JEMDX - Mutual Fund Report

May 21, 2013

JEMDX : JPMORGAN EMERGING MARKETS DEBT SEL

ZACKS RANK: 1 - STRONG BUY

Ticker:	JEMDX
Manager:	Pierre-Yves Bareau
Manager Since:	10/09
NAV (05/20/2013):	9.07
Objective:	Fixed Income - Intl Bond
Peer:	IB EM
Net Assets ($mil):	247.50
Inception:	04/17/1997

JEMDX : Description

Incepted in September 2001, the fund is managed by J.P. Morgan Investment Management, Inc. The fund's goal is to provide high total return from a portfolio of fixed income securities of emerging markets issuers. Under normal circumstances, the fund invests at least 80% of its assets in emerging market debt investments. The fund invests primarily in debt securities that it believes have the potential to provide a high total return from countries whose economies or bond markets are less developed. This designation currently includes most countries in the world except Australia, Canada, Hong Kong, Japan, New Zealand, the U.S., the United Kingdom, and most western European countries. The fund adviser makes country allocation decisions, based primarily on financial and economic forecasts and other macro-economic factors. The fund declares dividends daily and pays them monthly. The fund makes net capital gains distribution...

JEMDX : Composition - 05/13

Stocks	0.00%
Foreign Stocks	0.00%
Cash	0.00%
Bonds	101.56%
Foreign Bonds	0.00%
Preferred	0.00%
Convertible	0.00%
Other	-1.56%
Foreign Hedged	0.00%

JEMDX : Style Analysis - 05/13

Large Growth	NA
Large Value	NA
Small Growth	NA
Small Value	NA
Foreign Stock	NA
Emerging Market	NA
Precious Metals	NA
Intermediate Bond	NA
High Yield Bond	NA
Foreign Bond	NA

'Style Analysis Horizontal Bar Chart' is not available due to non availability

JEMDX : Risk Analysis

Beta v. S&P 500	-0.05
Beta v. EAFE	0.37
Beta v. Barclays Agg Bond	1.42
Alpha 3 Yr	7.97
Alpha 5 Yr	-2.75
R-Sq 3 Yr	0.04
R-Sq 5 Yr	0.27
Std Dev 3 Yr	7.74
Std Dev 5 Yr	15.39
Sharpe 3 Yr	1.51
Sharpe 5 Yr	0.61

JEMDX : Fees

Expense Ratio	1.01
% Max Load	NA
% Min Load	NA
% Deferred Load	NA
% Redemption	NA
% Max 12 B1 Fee	0.00
% Max Mgt Fee	0.70

JEMDX : Purchase Choices:

Min Initial Investment	1000000
Min Subsequent Investment	0

JEMDX : Returns Analysis - Annual

Line chart

	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	YTD
NAV ($)	9.62	8.89	8.16	8.72	8.46	5.65	7.51	8.01	7.97	9.11	9.07
Total Return (%)	29.52	13.68	14.83	12.32	4.55	-28.72	41.39	13.48	6.08	20.48	1.29
Annual Dividend Yield (%)	7.11	5.93	6.39	4.30	5.48	8.47	5.20	5.75	6.15	4.78	4.72
Relative Performance
Rel Performance-S&P500(%)	273.65	85.08	109.08	122.25	-49.72	-421.98	370.29	82.76	-2.90	152.57	35.12
Rel Performance-Obj.Ret.(%)	133.04	51.09	145.69	59.37	-13.95	-197.07	201.77	50.85	35.37	102.52	2.14
Ret.Quintile vs Obj(1 is best)	1	1	1	1	4	5	1	1	1	1	3
Turnover, Yields, and Gains
Fund Assets Net($mil)	54	33	34	5	212	280	92	124	220	248	248
Annual Turnover (%)	166.00	337.00	0.00	136.00	160.00	63.00	124.00	126.00	124.00	0.00
Annual Dividend Paid ($)	0.72	0.63	0.63	0.39	0.49	0.50	0.41	0.48	0.51	0.46	0.12
Annual Capital Gains Paid($)	0.00	1.31	1.35	0.02	0.15	0.00	0.00	0.00	0.00	0.00	0.00

JEMDX : Returns Analysis - Trailing Total Return

	1 Month	3 Month	6 Month	YTD	1 Year	3 Year	5 Year	10 Year	15 Year	20 Year
Total Return (through 05/13)	2.55%	1.63%	4.06%	1.29%	13.20%	11.52%	8.23%	9.85%	9.64%	NA
Ret. Percentile vs. Obj. (1 is best)	15	36	25	53	6	2	22	13	12	NA

JEMDX : Stock Portfolio Snapshot - 05/13

Average Price/Earnings	NA
Average Price/Book	NA
Average EPS Growth	NA
Average Market Value	NA

JEMDX : Stock Sector Breakout - 05/13

'Stock Sector Breakout' is not available due to non availability

JEMDX : Top Holdings - 05/13

Name	Weight	Shares
Data not available