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Target Funds | Surviving Funds | |
JPMorgan Bond Fund II | One Group Bond Fund (now known as JPMorgan Core Bond Fund) | |
JPMorgan U.S. Treasury Income Fund | One Group Government Bond Fund (now known as JPMorgan Government Bond Fund) |
Former Name | Current Name | |
JPMorgan Fleming Emerging Markets Debt Fund | JPMorgan Emerging Markets Debt Fund |
Former Name | Current Name | |
One Group Bond Fund | JPMorgan Core Bond Fund | |
One Group Income Bond Fund | JPMorgan Core Plus Bond Fund | |
One Group Government Bond Fund | JPMorgan Government Bond Fund | |
One Group High Yield Bond Fund | JPMorgan High Yield Fund* | |
One Group Ultra Short-Term Bond Fund | JPMorgan Limited Duration Bond Fund** | |
One Group Mortgage-Backed Securities Fund | JPMorgan Mortgage-Backed Securities Fund | |
One Group Short-Term Bond Fund | JPMorgan Short Duration Bond Fund |
* | Prior to September 14, 2009, the JPMorgan High Yield Fund was named the JPMorgan High Yield Bond Fund. |
** | Prior to August 31, 2009, the JPMorgan Limited Duration Bond Fund was named the JPMorgan Ultra Short Duration Bond Fund and prior to July 1, 2006, the JPMorgan Ultra Short Duration Bond Fund was named the JPMorgan Ultra Short Term Bond Fund. |
Target Funds | Surviving Funds | |
JPMorgan Bond Fund | JPMorgan Core Plus Bond Fund | |
JPMorgan Intermediate Bond Fund | JPMorgan Core Bond Fund |
Fund | Class A | Class C | Class I | Class R2 | Class R3 | Class R4 | Class R5 | Class R6 | ||||||||
Core Bond Fund | X | X | X | X | X | X | X | X | ||||||||
Core Plus Bond Fund | X | X | X | X | X | X | X | X | ||||||||
Corporate Bond Fund | X | X | X | X | ||||||||||||
Emerging Markets Debt Fund | X | X | X | X | X | |||||||||||
Floating Rate Income Fund | X | X | X | X | ||||||||||||
Global Bond Opportunities Fund | X | X | X | X | ||||||||||||
Government Bond Fund | X | X | X | X | X | X | X | |||||||||
High Yield Fund | X | X | X | X | X | X | X | X | ||||||||
Income Fund | X | X | X | X | ||||||||||||
Inflation Managed Bond Fund | X | X | X | X | X | |||||||||||
Limited Duration Bond Fund | X | X | X | X | ||||||||||||
Mortgage-Backed Securities Fund | X | X | X | X | ||||||||||||
Short Duration Bond Fund | X | X | X | X | ||||||||||||
Short Duration Core Plus Fund | X | X | X | X | ||||||||||||
Strategic Income Opportunities Fund | X | X | X | X | X | |||||||||||
Total Return Fund | X | X | X | X | X | X | ||||||||||
Unconstrained Debt Fund | X | X | X | X | X | X |
FUND NAME | FUND CODE |
Core Bond Fund | 1 |
Core Plus Bond Fund | 2 |
Corporate Bond Fund | 3 |
Emerging Markets Debt Fund | 4 |
Floating Rate Income Fund | 5 |
Global Bond Opportunities Fund | 6 |
Government Bond Fund | 7 |
High Yield Fund | 8 |
Income Fund | 9 |
Inflation Managed Bond Fund | 10 |
Limited Duration Bond Fund | 11 |
Mortgage-Backed Securities Fund | 12 |
Short Duration Bond Fund | 13 |
Short Duration Core Plus Fund | 14 |
Strategic Income Opportunities Fund | 15 |
Total Return Fund | 16 |
Unconstrained Debt Fund | 17 |
Instrument | Fund Code | Part
II Section Reference |
Adjustable Rate Mortgage Loans (“ARMs”): Loans in a mortgage pool which provide for a fixed initial mortgage interest rate for a specified period of time, after which the rate may be subject to periodic adjustments. | 1, 2, 6-17 | Mortgage-Related Securities |
Asset-Backed Securities: Securities secured by company receivables, home equity loans, truck and auto loans, leases and credit card receivables or other securities backed by other types of receivables or other assets. | 1, 2, 4, 6, 8-17 | Asset-Backed Securities |
Auction Rate Securities: Auction rate municipal securities and auction rate preferred securities issued by closed-end investment companies. | 6, 9, 11, 14-17 | Auction Rate Securities |
Instrument | Fund Code | Part
II Section Reference |
Bank Obligations: Bankers’ acceptances, certificates of deposit and time deposits. Bankers’ acceptances are bills of exchange or time drafts drawn on and accepted by a commercial bank. Maturities are generally six months or less. Certificates of deposit are negotiable certificates issued by a bank for a specified period of time and earning a specified return. Time deposits are non-negotiable receipts issued by a bank in exchange for the deposit of funds. | 1-6, 8, 10-17 | Bank Obligations |
Borrowings: A Fund may borrow for temporary purposes and/or for investment purposes. Such a practice will result in leveraging of a Fund’s assets and may cause a Fund to liquidate portfolio positions when it would not be advantageous to do so. A Fund must maintain continuous asset coverage of 300% of the amount borrowed, with the exception for borrowings not in excess of 5% of the Fund’s total assets made for temporary administrative purposes. | 1-17 | Miscellaneous Investment Strategies and Risks |
Brady Bonds: Securities created through the exchange of existing commercial bank loans to public and private entities in certain emerging markets for new bonds in connection with debt restructurings. | 2,
4, 6, 9, 11, 15-17 |
Foreign Investments (including Foreign Currencies) |
Call and Put Options: A call option gives the buyer the right to buy, and obligates the seller of the option to sell a security at a specified price at a future date. A put option gives the buyer the right to sell, and obligates the seller of the option to buy a security at a specified price at a future date. A Fund will sell only covered call and secured put options. | 1-4, 6-17 | Options and Futures Transactions |
Commercial Paper: Secured and unsecured short-term promissory notes issued by corporations and other entities. Maturities generally vary from a few days to nine months. | 1-4, 6, 8-17 | Commercial Paper |
Commodity-Linked Derivatives: Securities whose value derives from the price of a commodity, including commodity futures and commodity options. | 6, 15-17 | Miscellaneous
Investment Strategies and Risk |
Commodity-Related Pooled Investment Vehicles: Ownership interests in grantor trusts and other pooled investment vehicles, including commodity pools, that hold tangible assets such as gold, silver and other commodities or invest in commodities futures. Grantor trusts are typically traded on an exchange. | 6 | Commodity-Related Pooled Investment Vehicles |
Common Stock: Shares of ownership of a company. | 2, 3, 5, 6, 8, 9, 14-17 | Equity Securities, Warrants and Rights |
Common Stock Warrants and Rights: Securities, typically issued with preferred stock or bonds, that give the holder the right to buy a proportionate amount of common stock at a specified price. | 2, 3, 5, 6, 8, 9, 14-17 | Equity Securities, Warrants and Rights |
Convertible Securities: Bonds or preferred stock that can convert to common stock including contingent convertible securities. | 1-3, 5, 6, 8-17 | Convertible Securities |
Corporate Debt Securities: May include bonds and other debt securities of domestic and foreign issuers, including obligations of industrial, utility, banking and other corporate issuers. | 1-6, 8-17 | Debt Instruments |
Instrument | Fund Code | Part
II Section Reference |
Credit Default Swaps (“CDSs”): A swap agreement between two parties pursuant to which one party pays the other a fixed periodic coupon for the specified life of the agreement. The other party makes no payment unless a credit event, relating to a predetermined reference asset, occurs. If such an event occurs, the party will then make a payment to the first party, and the swap will terminate. | 1-6, 8-17 | Swaps
and Related Swap Products |
Custodial Receipts: A Fund may acquire securities in the form of custodial receipts that evidence ownership of future interest payments, principal payments or both on certain U.S. Treasury notes or bonds in connection with programs sponsored by banks and brokerage firms. These are not considered to be U.S. government securities. These notes and bonds are held in custody by a bank on behalf of the owners of the receipts. | 1,
2, 6-13, 15-17 |
Custodial Receipts |
Demand Features: Securities that are subject to puts and standby commitments to purchase the securities at a fixed price (usually with accrued interest) within a fixed period of time following demand by a Fund. | 1,
2, 4, 6, 8-15 |
Demand Features |
Emerging Market Securities: Securities issued by issuers or governments in countries with emerging economies or securities markets which may be undergoing significant evolution or rapid development. | 1-6, 8-17 | Foreign Investments (including Foreign Currencies) |
Exchange Traded Funds (“ETFs”): Ownership interest in unit investment trusts, depositary receipts, and other pooled investment vehicles that hold a portfolio of securities or stocks designed to track the price performance and dividend yield of a particular broad-based, sector or international index. ETFs include a wide range of investments. | 1-3, 4, 6, 8-17 | Investment Company Securities and Exchange Traded Funds |
Foreign Currency Transactions: Strategies used to hedge against interest rate and currency risks, for other risk management purposes or to increase income or gain to a Fund. These strategies may consist of use of any of the following: options on currencies, currency futures, options on such futures, forward foreign currency transactions (including non-deliverable forwards (“NDFs”)), forward rate agreements and currency swaps, caps and floors. Certain Funds may engage in such transactions in both U.S. and non-U.S. markets. | 2-4,
6, 9, 14-17 |
Foreign Investments (including Foreign Currencies) |
Foreign Investments: Equity and debt securities (e.g., bonds and commercial paper) of foreign entities and obligations of foreign branches of U.S. banks and foreign banks. Foreign securities may also include American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”), European Depositary Receipts (“EDRs”) and American Depositary Securities. | 1-6, 8-17 | Foreign Investments (including Foreign Currencies) |
High Yield/High Risk Securities/Junk Bonds: Securities that are generally rated below investment grade by the primary rating agencies or are unrated but deemed by a Fund’s Adviser to be of comparable quality. | 2-6,
8-10, 14-17 |
Debt Instruments |
Inflation-Linked Debt Securities: Fixed and floating rate debt securities of varying maturities issued by the U.S. government as well as securities issued by other entities such as corporations, foreign governments and foreign issuers. | 1-4, 6-17 | Debt Instruments |
Initial Public Offerings (“IPO”): A transaction in which a previously private company makes its first sale of stock to the public. | 5, 6, 9, 17 | Equity Securities, Warrants and Rights |
Instrument | Fund Code | Part
II Section Reference |
Interfund Lending: Involves lending money and borrowing money for temporary purposes through a credit facility. | 1-17 | Miscellaneous Investment Strategies and Risks |
Inverse Floating Rate Instruments: Leveraged variable debt instruments with interest rates that reset in the opposite direction from the market rate of interest to which the inverse floater is indexed. | 1, 2, 4, 6-17 | Inverse Floaters and Interest Rate Caps |
Investment Company Securities: Shares of other investment companies, including money market funds for which the adviser and/or its affiliates serve as investment adviser or administrator. The adviser will waive certain fees when investing in funds for which it serves as investment adviser, to the extent required by law or by contract. | 1-17 | Investment Company Securities and Exchange Traded Funds |
Loan Assignment and Participations: Assignments of, and participations in, all or a portion of loans to corporations or to governments, including governments of less developed countries. | 1-6,
8, 9, 11-17 |
Loans |
Master Limited Partnerships (“MLPs”): Limited partnerships that are publicly traded on a securities exchange. | 3, 5, 6, 9, 14, 17 | Master Limited Partnerships |
Mortgages (Directly Held): Debt instruments secured by real property. | 1, 2, 4, 6-17 | Mortgage-Related Securities |
Mortgage-Backed Securities: Debt obligations secured by real estate loans and pools of loans such as collateralized mortgage obligations (“CMOs”), commercial mortgage-backed securities (“CMBS”), and other asset-backed structures. | 1, 2, 6-17 | Mortgage-Related
Securities |
Mortgage Dollar Rolls: A transaction in which a Fund sells securities for delivery in a current month and simultaneously contracts with the same party to repurchase similar but not identical securities on a specified future date. | 1, 2, 6-17 | Mortgage-Related Securities |
Municipal Securities: Securities issued by a state or political subdivision to obtain funds for various public purposes. Municipal securities include, among others, private activity bonds and industrial development bonds, as well as general obligation notes, tax anticipation notes, bond anticipation notes, revenue anticipation notes, other short-term tax-exempt obligations, municipal leases, obligations of municipal housing authorities and single family revenue bonds. | 1-3, 6, 8-17 | Municipal Securities |
New Financial Products: New options and futures contracts and other financial products continue to be developed and a Fund may invest in such options, contracts and products. | 1-17 | Miscellaneous Investment Strategies and Risks |
Obligations of Supranational Agencies: Obligations which are chartered to promote economic development and are supported by various governments and governmental agencies. | 1-4, 6, 8, 9, 11, 13-17 | Foreign
Investments (including Foreign Currencies) |
Options and Futures Transactions: A Fund may purchase and sell (a) exchange traded and over-the-counter put and call options on securities, indexes of securities and futures contracts on securities and indexes of securities, and interest rate futures contracts and interest rate swaps and (b) futures contracts on securities and indexes of securities. | 1-17 | Options and Futures Transactions |
Preferred Stock: A class of stock that generally pays a dividend at a specified rate and has preference over common stock in the payment of dividends and in liquidation. | 1-3,
5, 6, 8, 9, 12-17 |
Equity
Securities, Warrants and Rights |
Instrument | Fund Code | Part
II Section Reference |
Private Placements, Restricted Securities and Other Unregistered Securities: Securities not registered under the Securities Act of 1933, such as privately placed commercial paper and Rule 144A securities. | 1-6, 8-17 | Miscellaneous Investment Strategies and Risks |
Real Estate Investment Trusts (“REITs”): Pooled investment vehicles which invest primarily in income producing real estate or real estate related loans or interest. | 1-3, 4-6, 8-17 | Real Estate Investment Trusts |
Repurchase Agreements: The purchase of a security and the simultaneous commitment to return the security to the seller at an agreed upon price on an agreed upon date. This is treated as a loan. | 1-3, 4, 6-17 | Repurchase
Agreements |
Reverse Repurchase Agreements: The sale of a security and the simultaneous commitment to buy the security back at an agreed upon price on an agreed upon date. This is treated as a borrowing by a Fund. | 1, 2, 4, 6-17 | Reverse
Repurchase Agreements |
Securities Issued in Connection with Reorganizations and Corporate Restructurings: In connection with reorganizing or restructuring of an issuer, an issuer may issue common stock or other securities to holders of its debt securities. | 1-17 | Miscellaneous Investment Strategies and Risks |
Securities Lending: The lending of up to 33 1⁄3% of a Fund’s total assets. In return, a Fund will receive cash, other securities, and/or letters of credit as collateral. | 1-17 | Securities Lending |
Short Selling: A Fund sells a security it does not own in anticipation of a decline in the market value of the security. To complete the transaction, a Fund must borrow the security to make delivery to the buyer. A Fund is obligated to replace the security borrowed by purchasing it subsequently at the market price at the time of replacement. | 4, 6, 15-17 | Short Selling |
Short-Term Funding Agreements: Agreements issued by banks and highly rated U.S. insurance companies such as Guaranteed Investment Contracts (“GICs”) and Bank Investment Contracts (“BICs”). | 1-3, 4, 6, 8-17 | Short-Term Funding Agreements |
Sovereign Obligations: Investments in debt obligations issued or guaranteed by a foreign sovereign government or its agencies, authorities or political subdivisions. | 1-4, 6, 9-11, 13-17 | Foreign Investments (including Foreign Currencies) |
Stripped Mortgage-Backed Securities: Derivative multi-class mortgage securities which are usually structured with two classes of shares that receive different proportions of the interest and principal from a pool of mortgage assets. These include Interest- Only (“IO”) and Principal-Only (“PO”) securities issued outside a Real Estate Mortgage Investment Conduit (“REMIC”) or CMO structure. | 1, 2, 6, 9-17 | Mortgage-Related Securities |
Structured Investments: A security having a return tied to an underlying index or other security or asset class. Structured investments generally are individually negotiated agreements and may be traded over-the-counter. Structured investments are organized and operated to restructure the investment characteristics of the underlying security. | 1, 2, 4, 6-17 | Structured
Investments |
Swaps and Related Swap Products: Swaps involve an exchange of obligations by two parties. Caps and floors entitle a purchaser to a principal amount from the seller of the cap or floor to the extent that a specified index exceeds or falls below a predetermined interest rate or amount. A Fund may enter into these transactions to manage its exposure to changing interest rates and other factors. | 1-17 | Swaps and Related Swap Products |
Instrument | Fund Code | Part
II Section Reference |
Synthetic Variable Rate Instruments: Instruments that generally involve the deposit of a long-term tax exempt bond in a custody or trust arrangement and the creation of a mechanism to adjust the long-term interest rate on the bond to a variable short-term rate and a right (subject to certain conditions) on the part of the purchaser to tender it periodically to a third party at par. | 2,
4, 6, 9, 11, 14-17 |
Swaps and Related Swap Products |
Temporary Defensive Positions: To respond to unusual circumstances a Fund may invest in cash and cash equivalents for temporary defensive purposes. | 1-17 | Miscellaneous Investment Strategies and Risks |
Treasury Receipts: A Fund may purchase interests in separately traded interest and principal component parts of U.S. Treasury obligations that are issued by banks or brokerage firms and that are created by depositing U.S. Treasury notes and U.S. Treasury bonds into a special account at a custodian bank. Receipts include Treasury Receipts (“TRs”), Treasury Investment Growth Receipts (“TIGRs”), and Certificates of Accrual on Treasury Securities (“CATS”). | 1-4, 6-17 | Treasury Receipts |
Trust Preferreds: Securities with characteristics of both subordinated debt and preferred stock. Trust preferreds are generally long term securities that make periodic fixed or variable interest payments. | 1-6, 8-17 | Trust Preferred |
U.S. Government Agency Securities: Securities issued by agencies and instrumentalities of the U.S. government. These include all types of securities issued by the Government National Mortgage Association (“Ginnie Mae”), the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”), including funding notes, subordinated benchmark notes, CMOs and REMICs. | 1-3, 4, 6-17 | Mortgage-Related Securities |
U.S. Government Obligations: May include direct obligations of the U.S. Treasury, including Treasury bills, notes and bonds, all of which are backed as to principal and interest payments by the full faith and credit of the United States, and separately traded principal and interest component parts of such obligations that are transferable through the Federal book-entry system known as Separate Trading of Registered Interest and Principal of Securities (“STRIPS”) and Coupons Under-Book Entry Safekeeping (“CUBES”). | 1-17 | U.S. Government Obligations |
Variable and Floating Rate Instruments: Obligations with interest rates which are reset daily, weekly, quarterly or some other frequency and which may be payable to a Fund on demand or at the expiration of a specified term. | 1-17 | Debt Instruments |
When-Issued Securities, Delayed Delivery Securities and Forward Commitments: Purchase or contract to purchase securities at a fixed price for delivery at a future date. | 1-17 | When-Issued Securities, Delayed Delivery Securities and Forward Commitments |
Zero-Coupon, Pay-in-Kind and Deferred Payment Securities: Zero-coupon securities are securities that are sold at a discount to par value and on which interest payments are not made during the life of the security. Pay-in-kind securities are securities that have interest payable by delivery of additional securities. Deferred payment securities are zero-coupon debt securities which convert on a specified date to interest bearing debt securities. | 1-17 | Debt Instruments |
Fund | Fiscal
Year Ended February 28, 2019 |
Fiscal
Year Ended February 29, 2020 | ||
Income Fund | 62% | 0% 2 | ||
Strategic Income Opportunities Fund | 39% | 53% |
Fund | Fiscal
Year Ended February 28, 2019 |
Fiscal
Year Ended February 29, 2020 | ||
Core Bond Fund | 23% | 29% | ||
Core Plus Bond Fund | 51% | 36% | ||
Corporate Bond Fund | 166% | 86% | ||
Emerging Markets Debt Fund | 90% | 106% | ||
Floating Rate Income Fund1 | 12% | 46% | ||
Global Bond Opportunities Fund1 | 28% | 72% | ||
Government Bond Fund | 10% | 12% | ||
High Yield Fund | 47% | 60% | ||
Income Fund | 54% | 77% | ||
Inflation Managed Bond Fund3 | 74% | 146% | ||
Limited Duration Bond Fund | 28% | 27% | ||
Mortgage-Backed Securities Fund | 22% | 23% | ||
Short Duration Bond Fund | 80% | 88% | ||
Short Duration Core Plus Fund4 | 83% | 157% | ||
Strategic Income Opportunities Fund | 39% | 52% | ||
Total Return Fund | 413% | 420% | ||
Unconstrained Debt Fund | 75% | 74% |
1 | Effective February 28, 2019, the Fund changed its fiscal year end from August 31st to the last day of February. |
2 | For the year ended February 29, 2020, the Fund did not transact in securities sold short. |
3 | The portfolio turnover for the JPMorgan Inflation Managed Bond Fund significantly varied over the last two fiscal years due to: (1) significant inflows into the Fund; (2) additional investments in TIPS and asset-backed securities; and (3) adjustments in the CPI-U swaps that are used to hedge inflation risk and used in combination with the Fund’s core portfolio of fixed income securities to create the equivalent of a portfolio of inflation-protected securities during the fiscal year ended February 29, 2020. |
4 | The portfolio turnover for the JPMorgan Short Duration Core Plus Fund significantly varied over the last two fiscal years due to significant inflows into the Fund during the fiscal year ended February 29, 2020. |
Committee | Fiscal
Year Ended 2/29/20 | |
Audit and Valuation Committee | 4 | |
Compliance Committee | 4 | |
Governance Committee | 4 | |
Equity Committee | 5 | |
Fixed Income Committee | 6 | |
Money Market and Alternative Products Committee | 7 |
Name of Trustee | Ownership
of Core Bond Fund |
Ownership
of Core Plus Bond Fund |
Ownership
of Corporate Bond Fund |
Ownership
of Emerging Markets Debt Fund | ||||
Independent Trustees | ||||||||
John F. Finn | None | None | None | None | ||||
Stephen P. Fisher | None | None | None | None | ||||
Kathleen M. Gallagher | None | None | None | None | ||||
Dennis P. Harrington | None | None | None | None | ||||
Frankie D. Hughes | None | None | None | None | ||||
Raymond Kanner | None | None | None | None | ||||
Mary E. Martinez | None | None | None | None | ||||
