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Trending ETFs

JPMorgan U.S. Research Enhanced Equity Fund

mutual fund
JDESX
Payout Change
Pending
Price as of:
$42.61 -0.03 -0.07%
primary theme
U.S. Large-Cap Blend Equity
JDESX (Mutual Fund)

JPMorgan U.S. Research Enhanced Equity Fund

Payout Change
Pending
Price as of:
$42.61 -0.03 -0.07%
primary theme
U.S. Large-Cap Blend Equity
JDESX (Mutual Fund)

JPMorgan U.S. Research Enhanced Equity Fund

Payout Change
Pending
Price as of:
$42.61 -0.03 -0.07%
primary theme
U.S. Large-Cap Blend Equity

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$42.61

$8.91 B

0.72%

$0.31

0.58%

Vitals

YTD Return

15.5%

1 yr return

26.8%

3 Yr Avg Return

11.5%

5 Yr Avg Return

16.7%

Net Assets

$8.91 B

Holdings in Top 10

34.3%

52 WEEK LOW AND HIGH

$42.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.58%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$42.61

$8.91 B

0.72%

$0.31

0.58%

JDESX - Profile

Distributions

  • YTD Total Return 15.5%
  • 3 Yr Annualized Total Return 11.5%
  • 5 Yr Annualized Total Return 16.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.09%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    JPMorgan U.S. Research Enhanced Equity Fund
  • Fund Family Name
    JPMorgan Funds
  • Inception Date
    Sep 10, 2001
  • Shares Outstanding
    20742178
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Raffaele Zingone

Fund Description

Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of U.S. companies. “Assets” means net assets plus the amount of borrowings for investment purposes. In implementing this strategy, the Fund primarily invests in the common stocks of U.S. companies in the S&P 500 Index (which includes both large cap and mid cap companies). The Fund may also invest in securities not included within the S&P 500 Index. As of September 30, 2023, the market capitalizations of the companies in the S&P 500 Index ranged from $2.41 billion to $2.52 trillion. Sector by sector, the Fund’s weightings are similar to those of the S&P 500 Index. Within each sector, the Fund modestly overweights equity securities that it considers undervalued or fairly valued while modestly underweighting or not holding equity securities that appear overvalued. By owning a large number of equity securities within the S&P 500 Index, with an emphasis on those that appear undervalued or fairly valued, the Fund seeks returns that modestly exceed those of the S&P 500 Index over the long term with a modest level of volatility.Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.An issuer of a security will be deemed to be located in the United States if: (i) the principal trading market for the security is in the United States, (ii) the issuer is organized under the laws of the United States, or (iii) the issuer derives at least 50% of its revenues or profits from the United States or has at least 50% of its total assets situated in the United States.Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects, which is designed to provide insight into a company’s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value. As part of its investment process, the adviser seeks to assess the impact of environmental, social and governance (ESG) factors on many issuers in the universe in which the Fund may invest. The adviser’s assessment is based on an analysis of key opportunities and risks across industries to seek to identify financially material issues with respect to the Fund’s investments in securities and ascertain key issues that merit engagement with issuers. These assessments may not be conclusive and securities of issuers that may be negatively impacted by such factors may be purchased and retained by the Fund while the Fund may divest or not invest in securities of issuers that may be positively impacted by such factors.On behalf of the Fund, the adviser then buys and sells equity securities, using the research and valuation rankings as a basis.Along with attractive valuation, the adviser often considers a number of other criteria:catalysts that could trigger a rise in a stock’s priceimpact on the overall risk of the portfolio relative to the S&P 500 Indexhigh perceived potential reward compared to perceived potential riskpossible temporary mispricings caused by apparent market overreactionsThe adviser may sell a security as its valuations or rankings change or if more attractive investments become available.
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JDESX - Performance

Return Ranking - Trailing

Period JDESX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.5% -1.9% 25.1% 18.07%
1 Yr 26.8% -2.1% 42.7% 17.60%
3 Yr 11.5%* -12.4% 16.1% 6.87%
5 Yr 16.7%* -8.7% 109.8% 4.96%
10 Yr 12.3%* -0.1% 20.7% 22.74%

* Annualized

Return Ranking - Calendar

Period JDESX Return Category Return Low Category Return High Rank in Category (%)
2023 26.5% -42.6% 47.4% 5.96%
2022 -20.3% -56.3% -4.2% 37.84%
2021 15.2% -27.2% 537.8% 60.13%
2020 15.8% -22.5% 2181.7% 30.39%
2019 16.6% -13.5% 40.4% 84.74%

Total Return Ranking - Trailing

Period JDESX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.5% -1.9% 25.1% 18.07%
1 Yr 26.8% -2.1% 42.7% 17.60%
3 Yr 11.5%* -12.4% 16.1% 6.87%
5 Yr 16.7%* -8.7% 109.8% 4.96%
10 Yr 12.3%* -0.1% 20.7% 22.74%

