For Individual Investors in the US

JUCDX Absolute Return Income Opportunities Fund

An absolute return strategy that takes advantage of flexibility to express high-conviction active views through a macro lens

NAV
$8.64
As of Aug 11, 2022

1-Day Change
$0.01 (0.12%)
As of Aug 11, 2022

YTD Return
-2.10%
As of Aug 11, 2022

Overview

ABOUT THIS FUND

This benchmark-agnostic fund has the flexibility to invest across global fixed income markets. The Fund has latitude to act on high-conviction ideas and seeks to achieve positive absolute returns in a variety of market environments.

WHY INVEST IN THE PORTFOLIO

Experienced Investors
The investment team focuses on managing strategies with absolute return targets and an emphasis on capital preservation. The team has managed unconstrained, absolute return portfolios through marked periods of extreme volatility and stress.

Investment Flexibility
The Fund invests broadly across global fixed income markets and is not constrained by benchmark-specific guidelines. This latitude allows us to fully express our high-conviction, active views and potentially avoid benchmark biases.

Uncorrelated Sources of Return
This bond fund seeks to provide positive long-term returns through a combination of top-down and bottom-up investing. The result is a predominantly investment grade, absolute return-oriented global credit portfolio that is intended to provide diversification from traditional and non-traditional asset classes.

PORTFOLIO MANAGEMENT

Jason England

Portfolio Manager

Industry since 1994. Joined Firm in 2017.

Daniel Siluk

Portfolio Manager

Industry since 2004. Joined Firm in 2015.

Dylan Bourke, CFA

Portfolio Manager

Industry since 2008. Joined Firm in 2015.

Performance

RETURNS (%) (As of Jun 30, 2022)
Absolute Return Income Opportunities Fund - Class D Shares FTSE 3-Month Treasury Bill Index
 
3M YTD 1YR 3YR 5YR Since Inception
(05/27/2014)
Absolute Return Income Opportunities Fund - Class D Shares -1.55 -3.10 -3.57 0.51 -0.10 0.48
FTSE 3-Month Treasury Bill Index 0.14 0.17 0.19 0.61 1.09 0.75
RETURNS (%) (As of Jul 31, 2022)
Absolute Return Income Opportunities Fund - Class D Shares FTSE 3-Month Treasury Bill Index
 
3M YTD 1YR 3YR 5YR Since Inception
(05/27/2014)
Absolute Return Income Opportunities Fund - Class D Shares -0.15 -2.28 -2.76 0.69 -0.01 0.58
FTSE 3-Month Treasury Bill Index 0.22 0.28 0.29 0.58 1.09 0.75
Calendar Year Returns (%)
Absolute Return Income Opportunities Fund - Class D Shares FTSE 3-Month Treasury Bill Index
2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Absolute Return Income Opportunities Fund - Class D Shares -0.48 3.49 3.38 -4.04 2.20 4.91 -0.59 0.00 0.00 0.00
FTSE 3-Month Treasury Bill Index 0.05 0.58 2.25 1.86 0.84 0.27 0.03 0.03
GROWTH OF A HYPOTHETICAL INVESTMENT
ANNUAL FEES & EXPENSES (As of Fiscal Year End, Jun 30, 2021)
CLASS D SHARES
Management Fees 0.65%
Other Expenses 0.44%
Total Gross Expenses 1.09%
Waivers -0.32%
Total Net Expenses 0.77%

Portfolio

Index represents the FTSE 3-Month Treasury Bill Index.

Top Holdings (As of Feb 28, 2021)
Volkswagen Financial Services Australia Pty Ltd (Long), 3.30%, 02/28/22
La Trobe Financial Capital Markets Trust 2017-2 (Long), 1.91%, 01/12/49
Lloyds Banking Group PLC (Long), 3.90%, 11/23/23
Sinopec Capital 2013 Ltd (Long), 3.12%, 04/24/23
RedZed Trust Series 2018-1 (Long), 2.41%, 03/09/50
Westpac Banking Corp (Long), 4.50%, 03/11/27
CNOOC Curtis Funding No 1 Pty Ltd (Long), 4.50%, 10/03/23
Hyundai Capital America (Long), 1.17%, 07/08/21
Australia & New Zealand Banking Group Ltd (Long), 2.95%, 07/22/30
Liberty Series 2018-1 SME (Long), 2.36%, 07/10/50
View Full Holdings
Portfolio Characteristics (As of Feb 28, 2021)
 
Number of Holdings
Debt Issues
70
Portfolio Turnover Rate
(1-year trailing)
-
Weighted Average Maturity
(years)
2.36
Effective Duration
(years)
-
Sector Allocation % OF FUND % OF FUND (As of Feb 28, 2021)
Regional Allocation % OF FUND % OF FUND (As of February 28, 2021)
Developed vs Emerging Markets % OF FUND % OF FUND (As of February 28, 2021)
Maturity Breakdown of Fixed Income Holdings % OF FUND % OF FUND (As of Feb 28, 2021)
Credit Quality of Fixed Income Holdings % OF FUND % OF FUND (As of January 31, 2021)

Documents