JPMorgan International Rsrch Enh Eq I
Name
As of 06/10/2022Price
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
-16.3%
1 yr return
-9.7%
3 Yr Avg Return
6.1%
5 Yr Avg Return
3.5%
Net Assets
$5.68 B
Holdings in Top 10
21.2%
52 WEEK LOW AND HIGH
$17.7
$17.09
$21.78
Expenses
OPERATING FEES
Expense Ratio 0.35%
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 06/10/2022Price
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
OIEAX - Profile
Distributions
- YTD Total Return -16.3%
- 3 Yr Annualized Total Return 6.1%
- 5 Yr Annualized Total Return 3.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.35%
- Dividend Yield 4.8%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameJPMorgan International Research Enhanced Equity Fund
-
Fund Family NameJ.P. Morgan
-
Inception DateOct 28, 1992
-
Shares Outstanding21728213
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPiera Grassi
Fund Description
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 primarily invests in foreign companies of various market capitalizations, including foreign subsidiaries of U.S. companies. The equity securities in which the Fund may invest include, but are not limited to, common stock, preferred stock, depositary receipts, privately placed securities and real estate investment trusts (REITs).The Fund seeks to outperform the MSCI Europe, Australasia, Far East (EAFE) Index1 (net of foreign withholding taxes) (the Index) over time while maintaining similar risk characteristics, including sector and geographic risks. In implementing its strategy, the Fund primarily invests in securities included within the universe of the Index. In addition, the Fund may also invest in securities not included within the Index. The Fund only invests in the securities of companies located in developed markets.Within each sector, the Fund may modestly overweight equity securities that it considers undervalued while modestly underweighting or not holding equity securities that appear overvalued. By emphasizing investment in equity securities that appear undervalued or fairly valued, the Fund seeks returns that modestly exceed those of the Index over the long term with a modest level of volatility.The Fund may use exchange-traded futures to gain exposure to particular foreign securities or markets and for the efficient management of cash flows. The Fund may invest in securities denominated in any currency and may from time to time hedge a portion of its foreign currency exposure using currency forwards.An issuer of a security will be deemed to be located in a particular country if: (i) the principal trading market for the security is in such country, (ii) the issuer is organized under the laws of such country or (iii) the issuer derives at least 50% of its revenues or profits from such country or has at least 50% of its total assets situated in such country.Investment Process: In managing the Fund, the adviser combines fundamental research with a disciplined portfolio construction process. The adviser utilizes proprietary research, risk management techniques and individual security selection in constructing the Fund’s portfolio. In-depth, fundamental research into individual securities is conducted by research analysts who emphasize each issuer’s long-term prospects. This research allows the adviser to rank issuers within each sector group according to what it believes to be their relative value. As part of its investment process, the adviser seeks to assess the impact of environmental, social and governance factors on the companies in which the Fund invests.The assessment is based on a proprietary analysis of key opportunities and risks across industries to seek to identify financially material issues on the Fund’s investments in securities and ascertain key issues that merit engagement with company management. These assessments may not be conclusive and securities of companies may be purchased and retained by the Fund for reasons other than material ESG factors.The adviser will ordinarily overweight securities which it deems to be attractive and underweight or not hold those securities which it believes are unattractive. The adviser may sell a security as its valuations or rankings change or if more attractive investments become available.In managing the Fund, the adviser will seek to help manage risk in the Fund’s portfolio by investing in issuers in at least three foreign countries. However, the Fund may invest a substantial part of its assets in just one country.
