Jpmorgan Mortgage Backed Securities Fund Class A: (MF: OMBAX)
(NASDAQ Mutual Funds) As of May 3, 2024 08:00 PM ET
$10.24 USD
+0.06 (0.59%)
Fund Description
The fund was incepted in August 2000 and is managed by Banc One Investment Advisors. The fund seeks to maximize total return by investing primarily in a diversified portfolio of debt securities backed by pools of residential and/or commercial mortgages. The fund invests mainly in investment grade bonds and debt securities (or unrated bonds and debt securities, which the fund manager determines to be of comparable quality). These include mortgage-backed securities issued by the Government National Mortgage Association (GNMA), the Federal National Mortgage Association (FNMA), the Federal Home Loan Mortgage Corporation (FHLMC), commercial mortgage securities and collateralized mortgage obligations. The fund may also invest in other types of non-mortgage related debt securities, including U.S. government securities, asset-backed securities, municipal securities and corporate debt securities. The fund manager analyzes four major factors in managing and constructing the fund. They are duration, market sector, maturity concentrations and individual securities. The fund selects individual securities after performing a risk/reward analysis that includes an evaluation of interest rate risk, credit risk and the complex legal and technical structure of the transaction. The fund offers dividends monthly and capital gains annually.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| JPMorgan Mortgage-Backed Sec A | OMBAX | 3.75 | NA | 0.00 | 0.25 | 0.25 | 0.65 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| JPMorgan Mortgage Backed Sec A | OMBAX | 10.24 | 8/21/2000 | 0.68 | 1.90 | -2.00 | 0.55 |
| JPMorgan Mortgage Backed Sec Sel | OMBIX | 10.00 | 8/21/2000 | 0.76 | 2.23 | -1.74 | 0.81 |
| JPMorgan Mortgage Backed Sec Ult | JMBUX | 10.00 | 2/23/2005 | 0.79 | 2.28 | -1.62 | 0.94 |
| JPMorgan Mortgage Backed Sec C | OBBCX | 9.98 | 7/3/2012 | 0.58 | 1.37 | -2.49 | 0.04 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| JPMorgan Mortgage-Backed Sec A | OMBAX | 1000 | 50 | 0 | M |
Contact Information
| Family | J.P. Morgan |
| Address | P.O.Box 8528 Boston, MA 02266 |
| Phone | 800 480-4111 |