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Trending ETFs

JPMorgan Equity Income Fund

mutual fund
OIEFX
Payout Change
Pending
Price as of:
$23.89 -0.1 -0.42%
primary theme
U.S. Large-Cap Value Equity
OIEFX (Mutual Fund)

JPMorgan Equity Income Fund

Payout Change
Pending
Price as of:
$23.89 -0.1 -0.42%
primary theme
U.S. Large-Cap Value Equity
OIEFX (Mutual Fund)

JPMorgan Equity Income Fund

Payout Change
Pending
Price as of:
$23.89 -0.1 -0.42%
primary theme
U.S. Large-Cap Value Equity

Name

As of 05/20/2024

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

$23.89

$45.9 B

0.75%

$0.18

1.21%

Vitals

YTD Return

7.1%

1 yr return

15.7%

3 Yr Avg Return

5.4%

5 Yr Avg Return

9.4%

Net Assets

$45.9 B

Holdings in Top 10

22.2%

52 WEEK LOW AND HIGH

$24.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.21%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/20/2024

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

$23.89

$45.9 B

0.75%

$0.18

1.21%

OIEFX - Profile

Distributions

  • YTD Total Return 7.1%
  • 3 Yr Annualized Total Return 5.4%
  • 5 Yr Annualized Total Return 9.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.22%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Equity Income Fund
  • Fund Family Name
    JPMorgan Funds
  • Inception Date
    Feb 28, 2011
  • Shares Outstanding
    4960248
  • Share Class
    R2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Clare Hart

Fund Description

Under normal circumstances, at least 80% of the Fund’s Assets will be invested in the equity securities of corporations that regularly pay dividends, including common stocks and debt securities and preferred securities convertible to common stock. Although the Fund invests primarily in securities of large cap companies, it may invest in equity investments of companies across all market capitalizations. In implementing this strategy, the Fund invests primarily in common stock and real estate investment trusts (REITs). “Assets” means net assets, plus the amount of borrowings for investment purposes.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.Investment Process: The Fund employs a fundamental bottom-up stock selection process to invest in common stock of corporations that regularly pay dividends and have favorable long-term fundamental characteristics. Because yield is a key consideration in selecting securities, the Fund may purchase stocks of companies that are out of favor in the financial community and, therefore, are selling below what the Fund’s adviser believes to be their long-term investment value. The adviser seeks to invest in attractively valued companies with durable franchises, strong management and the ability to grow their intrinsic value per share. As part of its investment process, the adviser seeks to assess the impact of environmental, social and governance factors (ESG) 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.The adviser may sell a security for several reasons. A security may be sold due to a change in the company’s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.
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OIEFX - Performance

Return Ranking - Trailing

Period OIEFX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% -0.7% 24.8% 74.13%
1 Yr 15.7% -1.3% 49.4% 82.76%
3 Yr 5.4%* -4.3% 30.7% 77.29%
5 Yr 9.4%* 0.1% 44.6% 72.25%
10 Yr 9.0%* 1.3% 24.9% 41.93%

* Annualized

Return Ranking - Calendar

Period OIEFX Return Category Return Low Category Return High Rank in Category (%)
2023 1.7% -24.9% 46.1% 76.64%
2022 -5.5% -64.7% 4.6% 12.75%
2021 20.8% -44.2% 57.5% 27.42%
2020 1.4% -23.2% 285.0% 33.18%
2019 22.6% -21.4% 48.5% 24.93%

Total Return Ranking - Trailing

Period OIEFX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% -0.7% 24.8% 74.13%
1 Yr 15.7% -1.3% 49.4% 82.76%
3 Yr 5.4%* -4.3% 30.7% 77.29%
5 Yr 9.4%* 0.1% 44.6% 72.25%
10 Yr 9.0%* 1.3% 24.9% 41.93%

* Annualized

Total Return Ranking - Calendar

Period OIEFX Return Category Return Low Category Return High Rank in Category (%)
2023 4.2% -15.9% 46.7% 92.12%
2022 -2.4% -42.0% 8.5% 20.92%
2021 24.5% 3.6% 129.7% 69.16%
2020 3.1% -22.6% 304.8% 48.20%
2019 25.7% -12.7% 52.1% 48.39%

NAV & Total Return History


OIEFX - Holdings

Concentration Analysis

OIEFX Category Low Category High OIEFX % Rank
Net Assets 45.9 B 1.09 M 163 B 3.80%
Number of Holdings 87 2 1683 42.92%
Net Assets in Top 10 10.3 B 420 K 33.9 B 4.42%
Weighting of Top 10 22.16% 4.8% 98.8% 78.19%

