JPMorgan Core Bond Fund
WOBDX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- New York, NY 10167 New York NY United States of America 10167
- IPO Date
- May 31, 1991
- CIK
- 0000763852
- Website
- jpmorganfunds.com
- Similar Companies
- Business
- JPMorgan Core Bond Fund (WOBDX) is an actively managed mutual fund that seeks total return through a diversified portfolio of primarily intermediate-term, high-quality U.S. investment-grade bonds, including corporate bonds, U.S. Treasury and agency securities, asset-backed securities, agency mortgage-backed securities, collateralized mortgage obligations, commercial mortgage-backed securities, and non-agency mortgage-backed securities; its average weighted maturity ordinarily ranges between 4 and 12 years, with duration typically kept within 10% of the Bloomberg U.S. Aggregate Bond Index. The fund maintains a high-quality bias, with bonds required to be investment-grade at purchase, resulting in portfolios featuring approximately 60% AAA-rated securities, 25%-35% in investment-grade corporates, 40%-50% in securitized debt, and 15%-35% in Treasuries as of late 2024; it emphasizes positively convex structures for stability across yield environments and employs bottom-up, value-driven security selection supported by proprietary models and sector specialists. Managed within J.P. Morgan Asset Management, a division of JPMorgan Chase & Co., the fund operates in the intermediate core bond segment, targeting institutional and qualified investors with a $1 million minimum initial investment for Class I shares; it is headquartered in New York, New York, with the broader strategy tracing origins to May 1, 1992, and assets under management reaching $51.89 billion as of September 30, 2025. Recent portfolio adjustments include an increased allocation to securitized sectors (46.8% as of year-end 2024, up 5 percentage points from two years prior) in favor of relative value over Treasuries, alongside duration extensions in 2023 anticipating economic weakness; key team changes featured the addition of comanagers Andy Melchiorre (securitized specialist) and Edward Fitzpatrick (rates expert) in May 2023 following Steve Lear's retirement announcement, enhancing the six generalist managers averaging over two decades of experience led by Rick Figuly (since 2015) and Justin Rucker (since 2019). The fund earned a Silver Morningstar Medalist Rating as of March 11, 2025, reflecting strong People, Process, and Parent pillars, with consistent outperformance versus the category median and benchmark through February 2025, including a 2.3% return in 2024 driven by agency MBS and ABS selection.