A range of flexible fixed income solutions

Jupiter Strategic Bond Fund

If inflationary pressures subside and recession takes hold, investments in bonds may benefit as that may trigger a fall in yields. As yields decline bond prices should rise as they move in inverse directions. Such an environment may be helpful for funds like the Jupiter Strategic Bond Fund. The investment management team for the fund currently supports a view of slowing inflation and lower growth in the coming months.

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Fund-specific risks

  • Interest Rate Risk – The Fund can invest in assets whose value is sensitive to
    changes in interest rates (for example bonds) meaning that the value of these investments may fluctuate significantly with movement in interest rates. e.g. the value of a bond tends to decrease when interest rates rise.
  • Pricing Risk – Price movements in financial assets mean the value of assets can fall as well as rise, with this risk typically amplified in more volatile market conditions.
  • Contingent convertible bonds – The Fund may invest in contingent convertible bonds. These instruments may experience material losses based on certain trigger events. Specifically these triggers may result in a partial or total loss of value, or the investments may be converted into equity, both of which are likely to entail significant losses.
  • Credit Risk – The issuer of a bond or a similar investment within the Fund may not pay income or repay capital to the Fund when due.
  • Derivative risk – the Fund may use derivatives to generate returns and/or to reduce costs and the overall risk of the Fund. Using derivatives can involve a higher level of risk. A small movement in the price of an underlying investment may result in a disproportionately large movement in the price of the derivative investment.
  • Counterparty Risk – the risk of losses due to the default of a counterparty e.g. on a derivatives contract or a custodian that is safeguarding the Fund’s assets.
  • Sub investment grade bonds – The Fund may invest a significant portion of its assets in securities which are those rated below investment grade by a credit rating agency. They are considered to have a greater risk of loss of capital or failing to meet their income payment obligations than higher rated investment grade bonds.

The fund may be subject to other risk factors, please see the Prospectus for further information.

An investment constitutes the acquisition of shares in the fund, not in the fund’s underlying assets. Please refer to the latest sales prospectus of the fund and to the Key Information Document (KID) (for investors in the EU) or Key Investor Information Document (KIID) (for investors in the UK), particularly to the fund’s investment objective and characteristics including those related to ESG (if applicable), before making any final investment decisions. These are available from the Document Library. We recommend you discuss any investment decisions with a financial adviser, particularly if you are unsure whether an investment is suitable. Jupiter is unable to provide investment advice.

 

Jupiter Global High Yield Bond

High yield bonds typically provide a higher income than bonds that are considered less likely to default on their principal payment. Reduced demand in the economy or a recession could expose such bonds to higher risks as the revenue of companies issuing such bonds may suffer. Investments in such bonds therefore call for thorough research, which means sifting through the profile of thousands of companies operating in a range of geographies and sectors. Selection of assets that are most likely to maximise profits and minimize losses is crucial. The Jupiter Global High Yield Bond aims to achieve income and capital gain over a medium to long term by investing in such bonds.

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Fund-specific risks

  • Investment risk – Market and exchange rate movements can cause the value of an investment to fall as well as rise, and you may get back less than originally invested, even if the share class is hedged against the main currency of the Fund.
  • High Yield bond risk – The Fund can invest a significant portion of the portfolio in high yield bonds and bonds which are not rated by a credit rating agency. While such bonds may offer a higher income, the interest paid on them and their capital value is at greater risk of not being repaid, particularly during periods of changing market conditions.
  • Interest rate risk – Bonds are very sensitive to interest rate changes and it is possible that issuers of bonds will not pay interest or return the capital promised. Bonds may also be downgraded by rating agencies. These events can reduce the value of bonds and have a negative impact on performance.
  • Liquidity risk – In difficult market conditions, reduced liquidity in bond markets may make it harder for the manager to sell assets at the quoted price. This could have a negative impact on the value of your investment. In extreme market conditions, certain assets may become hard to sell in a timely manner or at a fair price. This could affect the Fund’s ability to meet investors’ redemption requests upon demand.
  • Emerging Markets risk – Investment in emerging markets carries greater risk than investment in more traditional western markets. This may result in large falls in the Fund’s value over short periods of time.
  • Capital Erosion risk – All the share class charges are taken from income. Should there not be sufficient income charges will be taken from capital.

The fund may be subject to other risk factors, please see the Prospectus for further information.

