JPMorgan Europe Dynamic Fund
Name
As of 11/21/2024Price
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
6.3%
1 yr return
12.5%
3 Yr Avg Return
3.2%
5 Yr Avg Return
7.7%
Net Assets
$556 M
Holdings in Top 10
30.3%
52 WEEK LOW AND HIGH
$32.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/21/2024Price
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
VEUVX - Profile
Distributions
- YTD Total Return 6.3%
- 3 Yr Annualized Total Return 3.2%
- 5 Yr Annualized Total Return 7.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.83%
- Dividend Yield 3.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameJPMorgan Europe Dynamic Fund
-
Fund Family NameJPMorgan Funds
-
Inception DateOct 02, 2018
-
Shares Outstanding14271588
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Baker
Fund Description
The Fund invests primarily in equity securities issued by companies with principal business activities in Western Europe. Under normal market conditions, the Fund invests at least 80% of the value of its Assets in equity securities of European issuers. “Assets” means net assets, plus the amount of borrowings for investment purposes.The equity securities in which the Fund may invest include, but are not limited to, common stock, preferred stock, convertible securities, trust or partnership interests, depositary receipts and warrants and rights.The Fund may utilize exchange-traded futures for the efficient management of cash flows.The Fund may invest in Austria, Belgium, Denmark, Germany, Finland, France, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom, as well as other Western European countries which the adviser believes are appropriate. In addition, the Fund may invest up to 8% of its Assets in equity securities of emerging market European issuers. These countries may include Poland, the Czech Republic, Hungary and other countries with similar economic profiles which the adviser believes are appropriate.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 adviser may adjust the Fund’s exposure to each currency based on its view of the markets and issuers. It may increase or decrease the emphasis on a type of security, sector, country or currency, based on its analysis of a variety of economic factors, including fundamental economic strength, earnings growth, quality of management, sector growth, credit quality and interest rate trends. The Fund may purchase securities where the issuer is located in one country but the security is denominated in the currency of another.While the Fund’s assets will usually be invested in a number of different Western European countries, the Fund may at times invest most or all of the assets in a limited number of these countries. The Fund will, however, try to choose a wide range of industries and companies of varying sizes.While the Fund invests primarily in equities, it may also invest in debt securities rated as investment grade by Moody’s Investors Service Inc. (Moody’s), Standard & Poor’s Corporation (S&P) or Fitch Ratings (Fitch) or the equivalent by another national rating organization, meaning that such securities will carry a minimum rating of Baa3, BBB–, or BBB–, respectively, or in securities that are unrated but are deemed by the adviser to be of comparable quality. No more than 20% of the Fund’s assets will be invested in debt securities denominated in a currency other than the U.S. dollar. No more than 20% of the Fund’s assets will be invested in debt securities issued by a single foreign government or international organization, such as the World Bank.The Fund may also invest in corporate bonds, municipal bonds, inflation-linked debt securities and debt securities issued by governmental entities and private issuers.Investment Process: In managing the Fund, the adviser uses a bottom-up stock selection process that focuses on the value, quality and momentum characteristics to decide which securities to buy and sell. 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 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.
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VEUVX - Performance
Return Ranking - Trailing
| Period | VEUVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.3% | -3.7% | 22.1% | 16.09% |
| 1 Yr | 12.5% | 2.6% | 27.9% | 16.09% |
| 3 Yr | 3.2%* | -11.2% | 7.3% | 20.93% |
| 5 Yr | 7.7%* | -0.5% | 10.5% | 17.86% |
| 10 Yr | N/A* | 1.6% | 8.5% | 36.99% |
* Annualized
Return Ranking - Calendar
| Period | VEUVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.8% | 2.0% | 24.1% | 64.37% |
