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UBVAX Undiscovered Managers Behavioral Val A

  • Fund
  • UBVAX
  • Price as of: Dec 15, 2017
  • $68.03
  • + $0.89
  • + 1.33%
  • Category
  • Small Cap Value Equities

UBVAX - Profile

Vitals

  • YTD Return 7.7%
  • 3 Yr Annualized Return 11.7%
  • 5 Yr Annualized Return 16.0%
  • Net Assets $6.26 B
  • Holdings in Top 10 24.7%

52 WEEK LOW AND HIGH

$68.03
$61.95
$70.84

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.76%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2016-01-04

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Small Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Small Value

Distributions

  • YTD Total Return 7.7%
  • 3 Yr Annualized Total Return 9.7%
  • 5 Yr Annualized Total Return 14.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.51%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Undiscovered Managers Behavioral Value Fund
  • Fund Family Name JPMorgan
  • Inception Date Jun 04, 2004
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Russell J. Fuller

Fund Description

The fund seeks to achieve its objective by investing primarily in common stocks of U.S. companies that the fund's sub-adviser believes have value characteristics. Such common stocks include stocks of small capitalization companies, similar to those that are included in the Russell 2000 Value Index and real estate investment trusts (REITs). In selecting stocks for the fund, the sub-adviser applies principles based on behavioral finance.

UBVAX - Performance

Return Ranking - Trailing

Period UBVAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.7% -65.7% 26.1% 30.44% 2
1 Yr 13.8% -29.4% 68.3% 53.67% 3
3 Yr 11.7% * -7.6% 17.4% 18.35% 1
5 Yr 16.0% * 1.8% 19.7% 6.55% 1
10 Yr 10.8% * 2.4% 11.2% 1.45% 1

* Annualized


Return Ranking - Calendar

Period UBVAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 16.9% -22.7% 68.2% 66.01% 4
2015 -0.6% -48.0% 3.7% 3.35% 1
2014 2.9% -38.4% 33.9% 14.59% 1
2013 36.5% -26.5% 59.9% 16.79% 1
2012 23.3% -100.0% 35.3% 3.06% 1

Total Return Ranking - Trailing

Period UBVAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.7% -65.7% 26.1% 30.51% 2
1 Yr 7.8% -59.2% 214.5% 79.96% 4
3 Yr 9.7% * -7.6% 24.7% 45.39% 3
5 Yr 14.7% * 1.8% 19.7% 27.43% 2
10 Yr 10.2% * 2.4% 11.2% 4.65% 1

* Annualized


Total Return Ranking - Calendar

Period UBVAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 16.9% -22.7% 68.2% 70.81% 4
2015 0.0% -48.0% 6.6% 3.80% 1
2014 5.4% -29.2% 128.0% 40.80% 3
2013 38.9% 0.0% 164.5% 81.38% 5
2012 24.7% -100.0% 103.5% 49.03% 3

NAV & Total Return History

UBVAX - Holdings

Filings data as of: Oct 31, 2017

Concentration Analysis

UBVAX Category Low Category High UBVAX % Rank Quintile
Net Assets 6.26 B 345 K 29.4 B 1.67% 1
Number of Holdings 97 3 1604 17.12% 3
Net Assets in Top 10 1.48 B 110 K 1.48 B 0.21% 1
Weighting of Top 10 24.7% 0.9% 72.1% 13.15% 2

Top 10 Holdings

  1. Investors Bancorp Inc 4.08%
  2. KLX Inc 2.43%
  3. White Mountains Insurance Group Ltd 2.13%
  4. Celanese Corp 2.45%
  5. Colony NorthStar Inc A 2.28%
  6. ACI Worldwide Inc 2.07%
  7. First Horizon National Corp 3.21%
  8. Hope Bancorp Inc 2.20%
  9. KeyCorp 1.88%
  10. CNO Financial Group Inc 1.94%

Asset Allocation

Weighting Category Low Category High UBVAX % Rank Quintile
Stocks
96.99% 0.90% 100.59% 19.42% 4
Cash
3.01% -0.59% 99.10% 13.15% 2
Preferred Stocks
0.00% 0.00% 7.77% 2.71% 1
Other
0.00% -1.91% 13.43% 8.14% 2
Convertible Bonds
0.00% 0.00% 3.12% 1.04% 1
Bonds
0.00% 0.00% 23.74% 4.18% 1

