JPMorgan Preferred and Income Securities Fund
JPMorgan Trust IV · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
JPMorgan Preferred and Income Securities Fund is an actively managed global bond fund.
- Asset class
- Bonds
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Mixed credit
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2025 Q4
The Fund seeks to provide a high level of current income and total return.
The fund invests in preferred and debt securities selected through a three-part process evaluating macro credit conditions, sector relative value, and individual security fundamentals including credit metrics, competitive position, and ESG factors. It maintains at least 25% of assets in financials-sector securities (banking, diversified financials, real estate, and insurance) and may hold significant allocations to below-investment-grade and foreign-currency securities, distressed debt, and derivatives including swaps and currency forwards. The fund is concentrated in the financials sector and related industries, meaning it will hold 25% or more of total assets in these combined industries and may hold 25% or more in any single industry within that group.
| Share class | Gross | Net |
|---|---|---|
| JPDRX | 0.63% | 0.57% |
| JPDAX | 1.13% | 0.87% |
| JPDIX | 0.88% | 0.62% |
| JPDCX | 1.63% | 1.37% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 32.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 83.31% |
| Stocks | 11.00% |
| Other | 3.36% |
| Cash & short-term | 1.86% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Financials | 47.5% |
| International | 24.8% |
| Utilities | 10.9% |
| Other | 9.4% |
| 5 smaller | 7.4% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: United States of America ×2, Rogers Communications, Inc., Charles Schwab Corp. (The), BNP Paribas SA, Banco Bilbao Vizcaya Argentaria SA, Verizon Communications, Inc., Allianz SE
Largest exited: Emera, Inc., Nevada Power Co., Puget Energy, Inc. ×2, Bank of New York Mellon Corp. (The) ×2, PartnerRe Finance B LLC, BP Capital Markets plc
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +9.39% | +32.95% | — | 3.62% | -3.70% | |
| +9.17% | +31.75% | — | 3.51% | -3.77% | |
| +9.33% | +32.75% | — | 3.56% | -3.71% | |
| +8.75% | +29.97% | — | 3.51% | -3.89% |
These classes hold the same portfolio, so the 2.99pp spread over 3 years is the cost difference between them — roughly 1.00pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Floating rate | 96.0% |
| Fixed rate | 4.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 8.4% |
| 1-3y | 12.1% |
| 3-5y | 26.9% |
| 5-10y | 22.3% |
| 10y+ | 30.3% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly 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 | 50% |
| Credit spreads | 50% |
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 | +3.32 yr |
| High yield | +1.41 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.02 yr | 0% |
| 1 yr | 0.48 yr | 10% |
| 5 yr | 1.83 yr | 38% |
| 10 yr | 1.30 yr | 27% |
| 30 yr | 1.13 yr | 24% |
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.21 yr | 4% |
| 5 yr | 1.86 yr | 39% |
| 10 yr | 1.16 yr | 24% |
| 30 yr | 1.49 yr | 32% |
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 | +0.02 | +0.01 | +0.00 | $1.6k | $405 |
| 1 yr | +0.48 | +0.08 | +0.13 | $18.6k | $28.1k |
| 5 yr | +1.83 | +1.30 | +0.56 | $289.0k | $125.6k |
| 10 yr | +1.30 | +0.90 | +0.26 | $200.7k | $57.3k |
| 30 yr | +1.13 | +1.03 | +0.46 | $228.8k | $103.1k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | Invesco Preferred ETF | 3.36% | $74.81M | — |
| — | UBS Group AG9.25% floating · due 2033-11-13 | 2.62% | $58.36M | — |
| — | Banco Santander SA9.63% floating · due 2033-05-21 | 2.27% | $50.68M | — |
| — | HSBC Holdings plc4.60% floating · due 2030-12-17 | 2.06% | $45.93M | — |
| — | Wells Fargo & Co.6.13% floating · due 2031-06-15 | 2.01% | $44.74M | — |
| JIMXX | JPMorgan Prime Money Market FundJIMXX | 1.86% | $41.52M | — |
| — | BNP Paribas SA7.75% floating · due 2029-08-16 | 1.81% | $40.31M | — |
| — | Charles Schwab Corp. (The)4.00% floating · due 2030-12-01 | 1.70% | $37.86M | — |
| — | ING Groep NV8.00% floating · due 2030-05-16 | 1.68% | $37.53M | — |
| — | PNC Financial Services Group, Inc. (The)3.40% floating · due 2026-09-15 | 1.58% | $35.30M | — |
Top 10 positions are 20.96% of net assets, top 25 38.58%, across 89 issuers.
See more of this fund's book
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