JPMorgan Mortgage Backed Securities Fund R6 (JMBUX)

The JPMorgan Mortgage Backed Securities Fund R6 (JMBUX) is a mutual fund that primarily invests in mortgage-backed securities, which are debt securities that are backed by a pool of mortgages. These securities are issued by government-sponsored entities such as Fannie Mae and Freddie Mac, as well as private financial institutions. The fund aims to provide investors with a steady stream of income through the interest payments on these securities, while also seeking to preserve capital and achieve long-term growth. As an R6 class fund, it is designed for institutional investors and has a lower expense ratio compared to other classes of the same fund.