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Trending ETFs

Name

As of 12/18/2023

Price

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

$41.61

$828 M

0.75%

$0.31

0.71%

Vitals

YTD Return

25.0%

1 yr return

25.9%

3 Yr Avg Return

9.3%

5 Yr Avg Return

16.5%

Net Assets

$828 M

Holdings in Top 10

47.2%

52 WEEK LOW AND HIGH

$41.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.71%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 21.00%

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 12/18/2023

Price

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

$41.61

$828 M

0.75%

$0.31

0.71%

JPDEX - Profile

Distributions

  • YTD Total Return 25.0%
  • 3 Yr Annualized Total Return 9.3%
  • 5 Yr Annualized Total Return 16.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.45%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    JPMorgan Tax Aware Equity Fund
  • Fund Family Name
    JPMorgan Funds
  • Inception Date
    Jan 21, 1998
  • Shares Outstanding
    16793044
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Susan Bao

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. In implementing its main strategy, the Fund primarily invests in common stocks of large and medium capitalization U.S. companies, but it may also invest up to 20% of its Assets in common stocks of foreign companies, including depositary receipts. Large and medium capitalization companies are companies with market capitalizations equal to those within the universe of the S&P 500 Index at the time of purchase. As of December 31, 2022, the market capitalizations of the companies in the S&P 500 Index ranged from $3.64 billion to $2,088 billion.The Fund focuses on those equity securities that it considers attractively valued and seeks to outperform the Benchmark through superior stock selection. By emphasizing attractively valued equity securities, the Fund seeks to produce returns that exceed those of the Benchmark.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.The Fund seeks to minimize shareholders’ tax liability in connection with the Fund’s distribution of realized capital gain by minimizing the net gains available for distribution. As part of its tax aware strategy, the Fund typically sells securities when the anticipated performance benefit justifies the resulting gain. This strategy often includes minimizing the sale of securities with large unrealized gain, holding securities long enough to avoid short-term capital gains taxes, selling securities with a higher cost basis first and offsetting capital gains realized in one security by selling another security at a capital loss. In addition, the Fund seeks to minimize distributions that are taxed as ordinary income and not qualified dividend income.Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years, which is designed to provide insight into a company’s real growth potential. The research findings allow the adviser to rank the companies in 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 (ESG) factors on many issuers in the universe in which the Fund invests. 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 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.On behalf of the Fund, the adviser then buys and sells equity securities, using the research and valuation rankings as a basis. In general, the adviser buys equity securities that are identified as attractively valued and considers selling them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria:catalysts that could trigger a rise in a stock’s pricehigh perceived potential reward compared to perceived potential riskpossible temporary mispricings caused by apparent market overreactionsThe frequency with which the Fund buys and sells securities will vary from year to year, depending on market conditions and the implementation of the tax aware strategy.
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JPDEX - Performance

Return Ranking - Trailing

Period JPDEX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.0% -9.3% 72.1% 81.71%
1 Yr 25.9% -8.2% 117.6% 80.61%
3 Yr 9.3%* -30.7% 26.3% 8.68%
5 Yr 16.5%* -12.1% 31.9% 39.77%
10 Yr 11.9%* -4.9% 19.4% 51.75%

* Annualized

Return Ranking - Calendar

Period JPDEX Return Category Return Low Category Return High Rank in Category (%)
2023 -26.0% -85.9% 4.7% 14.64%
2022 11.2% -52.4% 60.5% 38.94%
2021 9.2% -34.3% 145.0% 95.57%
2020 21.8% -21.8% 49.4% 68.25%
2019 -8.5% -57.9% 10.6% 36.40%

Total Return Ranking - Trailing

Period JPDEX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.0% -9.3% 72.1% 81.71%
1 Yr 25.9% -8.2% 117.6% 80.61%
3 Yr 9.3%* -30.7% 26.3% 8.68%
5 Yr 16.5%* -12.1% 31.9% 39.77%
10 Yr 11.9%* -4.9% 19.4% 51.75%

* Annualized

Total Return Ranking - Calendar

Period JPDEX Return Category Return Low Category Return High Rank in Category (%)
2023 -19.9% -61.7% 5.6% 9.30%
2022 28.0% -39.8% 118.1% 13.76%
2021 25.4% 2.8% 149.2% 82.53%
2020 30.6% -5.2% 49.4% 70.34%
2019 -4.9% -21.9% 17.0% 78.77%

