1 / 5 Stars
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Zacks Investment Research
Standard & Poor's
U.S. News evaluated 22 Multicurrency Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -2.36 percent over the past year, 0.47 percent over the past three years, and 3.62 percent over the past five years.
|Trailing Returns||Updated 11.30.2013|
|Year to date||-2.5%|
|3 Years (Annualized)||0.5%|
|5 Years (Annualized)||3.6%|
|10 Years (Annualized)||N/A|
The investment seeks to provide a high total return primarily from a portfolio of fixed income and other debt securities denominated in foreign currencies. The fund will invest at least 80% of its assets in fixed income and other debt securities denominated in foreign currencies, or instruments that have similar economic characteristics. It invests primarily in securities that are rated investment grade or unrated securities of quality deemed comparable by the adviser. At least 75% of the securities will be rated AAA or better or the unrated equivalent. The fund may invest up to 10% of assets in below investment grade securities. It is non-diversified.
Fees are High compared to funds in the same category.
JPMorgan International Currency Income has an expense ratio of 1.51 percent.
Risk is Average compared to funds in the same category according to Morningstar.