JPMorgan Equity Focus I
Name
As of 07/28/2023Price
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
24.3%
1 yr return
11.0%
3 Yr Avg Return
5.7%
5 Yr Avg Return
1.0%
Net Assets
$184 M
Holdings in Top 10
41.0%
52 WEEK LOW AND HIGH
$34.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.98%
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 07/28/2023Price
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
JPFSX - Profile
Distributions
- YTD Total Return 24.3%
- 3 Yr Annualized Total Return 5.7%
- 5 Yr Annualized Total Return 3.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.30%
- Dividend Yield 0.2%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameJPMorgan Equity Focus Fund
-
Fund Family NameJ.P. Morgan
-
Inception DateJul 29, 2011
-
Shares Outstanding3874918
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJonathan Simon
Fund Description
The Fund is normally managed as a core portfolio, but which has the ability to pro-actively invest more heavily in either growth or value securities depending on market conditions and the convictions of the adviser. The Fund invests in a limited number of U.S. equity securities, generally not more than 40. In choosing securities, the Fund seeks to invest in companies with one or more of the following characteristics:•A durable franchise•A sustainable competitive position relative to its peers•A market leader•A strong management team focused on increasing shareholder value•A strong balance sheet.The size of the allocation of the Fund to growth and value securities will vary based on market conditions, and the convictions of the adviser each ranging from 35% to 65% of the equity investments in the Fund.Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities. “Assets” means net assets, plus the amount of borrowings for investment purposes. The Fund typically invests in equity securities with market capitalizations of $1 billion or more. In implementing its main strategies, the Fund invests primarily in common stocks and real estate investment trusts (REITs), but it may also invest up to 20% of its total assets in common stocks of foreign companies, including depositary receipts. Depositary receipts are financial instruments representing a foreign company’s publicly traded securities. A depository receipt trades on a stock exchange in a country different from the company’s local market.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.If the Fund’s portfolio managers cannot find attractive investments, the Fund may invest up to 20% of its total assets in cash and cash equivalents until appropriate investments are identified.Investment Process: In managing the Fund, the portfolio managers employ a process that combines research, valuation and stock selection.In selecting growth stocks, the adviser focuses on companies whose revenue growth potential is underappreciated by investors, specifically looking for companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. These companies have one or more of the following characteristics:•A favorable supply/demand imbalance for the company’s product or service•Underappreciated growth opportunities•Differentiated business model•Ability to gain market share•Growth opportunities in emerging industries or those that emerge from industry changesIn selecting value stocks, the adviser seeks to invest in companies which have durable franchises and which appear to be attractively valued and have the ability to grow intrinsic value per share. Companies with durable franchises generally have a sustainable competitive position relative to peers, high returns on capital, a diversified client or asset base and a strong brand.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 invests. The adviser’s assessment is based on ananalysis 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 may be purchased and retained by the Fund for reasons other than material ESG factors 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 due to a change in the company’s fundamentals or a change in the original reason for purchase of an investment, or if the adviser no longer considers the security to be attractively valued. Investments may also be sold if a portfolio manager identifies a stock that he believes offers a better investment opportunity or to reallocate the Fund’s assets between growth and value securities.
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JPFSX - Performance
Return Ranking - Trailing
| Period | JPFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 24.3% | -61.5% | 33.0% | 1.44% |
| 1 Yr | 11.0% | -62.0% | 38.6% | 4.99% |
| 3 Yr | 5.7%* | -29.0% | 92.8% | 43.08% |
| 5 Yr | 1.0%* | -31.1% | 96.6% | 62.90% |
| 10 Yr | 5.4%* | -19.2% | 37.1% | 32.45% |
* Annualized
Return Ranking - Calendar
| Period | JPFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -18.8% | -56.3% | 28.9% | 24.64% |
| 2022 | 6.2% | -20.5% | 152.6% | 66.59% |
| 2021 | 3.1% | -13.9% | 183.6% | 64.51% |
| 2020 | 2.2% | -8.3% | 8.9% | 95.09% |
| 2019 | -3.7% | -13.5% | 12.6% | 70.73% |
Total Return Ranking - Trailing
| Period | JPFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 24.3% | -61.5% | 33.0% | 1.13% |
