Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers J > Headlines for JPMorgan Emerging Markets Local Currency Debt Fund > News item |
JPMorgan Emerging Markets Local Currency fund offers six share classes
By Toni Weeks
San Diego, June 25 - The JPMorgan Emerging Markets Local Currency Debt Fund has launched with six share classes, JPMorgan Trust I said in a 497K filing with the Securities and Exchange Commission.
The fund offers class A, class C, select class, class R2, class R5 and class R6 shares. The shares trade under the symbols JECAX, JECCX, JECSX, JECZX, JECRX and JECUX, respectively. Prospect News announced last Thursday that the fund would offer class A, class C and select class shares.
As previously reported, the fund seeks to provide total return by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in debt securities of issuers located in or tied economically to emerging markets and denominated in emerging markets currencies as well as in derivatives or other instruments that are used as substitutes for local currency debt securities.
The fund may invest all or substantially all of its assets in sovereign debt securities and may invest, to a lesser extent, in debt securities issued or guaranteed by foreign corporations and foreign financial institutions.
Pierre-Yves Bareau and Didier Lambert are the portfolio managers.
Class A shares will be subject to a 3.75% maximum sales charge, and class C shares will incur a 1% maximum deferred sales charge.
Management fees will be 0.7% for each share class. A fee waiver agreement between the fund and its service providers will limit total annual fund operating expenses to 1.25% for class A, 1.75% for class C, 1% for select class, 1.5% for class R2, 0.8% for class R5 and 0.75% for class R6 shares.
New York-based J.P. Morgan Investment Management Inc. is the fund's investment adviser.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.