Top 10 Holdings

  1. ConocoPhillips 2.93%
  2. Wells Fargo Co. 2.45%
  3. UnitedHealth Group, Inc. 2.22%
  4. Comcast Corp., Class A 2.15%
  5. Air Products and Chemicals, Inc. 2.14%
  6. BlackRock, Inc. 2.12%
  7. Norfolk Southern Corp. 2.11%
  8. Morgan Stanley 2.10%
  9. Chevron Corp. 1.98%
  10. Analog Devices, Inc. 1.96%

Asset Allocation

Weighting Return Low Return High OIEFX % Rank
Stocks
99.61% 1.86% 108.42% 17.52%
Cash
0.39% 0.00% 38.18% 78.05%
Preferred Stocks
0.00% 0.00% 13.88% 25.84%
Other
0.00% -1.68% 39.72% 43.54%
Convertible Bonds
0.00% 0.00% 3.66% 22.80%
Bonds
0.00% -1.92% 73.23% 26.02%

Stock Sector Breakdown

Weighting Return Low Return High OIEFX % Rank
Financial Services
21.18% 0.00% 58.05% 29.68%
Healthcare
18.91% 0.00% 30.08% 32.26%
Industrials
14.25% 0.00% 42.76% 18.18%
Consumer Defense
10.36% 0.00% 34.10% 27.18%
Technology
8.89% 0.00% 54.02% 69.61%
Energy
8.11% 0.00% 54.00% 43.49%
Consumer Cyclical
6.25% 0.00% 22.74% 40.91%
Utilities
3.87% 0.00% 27.04% 58.65%
Real Estate
2.88% 0.00% 90.54% 46.88%
Communication Services
2.68% 0.00% 26.58% 86.63%
Basic Materials
2.62% 0.00% 21.69% 69.07%

Stock Geographic Breakdown

Weighting Return Low Return High OIEFX % Rank
US
99.61% 1.86% 108.42% 15.84%
Non US
0.00% 0.00% 26.07% 45.40%

OIEFX - Expenses

Operational Fees

OIEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.21% 0.03% 14.82% 28.86%
Management Fee 0.40% 0.00% 1.50% 15.49%
12b-1 Fee 0.50% 0.00% 1.00% 64.63%
Administrative Fee 0.08% 0.00% 0.50% 29.90%

Sales Fees

OIEFX 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 0.95% 5.00% N/A

Trading Fees

OIEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

OIEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 488.00% 21.47%

OIEFX - Distributions

Dividend Yield Analysis

OIEFX Category Low Category High OIEFX % Rank
Dividend Yield 0.75% 0.00% 36.05% 74.29%

Dividend Distribution Analysis

OIEFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Semi-Annually Quarterly Quarterly

Net Income Ratio Analysis

OIEFX Category Low Category High OIEFX % Rank
Net Income Ratio 1.22% -1.51% 4.28% 56.28%

Capital Gain Distribution Analysis

OIEFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

OIEFX - Fund Manager Analysis

Managers

Clare Hart


Start Date

Tenure

Tenure Rank

Aug 01, 2004

17.84

17.8%

Clare Hart, managing director, is a portfolio manager in JPMorgan’s U.S. Equity Group. An employee since 1999, Clare is the lead portfolio manager of the JPMorgan Equity Income Strategy and the JPMorgan Growth & Income Strategy. Prior to joining the team, Clare was with Salomon Smith Barney’s equity research division as a research associate covering Real Estate Investment Trusts. Ms. Hart began her career at Arthur Andersen, working as a public accountant.

Andrew Brandon


Start Date

Tenure

Tenure Rank

Nov 01, 2019

2.58

2.6%

Andrew Brandon, managing director, is a portfolio manager in the U.S. Equity Group. An employee since 2000, Andrew joined the investment team in 2012 as an investment analyst on the JPMorgan Equity Income and Growth and Income Funds. Prior to joining the team Andrew was a member of our US equity research team covering the financial industry. Andrew has also worked in the JPMorgan Private Bank supporting portfolio managers of both the U.S. large cap core equity product, and the U.S. large cap value product. Andrew obtained a B.A. in economics from the University of Virginia, and an M.B.A. from the University of Florida. He is a CFA charterholder."

David Silberman


Start Date

Tenure

Tenure Rank

Nov 01, 2019

2.58

2.6%

Dave Silberman, managing director, is a portfolio manager on the JPMorgan Equity Income and the JPMorgan Growth & Income Funds within the U.S. Equity Group. An employee since 1989, David assumed his current role in 2019. Prior to his current role, David was the Head of the Equity Investment Director and Corporate Governance teams globally and the lead U.S. Equity Investment Director since 2008. Previously, he was a portfolio manager in the U.S. Equity Group where he managed equity portfolios for private clients, endowments and foundations. He has also worked in the Emerging Markets Derivatives Group and attended the J.P. Morgan training program. David holds a B.A. in economics and political science from the State University of New York at Binghamton and an M.B.A. from the Stern School of Business at New York University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.03 16.42