| 1 Yr | 11.0% | -62.0% | 40.3% | 3.25% |
| 3 Yr | 5.7%* | -29.0% | 92.8% | 42.28% |
| 5 Yr | 3.8%* | -30.5% | 96.6% | 46.61% |
| 10 Yr | 8.0%* | -14.0% | 37.1% | 31.15% |
* Annualized
Total Return Ranking - Calendar
| Period | JPFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -18.8% | -56.3% | 28.9% | 24.71% |
| 2022 | 6.2% | -20.5% | 152.6% | 66.59% |
| 2021 | 3.1% | -13.9% | 183.6% | 64.43% |
| 2020 | 2.2% | -8.3% | 8.9% | 95.09% |
| 2019 | -1.0% | -10.9% | 12.6% | 18.39% |
NAV & Total Return History
JPFSX - Holdings
Concentration Analysis
| JPFSX | Category Low | Category High | JPFSX % Rank | |
|---|---|---|---|---|
| Net Assets | 184 M | 1.01 M | 1.21 T | 79.14% |
| Number of Holdings | 41 | 2 | 4154 | 88.06% |
| Net Assets in Top 10 | 72 M | 288 K | 270 B | 77.48% |
| Weighting of Top 10 | 40.95% | 1.8% | 106.2% | 18.72% |
Top 10 Holdings
- Apple Inc 5.73%
- Microsoft Corp 5.42%
- JPMorgan Prime Money Market IM 5.36%
- Alphabet Inc Class C 4.11%
- Weyerhaeuser Co 3.61%
- Berkshire Hathaway Inc Class B 3.59%
- Amazon.com Inc 3.51%
- Tesla Inc 3.32%
- UnitedHealth Group Inc 3.32%
- Loews Corp 3.31%
Asset Allocation
| Weighting | Return Low | Return High | JPFSX % Rank | |
|---|---|---|---|---|
| Stocks | 94.64% | 0.00% | 130.24% | 93.58% |
| Cash | 5.36% | -102.29% | 100.00% | 5.59% |
| Preferred Stocks | 0.00% | 0.00% | 1.57% | 9.83% |
| Other | 0.00% | -13.91% | 134.98% | 10.43% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 4.46% |
| Bonds | 0.00% | -0.04% | 95.81% | 5.52% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JPFSX % Rank | |
|---|---|---|---|---|
| Financial Services | 18.71% | 0.00% | 55.59% | 10.97% |
| Technology | 17.45% | 0.00% | 48.94% | 85.05% |
| Consumer Cyclical | 14.79% | 0.00% | 30.33% | 5.06% |
| Healthcare | 14.26% | 0.00% | 60.70% | 56.75% |
| Industrials | 9.35% | 0.00% | 29.90% | 47.70% |
| Communication Services | 8.27% | 0.00% | 27.94% | 53.68% |
| Real Estate | 5.12% | 0.00% | 31.91% | 6.75% |
| Energy | 5.08% | 0.00% | 41.64% | 22.55% |
| Consumer Defense | 2.59% | 0.00% | 47.71% | 95.09% |
| Utilities | 2.26% | 0.00% | 20.91% | 60.43% |
| Basic Materials | 2.11% | 0.00% | 25.70% | 75.31% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JPFSX % Rank | |
|---|---|---|---|---|
| US | 94.64% | 0.00% | 127.77% | 63.11% |
| Non US | 0.00% | 0.00% | 32.38% | 91.76% |
JPFSX - Expenses
Operational Fees
| JPFSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.98% | 0.01% | 49.27% | 37.37% |
| Management Fee | 0.50% | 0.00% | 2.00% | 45.03% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.08% | 0.00% | 0.85% | 43.12% |
Sales Fees
| JPFSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| JPFSX 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.
| JPFSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 496.00% | 65.49% |
JPFSX - Distributions
Dividend Yield Analysis
| JPFSX | Category Low | Category High | JPFSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.25% | 0.00% | 27.23% | 36.47% |
Dividend Distribution Analysis
| JPFSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
| JPFSX | Category Low | Category High | JPFSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.30% | -54.00% | 6.06% | 71.30% |
Capital Gain Distribution Analysis
| JPFSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2022 | $0.087 | OrdinaryDividend |
| Dec 21, 2021 | $0.032 | OrdinaryDividend |
| Dec 21, 2020 | $0.161 | OrdinaryDividend |
| Dec 20, 2019 | $0.165 | OrdinaryDividend |
| Dec 20, 2018 | $0.373 | OrdinaryDividend |
| Dec 21, 2017 | $0.076 | OrdinaryDividend |
| Dec 21, 2016 | $0.070 | OrdinaryDividend |
| Dec 22, 2015 | $0.037 | OrdinaryDividend |
| Dec 22, 2014 | $0.036 | OrdinaryDividend |
| Dec 23, 2013 | $0.000 | OrdinaryDividend |
| Dec 19, 2012 | $0.028 | OrdinaryDividend |
| Jan 03, 2012 | $0.001 | ExtraDividend |
| Dec 21, 2011 | $0.027 | OrdinaryDividend |
JPFSX - Fund Manager Analysis
Managers
Jonathan Simon
Start Date
Tenure
Tenure Rank
Jul 29, 2011
10.85
10.9%
Jonathan K.L. Simon, managing director, is a portfolio manager in the U.S. Equity Group. An employee since 1980, and a member of U.S. Equity Value Group. In addition, he joined the firm as an analyst in the London office, transferred to New York in 1983 and became a portfolio manager in 1987. Jonathan has held numerous key positions in the firm, including president of Robert Fleming's U.S. asset management.
Timothy Parton
Start Date
Tenure
Tenure Rank
Feb 16, 2017
5.29
5.3%
Timothy Parton, managing director,is a portfolio manager in the U.S. Equity Group. An employee since 1986, Tim has managed a variety of small and mid cap portfolios. He has been managing the U.S. Midcap Growth strategy, which includes the JPMorgan Midcap Growth Fund, since November 2001; and the U.S. Multicap Growth strategy, which includes the JPMorgan Growth Advantage Fund, since its inception in September 2005. Tim holds a B.Sc. in economics and accounting from the University of Bristol in England. He is a member of the New York Society of Security Analysts and is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.18 | 2.42 |