JP Morgan Strategic Income Opportunities R5 Fund (JSORX)

Quick Facts

Ticker:	JSORX
Inception Date:	10/10/2008
Morningstar Category:	Nontraditional Bond
Total Net Assets (mil):	$9,640.06

Investment Strategy

What's this?
The investment seeks to provide high total return. The fund has an absolute return orientation which means that it is not managed relative to an index. It has flexibility to allocate its assets among a broad range of fixed income securities and derivatives as well as in a single or limited number of strategies/sectors including cash, money market instruments and short-term investments. The fund may invest up to 100% of its total assets in securities that are rated below investment grade or the unrated equivalent.

Morningstar Style Box™

as of 02/29/2024

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Overall Morningstar Star Rating™

as of 03/31/2024

What's this?

Out of 278 Nontraditional Bond Funds

StarRating

Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.

Total Returns

Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.

In situations where the net and gross total investment expense figures are different, the mutual fund or the underlying fund in which a Separate Account invests has waived/capped a portion of its management fees through the date displayed in the waiver expiration date or contractual cap expiration date column. Differences may also be shown due to the fund family choosing to pay certain expenses that would normally be payable by the fund. Returns displayed are based on net total investment expense.

Month-End | Quarter-End

Average Annual Total Returns as of 03/31/2024

	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception*
Total Return %	0.43	1.39	1.39	5.96	2.64	2.37	2.51	4.23
ICE BofA U.S. LIBOR 3 Month Index %	0.46	1.34	1.34	5.36	2.58	2.15	1.57	---
Nontraditional Bond Category %	1.03	1.62	1.62	6.95	0.96	2.36	2.21	---
Morningstar Percentile Rankings**	---	---	---	61	23	54	37	---
# of Funds in Category	309	308	308	305	278	250	161	---

* Inception Date: 10/10/2008

**Morningstar percentile rankings are based on total returns.

Expenses

as of 03/31/2024

Total Investment Expense - Gross:	0.77%
Total Investment Expense - Net:	0.60%
Waiver Date:	06/30/2024
Total Investment Expense Gross Per $1,000 Invested:	$7.70

Inv Manager or Sub-Advisor

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JP Morgan Investment Mgmt Inc.

Portfolio Managers

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William H. Eigen , CFA
Since 10/10/2008
B.A. , University of Rhode Island

Jarred A. Sherman , CFA
Since 03/23/2009
B.A. , University of Pennsylvania

Jeffrey Wheeler
Since 10/31/2015

� 2024 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Returns shown for periods of less than one year are not annualized.

Insurance products and plan administrative services, if applicable, are provided by Principal Life Insurance Company. Securities are offered through Principal Securities, Inc., 800-547-7754, member SIPC and/or independent broker/dealers. Securities sold by a Principal Securities Registered Representative are offered through Principal Securities. Principal Securities and Principal Life are members of the Principal Financial Group�, Des Moines, IA 50392. Certain investment options may not be available in all states or U.S. commonwealths.

Investors should carefully consider a mutual fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting principal.com, or calling 1-800-547-7754. Read the prospectus carefully before investing.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

Fees and expenses are only one of several factors that participants and beneficiaries should consider when making investment decisions. The cumulative effect of fees and expenses can substantially reduce the growth of a participant's or beneficiary's retirement account. Participants and beneficiaries can visit the Employee Benefit Security Administration's website for an example demonstrating the long-term effect of fees and expenses.

ICE BofA U.S. LIBOR 3 Month Index is an average of the interest rate for U.S. dollar deposits, known as Eurodollars, of a stated maturity. LIBOR is an abbreviation for the London Interbank Offered Rate.

Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Neither the principal of bond investment options nor their yields are guaranteed by the U.S. government.