A sound investment process and strong management team underpin JPMorgan Strategic Income Opports R5's Morningstar Quantitative Rating of Silver. The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.
The strategy's effective investment philosophy supports an Above Average Process Pillar rating. Independent of the rating, analysis of the strategy's portfolio shows it has maintained a significant underweight position in BB rated bonds and debt with seven- to 10-year maturities compared with category peers. The management team's large personal investment in the strategy helps it earn an Above Average People Pillar rating. The strategy is part of a first-rate parent, as shown by a high lineup success ratio and overall reasonable fees. These attributes support its Above Average Parent Pillar rating.