JPMorgan Global Bond Fund
JPMorgan Global Bond Fund is an international fixed interest managed fund from JPMorgan with a fund size of NZ$113.9 million and an annual fund charge of 0.47%, as shown on Sorted Smart Investor on 22 May 2026; its 1-year return after fees and tax was 0.95% for the year to 31 March 2026, per its quarterly fund update filed on FMA Disclose.
Managed by JPMorganFund data last refreshed · holdings as filed to 31/03/2026
JPMorgan Global Bond Fund is a international fi managed fund operated by JPMorgan; PIE-structured; FMA risk indicator 3/7. Headline terms: annual fund charge 0.47% · minimum investment NZ$5,000 · distributions quarterly. Compared with 30 other same-category funds on this site, the 0.47% annual fund charge sits below the same-category median of 0.71%.
PIE tax treatment — capped at your PIR (max 28%)
This fund is a Portfolio Investment Entity (PIE) under Subpart HM of the Income Tax Act 2007. Income is taxed at your Prescribed Investor Rate (10.5% / 17.5% / 28%), not your marginal income-tax rate. The fund manager calculates and pays the tax on your behalf — when your PIR is correct, you usually don't need to declare PIE income in your annual tax return. See ourPIR guideandPIE tax basicsfor the full picture, or use thePIR calculatorto confirm your rate.
Annual fund charge
0.47%
vs peer avg 0.65%
Risk indicator
4/7
1 = lower risk · 7 = higher risk
5-year return p.a.
Less than 5 years of data
peer avg 1.17%
Fund size
NZ$113.9m
0% growth · 100% income
The Fund aims to achieve a gross return in excess of its benchmark by gaining exposure primarily to global investment grade debt securities, using derivatives where appropriate. The benchmark of the Fund is the Bloomberg Global Aggregate Index (Total Return Gross) hedged to NZD.
How JPMorgan Global Bond Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Benchmark
- Bloomberg Global Aggregate Index (Total Return Gross) hedged to NZD
- Top 3 holdings
- US TREASURY N/B 3.5 31 OCT 2027 (9.3%) · JPM USD Liquidity LVNAV X (dist.) (5.7%) · US TREASURY N/B 3.375 29 FEB 2028 (5.6%)
Key facts
Fund start date
7 March 2025
Min. investment
NZ$5,000
Subsequent: NZ$500
Distributions
Quarterly
Tax structure
PIE
Capped at your PIR (max 28%)
Investment policy
From the Statement of Investment Policy and Objectives (SIPO).
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| International fixed interest | 100% | 95% | 105% |
| Cash and cash equivalents | — | -5% | 5% |
Responsible-investment approach
JPMorgan uses an 'ESG Promote' approach in the Underlying Fund. Further information is available in the Underlying Fund's current prospectus and JPMorgan's exclusion policy and 'Approach to EU MiFID Sustainability Preferences'.
Derivatives policy
The Fund may use financial derivative instruments limited to forward foreign exchange transactions (including non-deliverable forward foreign exchange transactions) and currency hedging instruments. Derivatives will be used to achieve fund objectives.
Reading between the lines
Plain-English summary of the scheme's disclosed conflicts and performance-fee mechanics, drawn from the OMI and PDS. Factual restatement — no opinion.
- FundRock NZ acknowledges that the Investment Manager, Management Company, Underlying Fund manager, and depositary are all JPMorgan Group entities, meaning no party involved in running the fund is independent.
- FundRock NZ discloses that its parent, Apex Group Limited, also owns the fund's administration manager Apex NZ, which may result in commercial terms favouring Apex NZ at investors' expense.
- FundRock NZ confirms the JPMorgan Group depositary also provides administrative services and delegates safekeeping duties, creating layered conflicts of interest within the same corporate group.
- No performance-fee mechanic is disclosed in the provided OMI extracts; investors should verify the PDS fee schedule for any additional cost structures.
Generated 2026-05-28 from JPMorgan Funds OMI (dated 2026-03-27). The verbatim disclosures appear in full below — this summary is a navigation aid, not a substitute.
Scheme disclosures
From the Other Material Information (OMI) document. Scheme-level — applies to every fund in this scheme.
Trustee / Supervisor
Public Trust
Auditor
PricewaterhouseCoopers
Custodian
BNP Paribas Fund Services Australasia Pty Limited
Conflicts disclosed
5
In OMI
Conflicts of interest disclosed in OMI
- The Investment Manager, Management Company, Underlying Fund, investment manager of the Underlying Fund and depositary of the Underlying Fund are all part of the JPMorgan Group and are not independent third parties, creating potential conflicts in providing services and products that may disadvantage or restrict the Fund and/or Underlying Fund.
- The depositary of the Underlying Fund (part of JPMorgan Group) provides administrative services to the Underlying Fund as the Management Company's agent, giving rise to potential conflicts of interest.
- Potential conflicts of interest may arise between the depositary and any delegates or sub-delegates it has appointed to perform safekeeping and related services.
