UBVAX: Undiscovered Managers Behavioral Val A

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UBVAX Undiscovered Managers Behavioral Val A


Profile

UBVAX - Profile

Vitals

  • YTD Return -29.1%
  • 3 Yr Annualized Return -13.1%
  • 5 Yr Annualized Return -4.3%
  • Net Assets $3.73 B
  • Holdings in Top 10 29.3%

52 WEEK LOW AND HIGH

$43.37
$30.48
$63.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.35%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 44.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jan 04, 2016
  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -29.1%
  • 3 Yr Annualized Total Return -13.1%
  • 5 Yr Annualized Total Return -4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.92%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Undiscovered Managers Behavioral Value Fund
  • Fund Family Name
    JPMorgan
  • Inception Date
    Jun 04, 2004
  • Shares Outstanding
    6764028
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Russell 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.


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Performance

UBVAX - Performance

Return Ranking - Trailing

Period UBVAX Return Category Return Low Category Return High Rank in Category (%)
YTD -29.1% -43.5% 262.2% 92.77%
1 Yr -27.9% -48.7% 292.0% 88.81%
3 Yr -13.1%* -33.0% 55.1% 59.03%
5 Yr -4.3%* -26.1% 35.0% 43.67%
10 Yr 4.9%* -15.7% 19.9% 11.93%

* Annualized

Return Ranking - Calendar

Period UBVAX Return Category Return Low Category Return High Rank in Category (%)
2019 17.2% -21.7% 34.0% 59.09%
2018 -23.7% -48.1% 5.1% 44.06%
2017 8.2% -28.5% 26.3% 13.37%
2016 16.9% -2.4% 54.4% 76.54%
2015 -0.6% -36.0% 2.5% 3.47%

Total Return Ranking - Trailing

Period UBVAX Return Category Return Low Category Return High Rank in Category (%)
YTD -29.1% -43.5% 262.2% 92.77%
1 Yr -27.9% -48.7% 292.0% 88.81%
3 Yr -13.1%* -25.3% 55.1% 77.63%
5 Yr -4.3%* -14.2% 35.0% 78.31%
10 Yr 4.9%* -8.0% 19.9% 50.92%

* Annualized

Total Return Ranking - Calendar

Period UBVAX Return Category Return Low Category Return High Rank in Category (%)
2019 17.2% -21.7% 34.0% 59.09%
2018 -23.7% -48.1% 5.1% 65.96%
2017 8.2% -28.5% 26.3% 45.13%
2016 16.9% -0.8% 54.4% 86.80%
2015 -0.6% -36.0% 3.0% 3.79%

NAV & Total Return History


Holdings

UBVAX - Holdings

Concentration Analysis

UBVAX Category Low Category High UBVAX % Rank
Net Assets 3.73 B 6.28 K 28.5 B 6.44%
Number of Holdings 87 1 1550 64.68%
Net Assets in Top 10 1.07 B 179 K 1.82 B 1.19%
Weighting of Top 10 29.33% 4.5% 100.0% 18.31%

Top 10 Holdings

  1. Investors Bancorp Inc 4.23%
  2. Graphic Packaging Holding Co 4.17%
  3. First Horizon National Corp 3.61%
  4. TCF Financial Corp 2.87%
  5. Crown Holdings Inc 2.74%
  6. F N B Corp 2.51%
  7. JELD-WEN Holding Inc 2.40%
  8. CNO Financial Group Inc 2.36%
  9. Cabot Corp 2.36%
  10. WPX Energy Inc Class A 2.08%

Asset Allocation

Weighting Return Low Return High UBVAX % Rank
Stocks
99.91% 80.23% 101.47% 13.60%
Cash
0.10% -49.97% 19.71% 81.15%
Preferred Stocks
0.00% 0.00% 1.46% 30.07%
Other
0.00% -4.04% 15.03% 29.36%
Convertible Bonds
0.00% 0.00% 3.75% 25.30%
Bonds
0.00% 0.00% 31.34% 28.64%

Stock Sector Breakdown

Weighting Return Low Return High UBVAX % Rank
Financial Services
31.37% 0.00% 37.80% 9.31%
Industrials
19.99% 0.00% 43.19% 40.33%
Consumer Cyclical
15.49% 0.00% 46.81% 22.91%
Real Estate
8.88% 0.00% 17.84% 43.91%
Basic Materials
6.96% 0.00% 14.80% 21.24%
Technology
6.25% 0.00% 35.54% 81.62%
Energy
4.35% 0.00% 93.48% 37.95%
Healthcare
2.47% 0.00% 23.00% 90.21%
Communication Services
1.56% 0.00% 10.59% 62.29%
Consumer Defense
1.52% 0.00% 15.57% 91.89%
Utilities
1.17% 0.00% 14.43% 68.26%

Stock Geographic Breakdown

Weighting Return Low Return High UBVAX % Rank
US
99.20% 80.23% 101.23% 11.93%
Non US
0.71% 0.00% 13.19% 74.94%

Expenses

UBVAX - Expenses

Operational Fees

UBVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.35% 0.05% 15.49% 42.36%
Management Fee 0.75% 0.05% 1.49% 34.93%
12b-1 Fee 0.25% 0.00% 1.00% 35.08%
Administrative Fee 0.08% 0.01% 0.47% 32.67%

Sales Fees

UBVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 3.50% 5.75% 70.00%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

UBVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

UBVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 44.00% 5.00% 534.00% 30.56%

Distributions

UBVAX - Distributions

Dividend Yield Analysis

UBVAX Category Low Category High UBVAX % Rank
Dividend Yield 0.00% 0.00% 27.90% 29.12%

Dividend Distribution Analysis

UBVAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

UBVAX Category Low Category High UBVAX % Rank
Net Income Ratio 0.92% -1.67% 2.73% 34.54%

Capital Gain Distribution Analysis

UBVAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Dividend Payout History

View More +

Fund Manager Analysis

UBVAX - Fund Manager Analysis

Managers

Russell Fuller


Start Date

Tenure

Tenure Rank

Dec 28, 1998

21.69

21.7%

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 48 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 Potter


Start Date

Tenure

Tenure Rank

Aug 01, 2005

15.09

15.1%

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.

Ryam Lee


Start Date

Tenure

Tenure Rank

Aug 20, 2019

1.03

1.0%

Ryam Lee, CFA, Analyst, has over seven years of financial industry experience. Prior to joining Fuller & Thaler, he was a private equity analyst at McCarthy Capital. Previously, he worked in corporate development at a commodity management firm and business valuation at an independent valuation firm. Mr. Lee received his BA (honors) in Economics and Finance from Creighton University and an MBA in Accounting, Economics, and Finance from the University of Chicago Booth School of Business. He holds the Chartered Financial Analyst designation and is a member of the CFA Society of San Francisco.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.7 7.16 0.67