Marilyn McCoy | None | None | None | None | ||||
Dr. Robert A. Oden, Jr. | Over $100,000 | None | None | None | ||||
Marian U. Pardo | None | None | None | None |
Name of Trustee | Ownership
of Floating Rate Income Fund |
Ownership
of Global Bond Opportunities Fund |
Ownership
of Government Bond Fund |
Ownership
of High Yield Fund |
Ownership
of Income Fund | |||||
Independent Trustees | ||||||||||
John F. Finn | None | None | None | None | None | |||||
Stephen P. Fisher | None | None | None | None | None | |||||
Kathleen M. Gallagher | None | None | None | None | None | |||||
Dennis P. Harrington | None | None | None | None | None | |||||
Frankie D. Hughes | None | None | None | None | None | |||||
Raymond Kanner | None | None | None | None | None | |||||
Mary E. Martinez | None | None | None | None | None | |||||
Marilyn McCoy | None | None | None | None | None | |||||
Dr. Robert A. Oden, Jr. | None | None | None | None | None | |||||
Marian U. Pardo | None | None | None | None | None |
Name of Trustee | Ownership
of Inflation Managed Bond Fund |
Ownership
of Limited Duration Bond Fund |
Ownership
of Mortgage- Backed Securities Fund |
Ownership
of Short Duration Bond Fund |
Ownership
of Short Duration Core Plus Fund | |||||
Independent Trustees | ||||||||||
John F. Finn | None | None | None | None | None | |||||
Stephen P. Fisher | None | None | None | None | None | |||||
Kathleen M. Gallagher | None | None | None | None | None |
Name of Trustee | Ownership
of Inflation Managed Bond Fund |
Ownership
of Limited Duration Bond Fund |
Ownership
of Mortgage- Backed Securities Fund |
Ownership
of Short Duration Bond Fund |
Ownership
of Short Duration Core Plus Fund | |||||
Dennis P. Harrington | None | None | None | None | None | |||||
Frankie D. Hughes | None | None | None | None | None | |||||
Raymond Kanner | None | None | None | None | None | |||||
Mary E. Martinez | None | None | None | None | None | |||||
Marilyn McCoy | None | None | None | None | None | |||||
Dr. Robert A. Oden, Jr. | None | None | None | None | None | |||||
Marian U. Pardo | None | None | None | None | None |
Name of Trustee | Ownership
of Strategic Income Opportunities Fund |
Ownership
of Total Return Fund |
Ownership
of Unconstrained Debt Fund |
Aggregate
Dollar Range of Equity Securities in all Registered Investment Companies Overseen by the Trustee in Family of Investment Companies1,2 | ||||
Independent Trustees | ||||||||
John F. Finn | Over $100,000 | None | None | Over $100,000 | ||||
Stephen P. Fisher | None | None | None | Over $100,000 | ||||
Kathleen M. Gallagher | None | None | None | Over $100,000 | ||||
Dennis P. Harrington | None | None | None | Over $100,000 | ||||
Frankie D. Hughes | None | None | None | Over $100,000 | ||||
Raymond Kanner | None | None | None | Over $100,000 | ||||
Mary E. Martinez | None | None | None | Over $100,000 | ||||
Marilyn McCoy | None | None | None | Over $100,000 | ||||
Dr. Robert A. Oden, Jr. | None | None | None | Over $100,000 | ||||
Marian U. Pardo | None | None | None | Over $100,000 |
1 | A Family of Investment Companies means any two or more registered investment companies that share the same investment adviser or principal underwriter and hold themselves out to investors as related companies for purposes of investment and investor services. The Family of Investment Companies for which the Board of Trustees currently serves includes ten registered investment companies (126 J.P. Morgan Funds). |
2 | For Mses. Gallagher and McCoy and Messrs. Finn, Fisher, Harrington, Kanner and Oden, these amounts include deferred compensation balances, as of 12/31/20, through participation in the J.P. Morgan Funds’ Deferred Compensation Plan for Eligible Trustees. For a more complete discussion, see the “Trustee Compensation” section in Part II of this SAI. |
Name of Trustee | Core
Bond Fund |
Core
Plus Bond Fund |
Corporate
Bond Fund |
Emerging
Markets Debt Fund |
Floating
Rate Income Fund | |||||
Independent Trustees | ||||||||||
John F. Finn | $9,614 | $5,602 | $1,956 | $2,188 | $2,382 |
Name of Trustee | Core
Bond Fund |
Core
Plus Bond Fund |
Corporate
Bond Fund |
Emerging
Markets Debt Fund |
Floating
Rate Income Fund | |||||
Stephen P. Fisher | $7,399 | $4,543 | $1,947 | $2,112 | $2,249 | |||||
Kathleen M. Gallagher | 7,399 | 4,543 | 1,947 | 2,112 | 2,249 | |||||
Dennis P. Harrington | 9,614 | 5,602 | 1,956 | 2,188 | 2,382 | |||||
Frankie D. Hughes | 7,399 | 4,543 | 1,947 | 2,112 | 2,249 | |||||
Raymond Kanner | 7,399 | 4,543 | 1,947 | 2,112 | 2,249 | |||||
Peter C. Marshall5 | 7,399 | 4,543 | 1,947 | 2,112 | 2,249 | |||||
Mary E. Martinez | 9,614 | 5,602 | 1,956 | 2,188 | 2,382 | |||||
Marilyn McCoy | 7,399 | 4,543 | 1,947 | 2,112 | 2,249 | |||||
Mitchell M. Merin6 | 9,614 | 5,602 | 1,956 | 2,188 | 2,382 | |||||
Dr. Robert A. Oden, Jr. | 7,399 | 4,543 | 1,947 | 2,112 | 2,249 | |||||
Marian U. Pardo | 9,614 | 5,602 | 1,956 | 2,188 | 2,382 |
Name of Trustee | Global
Bond Opportunities Fund |
Government
Bond Fund |
High
Yield Fund |
Income Fund | Inflation
Managed Bond Fund | |||||
Independent Trustees | ||||||||||
John F. Finn | $2,582 | $2,386 | $4,172 | $2,231 | $2,199 | |||||
Stephen P. Fisher | 2,392 | 2,253 | 3,524 | 2,143 | 2,120 | |||||
Kathleen M. Gallagher | 2,392 | 2,253 | 3,524 | 2,143 | 2,120 | |||||
Dennis P. Harrington | 2,582 | 2,386 | 4,172 | 2,231 | 2,199 | |||||
Frankie D. Hughes | 2,392 | 2,253 | 3,524 | 2,143 | 2,120 | |||||
Raymond Kanner | 2,392 | 2,253 | 3,524 | 2,143 | 2,120 | |||||
Peter C. Marshall5 | 2,392 | 2,253 | 3,524 | 2,143 | 2,120 | |||||
Mary E. Martinez | 2,582 | 2,386 | 4,172 | 2,231 | 2,199 | |||||
Marilyn McCoy | 2,392 | 2,253 | 3,524 | 2,143 | 2,120 | |||||
Mitchell M. Merin6 | 2,582 | 2,386 | 4,172 | 2,231 | 2,199 | |||||
Dr. Robert A. Oden, Jr. | 2,392 | 2,253 | 3,524 | 2,143 | 2,120 | |||||
Marian U. Pardo | 2,582 | 2,386 | 4,172 | 2,231 | 2,199 |
Name of Trustee | Limited
Duration Bond Fund |
Mortgage-
Backed Securities Fund |
Short
Duration Bond Fund |
Short
Duration Core Plus Fund |
Strategic
Income Opportunities Fund | |||||
Independent Trustees | ||||||||||
John F. Finn | $2,212 | $2,496 | $2,717 | $2,054 | $5,174 | |||||
Stephen P. Fisher | 2,129 | 2,331 | 2,488 | 2,016 | 4,237 | |||||
Kathleen M. Gallagher | 2,129 | 2,331 | 2,488 | 2,016 | 4,237 | |||||
Dennis P. Harrington | 2,212 | 2,496 | 2,717 | 2,054 | 5,174 | |||||
Frankie D. Hughes | 2,129 | 2,331 | 2,488 | 2,016 | 4,237 | |||||
Raymond Kanner | 2,129 | 2,331 | 2,488 | 2,016 | 4,237 | |||||
Peter C. Marshall5 | 2,129 | 2,331 | 2,488 | 2,016 | 4,237 | |||||
Mary E. Martinez | 2,212 | 2,496 | 2,717 | 2,054 | 5,174 | |||||
Marilyn McCoy | 2,129 | 2,331 | 2,488 | 2,016 | 4,237 | |||||
Mitchell M. Merin6 | 2,212 | 2,496 | 2,717 | 2,054 | 5,174 | |||||
Dr. Robert A. Oden, Jr. | 2,129 | 2,331 | 2,488 | 2,016 | 4,237 | |||||
Marian U. Pardo | 2,212 | 2,496 | 2,717 | 2,054 | 5,174 |
Name of Trustee | Total
Return Fund |
Unconstrained
Debt Fund |
Total
Compensation Paid From Fund Complex1 | |||
Independent Trustees | ||||||
John F. Finn | $2,063 | $2,192 | $425,000 | |||
Stephen P. Fisher | 2,022 | 2,115 | 375,000 2 | |||
Kathleen M. Gallagher | 2,022 | 2,115 | 375,000 3 | |||
Dennis P. Harrington | 2,063 | 2,192 | 425,000 4 | |||
Frankie D. Hughes | 2,022 | 2,115 | 375,000 | |||
Raymond Kanner | 2,022 | 2,115 | 375,000 2 | |||
Peter C. Marshall5 | 2,022 | 2,115 | 375,000 3 | |||
Mary E. Martinez | 2,063 | 2,192 | 425,000 | |||
Marilyn McCoy | 2,022 | 2,115 | 375,000 2 | |||
Mitchell M. Merin6 | 2,063 | 2,192 | 425,000 |
Name of Trustee | Total
Return Fund |
Unconstrained
Debt Fund |
Total
Compensation Paid From Fund Complex1 | |||
Dr. Robert A. Oden, Jr. | $2,022 | $2,115 | $375,000 | |||
Marian U. Pardo | 2,063 | 2,192 | 425,000 |
1 | A Fund Complex means two or more registered investment companies that (i) hold themselves out to investors as related companies for purposes of investment and investor services or (ii) have a common investment adviser or have an investment adviser that is an affiliated person of the investment adviser of any of the other registered investment companies. The J.P. Morgan Funds Complex for which the Board of Trustees currently serves includes ten registered investment companies (128 Funds). |
2 | Includes $375,000 of Deferred Compensation. |
3 | Includes $112,500 of Deferred Compensation. |
4 | Includes $425,000 of Deferred Compensation. |
5 | Mr. Marshall retired as a Trustee of the Trusts, effective 12/31/20. |
6 | Mr. Merin retired as Trustee of the Trusts, effective 2/1/21. Mr. Merin will serve as a consultant to the Board of Trustees until 12/31/21 and, in that role, will receive a fee equivalent to the pro rata portion, for that period, of the annual base fee payable to Trustees. |
Fiscal Year Ended | ||||||||||||
February 28, 2018 | February 28, 2019 | February 29, 2020 | ||||||||||
Fund | Paid | Waived | Paid | Waived | Paid | Waived | ||||||
Core Bond Fund | $71,537 | $(8,877) | $77,421 | $(8,907) | $87,403 | $(2,180) | ||||||
Core Plus Bond Fund | 28,499 | (1,513) | 38,121 | (2,288) | 42,917 | (1,233) | ||||||
Corporate Bond Fund | 4,586 | (234) | 248 | (246) | 339 | (188) | ||||||
Emerging Markets Debt Fund | 10,358 | (1,280) | 6,837 | (987) | 6,904 | (682) | ||||||
Government Bond Fund | 3,387 | (673) | 3,455 | (693) | 5,032 | (789) | ||||||
High Yield Fund | 55,923 | (7,420) | 45,916 | (6,722) | 41,984 | (2,732) | ||||||
Income Fund | 144 | (289) | 755 | (367) | 6,860 | (853) | ||||||
Inflation Managed Bond Fund | 4,807 | (218) | 4,381 | (33) | 3,180 | (190) | ||||||
Limited Duration Bond Fund | 1,742 | (997) | 1,658 | (924) | 1,709 | (839) | ||||||
Mortgage-Backed Securities Fund | 4,648 | (2,983) | 4,166 | (2,749) | 4,489 | (2,409) | ||||||
Short Duration Bond Fund | 9,607 | (1,298) | 7,450 | (1,021) | 6,135 | (945) | ||||||
Short Duration Core Plus Fund | 327 | (235) | 203 | (251) | 3,574 | (560) | ||||||
Strategic Income Opportunities Fund | 49,055 | (6,976) | 50,930 | (6,007) | 51,253 | (5,175) | ||||||
Total Return Fund | 1,571 | (391) | 1,398 | (336) | 1,401 | (330) | ||||||
Unconstrained Debt Fund | 8,540 | (1,025) | 6,860 | (921) | 3,911 | (611) |
Fiscal Year Ended | ||||||||||||
August 31, 2018 | February 28, 2019 | February 29, 2020 | ||||||||||
Fund | Paid | Waived | Paid | Waived | Paid | Waived | ||||||
Floating Rate Income Fund1 | $13,551 | $ (531) | $7,377 | $ (204) | $ 7,703 | $ (239) | ||||||
International Bond Opportunities Fund1 | 12,275 | (3,339) | 5,856 | (1,589) | 11,123 | (1,915) |
1 | Effective February 28, 2019, the Fund changed its fiscal year end from August 31st to the last day of February. |
Non-Performance Based Fee Advisory Accounts | |||||||||||
Registered Investment Companies |
Other Pooled Investment Vehicles |
Other Accounts | |||||||||
Number
of Accounts |
Total
Assets ($thousands) |
Number
of Accounts |
Total
Assets ($thousands) |
Number
of Accounts |
Total
Assets ($thousands) | ||||||
Core Bond Fund | |||||||||||
Richard D. Figuly | 21 | 35,260,593 | 11 | 17,423,192 | 16 | 6,224,800 | |||||
Justin Rucker | 12 | 16,189,870 | 7 | 13,924,546 | 1 | 1,146,352 | |||||
Steven Lear1 | 5 | 21,155,930 | 4 | 5,315,130 | 12 | 2,255,507 | |||||
Core Plus Bond Fund | |||||||||||
Steven Lear | 4 | 5,351,375 | 2 | 2,635,181 | 13 | 3,675,873 | |||||
Richard D. Figuly | 21 | 52,017,115 | 11 | 17,423,192 | 16 | 6,224,800 | |||||
J. Andrew Norelli | 2 | 6,123,587 | 3 | 8,611,056 | 1 | 1,124,278 | |||||
Lisa Coleman | 2 | 317,747 | 9 | 8,119,464 | 63 | 48,525,451 | |||||
Thomas Hauser | 18 | 11,690,908 | 18 | 17,517,800 | 22 | 4,880,492 | |||||
Corporate Bond Fund | |||||||||||
Lisa Coleman | 1 | 35,197 | 9 | 8,119,464 | 63 | 48,525,451 | |||||
Lorenzo Napolitano | 1 | 35,197 | 4 | 5,932,651 | 36 | 40,358,077 | |||||
Raymond Keiser | 0 | 0 | 1 | 157,597 | 23 | 24,165,227 | |||||
Emerging Markets Debt Fund | |||||||||||
Pierre-Yves Bareau | 3 | 1,123,555 | 17 | 37,369,497 | 12 | 3,082,169 | |||||
Emil Babayev | 4 | 2,277,067 | 10 | 6,136,026 | 15 | 4,204,630 | |||||
Floating Rate Income Fund | |||||||||||
James P. Shanahan, Jr. | 28 | 12,665,199 | 40 | 10,358,856 | 18 | 1,338,155 | |||||
Alexander Sammarco | 16 | 3,610,489 | 32 | 6,413,283 | 18 | 1,850,360 | |||||
Thomas Davis | 1 | 292,208 | 0 | 0 | 0 | 0 | |||||
Global Bond Opportunities Fund | |||||||||||
Robert Michele | 2 | 1,296,491 | 7 | 9,052,975 | 0 | 0 | |||||
Iain Stealey | 3 | 5,195,650 | 14 | 11,703,696 | 14 | 10,616,496 | |||||
Lisa Coleman | 2 | 317,747 | 9 | 8,119,464 | 63 | 48,525,451 | |||||
Andrew Headley | 1 | 5,852,288 | 3 | 6,268,048 | 8 | 2,756,615 | |||||
Jeff Hutz | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Government Bond Fund | |||||||||||
Michael Sais | 4 | 5,544,968 | 2 | 886,460 | 13 | 4,774,592 | |||||
Robert Manning | 3 | 2,746,343 | 0 | 0 | 118 | 43,300,745 | |||||
High Yield Fund | |||||||||||
Robert Cook | 17 | 4,854,238 | 18 | 17,517,800 | 22 | 4,880,492 | |||||
James P. Shanahan, Jr. | 28 | 7,057,991 | 40 | 10,358,856 | 18 | 1,338,155 | |||||
Thomas Hauser | 17 | 4,854,238 | 18 | 17,517,800 | 22 | 4,880,492 | |||||
Jeffrey Lovell | 13 | 4,116,951 | 12 | 8,610,882 | 21 | 4,668,578 | |||||
Income Fund | |||||||||||
J. Andrew Norelli | 2 | 15,718,790 | 3 | 8,611,790 | 1 | 1,124,278 | |||||
Andrew Headley | 0 | 0 | 3 | 6,268,048 | 8 | 2,756,615 | |||||
Thomas Hauser | 18 | 11,690,891 | 18 | 17,517,800 | 22 | 4,880,492 | |||||
Inflation Managed Bond Fund | |||||||||||
Scott F. Grimshaw | 2 | 221,918 | 2 | 1,145,146 | 20 | 4,269,500 | |||||
Steven Lear | 4 | 19,625,987 | 2 | 2,635,181 | 13 | 3,675,873 | |||||
David Rooney | 2 | 751,650 | 2 | 714,863 | 0 | 0 | |||||
Limited Duration Bond Fund | |||||||||||
Michael Sais | 4 | 6,543,331 | 2 | 886,460 | 13 | 4,774,592 | |||||
Robert Manning | 3 | 3,744,706 | 0 | 0 | 118 | 43,300,745 | |||||
Mortgage-Backed Securities Fund |
Non-Performance Based Fee Advisory Accounts | |||||||||||
Registered Investment Companies |
Other Pooled Investment Vehicles |
Other Accounts | |||||||||
Number
of Accounts |
Total
Assets ($thousands) |
Number
of Accounts |
Total
Assets ($thousands) |
Number
of Accounts |
Total
Assets ($thousands) | ||||||
Richard Figuly | 21 | 64,883,118 | 11 | 17,423,192 | 16 | 6,224,800 | |||||
Michael Sais | 4 | 4,940,672 | 2 | 886,460 | 13 | 4,774,592 | |||||
Andy Melchiorre | 9 | 13,050,734 | 0 | 0 | 22 | 6,876,505 | |||||
Short Duration Bond Fund | |||||||||||
Cary Fitzgerald | 1 | 3,818,312 | 7 | 8,634,970 | 47 | 24,423,693 | |||||
Toby Maczka | 1 | 28,508 | 3 | 1,536,584 | 41 | 11,490,882 | |||||
Short Duration Core Plus Fund | |||||||||||
Steven Lear | 4 | 17,198,503 | 2 | 2,635,181 | 13 | 3,675,873 | |||||
Cary Fitzgerald | 1 | 3,066,942 | 7 | 8,634,970 | 47 | 23,423,693 | |||||
Strategic Income Opportunities Fund | |||||||||||
William Eigen | 2 | 818,304 | 0 | 0 | 0 | 0 | |||||
Jarred Sherman | 1 | 630,096 | 0 | 0 | 0 | 0 | |||||
Jeffrey Wheeler | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Total Return Fund | |||||||||||
William Eigen | 2 | 11,982,382 | 0 | 0 | 0 | 0 | |||||
Unconstrained Debt Fund | |||||||||||
Robert Michele | 2 | 3,211,741 | 7 | 9,052,975 | 0 | 0 | |||||
Iain Stealey | 3 | 4,071,473 | 14 | 11,703,696 | 14 | 10,616,496 | |||||
Lisa Coleman | 2 | 317,747 | 9 | 8,119,464 | 63 | 48,525,451 | |||||
Andrew Headley | 1 | 5,852,288 | 3 | 6,268,048 | 8 | 2,756,615 | |||||
Jeff Hutz | 0 | 0 | 0 | 0 | 0 | 0 |
Performance Based Fee Advisory Accounts | ||||||||||||||
Registered Investment Companies |
Other Pooled Investment Vehicles |
Other Accounts | ||||||||||||
Number
of Accounts |
Total
Assets ($thousands) |
Number of Accounts |
Total Assets ($thousands) |
Number
of Accounts |
Total
Assets ($thousands) | |||||||||
Core Bond Fund | ||||||||||||||
Richard Figuly | 0 | 0 | 0 | 0 | 1 | 1,146,352 | ||||||||
Justin Rucker | 0 | 0 | 0 | 0 | 1 | 1,146,352 | ||||||||
Steven Lear1 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Core Plus Bond Fund | ||||||||||||||
Steven Lear | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Richard D. Figuly | 0 | 0 | 0 | 0 | 1 | 1,146,352 | ||||||||
J. Andrew Norelli | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Lisa Coleman | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Thomas Hauser | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Corporate Bond Fund | ||||||||||||||
Lisa Coleman | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Lorenzo Napolitano | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Raymond Keiser | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Emerging Markets Debt Fund | ||||||||||||||
Pierre-Yves Bareau | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Emil Babayev | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Floating Rate Income Fund | ||||||||||||||
James P. Shanahan, Jr. | 0 | 0 | 0 | 0 | 1 | 457,321 | ||||||||
Alexander Sammarco | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Thomas Davis | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Global Bond Opportunities Fund | ||||||||||||||
Robert Michele | 0 | 0 | 1 | 1,531,660 | 0 | 0 |
Performance Based Fee Advisory Accounts | ||||||||||||||
Registered Investment Companies |
Other Pooled Investment Vehicles |
Other Accounts | ||||||||||||
Number
of Accounts |
Total
Assets ($thousands) |
Number of Accounts |
Total Assets ($thousands) |
Number
of Accounts |
Total
Assets ($thousands) | |||||||||
Iain Stealey | 0 | 0 | 3 | 1,806,692 | 1 | 170,880 | ||||||||
Lisa Coleman | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Andrew Headley | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Jeff Hutz | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
High Yield Fund | ||||||||||||||
Robert Cook | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
James P. Shanahan | 0 | 0 | 0 | 0 | 1 | 457,321 | ||||||||
Thomas Hauser | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Jeffrey Lovell | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Income Fund | ||||||||||||||
J. Andrew Norelli | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Andrew Headley | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Thomas Hauser | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Inflation Managed Bond Fund | ||||||||||||||
Scott Grimshaw | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Steven Lear | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
David Rooney | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Limited Duration Bond Fund | ||||||||||||||
Michael Sais | 0 | 0 | 0 | 0 | 4 | 1,465,883 | ||||||||
Robert Manning | 0 | 0 | 0 | 0 | 2 | 766,935 | ||||||||
Mortgage-Backed Securities Fund | ||||||||||||||
Richard Figuly | 0 | 0 | 0 | 0 | 1 | 1,146,352 | ||||||||
Michael Sais | 0 | 0 | 0 | 0 | 4 | 1,465,883 | ||||||||
Andy Melchiorre | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Short Duration Bond Fund | ||||||||||||||
Cary Fitzgerald | 0 | 0 | 0 | 0 | 1 | 341,372 | ||||||||
Toby Maczka | 0 | 0 | 0 | 0 | 1 | 341,372 | ||||||||
Short Duration Core Plus Fund | ||||||||||||||
Steven Lear | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Cary Fitzgerald | 0 | 0 | 0 | 0 | 1 | 341,372 | ||||||||
Strategic Income Opportunities Fund | ||||||||||||||
William Eigen | 0 | 0 | 1 | 2,372,880 | 0 | 0 | ||||||||
Jarred Sherman | 0 | 0 | 1 | 2,372,880 | 0 | 0 | ||||||||
Jeffrey Wheeler | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Total Return Fund | ||||||||||||||
William Eigen | 0 | 0 | 1 | 2,372,880 | 0 | 0 | ||||||||
Unconstrained Debt Fund | ||||||||||||||
Robert Michele | 0 | 0 | 1 | 1,531,660 | 0 | 0 | ||||||||
Iain Stealey | 0 | 0 | 3 | 1,806,692 | 1 | 170,880 | ||||||||
Lisa Coleman | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Andrew Headley | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Jeff Hutz | 0 | 0 | 0 | 0 | 0 | 0 |
* | The total value and number of accounts managed by a portfolio manager may include sub-accounts of asset allocation, multi-managed and other accounts. |
1 | As of 11/30/20. |
Aggregate Dollar Range of Securities in the Fund | ||||||||||||||
None | $1-$10,000 | $10,001-
$50,000 |
$50,001- $100,000 |
$100,001-
$500,000 |
$500,001-
$1,000,000 |
Over
$1,000,000 | ||||||||
Core Bond Fund | ||||||||||||||
Richard Figuly | X | |||||||||||||
Justin Rucker | X | |||||||||||||
Steven Lear1 | X | |||||||||||||
Core Plus Bond Fund | ||||||||||||||
Steven Lear | X | |||||||||||||
Richard D. Figuly | X | |||||||||||||
J. Andrew Norelli | X | |||||||||||||
Lisa Coleman | X | |||||||||||||
Thomas Hauser | X | |||||||||||||
Corporate Bond Fund | ||||||||||||||
Lisa Coleman | X | |||||||||||||
Lorenzo Napolitano | X | |||||||||||||
Raymond Keiser | X | |||||||||||||
Emerging Markets Debt Fund | ||||||||||||||
Pierre-Yves Bareau | X | |||||||||||||
Emil Babayev | X | |||||||||||||
Floating Rate Income Fund | ||||||||||||||
James P. Shanahan, Jr. | X | |||||||||||||
Alexander Sammarco | X | |||||||||||||
Thomas Davis | X | |||||||||||||
Global Bond Opportunities Fund | ||||||||||||||
Robert Michele | X | |||||||||||||
Iain Stealey | X | |||||||||||||
Lisa Coleman | X | |||||||||||||
Andrew Headley | X | |||||||||||||
Jeff Hutz | X | |||||||||||||
Government Bond Fund | ||||||||||||||
Michael Sais | X | |||||||||||||
Robert Manning | X | |||||||||||||
High Yield Fund | ||||||||||||||
Robert Cook | X | |||||||||||||
James P. Shanahan, Jr. | X | |||||||||||||
Thomas Hauser | X | |||||||||||||
Jeffrey Lovell | X | |||||||||||||
Income Fund | ||||||||||||||
J. Andrew Norelli | X | |||||||||||||
Andrew Headley | X | |||||||||||||
Thomas Hauser | X | |||||||||||||
Inflation Managed Bond Fund | ||||||||||||||
Scott F. Grimshaw | X | |||||||||||||
Steven Lear | X | |||||||||||||
David Rooney | X | |||||||||||||
Limited Duration Bond Fund | ||||||||||||||
Michael Sais | X | |||||||||||||
Robert Manning | X | |||||||||||||
Mortgage-Backed Securities Fund | ||||||||||||||
Richard Figuly | X | |||||||||||||
Michael Sais | X | |||||||||||||
Andy Melchiorre | X | |||||||||||||
Short Duration Bond Fund | ||||||||||||||
Cary Fitzgerald | X |
Aggregate Dollar Range of Securities in the Fund | ||||||||||||||
None | $1-$10,000 | $10,001-
$50,000 |
$50,001- $100,000 |
$100,001-
$500,000 |
$500,001-
$1,000,000 |
Over
$1,000,000 | ||||||||
Toby Maczka | X | |||||||||||||
Short Duration Core Plus Fund | ||||||||||||||
Steven Lear | X | |||||||||||||
Cary Fitzgerald | X | |||||||||||||
Strategic Income Opportunities Fund | ||||||||||||||
William Eigen | X | |||||||||||||
Jarred Sherman | X | |||||||||||||
Jeffrey Wheeler | X | |||||||||||||
Total Return Fund | ||||||||||||||
William Eigen | X | |||||||||||||
Unconstrained Debt Fund | ||||||||||||||
Robert Michele | X | |||||||||||||
Iain Stealey | X | |||||||||||||
Lisa Coleman | X | |||||||||||||
Andrew Headley | X | |||||||||||||
Jeff Hutz | X |
1 | As of 11/30/20. |
Name of Fund | Benchmark | |
Core Bond Fund | Bloomberg Barclays U.S. Aggregate Index | |
Core Plus Bond Fund | Bloomberg Barclays U.S. Aggregate Index | |
Corporate Bond Fund | Bloomberg Barclays U.S. Aggregate Index | |
Emerging Markets Debt Fund | J.P. Morgan Emerging Markets Bond Index Global Diversified | |
Floating Rate Income Fund | Credit Suisse Leveraged Loan Index | |
Global Bond Opportunities Fund | Bloomberg Barclays Multiverse Index | |
Government Bond Fund | Bloomberg Barclays U.S. Government Bond Index | |
High Yield Fund | Bloomberg Barclays U.S. Corporate High Yield – 2% Issuer Capped Index | |
Income Fund | Bloomberg Barclays U.S. Aggregate Index | |
Inflation Managed Bond Fund | Bloomberg Barclays 1-10 Year TIPS | |
Limited Duration Bond Fund | Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index | |
Mortgage-Backed Securities Fund | Bloomberg Barclays U.S. MBS Index | |
Short Duration Bond Fund | Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index | |
Short Duration Core Plus Fund | Bloomberg Barclays 1-5 Year Government/Credit Index | |
