JPMorgan Emerging Markets Equity Fund
Fund
JEMOX
Price as of:
$31.96
+ $0.20
+ 0.63%
Primary Theme
fund company
Name
As of 11/01/2024Price
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
7.5%
1 yr return
15.0%
3 Yr Avg Return
-7.0%
5 Yr Avg Return
1.6%
Net Assets
$7.26 B
Holdings in Top 10
35.7%
52 WEEK LOW AND HIGH
$31.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.92%
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 11/01/2024Price
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
JEMOX - Profile
Distributions
- YTD Total Return 7.5%
- 3 Yr Annualized Total Return -7.0%
- 5 Yr Annualized Total Return 1.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.02%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameJPMorgan Emerging Markets Equity Fund
-
Fund Family NameJPMorgan Funds
-
Inception DateSep 12, 2016
-
Shares Outstanding508961
-
Share ClassR5
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAustin Forey
Fund Description
Under normal circumstances, the Fund invests at least 80% of the value of its Assets in equity securities and equity-related instruments that are tied economically to emerging markets. Emerging markets include most countries in the world except Australia, Canada, Japan, New Zealand, the United Kingdom, the United States, most of the countries of Western Europe and Hong Kong. Securities and instruments tied economically to an emerging market include: (i) securities of issuers that are organized under the laws of an emerging markets country or that maintain their principal place of business in an emerging markets country; (ii) securities that are traded principally in an emerging market country; (iii) securities of issuers that, during their most recent fiscal year, derived at least 50% of their revenues or profits from goods produced or sold, investments made, or services performed in an emerging markets country or that have at least 50% of their assets in an emerging market country; or (iv) securities or other instruments that expose the Fund to the economic fortunes and risks of one or more emerging market countries. “Assets” means net assets, plus the amount of borrowings for investment purposes.The equity securities and equity-related instruments in which the Fund may invest include, but are not limited to, common stock, preferred stock, convertible securities, trust or partnership interests, depositary receipts, warrants and rights, participation notes or other structured notes, and other instruments that provide economic exposure to one or more equity securities. Certain of the equity securities in which the Fund invests are expected to be issued by companies that rely on variable interest entity (“VIE”) structures.The Fund may overweight or underweight countries relative to its benchmark, the MSCI Emerging Markets (EM) Index (net total return). The adviser attempts to emphasize securities that it believes are undervalued, while underweighting or avoiding securities that appear to the adviser to be overvalued.The Fund may invest in securities denominated in U.S. dollars, other major reserve currencies, such as the euro, yen and pound sterling, and currencies of other countries in which it can invest. The Fund typically maintains full currency exposure to those markets in which it invests. However, the Fund may from time to time hedge a portion of its foreign currency exposure into the U.S. dollar.The Fund may invest in securities across all market capitalizations, although the Fund may invest a significant portion of its assets in companies of any one particular market capitalization category.The Fund may utilize currency forwards to reduce currency deviations, where practical, for the purpose of risk management. The Fund may also use exchange-traded futures for the efficient management of cash flows.Investment Process: The adviser seeks to add value primarily through security selection decisions. Thus, decisions about country weightings are secondary to those about the individual securities, which make up the portfolio. The portfolio managers are primarily responsible for implementing the recommendations of the research analysts, who make their recommendations based on the security ranking system described below.Research analysts use their local expertise to identify, research, and rank companies according to their expected performance. Securities are assessed using a two part analysis which considers (1) expected share price returns on a medium term forward basis (five year expected returns) and (2) longer-term business growth characteristics and qualitative factors (strategic classifications). As a part of this analysis, research analysts seek 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. In order to encourage creativity, considerable autonomy is given to research analysts at the stock idea generation stage of the process.The Fund has access to the adviser’s currency specialists in determining the extent and nature of the Fund’s exposure to various foreign currencies.
