JPIB allows for significant flexibility in sector and duration exposure to account for changing market conditions. The fund seeks to provide total return while actively managing for risk through diversification. Expect to see bonds from across the globe ranging from emerging to developed markets, outside of the US. Because JPIB is not tied to an underlying index, the manager has broad discretion to dynamically shift the investments based on changing market conditions. This can include modifying the fund`s strategies, as well as sector, country, or currency exposure. The fund aims for a duration of eight years, although the manager reserves the right to vary duration as changing conditions warrant. Prior to Sept 14, 2020, the fund included securities from US issuers and traded under the ticker: JPGB.