Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
JPMorgan Equity Index Fund
mutual fund
OGFAX
Payout Change
Pending
Price as of:
$91.54
+0.75
+0.83%
primary theme
U.S. Large-Cap Blend Equity
share class
OGFAX (Mutual Fund)
JPMorgan Equity Index Fund
Payout Change
Pending
Price as of:
$91.54
+0.75
+0.83%
primary theme
U.S. Large-Cap Blend Equity
share class
OGFAX (Mutual Fund)
JPMorgan Equity Index Fund
Payout Change
Pending
Price as of:
$91.54
+0.75
+0.83%
primary theme
U.S. Large-Cap Blend Equity
share class
Name
As of 12/11/2024Price
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
Vitals
YTD Return
29.2%
1 yr return
32.8%
3 Yr Avg Return
10.5%
5 Yr Avg Return
15.8%
Net Assets
$9.61 B
Holdings in Top 10
34.5%
52 WEEK LOW AND HIGH
$90.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.12%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$15,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
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
OGFAX - Profile
Distributions
- YTD Total Return 29.2%
- 3 Yr Annualized Total Return 10.5%
- 5 Yr Annualized Total Return 15.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.49%
- Dividend Yield 1.2%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameJPMorgan Equity Index Fund
-
Fund Family NameJPMorgan Funds
-
Inception DateSep 02, 2016
-
Shares Outstanding94351450
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Loeffler
Fund Description
The Fund invests in stocks included in the S&P 500 Index1 and also may invest in stock index futures. The Fund’s adviser attempts to track the aggregate price and dividend performance of securities in the S&P 500 Index to achieve a correlation of at least 0.95 between the performance of the Fund and that of the index without taking into account the Fund’s expenses. Perfect correlation would be 1.00.The percentage of a stock that the Fund holds will be approximately the same percentage that the stock represents in the S&P 500 Index. The adviser generally picks stocks in the order of their weightings in the S&P 500 Index, starting with the heaviest weighted stock. The Fund may acquire, hold and dispose of the common stock of JPMorgan Chase & Co. for the sole purpose of maintaining conformity with the S&P 500 Index on which the Fund is based and measured. Under normal circumstances, at least 80% of the Fund’s Assets will be invested in stocks of companies included in the index or indices identified by the Fund and in derivative instruments that provide exposure to stocks of such companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. As of the reconstitution of the S&P 500 Index on September 30, 2024, the market capitalizations of the companies in the index ranged from $3.14 billion to $3.54 trillion.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. The Fund may use futures contracts to gain or reduce exposure to its index, maintain liquidity and minimize transaction costs. In managing cash flows, the Fund buys futures contracts to invest incoming cash in the market or sells futures contracts in response to cash outflows, thereby gaining market exposure to the index while maintaining a cash balance for liquidity.
Read More
OGFAX - Performance
Return Ranking - Trailing
| Period | OGFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 29.2% | 4.3% | 46.2% | 17.12% |
| 1 Yr | 32.8% | 5.8% | 61.3% | 20.18% |