* Annualized

Total Return Ranking - Calendar

Period JDESX Return Category Return Low Category Return High Rank in Category (%)
2023 28.2% -5.0% 47.4% 11.92%
2022 -18.2% -36.8% -2.2% 49.84%
2021 30.5% 3.0% 537.8% 9.56%
2020 20.7% -15.8% 2266.0% 20.80%
2019 31.4% -0.4% 241.3% 26.21%

NAV & Total Return History


JDESX - Holdings

Concentration Analysis

JDESX Category Low Category High JDESX % Rank
Net Assets 8.91 B 2.34 M 1.55 T 16.45%
Number of Holdings 172 2 4048 40.29%
Net Assets in Top 10 3.13 B 848 K 446 B 18.62%
Weighting of Top 10 34.31% 0.3% 111.9% 50.93%

Top 10 Holdings

  1. Microsoft Corp. 7.85%
  2. Apple, Inc. 5.57%
  3. NVIDIA Corp. 5.53%
  4. Amazon.com, Inc. 4.32%
  5. Meta Platforms, Inc., Class A 2.73%
  6. Alphabet, Inc., Class A 2.04%
  7. Exxon Mobil Corp. 1.70%
  8. Mastercard, Inc., Class A 1.63%
  9. Alphabet, Inc., Class C 1.53%
  10. Berkshire Hathaway, Inc., Class B 1.41%

Asset Allocation

Weighting Return Low Return High JDESX % Rank
Stocks
99.20% 0.00% 120.26% 38.36%
Cash
0.79% 0.00% 99.06% 59.87%
Other
0.01% -13.91% 100.00% 32.83%
Preferred Stocks
0.00% 0.00% 2.52% 21.27%
Convertible Bonds
0.00% 0.00% 5.54% 16.83%
Bonds
0.00% -0.37% 92.99% 23.52%

Stock Sector Breakdown

Weighting Return Low Return High JDESX % Rank
Technology
24.46% 0.00% 48.94% 46.08%
Healthcare
14.37% 0.00% 60.70% 51.72%
Financial Services
13.61% 0.00% 55.59% 45.75%
Consumer Cyclical
12.39% 0.00% 30.33% 16.42%
Industrials
8.46% 0.00% 29.90% 58.82%
Communication Services
8.18% 0.00% 27.94% 53.76%
Consumer Defense
6.32% 0.00% 47.71% 66.34%
Energy
4.10% 0.00% 41.64% 50.49%
Utilities
2.85% 0.00% 20.91% 42.24%
Real Estate
2.83% 0.00% 31.91% 44.61%
Basic Materials
2.43% 0.00% 25.70% 62.17%

Stock Geographic Breakdown

Weighting Return Low Return High JDESX % Rank
US
99.20% 0.00% 120.26% 32.10%
Non US
0.00% 0.00% 63.90% 33.07%

JDESX - Expenses

Operational Fees

JDESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.58% 0.01% 19.75% 69.06%
Management Fee 0.25% 0.00% 1.90% 25.65%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.00% 0.85% 44.53%

Sales Fees

JDESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

JDESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JDESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 268.00% 75.35%

JDESX - Distributions

Dividend Yield Analysis

JDESX Category Low Category High JDESX % Rank
Dividend Yield 0.72% 0.00% 25.47% 62.27%

Dividend Distribution Analysis

JDESX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

JDESX Category Low Category High JDESX % Rank
Net Income Ratio 1.09% -54.00% 2.44% 27.13%

Capital Gain Distribution Analysis

JDESX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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JDESX - Fund Manager Analysis

Managers

Raffaele Zingone


Start Date

Tenure

Tenure Rank

Jul 01, 2002

19.93

19.9%

Raffaele Zingone, managing director, is a portfolio manager on the U.S. Disciplined Equity Team. An employee since 1991, Ralph is responsible for the Research Enhanced Index (REI) strategies. Prior to this role, he was a research analyst following the aerospace, environmental, and diversified manufacturing sectors. Upon joining the firm, he was a quantitative equity analyst and later served as a U.S. Equity portfolio manager in London and New York. Ralph received his B.A. in mathematics and economics from the College of the Holy Cross and his M.B.A. in finance from New York University. He is a CFA charterholder.

Timothy Snyder


Start Date

Tenure

Tenure Rank

Nov 01, 2016

5.58

5.6%

Tim Snyder, executive director of J.P. Morgan Investment Management Inc., is a portfolio manager on the U.S. Disciplined Equity Team. An employee since 2003, his responsibilities include managing Research Enhanced Index (REI) strategies. Tim joined the portfolio management team in 2004 as an analyst and worked on the daily implementation and maintenance of the REI and Analyst Fund portfolios. He holds a B.S. in finance and economics from the University of Delaware and is a holder of the CFA and CMT designations.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.26 2.42