Strategic Income Opportunities Fund | Bloomberg Barclays U.S. Universal Index | |
Total Return Fund | Bloomberg Barclays U.S. Aggregate Index | |
Unconstrained Debt Fund | Bloomberg Barclays U.S. Aggregate Index |
Fiscal Year Ended | ||||||||||||
February 28, 2018 | February 28, 2019 | February 29, 2020 | ||||||||||
Fund | Paid | Waived | Paid | Waived | Paid | Waived | ||||||
Core Bond Fund | $16,651 | $(5,181) | $16,652 | $(5,234) | $13,947 | $ (600) | ||||||
Core Plus Bond Fund | 7,843 | (303) | 10,250 | (389) | 9,892 | — | ||||||
Corporate Bond Fund | 1,226 | (84) | 69 | (64) | 47 | (85) | ||||||
Emerging Markets Debt Fund | 568 | (786) | 297 | (602) | 451 | (405) | ||||||
Government Bond Fund | 740 | (362) | 737 | (369) | 1,147 | (379) | ||||||
High Yield Fund | 4,172 | (4,430) | 3,253 | (3,781) | 4,961 | (1,294) | ||||||
Income Fund | — | (101) | 33 | (222) | 1,391 | (498) | ||||||
Inflation Managed Bond Fund | 1,158 | (11) | 1,010 | (2) | 697 | (103) | ||||||
Limited Duration Bond Fund | 352 | (540) | 323 | (504) | 440 | (444) | ||||||
Mortgage-Backed Securities Fund | — | (1,776) | — | (1,581) | 516 | (1,332) | ||||||
Short Duration Bond Fund | 2,723 | (831) | 2,068 | (649) | 1,714 | (595) | ||||||
Short Duration Core Plus Fund | 3 | (109) | 23 | (122) | 935 | (305) | ||||||
Strategic Income Opportunities Fund | 7,544 | (2,599) | 7,544 | (2,469) | 6,710 | (2,040) | ||||||
Total Return Fund | 368 | (165) | 297 | (167) | 283 | (150) | ||||||
Unconstrained Debt Fund | 1,157 | (575) | 824 | (566) | 382 | (372) |
Fiscal Year Ended | ||||||||||||
August 31, 2018 | February 28, 2019 | February 29, 2020 | ||||||||||
Fund | Paid | Waived | Paid | Waived | Paid | Waived | ||||||
Floating Rate Income Fund1 | $2,007 | $ (71) | $1,069 | $ (26) | $1,037 | $ (46) | ||||||
Global Bond Opportunities Fund1 | 325 | (1,979) | 137 | (937) | 907 | (1,125) |
1 | Effective February 28, 2019, the Fund changed its fiscal year end from August 31st to the last day of February. |
Fiscal Year Ended | ||||||
Fund | February 28, 2018 | February 28, 2019 | February 29, 2020 | |||
Core Bond Fund | $1,150 | $552 | $658 | |||
Core Plus Bond Fund | 741 | 583 | 572 | |||
Corporate Bond Fund | 142 | 21 | 20 | |||
Emerging Markets Debt Fund | 270 | 46 | 44 | |||
Government Bond Fund | 106 | 31 | 46 | |||
High Yield Fund | 510 | 376 | 326 | |||
Income Fund | 79 | 20 | 95 | |||
Inflation Managed Bond Fund | 218 | 53 | 41 | |||
Limited Duration Bond Fund | 158 | 20 | 25 | |||
Mortgage-Backed Securities Fund | 311 | 38 | 52 | |||
Short Duration Bond Fund | 239 | 64 | 64 | |||
Short Duration Core Plus Fund | 35 | 20 | 62 | |||
Strategic Income Opportunities Fund | 722 | 538 | 478 | |||
Total Return Fund | 184 | 26 | 25 | |||
Unconstrained Debt Fund | 257 | 74 | 40 |
Fiscal Year Ended | ||||||
Fund | August 31, 2018 | February 28, 2019 | February 29, 2020 | |||
Floating Rate Income Fund1 | $110 | $116 | $ 55 | |||
Global Bond Opportunities Fund1 | 122 | 121 | 104 |
1 | Effective February 28, 2019, the Fund changed its fiscal year end from August 31st to the last day of February. |
Core
Bond Fund |
Core
Plus Bond Fund |
Corporate
Bond Fund |
Emerging
Markets Debt Fund |
Floating
Rate Income Fund | |||||
Gross Income from Securities Lending Activities1 | $3,301,590 | $4,541,513 | $1,253 | $24,840 | $88,406 | ||||
Fees and/or Compensation for Securities Lending Activities | |||||||||
Revenue Split2 | 29,679 | 70,570 | 54 | 296 | 2,026 | ||||
Cash Collateral Management Fees3 | 115,342 | 152,958 | 64 | 2,031 | 4,824 | ||||
Administrative Fees | — | — | — | — | — | ||||
Indemnification Fees | — | — | — | — | — | ||||
Rebates to Borrowers | 2,810,197 | 3,464,315 | 518 | 18,910 | 55,759 | ||||
Others Fees | — | — | — | — | — | ||||
Aggregate Fees/Compensation for Securities Lending Activities | 2,955,218 | 3,687,843 | 636 | 21,237 | 62,608 | ||||
Net Income from the Securities Lending Activities | 346,372 | 853,669 | 617 | 3,603 | 25,797 |
High
Yield Fund |
Income Fund | Inflation
Managed Bond Fund |
Limited
Duration Bond Fund |
Short
Duration Bond Fund | |||||
Gross Income from Securities Lending Activities1 | $8,542,071 | $1,385,974 | $11,280 | $1,606 | $3,190 | ||||
Fees and/or Compensation for Securities Lending Activities | |||||||||
Revenue Split2 | 200,087 | 24,507 | 192 | 16 | 33 | ||||
Cash Collateral Management Fees3 | 280,458 | 52,528 | 867 | 112 | 242 | ||||
Administrative Fees | — | — | — | — | — | ||||
Indemnification Fees | — | — | — | — | — | ||||
Rebates to Borrowers | 5,773,215 | 1,030,051 | 8,214 | 1,292 | 2,308 | ||||
Others Fees | — | — | — | — | — | ||||
Aggregate Fees/Compensation for Securities Lending Activities | 6,253,760 | 1,107,086 | 9,273 | 1,420 | 2,583 | ||||
Net Income from the Securities Lending Activities | 2,288,311 | 278,888 | 2,008 | 186 | 607 |
Short
Duration Core Plus Fund |
Strategic
Income Opportunities Fund |
Unconstrained
Debt Fund | |||
Gross Income from Securities Lending Activities1 | $51,167 | $1,724,436 | $60,491 | ||
Fees and/or Compensation for Securities Lending Activities | |||||
Revenue Split2 | 1,745 | 34,003 | 1,568 | ||
Cash Collateral Management Fees3 | 4,222 | 60,686 | 3,900 | ||
Administrative Fees | — | — | — | ||
Indemnification Fees | — | — | — | ||
Rebates to Borrowers | 23,238 | 1,233,678 | 35,487 | ||
Others Fees | — | — | — | ||
Aggregate Fees/Compensation for Securities Lending Activities | 29,204 | 1,328,367 | 40,956 | ||
Net Income from the Securities Lending Activities | 21,963 | 396,069 | 19,535 |
1 | Gross income includes income from the reinvestment of cash collateral, premium income (i.e. rebates paid by borrowers to the Fund), management fees from a pooled cash collateral reinvestment vehicle that are deducted from the vehicle's assets before income is distributed, and any other income. |
2 | Revenue split represents the share of revenue generated by securities lending program and paid to Citi. |
3 | Cash collateral is reinvested in certain JPMorgan money market funds that are advised by JPMIM (“money market funds”). Cash collateral management fees include the fees and expenses deducted from the money market funds. The contractual management fees are derived using the Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements from the money market funds’ most recently available prospectus. Actual fees incurred by the Money Market Funds may differ due to other expenses, fee waivers and expense reimbursements. |
Fund | Total
Underwriting Discounts and Commissions |
Compensation
on Redemptions and Repurchases |
Brokerage
Commissions |
Other
Compensation* | ||||
Core Bond Fund | $359,172 | $ 66,466 | $ 9 | $9,369,547 | ||||
Core Plus Bond Fund | 314,627 | 37,486 | — | 5,262,514 | ||||
Corporate Bond Fund | 7,847 | 2,247 | — | 58,530 | ||||
Emerging Markets Debt Fund | 1,335 | 745 | 1,247 | 148,339 | ||||
Global Bond Opportunities Fund | 22,106 | 11,760 | — | 1,045,664 | ||||
Government Bond Fund | 45,334 | 16,513 | 1,384 | 1,507,965 | ||||
High Yield Fund | 89,686 | 14,355 | — | 2,250,235 | ||||
Income Fund | 315,224 | 172,015 | — | 4,055,525 | ||||
Inflation Managed Bond Fund | 354 | 1,746 | — | 101,816 | ||||
Limited Duration Bond Fund | 17,448 | 18,148 | — | 577,960 | ||||
Mortgage-Backed Securities Fund | 34,939 | 3,396 | — | 396,550 | ||||
Short Duration Bond Fund | 94,030 | 57,012 | — | 847,108 | ||||
Short Duration Core Plus Fund | 11,889 | 17,220 | — | 244,725 | ||||
Strategic Income Opportunities Fund | 42,714 | 68,397 | — | 7,658,389 | ||||
Total Return Fund | 9,845 | 1,511 | — | 485,700 | ||||
Unconstrained Debt Fund | 2,887 | 55 | — | 140,894 | ||||
Floating Rate Income Fund | 4,661 | 668 | — | 282,275 |
* | Fees paid by the Fund pursuant to Rule 12b-1 are provided in the “Distribution Fees” section below. |
Funds | Fiscal
Year Ended 2/28/18 |
Fiscal
Year Ended 2/28/19 |
Fiscal
Year Ended 2/29/20 | |||
Core Bond Fund | $206,934 | $185,964 | $359,172 | |||
Core Plus Bond Fund | 252,319 | 185,376 | 314,627 | |||
Corporate Bond Fund | 1,192 | 330 | 7,847 | |||
Emerging Markets Debt Fund | 2,422 | 1,531 | 1,335 | |||
Floating Rate Income Fund* | — | — | 4,661 | |||
Global Bond Opportunities Fund* | 29,423 | 4,298 | 22,106 | |||
Government Bond Fund | 15,798 | 19,710 | 45,334 | |||
High Yield Fund | 84,822 | 63,605 | 89,686 | |||
Income Fund | 37,482 | 51,190 | 315,224 | |||
Inflation Managed Bond Fund | 2,297 | 779 | 354 | |||
Limited Duration Bond Fund | 6,667 | 18,868 | 17,448 | |||
Mortgage-Backed Securities Fund | 18,045 | 17,501 | 34,939 | |||
Short Duration Bond Fund | 41,760 | 62,147 | 94,030 | |||
Short Duration Core Plus Fund | 2,011 | — | 11,889 | |||
Strategic Income Opportunities Fund | 67,555 | 63,823 | 42,714 | |||
Total Return Fund | 5,589 | 3,301 | 9,845 | |||
Unconstrained Debt Fund | 2,014 | 2,442 | 2,887 | |||
* Effective 2/28/19, the Fund’s fiscal year end changed from 8/31 to the last day of February. |
Fiscal Year Ended | ||||||||||||
February 28, 2018 | February 28, 2019 | February 29, 2020 | ||||||||||
Fund | Paid | Waived | Paid | Waived | Paid | Waived | ||||||
Core Bond Fund | ||||||||||||
Class A Shares | $5,765 | $— | $4,651 | $— | $5,292 | $— | ||||||
Class C Shares | 5,868 | — | 4,255 | — | 3,605 | — | ||||||
Class R2 Shares | 538 | — | 480 | — | 443 | — | ||||||
Class R3 Shares | 6 | — | 13 | — | 30 | — | ||||||
Core Plus Bond Fund | ||||||||||||
Class A Shares | 2,590 | — | 3,071 | — | 3,699 | — | ||||||
Class C Shares | 1,841 | — | 1,409 | — | 1,398 | — | ||||||
Class R2 Shares | 148 | — | 104 | — | 147 | — | ||||||
Class R3 Shares | 10 | — | 14 | — | 18 | — | ||||||
Corporate Bond Fund | ||||||||||||
Class A Shares | 374 | — | 67 | — | 40 | — | ||||||
Class C Shares | 6 | — | 8 | — | 18 | — | ||||||
Emerging Markets Debt Fund | ||||||||||||
Class A Shares | 259 | — | 85 | — | 115 | — | ||||||
Class C Shares | 55 | — | 41 | — | 33 | — | ||||||
Government Bond Fund | ||||||||||||
Class A Shares | 1,201 | — | 991 | — | 1,001 | — | ||||||
Class C Shares | 425 | — | 273 | — | 261 | — | ||||||
Class R2 Shares | 281 | — | 229 | — | 197 | — | ||||||
Class R3 Shares | 5 | — | 22 | — | 49 | — | ||||||
High Yield Fund | ||||||||||||
Class A Shares | 1,885 | — | 1,561 | — | 1,394 | — | ||||||
Class C Shares | 1,414 | — | 1,071 | — | 823 | — | ||||||
Class R2 Shares | 42 | — | 35 | — | 32 | — | ||||||
Class R3 Shares1 | —* | — | —* | — | 1 | — | ||||||
Income Fund | ||||||||||||
Class A Shares | 110 | — | 413 | — | 1,211 | — | ||||||
Class C Shares | 59 | — | 281 | — | 2,844 | — | ||||||
Inflation Managed Bond Fund | ||||||||||||
Class A Shares | 56 | — | 64 | — | 63 | — | ||||||
Class C Shares | 43 | — | 44 | — | 39 | — | ||||||
Limited Duration Bond Fund | ||||||||||||
Class A Shares | 324 | — | 346 | — | 428 | — | ||||||
Class C Shares | 235 | — | 132 | — | 150 | — | ||||||
Mortgage-Backed Securities Fund | ||||||||||||
Class A Shares | 304 | — | 271 | — | 313 | — | ||||||
Class C Shares | 111 | — | 79 | — | 84 | — | ||||||
Short Duration Bond Fund | ||||||||||||
Class A Shares | 1,234 | — | 650 | — | 649 | — | ||||||
Class C Shares | 504 | — | 234 | — | 198 | — | ||||||
Short Duration Core Plus Fund | ||||||||||||
Class A Shares | 11 | — | 167 | — | 199 | — | ||||||
Class C Shares | 9 | — | 23 | — | 46 | — | ||||||
Strategic Income Opportunities Fund | ||||||||||||
Class A Shares | 3,064 | — | 2,822 | — | 2,720 | — | ||||||
Class C Shares | 7,651 | — | 6,265 | — | 4,939 | — | ||||||
Total Return Fund | ||||||||||||
Class A Shares | 612 | — | 449 | — | 319 | — | ||||||
Class C Shares | 250 | — | 172 | — | 164 | — | ||||||
Class R2 Shares | 7 | — | 5 | — | 3 | — |
Fiscal Year Ended | ||||||||||||
February 28, 2018 | February 28, 2019 | February 29, 2020 | ||||||||||
Fund | Paid | Waived | Paid | Waived | Paid | Waived | ||||||
Unconstrained Debt Fund | ||||||||||||
Class A Shares | $ 138 | $— | $ 109 | $— | $ 92 | $— | ||||||
Class C Shares | 54 | — | 49 | — | 46 | — | ||||||
Class R2 Shares | 2 | — | 3 | — | 3 | — |
* | Amount rounds to less than $500. |
1 | Commencement of offering of class of shares effective August 21, 2017 for High Yield Fund. |
Fiscal Year Ended | ||||||||||||
August 31, 2018 | February 28, 2019 | February 29, 2020 | ||||||||||
Fund | Paid | Waived | Paid | Waived | Paid | Waived | ||||||
Floating Rate Income Fund1 | ||||||||||||
Class A Shares | $277 | $— | $186 | $— | $133 | $— | ||||||
Class C Shares | 170 | — | 89 | — | 149 | — | ||||||
Global Bond Opportunities Fund1 | ||||||||||||
Class A Shares | 555 | — | 254 | — | 506 | — | ||||||
Class C Shares | 601 | — | 284 | — | 540 | — |
1 | Effective February 28, 2019, the Fund changed its fiscal year end from August 31st to the last day of February. |
Class A, Class C, Class I, Class R2, Class R3 and Class R4 | Up to 0.25% |
Class R5 | 0.10% |
Class R6 | None |
Fiscal Year Ended | ||||||||||||
February 28, 2018 | February 28, 2019 | February 29, 2020 | ||||||||||
Fund | Paid | Waived | Paid | Waived | Paid | Waived | ||||||
Core Bond Fund | ||||||||||||
Class A Shares | $ 3,083 | $ (2,682) | $ 2,663 | $(1,988) | $ 3,131 | $(2,161) | ||||||
Class C Shares | 1,956 | — | 1,418 | — | 1,202 | — | ||||||
Class I Shares | 13,245 | (10,341) | 10,549 | (7,133) | 12,830 | (8,130) | ||||||
Class R2 Shares | 213 | (56) | 228 | (12) | 215 | (6) | ||||||
Class R3 Shares | 5 | (1) | 13 | —* | 29 | (1) | ||||||
Class R4 Shares | 1 | — | 15 | —* | 14 | —* | ||||||
Class R5 Shares | 396 | (12) | 361 | (6) | 276 | (2) | ||||||
Core Plus Bond Fund | ||||||||||||
Class A Shares | 955 | (1,635) | 1,185 | (1,886) | 1,507 | (2,192) | ||||||
Class C Shares | 594 | (20) | 465 | (5) | 466 | — | ||||||
Class I Shares | 616 | (2,697) | 892 | (2,728) | 1,544 | (4,297) | ||||||
Class R2 Shares | 61 | (13) | 45 | (7) | 60 | (14) | ||||||
Class R3 Shares | 9 | (1) | 14 | —* | 18 | —* | ||||||
Class R4 Shares | —* | — | 5 | —* | 9 | — | ||||||
Class R5 Shares | 1 | — | 7 | —* | 17 | — | ||||||
Corporate Bond Fund | ||||||||||||
Class A Shares | 130 | (244) | 19 | (48) | 15 | (25) | ||||||
Class C Shares | — | (2) | — | (2) | 2 | (4) | ||||||
Class I Shares | 48 | (98) | 28 | (43) | 72 | (112) | ||||||
Emerging Markets Debt Fund | ||||||||||||
Class A Shares | 240 | (19) | 67 | (18) | 96 | (19) | ||||||
Class C Shares | 16 | (2) | 13 | (1) | 10 | (1) | ||||||
Class I Shares | 219 | (5) | 126 | (1) | 141 | (5) | ||||||
Class R5 Shares | 1 | —* | —* | —* | 1 | —* | ||||||
Government Bond Fund | ||||||||||||
Class A Shares | 668 | (533) | 546 | (445) | 543 | (458) | ||||||
Class C Shares | 142 | — | 91 | — | 87 | — | ||||||
Class I Shares | 741 | (854) | 804 | (773) | 1,388 | (1,314) | ||||||
Class R2 Shares | 104 | (36) | 102 | (13) | 88 | (10) | ||||||
Class R3 Shares | 4 | (1) | 21 | —* | 48 | (1) | ||||||
Class R4 Shares | 1 | — | 8 | —* | 15 | —* | ||||||
High Yield Fund | ||||||||||||
Class A Shares | 969 | (916) | 856 | (705) | 759 | (635) | ||||||
Class C Shares | 258 | (213) | 204 | (153) | 156 | (119) | ||||||
Class I Shares | 5,366 | (6,381) | 3,725 | (4,540) | 3,475 | (3,686) | ||||||
Class R2 Shares | 10 | (11) | 9 | (8) | 9 | (7) | ||||||
Class R3 Shares1 | —* | — | 1 | —* | 1 | —* | ||||||
Class R4 Shares1 | —* | —* | —* | —* | —* | —* | ||||||
Class R5 Shares | 62 | (8) | 61 | (3) | 31 | (1) | ||||||
Income Fund | ||||||||||||
Class A Shares | — | (110) | — | (413) | — | (1,211) | ||||||
Class C Shares | — | (20) | 17 | (76) | 183 | (765) | ||||||
Class I Shares | — | (43) | — | (104) | — | (3,105) |
Fiscal Year Ended | ||||||||||||
February 28, 2018 | February 28, 2019 | February 29, 2020 | ||||||||||
Fund | Paid | Waived | Paid | Waived | Paid | Waived | ||||||
Inflation Managed Bond Fund | ||||||||||||
Class A Shares | $ 7 | $ (49) | $ 7 | $ (57) | $ 20 | $ (43) | ||||||
Class C Shares | 8 | (6) | 9 | (6) | 10 | (3) | ||||||
Class I Shares | 497 | (427) | 262 | (253) | 283 | (161) | ||||||
Class R5 Shares | 4 | (1) | 10 | (3) | 13 | (2) | ||||||
Limited Duration Bond Fund | ||||||||||||
Class A Shares | 241 | (83) | 261 | (85) | 332 | (96) | ||||||
Class C Shares | 58 | (21) | 33 | (11) | 38 | (12) | ||||||
Class I Shares | 435 | (114) | 463 | (114) | 574 | (145) | ||||||
Mortgage-Backed Securities Fund | ||||||||||||
Class A Shares | 163 | (141) | 149 | (122) | 178 | (135) | ||||||
Class C Shares | 20 | (17) | 14 | (12) | 15 | (13) | ||||||
Class I Shares | 1,393 | (1,032) | 1,357 | (905) | 1,664 | (1,105) | ||||||
Short Duration Bond Fund | ||||||||||||
Class A Shares | 1,188 | (46) | 632 | (18) | 301 | (348) | ||||||
Class C Shares | 158 | (10) | 75 | (3) | 32 | (34) | ||||||
Class I Shares | 3,559 | (7) | 2,110 | (1) | 843 | (890) | ||||||
Short Duration Core Plus Fund | ||||||||||||
Class A Shares | 4 | (7) | 30 | (137) | 35 | (164) | ||||||
Class C Shares | 1 | (2) | 2 | (6) | 3 | (12) | ||||||
Class I Shares | 119 | (132) | 46 | (153) | 84 | (273) | ||||||
Strategic Income Opportunities Fund | ||||||||||||
Class A Shares | 3,008 | (56) | 2,807 | (15) | 2,686 | (34) | ||||||
Class C Shares | 2,496 | (54) | 2,056 | (32) | 1,624 | (22) | ||||||
Class I Shares | 23,600 | (58) | 22,656 | (109) | 22,673 | (93) | ||||||
Class R5 Shares | 240 | (212) | 168 | (45) | 173 | (9) | ||||||
Total Return Fund | ||||||||||||
Class A Shares | 2 | (610) | 1 | (448) | 2 | (317) | ||||||
Class C Shares | 44 | (39) | 32 | (26) | 31 | (24) | ||||||
Class I Shares | 470 | (325) | 473 | (311) | 563 | (359) | ||||||
Class R2 Shares | 2 | (1) | 1 | (1) | — | (1) | ||||||
Class R5 Shares | 5 | (8) | 7 | (9) | 7 | (10) | ||||||
Unconstrained Debt Fund | ||||||||||||
Class A Shares | 79 | (59) | 61 | (48) | 53 | (39) | ||||||
Class C Shares | 10 | (8) | 9 | (7) | 8 | (7) | ||||||
Class I Shares | 1,608 | (1,175) | 1,012 | (673) | 910 | (623) | ||||||
Class R2 Shares | 1 | — | 2 | —* | — | (1) | ||||||
Class R5 Shares | 2 | (2) | 3 | (3) | 6 | (1) |
* | Amount rounds to less than $500. |
1 | Commencement of offering of class of shares effective August 21, 2017 for High Yield Fund. |
Fiscal Year Ended | ||||||||||||
August 31, 2018 | February 28, 2019 | February 29, 2020 | ||||||||||
Fund | Paid | Waived | Paid | Waived | Paid | Waived | ||||||
Floating Rate Income Fund1 | ||||||||||||
Class A Shares | $ 104 | $ (173) | $ 66 | $(120) | $ 34 | $ (99) | ||||||
Class C Shares | 19 | (38) | 11 | (19) | 17 | (33) | ||||||
Class I Shares | 1,379 | (2,048) | 656 | (980) | 604 | (950) | ||||||
Global Bond Opportunities Fund1 | ||||||||||||
Class A Shares | 323 | (232) | 152 | (102) | 313 | (193) | ||||||
Class C Shares | 37 | (163) | 19 | (76) | 37 | (143) | ||||||
Class I Shares | 3,060 | (2,034) | 1,519 | (973) | 3,228 | (1,973) |
1 | Effective February 28, 2019, the Fund changed its fiscal year end from August 31st to the last day of February. |
Fiscal Year Ended | ||||||
Fund | February 28, 2018 | February 28, 2019 | February 29, 2020 | |||
Core Bond Fund | ||||||
Total Brokerage Commissions | $ — | $ — | $ — | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | — | |||
Core Plus Bond Fund | ||||||
Total Brokerage Commissions | 279,619 | 478,329 | 499,275 | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | — | |||
Corporate Bond Fund | ||||||
Total Brokerage Commissions | 130,685 | 35,785 | 14,804 | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | — | |||
Emerging Markets Debt Fund | ||||||
Total Brokerage Commissions | 66,031 | 28,117 | 68,672 | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | — | |||
Government Bond Fund | ||||||
Total Brokerage Commissions | — | — | — | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | — | |||
High Yield Fund | ||||||
Total Brokerage Commissions | 33,677 | 16,738 | 45,964 | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | — | |||
Income Fund | ||||||
Total Brokerage Commissions | 7,017 | 62,297 | 934,090 | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | — | |||
Inflation Managed Bond Fund | ||||||
Total Brokerage Commissions | — | 38,947 | 81,346 | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | — | |||
Limited Duration Bond Fund | ||||||
Total Brokerage Commissions | — | — | — | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | — | |||
Mortgage-Backed Securities Fund | ||||||
Total Brokerage Commissions | — | — | — | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | — | |||
Short Duration Bond Fund | ||||||
Total Brokerage Commissions | — | — | 54,264 | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | — | |||
Short Duration Core Plus Fund | ||||||
Total Brokerage Commissions | 5,101 | 9,929 | 146,013 | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | — |
Fiscal Year Ended | ||||||
Fund | February 28, 2018 | February 28, 2019 | February 29, 2020 | |||
Strategic Income Opportunities Fund | ||||||
Total Brokerage Commissions | $869,640 | $955,636 | $157,943 | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | — | |||
Total Return Fund | ||||||
Total Brokerage Commissions | 30,415 | 35,837 | 16,225 | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | — | |||
Unconstrained Debt Fund | ||||||
Total Brokerage Commissions | 215,777 | 103,674 | 72,645 | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | — |
Fiscal Year Ended | ||||||
Fund | August 31, 2018 | February 28, 2019 | February 29, 2020 | |||
Floating Rate Income Fund1 | ||||||
Total Brokerage Commissions | $ 10,969 | $ — | $ 15,830 | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — | ||||
Global Bond Opportunities Fund1 | ||||||
Total Brokerage Commissions | 226,325 | 111,664 | 232,449 | |||
Brokerage Commissions to Affiliated Broker/Dealers | — | — |
1 | Effective February 28, 2019, the Fund changed its fiscal year end from August 31st to the last day of February. |
Fund Name | Amount | |
Core Bond Fund | $0 | |
Core Plus Bond Fund | 0 | |
Corporate Bond Fund | 0 | |
Emerging Markets Debt Fund | 0 | |
Floating Rate Income Fund | 0 | |
Global Bond Opportunities Fund | 0 | |
Government Bond Fund | 0 | |
High Yield Fund | 0 | |
Income Fund | 0 | |
Inflation Managed Bond Fund | 0 | |
Limited Duration Bond Fund | 0 | |
Mortgage-Backed Securities Fund | 0 | |
Short Duration Bond Fund | 0 | |
Short Duration Core Plus Fund | 0 | |
Strategic Income Opportunities Fund | 0 | |
Total Return Fund | 0 | |
Unconstrained Debt Fund | 0 |
Fund | Name of Broker-Dealer | Value
of Securities Owned (000's)* | ||
Core Bond Fund | Bank of America Corp. | $275,097 | ||
Barclays plc | 19,487 | |||
Citigroup, Inc. | 153,434 | |||
Credit Suisse Group AG | 55,603 | |||
Deutsche Bank AG | 20,939 |
Fund | Name of Broker-Dealer | Value
of Securities Owned (000's)* | ||
Goldman Sachs Group, Inc. (The) | 229,555 | |||
HSBC Holdings plc | 109,218 | |||
Morgan Stanley | 194,780 | |||
Nomura Holdings, Inc. | 14,831 | |||
Wells Fargo & Co. | 135,875 | |||
Core Plus Bond Fund | Bank of America Corp. | 150,708 | ||
Barclays plc | 10,558 | |||
Citigroup, Inc. | 66,690 | |||
Credit Suisse Group AG | 37,361 | |||
Deutsche Bank AG | 1,909 | |||
Goldman Sachs Group, Inc. (The) | 67,800 | |||
HSBC Holdings plc | 87,582 | |||
Morgan Stanley | 90,643 | |||
Wells Fargo & Co. | 102,387 | |||
Corporate Bond Fund | Bank of America Corp. | 7,959 | ||
Barclays plc | 1,918 | |||
Citigroup, Inc. | 7,722 | |||
Credit Suisse Group AG | 3,351 | |||
Goldman Sachs Group, Inc. (The) | 5,245 | |||
Morgan Stanley | 7,437 | |||
Wells Fargo & Co. | 7,031 | |||
Global Bond Opportunities Fund | Bank of America Corp. | $ 25,841 | ||
Barclays plc | 1,446 | |||
BNP Paribas SA | 2,674 | |||
Citigroup, Inc. | 15,109 | |||
Credit Suisse Group AG | 14,988 | |||
Deutsche Bank AG | 1,025 | |||
Goldman Sachs Group, Inc. (The) | 18,551 | |||
HSBC Holdings plc | 6,892 | |||
Morgan Stanley | 18,216 | |||
UBS Group AG | 9,675 | |||
High Yield Fund | Bank of America Corp. | 19,043 | ||
Barclays plc | 18,555 | |||
Citigroup, Inc. | 18,781 | |||
Income Fund | Bank of America Corp. | 1,556 | ||
Barclays plc | 12,836 | |||
Citigroup, Inc. | 6,851 | |||
Credit Suisse Group AG | 7,232 | |||
Goldman Sachs Group, Inc. (The) | 9,120 | |||
Inflation Managed Bond Fund | Barclays plc | 1,863 | ||
BNP Paribas SA | 1,401 | |||
Citigroup, Inc. | 9,134 | |||
Credit Agricole SA | 822 | |||
Deutsche Bank AG | 1,138 | |||
Goldman Sachs Group, Inc. (The) | 11,344 | |||
HSBC Holdings plc | 5,174 | |||
Morgan Stanley | 9,860 | |||
Toronto-Dominion Bank (The) | 1,008 | |||
UBS Group AG | 1,394 | |||
Wells Fargo & Co. | 6,764 | |||
Limited Duration Bond Fund | Bank of America Corp. | 1,787 | ||
Barclays plc | 3,169 | |||
Citigroup, Inc. | 4,044 | |||
Goldman Sachs Group, Inc. (The) | 1,027 | |||
Morgan Stanley | 2,958 | |||
Wells Fargo & Co. | 12,523 | |||
Short Duration Bond Fund | Bank of America Corp. | 24,410 | ||
Barclays plc | 14,271 | |||
BNP Paribas SA | 7,365 | |||
Citigroup, Inc. | 27,991 |
Fund | Name of Broker-Dealer | Value
of Securities Owned (000's)* | ||
Credit Suisse Group AG | $ 7,559 | |||
Deutsche Bank AG | 13,455 | |||
Goldman Sachs Group, Inc. (The) | 30,805 | |||
HSBC Holdings plc | 18,282 | |||
Morgan Stanley | 19,797 | |||
Nomura Holdings, Inc. | 1,650 | |||
Short Duration Core Plus Fund | Bank of America Corp. | 24,257 | ||
Barclays plc | 21,078 | |||
BNP Paribas SA | 11,552 | |||
Citigroup, Inc. | 26,412 | |||
Credit Suisse Group AG | 26,502 | |||
Deutsche Bank AG | 5,753 | |||
Goldman Sachs Group, Inc. (The) | 29,390 | |||
HSBC Holdings plc | 12,471 | |||
Morgan Stanley | 26,612 | |||
Wells Fargo & Co. | 27,462 | |||
Strategic Income Opportunities Fund | Bank of America Corp. | 216,386 | ||
Barclays plc | 107,583 | |||
Citigroup, Inc. | 232,935 | |||
Deutsche Bank AG | 76,370 | |||
Goldman Sachs Group, Inc. (The) | 139,916 | |||
Societe Generale SA | 106,000 | |||
Toronto-Dominion Bank (The) | 94,912 | |||
UBS Group AG | 55,897 | |||
Wells Fargo & Co. | 139,084 | |||
Total Return Fund | Bank of America Corp. | 8,138 | ||
Barclays plc | 2,308 | |||
Citigroup, Inc. | 8,763 | |||
Credit Suisse Group AG | 3,547 | |||
Goldman Sachs Group, Inc. (The) | 5,415 | |||
Societe Generale SA | 5,000 | |||
Toronto-Dominion Bank (The) | 1,512 | |||
UBS Group AG | 2,025 | |||
Wells Fargo & Co. | 3,110 | |||
Unconstrained Debt Fund | Bank of America Corp. | 8,320 | ||
Citigroup, Inc. | 5,145 | |||
Credit Suisse Group AG | 3,733 | |||
Goldman Sachs Group, Inc. (The) | 7,232 | |||
HSBC Holdings plc | 4,253 | |||
Morgan Stanley | 6,315 | |||
UBS Group AG | 7,434 | |||
Wells Fargo & Co. | 2,965 |
* | The totals above do not include asset-backed and mortgage-backed securities where a security includes the name of the regular broker-dealer. |
Amount of Purchases | Finder’s Fees | |
$1,000,000 – $9,999,999* | 0.50% | |
$10,000,000 or more | 0.25% |
* | If the total sale of Class A Shares of Funds that have Finders’ Fees (“Qualifying Funds”) is $1,000,000 or more but the amount of the sale applicable to the Mortgage-Backed Securities Fund, is less than $1,000,000, the Financial Intermediary will receive a finder’s fee equal to 0.50% of the sale of the Class A Shares of the Mortgage Backed Securities Fund. The Finders’ Fee Schedule for other Qualifying Funds can be found in the Statement of Additional Information for such Qualifying Funds. |
Amount of Purchases | Finder’s Fees | |
$250,000 – $3,999,999* | 0.75% | |
$4,000,000 – $9,999,999 | 0.50% | |
$10,000,000 or more | 0.25% |
* | If the total sale of Class A Shares of Funds that have Finders’ Fees (“Qualifying Funds”) is $250,000 or more but the amount of the sale applicable to the Floating Rate Income Fund, Limited Duration Bond Fund, Short Duration Bond Fund or Short Duration Core Plus is less than $250,000, the Financial Intermediary will receive a finder’s fee equal to 0.75% of the sale of the Class A Shares of the Limited Duration Bond Fund, Short Duration Bond Fund or Short Duration Core Plus Fund. The Finders’ Fee Schedule for other Qualifying Funds can be found in the Statement of Additional Information for such Qualifying Funds. |
Amount of Purchases | Finder’s Fees | |
$1,000,000 – $3,999,999* | 0.75% | |
$4,000,000 – $49,999,999 | 0.50% | |
$50,000,000 or more | 0.25% |
* | If the total sale of Class A Shares of Funds that have Finders’ Fees (“Qualifying Funds”) is $1,000,000 or more but the amount of the sale applicable to a Fund (other than Class A Shares of the Floating Rate Income Fund, Limited Duration Bond Fund, Mortgage-Backed Securities Fund, Short Duration Bond Fund and Short Duration Core Plus Fund) is less than $1,000,000, the Financial Intermediary will receive a finder’s fee equal to 0.75% of the sale of the Class A Shares of the Fund (other than the Floating Rate Income Fund, Limited Duration Bond Fund, Mortgage-Backed Securities Fund, Short Duration Bond Fund and Short Duration Core Plus Fund). The Finders’ Fee Schedule for other Qualifying Funds can be found in the Statement of Additional Information for such Qualifying Funds. |
Capital Loss Carryforward Character | ||||
Fund | Short-Term | Long-Term | ||
Corporate Bond Fund | $ 7,824 | $ — | ||
Emerging Markets Debt Fund | 185,154 | 33,435 | ||
Floating Rate Income Fund | 38,133 | 213,031 | ||
Global Bond Opportunities Fund | 25,018 | 46,673 | ||
Government Bond Fund | 719 | 1,256 | ||
High Yield Fund | 78,167 | 430,681 | ||
Inflation Managed Bond Fund | 70,867 | — | ||
Limited Duration Bond Fund | — | 12,041 | ||
Short Duration Bond Fund | 459 | 18,914 | ||
Short Duration Core Plus Fund1 | 682 | 11,030 | ||
Strategic Income Opportunities Fund | 99,496 | 577,392 | ||
Unconstrained Debt Fund | 62,202 | 72,060 |
1 | Amount includes capital loss carry forwards which are limited in future years under Internal Revenue Code sections 381-384. |
All Funds | |||
Bloomberg LP | Monthly | 30 days after month end | |
Factset | Monthly | 5 days after month end | |
JPMorgan Chase & Co. | Monthly | 30 days after month end | |
Lipper, Inc. | Monthly | 30 days after month end | |
MorningStar Inc. | Monthly | 30 days after month end | |
The McGraw Hill Companies — Standard & Poor’s Corporation | Monthly | 30 days after month end | |
Vickers Stock Research Corp. | Monthly | 30 days after month end | |
Core Bond Fund | |||
Advisor Edge/Roger Casey | Quarterly | 30 days after quarter end | |
Jeffrey Slocum & Associates | Quarterly | 30 days after quarter end | |
Wells Fargo Wealth Management | Quarterly | 30 days after quarter end | |
Raymond James | Quarterly | 10 days after quarter end | |
Lockwood Advisors | Quarterly | 30 days after quarter end | |
Akzo Nobel | Monthly | 30 days after month end | |
UBS | Monthly | 30 days after month end | |
Wilshire Associates | Monthly | 5 days after quarter end | |
Floating Rate Income Fund | |||
Vestek | Monthly | 30 days after month end | |
Global Bond Opportunities Fund | |||
AARP | Monthly | 7 days after month end | |
Certus Financial Group | Monthly | 7 days after month end | |
Government Bond Fund | |||
Lockwood Advisors | Quarterly | 30 days after quarter end |
PB Manager Selection | Monthly | 30 days after month end | |
RFP Fixed Income US | Quarterly | 30 days after quarter end | |
High Yield Fund | |||
Lockwood Advisors | Quarterly | 30 days after quarter end | |
Wells Fargo Wealth Management | Quarterly | 30 days after quarter end | |
PSN & MorningStar | Quarterly | 10 days after quarter end | |
Short Duration Bond Fund | |||
Joint Commission on Accreditation of Healthcare Organizations | Quarterly | 30 days after quarter end | |
Lockwood Advisors | Quarterly | 30 days after quarter end | |
St. Lawrence University | Monthly | 30 days after month end | |
University Hospitals | Monthly | 30 days after month end | |
California Institute of Technology | Monthly | 10 days after month end | |
Common Fund | Monthly | 5 days after month end | |
Wilshire Associates | Monthly | 3 days after month end | |
Strategic Income Opportunities Fund | |||
Wells Fargo Wealth Management | Quarterly | 10 days after quarter end | |
Wilshire Associates | Monthly | 3 days after month end | |
Texas Treasury Safekeeping Trust Company | Monthly | 30 days after month end | |
Bank of New York Mellon | Monthly | 30 days after month end | |
Unconstrained Debt Fund | |||
Nestle USA | Monthly | 8 days after month end |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
JPMORGAN CORPORATE BOND FUND | ||
CLASS A SHARES | NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
61.73% |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
13.12% | |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
7.71% | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
5.37% | |
CLASS C SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
56.00% |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
16.85% | |
LPL
FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
10.80% | |
RAYMOND
JAMES & ASSOC INC CSDN FBO GEORGE P GENTRY IRA PO BOX 2057 LEBANON OR 97355-0985 |
7.28% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
CLASS I SHARES | NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
60.29% |
LPL
FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
12.86% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
11.27% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
10.16% | |
CLASS R6 SHARES | MAC
& CO ATTN MUTUAL FUND OPS PO BOX 3198 525 WILLIAM PENN PLACE PITTSBURGH PA 15230-3198 |
12.71% |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2025 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
12.69% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2030 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
10.73% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2020 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
10.45% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
9.69% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2035 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
8.45% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT INCOME FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
6.07% | |
JPMORGAN EMERGING MARKETS DEBT FUND | ||
CLASS A SHARES | NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
34.61% |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
20.83% | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
13.23% | |
WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
6.11% | |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
5.83% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
5.54% | |
CLASS C SHARES | WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
32.91% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
22.36% | |
RAYMOND
JAMES OMNIBUS FOR MUTUAL FUNDS ATTN COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
12.80% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
11.64% | |
LPL
FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
5.54% | |
CLASS I SHARES | CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN: MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
24.36% |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
13.17% | |
MORGAN
STANLEY SMITH BARNEY LLC FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
12.56% | |
LPL
FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
12.38% | |
NATIONAL
FINANCIAL SERVICES LLC FOR THE EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
9.91% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
5.84% | |
AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
5.40% | |
CLASS R5 SHARES | NABANK
& CO. PO BOX 2180 TULSA OK 74101-2180 |
99.66% |
CLASS R6 SHARES | MAC
& CO ATTN MUTUAL FUND OPS PO BOX 3198 525 WILLIAM PENN PLACE PITTSBURGH PA 15230-3198 |
11.63% |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2025 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
8.83% | |
JPMIM
AS AGENT FOR* JPMORGAN INVESTOR BALANCED FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
8.77% | |
JPMIM
AS AGENT FOR* MINISTERS & MISSIONARIES BENEFIT BD OF AMER BAPTIST CHURCHES - ANNUITY ATTN CLIENT SERVICES 1111 POLARIS PKWY # OH1-0084 COLUMBUS OH 43240-2031 |
8.36% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2030 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
8.14% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2020 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
7.62% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
JPMIM
AS AGENT FOR* JPMORGAN INVESTOR CONSERVATIVE GROWTH FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
6.57% | |
JPMORGAN FLOATING RATE INCOME FUND | ||
CLASS A SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
36.28% |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
24.89% | |
RAYMOND
JAMES OMNIBUS FOR MUTUAL FUNDS ATTN COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
5.31% | |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
5.23% | |
CLASS C SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
51.18% |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
8.14% | |
LPL
FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
6.72% | |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
5.59% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
CLASS I SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
90.51% |
CLASS R6 SHARES | JPMIM
AS AGENT FOR* JPMORGAN INVESTOR CONSERVATIVE GROWTH FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
15.64% |
JPMIM
AS AGENT FOR* JPMORGAN INVESTOR BALANCED FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
15.30% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2020 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
11.76% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2025 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
11.37% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT INCOME FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
7.42% | |
MAC
& CO ATTN MUTUAL FUND OPS PO BOX 3198 525 WILLIAM PENN PLACE PITTSBURGH PA 15230-3198 |
7.34% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
6.71% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
JPMIM
AS AGENT FOR* JPMORGAN INVESTOR GROWTH AND INCOME ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
6.52% | |
SEI
PRIVATE TRUST COMPANY C/O UNION BANK 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
5.21% | |
JPMORGAN GLOBAL BOND OPPORTUNITIES FUND | ||
CLASS A SHARES | CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN: MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
49.94% |
UBS
WM USA OMNI ACCOUNT M/F SPEC CDY A/C EBOC UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
10.05% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
6.22% | |
WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
6.18% | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
5.63% | |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
5.09% | |
CLASS C SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
16.74% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
14.32% | |
UBS
WM USA OMNI ACCOUNT M/F SPEC CDY A/C EBOC UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
14.03% | |
MORGAN
STANLEY SMITH BARNEY LLC FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
12.29% | |
RAYMOND
JAMES OMNIBUS FOR MUTUAL FUNDS ATTN COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
9.30% | |
WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
7.94% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
6.48% | |
CLASS I SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
26.79% |
AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
11.11% | |
NATIONAL
FINANCIAL SERVICES LLC FOR THE EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
10.73% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
UBS
WM USA OMNI ACCOUNT M/F SPEC CDY A/C EBOC UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
8.30% | |
MORGAN
STANLEY SMITH BARNEY LLC FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
6.20% | |
CLASS R6 SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
29.37% |
JPMIM
AS AGENT FOR* AARP ATTN CLIENT SERVICES 1111 POLARIS PKWY # OH1-0084 COLUMBUS OH 43240-2031 |
20.44% | |
C/O
HILLS SWP SEI PRIVATE TRUST COMPANY 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
13.58% | |
NATIONAL
FINANCIAL SERVICES LLC 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
8.89% | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
7.71% | |
JPMORGAN INCOME FUND | ||
CLASS A SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
49.76% |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
25.48% | |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
7.60% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
CLASS C SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
92.68% |
CLASS I SHARES | CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN: MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
54.99% |
NATIONAL
FINANCIAL SERVICES LLC FOR THE EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
9.17% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
7.70% | |
AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
5.64% | |
LPL
FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
5.45% | |
CLASS R6 SHARES | JPMIM
AS AGENT FOR* JPMORGAN INVESTOR CONSERVATIVE GROWTH FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
23.52% |
JPMIM
AS AGENT FOR* JPMORGAN INVESTOR BALANCED FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
22.93% | |
JPMIM
AS AGENT FOR* JPMORGAN INVESTOR GROWTH AND INCOME ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
9.93% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2020 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
8.39% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2025 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
7.96% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT INCOME FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
5.71% | |
JPMORGAN INFLATION MANAGED BOND FUND | ||
CLASS A SHARES | NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
46.48% |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
14.89% | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
11.78% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
5.92% | |
CLASS C SHARES | NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
29.44% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
19.20% | |
MORGAN
STANLEY SMITH BARNEY LLC FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
14.62% | |
RAYMOND
JAMES OMNIBUS FOR MUTUAL FUNDS ATTN COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
8.04% | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
7.26% | |
CLASS I SHARES | NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
53.11% |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
15.51% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
9.35% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
8.45% | |
CLASS R5 SHARES | NATIONAL
FINANCIAL SERVICES LLC THE NORTHERN TRUST COMPANY 333 S WABASH AVE CHICAGO IL 60604-4107 |
67.13% |
NATIONAL
FINANCIAL SERVICES LLC 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
17.80% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
DCGT
TRUSTEE & OR CUSTODIAN FBO PLIC VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
7.02% | |
CLASS R6 SHARES | JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2020 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
29.60% |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT INCOME FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
19.53% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2025 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
14.53% | |
JPMIM
AS AGENT FOR* JPMORGAN INVESTOR BALANCED FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
6.07% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT BLEND 2020 ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
5.97% | |
JPMIM
AS AGENT FOR* JPMORGAN INVESTOR CONSERVATIVE GROWTH FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
5.65% | |
MAC
& CO ATTN MUTUAL FUND OPS PO BOX 3198 525 WILLIAM PENN PLACE PITTSBURGH PA 15230-3198 |
5.59% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
JPMORGAN SHORT DURATION CORE PLUS FUND | ||
CLASS A SHARES | NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
44.37% |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
33.11% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
7.61% | |
CLASS C SHARES | RAYMOND
JAMES OMNIBUS FOR MUTUAL FUNDS ATTN COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
23.25% |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
16.08% | |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
13.85% | |
STIFEL
NICOLAUS & CO INC EXCLUSIVE BENEFIT OF CUSTOMERS 501 N BROADWAY SAINT LOUIS MO 63102-2188 |
13.71% | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
11.32% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
8.70% | |
LPL
FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
8.39% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
CLASS I SHARES | CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN: MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
20.44% |
LPL
FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
15.67% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
15.58% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
13.38% | |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
13.37% | |
RAYMOND
JAMES OMNIBUS FOR MUTUAL FUNDS ATTN COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
6.36% | |
CLASS R6 SHARES | JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2025 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
25.46% |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2030 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
22.17% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2020 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
20.75% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT INCOME FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
12.13% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT BLEND 2025 ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
5.09% | |
JPMORGAN STRATEGIC INCOME OPPORTUNITIES FUND | ||
CLASS A SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
19.05% |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN: MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
16.76% | |
MORGAN
STANLEY SMITH BARNEY LLC FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
12.73% | |
UBS
WM USA OMNI ACCOUNT M/F SPEC CDY A/C EBOC UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
10.21% | |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
8.24% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
7.11% | |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR EAST 2ND FL JACKSONVILLE FL 32246-6484 |
6.92% | |
CLASS C SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
29.53% |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR EAST 2ND FL JACKSONVILLE FL 32246-6484 |
15.16% | |
UBS
WM USA OMNI ACCOUNT M/F SPEC CDY A/C EBOC UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
12.38% | |
WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
9.26% | |
MORGAN
STANLEY SMITH BARNEY LLC FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
7.87% | |
RAYMOND
JAMES OMNIBUS FOR MUTUAL FUNDS ATTN COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
6.16% | |
CLASS I SHARES | CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN: MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
16.59% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
14.76% | |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
12.82% | |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR EAST 2ND FL JACKSONVILLE FL 32246-6484 |
10.82% | |
MORGAN
STANLEY SMITH BARNEY LLC FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
10.45% | |
UBS
WM USA OMNI ACCOUNT M/F SPEC CDY A/C EBOC UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
8.19% | |
CLASS R5 SHARES | NATIONAL
FINANCIAL SERVICES LLC 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
18.07% |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
14.50% | |
JOHN
HANCOCK TRUST COMPANY LLC 690 CANTON ST STE 100 WESTWOOD MA 02090-2324 |
12.49% | |
WELLS
FARGO BANK NA FBO MACOMB COUNTY- CASH PO BOX 1533 MINNEAPOLIS MN 55480-1533 |
10.05% | |
COMERICA
BANK FBO DINGLE - ERISA PO BOX 75000 DETROIT MI 48275-0001 |
5.99% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
NATIONWIDE
TRUST COMPANY FSB C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
5.60% | |
CLASS R6 SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
23.55% |
JPMIM
AS AGENT FOR* TEXAS TREASURY SAFEKEEPING TRUST CO 1111 POLARIS PKWY # OH1-0084 COLUMBUS OH 43240-2031 |
14.19% | |
MAC
& CO ATTN MUTUAL FUND OPERATIONS 500 GRANT ST RM 151-1010 PITTSBURGH PA 15219-2502 |
12.55% | |
BROWN
BROTHERS HARRIMAN & CO AS CUSTODIAN 140 BROADWAY NEW YORK NY 10005 |
7.66% | |
SEI
PRIVATE TRUST COMPANY C/O REGIONS BANK ONE FREEDOM VALLEY DRIVE OAKS PA 19456-9989 |
7.52% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
7.47% | |
JPMORGAN TOTAL RETURN FUND | ||
CLASS A SHARES | GREAT-WEST
TRUST CO LLC TTEE C FBO GREAT WEST IRA ADVANTAGE C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
35.35% |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
13.97% | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
10.07% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
7.54% | |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
5.83% | |
CLASS C SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
24.87% |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
11.88% | |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
10.25% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
8.32% | |
WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
7.57% | |
AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
6.47% | |
CLASS I SHARES | RBC
CAPITAL MARKETS LLC MUTUAL FUND OMNIBUS PROCESSING OMNIBUS ATTN MUTUAL FUND OPS MANAGER 60 S 6TH ST STE 700 MINNEAPOLIS MN 55402-4413 |
28.06% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
16.74% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
10.11% | |
AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
8.81% | |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN: MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
7.91% | |
CLASS R2 SHARES | ASCENSUS
TRUST COMPANY FBO CHEMBULK MANAGEMENT DEFERRED COMP. PO BOX 10758 FARGO ND 58106-0758 |
68.05% |
ASCENSUS
TRUST COMPANY FBO ADVERTISING CLUB OF NEW YORK, INC. PO BOX 10758 FARGO ND 58106-0758 |
15.72% | |
ASCENSUS
TRUST COMPANY FBO THOMAS W KAUFFMAN DDS PC 401(K) PO BOX 10758 FARGO ND 58106-0758 |
7.59% | |
CLASS R5 SHARES | VOYA
RETIREMENT INSURANCE AND ANNUITY COMPANY ATTN TREASURY DEPT 5780 POWERS FERRY RD NW ATLANTA GA 30327-4347 |
26.56% |
NATIONAL
FINANCIAL SERVICES LLC 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
21.65% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN: MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
11.10% | |
GREAT-WEST
TRUST CO LLC FBO RECORDKEEPING FOR VARIOUS PLANS C/O MUTUAL FUND TRADING 8525 E ORCHARD RD GREENWOOD VLG CO 80111-5002 |
10.97% | |
GREAT-WEST
TRUST COMPANY LLC FBO EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
9.76% | |
NATIONWIDE
TRUST CO FSB C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
5.83% | |
CLASS R6 SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
19.91% |
TIAA,
FSB CUST/TTEE FBO: RETIREMENT PLANS FOR WHICH TIAA ACTS AS RECORDKEEPER ATTN: TRUST OPERATIONS 211 N BROADWAY STE 1000 SAINT LOUIS MO 63102-2748 |
15.66% | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
11.71% | |
NATIONAL
FINANCIAL SERVICES LLC FIIOC AS AGENT FOR QUALIFIED EMPLOYEE BENEFIT PLANS (401K) FINOPS-IC FUNDS 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
10.32% | |
RELIANCE
TRUST COMPANY FBO MASSMUTUAL REGISTERED PRODUCT PO BOX 28004 ATLANTA GA 30358-0004 |
7.45% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR EAST 2ND FL JACKSONVILLE FL 32246-6484 |
7.39% | |
JPMORGAN UNCONSTRAINED DEBT FUND | ||
CLASS A SHARES | NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
43.93% |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
16.50% | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
13.07% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
10.87% | |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
6.97% | |
CLASS C SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
54.59% |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
8.63% | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
7.57% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
7.27% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
UBS
WM USA OMNI ACCOUNT M/F SPEC CDY A/C EBOC UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
6.13% | |
CLASS I SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
73.41% |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
18.99% | |
CLASS R2 SHARES | ASCENSUS
TRUST COMPANY FBO THE ALCALDE & FAY 401(K) PLAN PO BOX 10758 FARGO ND 58106-0758 |
53.92% |
MATRIX
TRUST COMPANY CUST. FBO WINDRIVER GRAIN, L.L.C. EMPLOYEES 717 17TH ST STE 1300 DENVER CO 80202-3304 |
38.63% | |
CLASS R5 SHARES | MITRA
& CO C/O RELIANCE TRUST COMPANY(WI) 480 PILGRIM WAY STE 1000 GREEN BAY WI 54304-5280 |
100.00% |
CLASS R6 SHARES | STATE
STREET BANK AND TRUST COMPANY NESTLE IN THE USA SAVING TRUST 1 LINCOLN ST BOSTON MA 02111-2901 |
29.34% |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
15.93% | |
JPMIM
AS AGENT FOR* JPMORGAN INVESTOR BALANCED FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
12.98% | |
MORGAN
STANLEY SMITH BARNEY LLC FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
12.40% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
JPMIM
AS AGENT FOR* JPMORGAN INVESTOR CONSERVATIVE GROWTH FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
10.90% | |
PIPEFITTERS
LOCAL 636 DEFINED BENEFIT PENSION FUND 700 TOWER DR STE 300 TROY MI 48098-2835 |
7.11% | |
JPMIM
AS AGENT FOR* CL&F RESOURCES - GMAG CUSTOM ATTN CLIENT SERVICES 1111 POLARIS PKWY OH1-0084 COLUMBUS OH 43240-2050 |
5.42% | |
JPMORGAN CORE BOND FUND | ||
CLASS A SHARES | EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
30.73% |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
22.61% | |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
11.82% | |
CLASS C SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
53.87% |
WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
10.59% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
6.30% | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
5.69% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
CLASS I SHARES | NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
21.04% |
WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
20.21% | |
LPL
FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
15.69% | |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUNDS 211 MAIN STREET SAN FRANCISCO CA 94105-1905 |
5.54% | |
CLASS R2 SHARES | HARTFORD
LIFE INSURANCE COMPANY SEPARATE ACCOUNT ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
26.33% |
STATE
STREET BANK & TRUST AS TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST FL 1 BOSTON MA 02111-2900 |
24.64% | |
NATIONAL
FINANCIAL SERVICES LLC 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
18.44% | |
NABANK
& CO. PO BOX 2180 TULSA OK 74101-2180 |
11.42% | |
CLASS R3 SHARES | MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
42.78% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
STATE
STREET BANK & TRUST AS TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST FL 1 BOSTON MA 02111-2900 |
28.65% | |
NATIONWIDE
TRUST COMPANY FSB C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
9.79% | |
MATRIX
TRUST COMPANY CUST. FBO CENTRAL COMMUNITY UNIT DISTRICT 717 17TH ST STE 1300 DENVER CO 80202-3304 |
5.43% | |
CLASS R4 SHARES | STATE
STREET BANK & TRUST AS TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST FL 1 BOSTON MA 02111-2900 |
67.93% |
ASCENSUS
TRUST COMPANY FBO ADVICEONE ADVISORY SERVICE 401(K) PO BOX 10758 FARGO ND 58106-0758 |
17.15% | |
ASCENSUS
TRUST COMPANY FBO BEACHFRONT MEDICAL 401 K PO BOX 10758 FARGO ND 58106-0758 |
6.43% | |
CLASS R5 SHARES | MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
34.24% |
NATIONAL
FINANCIAL SERVICES LLC 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
17.68% | |
JOHN
HANCOCK TRUST COMPANY LLC 690 CANTON ST STE 100 WESTWOOD MA 02090-2324 |
13.48% | |
MASSACHUSETTS
MUTUAL LIFE INS CO ATTN RS FUND OPERATIONS 1295 STATE STREET SPRINGFIELD MA 01111-0001 |
7.31% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
5.41% | |
CLASS R6 SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
21.17% |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
16.72% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2025 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
7.03% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2030 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
6.09% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2020 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
5.81% | |
JPMIM
AS AGENT FOR* JPMORGAN INVESTOR CONSERVATIVE GROWTH FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
5.58% | |
JPMIM
AS AGENT FOR* JPMORGAN INVESTOR BALANCED FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
5.07% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
JPMORGAN CORE PLUS BOND FUND | ||
CLASS A SHARES | EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
37.80% |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
21.70% | |
GREAT-WEST
TRUST CO LLC TTEE C FBO GREAT WEST IRA ADVANTAGE C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
12.34% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
9.23% | |
CLASS C SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
58.67% |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
9.84% | |
WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
7.15% | |
RAYMOND
JAMES OMNIBUS FOR MUTUAL FUNDS ATTN COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
7.01% | |
CLASS I SHARES | NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
25.76% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN: MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
14.96% | |
AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
8.51% | |
LPL
FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
8.13% | |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
7.54% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
6.53% | |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR EAST 2ND FL JACKSONVILLE FL 32246-6484 |
5.26% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
5.23% | |
CLASS L SHARES ** | CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN: MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
30.47% |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
30.29% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
STIFEL
NICOLAUS & CO INC EXCLUSIVE BENEFIT OF CUSTOMERS 501 N BROADWAY SAINT LOUIS MO 63102-2188 |
5.22% | |
CLASS R2 SHARES | STATE
STREET BANK & TRUST AS TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST FL 1 BOSTON MA 02111-2900 |
73.58% |
DCGT
TRUSTEE & OR CUSTODIAN FBO PLIC VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
8.88% | |
CLASS R3 SHARES | DCGT
AS TTEE AND/OR CUST FBO PLIC VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
40.84% |
GREAT-WEST
TRUST COMPANY LLC TTEE EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
20.32% | |
STATE
STREET BANK & TRUST AS TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST FL 1 BOSTON MA 02111-2900 |
6.44% | |
NATIONWIDE
TRUST COMPANY FSB C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
5.83% | |
CLASS R4 SHARES | RELIANCE
TRUST CO FBO MASSMUTUAL REGISTERED PRODUCT PO BOX 28004 ATLANTA GA 30358-0004 |
51.60% |
GREAT-WEST
TRUST COMPANY LLC TTEE EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
16.96% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
DCGT
AS TTEE AND/OR CUST FBO PLIC VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
13.56% | |
NFS
LLC FEBO FIIOC AS AGENT FOR QUALIFIED EMPLOYEE BENEFIT PLANS (401K) FINOPS-IC FUNDS 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
7.71% | |
CLASS R5 SHARES | JOHN
HANCOCK TRUST COMPANY LLC 690 CANTON ST STE 100 WESTWOOD MA 02090-2324 |
86.50% |
NATIONWIDE
TRUST COMPANY FSB C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
9.20% | |
CLASS R6 SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
22.02% |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
16.38% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2035 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
7.77% | |
NATIONAL
FINANCIAL SERVICES LLC 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
7.59% | |
MAC
& CO ATTN MUTUAL FUND OPERATIONS 500 GRANT ST RM 151-1010 PITTSBURGH PA 15219-2502 |
5.74% | |
JPMORGAN GOVERNMENT BOND FUND | ||
CLASS A SHARES | MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
22.33% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
17.40% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
14.48% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
11.57% | |
STATE
STREET BANK & TRUST AS TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST FL 1 BOSTON MA 02111-2900 |
5.38% | |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
5.11% | |
CLASS C SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
43.50% |
WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
16.95% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
6.56% | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
5.95% | |
MERRILL
LYNCH PIERCE FENNER & SMITH INC FOR THE SOLE BENEFIT OF CUSTOMERS 4800 DEER LAKE DR EAST JACKSONVILLE FL 32246-6484 |
5.51% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
CLASS I SHARES | TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
14.21% |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
12.80% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
12.10% | |
AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
10.27% | |
STIFEL
NICOLAUS & CO INC EXCLUSIVE BENEFIT OF CUSTOMERS 501 N BROADWAY SAINT LOUIS MO 63102-2188 |
6.86% | |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
6.53% | |
PIMS/PRUDENTIAL
RETIREMENT AS NOMINEE FOR THE TTEE/CUST THE MGM RESORTS 401(K) SAVINGS 840 GRIER DRIVE LAS VEGAS NV 89119-3778 |
5.08% | |
CLASS R2 SHARES | STATE
STREET BANK & TRUST AS TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST FL 1 BOSTON MA 02111-2900 |
35.87% |
DCGT
TRUSTEE & OR CUSTODIAN FBO PLIC VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
20.43% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
10.98% | |
LINCOLN
RETIREMENT SERVICES CO CUST ALTERNATIVES UNLIMITED INC 403B PO BOX 7876 FORT WAYNE IN 46801-7876 |
6.54% | |
CLASS R3 SHARES | MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
76.70% |
STATE
STREET BANK & TRUST AS TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST FL 1 BOSTON MA 02111-2900 |
16.69% | |
CLASS R4 SHARES | DCGT
AS TTEE AND/OR CUST FBO PLIC VARIOUS RETIREMENT PLANS ATTN NPIO TRADE DESK OMNIBUS 711 HIGH ST DES MOINES IA 50392-0001 |
26.76% |
NFS
LLC FEBO STATE STREET BANK TRUST CO TTEE VARIOUS RETIREMENT PLANS 440 MAMARONECK AVE HARRISON NY 10528-2418 |
23.53% | |
NATIONAL
FINANCIAL SERVICES LLC 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
19.45% | |
STATE
STREET BANK & TRUST AS TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST FL 1 BOSTON MA 02111-2900 |
11.68% | |
LINCOLN
RETIREMENT SERVICES COMPANY FBO GLOBAL IID 401(K) PLAN PO BOX 7876 FORT WAYNE IN 46801-7876 |
6.97% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
ASCENSUS
TRUST COMPANY FBO RADIUS GLOBAL MARKETING RESEARCH LL PO BOX 10758 FARGO ND 58106-0758 |
6.84% | |
CLASS R6 SHARES | EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
39.51% |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
15.63% | |
NATIONAL
FINANCIAL SERVICES LLC 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
8.78% | |
JPMIM
AS AGENT FOR* JPMORGAN INVESTOR CONSERVATIVE GROWTH FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
5.30% | |
JPMORGAN HIGH YIELD FUND | ||
CLASS A SHARES | EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
32.53% |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
19.51% | |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
13.27% | |
GREAT-WEST
TRUST CO LLC TTEE C FBO GREAT WEST IRA ADVANTAGE C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
5.44% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
CLASS C SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
43.62% |
WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
9.41% | |
RAYMOND
JAMES OMNIBUS FOR MUTUAL FUNDS ATTN COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
7.91% | |
MERRILL
LYNCH PIERCE FENNER & SMITH INC FOR THE SOLE BENEFIT OF CUSTOMERS 4800 DEER LAKE DR EAST JACKSONVILLE FL 32246-6484 |
6.40% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
5.18% | |
CLASS I SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
34.60% |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
17.28% | |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR THE BENEFIT OF CUSTOMERS ATTN: MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
12.87% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
8.59% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
CLASS R2 SHARES | DCGT
TRUSTEE & OR CUSTODIAN FBO PLIC VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
24.81% |
NATIONAL
FINANCIAL SERVICES LLC 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
20.78% | |
SEI
PRIVATE TRUST CO FBO CLINTON UTL BOARD C/O SUNTRUST BANK 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
9.35% | |
CLASS R3 SHARES | MATRIX
TRUST COMPANY AGENT FOR TRP RPS RK FBO 401(K) SACHS SAX CAPLAN PL 6111 BROKEN SOUND PKWY NW STE 200 BOCA RATON FL 33487-3644 |
69.46% |
DCGT
AS TTEE AND/OR CUST FBO PLIC VARIOUS RETIREMENT PLANS ATTN NPIO TRADE DESK OMNIBUS 711 HIGH ST DES MOINES IA 50392-0001 |
17.20% | |
PATTERSON
& CO FBO HOUSTON DIST TAX ADV RET PLAN 1525 WEST WT HARRIS BLVD CHARLOTTE NC 28288-1076 |
13.34% | |
CLASS R4 SHARES | MATRIX
TRUST COMPANY CUST FBO ST IGNACE AREA SCHOOLS 403(B) PLAN 717 17TH ST STE 1300 DENVER CO 80202-3304 |
45.93% |
MATRIX
TRUST COMPANY CUST FBO FOX SCHOOL DISTRICT 403(B) PLAN 717 17TH ST STE 1300 DENVER CO 80202-3304 |
27.99% | |
MATRIX
TRUST COMPANY CUST FBO SEMINOLE STATE COLL OF FLORIDA 403B 717 17TH ST STE 1300 DENVER CO 80202-3304 |
25.23% | |
CLASS R5 SHARES | NATIONAL
FINANCIAL SERVICES LLC 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
43.76% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR EAST 2ND FL JACKSONVILLE FL 32246-6484 |
22.21% | |
RELIANCE
TRUST COMPANY FBO MASSMUTUAL REGISTERED PRODUCT PO BOX 28004 ATLANTA GA 30358-0004 |
10.63% | |
CLASS R6 SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
32.27% |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
13.40% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2020 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
5.32% | |
JPMIM
AS AGENT FOR* JPMORGAN SMARTRETIREMENT 2025 FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
5.20% | |
JPMORGAN LIMITED DURATION BOND FUND | ||
CLASS A SHARES | EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
21.41% |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
20.87% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
20.21% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
CLASS C SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
21.91% |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
15.16% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
12.63% | |
MORGAN
STANLEY SMITH BARNEY LLC FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
9.56% | |
AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
8.33% | |
WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
5.63% | |
CLASS I SHARES | NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
22.12% |
AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
17.05% | |
LPL
FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
16.56% | |
MORGAN
STANLEY SMITH BARNEY LLC FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
8.55% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
7.66% | |
WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
7.52% | |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR EAST 2ND FL JACKSONVILLE FL 32246-6484 |
5.11% | |
CLASS R6 SHARES | JPMIM
AS AGENT FOR* JPMORGAN INVESTOR CONSERVATIVE GROWTH FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
42.55% |
JPMIM
AS AGENT FOR* JPMORGAN INVESTOR BALANCED FUND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
28.41% | |
JPMIM
AS AGENT FOR* JPMORGAN INVESTOR GROWTH AND INCOME ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD DE3-3650 NEWARK DE 19713-2105 |
6.10% | |
JPMORGAN MORTGAGE-BACKED SECURITIES FUND | ||
CLASS A SHARES | EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
47.85% |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN: MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
13.15% | |
UBS
WM USA OMNI ACCOUNT M/F SPEC CDY A/C EBOC UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
9.06% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
8.78% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
5.76% | |
CLASS C SHARES | EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
18.85% |
LPL
FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
14.96% | |
WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
10.90% | |
MORGAN
STANLEY SMITH BARNEY LLC FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
10.01% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
8.21% | |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
8.14% | |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS 499 WASHINGTON BLVD ATTN MUTUAL FUNDS DEPT 4TH FLOOR JERSEY CITY NJ 07310-1995 |
6.20% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
5.47% | |
RAYMOND
JAMES OMNIBUS FOR MUTUAL FUNDS ATTN COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
5.02% | |
CLASS I SHARES | CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN: MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105-1905 |
19.94% |
NATIONAL
FINANCIAL SERVICES LLC FOR THE EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
16.63% | |
LPL
FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
16.37% | |
PERSHING
LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
6.72% | |
AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
6.30% | |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR EAST 2ND FL JACKSONVILLE FL 32246-6484 |
5.01% | |
CLASS R6 SHARES | EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
15.89% |
JPMIM
AS AGENT FOR* CLARIAN HEALTH PARTNERS INC ATTN CLIENT SERVICES 1111 POLARIS PKWY # OH1-0084 COLUMBUS OH 43240-2031 |
10.83% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
JPMIM
AS AGENT FOR* NORTH DAKOTA BOARD OF UNIVERSITY AND SCHOOL LANDS ATTN CLIENT SERVICES 1111 POLARIS PKWY # OH1-0084 COLUMBUS OH 43240-2031 |
8.97% | |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
6.79% | |
JPMIM
AS AGENT FOR* ST GEORGE CORP US FIXED INCOME CORE BOND ATTN CLIENT SERVICES 500 STANTON CHRISTIANA RD FL 2 MAIL CODE DE3-3750 NEWARK DE 19713-2105 |
5.38% | |
SAXON
& CO. PO BOX 94597 CLEVELAND OH 44101-4597 |
5.33% | |
JPMORGAN SHORT DURATION BOND FUND | ||
CLASS A SHARES | EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
64.72% |
J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
13.22% | |
CLASS C SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
48.08% |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
13.47% | |
WELLS
FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
7.67% | |
RAYMOND
JAMES OMNIBUS FOR MUTUAL FUNDS ATTN COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
6.62% |
Name of Fund | Name and Address of Shareholder | Percentage
Held |
CLASS I SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
67.64% |
NATIONAL
FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
5.13% | |
CLASS R6 SHARES | J.
P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
39.85% |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
15.31% |
* | The shareholder of record is a subsidiary or affiliate of JPMorgan Chase & Co. (a “JPMorgan Affiliate”). Typically, the shares are held for the benefit of underlying accounts for which the JPMorgan Affiliate may have voting or investment power. To the extent that JPMorgan Affiliates own 25% or more of a class of shares of a Fund, JPMorgan Chase & Co. may be deemed to be a “controlling person” of such shares under the 1940 Act. |
** | Class L Shares of the JPMorgan Core Plus Bond Fund converted to Class I Shares as of 6/2/2020. |
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A-1 |
|
B-1 |
1. | bridges; |
2. | highways; |
3. | roads; |
4. | schools; |
5. | waterworks and sewer systems; and |
6. | other utilities. |
1. | refunding outstanding obligations; |
2. | obtaining funds for general operating expenses; and |
3. | obtaining funds to lend to other public institutions and facilities. |
1. | water, sewage and solid waste facilities; |
2. | qualified residential rental projects; |
3. | certain local electric, gas and other heating or cooling facilities; |
4. | qualified hazardous waste facilities; |
5. | high-speed intercity rail facilities; |
6. | governmentally-owned airports, docks and wharves and mass transportation facilities; |
7. | qualified mortgages; |
8. | student loan and redevelopment bonds; and |
9. | bonds used for certain organizations exempt from Federal income taxation. |
1. | privately operated housing facilities; |
2. | sports facilities; |
3. | industrial parks; |
4. | convention or trade show facilities; |
5. | airport, mass transit, port or parking facilities; |
6. | air or water pollution control facilities; |
7. | sewage or solid waste disposal facilities; and |
8. | facilities for water supply. |
1. | Short-term tax-exempt General Obligations Notes; |
2. | Tax Anticipation Notes; |
3. | Bond Anticipation Notes; |
4. | Revenue Anticipation Notes; |
5. | Project Notes; and |
6. | Other forms of short-term tax-exempt loans. |
1. | general money market conditions; |
2. | coupon rate; |
3. | the financial condition of the issuer; |
4. | general conditions of the municipal bond market; |
5. | the size of a particular offering; |
6. | the maturity of the obligations; and |
7. | the rating of the issue. |
• | the interest on the bonds may become taxable, possibly retroactively from the date of issuance; |
• | the value of the bonds may be reduced; |
• | you and other Shareholders may be subject to unanticipated tax liabilities; |
• | a Fund may be required to sell the bonds at the reduced value; |
• | it may be an event of default under the applicable mortgage; |
• | the holder may be permitted to accelerate payment of the bond; and |
• | the issuer may be required to redeem the bond. |
• | limited financial resources; |
• | infrequent or limited trading; and |
• | more abrupt or erratic price movements than larger company securities. |
(a) | derive at least 90% of its gross income for each taxable year from (i) dividends, interest, payments with respect to certain securities loans, and gain from the sale or other disposition of stock, securities, or foreign currencies, or other income (including, but not limited to, gain from options, swaps, futures, or forward contracts) derived with respect to its business of investing in such stock, securities, or currencies and (ii) net income derived from interests in “qualified publicly traded partnerships” (“QPTPs,” defined below); |
(b) | diversify its holdings so that, at the end of each quarter of the Fund’s taxable year, (i) at least 50% of the market value of the Fund’s total assets is represented by cash and cash items, U.S. government securities, securities of other regulated investment companies, and other securities, limited in respect of any one issuer to an amount not greater than 5% of the value of the Fund’s total assets and not more than 10% of the outstanding voting securities of such issuer, and (ii) not more than 25% of the value of the Fund’s total assets is invested (x) in the securities (other than cash or cash items, or securities issued by the U.S. government or other regulated investment companies) of any one issuer or of two or more issuers that the Fund controls and that are engaged in the same, similar, or related trades or businesses, or (y) in the securities of one or more QPTPs. In the case of a Fund’s investments in loan participations, the Fund shall treat both the financial intermediary and the issuer of the underlying loan as an issuer for the purposes of meeting this diversification requirement; and |
(c) | distribute with respect to each taxable year at least 90% of the sum of its investment company taxable income (as that term is defined in the Code, without regard to the deduction for dividends paid — generally, taxable ordinary income and any excess of net short-term capital gain over net long-term capital loss) and net tax-exempt interest income, for such taxable year. |
Name
(Year of Birth; Positions with the Funds since) |
Principal
Occupation During Past 5 Years |
Number
of Funds in Fund Complex Overseen by Trustee(1) |
Other
Directorships Held During the Past 5 Years | |||
John
F. Finn (1947); Chair since 2020; Trustee of the Trusts since 2005; Trustee of heritage One Group Mutual Funds since 1998. |
Chairman, Gardner, Inc. (supply chain management company serving industrial and consumer markets) (serving in various roles 1974–present). | 128 | Director,
Greif, Inc. (GEF) (industrial package products and services)
(2007–present); Trustee, Columbus Association for the Performing Arts
(1988– present); Director, Cardinal Health, Inc. (CAH) (1994–2014). |
Name
(Year of Birth; Positions with the Funds since) |
Principal
Occupation During Past 5 Years |
Number
of Funds in Fund Complex Overseen by Trustee(1) |
Other
Directorships Held During the Past 5 Years | |||
Stephen
P. Fisher (1959); Trustee of the Trusts since 2018. |
Retired; Chairman and Chief Executive Officer, NYLIFE Distributors LLC (registered broker-dealer) (serving in various roles 2008-2013); Chairman, NYLIM Service Company LLC (transfer agent) (2008-2017); New York Life Investment Management LLC (registered investment adviser) (serving in various roles 2005-2017); Chairman, IndexIQ Advisors LLC (registered investment adviser for ETFs) (2014-2017); President, MainStay VP Funds Trust (2007-2017), MainStay DefinedTerm Municipal Opportunities Fund (2011-2017) and MainStay Funds Trust (2007-2017) (registered investment companies). | 128 | Honors Program Advisory Board Member, The Zicklin School of Business, Baruch College, The City University of New York (2017-present). | |||
Kathleen
M. Gallagher (1958); Trustee of the Trusts since 2018. |
Retired; Chief Investment Officer – Benefit Plans, Ford Motor Company (serving in various roles 1985-2016). | 128 | Non-Executive Director, Legal & General Investment Management (Holdings) (2018-present); Non-Executive Director, Legal & General Investment Management America (financial services and insurance) (2017-present); Advisory Board Member, Global Fiduciary Solutions, State Street Global Advisors (2017-present); Member, Client Advisory Council, Financial Engines, LLC (registered investment adviser) (2011-2016); Director, Ford Pension Funds Investment Management Ltd. (2007-2016). |
Name
(Year of Birth; Positions with the Funds since) |
Principal
Occupation During Past 5 Years |
Number
of Funds in Fund Complex Overseen by Trustee(1) |
Other
Directorships Held During the Past 5 Years | |||
Dennis
P. Harrington (1950); Trustee of the Trusts since 2017. |
Retired;
Partner, Deloitte LLP (serving in various roles 1984– 2012). |
128 | None. | |||
Frankie
D. Hughes (1952); Trustee of the Trusts since 2008. |
President,
Ashland Hughes Properties (property management) (2014–present); President
and Chief Investment Officer, Hughes Capital Management, Inc. (fixed
income asset management) (1993– 2014). |
128 | None. | |||
Raymond
Kanner (1953); Trustee of the Trusts since 2017. |
Retired; Managing Director and Chief Investment Officer, IBM Retirement Funds (2007–2016). | 128 | Advisory
Board Member, Penso Advisors, LLC (2020-present); Advisory Board Member,
Los Angeles Capital (2018-present); Advisory Board Member, State Street
Global Advisors Global Fiduciary Solutions Board (2017-present); Acting
Executive Director, Committee on Investment of Employee Benefit Assets
(CIEBA) (2016-2017); Advisory Board Member, Betterment for Business (robo
advisor) (2016– 2017); Advisory Board Member, BlueStar Indexes (index creator) (2013–2017); Director, Emerging Markets Growth Fund (registered investment company) (1997-2016); Member, Russell Index Client Advisory Board (2001– 2015). |
Name
(Year of Birth; Positions with the Funds since) |
Principal
Occupation During Past 5 Years |
Number
of Funds in Fund Complex Overseen by Trustee(1) |
Other
Directorships Held During the Past 5 Years | |||
Mary
E. Martinez (1960); Vice Chair since 2021; Trustee of the Trusts since 2013. |
Associate,
Special Properties, a Christie’s International Real Estate Affiliate
(2010– present); Managing Director, Bank of America (asset management)
(2007– 2008); Chief Operating Officer, U.S. Trust Asset Management, U.S. Trust Company (asset management) (2003–2007); President, Excelsior Funds (registered investment companies) (2004–2005). |
128 | None. | |||
Marilyn
McCoy (1948); Trustee of the Trusts since 2005; Trustee of heritage One Group Mutual Funds since 1999. |
Vice
President, Administration and Planning, Northwestern University
(1985– present). |
128 | None. | |||
Dr.
Robert A. Oden, Jr. (1946); Trustee of the Trusts since 2005; Trustee of heritage One Group Mutual Funds since 1997. |
Retired; President, Carleton College (2002–2010); President, Kenyon College (1995–2002). | 128 | Trustee
and Vice Chair, Trout Unlimited (2017-present); Trustee, American Museum
of Fly Fishing (2013– present); Vice Chair, Dartmouth-Hitchcock Medical Center (2011– present); Trustee, American University in Cairo (1999–2014). | |||
Marian
U. Pardo (1946); Trustee of the Trusts since 2013. |
Managing
Director and Founder, Virtual Capital Management LLC (investment
consulting) (2007– present); Managing Director, Credit Suisse Asset Management (portfolio manager) (2003–2006). |
128 | President and Member, Board of Governors, Columbus Citizens Foundation (not-for-profit supporting philanthropic and cultural programs) (2006–present). | |||
(1) | A Fund Complex means two or more registered investment companies that hold themselves out to investors as related companies for purposes of investment and investor services or have a common investment adviser or have an investment adviser that is an affiliated person of the investment adviser of any of the other registered investment companies. The J.P. Morgan Funds Complex for which the Board of Trustees serves currently includes ten registered investment companies (128 J.P. Morgan Funds). |
1 | J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. Those businesses include, but are not limited to, J.P. Morgan Investment Management Inc. |
Name of Committee | Members | Committee Chair | ||
Audit and Valuation Committee | Ms.
Gallagher Mr. Harrington Mr. Kanner |
Ms. Gallagher | ||
Compliance Committee | Ms.
Pardo Mr. Fisher Ms. Hughes |
Ms. Pardo | ||
Governance Committee | Mr.
Finn Ms. Martinez Ms. McCoy Dr. Oden |
Mr. Finn | ||
Equity Committee | Mr.
Kanner Mr. Harrington Ms. Pardo |
Mr. Kanner | ||
Fixed Income Committee | Dr.
Oden Ms. Hughes Ms. Martinez |
Dr. Oden | ||
Money
Market and Alternative Products Committee |
Mr.
Fisher Ms. Gallagher Ms. McCoy |
Mr. Fisher |
Name
(Year of Birth), Positions Held with the Trusts (Since) |
Principal Occupations During Past 5 Years | |
Brian S. Shlissel (1964), President and Principal Executive Officer (2016) | Managing Director and Chief Administrative Officer for J.P. Morgan pooled vehicles, J.P. Morgan Investment Management Inc. (formerly JPMorgan Funds Management, Inc.) (from 2014 to present); Managing Director and Head of Mutual Fund Services, Allianz Global Investors; President and Chief Executive Officer, Allianz Global Investors Mutual Funds and PIMCO Closed-End Funds (from 1999 to 2014) | |
Timothy J. Clemens (1975), Treasurer and Principal Financial Officer (2018) | Executive Director, J.P. Morgan Investment Management Inc. (formerly JPMorgan Funds Management, Inc.) since February 2016; Vice President, JPMorgan Funds Management, Inc. from October 2013 to January 2016; Chief Financial Officer and Head of Valuation, Aberdeen Asset Management PLC (previously Artio Global Management) from 2009 to September 2013. | |
Gregory S. Samuels (1980), Secretary (2019)* (formerly Assistant Secretary since 2010) | Executive Director and Assistant General Counsel, JPMorgan Chase since February 2014; formerly Vice President and Assistant General Counsel, JPMorgan Chase from 2010. | |
Stephen M. Ungerman (1953), Chief Compliance Officer (2005) | Managing Director, JPMorgan Chase & Co.; Mr. Ungerman has been with JPMorgan Chase & Co. since 2000. | |
Elizabeth A. Davin (1964), Assistant Secretary (2005)** | Executive Director and Assistant General Counsel, JPMorgan Chase since February 2012; formerly Vice President and Assistant General Counsel, JPMorgan Chase from 2005 until February 2012; Senior Counsel, JPMorgan Chase (formerly Bank One Corporation) from 2004 to 2005. | |
Jessica K. Ditullio (1962), Assistant Secretary (2005)** | Executive Director and Assistant General Counsel. Ms. Ditullio has been with JPMorgan Chase (formerly Bank One Corporation) since 1990. | |
Anthony Geron (1971), Assistant Secretary (2018)* | Vice President and Assistant General Counsel, JPMorgan Chase since September 2018; Lead Director and Counsel, AXA Equitable Life Insurance Company from 2015 to 2018 and Senior Director and Counsel, AXA Equitable Life Insurance Company from 2014 to 2015; Associate, Willkie Farr & Gallagher (law firm) from 2007 to 2014. | |
Carmine Lekstutis (1980), Assistant Secretary (2011)* | Executive Director and Assistant General Counsel, JPMorgan Chase since February 2015; formerly Vice President and Assistant General Counsel, JPMorgan Chase from 2011 to February 2015. |
Name
(Year of Birth), Positions Held with the Trusts (Since) |
Principal Occupations During Past 5 Years | |
Zachary
E. Vonnegut-Gabovitch (1986), Assistant Secretary (2017)* |
Vice President and Assistant General Counsel, JPMorgan Chase since September 2016; Associate, Morgan, Lewis & Bockius (law firm) from 2012 to 2016. | |
Michael M. D’Ambrosio (1969), Assistant Treasurer (2012) | Managing Director, J.P. Morgan Investment Management Inc. (formerly JPMorgan Funds Management, Inc.) since May 2014; formerly Executive Director, J.P. Morgan Investment Management Inc. from 2012 to May 2014. | |
Michael Mannarino (1985), Assistant Treasurer (2020) | Vice President, J.P. Morgan Investment Management Inc. (formerly JPMorgan Funds Management, Inc.) since 2014. | |
Joseph Parascondola (1963), Assistant Treasurer (2011)* | Vice President, J.P. Morgan Investment Management Inc. (formerly JPMorgan Funds Management, Inc.) since August 2006. | |
Jeffrey D. House (1972), Assistant Treasurer (2017)** | Vice President, J.P. Morgan Investment Management Inc. (formerly JPMorgan Funds Management, Inc.) since July 2006. | |
Gillian I. Sands (1969), Assistant Treasurer (2012)* | Vice President, J.P. Morgan Investment Management Inc. (formerly JPMorgan Funds Management, Inc.) from September 2012; Assistant Treasurer, Wells Fargo Funds Management (from 2007 to 2009). | |
Shannon Gaines (1977), Assistant Treasurer (2018)** | Vice President, J.P. Morgan Investment Management Inc. (formerly JPMorgan Funds Management, Inc.) since January 2014. | |
Aleksandr Fleytekh (1972), Assistant Treasurer (2019)* | Vice President, J.P. Morgan Investment Management Inc. (formerly JPMorgan Funds Management, Inc.) since February 2012. |
* | The contact address for the officer is 4 New York Plaza, New York, NY 10004. |
** | The contact address for the officer is 1111 Polaris Parkway, Columbus, OH 43240 |
1 | The affiliates of JPMIM that act as Adviser or Sub-Adviser to a Fund – J.P. Morgan Private Investments Inc.—will also face some or all of the conflicts of interest described in this section. References to JPMIM should be read to apply to these other advisers for a Fund advised or sub-advised by such other adviser. |
Money Market Funds: | ||
Tier One | First $250 billion | 0.0013% |
Tier Two | Over $250 billion | 0.0010% |
Complex Assets1 Funds: | ||
Tier One | First $75 billion | 0.00425% |
Tier Two | Next $25 billion | 0.0040% |
Tier Three | Over $100 billion | 0.0035% |
Non-Complex Assets Funds: | ||
Tier One | First $75 billion | 0.0025% |
Tier Two | Next $25 billion | 0.0020% |
Tier Three | Over $100 billion | 0.0015% |
Other Fees: | ||
Fund of Funds (for a Fund of Funds that invests in J.P. Morgan Funds only) | $17,500 2 | |
Additional Share Classes (this additional class expense applies after the fifth class) | $ 2,000 | |
Daily Market-based Net Asset Value Calculation for Money Market Funds | $15,000 per Fund | |
Hourly Net Asset Value Calculation for Money Market Funds | $5,000 per Fund | |
Floating NAV Support for Money Market Funds | $100,000 per Fund |
1 | “Complex Assets Funds” are Funds whose strategy “routinely” employs one or more of the following instrument types: Bank Loans, Exchange Traded Derivatives or CFD/Portfolio Swaps. The Funds’ classification as either “Complex” or “Non-Complex” will be reviewed on at least an annual basis. Fund of Funds are excluded by both “Complex Assets Funds” and “Non-Complex Assets Funds.” |
2 | Fund of Funds are not subject to the asset based fees described above. |
Annual
Minimums: (except for certain Funds of Funds which are subject to the fee described above) |
|
Money Market Funds | $15,000 per Fund |
All Other Funds | $20,000 per Fund |
• | $15 or $45 per proxy (depending on the country where the issuer is located) for its service which helps facilitate the voting of proxies throughout the world. For securities in the U.S. market, this fee is waived if the Adviser votes the proxies directly; |
• | $2,000 per year for account maintenance for each custody collateral control account; |
• | $2.25 or $15 for income or redemption processing (depending on whether the security is held book entry or physically); and |
• | $2.50 to $53.50 for each cash payment or receipt transaction. |
Money Market Funds1: | ||
Tier One | First $250 billion | 0.0013% |
Tier Two | Over $250 billion | 0.0010% |
All Funds except Money Market Funds: | ||
Tier One | Up to $100 billion | 0.00375% |
Tier Two | $100 billion to $175 billion | 0.0030% |
Tier Three | Over $175 billion | 0.0020% |
Other Fees: | ||
Additional Share Classes (this additional class expense applies after the tenth class) | $2,000 per Class | |
Daily Market-based Net Asset Value Calculation for Money Market Funds | $15,000 per Fund | |
Hourly Net Asset Value Calculation for Money Market Funds | $5,000 per Fund | |
Floating NAV Support for Money Market Funds | $85,000 per Fund |
1 | A cap on fund accounting fees for each Money Market Fund will be set at $1,400,000 per year. This cap may be reviewed annually for possible adjustment. |
Annual Minimums: | |
Money Market Funds | $15,000 per Fund |
All Other Funds | $20,000 per Fund |
1. | Academy Securities, Inc. |
2. | Allianz Life Insurance Company of North America |
3. | American Veterans Group, PBC |
4. | Ameriprise Financial Services, Inc. |
5. | Apex Clearing Corporation |
6. | Arlington Trust Company Inc. |
7. | AXA Advisors, LLC |
8. | BB&T Securities, LLC |
9. | Bellator Asset Management LLC (fka Drexel Hamilton Asset Management LLC) |
10. | BofA Securities (fka Merrill Lynch, Pierce, Fenner, & Smith) |
11. | Broadridge Business Process Outsourcing LLC |
12. | Cadaret Grant & Co Inc. |
13. | Cambridge Investment Research |
14. | Cetera Advisor Networks LLC |
15. | Cetera Advisors LLC |
16. | Cetera Financial Specialists LLC |
17. | Cetera Investment Services LLC |
18. | Charles Schwab & Co Inc. |
19. | Citco Securities Inc. |
20. | Citigroup Global Markets, Inc. |
21. | Comerica Securities, Inc. |
22. | Commonfund Securities, Inc. |
23. | Commonwealth Equity Services, Inc. (dba Commonwealth Financial Network) |
24. | Credit Suisse Securities (USA) LLC |
25. | DA Davidson & Co |
26. | Deutsche Bank Securities Inc. |
27. | Edward D Jones & Co LP |
28. | Envestnet Asset Management, Inc. |
29. | E*Trade Securities LLC |
30. | Fidelity Brokerage Services/National Financial Services LLC/FMR LLC |
31. | Fifth Third Securities, Inc. |
32. | First Allied Securities, Inc. |
33. | First Command Financial Planning |
34. | Fi-Tek LLC |
35. | FSC Securities Corp.\Royal Alliance Associates\SagePoint Financial, Inc.\Woodbury Financial Services, Inc. |
36. | GWFS Equities, Inc. |
37. | HazelTree Fund Services, Inc. |
38. | Hilltop Securities Inc. |
39. | Huntington Investment Company |
40. | Ingalls & Snyder, LLC |
41. | Institutional Bond Network, LLC |
42. | Institutional Cash Distributors, LLC |
43. | Investacorp, Inc.\Securities America Inc.\Triad Advisors Inc. |
44. | J.P. Morgan Clearing Corp |
45. | J.P. Morgan Securities LLC |
46. | Janney Montgomery Scott LLC |
47. | Ladenburg Thalmann Advisor Network LLC |
48. | Lincoln Financial Advisors Corp |
49. | Lincoln Financial Distributors, Inc. |
50. | Lincoln Financial Securities Corporation |
51. | Lincoln Investment Planning, LLC |
52. | Lord Securities Corporation d/b/a TMF Group New York, LLC |
53. | LPL Financial LLC |
54. | M&T Securities, Inc. |
55. | Merrill Lynch, Pierce, Fenner & Smith Inc. |
56. | Mischler Financial Group, Inc. |
57. | MML Investor Services, LLC |
58. | Moreton Capital Markets, LLC |
59. | Morgan Stanley Smith Barney LLC |
60. | New York Life Investments |
61. | NFP Advisor Services, LLC |
62. | Northwestern Mutual Investment Services LLC |
63. | Oppenheimer & Co., Inc. |
64. | Pershing LLC |
65. | PFS Investments, Inc. |
66. | PNC Capital Markets LLC |
67. | PNC Investments LLC |
68. | Raymond James & Associates, Inc.\Raymond James Financial Services, Inc. |
69. | RBC Capital Markets, LLC |
70. | Robert W. Baird & Co. Incorporated |
71. | Santander Securities Corporation |
72. | Silicon Valley Bank |
73. | State Street Global Markets, LLC |
74. | Stifel Nicholaus & Co Inc. |
75. | Summit Brokerage Services, Inc. |
76. | SVB Asset Management/U.S. Bank, N.A. |
77. | TD Ameritrade |
78. | Texas Capital Bank, NA |
79. | TMI Trust Company |
80. | Transamerica Capital Inc. |
81. | U.S. Bancorp Investments Inc. |
82. | UBS Financial Services |
83. | Voya Financial Advisors, Inc. |
84. | Wedbush Securities, Inc. |
85. | Wells Fargo Clearing Services, LLC |
86. | Wells Fargo Advisors Financial Network, LLC |
87. | Wells Fargo Securities LLC |
• | The Adviser considers votes on director nominees on a case-by-case basis. Votes generally will be withheld from directors who: (a) attend less than 75% of board and committee meetings without a valid excuse; (b) adopt or renew a poison pill without shareholder approval; (c) are affiliated directors who serve on audit, compensation or nominating committees or are affiliated directors and the full board serves on such committees or the company does not have such committees; (d) ignore a shareholder proposal that is approved by a majority of either the shares outstanding or the votes cast based on a review over a consecutive two year time frame; (e) are insiders and affiliated outsiders on boards that are not at least majority independent; or (f) are CEOs of publicly-traded companies who serve on more than three public boards or serve on more than four public company boards. In addition, votes are generally withheld for directors who serve on committees in certain cases. For example, the Adviser generally withholds votes from audit committee members in circumstances in which there is evidence that there exists material weaknesses in the company’s internal controls. Votes generally are also withheld from directors when there is a demonstrated history of poor performance or inadequate risk oversight or when the board adopts changes to the company’s governing documents without shareholder approval if the changes materially diminish shareholder rights. Votes generally will be withheld from Board chair, lead independent directors, or government committee chairs of publicly traded companies where employees have departed for significant violation of code of conduct without claw back of compensation. |
• | The Adviser votes proposals to classify boards on a case-by-case basis, but normally will vote in favor of such proposal if the issuer’s governing documents contain each of eight enumerated safeguards (for example, a majority of the board is composed of independent directors and the nominating committee is composed solely of such directors). |
• | The Adviser also considers management poison pill proposals on a case-by-case basis, looking for shareholder-friendly provisions before voting in favor. |
• | The Adviser votes against proposals for a super-majority vote to approve a merger. |
• | The Adviser considers proposals to increase common and/or preferred shares and to issue shares as part of a debt restructuring plan on a case-by-case basis, taking into account such factors as the extent of dilution and whether the transaction will result in a change in control. |
• | The Adviser considers vote proposals with respect to compensation plans on a case-by-case basis. The analysis of compensation plans focuses primarily on the transfer of shareholder wealth (the dollar cost of pay plans to shareholders) and includes an analysis of the structure of the plan and pay practices of other companies in the relevant industry and peer companies. Other matters included in the analysis are the amount of the company’s outstanding stock to be reserved for the award of stock options, whether the exercise price of an option is less than the stock’s fair market value at the date of the grant of the options, and whether the plan provides for the exchange of outstanding options for new ones at lower exercise prices. |
• | The Adviser also considers on a case-by-case basis proposals to change an issuer’s state of incorporation, mergers and acquisitions and other corporate restructuring proposals and certain social issue proposals. |
• | The Adviser generally votes for management proposals which seek shareholder approval to make the state of incorporation the exclusive forum for disputes if the company is a Delaware corporation; otherwise, the Adviser votes on a case by case basis. |
• | The Adviser supports board refreshment, independence, and a diverse skill set for directors. As a matter of principle, the Adviser expects its investee companies to be committed to diversity and inclusiveness in their general recruitment policies as we believe such diversity contributes to the effectiveness of boards. The Adviser will utilize its voting power to bring about change where Boards are lagging in gender and racial/ethnic diversity. The Adviser will generally vote against the chair of the Nominating Committee when the issuer does not disclose the gender or racial and ethnic composition of the Board, with adequate diversity data considered as adequate in instances where individual directors do not wish to disclose personal identification. The Adviser will also generally vote against the chair of the Nominating Committee when the issuer lacks any gender diversity or any racial/ethnic diversity unless there are mitigating factors such as recent retirement of relevant directors, a relatively new public company, and an ongoing search for a director. |
• | The Adviser reviews Say on Pay proposals on a case by case basis with additional review of proposals where the issuer’s previous year’s proposal received a low level of support. |
• | The Adviser generally encourages a level of reporting on environmental matters that is not unduly costly or burdensome and which does not place the company at a competitive disadvantage, but which provides meaningful information to enable shareholders to evaluate the impact of the company’s environmental policies and practices on its financial performance. In general, the Adviser supports management disclosure practices that are overall consistent with the goals and objective expressed above. Proposals with respect to companies that have been involved in controversies, fines or litigation are expected to be subject to heightened review and consideration. |
• | In evaluating how to vote environmental proposals, key considerations may include, but are not limited to, issuer considerations such as asset profile of the company, including whether it is exposed to potentially declining demand for the company’s products or services due to environmental considerations; cash deployments; cost structure of the company, including its position on the cost curve, expected impact of future carbon tax and exposure to high fixed operating costs; corporate behavior of the company; demonstrated capabilities of the company, its strategic planning process, and past performance; current level of disclosure of the company and consistency of disclosure across its industry; and whether the company incorporates environmental or social issues in a risk assessment or risk reporting framework. The Adviser may also consider whether peers have received similar proposals and if so, were the responses transparent and insightful; would adoption of the proposal inform and educate shareholders; and have companies that adopted the proposal provided insightful and meaningful information that would allow shareholders to evaluate the long-term risks and performance of the company; does the proposal require disclosure that is already addressed by existing and proposed mandated regulatory requirements or formal guidance at the local, state, or national level or the company’s existing disclosure practices; and does the proposal create the potential for unintended consequences such as a competitive disadvantage. |
• | The Adviser votes against the chair of the committee responsible for providing oversight of environmental matters and/or risk where the Adviser believes the company is lagging peers in terms of disclosure, business practices or targets. The Adviser also votes against committee members, lead independent director and/or board chair for companies that have lagged over several years. |
• | With regard to social issues, among other factors, the Adviser considers the company’s labor practices, supply chain, how the company supports and monitors those issues, what types of disclosure the company and its peers currently provide, and whether the proposal would result in a competitive disadvantage for the company. |
• | The Adviser expects Boards to provide oversight of human capital management which includes the company management of its workforce, use of full time versus part time employees, workforce cost, employee engagement and turnover, talent development, retention and training, compliance record and health and safety. As an engaged and diverse employee base is integral to a company’s ability to innovate, respond to a diverse customer base and engage with diverse communities and deliver shareholder returns, the Adviser will generally support shareholder resolutions seeking the company to disclose data on workforce demographics including diversity, and release of EEO-1 or comparable data where such disclosure is deemed by the Adviser as inadequate. |
• | In voting shares of securities under the Sustainable Proxy Guidelines, the Adviser considers good corporate governance, the ethical behavior of corporations and the social and environmental impact of such companies’ actions consistent with the applicable Fund’s objectives and strategies. The Adviser believes that disclosure and benchmarking of performance versus peers can enable an issuer to generate better long-term performance. The Adviser generally encourages reporting that is |
material, informative and does not place the company at a competitive disadvantage. Disclosure should provide meaningful information that enables shareholders to evaluate the impact of the company’s environmental, social and governance (ESG) policies and practices. | |
• | In evaluating how to vote to social proposals, the Adviser considers among other items: (1) the company’s business activities, workplace and product safety, labor practices, diversity and equality, and supply chain, (2) how the company supports and monitors these issues, and (3) what types of disclosure the company provides. |
• | In evaluating how to vote environmental proposals, the Adviser considers among other items: (1) the company’s business activities, energy efficiency, impact on climate change, water use, toxic emissions, and operations in environmentally sensitive areas, (2) how the company supports and monitors these issues, and (3) what types of disclosure the company provides. |
• | In general, the Adviser supports management disclosure practices that are consistent with the goals and objectives of the applicable Fund. Proposals with respect to companies that have been involved in controversies, fines or litigation are expected to be subject to heightened review and consideration. For companies that have demonstrated leadership in disclosure, the Adviser may yet elect to support a shareholder proposal if the Adviser believes that improvement in disclosures will help sustain the leadership, unless there are material adverse consequences to such disclosure. |
• | The Sustainable Proxy Guidelines provide a framework for voting on social and environmental proposals. The Adviser notes that there may be cases in which the final vote varies from the guidelines due to the fact the Adviser reviews the merits of each proposal individually and considers relevant information in arriving at decisions. The Adviser considers among other items company-specific circumstances, whether or not the company has substantially achieved the stated objective, whether the proposal would be unduly burdensome, whether the proposal itself is well-framed and reasonable, as well as the most up-to-date research and information that is readily accessible to the Adviser as it pertains to the proposal. |
• | Generally, the Adviser votes for proposals linking executive compensation to material environmental and social factors. |
• | Generally, the Adviser votes for proposals requiring reporting on environmental impacts and preparation of reports in accordance with certain external reporting standards. |
• | Generally, the Adviser votes for proposals requiring the company to take specific actions to mitigate climate change, including reducing greenhouse gas emissions and developing and using renewable energy sources. |
• | Generally, the Adviser votes for proposals requiring disclosure on the company’s land use, including its supply chain, deforestation and degradation. |
• | Generally, the Adviser votes for proposals requiring disclosure of political expenditures and lobbying. |
• | Corporate governance procedures differ among the countries. Because of time constraints and local customs, it is not always possible for the Adviser to receive and review all proxy materials in connection with each item submitted for a vote. Many proxy statements are in foreign languages. Proxy materials are generally mailed by the issuer to the sub-custodian which holds the securities for the client in the country where the portfolio company is organized, and there may not be sufficient time for such materials to be transmitted to the Adviser in time for a vote to be cast. In some countries, proxy statements are not mailed at all, and in some locations, the deadline for voting is two to four days after the initial announcement that a vote is to be solicited and it may not always be possible to obtain sufficient information to make an informed decision in good time to vote. |
• | Certain markets require that shares being tendered for voting purposes are temporarily immobilized from trading until after the shareholder meeting has taken place. Elsewhere, notably emerging markets, it may not always be possible to obtain sufficient information to make an informed decision in good time to vote. Some markets require a local representative to be hired in order to attend the meeting and vote in person on our behalf, which can result in considerable cost. |
The Adviser also considers the cost of voting in light of the expected benefit of the vote. In certain instances, it may sometimes be in the Fund’s best interests to intentionally refrain from voting in certain overseas markets from time to time. | |
• | The Non-U.S. Guidelines reflect the applicable region’s corporate governance or stewardship codes with respect to corporate governance and proxy voting. For example, the EMEA Guidelines for UK companies are based on the revised UK Corporate Governance Code. If a portfolio company chooses to deviate from the provisions of the UK Corporate Governance Code, the Adviser takes the company’s explanation into account as appropriate, based on the Adviser’s overall assessment of the standards of corporate governance evidenced at the company. For Continental European markets, the Adviser expects companies to comply with local Corporate Governance Codes, where they exist. In markets where a comparable standard does not exist, we use the EMEA Guidelines as the primary basis for voting, while taking local market practice into consideration where applicable. The Japan Guidelines reflect the 2020 revisions to the Japanese Stewardship Code. Likewise, the Asia (Ex-Japan) Guidelines endorse the stewardship principles promoted by different regulators and industry bodies in the region including the Singapore Stewardship Principles for Responsible Investors supported by Monetary Authority of Singapore and Singapore Exchange, the Principles for Responsible Ownership issued by the Securities and Futures Commission in Hong Kong, and the Principles of Internal Governance and Asset Stewardship issued by the Financial Services Council of Australia. |
• | Where proxy issues concern corporate governance, takeover defense measures, compensation plans, capital structure changes and so forth, the Adviser pays particular attention to management’s arguments for promoting the prospective change. |
• | The Non-U.S. Guidelines encourage transparency and disclosure with respect to remuneration reporting as well as processes and policies designed to align compensation with the long-term performance of portfolio companies. |
• | In particular, the EMEA Guidelines indicate that the remuneration policy as it relates to senior management should ideally be presented to shareholders for approval with such votes normally occurring every third year. In addition, the EMEA Guidelines describe information that the Adviser expects to be included in remuneration reports including disclosure on amounts paid to executives, alignment between company performance and pay out to executives, disclosure of, among other things, variable incentive targets, levels of achievement and performance awards, information on the ratio of CEO pay to median employee pay. |
• | With respect to the Japan Guidelines, the voting decision will be made taking into account matters such as recent trends in the company’s earnings and performance, with the expectation that companies will have a remuneration system comprised of a reasonable mix of fixed and variable (based on short term and medium to long term incentives) compensation. Such Guidelines also support the introduction of clawback clauses in order to prevent excessive risk taking which can negatively impact shareholder value and excessive pay. |
• | Where shareholders are able to exercise a binding vote on remuneration policies, the Asia (Ex-Japan) Guidelines reflect the Adviser’s belief that such polices should stand the test of time. The Asia (Ex-Japan) Guidelines further encourage companies to provide information on the ratio of CEO pay to median employee pay and to explain the reasons for changes to the ratio as it unfolds year by year. The Asia (Ex-Japan) Guidelines also highlight information that companies should have with regard to gender pay gaps and indicate how this issue is being addressed. |
• | The Adviser is in favor of a unitary board structure of the type found in the United Kingdom as opposed to tiered board structures. Thus, under the EMEA Guidelines, the Adviser will generally vote to encourage the gradual phasing out of tiered board structures, in favor of unitary boards. However, since tiered boards are still very prevalent in markets outside of the United Kingdom, the Non-U.S. Guidelines do not mandate a unitary board structure and local market practice will always be taken into account. |
• | The Adviser will use its voting powers to encourage appropriate levels of board independence and diversity, taking into account local market practice. |
• | The Adviser will usually vote against discharging the board from responsibility in cases of pending litigation, or if there is evidence of wrongdoing for which the board must be held accountable. |
• | The Adviser will vote in favor of increases in capital which enhance a company’s long-term prospects. The Adviser will also vote in favor of the partial suspension of preemptive rights if they are for purely technical reasons (e.g., rights offers which may not be legally offered to shareholders in certain jurisdictions). However, the Adviser will vote against increases in capital which would allow the company to adopt “poison pill” takeover defense tactics, or where the increase in authorized capital would dilute shareholder value in the long term. |
• | The Adviser will vote in favor of proposals which will enhance a company’s long-term prospects. The Adviser will vote against an increase in bank borrowing powers which would result in the company reaching an unacceptable level of financial leverage, where such borrowing is expressly intended as part of a takeover defense, or where there is a material reduction in shareholder value. |
• | The Adviser will generally vote against anti-takeover devices. |
• | The Adviser considers social or environmental issues on a case-by-case basis under the Non-U.S. Guidelines, keeping in mind at all times the best economic interests of its clients. |
• | Where social or environmental issues are the subject of a proxy vote, the EMEA Guidelines provide that the Adviser keeps in mind the best long-term interests of its clients in determining how to vote the proxy. Under the EMEA Guidelines, the Adviser generally supports constructive resolutions, intended to bring about positive improvement at portfolio companies, or to enhance corporate social responsibility. The EMEA Guidelines support reporting that is material, informative and does not place the company at a competitive disadvantage. |
• | The Japan Guidelines indicate that, when deciding how to vote a proposal relating to social or environmental issues, the Adviser evaluates the proposal based on the Adviser’s judgement of what serves to enhance corporate value over the medium to long term, keeping in mind the best economic interests of the Adviser’s clients. In general, the Adviser will vote for constructive proposals which serve to improve social and environmental initiatives at investee companies or which seek meaningful disclosures on key issues which are relevant in terms of corporate value and are not unduly disadvantageous. |
• | Under the Asia (Ex-Japan) Guidelines, the Adviser generally supports proposals that encourage reporting that is material, informative and does not place the company at a competitive disadvantage. The Asia (Ex-Japan) Guidelines indicate that disclosure should provide meaningful information that enables shareholders to evaluate the impact of the company’s ESG policies and practices. |
• | Routine corporate matters including: |
• | Selection of directors |
• | Appointment of auditors |
• | An increase in authorized shares where needed for clearly defined business purposes |
• | Follow management recommendations on “social” issues |
• | Indemnification of directors and/or officers where such indemnification includes “negligence and gross negligence” in the performance of their fiduciary duties |
• | Super-majority voting requirements |
• | Anti-takeover proposals which restrict shareholder authority |
• | An increase in authorized shares of more than 25% without a stated business purpose |
• | Changes in corporate charter that do not have a clearly stated business purpose |
• | Provisions for multi-tiered voting rights |
• | Authorizations of “blank check” preferred stock or other capital stock without a stated business purpose |
• | “Shareholder rights” provisions which tend to diminish rather than enhance shareholder power |
• | “Anti-greenmail” provisions which also restrict shareholder authority |
• | Staggered boards of directors |
• | Corporate combinations and divestments |
• | Shareholder proposals |
• | Profit sharing and stock options plans |
• | Send a list of the securities held in client accounts to ISS. |
• | Download proxy statements. |
1. | Terminated Account: Once a client account has been terminated with us in accordance with its investment advisory agreement, we will not vote any proxies received after the termination. |
2. | Limited Value: If we determine that the value of a client’s economic interest or the value of the portfolio holding is indeterminable or insignificant, we may abstain from voting a proxy or alternatively, vote proxies in accordance with ISS recommendations with minimal review of the proxies. We also will not vote proxies received for securities no longer held by the client’s account. |
3. | Unmanaged Assets. If a client account contains securities that we do not actively manage, but that are maintained in the account at the client’s request (designated as “Unmanaged Assets”), we will abstain from voting on such securities unless the client directs us in writing to take action with respect to a particular matter. |
4. | Securities Lending Programs: When securities are out on loan, they are transferred into the borrower’s name and are voted by the borrower, in its discretion. However, where we determine that a proxy vote (or other shareholder action) is materially important to the client’s account, we may recall the security for purposes of voting. |
i. | Copies of proxy policies and procedures. |
ii. | A copy of each proxy statement that Fuller & Thaler receives regarding client securities. Alternatively, Fuller & Thaler may rely on ISS to make and retain a copy of a proxy statement on Fuller & Thaler’s behalf (provided that Fuller & Thaler has obtained an undertaking from ISS to provide a copy of the proxy statement promptly upon request) or may rely on obtaining a copy of a proxy statement from the Commission's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. |
iii. | A record of each vote cast by Fuller & Thaler on behalf of a client. Alternatively, Fuller& Thaler may rely on a third party to make and retain a record of the vote cast on Fuller & Thaler's behalf (provided that Fuller & Thaler has obtained an undertaking from ISS to provide a copy of the record promptly upon request). |
iv. | A copy of any document created by Fuller & Thaler that was material to making a decision on how to vote proxies on behalf of a client or that memorializes the basis for that decision. |
v. | A copy of each written client request for information on how Fuller & Thaler voted proxies on behalf of the client, and a copy of any written response by Fuller & Thaler to any (written or oral) client request for information on how Fuller & Thaler voted proxies on behalf of the requesting client. |
• | adhering to this policy which includes voting proxies consistently with these guidelines; |
• | notifying the Chief Compliance Officer of any conflicts of interest; |
• | providing the Portfolio Administrator with a copy of any document that was material to making a voting decision or that memorializes the basis for a decision, if any was created; |
• | recommending any policy or procedure changes to the Director of Trading Operations and Chief Compliance Officer. |
(a) | trading on the Exchange is broadly restricted by the applicable rules and regulations of the SEC; |
(b) | the Exchange is closed for other than customary weekend and holiday closing; |
(c) | the SEC has by order permitted such suspension; or |
(d) | the SEC has declared a market emergency. |
• | Beginning November 14, 2017, Class C Share positions will convert to Class A Shares after 10 years, calculated from the first day of the month of purchase and processed on the tenth business day of the anniversary month. |
• | If the Class C Shares are held in an account with a third party broker of record are transferred to an account with the Distributor after April 21, 2017, those Class C Shares will be converted to Class A Shares on the tenth business day of the month following the transfer. |
• | Class C Shares of the Funds (excluding the Money Market Funds) automatically convert to Class A Shares (and thus are then subject to the lower expenses borne by Class A Shares) after the period of time specified in the applicable Prospectuses has elapsed since the date of purchase (the “CDSC Period”), together with the pro-rata portion of all Class C Shares representing dividends and other distributions paid in additional Class C Shares attributable to the Class C Shares then converting. The conversion of Class C Shares will be effected at the relative net asset value per share of the two classes on the tenth business day of the month following the tenth anniversary of the original purchase or such other applicable yearly anniversary. At the time of the conversion, the net asset value per share of the Class A Shares may be higher or lower than the net asset value per share of the Class C Shares; as a result, depending on the relative net asset value per share, a shareholder may receive fewer or more Class A Shares than the number of Class C Shares converted. |
• | Class C Shares of the Money Market Funds automatically convert to Morgan Shares (and thus are then subject to the lower expenses borne by Morgan Shares) after the CDSC Period, together with the pro-rata portion of all Class C Shares representing dividends and other distributions paid in additional Class C Shares attributable to the Class C Shares then converting. The conversion of Class C Shares will be effected at the relative net asset value per share of the two classes on the tenth business day of the month following the tenth anniversary of the original purchase or such other applicable yearly anniversary. At the time of the conversion, the net asset value per share of the Morgan Shares may be higher or lower than the net asset value per share of the Class C Shares; as a result, depending on the relative net asset value per share, a shareholder may receive fewer or more Morgan Shares than the number of Class C Shares converted. |
A-1 | A short-term obligation rated ‘A-1’ is rated in the highest category by S&P Global Ratings. The obligor’s capacity to meet its financial commitments on the obligation is strong. Within this category, certain obligations are designated with a plus sign (+). This indicates that the obligor’s capacity to meet its financial commitments on these obligations is extremely strong. |
A-2 | A short-term obligation rated ‘A-2’ is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher rating categories. However, the obligor’s capacity to meet its financial commitments on the obligation is satisfactory. |
A-3 | A short-term obligation rated ‘A-3’ exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to weaken an obligor’s capacity to meet its financial commitments on the obligation. |
B | A short-term obligation rated ‘B' is regarded as vulnerable and has significant speculative characteristics. The obligor currently has the capacity to meet its financial commitments; however, it faces major ongoing uncertainties that could lead to the obligor's inadequate capacity to meet its financial commitments. |
C | A short-term obligation rated ‘C’ is currently vulnerable to nonpayment and is dependent upon favorable business, financial, and economic conditions for the obligor to meet its financial commitments on the obligation. |
D | A short-term obligation rated ‘D’ is in default or in breach of an imputed promise. For non-hybrid capital instruments, the ‘D’ rating category is used when payments on an obligation are not made on the date due, unless S&P Global Ratings believes that such payments will be made within any stated grace period. However, any stated grace period longer than five business days will be treated as five business days. The ‘D’ rating also will be used upon the filing of a bankruptcy petition or the taking of a similar action and where default on an obligation is a virtual certainty, for example due to automatic stay provisions. A rating on an obligation is lowered to ‘D’ if it is subject to a distressed debt restructuring. |
• | Preliminary ratings may be assigned to obligations, most commonly structured and project finance issues, pending receipt of final documentation and legal opinions. |
• | Preliminary ratings may be assigned to obligations that will likely be issued upon the obligor’s emergence from bankruptcy or similar reorganization, based on late-stage reorganization plans, documentation and discussions with the obligor. Preliminary ratings may also be assigned to the obligors. These ratings consider the anticipated general credit quality of the reorganized or post-bankruptcy issuer as well as attributes of the anticipated obligation(s). |
• | Preliminary ratings may be assigned to entities that are being formed or that are in the process of being independently established when, in S&P Global Ratings’ opinion, documentation is close to final. Preliminary ratings may also be assigned to the obligations of these entities. |
• | Preliminary ratings may be assigned when a previously unrated entity is undergoing a well-formulated restructuring, recapitalization, significant financing or other transformative event, generally at the point that investor or lender commitments are invited. The preliminary rating may be assigned to the entity and to its proposed obligation(s). These preliminary ratings consider the anticipated general credit quality of the obligor, as well as attributes of the anticipated obligation(s), assuming successful completion of the transformative event. Should the transformative event not occur, S&P Global Ratings would likely withdraw these preliminary ratings. |
• | A preliminary recovery rating may be assigned to an obligation that has a preliminary issue credit rating. |
F1 | HIGHEST SHORT-TERM CREDIT QUALITY. Indicates the strongest intrinsic capacity for timely payment of financial commitments; may have an added “+” to denote any exceptionally strong credit feature. |
F2 | GOOD SHORT-TERM CREDIT QUALITY. Good intrinsic capacity for timely payment of financial commitments. |
F3 | FAIR SHORT-TERM CREDIT QUALITY. The intrinsic capacity for timely payment of financial commitments is adequate. |
B | SPECULATIVE SHORT-TERM CREDIT QUALITY. Minimal capacity for timely payment of financial commitments, plus heightened vulnerability to near term adverse changes in financial and economic conditions. |
C | HIGH SHORT-TERM DEFAULT RISK. Default is a real possibility. |
RD | RESTRICTED DEFAULT. Indicates an entity that has defaulted on one or more of its financial commitments, although it continues to meet other financial obligations. Typically applicable to entity ratings only. |
D | DEFAULT. Indicates a broad-based default event for an entity, or the default of a short-term obligation. |
• | The ratings do not predict a specific percentage of default likelihood or failure likelihood over any given time period. |
• | The ratings do not opine on the market value of any issuer’s securities or stock, or the likelihood that this value may change. |
• | The ratings do not opine on the liquidity of the issuer’s securities or stock. |
• | The ratings do not opine on the possible loss severity on an obligation should an issuer (or an obligation with respect to structured finance transactions) default, except in the following two cases: |
• | Ratings assigned to individual obligations of issuers in corporate finance, banks, non-bank financial institutions, insurance and covered bonds. |
• | In limited circumstances for U.S. public finance obligations where Chapter 9 of the Bankruptcy Code provides reliably superior prospects for ultimate recovery to local government obligations that benefit from a statutory lien on revenues or during the pendency of a bankruptcy proceeding under the Code if there is sufficient visibility on potential recovery prospects. |
• | The ratings do not opine on the suitability of an issuer as a counterparty to trade credit. |
P-1 | Ratings of Prime-1 reflect a superior ability to repay short-term debt obligations. |
P-2 | Ratings of Prime-2 reflect a strong ability to repay short-term debt obligations. |
P-3 | Ratings of Prime-3 reflect an acceptable ability to repay short-term obligations. |
NP | Issuers (or supporting institutions) rated Not Prime do not fall within any of the Prime rating categories. |
R-1 (high) | Highest credit quality. The capacity for the payment of short-term financial obligations as they fall due is exceptionally high. Unlikely to be adversely affected by future events. |
R-1 (middle) | Superior credit quality. The capacity for the payment of short-term financial obligations as they fall due is very high. Differs from R-1 (high) by a relatively modest degree. Unlikely to be significantly vulnerable to future events. |