| 2022 | -16.0% | -45.1% | -3.8% | 23.26% |
| 2021 | 15.3% | -8.7% | 23.4% | 41.18% |
| 2020 | 7.4% | -19.4% | 44.5% | 40.48% |
| 2019 | 18.1% | 7.4% | 44.8% | 77.11% |
Total Return Ranking - Trailing
| Period | VEUVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.3% | -3.7% | 22.1% | 16.09% |
| 1 Yr | 12.5% | 2.6% | 27.9% | 16.09% |
| 3 Yr | 3.2%* | -11.2% | 7.3% | 20.93% |
| 5 Yr | 7.7%* | -0.5% | 10.5% | 17.86% |
| 10 Yr | N/A* | 1.6% | 8.5% | 35.62% |
* Annualized
Total Return Ranking - Calendar
| Period | VEUVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.8% | 3.7% | 27.2% | 50.57% |
| 2022 | -15.0% | -45.1% | -0.6% | 24.42% |
| 2021 | 18.3% | -1.2% | 24.7% | 37.65% |
| 2020 | 9.0% | -19.4% | 55.6% | 48.81% |
| 2019 | 22.0% | 13.5% | 46.3% | 83.13% |
NAV & Total Return History
VEUVX - Holdings
Concentration Analysis
| VEUVX | Category Low | Category High | VEUVX % Rank | |
|---|---|---|---|---|
| Net Assets | 556 M | 5.07 M | 24.7 B | 34.09% |
| Number of Holdings | 72 | 18 | 1834 | 40.23% |
| Net Assets in Top 10 | 159 M | 1.52 M | 5.23 B | 41.38% |
| Weighting of Top 10 | 30.30% | 7.7% | 102.0% | 62.07% |
Top 10 Holdings
- Novo Nordisk A/S, Class B 5.07%
- Shell plc 5.01%
- SAP SE 3.10%
- JPMorgan Prime Money Market Fund, Class Institutional 2.93%
- TotalEnergies SE 2.60%
- Air Liquide SA 2.51%
- Novartis AG (Registered) 2.36%
- GSK plc 2.26%
- Coca-Cola HBC AG 2.26%
- UniCredit SpA 2.19%
Asset Allocation
| Weighting | Return Low | Return High | VEUVX % Rank | |
|---|---|---|---|---|
| Stocks | 95.76% | 0.00% | 108.46% | 81.61% |
| Cash | 4.24% | 0.05% | 26.39% | 18.39% |
| Other | 0.01% | -12.19% | 11.18% | 12.64% |
| Preferred Stocks | 0.00% | 0.00% | 4.56% | 59.77% |
| Convertible Bonds | 0.00% | 0.00% | 0.81% | 32.18% |
| Bonds | 0.00% | 0.00% | 80.40% | 26.44% |
VEUVX - Expenses
Operational Fees
| VEUVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.75% | 0.07% | 3.85% | 66.67% |
| Management Fee | 0.60% | 0.06% | 1.19% | 34.09% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.08% | 0.01% | 0.25% | 38.89% |
Sales Fees
| VEUVX 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% | 1.00% | N/A |
Trading Fees
| VEUVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
| VEUVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 1.68% | 184.00% | 88.04% |
VEUVX - Distributions
Dividend Yield Analysis
| VEUVX | Category Low | Category High | VEUVX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.21% | 0.00% | 6.89% | 23.86% |
Dividend Distribution Analysis
| VEUVX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| VEUVX | Category Low | Category High | VEUVX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.83% | -1.72% | 4.06% | 36.78% |
Capital Gain Distribution Analysis
| VEUVX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2023 | $1.038 | OrdinaryDividend |
| Dec 20, 2022 | $0.329 | OrdinaryDividend |
| Dec 20, 2021 | $0.779 | OrdinaryDividend |
| Dec 18, 2020 | $0.392 | OrdinaryDividend |
| Dec 19, 2019 | $0.822 | OrdinaryDividend |
| Dec 19, 2018 | $0.681 | OrdinaryDividend |
VEUVX - Fund Manager Analysis
Managers
John Baker
Start Date
Tenure
Tenure Rank
Jul 01, 2005
16.93
16.9%
John Baker has been employed by JPMIM or its affiliates (or one of their predecessors) since 1994, as an assistant on the UK retail funds desk, now integrated into the European Equity Group. John obtained a BA from University College Cork, Ireland. He is an Associate of the Institute of Investment Management & Research.
Jonathan Ingram
Start Date
Tenure
Tenure Rank
Apr 05, 2007
15.16
15.2%
Jon Ingram has been employed by JPMIM or its affiliates (or one of their predecessors) since 2000. Prior to this, he was a quantitative investment analyst in the currency group. He obtained an M.Eng(Hons) in Natural Sciences (Metallurgy) from Oxford University. He is a CFA charterholder.
Blake Crawford
Start Date
Tenure
Tenure Rank
Apr 01, 2019
3.17
3.2%
Blake Crawford, CFA, is a portfolio manager within the Unconstrained portfolios sub-team of the J.P. Morgan Asset Management International Equity Group — Behavioural Finance Team. Mr. Crawford has been employed by JPMIM or its affiliates (or one of their predecessors) since 2008. Blake previously worked at Man Investments. Prior to that, he worked as a financial regulatory accountant at Wachovia and before that, he worked in financial institutions support at Barclays Capital. Blake obtained a BSc in Economics from the University of Bath. Blake is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 24.59 | 7.25 | 0.64 |