Important risk disclosure

Please click here and read carefully the summary of the key features and risks specific to this fund stated in the offering document prepared by the relevant fund house before making any investment decision.

You should not rely solely on the information contained on this webpage to make investment decisions. You should read carefully and understand the relevant fund's offering documents before making any investment decision.

LU1128926307
JPM Income Fund (Dist.)

  • Fixed income
  • Global
  • HKD Cash
  • Distributing
Invest with
HKD Cash
Payout type
Distributing
Risk rating
2
About this fund
Description
The Fund seeks to provide income by investing primarily in a diversified portfolio of fixed income securities.
Key information
Annual report
Key fact sheet
Prospectus
Information Memorandum
Factsheet
Our perspective
Why we think this fund is best-in-class
product
Product
Provides exposure across different markets and sectors of public fixed income, with allocation reflecting JP Morgan Asset Management's macro views. Managed with the objective of providing a predictable level of income subject to a 4-6% volatility constraint.
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people
People
Managed by a three-man portfolio management team with an average industry experience of more than 26 years, whose expertise also complement one another. Supported by 200+ sector specialists globally for security selection.
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performance
Performance
Has delivered strong risk-adjusted return against other income fund peers and has exhibited good downside control during past periods of market drawdown. Has delivered a relatively high income level compared to peers.
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process
Process
Focuses on genuine diversification through the Fund's asset allocation, meaning that it takes relevant and diversifying risk premiums in different macro regimes and can hedge out the risk they think won't work in that time. Has strong checks and balances for risk management and ensuring that the portfolio managers are outperforming in the pre-defined and correct way. Employs an income management process to avoid paying income from capital and big fluctuations in income.
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cost
Cost
Retail share class with 100% trailer fee rebated back to Endowus investors to achieve the lowest cost of access
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selectionCriteria
How it fits in a portfolio
Investors looking for a flexible, multi-sector fixed income portfolio that offers a competitive level of income payout can consider this Fund. Endowus also offers the option for investors to reinvest the income, either through opting for the reinvestment option after making the investment for the HKD share class, or through purchasing the USD accumulation share class directly, so that income return can be compounded for long term growth of wealth. Investors, however, should take note of the target risk and investment objective that you have, and consider complementing the Fund with allocation to other asset classes with different characteristics.
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Invest in this fund
Performance
Shows the total return of this distributing fund, which includes dividends paid out.
Total returns
All Time
43.09%
YTD
5.37%
1 month
0.51%
6 month
3.50%
1 year
5.90%
3 year
14.10%
5 year
13.24%
10 year
42.67%
As of Aug 2025
Distributions
6.08%
02 Sep 2025
Yield
6.63%As of Mar 2025
Risk metrics
Max drawdown
-10.28%As of Aug 2025
Volatility
4.99%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-1.3%0.5%0.3%0.0%1.5%1.0%0.1%0.5%----
20245.2%0.6%-0.3%0.9%-0.3%0.8%0.6%1.2%1.0%0.6%-0.8%0.6%0.0%
20235.2%3.0%-1.8%0.5%0.7%-1.2%-0.2%0.2%0.6%-1.2%-0.7%2.7%2.3%
2022-8.3%-0.9%-1.2%0.0%-1.5%-0.1%-4.1%3.0%-1.4%-3.5%0.5%1.0%-0.0%
20212.8%0.4%0.8%0.4%1.2%-0.0%0.2%-0.0%0.1%0.2%-0.5%-0.8%0.9%
Load more5 of 12
Top Exposures
Government National Mortgage Association 5.5% (2055-08-15 Maturity)8.33%
Government National Mortgage Association 5.5% (2055-07-20 Maturity)3.57%
Government National Mortgage Association 6% (2055-07-20 Maturity)3.21%
Government National Mortgage Association 6.5% (2055-08-15 Maturity)2.45%
Government National Mortgage Association 6% (2055-03-20 Maturity)2.27%
Government National Mortgage Association 6% (2055-04-20 Maturity)1.86%
Government National Mortgage Association 6% (2055-02-20 Maturity)1.79%
Government National Mortgage Association 6.5% (2054-08-20 Maturity)1.72%
Federal National Mortgage Association 6% (2054-07-01 Maturity)1.02%
Federal Home Loan Mortgage Corp. 6.5% (2054-10-01 Maturity)0.74%
Government National Mortgage Association 6% (2054-09-20 Maturity)0.71%
Federal National Mortgage Association 6% (2053-07-01 Maturity)0.66%
CONNECTICUT AVENUE SECURITIES TRUST 2023-R08 6.85% (2043-10-25 Maturity)0.60%
Federal National Mortgage Association 9.9645% (2029-09-25 Maturity)0.60%
Government National Mortgage Association 6% (2054-10-20 Maturity)0.55%
Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.
Fund fees
1.20%0.70% p.a.
Save 41%
Fund facts
ISIN
LU1128926307
Fund house
JP Morgan
Fund size
HK$12.9B
As of 09 Sep 2025
Fund inception date
19 Dec 2014
Fund class currency
HKD
Oldest share inception date
02 Jun 2014
Pricing frequency
Daily

Warning statements

  • All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
  • Past performance is not indicative of future performance.
  • Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
  • If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

Opinions Any forward-looking statements, prediction, projection or forecast on the economy, stock market, bond market or economic trends of the markets contained in this material are subject to market influences and contingent upon matters outside the control of Endowus HK Limited (“Endowus”) and therefore may not be realised in the future. Further, any opinion or estimate is made on a general basis and subject to change without notice. In presenting the information above, none of Endowus HK Limited, its affiliates, directors, employees, representatives or agents have given any consideration to, nor have made any investigation of the objective, financial situation or particular need of any user, reader, any specific person or group of persons. Therefore, no representation is made as to the completeness and adequacy of the information to make an informed decision. You should carefully consider (i) whether any investment views and products/ services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. You may also wish to seek financial advice through a financial advisor or the Endowus platform and independent legal, accounting, regulatory or tax advice, as appropriate.

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