An investment constitutes the acquisition of shares in the fund, not in the fund’s underlying assets. Please refer to the latest sales prospectus of the fund and to the Key Information Document (KID) (for investors in the EU) or Key Investor Information Document (KIID) (for investors in the UK), particularly to the fund’s investment objective and characteristics including those related to ESG (if applicable), before making any final investment decisions. These are available from the Document Library. We recommend you discuss any investment decisions with a financial adviser, particularly if you are unsure whether an investment is suitable. Jupiter is unable to provide investment advice.

 

Jupiter Strategic Absolute Return Bond Fund

In order to navigate the ups and downs of the market, you need to be flexible and the portfolio needs to be rejigged constantly. In 2022, the steep and rapid rise in interest rates roiled the fixed income and equity markets. Elevated inflation could pose many challenges, including eroding the value of money and depressing the price of existing bond holdings. In such a scenario, an unconstrained strategy with the ability to ‘go anywhere’ in the market may be popular. For example, the Jupiter Strategic Absolute Return Bond Fund invests primarily in bonds and similar debt instruments issued by governments and companies anywhere in the world. Portfolio construction is driven by an on-going assessment of the drivers of returns such as interest rates, bond prices, the economic outlook, inflationary expectations, and global political issues.

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Fund-specific risks

  • Investment risk – while the Fund aims to deliver above zero performance irrespective of market conditions, there can be no guarantee this aim will be achieved. Furthermore, the actual volatility of the Fund may be above or below the expected range, and may also exceed its maximum expected volatility. A capital loss of some or all of the amount invested may occur.
  • Emerging markets risk – less developed countries may face more political, economic or structural challenges than developed countries.
  • Credit risk – the issuer of a bond or a similar investment within the Fund may not pay income or repay capital to the Fund when due. Bonds which are rated below investment grade are considered to have a higher risk exposure with respect to meeting their payment obligations.
  • CoCos and other investments with loss absorbing features – the Fund may hold investments with loss-absorbing features, including up to 20% in contingent convertible bonds (CoCos). These investments may be subject to regulatory intervention and/or specific trigger events relating to regulatory capital levels falling to a pre-specified point. This is a different risk to traditional bonds and may result in their conversion to company shares, or a partial or total loss of value.
  • Bond Connect Risk – The rules of the Bond Connect scheme may not always permit the Fund to sell its assets, and may cause the Fund to suffer losses on an investment.
  • Interest rate risk – investments in bonds are affected by interest rates and inflation trends which may affect the value of the Fund.
  • Liquidity risk – some investments may become hard to value or sell at a desired time and price. In extreme circumstances this may affect the Fund’s ability to meet redemption requests upon demand.
  • Derivative risk – the Fund uses derivatives to generate returns and/or to reduce costs and the overall risk of the Fund. Using derivatives can involve a higher level of risk. A small movement in the price of an underlying investment may result in a disproportionately large movement in the price of the derivative investment. Derivatives also involve counterparty risk where the institutions acting as counterparty to derivatives may not meet their contractual obligations.
  • Currency risk – the Fund can be exposed to different currencies. The value of your shares may rise and fall as a result of exchange rate movements.
  •  

The fund may be subject to other risk factors, please see the Prospectus for further information.

An investment constitutes the acquisition of shares in the fund, not in the fund’s underlying assets. Please refer to the latest sales prospectus of the fund and to the Key Information Document (KID) (for investors in the EU) or Key Investor Information Document (KIID) (for investors in the UK), particularly to the fund’s investment objective and characteristics including those related to ESG (if applicable), before making any final investment decisions. These are available from the Document Library. We recommend you discuss any investment decisions with a financial adviser, particularly if you are unsure whether an investment is suitable. Jupiter is unable to provide investment advice.

 

Jupiter Monthly Income Bond Fund

Sometimes it’s unclear what’s going to happen and even harder trying to make a prediction about the path inflation and global growth will take. The Jupiter Monthly Income Bond Fund seeks to provide a stable and consistent monthly income by investing in bonds and similar debt instruments issued by companies, banks, governments and other public entities anywhere in the world. The moderate volatility profile historically exhibited by the fund has helped the strategy to deliver steady income to investors in a variety of scenarios.

