPMorgan High Yield Fund Class I is a mutual fund in the high yield bond category, designed to provide investors with exposure to non-investment-grade debt securities. It primarily invests at least 80% of its assets in bonds, other debt securities, loan assignments, participations, and commitments to purchase loans, emphasizing lower capital-intensive issuers with strong free cash flow for downside protection. Managed by a seasoned team led by Rob Cook since 2019, alongside comanagers Thomas Hauser and Jeffrey Lovell, the fund benefits from collaborative decision-making with a large, experienced analyst team of 18 dedicated high-yield researchers averaging over 15 years of industry experience. Notable features include a focus on fundamental credit analysis, strategic overweightings in sectors like consumer noncyclical (17%) and communications (18.5%), underweighting in financials (3.7%), and flexibility to hold 4-9% in senior secured bank loans. With total assets of $6.8 billion, 855 holdings, low portfolio turnover of 26%, an expense ratio of 0.64%, effective duration of 2.46 years, and a TTM yield of 7.19%, it closely tracks the ICE BofA US High Yield Constrained Index while aiming for beta-neutral positioning through security selection. This institutional share class requires a $1 million minimum investment and plays a key role in offering broad high-yield market access with disciplined risk management.
Fund Family JPMorgan
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol OHYFX
Share Class Class I
Index ICE BofA US High Yield Constrained TR
OHYFX had a total return of 4.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.87%.
