JPMorgan Core Plus Bond Fund
JPMorgan Trust II · Series S000003478 · 8 share classes
data updated 2026-08-10
Fund profile
As filed in the prospectus · 2026 Q2
The Fund seeks a high level of current income by investing primarily in a diversified portfolio of high-, medium- and low-grade debt securities.
The fund seeks high current income by investing across the credit spectrum in a diversified portfolio of investment-grade and below-investment-grade debt securities, including corporate bonds, government and agency securities, mortgage-backed securities, loans, and foreign and emerging market bonds. The adviser selects securities through fundamental analysis of credit quality, interest rate risk, and value, with at least 70% of assets in investment-grade securities and no more than 30% in below-investment-grade securities under normal circumstances. Because performance depends on the adviser's security selection and credit assessments, returns will diverge from any broad bond index.
| Share class | Gross | Net |
|---|---|---|
| HLIPX | 0.63% | 0.46% |
| ONIAX | 0.88% | 0.75% |
| OBDCX | 1.39% | 1.38% |
| JCPUX | 0.38% | 0.37% |
| JCPZX | 1.15% | 1.14% |
| JCPPX | 0.89% | 0.88% |
| JCPQX | 0.64% | 0.63% |
| JCPYX | 0.48% | 0.47% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 62.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Securitized | 48.34% |
| Bonds | 45.45% |
| Cash & short-term | 6.00% |
| Loans | 0.89% |
| 2 smaller | 0.14% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: GNMA ×2, United States of America ×2, FNMA/FHLMC, NGF Holdings LLC, SRT Issuer II LLC, RCKT Mortgage Trust
Largest exited: GNMA ×2, United States of America ×3, FNMA/FHLMC, PRET Trust, FirstKey Homes Trust
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
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Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-02-28
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 72.9% |
| Floating rate | 21.4% |
| Zero-coupon or unclassified | 5.7% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.3% |
| 1-3y | 9.2% |
| 3-5y | 17.9% |
| 5-10y | 23.6% |
| 10y+ | 46.9% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 62% |
| Credit spreads | 38% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +3.04 yr |
| High yield | +0.69 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 1 yr | 0.58 yr | 10% |
| 5 yr | 1.70 yr | 28% |
| 10 yr | 2.16 yr | 36% |
| 30 yr | 1.63 yr | 27% |
3 mo is NEGATIVE (-0.03 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.35 yr | 9% |
| 5 yr | 1.66 yr | 44% |
| 10 yr | 1.23 yr | 33% |
| 30 yr | 0.47 yr | 13% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.03 | +0.01 | +0.01 | $17.0k | $16.1k |
| 1 yr | +0.58 | +0.19 | +0.16 | $484.0k | $423.1k |
| 5 yr | +1.70 | +1.27 | +0.38 | $3.29m | $985.8k |
| 10 yr | +2.16 | +1.13 | +0.10 | $2.92m | $270.2k |
| 30 yr | +1.63 | +0.44 | +0.03 | $1.14m | $75.3k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 6.03 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | JPMorgan Prime Money Market Fund | 6.00% | $1.55B | — |
| — | United States of America3.63% · due 2029-08-31 | 1.35% | $347.70M | — |
| — | GNMA5.00% · due 2056-03-15 | 1.01% | $261.38M | — |
| — | United States of America3.63% · due 2030-08-31 | 0.96% | $247.21M | — |
| — | United States of America4.25% · due 2034-11-15 | 0.85% | $220.68M | — |
| — | United States of America4.50% · due 2054-11-15 | 0.77% | $199.88M | — |
| — | United States of America0.50% · due 2027-08-31 | 0.68% | $175.59M | — |
| — | United States of America1.13% · due 2026-10-31 | 0.63% | $163.21M | — |
| — | United States of America4.00% · due 2042-11-15 | 0.50% | $128.87M | — |
| — | United States of America0.00% · due 2031-05-15 | 0.46% | $117.45M | — |
Top 10 positions are 13.22% of net assets, top 25 17.95%, across 928 issuers.
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