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Fund-specific risks
  • Investment risk – there is no guarantee that the Fund will achieve its objective. A capital loss of some or all of the amount invested may occur.
  • Credit risk – the issuer of a bond or a similar investment within the Fund may not pay income or repay capital to the Fund when due. Bonds which are rated below investment grade are considered to have a higher risk exposure with respect to meeting their payment obligations.
  • CoCos and other investments with loss absorbing features – the Fund may hold investments with loss-absorbing features, including up to 20% in contingent convertible bonds (CoCos). These investments may be subject to regulatory intervention and/or specific trigger events relating to regulatory capital levels falling to a pre-specified point. This is a different risk to traditional bonds and may result in their conversion to company shares, or a partial or total loss of value.
  • Interest rate risk – investments in bonds are affected by interest rates and inflation trends which may affect the value of the Fund.
  • Liquidity risk – some investments may become hard to value or sell at a desired time and price. In extreme circumstances this may affect the Fund’s ability to meet redemption requests upon demand.
  • Currency risk – the Fund can be exposed to different currencies and may use techniques to try to reduce the effects of changes in the exchange rate between the currency of the underlying investments and the base currency of the Fund. These techniques may not eliminate all the currency risk. The value of your shares may rise and fall as a result of exchange rate movements.
  • Derivative risk – the Fund uses derivatives to generate returns and/or to reduce costs and the overall risk of the Fund. Using derivatives can involve a higher level of risk. A small movement in the price of an underlying investment may result in a disproportionately large movement in the price of the derivative investment. Derivatives also involve counterparty risk where the institutions acting as counterparty to derivatives may not meet their contractual obligations.
  • Capital erosion risk – the Fund takes its charges from the capital of the Fund. Investors should be aware that there is potential for capital erosion if insufficient capital growth is achieved by the Fund to cover the charges. Capital erosion may have the effect of reducing the level of income generated.


The fund may be subject to other risk factors, please see the Prospectus for further information.

An investment constitutes the acquisition of shares in the fund, not in the fund’s underlying assets. Please refer to the latest sales prospectus of the fund and to the Key Information Document (KID) (for investors in the EU) or Key Investor Information Document (KIID) (for investors in the UK), particularly to the fund’s investment objective and characteristics including those related to ESG (if applicable), before making any final investment decisions. These are available from the Document Library. We recommend you discuss any investment decisions with a financial adviser, particularly if you are unsure whether an investment is suitable. Jupiter is unable to provide investment advice.  

Jupiter Strategic Absolute Return Bond Fund

In order to navigate the ups and downs of the market, you need to be flexible and the portfolio needs to be rejigged constantly. In 2022, the steep and rapid rise in interest rates roiled the fixed income and equity markets. Elevated inflation could pose many challenges, including eroding the value of money and depressing the price of existing bond holdings. In such a scenario, an unconstrained strategy with the ability to ‘go anywhere’ in the market may be popular. For example, the Jupiter Strategic Absolute Return Bond Fund invests primarily in bonds and similar debt instruments issued by governments and companies anywhere in the world. Portfolio construction is driven by an on-going assessment of the drivers of returns such as interest rates, bond prices, the economic outlook, inflationary expectations, and global political issues.

View fund

Fund-specific risks

  • Investment risk – while the Fund aims to deliver above zero performance irrespective of market conditions, there can be no guarantee this aim will be achieved. Furthermore, the actual volatility of the Fund may be above or below the expected range, and may also exceed its maximum expected volatility. A capital loss of some or all of the amount invested may occur.
  • Emerging markets risk – less developed countries may face more political, economic or structural challenges than developed countries.
  • Credit risk – the issuer of a bond or a similar investment within the Fund may not pay income or repay capital to the Fund when due. Bonds which are rated below investment grade are considered to have a higher risk exposure with respect to meeting their payment obligations.
  • CoCos and other investments with loss absorbing features – the Fund may hold investments with loss-absorbing features, including up to 20% in contingent convertible bonds (CoCos). These investments may be subject to regulatory intervention and/or specific trigger events relating to regulatory capital levels falling to a pre-specified point. This is a different risk to traditional bonds and may result in their conversion to company shares, or a partial or total loss of value.
  • Bond Connect Risk – The rules of the Bond Connect scheme may not always permit the Fund to sell its assets, and may cause the Fund to suffer losses on an investment.
  • Interest rate risk – investments in bonds are affected by interest rates and inflation trends which may affect the value of the Fund.
  • Liquidity risk – some investments may become hard to value or sell at a desired time and price. In extreme circumstances this may affect the Fund’s ability to meet redemption requests upon demand.
  • Derivative risk – the Fund uses derivatives to generate returns and/or to reduce costs and the overall risk of the Fund. Using derivatives can involve a higher level of risk. A small movement in the price of an underlying investment may result in a disproportionately large movement in the price of the derivative investment. Derivatives also involve counterparty risk where the institutions acting as counterparty to derivatives may not meet their contractual obligations.
  • Currency risk – the Fund can be exposed to different currencies. The value of your shares may rise and fall as a result of exchange rate movements.
  •  

The fund may be subject to other risk factors, please see the Prospectus for further information.

