Fund Evaluator:
JPMorgan Core Bond I (WOBDX)
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Fund Details
JPMorgan Core Bond I Overview
JPMorgan Core Bond I (WOBDX) is an actively managed Taxable Bond Intermediate Core Bond fund. JPMorgan launched the fund in 1991.
The investment seeks to maximize total return by investing primarily in a diversified portfolio of intermediate- and long-term debt securities. The fund is designed to maximize total return by investing in a portfolio of investment grade intermediate- and long-term debt securities. The fund may principally invest in corporate bonds, U.S. treasury obligations including treasury coupon strips and treasury principal strips, and other U.S. government and agency securities, and asset-backed, mortgage-related and mortgage-backed securities. Its average weighted maturity will ordinarily range between 4 and 12 years.
About JPMorgan Core Bond I (WOBDX)
There are 4 members of the management team with an average tenure of 6.15 years: Edward Fitzpatrick (2023), Richard Figuly (2015), Andrew Melchiorre (2023), Justin Rucker (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. JPMorgan Core Bond I has 3440 securities in its portfolio. The top 10 holdings constitute 12.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
JPMorgan Core Bond I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. JPMorgan Core Bond I has 10.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.0% (87.7% domestic bond, 10.2% foreign bond and 0.0% convertible bond). JPMorgan Core Bond I has 2.1% of the portfolio in cash.
Assets Under Management
The fund has $22 billion in total assets, which is above the $3 billion average for the Intermediate Core Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
WOBDX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The JPMorgan Core Bond I expense ratio is average compared to funds in the Intermediate Core Bond category. JPMorgan Core Bond I has an expense ratio of 0.45%, which is 21% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. JPMorgan Core Bond I has a portfolio turnover rate of 33%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 151% for the Intermediate Core Bond category.
Recently, in the month of July 2026, JPMorgan Core Bond I returned -1.3%, which earned it a grade of B, as the Intermediate Core Bond category had an average return of -1.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
JPMorgan Core Bond I has a trailing yield of 4.18%, which is above the 4.04% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
JPMorgan Core Bond I Grades
Year to date, the fund has returned -0.6%, 0.1 percentage points better than the category, which translates into a grade of B. The fund has returned 2.6% over the past year (grade of B), 3.9% over the past three years (grade of B) and -0.0% per year over the past five years (grade of A) and 1.6% per year over the past 10 years (grade of B).
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WOBDX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| WOBDX Return (NAV) | -1.3% | -0.8% | 2.6% | 3.9% | -0.0% | 1.6% |
| WOBDX Grade | B | C | B | B | A | B |
| +/- Category | 0.0% | 0.0% | 0.1% | 0.2% | 0.4% | 0.3% |
| Intermediate Core Bond Avg | -1.3% | -0.8% | 2.5% | 3.7% | -0.5% | 1.4% |
| WOBDX Tax Cost Ratio | na | na | 1.7% | 1.6% | 1.4% | 1.3% |
WOBDX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WOBDX Return (NAV) | -0.6% | 7.4% | 2.0% | 5.8% | -12.3% | -1.1% | 8.1% | 8.3% | 0.2% | 3.8% | 2.3% |
| WOBDX Grade | B | B | B | C | A | B | C | C | A | B | D |
| +/- Category | 0.1% | 0.3% | 0.4% | 0.2% | 0.8% | 0.3% | 0.0% | -0.1% | 0.6% | 0.2% | -0.5% |
| Intermediate Core Bond Avg | -0.7% | 7.0% | 1.6% | 5.6% | -13.2% | -1.5% | 8.1% | 8.5% | -0.4% | 3.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 5.5% |
| Total Risk Index: | 0.45 - Low |
| Category Risk Index: | 0.99 - Below Average |
| Category Risk Grade: | B (29% Rank) |
| Beta: | 0.98 |
| R-Squared: | 99% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 4.2% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $52234 Mil |
| Fund Total Assets: | $22,405 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 33% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 10.9 years | |||
| Average Tenure: 6.2 years | |||
| Managers (Year): Figuly Richard (2015), Rucker Justin (2019), Fitzpatrick Edward (2023), Melchiorre Andrew (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 3440 |
| % in Top 10 Holdings: | 12.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 10.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 87.7% |
| Foreign Bond: | 10.2% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.1% |
Purchase Information
| Fund Family: | JPMorgan |
| Phone Number: | 800-480-4111 |
| Website: | www.jpmorganfunds.com |
| Status: | Open |
| Inception Date: | May 31, 1991 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.45% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.57% |
| Share Class: | JPMorgan Core Bond I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
