# JPMorgan Global Bond Fund

> Mechanical fund record. Sourced from the FMA Disclose register. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings.

- **Manager:** JPMorgan (JPMorgan Asset Management)
- **Asset class:** International Fixed Interest
- **Risk profile:** conservative
- **Structure:** NZ Portfolio Investment Entity (PIE) — investor tax capped at PIR (max 28%)
- **Confidence tier:** C (Sorted Smart Investor → FMA Disclose)
- **Last verified:** 2026-05-22

## Summary

The JPMorgan Global Bond Fund is a international fi managed fund run by JPMorgan. Global asset manager with a Global Bond PIE fund distributed in NZ.

## Investment objective (from PDS)

> 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.

Source: Product Disclosure Statement dated 2026-03-27 (Tier A, lodged on FMA Disclose register). https://smartinvestor.sorted.org.nz/disclose-document/9e6fedbc4a12e046/20260401---JP-Morgan-Funds---PDS.pdf

## Fund data

- **Annual fund charge:** 0.47% p.a. (from the latest Quarterly Fund Update)
- **Risk indicator:** 4/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk)
- **Fund size (AUM):** NZ$114 million
- **Asset mix:** 0% growth assets · 100% income assets
- **Fund started:** 7 March 2025
- **Minimum initial investment:** NZ$5,000

## Top 10 holdings

1. US TREASURY N/B 3.5 31 OCT 2027 — 9.35%
2. JPM USD Liquidity LVNAV X (dist.) — 5.65%
3. US TREASURY N/B 3.375 29 FEB 2028 — 5.62%
4. TREASURY BILL DSC 23 JUN 2026 — 4.10%
5. US TREASURY N/B 3.625 31 OCT 2030 — 3.46%
6. BUNDESSCHATZANWEISUNGEN 2.0 16 DEC 2027 REGS — 3.40%
7. BUNDESOBLIGATION 2.2 10 OCT 2030 REGS — 3.04%
8. US TREASURY N/B 3.875 30 JUN 2030 — 1.88%
9. BUNDESREPUB. DEUTSCHLAND 2.6 15 AUG 2035 REGS — 1.87%
10. BUONI POLIENNALI DEL TES 4.3 01 OCT 2054 REGS — 1.78%

Holdings are disclosed in every Quarterly Fund Update; the full portfolio holdings file is available via the FMA Disclose register.

## Additional terms (from PDS)

- **Minimum subsequent investment:** NZ$500
- **Distribution cadence:** quarterly

## Investment policy (from 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.

Source: Statement of Investment Policy and Objectives dated 2026-03-27. https://smartinvestor.sorted.org.nz/disclose-document/87c8f35454ff21e2/20260401---JP-Morgan-Funds---SIPO.pdf

## Scheme disclosures (from OMI)

Scheme-level. The same disclosures apply to every fund in this scheme.

- **Trustee / Supervisor:** Public Trust
- **Auditor:** PricewaterhouseCoopers
- **Custodian:** BNP Paribas Fund Services Australasia Pty Limited
- **Conflicts of interest disclosed in OMI:** 5

### Conflicts of interest (verbatim from 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.

### Related-party transactions

- **JPMorgan Asset Management (Australia) Limited** (Investment Manager; part of JPMorgan Group, which is also the distributor and counterparty to the Fund Hosting Agreement) — Investment management of Fund assets under Investment Management Agreement; distribution of the Fund
- **JPMorgan Asset Management (Europe) S.à.r.l.** (Management Company of the Underlying Fund; related entity of the Investment Manager and part of JPMorgan Group) — Management of the Underlying Fund (JPMorgan Funds - Aggregate Bond Fund) into which the Fund's assets are invested
- **JPMorgan Group (depositary of Underlying Fund)** (Part of JPMorgan Group; depositary of the Underlying Fund) — Administrative services to the Underlying Fund as the Management Company's agent; safekeeping and related services via delegates or sub-delegates
- **Apex Investment Administration (NZ) Limited** (Common ultimate ownership — both FundRock NZ Limited and Apex NZ are ultimately owned by Apex Group Limited) — Administration manager providing unit pricing, fund accounting and registry services

Source: Other Material Information document dated 2026-03-27. https://smartinvestor.sorted.org.nz/disclose-document/1bbad32dbf5ec0b0/20260401---JP-Morgan-Funds---OMI.pdf

## How to invest

Available via: JPMorgan directly. Read the current Product Disclosure Statement (PDS) before investing.

## Sources

- **FMA Disclose register** (primary): https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=JPMorgan%20Global%20Bond%20Fund
- **Product Disclosure Statement:** /disclose-document/9e6fedbc4a12e046/20260401---JP-Morgan-Funds---PDS.pdf
- **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13893/OFR13894/FND55714/
- **Manager website:** https://am.jpmorgan.com

## Citations (authoritative primary sources)

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/ (publisher: Financial Markets Authority, NZ)
- Inland Revenue — PIE / PIR rules — https://www.ird.govt.nz/roles/portfolio-investment-entities
- Financial Markets Conduct Act 2013 — https://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html
- Sorted Smart Investor (cross-validation only) — https://smartinvestor.sorted.org.nz/

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- **First published:** 2026-05-08
- **Last refreshed:** 2026-05-22
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ManagedFundsNZ is independent. We are not a Financial Advice Provider. This page is general information sourced from the FMA Disclose register; it is not personalised financial advice. Read the current PDS and consider talking to a licensed adviser before investing.