JPMORGAN STRATEGIC INCOME OPPORTUNITIES FUND SURPASSES $1 BILLION IN ASSETS

Aug 31, 2009

  • Fund offers attractive go-anywhere fixed income strategy with experienced management.

New York, N.Y. August 31, 2009 – J.P. Morgan Funds today noted that its JPMorgan Strategic Income Opportunities Fund (JSOAX) surpassed $1 billion in assets under management after launching in October of 2008.  The JPMorgan Strategic Income Opportunities Fund is managed by William H. Eigen III, and seeks to provide high total return by investing strategically in a wide range of debt securities. 

"There has been tremendous opportunity in the market to present a mutual fund that offers a diversified fixed income strategy with a manager experienced in security selection through varied market cycles,” said George Gatch, President and CEO of JPMorgan Funds. “The performance of this fund demonstrates J.P. Morgan’s ability to offer valued investment solutions to end investors in a challenging environment.” 

William Eigen, CFA and senior portfolio manager, is a member of J.P. Morgan Asset Management’s Global Macro Strategy Team.  Prior to joining the firm in 2008, Eigen headed Highbridge Capital Management’s Fixed Income Group and spent 12 years at Fidelity Investments as an analyst and lead portfolio manager, where he managed approximately $10 billion across a number of mutli-sector mutual funds. 

The JPMorgan Strategic Income Opportunities Fund is up 13.15% (as of 8/19/09), year to date.

Strategic Income Opportunities Fund Performance - A shares 

 

Total Returns

Average Annual Total Returns

As of 6/30/2009

1 Month

3 Month

YTD

1 Year

3 Year

5 Year

Incept*

at NAV

2.39%

10.0%

8.72%

 N/A

N/A

N/A

13.22%

with 3.75% max.
sales charges

-1.41%

5.86%

4.60%

N/A

N/A

N/A

8.97%

Barclays Capital
U.S. Universal
Index

0.76%

2.94%

3.35%

N/A

N/A

N/A

8.49%

 

Total Returns

Average Annual Total Returns

As of 7/31/2009

1 Month

3 Month

YTD

1 Year

3 Year

5 Year

Incept*

at NAV

2.88%

8.93%

11.84%

N/A

N/A

N/A

16.48%

with 3.75% max.
sales charges

-0.96%

4.87%

7.61%

N/A

N/A

N/A

12.11%

Barclays Capital
U.S. Universal
Index

1.89%

3.82%

5.30%

N/A

N/A

N/A

10.55%

* Performance inception date: 10/10/08

The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end please call 1-800-480-4111.

Annual operating expenses (%)

A Shares

C Shares

Select

Net expenses1

 1

1.5 

0.75 

Total annual operating expenses1

 1.3

1.8 

1.05 

Fee waivers and/or expense reimbursements1

 -0.12

-0.12 

-0.12 

Expense cap1

 1.118

1.68 

.93

Prospectus effective through 6/30/10

1 Reflects a written agreement pursuant to which the Fund’s Investment Advisor, Administrator and Distributor agree that they will waive fees or reimburse the Fund to the extent total annual operating expenses (excluding acquired fund fees and expenses, dividend expenses relating to short sales, interest, taxes, extraordinary expenses and expenses related to the deferred compensation plan) exceed the expense cap of its average daily net assets through the Fund’s prospectus effective date, as stated above. In addition, the Fund’s service providers may voluntarily waive or reimburse certain of their fees, as they may determine, from time to time.

NOT FDIC INSURED  \  NO BANK GUARANTEE  \  MAY LOSE VALUE

Contact JPMorgan Funds Distribution Services at 1-800-480-4111 for a fund prospectus. You can also visit us at www.jpmorganfunds.com. Investors should carefully consider the investment objectives and risks as well as charges and expenses of the mutual fund before investing. The prospectus contains this and other information about the mutual fund. Read the prospectus carefully before investing.

Risks associated with investing in the Fund:

Because this Fund primarily invests in bonds, it is subject to interest rate risks. Bond prices generally fall when interest rates rise.

Securities rated below investment grade are called "high-yield bonds," "non-investment grade bonds," "below investment-grade bonds," or "junk bonds." They generally are rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors Service. Although these securities tend to provide higher yields than higher rated securities, there is a greater risk that the Fund's share price will decline.

The Fund may invest in futures contracts and other derivatives. This may make the Fund more volatile. The portfolio characteristics (excluding sector and holdings) include derivative positions.

The Fund may invest in international fixed income securities. International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and economically stable as the United States and other nations.

There is no guarantee that the use of long and short positions will succeed in limiting the Fund's exposure to domestic stock market movements, capitalization, sector-swings or other risk factors. Investment in a portfolio involved in long and short selling may have higher portfolio turnover rates. This will likely result in additional tax consequences. Short selling involves certain risks, including additional costs associated with covering short positions and a possibility of unlimited loss on certain short sale positions.

JPMorgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds.

JPMorgan 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.

 
 

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