JPMorgan gives details for JPMorgan Short Duration High Yield Fund

By Toni Weeks

San Luis Obispo, Calif., March 22 - J.P. Morgan Income Funds announced the ticker symbols for its upcoming new high-yield fund, the JPMorgan Short Duration High Yield Fund.

The fund will launch with class A, class C, select class and R6 class shares. The ticker symbols are JSDHX, JSDCX, JSDSX and JSDRX, respectively.

According to an N-1A filing with the Securities and Exchange Commission, the fund will seek current income with a secondary objective of capital appreciation by investing at least 80% of its assets in all types of high-yield, high-risk debt securities. The fund seeks to maintain a duration of three years or less.

The portfolio managers will be William J. Morgan, Frederick A. Sabetta and James P. Shanahan Jr.

Shareholder fees will consist of a maximum sales charge of 2.25% for class A shares and a maximum deferred sales charge of 1% for class C shares.

Including management fees of 0.5% and a fee waiver and expense reimbursement agreement, total annual fund operating expenses are expected to be 0.91% for class A, 1.41% for class C, 0.66% for select class and 0.51% for class R6 shares.

New York-based J.P. Morgan Investment Management Inc. will serve as the fund's investment adviser.

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