An investment constitutes the acquisition of shares in the fund, not in the fund’s underlying assets. Please refer to the latest sales prospectus of the fund and to the Key Information Document (KID) (for investors in the EU) or Key Investor Information Document (KIID) (for investors in the UK), particularly to the fund’s investment objective and characteristics including those related to ESG (if applicable), before making any final investment decisions. These are available from the Document Library. We recommend you discuss any investment decisions with a financial adviser, particularly if you are unsure whether an investment is suitable. Jupiter is unable to provide investment advice.

 

Jupiter Corporate Bond Fund

If inflation subsides enough, central banks may start cutting interest rates, and recession could be prevented, and economic growth could start picking up. However, central banks are increasingly pushing back on any prospects of immediate rate cuts. In such an environment, a strategy that invests in high quality companies that are more resilient to the effects of a recession may benefit. The Jupiter Corporate Bond Fund invests at least 70% of its portfolio in fixed interest securities, including high grade corporate bonds. Investment grade companies usually show greater resiliency in a recessionary environment. At the same time investment grade bonds tend to benefit from a rise in the price of government bonds (which has historically happened in previous recessionary environments).

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Fund-specific risks

  • Interest Rate Risk – The Fund can invest in assets whose value is sensitive to changes in interest rates (for example bonds) meaning that the value of these investments may fluctuate significantly with movement in interest rates. e.g. the value of a bond tends to decrease when interest rates rise.

  • Pricing Risk – Price movements in financial assets mean the value of assets can fall as well as rise, with this risk typically amplified in more volatile market conditions.

  • Contingent convertible bonds – The Fund may invest in contingent convertible bonds. These instruments may experience material losses based on certain trigger events. Specifically these triggers may result in a partial or total loss of value, or the investments may be converted into equity, both of which are likely to entail significant losses.

  • Credit Risk – The issuer of a bond or a similar investment within the Fund may not pay income or repay capital to the Fund when due.

  • Market Concentration Risk (Geographical Region/Country) – Investing in a particular country or geographic region can cause the value of this investment to rise or fall more relative to investments whose focus is spread more globally in nature.

  • Derivative risk – the Fund may use derivatives to generate returns and/or to reduce costs and the overall risk of the Fund. Using derivatives can involve a higher level of risk. A small movement in the price of an underlying investment may result in a disproportionately large movement in the price of the derivative investment.

  • Counterparty Risk – the risk of losses due to the default of a counterparty e.g. on a derivatives contract or a custodian that is safeguarding the Fund’s assets.

 

The fund may be subject to other risk factors, please see the Prospectus for further information.

An investment constitutes the acquisition of shares in the fund, not in the fund’s underlying assets. Please refer to the latest sales prospectus of the fund and to the Key Information Document (KID) (for investors in the EU) or Key Investor Information Document (KIID) (for investors in the UK), particularly to the fund’s investment objective and characteristics including those related to ESG (if applicable), before making any final investment decisions. These are available from the Document Library. We recommend you discuss any investment decisions with a financial adviser, particularly if you are unsure whether an investment is suitable. Jupiter is unable to provide investment advice.

 

Jupiter Dynamic Bond ESG

Investors are looking for income in a turbulent world without losing sight of their responsibility to society at large. Tackling the climate emergency and boosting equality and diversity in society are critical focus areas for governments and corporates alike. Addressing these issues through a credible investment strategy calls for specialised skills, deep knowledge of the markets and active management to maximise value and minimize risks. The Jupiter Dynamic Bond ESG aims to achieve a high income with the prospect of capital growth over the long term by investing in a portfolio of investments in global debt securities in respect of which consideration is given to certain environmental, social and governance (“ESG”) characteristics. The Investment Manager’s investment process includes consideration of the following two environmental and social characteristics, support of the transition to a low carbon economy and upholding of responsibilities to people and planet.

