JBND is an actively managed fund aiming to outperform the Bloomberg U.S. Aggregate Bond Index. Spoiler: It's succeeding. Interesting comparison with the AGG ETF: it's immediately clear that over 50% of JBND's holdings aren't in AGG. Careful: it's not a flexible fund. The prospectus shows clear guidelines (which I like).
JBND is an active ETF from JPMorgan, overweight in AAA assets, with a 6.3-year duration, focusing on investment-grade bonds. The fund has outperformed AGG by 80 bps in the past year, favoring intermediate duration bonds, amid current market volatility. Rates are the main risk factor, with intermediate rates driving performance; a recession and Fed rate cuts would benefit JBND.
Jpmorgan Active Bond is an actively managed bond ETF. JBND focuses on high-quality, medium-term bonds, including treasuries and agency MBS. It has a higher yield and total returns than its benchmark, likely due to savvy positioning.
JBND JBND In 3 days Estimated | Other | $0.19 Per Share |
JBND JBND 3 weeks ago Paid | Other | $0.19 Per Share |
JBND JBND 1 month ago Paid | Monthly | $0.2 Per Share |
JBND JBND 2 months ago Paid | Monthly | $0.21 Per Share |
JBND JBND 3 months ago Paid | Monthly | $0.19 Per Share |
JBND JBND 4 months ago Paid | Monthly | $0.19 Per Share |
JBND JBND In 3 days Estimated | Other | $0.19 Per Share |
JBND JBND 3 weeks ago Paid | Other | $0.19 Per Share |
JBND JBND 1 month ago Paid | Monthly | $0.2 Per Share |
JBND JBND 2 months ago Paid | Monthly | $0.21 Per Share |
JBND JBND 3 months ago Paid | Monthly | $0.19 Per Share |
JBND JBND 4 months ago Paid | Monthly | $0.19 Per Share |
NYSE Exchange | US Country |
The fund described aims to achieve superior returns over the Bloomberg U.S. Aggregate Bond Index, considering the total return metric, excluding fees, over a typical market cycle of three to five years. It positions itself as a strategic investment option focusing on bond investments, underpinned by a non-fundamental policy to allocate at least 80% of its assets in bonds under normal market conditions. This approach underscores its commitment to bond-based strategies and signifies its key operational and investment philosophy geared towards outperforming its designated benchmark through a meticulously curated portfolio of bonds.
The investment focus of the fund encompasses a variety of products and services designed to optimize returns for investors by carefully navigating the bond market landscape: