Investment Strategies

Fixed Income

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Innovative solutions across the investment spectrum

For over 50 years, J.P. Morgan Asset Management has transformed its global reach, deep resources and investment acumen into innovative fixed income solutions for corporate and public pension plans, Taft Hartley plans, endowments and foundations, insurance and mutual fund companies around the world.

Market Leadership: Our commitment to our clients, dedication to in-depth research, and proven expertise across market sectors has made us a recognized leader in fixed income investment management, with over 164 investment professionals and over $824 billion* in assets under management worldwide.

Disciplined Strategies: Our institutional client solutions include a vast array of strategies along the risk and return continuum, each with a disciplined process for identifying diversified sources of alpha, constructing efficient portfolios and rigorously managing risk.

As a result of our rich and diverse heritage, clients can choose among strategies managed under two distinct investment styles:

New York/London-based team: A globally integrated approach which draws on the expertise of locally based sector specialists and portfolio management teams. We generate internal fundamental, quantitative and technical research inputs and allocate risk using a rigorous and methodical portfolio construction process designed to generate strong risk-adjusted returns.

Columbus-based team: A clearly defined, value-driven approach with intensive bottom-up research by dedicated sector specialists that are fully integrated with portfolio and risk management teams. Our process, which seeks to limit downside risk, results in highly diversified portfolios designed for consistent long-term outperformance.

* As of September 30, 2009.The manager seeks to achieve the stated objectives. There can be no guarantee the objectives will be met.Fixed Income securities will increase or decrease in value based on changes in interest rates. If rates increase, the value of the investment generally declines. On the other hand, if rates fall, the value of the investments generally increases. The investment will decline in value if the value of the investments decreases. Securities with greater interest rate sensitivity and longer maturities tend to produce higher yields, but are subject to greater fluctuations in value. Usually, the changes in the value of fixed income securities will not affect cash income generated, but may affect the value of the investment.

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., JPMorgan Investment Advisors Inc., Security Capital Research & Management Incorporated and J.P. Morgan Alternative Asset Management, Inc.