NAV & Total Return History


JPDEX - Holdings

Concentration Analysis

JPDEX Category Low Category High JPDEX % Rank
Net Assets 828 M 215 K 222 B 56.95%
Number of Holdings 44 1 3268 74.42%
Net Assets in Top 10 418 M 94.8 K 95.3 B 57.48%
Weighting of Top 10 47.25% 0.7% 150.0% 59.78%

Top 10 Holdings

  1. Microsoft Corp. 11.36%
  2. UnitedHealth Group, Inc. 5.51%
  3. Apple, Inc. 5.12%
  4. Amazon.com, Inc. 4.82%
  5. NVIDIA Corp. 4.14%
  6. Mastercard, Inc., Class A 4.11%
  7. Meta Platforms, Inc., Class A 3.43%
  8. NXP Semiconductors NV 3.07%
  9. ConocoPhillips 2.96%
  10. Exxon Mobil Corp. 2.73%

Asset Allocation

Weighting Return Low Return High JPDEX % Rank
Stocks
98.76% 0.00% 133.28% 50.08%
Cash
1.24% -1.50% 99.01% 51.50%
Preferred Stocks
0.00% 0.00% 6.54% 84.30%
Other
0.00% -42.51% 62.37% 81.48%
Convertible Bonds
0.00% 0.00% 1.94% 81.03%
Bonds
0.00% 0.00% 106.18% 82.14%

Stock Sector Breakdown

Weighting Return Low Return High JPDEX % Rank
Technology
25.37% 0.00% 65.70% 84.36%
Healthcare
15.60% 0.00% 39.76% 23.38%
Financial Services
12.35% 0.00% 43.06% 26.71%
Industrials
11.96% 0.00% 30.65% 9.40%
Communication Services
10.92% 0.00% 66.40% 44.68%
Consumer Cyclical
10.91% 0.00% 62.57% 81.03%
Consumer Defense
5.54% 0.00% 25.50% 21.88%
Energy
3.72% 0.00% 41.09% 14.98%
Utilities
1.97% 0.00% 16.07% 9.23%
Basic Materials
1.66% 0.00% 18.91% 39.60%
Real Estate
0.00% 0.00% 16.05% 93.76%

Stock Geographic Breakdown

Weighting Return Low Return High JPDEX % Rank
US
98.76% 0.00% 133.28% 35.30%
Non US
0.00% 0.00% 79.42% 88.29%

JPDEX - Expenses

Operational Fees

JPDEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.71% 0.01% 19.54% 75.42%
Management Fee 0.35% 0.00% 1.50% 12.34%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 1.02% 38.85%

Sales Fees

JPDEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

JPDEX 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.

JPDEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 0.00% 316.74% 27.09%

JPDEX - Distributions

Dividend Yield Analysis

JPDEX Category Low Category High JPDEX % Rank
Dividend Yield 0.75% 0.00% 49.00% 82.12%

Dividend Distribution Analysis

JPDEX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Annual Annual

Net Income Ratio Analysis

JPDEX Category Low Category High JPDEX % Rank
Net Income Ratio 0.45% -6.13% 3.48% 7.82%

Capital Gain Distribution Analysis

JPDEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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JPDEX - Fund Manager Analysis

Managers

Susan Bao


Start Date

Tenure

Tenure Rank

Oct 30, 2008

13.59

13.6%

Susan Bao, CFA, managing Director of JPMorgan Investment Management Inc. She is a lead portfolio manager at the firm. Ms. Bao is a senior member of the U.S. Equity Core team, has been a portfolio manager in the U.S. Equity Group since 2002 and has been employed by the firm since 1997. Susan manages the Large Cap Tax Aware Equity strategy and co-manages the Large Cap Core and Large Cap Core Plus (130/30) strategies. Previously, she was responsible for the implementation of U.S. equity analyst portfolios and a member of the Structured Equity team. Susan holds a B.S. from Centenary College and an M.B.A. in finance from New York University. She is also a holder of the CFA designation.

Laura Huang


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Ms. Huang has been a portfolio manager on the U.S. Equity Group since October 2017. An employee of JPMIM since 2005, Ms. Huang spent the prior twelve years as a research analyst, specializing in fintech and payments, as well as a broad range of sub-sectors within healthcare, industrials and financials. Ms. Huang graduated from New York University’s Stern School of Business and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.16 3.08