- FundRock NZ Limited and the Scheme's administration manager Apex Investment Administration (NZ) Limited are ultimately owned by Apex Group Limited, which may influence FundRock to agree commercial terms with Apex NZ that are more favourable to Apex NZ than would otherwise be the case, benefiting Apex NZ at the expense of investors.
- Parties related to the Fund, including staff of the Investment Manager and their families, and staff of FundRock and their families, may from time to time invest in the Fund.
How this fund compares to peers
Mechanical comparison vs the 31 other international fi funds in our cohort. Source: FMA Disclose register via Sorted Smart Investor. Past performance is not a reliable indicator of future returns.
JPMorgan Global Bond Fund: 0.47% per annum. International FI median across 31 funds:0.70%. This fund is 0.23 percentage points below the category median.
Annual fund charge
0.47%
Category median: 0.70%
Cheaper than 69% of peers
Fund size
NZ$113.9m
Category median: NZ$141.0m
40th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$233
Compounded charge over 5 years (excl. returns)
$112 less than peer median
Read the full fee-vs-peers breakdown →
Mechanical scores only — no opinion or recommendation. Different funds suit different investor goals. ManagedFundsNZ is not a Financial Advice Provider. Read the current PDS and consider speaking to a licensed financial adviser.
Complete portfolio
This fund files 285 holdings with the FMA as at 31/03/2026. The largest 25 are shown.
Top 10 concentration: 0.9% of net assets.
Direct disclosed holdings only — a floor on exposure, not a total. Filings list wrappers and securities together, so a fund holding another fund shows no look-through here. Disclosed rows account for 8.0% of net assets. Percentages are of this fund's net assets and are safe to sum within this fund only.
| Holding | % of fund | |
|---|---|---|
| LLOYDS BANKING GROUP PLC FRN 31 DEC 2049 | 0.09% | |
| ANGLO AMERICAN CAPITAL PLC 5.75 05 APR 2034 144A | 0.09% | |
| BUNDESREPUB. DEUTSCHLAND 2.9 15 AUG 2056 REGS | 0.09% | |
| CHARTER COMMUNICATIONS OPERATI 2.25 15 JAN 2029 | 0.09% | |
| CAIXABANK SA FRN 20 JAN 2037 REGS | 0.09% | |
| FN CB4639 6.0 01 SEP 2052 | 0.09% | |
| PERIAMA HOLDINGS LLC/DE 5.95 19 APR 2026 REGS | 0.09% | |
| OTP BANK NYRT FRN 30 JUL 2035 REGS | 0.09% | |
| CAIXABANK SA FRN 15 JUN 2035 144A | 0.08% | |
| SMI 2022-1X 2A FRN 21 JAN 2070 REGS | 0.08% | |
| HSBC HOLDINGS PLC FRN 19 NOV 2028 | 0.08% | |
| CAS 2026-R01 2M2 FRN 25 JAN 2046 144A | 0.08% | |
| ELECTRICITE DE FRANCE SA FRN 30 APR 2076 REGS | 0.08% | |
| MORGAN STANLEY FRN 15 JAN 2031 | 0.08% | |
| REPUBLIC OF ECUADOR 8.75 29 JAN 2034 REGS | 0.08% | |
| JERSEY CENTRAL POWER & LIGHT C 2.75 01 MAR 2032 144A | 0.08% | |
| ALSTOM SA FRN 30 APR 2076 REGS | 0.08% | |
| VISTRA OPERATIONS CO LLC 6.0 15 APR 2034 144A | 0.08% | |
| UNIBAIL-RODAMCO-WESTFIELD SE FRN 30 APR 2076 REGS | 0.08% | |
| CITIGROUP INC FRN 13 FEB 2030 | 0.08% | |
| BNP PARIBAS SA FRN 31 DEC 2049 144A | 0.08% | |
| BANKINTER SA FRN 03 NOV 2033 REGS | 0.08% | |
| PG&E CORP FRN 15 SEP 2056 | 0.08% | |
| SOLVENTUM CORP 5.45 13 MAR 2031 | 0.08% | |
| MARS INC 5.2 01 MAR 2035 144A | 0.08% |
Every NZ managed fund must file its complete portfolio with the FMA each quarter. Where a line is itself a fund, trust or ETF, the securities inside it are not broken out here.
Top 10 holdings
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
UTUS TREASURY N/B 3.5 31 OCT 2027 | 9.35% |
JUJPM USD Liquidity LVNAV X (dist.) | 5.65% |
UTUS TREASURY N/B 3.375 29 FEB 2028 | 5.62% |
TBTREASURY BILL DSC 23 JUN 2026 | 4.10% |
UTUS TREASURY N/B 3.625 31 OCT 2030 | 3.46% |
B2BUNDESSCHATZANWEISUNGEN 2.0 16 DEC 2027 REGS | 3.40% |
B2BUNDESOBLIGATION 2.2 10 OCT 2030 REGS | 3.04% |
UTUS TREASURY N/B 3.875 30 JUN 2030 | 1.88% |
BDBUNDESREPUB. DEUTSCHLAND 2.6 15 AUG 2035 REGS | 1.87% |
BPBUONI POLIENNALI DEL TES 4.3 01 OCT 2054 REGS | 1.78% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- JPMORGAN GLOBAL BOND FUND (FND55714) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 0.34 KB
- 20260401 JP Morgan Funds PDS.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 335.21 KB
- 20260331 JP Morgan Global Bond QFU.pdf The quarterly update published by the provider PDF, 447.00 KB
- 20260401 JP Morgan Funds OMI.pdf Other material information PDF, 351.61 KB
- 20260401 JP Morgan Funds SIPO.pdf Statement of investment policy and objectives PDF, 384.05 KB
About this category
Funds investing in fixed-income securities issued outside New Zealand, typically with currency hedging back to NZD.