| 3 Yr | 10.5%* | -11.0% | 19.2% | 22.22% |
| 5 Yr | 15.8%* | -7.6% | 110.6% | 16.80% |
| 10 Yr | N/A* | -0.1% | 52.9% | 13.66% |
* Annualized
Return Ranking - Calendar
| Period | OGFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 24.2% | -42.6% | 47.4% | 16.54% |
| 2022 | -19.5% | -56.3% | -4.2% | 29.48% |
| 2021 | 25.3% | -27.2% | 537.8% | 14.13% |
| 2020 | 16.0% | -22.5% | 2181.7% | 29.15% |
| 2019 | 28.4% | -13.5% | 40.4% | 18.34% |
Total Return Ranking - Trailing
| Period | OGFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 29.2% | 4.3% | 46.2% | 17.12% |
| 1 Yr | 32.8% | 5.8% | 61.3% | 20.18% |
| 3 Yr | 10.5%* | -11.0% | 19.2% | 22.22% |
| 5 Yr | 15.8%* | -7.6% | 110.6% | 16.80% |
| 10 Yr | N/A* | -0.1% | 52.9% | 13.00% |
* Annualized
Total Return Ranking - Calendar
| Period | OGFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 26.2% | -5.0% | 47.4% | 25.06% |
| 2022 | -18.2% | -36.8% | -2.2% | 50.62% |
| 2021 | 28.7% | 3.0% | 537.8% | 23.60% |
| 2020 | 18.4% | -15.8% | 2266.0% | 36.00% |
| 2019 | 31.4% | -0.4% | 241.3% | 24.70% |
NAV & Total Return History
OGFAX - Holdings
Concentration Analysis
| OGFAX | Category Low | Category High | OGFAX % Rank | |
|---|---|---|---|---|
| Net Assets | 9.61 B | 2.34 M | 1.55 T | 16.08% |
| Number of Holdings | 508 | 2 | 3963 | 14.59% |
| Net Assets in Top 10 | 3.87 B | 880 K | 525 B | 18.14% |
| Weighting of Top 10 | 34.54% | 0.3% | 111.6% | 58.11% |
Top 10 Holdings
- Apple, Inc. 7.26%
- Microsoft Corp. 6.55%
- NVIDIA Corp. 6.12%
- Amazon.com, Inc. 3.56%
- Meta Platforms, Inc., Class A 2.56%
- Alphabet, Inc., Class A 1.99%
- Berkshire Hathaway, Inc., Class B 1.73%
- Alphabet, Inc., Class C 1.64%
- Broadcom, Inc. 1.64%
- Tesla, Inc. 1.49%
Asset Allocation
| Weighting | Return Low | Return High | OGFAX % Rank | |
|---|---|---|---|---|
| Stocks | 99.74% | 0.00% | 105.79% | 18.71% |
| Cash | 0.30% | 0.00% | 99.07% | 73.54% |
| Other | 0.01% | -13.91% | 100.00% | 31.08% |
| Preferred Stocks | 0.00% | 0.00% | 2.03% | 63.64% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 61.95% |
| Bonds | 0.00% | 0.00% | 93.85% | 64.80% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | OGFAX % Rank | |
|---|---|---|---|---|
| Technology | 24.69% | 0.00% | 48.94% | 40.89% |
| Healthcare | 14.29% | 0.00% | 52.29% | 55.67% |
| Financial Services | 13.16% | 0.00% | 55.59% | 66.50% |
| Consumer Cyclical | 11.21% | 0.00% | 30.33% | 34.34% |
| Communication Services | 8.64% | 0.00% | 27.94% | 45.84% |
| Industrials | 8.27% | 0.00% | 29.90% | 67.09% |
| Consumer Defense | 7.33% | 0.00% | 47.71% | 34.59% |
| Energy | 4.17% | 0.00% | 41.64% | 48.03% |
| Real Estate | 2.92% | 0.00% | 31.91% | 42.65% |
| Utilities | 2.87% | 0.00% | 20.91% | 39.21% |
| Basic Materials | 2.44% | 0.00% | 25.70% | 60.29% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | OGFAX % Rank | |
|---|---|---|---|---|
| US | 99.74% | 0.00% | 105.79% | 16.16% |
| Non US | 0.00% | 0.00% | 63.83% | 69.08% |
OGFAX - Expenses
Operational Fees
| OGFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.12% | 0.01% | 19.75% | 93.11% |
| Management Fee | 0.04% | 0.00% | 1.90% | 5.39% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.08% | 0.00% | 0.85% | 49.86% |
Sales Fees
| OGFAX 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
| OGFAX 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.
| OGFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 268.00% | 29.50% |
OGFAX - Distributions
Dividend Yield Analysis
| OGFAX | Category Low | Category High | OGFAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.21% | 0.00% | 25.47% | 47.19% |
Dividend Distribution Analysis
| OGFAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| OGFAX | Category Low | Category High | OGFAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.49% | -54.00% | 2.44% | 5.48% |
Capital Gain Distribution Analysis
| OGFAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 26, 2024 | $0.278 | OrdinaryDividend |
| Mar 26, 2024 | $0.234 | OrdinaryDividend |
| Dec 20, 2023 | $0.309 | OrdinaryDividend |
| Sep 27, 2023 | $0.258 | OrdinaryDividend |
| Jun 28, 2023 | $0.248 | OrdinaryDividend |
| Mar 29, 2023 | $0.229 | OrdinaryDividend |
| Dec 20, 2022 | $0.276 | OrdinaryDividend |
| Dec 13, 2022 | $0.013 | OrdinaryDividend |
| Sep 28, 2022 | $0.248 | OrdinaryDividend |
| Jun 28, 2022 | $0.240 | OrdinaryDividend |
| Mar 29, 2022 | $0.190 | OrdinaryDividend |
| Dec 20, 2021 | $0.252 | OrdinaryDividend |
| Dec 13, 2021 | $0.934 | OrdinaryDividend |
| Sep 28, 2021 | $0.207 | OrdinaryDividend |
| Jun 28, 2021 | $0.217 | OrdinaryDividend |
| Mar 29, 2021 | $0.198 | OrdinaryDividend |
| Dec 18, 2020 | $0.211 | OrdinaryDividend |
| Sep 28, 2020 | $0.332 | OrdinaryDividend |
| Jun 26, 2020 | $0.219 | OrdinaryDividend |
| Mar 27, 2020 | $0.215 | OrdinaryDividend |
| Dec 19, 2019 | $0.309 | OrdinaryDividend |
| Dec 12, 2019 | $0.085 | CapitalGainLongTerm |
| Sep 26, 2019 | $0.261 | OrdinaryDividend |
| Jun 26, 2019 | $0.221 | OrdinaryDividend |
| Mar 27, 2019 | $0.185 | OrdinaryDividend |
| Dec 19, 2018 | $0.213 | OrdinaryDividend |
| Dec 12, 2018 | $0.014 | CapitalGainShortTerm |
| Dec 12, 2018 | $0.126 | CapitalGainLongTerm |
| Sep 26, 2018 | $0.172 | OrdinaryDividend |
| Jun 27, 2018 | $0.195 | OrdinaryDividend |
| Mar 27, 2018 | $0.161 | OrdinaryDividend |
| Dec 20, 2017 | $0.151 | OrdinaryDividend |
| Dec 13, 2017 | $0.245 | CapitalGainShortTerm |
| Dec 13, 2017 | $0.139 | CapitalGainLongTerm |
| Sep 27, 2017 | $0.200 | OrdinaryDividend |
| Jun 28, 2017 | $0.179 | OrdinaryDividend |
| Mar 29, 2017 | $0.152 | OrdinaryDividend |
| Dec 20, 2016 | $0.207 | OrdinaryDividend |
| Dec 14, 2016 | $0.020 | CapitalGainShortTerm |
| Dec 14, 2016 | $3.168 | CapitalGainLongTerm |
| Sep 28, 2016 | $0.195 | OrdinaryDividend |
OGFAX - Fund Manager Analysis
Managers
Michael Loeffler
Start Date
Tenure
Tenure Rank
Jan 01, 2004
18.42
18.4%
Michael Loeffler, Vice President of JPMIA and a CFA charterholder. Mr. Loeffler has been employed by JPMIA since 1999 when he joined as an investment operations analyst.
Nicholas D'Eramo
Start Date
Tenure
Tenure Rank
Nov 01, 2014
7.58
7.6%
Nicholas D’Eramo is the portfolio manager responsible for the day-to-day management of the Fund, a position he has held since July 2006. D’Eramo has been employed by JPMIM or one of its affiliates since 2000.
Oliver Furby
Start Date
Tenure
Tenure Rank
Nov 01, 2019
2.58
2.6%
Oliver Furby, executive director, is a portfolio manager on J.P. Morgan Asset Management's Core Beta Solutions team based in Columbus. Oliver serves as a portfolio manager on the team's enhanced index strategies, as well as various market cap weighted index strategies across the globe. In addition, Oliver is a member of the J.P. Morgan Asset Management's Multi-Asset Solutions team managing the JPMorgan Investor funds. His responsibilities include index and corporate action analysis, quantitative research for equity and asset allocation products, and portfolio risk management. Prior to joining the group in 2014, he was a Data Analysis Manager for the firm. Prior to joining JPMorgan he was a Quantitative Portfolio Manager and Risk Manager at State Teachers Retirement System of Ohio. Oliver earned a B.A. in Mathematics and Economics from Ohio Wesleyan University and a M.A. in Economics from The Ohio State University. He is member of the Chicago Quantitative Alliance.
Alex Hamilton
Start Date
Tenure
Tenure Rank
Nov 01, 2019
2.58
2.6%
Mr. Hamilton has been a portfolio manager for JPMIM since April 2017. Prior to joining JPMIM, he was an assistant portfolio manager at the Ohio Public Employees Retirement System from 2013 until 2017. Before that time, he worked at Huntington National Bank in the corporate treasury and mortgage capital markets departments. Mr. Hamilton is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.27 | 2.42 |
