JPMorgan Short Duration Core Plus Fund
Actively managed U.S. bond fund
As of its 2026 Q2 report, JPMorgan Short Duration Core Plus Fund held 1,284 positions with $6.71B in net assets. Its ten largest holdings made up 18.2% of the fund. The JSDHX share class costs 0.64% a year. Over the 12 months to May 2026, JSDHX returned 4.3%, with dividends reinvested. In 2026 Q2 it added 144 new positions and exited 85.
The Fund seeks total return, consistent with preservation of capital.
The fund employs a multi-sector fixed income strategy, allocating across investment-grade corporate bonds, U.S. Treasuries, mortgage-backed securities, asset-backed securities, and emerging markets debt, with up to 30% in below-investment-grade securities and 25% in foreign securities. The adviser uses fundamental credit analysis and quantitative research to select individual securities and sectors based on risk-reward assessment, selling when credit quality or valuation is expected to deteriorate. The fund targets a duration of three years or less to manage interest rate sensitivity, though duration may extend during periods of significant market volatility. The fund may use derivatives including futures, options, swaps, and currency forwards for hedging and relative value strategies.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
United States of America 3.50% · due 2029-01-15 | 6.21% | $416.79M | — |
United States of America 3.88% · due 2028-07-15 | 3.00% | $201.15M | — |
United States of America 3.50% · due 2028-10-15 | 2.40% | $161.10M | — |
United States of America 3.38% · due 2028-09-15 | 1.25% | $83.58M | — |
United States of America 3.63% · due 2028-08-15 | 1.21% | $81.36M | — |
JIMXXJPMorgan Prime Money Market Fund | 1.16% | $78.02M | — |
FHLMC 5.00% · due 2051-12-25 | 0.83% | $55.62M | — |
FHLMC Pool 6.00% · due 2054-05-01 | 0.73% | $48.86M | — |
United States of America 3.88% · due 2028-06-15 | 0.70% | $46.79M | — |
FHLMC Pool 6.00% · due 2054-02-01 | 0.69% | $46.18M | — |
The 200 largest of 1,284 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Securitized | 49.43% |
| Bonds | 49.07% |
| Cash & short-term | 1.33% |
| Loans | 0.17% |
| Stocks | 0.01% |
| Derivatives | -0.02% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Securitized
- 49.4%
- Government
- 17.3%
- International
- 12.3%
- Other
- 8.3%
- 12 other sectors
- 12.8%
- Securitized
- 49.4%
- Government
- 17.3%
- International
- 12.3%
- Other
- 8.3%
- Financials
- 7.0%
- Cash
- 1.3%
- Information Technology
- 1.0%
- Utilities
- 0.8%
- Health Care
- 0.6%
- Energy
- 0.5%
- Consumer Discretionary
- 0.4%
- Industrials
- 0.4%
- Materials
- 0.3%
- Consumer Staples
- 0.2%
- Communication Services
- 0.2%
- Real Estate
- 0.1%
How it has done
JSDHX share class · total returns with dividends reinvested
Volatility over the last 12 months: 1.87%. Past returns are a record, not a forecast.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.64% | +4.33% | +16.88% | +11.34% | -0.96% | |
| 1.14% | +3.93% | +15.32% | +8.62% | -1.00% | |
| 0.39% | +4.60% | +17.75% | +12.74% | -0.94% | |
| 0.33% | +4.66% | +18.10% | +13.08% | -0.93% |
These classes hold the same portfolio, so the 4.46pp spread over 5 years is the cost difference between them — roughly 0.89pp a year — not a difference in what they own.
Fees & fund details
JPMorgan Short Duration Core Plus Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Short duration
- Expense ratio, by class
- 0.33% – 1.14%· JSDHX 0.64%
- Portfolio turnover
- 58.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
144 new· the largest 8
85 exited· the largest 6
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
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 | 73.0% |
| Floating rate | 25.8% |
| Zero-coupon or unclassified | 1.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.9% |
| 1-3y | 26.5% |
| 3-5y | 21.1% |
| 5-10y | 19.0% |
| 10y+ | 32.5% |
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 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 | 56% |
| Credit spreads | 44% |
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 | +1.93 yr |
| High yield | +0.32 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 | 1.12 yr | 39% |
| 5 yr | 1.63 yr | 57% |
| 10 yr | 0.08 yr | 3% |
| 30 yr | 0.02 yr | 1% |
3 mo is NEGATIVE (-0.02 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 1 yr | 0.60 yr | 26% |
| 5 yr | 1.63 yr | 72% |
| 10 yr | 0.05 yr | 2% |
3 mo is NEGATIVE (-0.02 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
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 | -0.02 | +0.00 | -$16.0k | $1.4k |
| 1 yr | +1.12 | +0.50 | +0.10 | $333.9k | $67.0k |
| 5 yr | +1.63 | +1.45 | +0.18 | $970.1k | $122.7k |
| 10 yr | +0.08 | +0.01 | +0.04 | $6.5k | $24.4k |
| 30 yr | +0.02 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
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