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Fund-specific risks

  • Interest Rate Risk – The Fund can invest in assets whose value is sensitive to changes in interest rates (for example bonds) meaning that the value of these investments may fluctuate significantly with movement in interest rates e.g. the value of a bond tends to decrease when interest rates rise.
  • Credit Risk – The issuer of a bond or a similar investment within the Fund may not pay income or repay capital to the Fund when due.
  • Derivative risk – the Fund may use derivatives to generate returns and/or to reduce costs and the overall risk of the Fund. Using derivatives can involve a higher level of risk. A small movement in the price of an underlying investment may result in a disproportionately large movement in the price of the derivative investment.
  • Share Class Hedging Risk – The share class hedging process can cause the value of investments to fall due to market movements, rebalancing considerations and, in extreme circumstances, default by the counterparty providing the hedging contract.
  • Contingent convertible bonds – The Fund may invest in contingent convertible bonds. These instruments may experience material losses based on certain trigger events. Specifically these triggers may result in a partial or total loss of value, or the investments may be converted into equity, both of which are likely to entail significant losses.
  • Sub investment grade bonds – The fund may invest a significant portion of its assets in securities which are those rated below investment grade by a credit rating agency. They are considered to have a greater risk of loss of capital or failing to meet their income payment obligations than higher rated investment grade bonds.
  • Pricing risk – Price movements in financial assets mean the value of assets can fall as well as rise, with this risk typically amplified in more volatile market conditions.
    Counterparty Default Risk – The risk of losses due to the default of a counterparty e.g. on a derivatives contract or a custodian that is safeguarding the Fund’s assets.
  • ESG and Sustainability – Investments are selected or excluded on both financial and non-financial criteria. The Fund’s performance may differ from the broader market or other Funds that do not utilise ESG/Sustainability criteria when selecting investments.
  • Bond Connect Risk – The rules of the Bond Connect scheme may not always permit the Fund to sell its assets, and may cause the Fund to suffer losses on an investment.
  • Charges from capital – Some or all of the Fund’s charges are taken from capital. Should there not be sufficient capital growth in the Fund this may cause capital erosion.

 

The fund may be subject to other risk factors, please see the Prospectus for further information.

An investment constitutes the acquisition of shares in the fund, not in the fund’s underlying assets. Please refer to the latest sales prospectus of the fund and to the Key Information Document (KID) (for investors in the EU) or Key Investor Information Document (KIID) (for investors in the UK), particularly to the fund’s investment objective and characteristics including those related to ESG (if applicable), before making any final investment decisions. These are available from the Document Library. We recommend you discuss any investment decisions with a financial adviser, particularly if you are unsure whether an investment is suitable. Jupiter is unable to provide investment advice.

 

Important information

This is a marketing communication. Please refer to the latest sales prospectus of the sub-fund and to the Key Investor Information Document (KIID), particularly to the sub-fund’s investment objective and characteristics including those related to ESG (if applicable), before making any final investment decisions.

 

An investment constitutes the acquisition of shares in a fund, not in the fund’s underlying assets. We recommend you discuss any investment decisions with a financial adviser, particularly if you are unsure whether an investment is suitable. Jupiter is unable to provide investment advice.

This document is for informational purposes only and is not investment advice. Market and exchange rate movements can cause the value of an investment to fall as well as rise, and you may get back less than originally invested. Initial charges are likely to have a greater proportionate effect on returns if investments are liquidated in the shorter term.

 

Past performance is not a guide to future performance. The views expressed are those of the author at the time of writing, are not necessarily those of Jupiter as a whole and may be subject to change. This is particularly true during periods of rapidly changing market circumstances. Every effort is made to ensure the accuracy of the information provided but no assurance or warranties are given.

 

The Key Investor Information Document (KIID), Supplementary Information Document and Scheme Particulars for the Jupiter Corporate Bond Fund, Jupiter Strategic Bond Fund, Jupiter Monthly Income Bond Fund and the KIID and Prospectus for the Jupiter Dynamic Bond ESG Fund and the Jupiter Strategic Absolute Return Bond Fund are available for download from www.jupiteram.com. A summary of investor rights in English can be found in the Document Library at www.jupiteram.com. The Management Company may terminate marketing arrangements.

 

Issued by Jupiter Unit Trust Managers Limited (JUTM) for Unit Trust funds, registered address: The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ, authorised and regulated by the Financial Conduct Authority, Jupiter Asset Management International S.A. (JAMI) for the Jupiter Dynamic Bond Fund SICAV and Jupiter Asset Management Series PLC (JAMEL) for the Jupiter Strategic Absolute Return Bond Fund.

 

No part of this document may be reproduced in any manner without the prior permission of JUTM and/or JAMI/JAMEL.