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JEMOX - Performance
Return Ranking - Trailing
| Period | JEMOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.5% | -12.2% | 30.7% | 75.49% |
| 1 Yr | 15.0% | -0.8% | 48.0% | 79.30% |
| 3 Yr | -7.0%* | -14.1% | 11.4% | 85.67% |
| 5 Yr | 1.6%* | -4.8% | 11.5% | 73.83% |
| 10 Yr | N/A* | -2.1% | 6.6% | 25.55% |
* Annualized
Return Ranking - Calendar
| Period | JEMOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.7% | -6.5% | 35.5% | 78.12% |
| 2022 | -26.1% | -50.1% | -2.4% | 66.71% |
| 2021 | -13.4% | -33.1% | 22.5% | 83.15% |
| 2020 | 34.7% | -22.1% | 80.1% | 8.80% |
| 2019 | 31.1% | -0.7% | 42.0% | 1.66% |
Total Return Ranking - Trailing
| Period | JEMOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.5% | -12.2% | 30.7% | 75.49% |
| 1 Yr | 15.0% | -0.8% | 48.0% | 79.30% |
| 3 Yr | -7.0%* | -14.1% | 11.4% | 85.67% |
| 5 Yr | 1.6%* | -4.8% | 11.5% | 73.83% |
| 10 Yr | N/A* | -2.1% | 6.6% | 23.84% |
* Annualized
Total Return Ranking - Calendar
| Period | JEMOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.4% | -2.7% | 42.0% | 79.66% |
| 2022 | -25.7% | -42.2% | 1.9% | 72.36% |
| 2021 | -10.2% | -32.5% | 33.1% | 91.73% |
| 2020 | 34.8% | -20.0% | 81.6% | 10.08% |
| 2019 | 32.1% | 2.3% | 42.0% | 1.99% |
NAV & Total Return History
JEMOX - Holdings
Concentration Analysis
| JEMOX | Category Low | Category High | JEMOX % Rank | |
|---|---|---|---|---|
| Net Assets | 7.26 B | 682 K | 103 B | 9.38% |
| Number of Holdings | 82 | 9 | 7534 | 60.78% |
| Net Assets in Top 10 | 2.5 B | 290 K | 23.8 B | 9.52% |
| Weighting of Top 10 | 35.71% | 2.9% | 101.1% | 51.19% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co. Ltd. 8.56%
- Samsung Electronics Co. Ltd. 6.07%
- Tencent Holdings Ltd. 5.79%
- MercadoLibre, Inc. 2.79%
- SK Hynix, Inc. 2.39%
- Taiwan Semiconductor Manufacturing Co. Ltd. 2.31%
- Banco Bilbao Vizcaya Argentaria SA 2.28%
- HDFC Bank Ltd. 1.97%
- NU Holdings Ltd., Class A 1.78%
- Bank Rakyat Indonesia Persero Tbk. PT 1.76%
Asset Allocation
| Weighting | Return Low | Return High | JEMOX % Rank | |
|---|---|---|---|---|
| Stocks | 99.63% | 0.00% | 107.82% | 11.20% |
| Cash | 0.59% | -2.03% | 98.08% | 81.93% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 82.91% |
| Other | 0.00% | -1.11% | 26.93% | 67.51% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 58.11% |
| Bonds | 0.00% | 0.00% | 88.10% | 62.18% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JEMOX % Rank | |
|---|---|---|---|---|
| Technology | 28.26% | 0.00% | 47.50% | 18.72% |
| Financial Services | 24.99% | 0.00% | 48.86% | 24.11% |
| Consumer Cyclical | 13.47% | 0.00% | 48.94% | 32.34% |
| Consumer Defense | 9.31% | 0.00% | 25.90% | 19.15% |
| Communication Services | 7.87% | 0.00% | 39.29% | 62.70% |
| Healthcare | 5.20% | 0.00% | 16.53% | 29.08% |
| Industrials | 4.56% | 0.00% | 43.53% | 72.48% |
| Basic Materials | 3.00% | 0.00% | 30.03% | 87.52% |
| Energy | 2.83% | 0.00% | 24.80% | 69.08% |
| Real Estate | 0.52% | 0.00% | 17.15% | 72.91% |
| Utilities | 0.00% | 0.00% | 39.12% | 86.95% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JEMOX % Rank | |
|---|---|---|---|---|
| Non US | 73.57% | 0.00% | 100.18% | 86.55% |
| US | 26.06% | 0.00% | 100.95% | 9.80% |
JEMOX - Expenses
Operational Fees
| JEMOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.92% | 0.03% | 29.98% | 78.93% |
| Management Fee | 0.68% | 0.00% | 2.00% | 20.76% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.08% | 0.01% | 0.85% | 34.86% |
Sales Fees
| JEMOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| JEMOX 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.
| JEMOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 189.00% | 6.87% |
JEMOX - Distributions
Dividend Yield Analysis
| JEMOX | Category Low | Category High | JEMOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.44% | 0.00% | 9.74% | 57.98% |
Dividend Distribution Analysis
| JEMOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Monthly | Annual |
Net Income Ratio Analysis
| JEMOX | Category Low | Category High | JEMOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.02% | -1.98% | 17.62% | 76.16% |
Capital Gain Distribution Analysis
| JEMOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2023 | $0.468 | OrdinaryDividend |
| Dec 20, 2022 | $0.157 | OrdinaryDividend |
| Dec 20, 2021 | $0.155 | OrdinaryDividend |
| Dec 13, 2021 | $1.262 | OrdinaryDividend |
| Dec 18, 2020 | $0.055 | OrdinaryDividend |
| Dec 19, 2019 | $0.261 | OrdinaryDividend |
| Dec 19, 2018 | $0.261 | ExtraDividend |
| Dec 28, 2017 | $0.002 | ExtraDividend |
| Dec 20, 2017 | $0.153 | OrdinaryDividend |
| Dec 29, 2016 | $0.007 | ExtraDividend |
| Dec 20, 2016 | $0.177 | OrdinaryDividend |
JEMOX - Fund Manager Analysis
Managers
Austin Forey
Start Date
Tenure
Tenure Rank
Sep 01, 2005
16.76
16.8%
Austin Forey, managing director, is a Portfolio Manager for JPMorgan Asset Management within the Emerging Markets and Asia Pacific (EMAP) Equities team, based in London. An employee since 1988, Austin has fulfilled his role as a GEM portfolio manager since 1994. Prior to this he worked in the U.K. team, where he was deputy head of U.K. research. Before this, Austin worked as a research analyst covering engineering, and subsequently all financial sectors. Austin obtained a B.A. in Modern Languages from Cambridge University, and earned a Ph.D. in Modern Languages from Cambridge University.
Leon Eidelman
Start Date
Tenure
Tenure Rank
Feb 28, 2013
9.26
9.3%
Leon Eidelman, managing director, is a portfolio manager within the Emerging Markets and Asia Pacific (EMAP) Equities team based in New York. An employee since 2002, Leon is a member of the group of global emerging markets portfolio managers responsible for the fundamental, bottom-up portfolios, including the GEM Discovery and GEM Focused strategies. He is lead manager of the GEM Discovery strategy and is a portfolio manager on the GEM Focused strategy. Leon holds a B.A. in Economics with a concentration in Finance from Cornell University and is a CFA Charterholder.
Amit Mehta
Start Date
Tenure
Tenure Rank
Feb 28, 2013
9.26
9.3%
Amit Mehta, executive director, is a portfolio manager responsible for Global Emerging Markets portfolios based in London. An employee since 2011, Amit previously worked at Prusik Investment Management (2009-2011) and Atlantis Investment Management (2007-2009) where he was an Asian equities Analyst and Portfolio Manager. Prior to this he was a Global Emerging Markets Analyst at Aviva Investors (2004-2007) and an Investment Consultant at Mercer Investment Consulting (2000-2004). Amit obtained a Bsc (Hons) in Mathematics from Kings College London. He is a holder of the CFA designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.66 | 13.42 |