The Fund aims to achieve a return in excess of the benchmark by investing opportunistically in debt securities positively positioned towards debt securities issued by companies and countries that demonstrate effective governance and superior manageme...
The fund provides unconstrained, global exposure to a broad array of fixed income sectors, including government bonds, investment-grade and high-yield corporates, and emerging market debt. It maintains a flexible mandate that allows the investment team to dynamically shift allocations across countries and sectors based on market conditions. As a sustainable investment strategy, it is categorized as Article 8 under SFDR and prioritizes issuers with positive environmental and social characteristics.
The strategy is co-led by Global CIO Bob Michele and International CIO Iain Stealey, who oversee top-down asset allocation decisions. The lead managers are supported by a diverse team of co-managers, including Lisa Coleman and Andreas Michalitsianos, who focus on bottom-up security selection. The investment team leverages the deep resources of J.P. Morgan's global platform, which includes over 250 specialized fixed income professionals.
This benchmark-agnostic strategy aims for long-term total returns rather than targeting outperformance against a specific market index. The fund is designed to demonstrate resiliency during volatile market environments through active duration management and sector rotation. Investors should note that the fund's sustainability-related exclusions may lead to relative underperformance when commodity-related sectors experience significant rallies.
The investment process combines top-down macroeconomic analysis with rigorous bottom-up fundamental research to identify relative value across global markets. It utilizes a positive-tilt ESG framework that favors issuers demonstrating superior management of environmental, social, and governance factors. Portfolio construction incorporates exclusionary screening alongside the active selection of ESG-labeled instruments such as green and social bonds.
Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
It serves as an actively managed, diversified global fixed income component for investors seeking unconstrained exposure to various credit and duration risks. The fund is suitable for those prioritizing sustainability, offering a portfolio that integrates rigorous ESG standards with global bond market opportunities. Given its flexible and unconstrained nature, it can act as a complement to core bond holdings by providing a different source of potential alpha across market cycles.
Daily data. Returns as of 07 Nov 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | 0.4% | 0.7% | -3.8% | 1.5% | 1.3% | 0.4% | -1.5% | -0.2% | -2.5% | 0.3% | - | - |
| 2025 | 5.5% | 0.7% | 0.8% | -0.8% | 0.9% | 0.5% | 1.4% | -0.1% | 1.0% | 0.7% | 0.3% | 0.0% | -0.1% |
| 2024 | 1.3% | -0.3% | -0.7% | 0.6% | -1.5% | 0.5% | 0.8% | 1.4% | 1.3% | 1.2% | -2.0% | 1.2% | -1.0% |
| 2023 | 4.4% | 2.3% | -1.9% | 1.0% | 0.3% | -0.8% | -0.0% | 0.8% | -0.9% | -1.7% | -1.4% | 4.2% | 2.9% |
| 2022 | -7.0% | -1.5% | -1.4% | 0.0% | -2.4% | -0.5% | -3.7% | 2.7% | -0.8% | -3.0% | 0.5% | 2.6% | 0.5% |
| Load more | 5 of 7 | ||||||||||||
| JPM USD Liquidity LVNAV X dist. (2049-12-31 Maturity) | 3.01% |
| Government National Mortgage Association 5.5% (2056-10-15 Maturity) | 2.46% |
| Germany (Federal Republic Of) 2.7% (2028-09-13 Maturity) | 2.44% |
| Sweden (Kingdom Of) 0.75% (2028-05-12 Maturity) | 2.16% |
| Government National Mortgage Association 4% (2052-08-20 Maturity) | 1.77% |
| Federal National Mortgage Association 5.5% (2055-11-01 Maturity) | 1.39% |
| Government National Mortgage Association 6% (2056-08-20 Maturity) | 1.32% |
| South Africa (Republic of) 9% (2040-01-31 Maturity) | 1.28% |
| Colombia (Republic Of) 13.25% (2033-02-09 Maturity) | 1.25% |
| Caixabank S.A. 6.84% (2034-09-13 Maturity) | 1.19% |
| Mexico (United Mexican States) (2031-05-29 Maturity) | 1.14% |
| Secretaria Do Tesouro Nacional 6% (2030-08-15 Maturity) | 1.14% |
| Federal National Mortgage Association 4.9903% (2054-10-25 Maturity) | 1.10% |
| Mexico (United Mexican States) (2035-05-24 Maturity) | 1.09% |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Tru (2032-01-30 Maturity) | 1.02% |
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