OMBIX - JPMorgan Mortgage-Backed Securities Sel

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JPMorgan Mortgage-Backed Securities Sel (OMBIX)
Expense Ratio: 0.41%
Expected Lifetime Fees: $12,984.20

The JPMorgan Mortgage-Backed Securities Sel fund (OMBIX) is a Intermediate-Term Bond fund started on 08/18/2000 and has $3.50 billion in assets under management. The current manager has been running JPMorgan Mortgage-Backed Securities Sel since 09/13/2000. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

MarketRiders Prefers The Following ETF

Vanguard Intermediate-Term Bond ETF (BIV)
Expense Ratio: 0.11%
Expected Lifetime Fees: $3,595.26

The Vanguard Intermediate-Term Bond ETF (BIV) is an Exchange Traded Fund. It is a "basket" of securities that index the Intermediate-Term Bond investment strategy and is an alternative to a Intermediate-Term Bond mutual fund. Fees are very low compared to a comparable mutual fund like JPMorgan Mortgage-Backed Securities Sel because computers automatically manage the stocks.

The Following Intermediate-Term Bond Funds Have Lower Fees Than JPMorgan Mortgage-Backed Securities Sel (OMBIX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
American Beacon Intermediate Bd Instl AABDX 75.0% 419 0.36%
American Funds Bond Fund of Amer F-2 ABNFX 154.0% 33,500 0.36%
American Funds Bond Fund of Amer R5 RBFFX 154.0% 33,500 0.32%
American Funds Bond Fund of Amer R6 RBFGX 154.0% 33,500 0.27%
Baird Aggregate Bond Inst BAGIX 45.9% 1,600 0.30%
Baird Core Plus Bond Inst BCOIX 34.6% 1,700 0.30%
Baird Intermediate Bond Inst BIMIX 24.1% 763 0.30%
BlackRock Bond Allc Tgt Shares Ser C BRACX 41.0% 349 0.00%
BlackRock Bond Allc Tgt Shares Ser M BRAMX 523.0% 321 0.03%
BlackRock Bond Allc Tgt Shares Ser S BRASX 192.0% 134 0.01%
BlackRock Bond Index K WFBIX 122.0% 145 0.20%
DFA Intermediate-Term Extended Quality Portfolio Institutional Class Shares DFTEX 15.0% 635 0.22%
Dreyfus Bond Market Index Basic DBIRX 30.0% 2,400 0.15%
Dreyfus Bond Market Index Inv DBMIX 30.0% 2,400 0.40%
DWS US Bond Index Inst BTUSX 146.0% 413 0.39%
Federated Total Return Bond Instl FTRBX 63.0% 7,400 0.36%
Fidelity Spartan US Bond Index Fund Fidelity Advantage Class FSITX 106.0% 14,800 0.11%
GE Instl Income Inv GFIIX 393.0% 405 0.23%
Goldman Sachs Invest Grade Credit Inst GSGDX 120.0% 549 0.37%
ING Intermediate Bond I IICIX 500.0% 861 0.38%
Northern Bond Index NOBOX 129.3% 2,400 0.16%
RidgeWorth Core Bond Fund I STIGX 211.0% 489 0.35%
RidgeWorth Intermediate Bond I SAMIX 139.0% 1,200 0.34%
RidgeWorth Total Return Bond I SAMFX 170.0% 1,200 0.35%
Schwab Total Bond Market SWLBX 166.0% 973 0.29%
Scout Core Bond I SCCIX 564.0% 168 0.40%
Scout Core Plus Bond Instl SCPZX 623.0% 454 0.40%
Spartan U.S. Bond Index Investor FBIDX 106.0% 14,800 0.22%
T. Rowe Price U.S. Bond Enhanced Index PBDIX 112.8% 1,000 0.30%
TIAA-CREF Bond Instl TIBDX 402.0% 2,300 0.33%
TIAA-CREF Bond Plus Inst TIBFX 221.0% 1,100 0.35%
Vanguard Interm-Term Bond Index Inv VBIIX 61.0% 15,600 0.22%
Vanguard Interm-Term Bond Index Signal VIBSX 61.0% 15,600 0.11%
Vanguard Interm-Term Investment-Grade Ad VFIDX 49.0% 17,400 0.10%
Vanguard Interm-Term Invmt-Grade Inv VFICX 49.0% 17,400 0.20%
Vanguard Interm-Tm Corp Bd Idx Signal VICSX 80.0% 2,400 0.14%
Vanguard Mortgage-Backed Sec Idx Signal VMBSX 344.0% 209 0.15%
Vanguard Total Bond Market Idx Instl Pls VBMPX 73.0% 110,100 0.05%
Vanguard Total Bond Market Index Inst VBTIX 73.0% 110,100 0.07%
Vanguard Total Bond Market Index Inv VBMFX 73.0% 110,100 0.22%
Vanguard Total Bond Market Index Signal VBTSX 73.0% 110,100 0.10%
William Blair Bond Inst BBFIX 28.0% 266 0.35%

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Why Are These Metrics Important?

Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.