{ "schemaVersion": "1.1", "canonicalUrl": "https://managedfunds.nz/funds/jpmorgan/global-bond/", "fetchedAt": "2026-05-31T11:33:04.047Z", "fund": { "slug": "global-bond", "name": "JPMorgan Global Bond Fund", "managerSlug": "jpmorgan", "category": "international-fixed-interest", "riskProfile": "conservative", "isPie": true, "isEtf": null, "ticker": null, "isHedged": null, "isResponsibleInvestment": null, "isThematic": null, "isFifNotPie": null, "shortDescription": null, "availableVia": [ "direct" ], "dataStatus": "pending-ingestion" }, "manager": { "slug": "jpmorgan", "name": "JPMorgan", "legalName": "JPMorgan Asset Management", "parent": null, "website": "https://am.jpmorgan.com", "hq": "New York" }, "category": { "slug": "international-fixed-interest", "name": "International Fixed Interest", "shortName": "International FI" }, "metrics": { "status": "ok", "matchScore": 3, "sortedFundName": "JPMORGAN GLOBAL BOND FUND", "sortedManager": "FUNDROCK NZ LIMITED fundrock.com", "sortedUrl": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13893/OFR13894/FND55714/", "fetchedAt": "2026-05-22T03:07:11.285Z", "source_doc": "sorted/SCH13893/OFR13894/FND55714", "source_doc_date": "2026-05-22", "source_doc_url": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13893/OFR13894/FND55714/", "source_tier": "C", "riskIndicator": 4, "annualFundChargePct": 0.47, "peerAvgFeePct": 0.65, "fiveYearReturnPct": null, "peerAvg5YearReturnPct": 1.17, "fiveYearReturnNote": "Less than 5 years of data", "growthAssetsPct": 0.07, "incomeAssetsPct": 99.93, "fundSizeNzd": 113856292, "pdsUrl": "/disclose-document/9e6fedbc4a12e046/20260401---JP-Morgan-Funds---PDS.pdf", "strategySummary": "“\n The Fund invests substantially all its assets in an underlying fund, which focuses on analysing fundamental, quantitative and technical factors across countries, sectors and issuers. 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Changes in tax, accounting, or securities laws could cause the value of a derivative to fall or could force the Underlying Fund to terminate a derivative position under disadvantageous circumstances." }, { "risk_name": "Below investment grade debt risk", "description": "Below investment grade debt securities are typically more volatile and less liquid than investment grade debt and have significantly greater risk of default. Credit downgrades are more likely than for investment grade bonds and can lead to more significant changes in value; below investment grade bonds are more sensitive to general economic news as issuers tend to be in weaker financial health." }, { "risk_name": "Government debt risk", "description": "Government debt securities, including those issued by local governments and government agencies, are subject to market risk, interest rate risk and credit risk. Governments may default on their sovereign debt and there is no bankruptcy proceeding by which sovereign debt on which a government has defaulted may be collected in whole or in part." }, { "risk_name": "Political risk", "description": "The value of the Underlying Fund's investments may be affected by uncertainties such as international political developments, civil conflicts and war, changes in government policies, changes in taxation, restrictions on foreign investment and currency repatriation, currency fluctuations and other developments in the laws and regulations of countries in which investment may be made." }, { "risk_name": "Market and economic risk", "description": "The value of securities in which the Underlying Fund invests changes continually and can fall based on a wide variety of factors; global economies are increasingly interconnected increasing the likelihood that events in one country adversely impact others, and global events such as war, terrorism, environmental disasters, natural disasters, country instability and infectious disease epidemics or pandemics may negatively affect the Underlying Fund's investments." }, { "risk_name": "Administration risk", "description": "This is the risk that instructions in relation to your investments in the Fund have not been accurately relayed or processed or that fraudulent instructions are acted upon. FundRock, the Investment Manager, and the Administration Manager will follow reasonable electronic instructions in good faith, but cannot always detect fraudulent instructions." }, { "risk_name": "Key person risk", "description": "This is the risk that key individuals are no longer able to fulfil their obligations in respect of the investment or administration of the Fund. FundRock aims to ensure that all staff are