R-1 (low) | Good credit quality. The capacity for the payment of short-term financial obligations as they fall due is substantial. Overall strength is not as favorable as higher rating categories. May be vulnerable to future events, but qualifying negative factors are considered manageable. |
R-2 (high) | Upper end of adequate credit quality. The capacity for the payment of short-term financial obligations as they fall due is acceptable. May be vulnerable to future events. |
R-2 (middle) | Adequate credit quality. The capacity for the payment of short-term financial obligations as they fall due is acceptable. May be vulnerable to future events or may be exposed to other factors that could reduce credit quality. |
R-2 (low) | Lower end of adequate credit quality. The capacity for the payment of short-term financial obligations as they fall due is acceptable. May be vulnerable to future events. A number of challenges are present that could affect the issuer’s ability to meet such obligations. |
R-3 | Lowest end of adequate credit quality. There is a capacity for the payment of short-term financial obligations as they fall due. May be vulnerable to future events and the certainty of meeting such obligations could be impacted by a variety of developments. |
R-4 | Speculative credit quality. The capacity for the payment of short-term financial obligations as they fall due is uncertain. |
R-5 | Highly speculative credit quality. There is a high level of uncertainty as to the capacity to meet short-term financial obligations as they fall due. |
D | When the issuer has filed under any applicable bankruptcy, insolvency or winding up statute or there is a failure to satisfy an obligation after the exhaustion of grace periods, a downgrade to D may occur. DBRS Morningstar may also use SD (Selective Default) in cases where only some securities are impacted, such as the case of a “distressed exchange.” |
• | The likelihood of payment — the capacity and willingness of the obligor to meet its financial commitments on an obligation in accordance with the terms of the obligation; |
• | The nature and provisions of the financial obligation, and the promise we impute; and |
• | The protection afforded by, and relative position of, the financial obligation in the event of a bankruptcy, reorganization, or other arrangement under the laws of bankruptcy and other laws affecting creditors’ rights. |
AAA | An obligation rated ‘AAA’ has the highest rating assigned by S&P Global Ratings. The obligor’s capacity to meet its financial commitments on the obligation is extremely strong. |
AA | An obligation rated ‘AA’ differs from the highest-rated obligations only to a small degree. The obligor’s capacity to meet its financial commitments on the obligation is very strong. |
A | An obligation rated ‘A’ is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher-rated categories. However, the obligor’s capacity to meet its financial commitments on the obligation is still strong. |
BBB | An obligation rated ‘BBB’ exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to weaken the obligor’s capacity to meet its financial commitments on the obligation. |
BB,B,CCC,CC and C | Obligations rated ‘BB’, ‘B’, ‘CCC’, ‘CC’, and ‘C’ are regarded as having significant speculative characteristics. ‘BB’ indicates the least degree of speculation and ‘C’ the highest. While such obligations will likely have some quality and protective characteristics, these may be outweighed by large uncertainties or major exposure to adverse conditions. |
BB | An obligation rated ‘BB’ is less vulnerable to nonpayment than other speculative issues. However, it faces major ongoing uncertainties or exposure to adverse business, financial, or economic conditions that could lead to the obligor’s inadequate capacity to meet its financial commitments on the obligation. |
B | An obligation rated ‘B’ is more vulnerable to nonpayment than obligations rated ‘BB’, but the obligor currently has the capacity to meet its financial commitments on the obligation. Adverse business, financial, or economic conditions will likely impair the obligor’s capacity or willingness to meet its financial commitments on the obligation. |
CCC | An obligation rated ‘CCC’ is currently vulnerable to nonpayment, and is dependent upon favorable business, financial, and economic conditions for the obligor to meet its financial commitments on the obligation. In the event of adverse business, financial, or economic conditions, the obligor is not likely to have the capacity to meet its financial commitments on the obligation. |
CC | An obligation rated ‘CC’ is currently highly vulnerable to nonpayment. The ‘CC’ rating is used when a default has not yet occurred but S&P Global Ratings expects default to be a virtual certainty, regardless of the anticipated time to default. |
C | An obligation rated ‘C; is currently highly vulnerable to nonpayment, and the obligation is expected to have lower relative seniority or lower ultimate recovery compared with obligations that are rated higher. |
D | An obligation rated ‘D’ is in default or in breach of an imputed promise. For non-hybrid capital instruments, the ‘D’ rating category is used when payments on an obligation are not made on the date due, unless S&P Global Ratings believes that such payments will be made within five business days in the absence of a stated grace period or within the earlier of the stated grace period or 30 calendar days. The ‘D’ rating also will be used upon the filing of a bankruptcy petition or the taking of similar action and where default on an obligation is a virtual certainty, for example due to automatic stay provisions. A rating on an obligation is lowered to ‘D’ if it is subject to a distressed debt restructuring. |
AAA | HIGHEST CREDIT QUALITY. ‘AAA’ ratings denote the lowest expectation of default risk. They are assigned only in cases of exceptionally strong capacity for payment of financial commitments. This capacity is highly unlikely to be adversely affected by foreseeable events. |
AA | VERY HIGH CREDIT QUALITY. ‘AA’ ratings denote expectations of very low default risk. They indicate very strong capacity for payment of financial commitments. This capacity is not significantly vulnerable to foreseeable events. |
A | HIGH CREDIT QUALITY. ‘A’ ratings denote expectations of low default risk. The capacity for payment of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to adverse business or economic conditions than is the case for higher ratings. |
BBB | GOOD CREDIT QUALITY. ‘BBB’ ratings indicate that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate, but adverse business or economic conditions are more likely to impair this capacity. |
BB | SPECULATIVE. ‘BB’ ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse changes in business or economic conditions over time; however, business or financial flexibility exists that supports the servicing of financial commitments. |
B | HIGHLY SPECULATIVE. ‘B’ ratings indicate that material default risk is present, but a limited margin of safety remains. Financial commitments are currently being met; however, capacity for continued payment is vulnerable to deterioration in the business and economic environment. |
CCC | SUBSTANTIAL CREDIT RISK. Default is a real possibility. |
CC | VERY HIGH LEVELS OF CREDIT RISK. Default of some kind appears probable. |
C | NEAR DEFAULT. A default or default-like process has begun, or the issuer is in standstill, or for a closed funding vehicle, payment capacity is irrevocably impaired. Conditions that are indicative of a ‘C’ category rating for an issuer include: |
•
the issuer has entered
into a grace or cure period following non-payment of a material financial
obligation; • the issuer has entered into a temporary negotiated waiver or standstill agreement following a payment default on a material financial obligation; • the formal announcement by the issuer or their agent of a distressed debt exchange; • a closed financing vehicle where payment capacity is irrevocably impaired such that it is not expected to pay interest and/or principal in full during the life of the transaction, but where no payment default is imminent. | |
RD | RESTRICTED DEFAULT. ‘RD’ ratings indicate an issuer that in Fitch’s opinion has experienced: |
•
an uncured payment
default or distressed debt exchange on a bond, loan or other material
financial obligation, but • has not entered into bankruptcy filings, administration, receivership, liquidation or other formal winding-up procedure, and • has not otherwise ceased operating. This would include: • the selective payment default on a specific class or currency of debt; • the uncured expiry of any applicable grace period, cure period or default forbearance period following a payment default on a bank loan, capital markets security or other material financial obligation; • the extension of multiple waivers or forbearance periods upon a payment default on one or more material financial obligations, either in series or in parallel; ordinary execution of a distressed debt exchange on one or more material financial obligations. | |
D | DEFAULT. ‘D’ ratings indicate an issuer that in Fitch Ratings’ opinion has entered into bankruptcy filings, administration, receivership, liquidation or other formal winding-up procedure or that has otherwise ceased business. |
Aaa | Obligations rated Aaa are judged to be of the highest quality, subject to the lowest level of credit risk. |
Aa | Obligations rated Aa are judged to be of high quality and are subject to very low credit risk. |
A | Obligations rated A are judged to be upper-medium grade and are subject to low credit risk. |
Baa | Obligations rated Baa are judged to be medium-grade and subject to moderate credit risk and as such may possess certain speculative characteristics. |
Ba | Obligations rated Ba are judged to be speculative and are subject to substantial credit risk. |
B | Obligations rated B are considered speculative and are subject to high credit risk. |
Caa | Obligations rated Caa are judged to be speculative of poor standing and are subject to very high credit risk. |
Ca | Obligations rated Ca are highly speculative and are likely in, or very near, default, with some prospect of recovery of principal and interest. |
C | Obligations rated C are the lowest rated and are typically in default, with little prospect for recovery of principal or interest. |
AAA | Highest credit quality. The capacity for the payment of financial obligations is exceptionally high and unlikely to be adversely affected by future events. |
AA | Superior credit quality. The capacity for the payment of financial obligations is considered high. Credit quality differs from AAA only to a small degree. Unlikely to be significantly vulnerable to future events. |
A | Good credit quality. The capacity for the payment of financial obligations is substantial, but of lesser credit quality than AA. May be vulnerable to future events, but qualifying negative factors are considered manageable. |
BBB | Adequate credit quality. The capacity for the payment of financial obligations is considered acceptable. May be vulnerable to future events. |
BB | Speculative, non-investment grade credit quality. The capacity for the payment of financial obligations is uncertain. Vulnerable to future events. |
B | Highly speculative credit quality. There is a high level of uncertainty as to the capacity to meet financial obligations. |
CCC/CC/C | Very highly speculative credit quality. In danger of defaulting on financial obligations. There is little difference between these three categories, although CC and C ratings are normally applied to obligations that are seen as highly likely to default, or subordinated to obligations rated in the CCC to B range. Obligations in respect of which default has not technically taken place but is considered inevitable may be rated in the C category. |
D | When the issuer has filed under any applicable bankruptcy, insolvency or winding up statute or there is a failure to satisfy an obligation after the exhaustion of grace periods, a downgrade to D may occur. DBRS Morningstar may also use SD (Selective Default) in cases where only some securities are impacted, such as the case of a “distressed exchange.” |
AAA | An insurer rated ‘AAA’ has extremely strong financial security characteristics. ‘AAA’ is the highest insurer financial strength rating assigned by S&P Global Ratings. |
AA | An insurer rated ‘AA’ has very strong financial security characteristics, differing only slightly from those rated higher. |
A | An insurer rated ‘A’ has strong financial security characteristics, but is somewhat more likely to be affected by adverse business conditions than are insurers with higher ratings. |
BBB | An insurer rated ‘BBB’ has good financial security characteristics, but is more likely to be affected by adverse business conditions than are higher-rated insurers. |
BB, B, CCC, and CC | An insurer rated ‘BB’ or lower is regarded as having vulnerable characteristics that may outweigh its strengths, ‘BB’ indicates the least degree of vulnerability within the range and ‘CC’ the highest. |
BB | An insurer rated ‘BB’ has marginal financial security characteristics. Positive attributes exist, but adverse business conditions could lead to insufficient ability to meet financial commitments. |
B | An insurer rated ‘B’ has weak financial security characteristics. Adverse business conditions will likely impair its ability to meet financial commitments. |
CCC | An insurer rated ‘CCC’ has very weak financial security characteristics, and is dependent on favorable business conditions to meet financial commitments. |
CC | An insurer rated ‘CC’ has extremely weak financial security characteristics and is likely not to meet some of its financial commitments. |
SD and D | An
insurer rated ‘SD’ (selective default) or ‘D’ is in default on one or more
of its insurance policy obligations. The ‘D’ rating also will be used upon the filing of a bankruptcy petition or the taking of similar action if payments on a policy obligation are at risk. A ‘D’ rating is assigned when S&P Global Ratings believes that the default will be a general default and that the obligor will fail to pay substantially all of its obligations in full in accordance with the policy terms. An ‘SD’ rating is assigned when S&P Global Ratings believes that the insurer has selectively defaulted on a specific class of policies but it will continue to meet its payment obligations on other classes of obligations. An ‘SD’ includes the completion of a distressed debt restructuring. Claim denials due to lack of coverage or other legally permitted defenses are not considered defaults. |
AAA | EXCEPTIONALLY STRONG. ‘AAA’ IFS Ratings denote the lowest expectation of ceased or interrupted payments. They are assigned only in the case of exceptionally strong capacity to meet policyholder and contract obligations. This capacity is highly unlikely to be adversely affected by foreseeable events. |
AA | VERY STRONG. ‘AA’ IFS Ratings denote a very low expectation of ceased or interrupted payments. They indicate very strong capacity to meet policyholder and contract obligations. This capacity is not significantly vulnerable to foreseeable events. |
A | STRONG. ‘A’ IFS Ratings denote a low expectation of ceased or interrupted payments. They indicate strong capacity to meet policyholder and contract obligations. This capacity may, nonetheless, be more vulnerable to changes in circumstances or in economic conditions than is the case for higher ratings. |
BBB | GOOD. ‘BBB’ IFS Ratings indicate that there is currently a low expectation of ceased or interrupted payments. The capacity to meet policyholder and contract obligations on a timely basis is considered adequate, but adverse changes in circumstances and economic conditions are more likely to impact this capacity. |
BB | MODERATELY WEAK. ‘BB’ IFS Ratings indicate that there is an elevated vulnerability to ceased or interrupted payments, particularly as the result of adverse economic or market changes over time. However, business or financial alternatives may be available to allow for policyholder and contract obligations to be met in a timely manner. |
B | WEAK. ‘B’ IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, there is significant risk that ceased or interrupted payments could occur in the future, but a limited margin of safety remains. Capacity for continued timely payments is contingent upon a sustained, favorable business and economic environment, and favorable market conditions. Alternatively, a ‘B’ IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, but with the potential for extremely high recoveries. Such obligations would possess a recovery assessment of ‘RR1’ (Outstanding). |
CCC | VERY WEAK. ‘CCC’ IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, there is a real possibility that ceased or interrupted payments could occur in the future. Capacity for continued timely payments is solely reliant upon a sustained, favorable business and economic environment, and favorable market conditions. Alternatively, a ‘CCC’ IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, and with the potential for average to superior recoveries. Such obligations would possess a recovery assessment of ‘RR2’ (Superior), ‘RR3’ (Good), and ‘RR4’ (Average). |
CC | EXTREMELY WEAK. ‘CC’ IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, it is probable that ceased or interrupted payments will occur in the future. Alternatively, a ‘CC’ IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, with the potential for average to below-average recoveries. Such obligations would possess a recovery assessment of ‘RR4’ (Average) or ‘RR5’ (Below Average). |
C | DISTRESSED. ‘C’ IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, ceased or interrupted payments are imminent. Alternatively, a ‘C’ IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, and with the potential for below average to poor recoveries. Such obligations would possess a recovery assessment of ‘RR5’ (Below Average) or ‘RR6’ (Poor). |
F1 | Insurers are viewed as having a strong capacity to meet their near-term obligations. When an insurer rated in this rating category is designated with a (+) sign, it is viewed as having a very strong capacity to meet near-term obligations. |
F2 | Insurers are viewed as having a good capacity to meet their near-term obligations. |
F3 | Insurers are viewed as having an adequate capacity to meet their near-term obligations. |
B | Insurers are viewed as having a weak capacity to meet their near-term obligations. |
C | Insurers are viewed as having a very weak capacity to meet their near-term obligations. |
RR1 | OUTSTANDING RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR1’ rated securities have characteristics consistent with securities historically recovering 91%–100% of current principal and related interest. |
RR2 | SUPERIOR RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR2’ rated securities have characteristics consistent with securities historically recovering 71%–90% of current principal and related interest. |
RR3 | GOOD RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR3’ rated securities have characteristics consistent with securities historically recovering 51%–70% of current principal and related interest. |
RR4 | AVERAGE RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR4’ rated securities have characteristics consistent with securities historically recovering 31%–50% of current principal and related interest. |
RR5 | BELOW
AVERAGE RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR5’ rated securities have
characteristics consistent with securities historically recovering
11%– 30% of current principal and related interest. |
RR6 | POOR RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR6’ rated securities have characteristics consistent with securities historically recovering 0%–10% of current principal and related interest. |
• | The ratings do not predict a specific percentage of recovery should a default occur. |
• | The ratings do not opine on the market value of any issuer’s securities or stock, or the likelihood that this value may change. |
• | The ratings do not opine on the liquidity of the issuer’s securities or stock. |
• | The ratings do not opine on any quality related to an issuer or transaction’s profile other than the agency’s opinion on the relative loss severity of the rated obligation should the obligation default. |
• | Recovery Ratings, in particular, reflect a fundamental analysis of the underlying relationship between financial claims on an entity or transaction and potential sources to meet those claims. The size of such sources and claims is subject to a wide variety of dynamic factors outside the agency’s analysis that will influence actual recovery rates. |
• | Out-of-court settlements are not contemplated by Fitch’s Recovery Ratings, other than in broad concession payments for some classes of junior-ranking bonds in some specific scenarios. In reality, out-of-court settlements will be influenced heavily by creditor composition and local political and economic imperatives, and Fitch does not attempt to factor these into its Recovery Ratings. |
• | Creditor composition is outside the scope of Recovery Ratings. Concentration of creditors at a certain level of the capital structure, common ownership of claims at different levels in a capital structure or even differing entry prices of investors within a creditor class can have a profound effect on actual recovery rates. |
• | Information flows for companies close to default can become erratic, which may reduce Fitch’s visibility on its Recovery Ratings. |
• | Enterprise valuations play a key role in the allocation of recoveries across credit classes. Recovery Ratings assume cash-flow multiples or advance rates, which are driven by subjective forecasts of Fitch analysts of post-restructuring cash flow, achievable exit multiples and appropriate advance rates. All these parameters are subject to volatility before and during the restructuring process. |
• | Recovery rates are strongly influenced by legal decisions. Potential legal decisions are not factored into Fitch’s Recovery Ratings. |
Aaa | Insurance companies rated Aaa are judged to be of the highest quality, subject to the lowest level of credit risk. |
Aa | Insurance companies rated Aa are judged to be of high quality and are subject to very low credit risk. |
A | Insurance companies rated A are judged to be upper-medium grade and are subject to low credit risk. |
Baa | Insurance companies rated Baa are judged to be medium-grade and subject to moderate credit risk and as such may possess certain speculative characteristics. |
Ba | Insurance companies rated Ba are judged to be speculative and are subject to substantial credit risk. |
B | Insurance companies rated B are considered speculative and are subject to high credit risk. |
Caa | Insurance companies rated Caa are judged to be speculative of poor standing and are subject to very high credit risk. |
Ca | Insurance companies rated Ca are highly speculative and are likely in, or very near, default, with some prospect of recovery of principal and interest. |
C | Insurance companies rated C are the lowest rated and are typically in default, with little prospect for recovery of principal or interest. |
P-1 | Ratings of Prime-1 reflect a superior ability to repay short-term debt obligations. |
P-2 | Ratings of Prime-2 reflect a strong ability to repay short-term debt obligations. |
P-3 | Ratings of Prime-3 reflect an acceptable ability to repay short-term obligations. |
P-4 | Issuers (or supporting institutions) rated Not Prime do not fall within any of the Prime rating categories. |
• | Amortization schedule — the larger the final maturity relative to other maturities, the more likely it will be treated as a note; and |
• | Source of payment — the more dependent the issue is on the market for its refinancing, the more likely it will be treated as a note. |
SP-1 | Strong capacity to pay principal and interest. An issue determined to possess a very strong capacity to pay debt service is given a plus (+) designation. |
SP-2 | Satisfactory capacity to pay principal and interest, with some vulnerability to adverse financial and economic changes over the term of the notes. |
SP-3 | Speculative capacity to pay principal and interest. |
D | ‘D’ is assigned upon failure to pay the note when due, completion of a distressed debt restructuring, or the filing of a bankruptcy petition or the taking of similar action and where default on an obligation is a virtual certainty, for example, due to automatic stay provisions. |
MIG 1 | This designation denotes superior credit quality. Excellent protection is afforded by established cash flows, highly reliable liquidity support or demonstrated broad-based access to the market for refinancing. |
MIG 2 | This designation denotes strong credit quality. Margins of protection are ample, although not as large as in the preceding group. |
MIG 3 | This designation denotes acceptable credit quality. Liquidity and cash-flow protection may be narrow, and market access for refinancing is likely to be less well-established. |
SG | This designation denotes speculative-grade credit quality. Debt instruments in this category may lack sufficient margins of protection. |
VMIG 1 | This designation denotes superior credit quality. Excellent protection is afforded by the superior short-term credit strength of the liquidity provider and structural and legal protections that ensure the timely payment of purchase price upon demand. |
VMIG 2 | This designation denotes strong credit quality. Good protection is afforded by the strong short-term credit strength of the liquidity provider and structural and legal protections that ensure the timely payment of purchase price upon demand. |
VMIG 3 | This designation denotes acceptable credit quality. Adequate protection is afforded by the satisfactory short-term credit strength of the liquidity provider and structural and legal protections that ensure the timely payment of purchase price upon demand. |
SG | This designation denotes speculative-grade credit quality. Demand features rated in this category may be supported by a liquidity provider that does not have a sufficiently strong short-term rating or may lack the structural or legal protections necessary to ensure the timely payment of purchase price upon demand. |
Pfd-1 | Preferred shares rated Pfd-1 are generally of superior credit quality, and are supported by entities with strong earnings and balance sheet characteristics. Pfd-1 ratings generally correspond with issuers with a AAA or AA category reference point1. |
Pfd-2 | Preferred shares rated Pfd-2 are generally of good credit quality. Protection of dividends and principal is still substantial, but earnings, the balance sheet and coverage ratios are not as strong as Pfd-1 rated companies. Generally, Pfd-2 ratings correspond with issuers with an A category or higher reference point. |
Pfd-3 | Preferred shares rated Pfd-3 are generally of adequate credit quality. While protection of dividends and principal is still considered acceptable, the issuing entity is more susceptible to adverse changes in financial and economic conditions, and there may be other adverse conditions present which detract from debt protection. Pfd-3 ratings generally correspond with issuers with a BBB category or higher reference point. |
Pfd-4 | Preferred shares rated Pfd-4 are generally speculative, where the degree of protection afforded to dividends and principal is uncertain, particularly during periods of economic adversity. Issuers with preferred shares rated Pfd-4 generally correspond with issuers with a BB category or higher reference point. |
Pfd-5 | Preferred shares rated Pfd-5 are generally highly speculative and the ability of the entity to maintain timely dividend and principal payments in the future is highly uncertain. Entities with a Pfd-5 rating generally correspond with issuers with a B category or higher reference point. Preferred shares rated Pfd-5 often have characteristics that, if not remedied, may lead to default. |
D | When the issuer has filed under any applicable bankruptcy, insolvency or winding up or the issuer is in default per the legal documents, a downgrade to D may occur. Because preferred share dividends are only payable when approved, the non-payment of a preferred share dividend does not necessarily result in a D. DBRS Morningstar may also use SD (Selective Default) in cases where only some securities are impacted, such as the case of a “distressed exchange”. See the Default Definition document posted on the website for more information. |
1 | The reference point is a credit rating or intrinsic assessment on the relevant issuer expressed using the long-term obligations scale. For instance, it could be the issuer rating (for a corporate issuer), the intrinsic assessment (for a bank or a non-bank finance company), or the financial strength rating (for an insurance company). |