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OIEAX - Performance
Return Ranking - Trailing
| Period | OIEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -16.3% | -46.6% | 132.7% | 22.22% |
| 1 Yr | -9.7% | -37.6% | 32.3% | 21.91% |
| 3 Yr | 6.1%* | -20.2% | 14.5% | 65.53% |
| 5 Yr | 3.5%* | -13.2% | 9.3% | 71.06% |
| 10 Yr | 7.1%* | 2.1% | 10.7% | 35.28% |
* Annualized
Return Ranking - Calendar
| Period | OIEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.3% | -29.1% | 19.9% | 21.04% |
| 2022 | 3.4% | -39.9% | 992.1% | 88.03% |
| 2021 | 18.3% | -21.3% | 38.8% | 57.66% |
| 2020 | -17.7% | -50.2% | 0.0% | 44.55% |
| 2019 | 21.0% | -2.4% | 38.4% | 75.86% |
Total Return Ranking - Trailing
| Period | OIEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -16.3% | -46.6% | 132.7% | 14.18% |
| 1 Yr | -9.7% | -38.0% | 32.2% | 20.28% |
| 3 Yr | 6.1%* | -20.2% | 14.5% | 61.26% |
| 5 Yr | 3.5%* | -13.2% | 9.3% | 66.19% |
| 10 Yr | 7.1%* | 0.5% | 10.7% | 31.98% |
* Annualized
Total Return Ranking - Calendar
| Period | OIEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.3% | -29.1% | 19.9% | 21.04% |
| 2022 | 3.4% | -39.9% | 992.1% | 88.03% |
| 2021 | 18.3% | -21.3% | 38.8% | 57.66% |
| 2020 | -17.7% | -50.2% | 0.0% | 54.98% |
| 2019 | 23.2% | -0.1% | 38.4% | 72.43% |
NAV & Total Return History
OIEAX - Holdings
Concentration Analysis
| OIEAX | Category Low | Category High | OIEAX % Rank | |
|---|---|---|---|---|
| Net Assets | 5.68 B | 1.02 M | 369 B | 13.52% |
| Number of Holdings | 196 | 1 | 10801 | 42.35% |
| Net Assets in Top 10 | 1.05 B | 0 | 34.5 B | 18.52% |
| Weighting of Top 10 | 21.23% | 1.6% | 100.0% | 57.52% |
Top 10 Holdings
- JPMorgan Prime Money Market Inst 4.16%
- Nestle SA 3.91%
- Nestle SA 3.91%
- Nestle SA 3.91%
- Nestle SA 3.91%
- Nestle SA 3.91%
- Nestle SA 3.91%
- Nestle SA 3.91%
- Nestle SA 3.91%
- Nestle SA 3.91%
Asset Allocation
| Weighting | Return Low | Return High | OIEAX % Rank | |
|---|---|---|---|---|
| Stocks | 95.02% | 0.00% | 122.60% | 84.59% |
| Cash | 4.16% | -65.15% | 100.00% | 16.17% |
| Other | 0.83% | -16.47% | 17.36% | 8.64% |
| Preferred Stocks | 0.00% | 0.00% | 1.87% | 54.07% |
| Convertible Bonds | 0.00% | 0.00% | 4.18% | 50.25% |
| Bonds | 0.00% | -10.79% | 71.30% | 54.87% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | OIEAX % Rank | |
|---|---|---|---|---|
| Financial Services | 18.61% | 0.00% | 47.75% | 36.56% |
| Healthcare | 13.74% | 0.00% | 21.35% | 24.75% |
| Industrials | 13.12% | 4.32% | 99.49% | 66.46% |
| Consumer Defense | 11.05% | 0.00% | 32.29% | 23.74% |
| Consumer Cyclical | 9.74% | 0.00% | 36.36% | 64.82% |
| Technology | 8.85% | 0.00% | 36.32% | 73.87% |
| Basic Materials | 8.06% | 0.00% | 23.86% | 54.02% |
| Communication Services | 5.33% | 0.00% | 21.69% | 67.71% |
| Energy | 4.55% | 0.00% | 16.89% | 56.91% |
| Utilities | 3.95% | 0.00% | 33.27% | 20.10% |
| Real Estate | 2.99% | 0.00% | 14.59% | 20.48% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | OIEAX % Rank | |
|---|---|---|---|---|
| Non US | 94.91% | 0.00% | 133.15% | 58.52% |
| US | 0.11% | -31.34% | 68.98% | 90.25% |
OIEAX - Expenses
Operational Fees
| OIEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.35% | 0.01% | 4.40% | 84.35% |
| Management Fee | 0.20% | 0.00% | 1.60% | 12.83% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.08% | 0.01% | 1.00% | 38.00% |
Sales Fees
| OIEAX 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% | 5.50% | N/A |
Trading Fees
| OIEAX 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.
| OIEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 247.00% | 30.15% |
OIEAX - Distributions
Dividend Yield Analysis
| OIEAX | Category Low | Category High | OIEAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.79% | 0.00% | 16.94% | 5.03% |
Dividend Distribution Analysis
| OIEAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
| OIEAX | Category Low | Category High | OIEAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.35% | -1.40% | 6.38% | 22.79% |
Capital Gain Distribution Analysis
| OIEAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2021 | $0.829 | OrdinaryDividend |
| Dec 21, 2020 | $0.357 | OrdinaryDividend |
| Dec 20, 2019 | $0.545 | OrdinaryDividend |
| Dec 20, 2018 | $0.559 | OrdinaryDividend |
| Dec 29, 2017 | $0.004 | ExtraDividend |
| Dec 21, 2017 | $0.153 | OrdinaryDividend |
| Dec 21, 2016 | $0.396 | OrdinaryDividend |
| Dec 22, 2015 | $0.408 | OrdinaryDividend |
| Dec 22, 2014 | $0.446 | OrdinaryDividend |
| Dec 23, 2013 | $0.435 | OrdinaryDividend |
| Dec 19, 2012 | $0.458 | OrdinaryDividend |
| Dec 21, 2011 | $0.457 | OrdinaryDividend |
| Jan 03, 2011 | $0.005 | ExtraDividend |
| Dec 21, 2010 | $0.480 | OrdinaryDividend |
| Dec 22, 2009 | $0.328 | OrdinaryDividend |
| Dec 23, 2008 | $0.752 | OrdinaryDividend |
| Dec 21, 2007 | $0.647 | OrdinaryDividend |
| Dec 26, 2006 | $0.592 | OrdinaryDividend |
| Jan 03, 2006 | $0.394 | OrdinaryDividend |
OIEAX - Fund Manager Analysis
Managers
Piera Grassi
Start Date
Tenure
Tenure Rank
Feb 02, 2016
6.33
6.3%
Piera Elisa Grassi, managing director, is the lead portfolio manager for the Global and International REI (Research Enhanced Index) strategies within the International Equity Group, based in London. An employee since 2004, Piera Elisa was previously a portfolio manager and quantitative analyst in Global REI. Prior to joining, Piera Elisa was as a bond quantitative analyst and risk analyst at Foreign and Colonial Asset Management. Before this, she worked for BARRA in London, focusing on equity risk management and portfolio construction. Piera Elisa obtained a Laurea from Bocconi University in Milan.
Nicholas Farserotu
Start Date
Tenure
Tenure Rank
Sep 16, 2020
1.7
1.7%
Nicholas Farserotu, a Vice President, is a portfolio manager within the International Equity Group focusing on the International Research Enhanced strategies. An employee since 2015, Mr. Farserotu was previously an investment analyst at SphereInvest Group in Geneva. Mr. Farserotu obtained an MSc. in Financial Engineering from Imperial College London (with Distinction) and also holds an MSc. and a BSc. in Economics from the University of Geneva. He is a CFA charterholder.
Winnie Cheung
Start Date
Tenure
Tenure Rank
Sep 16, 2020
1.7
1.7%
Winnie Cheung, a Vice President, is a portfolio manager in the International Equity Group focusing on the International Research Enhanced strategies. An employee since 2012, Ms. Cheung was previously a performance analyst. Ms. Cheung obtained a MSc in Finance from Cass Business School in London.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.35 | 5.83 | 0.41 |