About JPMorgan
Global asset manager with a Global Bond PIE fund distributed in NZ.
JPMorgan has 1 retail fund in our coverage across International FI strategies.
Based in New York.
Common questions
Questions people ask about JPMorgan Global Bond Fund
Questions that recur in search results for this fund, answered from its filed PDS, Fund Update and FMA Disclose record. How the question set was captured is documented in our methodology. Not personal financial advice — for guidance specific to your situation, consult a licensed financial adviser.
Is a global bond fund a good investment?
Whether a global bond fund suits your situation depends on your investment timeframe, income needs, and risk tolerance. The JPMorgan Global Bond Fund is classified as Risk Indicator 4/7 on the FMA standardised scale, reflecting moderate interest-rate and credit risk typical of international fixed-income portfolios; you should review the current Product Disclosure Statement to understand these risks before investing.
What is the average return on a bond fund?
Bond fund returns vary significantly based on interest rates, credit conditions, and currency movements. Historical returns for this or any fund are available on the FMA Disclose Register at https://disclose-register.companiesoffice.govt.nz/ and in the fund's quarterly updates; the IRD website provides guidance on how returns are taxed under the PIE framework.
Head-to-head
Compare JPMorgan Global Bond Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other International FI funds
FMA risk band
Same risk band (3/7)
See every NZ retail managed fund with the same standardised FMA risk indicator. Useful for peer-checking volatility-comparable funds outside this category.
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Frequently asked questions
Mechanical Q&A grounded in the fund's PDS, SIPO, and latest QFU on the FMA Disclose register. Verify against the source before relying on any of this.
Who manages the JPMorgan Global Bond Fund?
JPMorgan Global Bond Fund is managed by JPMorgan. Global asset manager with a Global Bond PIE fund distributed in NZ.
What asset class is the JPMorgan Global Bond Fund?
It is a international fi managed fund. The fund has a conservative risk profile. Funds investing in fixed-income securities issued outside New Zealand, typically with currency hedging back to NZD.
What are the fees for the JPMorgan Global Bond Fund?
The annual fund charge for the JPMorgan Global Bond Fund is 0.47% p.a., as reported in the latest Quarterly Fund Update sourced from the FMA Disclose register. Always check the current PDS for any additional fees.
What is the risk indicator for the JPMorgan Global Bond Fund?
The risk indicator is 4/7 on the standardised FMA-mandated scale, where 1 is lower risk and 7 is higher risk. The risk indicator is calculated from the fund's price volatility over the past five years and is published in every Quarterly Fund Update.
Is the JPMorgan Global Bond Fund a PIE fund?
Yes. The JPMorgan Global Bond Fund is structured as a New Zealand Portfolio Investment Entity (PIE). Investor tax on the fund's income is capped at the investor's Prescribed Investor Rate (PIR), which has a maximum of 28%. Most NZ-resident retail investors with a taxable income at or below NZ$48,000 qualify for a lower PIR.
How big is the JPMorgan Global Bond Fund?
Fund size (assets under management) is NZ$114 million as at the latest Quarterly Fund Update. Asset mix is approximately 0% growth assets and 100% income assets.
What does the JPMorgan Global Bond Fund invest in?
The latest published top holdings are: US TREASURY N/B 3.5 31 OCT 2027 (9.35%), JPM USD Liquidity LVNAV X (dist.) (5.65%), US TREASURY N/B 3.375 29 FEB 2028 (5.62%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
How can I invest in the JPMorgan Global Bond Fund?
The JPMorgan Global Bond Fund is available via JPMorgan directly. Always read the current Product Disclosure Statement before investing.
Is a global bond fund a good investment?
Whether a global bond fund suits your situation depends on your investment timeframe, income needs, and risk tolerance. The JPMorgan Global Bond Fund is classified as Risk Indicator 4/7 on the FMA standardised scale, reflecting moderate interest-rate and credit risk typical of international fixed-income portfolios; you should review the current Product Disclosure Statement to understand these risks before investing.
What is the average return on a bond fund?
Bond fund returns vary significantly based on interest rates, credit conditions, and currency movements. Historical returns for this or any fund are available on the FMA Disclose Register at https://disclose-register.companiesoffice.govt.nz/ and in the fund's quarterly updates; the IRD website provides guidance on how returns are taxed under the PIE framework.