The JPMorgan Mortgage-Backed Securities Fd C (OBBCX) is a mutual fund that primarily invests in mortgage-backed securities, which are debt securities that are backed by a pool of mortgages. This fund is managed by JPMorgan and aims to provide investors with a diversified portfolio of mortgage-backed securities, potentially offering a steady stream of income and potential for capital appreciation. The "C" in the fund name indicates that it is a share class of the fund, which may have different fees and expenses compared to other share classes. Overall, this fund may be suitable for investors seeking exposure to the mortgage market and looking for potential income and growth opportunities.