What is JCPI?

JCPI aims to protect total return by holding a broad portfolio of US investment-grade bonds that is equivalent to those of inflation-protected securities. The actively managed fund makes use of swaps to hedge inflation risk.

PERFORMANCE [as of 11/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
JCPI 0.49% -4.41% -- -- -- -- --
JCPI (NAV) 0.37% -4.56% -8.01% -7.66% 1.07% 1.65% 1.15%
No Underlying Index -- -- -- -- -- -- --
Bloomberg U.S. Aggregate Bond Index 2.62% -3.05% -13.14% -13.11% -2.79% 0.05% 1.03%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

JCPI Factset Analytics Insight

JCPI aims to maximize total return by providing exposure to USD-denominated investment-grade bonds. The words “Inflation Managed” in the fund’s name refers to its strategy of creating a portfolio equivalent to those of inflation-protected securities and does not necessarily reflect the type of securities it invests in. The fund uses swaps to hedge inflation risk based on the CPI-U Index that measures price changes of a basket of goods and services purchased by urban consumers. The fund may invest in various corporate and government bonds, as well as actual Treasury Inflation Protected Securities, that are perceived to perform well over market cycles. The fund may invest up to 10% in junk bonds. As the fund uses derivatives, it could open investors to potential counterparty risk. On Apr. 8, 2022, JCPI converted from a mutual fund called JPMorgan Inflation Managed Bond Fund to an actively managed ETF structure, starting with $1.1 billion in net assets.

JCPI Summary Data

04/08/22
0.25%
$906.61M
No Underlying Index
Bloomberg U.S. Aggregate Bond Index
Open-Ended Fund

Peers

Bloomberg U.S. Aggregate Bond Index

Fund Flows

$0.00B 5 Days
-$0.01B 30 Days
-$0.11B 90 Days

JCPI Portfolio Data

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12/01/22
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JCPI Index Data

No Underlying Index
Proprietary
Proprietary
Bloomberg U.S. Aggregate Bond Index

JCPI Portfolio Management

0.25%
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JCPI Tax Exposures

20.00% / 39.60%
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Ordinary income
No

JCPI Fund Structure

Open-Ended Fund
No
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N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 11/30/22

This measurement shows how easy it is to trade a $1 million USD block of JCPI. JCPI is rated a N/A out of 5.

JCPI Tradability

35,867
$1.65M
15,081
$690.45K
0.07%
$0.03
-0.08%
0.71% / -0.72%
None
100.00%
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0
$46.30
N/A

JCPI Sector/Industry Breakdown

JCPI Segment
Benchmark
51.27% --
32.19% --
4.75% --
1.71% --
1.67% --
1.55% --
0.78% --
0.74% --
0.74% --
0.66% --

JCPI Top 10 Holdings

9.61%
6.17%
4.84%
4.61%
4.07%
4.02%
1.60%
1.38%
0.87%
0.75%
37.93%

JCPI Performance Statistics

0.56
0.65
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JCPI Avg Life Maturity Distribution

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JCPI OAS Breakdown

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JCPI Holdings Statistics

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Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.