highly qualified and capable of mitigating individual key personnel risk and that it has sufficient resources to enable the Fund to continue unaffected should any member of the team be unable to fulfil their obligations." } ], "tax_disclosures": [ "The Fund has elected to be a Portfolio Investment Entity (PIE) and gains derived from the Fund will be taxed on an accruals basis following a determination from the IRD.", "Under the PIE regime, the Fund allocates taxable income to Investors and pays tax on allocated income on behalf of Investors with a PIR greater than zero, undertaking necessary adjustments to an Investor's interest to reflect tax paid at varying rates.", "Investors will not pay tax on distributions (if any) paid from the Fund.", "If an Investor does not provide their PIR to FundRock they will automatically be taxed at the maximum default rate of 28%.", "If the rate applied to an NZ tax resident individual's PIE income is lower than their correct PIR, they must pay any tax shortfall as part of the income tax year-end process; if higher, any over-withheld tax reduces income tax liability and any remainder is refunded.", "The Fund has elected to be a foreign investment variable-rate PIE; eligible foreign residents who provide a notified foreign investor (NFI) form are taxed at 0% on non-NZ sourced income and fully imputed dividends, 1.44% on NZ interest income, 15% (DTA) or 30% (no DTA) on unimputed NZ dividend income, and 28% on other NZ sourced income.", "The Fund must check annually that investors are still NFIs.", "Investors that are NZ tax resident trusts may elect a PIR of 0%, 17.5%, 28% or in limited circumstances 10.5%; unless 28% applies, PIE income and credits must be included in the trust's income tax return with a credit claimed for PIE tax paid.", "Other non-individual NZ resident investors with a PIR of 0% must include PIE income and credits in their own income tax returns.", "The Commissioner of Inland Revenue can require FundRock to disregard a PIR notified by an Investor if considered incorrect, and the Commissioner's specified rate will then apply.", "Taxable income is attributed annually to 31 March, or at any time an Investor withdraws all or part of their investment from the Fund.", "If there is a tax loss or excess tax credits for a period, these are generally available to Investors with a PIR other than 0% as a rebate, either reinvested by purchasing Units or included in net proceeds on full withdrawal.", "Investors are liable to meet any tax liability attributable to them which exceeds the value of their investment in the Fund, indemnifying the Supervisor for the difference." ], "trustee_supervisor": "Public Trust", "auditor": "PricewaterhouseCoopers", "custodian": "BNP Paribas Fund Services Australasia Pty Limited", "source_paragraphs": [ "Both we, and the Scheme's administration manager, Apex Investment Administration (NZ) Limited, are ultimately owned by Apex Group Limited. This common ownership may influence us to agree commercial terms with Apex NZ that are more favourable to Apex NZ than would otherwise be the case.", "The Investment Manager intends to invest the assets of the Fund into a New Zealand dollar hedged share class of JPMorgan Funds - Aggregate Bond Fund (", "Underlying Fund", ")", "a sub-fund of a separate Luxembourg registered UCITS fund", "also known as JPMorgan Funds.", "We may waive or decrease the Annual Fund Charges without notice. Subject to any maximum amount in the PDS we may increase the management fee or, provided that any such fee is permitted, we may charge an additional fee not currently being charged by giving you at least three months' notice." ], "_match": { "schemeId": "SCH13893", "ourFundName": "JPMORGAN GLOBAL BOND FUND", "scope": "scheme-level" } }, "sources": { "fmaDisclose": "https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=JPMorgan%20Global%20Bond%20Fund", "sortedSmartInvestor": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13893/OFR13894/FND55714/", "productDisclosureStatement": "/disclose-document/9e6fedbc4a12e046/20260401---JP-Morgan-Funds---PDS.pdf", "pdsExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/9e6fedbc4a12e046/20260401---JP-Morgan-Funds---PDS.pdf", "sipoExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/87c8f35454ff21e2/20260401---JP-Morgan-Funds---SIPO.pdf", "omiExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/1bbad32dbf5ec0b0/20260401---JP-Morgan-Funds---OMI.pdf" }, "licence": { "reuse": "Citation with link-back to canonicalUrl required. No paid redistribution.", "contact": "hello@managedfunds.nz" } }