Stock Sector Breakdown

Weighting Category Low Category High UBVAX % Rank Quintile
Financial Services
24.21% 0.00% 38.76% 17.95% 3
Industrials
19.10% 0.00% 55.45% 10.65% 2
Consumer Cyclical
13.95% 0.00% 45.19% 12.53% 2
Basic Materials
11.44% 0.00% 54.09% 3.34% 1
Real Estate
10.36% 0.00% 20.46% 7.31% 1
Technology
9.65% 0.00% 29.14% 24.01% 4
Energy
4.37% 0.00% 34.78% 21.71% 4
Utilities
1.54% -0.02% 10.48% 22.13% 4
Healthcare
1.22% 0.00% 21.38% 33.61% 5
Consumer Defense
1.15% 0.00% 12.62% 30.48% 5
Communication Services
0.00% -0.03% 8.21% 20.25% 4

Stock Geographic Breakdown

Weighting Category Low Category High UBVAX % Rank Quintile
US
95.73% 0.90% 100.59% 15.87% 3
Non US
1.26% 0.00% 55.12% 21.92% 4

UBVAX - Expenses

Operational Fees

UBVAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.76% 0.06% 1481.17% 18.79% 4
Management Fee 0.75% 0.03% 1.35% 6.26% 2
12b-1 Fee 0.25% 0.00% 1.00% 3.03% 2
Administrative Fee 0.15% 0.01% 465000.00% 4.92% 4

Sales Fees

UBVAX Fees (% of AUM) Category Low Category High UBVAX Rank Quintile
Front Load 5.25% 0.00% 5.75% 3.90% 1
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

UBVAX Fees (% of AUM) Category Low Category High UBVAX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover 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.

UBVAX Fees (% of AUM) Category Low Category High UBVAX Rank Quintile
Turnover 24.00% 7.04% 2077.66% 19.83% 1

UBVAX - Distributions

Dividend Yield Analysis

UBVAX Category Low Category High UBVAX % Rank Quintile
Dividend Yield 0.2% 0.00% 2.55% 26.23% 2

Dividend Distribution Analysis

UBVAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

UBVAX Category Low Category High UBVAX % Rank Quintile
Net Income Ratio 0.51% -4.51% 5.58% 18.58% 2

Capital Gain Distribution Analysis

UBVAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

UBVAX - Managers

Russell J. Fuller

Lead Manager

Start Date

Dec 28, 1998

Tenure

18.94

Tenure Rank

1.8%

Dr. Fuller is founder and president of the firm and oversees its research and investment activities. He founded the firm in 1993 and has over 47 years of investment experience. His four-decade long experience spans academic research to investment management. Prior to establishing Fuller & Thaler, he worked at two investment management firms, and began his investment career as a security analyst with a brokerage firm that later merged with Paine Webber. In the academic field, his last position was Chairman of the Finance Department at Washington State University. He has also held positions at the University of British Columbia, Canada, and the University of Auckland, New Zealand. Dr. Fuller has published an investment textbook and numerous journal articles. He has served on the editorial board for the Financial Analysts Journal and is currently on the advisory board for the Journal of Portfolio Management. Dr. Fuller received the Graham & Dodd award from the Association for Investment Management and Research for his paper entitled “Predictability Bias.” He has served on the Board of Directors of the CFA Society of San Francisco and in 2006 was presented with their Distinguished Member Award in appreciation of his leadership and dedication to the financial community. He also served as an officer in the United States Army from 1967 to 1970 where he was awarded the US Bronze Star and the Cross of Gallantry. Dr. Fuller received a BA, MBA and PhD (in finance) from the University of Nebraska, and he holds the Chartered Financial Analyst designation. He is an owner of the firm and Chairman of the Board of Directors.


David M. Potter

Manager

Start Date

Aug 01, 2005

Tenure

12.34

Tenure Rank

4.8%

Mr. Potter is the Lead Portfolio Manager responsible for the Small Cap Value strategy at Fuller & Thaler. He has been with the firm since 2005 and has over 21 years of financial industry experience. Prior to joining Fuller & Thaler, he was a Vice President at Goldman Sachs. Previously, he was a proprietary trader at Scotia Capital Markets. Mr. Potter received his BA (honors) in Economics and Finance from McGill University in Montreal and MBA (honors) in Finance from the University of Chicago. He holds the Chartered Financial Analyst designation and is a member of the CFA Society of San Francisco. Mr. Potter is an owner of the firm and a member of the Board of Directors.


Tenure Analysis

Category Low

0.0

Category High

33.0

Category Average

7.43

Category Mode

2.9