JPMorgan Hedged Equity R5
- JHQPX
- Price as of: Jan 20, 2021
-
$24.26
N/A N/A
- Primary Theme
- Options-based
- Fund Company
- J.P. Morgan
- Share Class
JHQPX - Snapshot
Vitals
- YTD Return 1.7%
- 3 Yr Annualized Return 8.8%
- 5 Yr Annualized Return 9.8%
- Net Assets $14.4 B
- Holdings in Top 10 29.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.59%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 68.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
-
Primary Theme
Options-based
- Fund Type Open End Mutual Fund
- Investment Style Options-based
JHQPX - Profile
Distributions
- YTD Total Return 1.7%
- 3 Yr Annualized Total Return 8.8%
- 5 Yr Annualized Total Return 9.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.74%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameJPMorgan Hedged Equity Fund
-
Fund Family NameJ.P. Morgan
-
Inception DateDec 13, 2013
-
Shares Outstanding155003
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRaffaele Zingone
Fund Description
Under normal circumstances, the fund invests at least 80% of its assets in equity securities. The advisor uses an enhanced index strategy to invest in these equity securities, which primarily consist of common stocks of large capitalization U.S. companies. The fund's investments in equity securities will be primarily in common stocks of U.S. companies with market capitalizations similar to those within the universe of the S&P 500 Index.
JHQPX - Performance
Return Ranking - Trailing
| Period | JHQPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.7% | -2.0% | 9.4% | 32.93% |
| 1 Yr | 14.2% | -26.5% | 28.6% | 9.82% |
| 3 Yr | 8.8%* | -13.4% | 18.1% | 14.65% |
| 5 Yr | 9.8%* | -5.4% | 15.8% | 6.78% |
| 10 Yr | N/A* | -5.2% | 13.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | JHQPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 12.7% | -34.1% | 904.0% | 9.91% |
| 2019 | 12.0% | -28.6% | 28.4% | 42.77% |
| 2018 | -1.8% | -93.5% | 8.2% | 4.83% |
| 2017 | 11.6% | -38.9% | 19.8% | 17.83% |
| 2016 | 8.0% | -10.9% | 12.8% | 6.80% |
Total Return Ranking - Trailing
| Period | JHQPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.7% | -0.8% | 10.6% | 34.14% |
| 1 Yr | 14.2% | -26.5% | 28.6% | 9.38% |
| 3 Yr | 8.8%* | -13.4% | 18.1% | 13.38% |
| 5 Yr | 9.8%* | -5.8% | 15.8% | 6.78% |
| 10 Yr | N/A* | -5.2% | 13.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | JHQPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 12.7% | -34.1% | 904.0% | 9.91% |
| 2019 | 12.0% | -5.9% | 28.4% | 43.35% |
| 2018 | -0.5% | -30.9% | 8.2% | 7.59% |
| 2017 | 12.9% | -23.4% | 19.8% | 16.28% |
| 2016 | 9.8% | -10.9% | 12.8% | 9.71% |
NAV & Total Return History
JHQPX - Holdings
Concentration Analysis
| JHQPX | Category Low | Category High | JHQPX % Rank | |
|---|---|---|---|---|
| Net Assets | 14.4 B | 1.38 M | 14.4 B | 0.80% |
| Number of Holdings | 193 | 1 | 509 | 17.27% |
| Net Assets in Top 10 | 4.25 B | -3.82 M | 4.25 B | 0.80% |
| Weighting of Top 10 | 29.65% | 11.6% | 100.0% | 65.49% |
Top 10 Holdings
- Apple Inc 6.61%
- Microsoft Corp 6.28%
- Amazon.com Inc 4.91%
- Future on S&P 500 Dec20 3.92%
- Future on S&P 500 Dec20 3.92%
- Future on S&P 500 Dec20 3.92%
- Future on S&P 500 Dec20 3.92%
- Future on S&P 500 Dec20 3.92%
- Future on S&P 500 Dec20 3.92%
- Future on S&P 500 Dec20 3.92%
Asset Allocation
| Weighting | Return Low | Return High | JHQPX % Rank | |
|---|---|---|---|---|
| Stocks | 98.66% | -3.45% | 100.19% | 21.69% |
| Cash | 1.34% | -28.61% | 100.11% | 71.49% |
| Preferred Stocks | 0.00% | 0.00% | 5.20% | 37.75% |
| Other | 0.00% | -5.49% | 74.19% | 49.40% |
| Convertible Bonds | 0.00% | 0.00% | 27.25% | 40.16% |
| Bonds | 0.00% | 0.00% | 97.55% | 44.98% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JHQPX % Rank | |
|---|---|---|---|---|
| Technology | 24.33% | 0.00% | 44.21% | 18.58% |
| Financial Services | 14.59% | 0.00% | 27.65% | 26.11% |
| Healthcare | 13.67% | 0.00% | 29.45% | 43.36% |
| Consumer Cyclical | 11.84% | 0.00% | 19.03% | 48.67% |
| Communication Services | 11.43% | 0.00% | 21.22% | 15.49% |
| Industrials | 8.59% | 2.38% | 44.47% | 72.57% |
| Consumer Defense | 6.78% | 0.00% | 26.50% | 81.42% |
| Utilities | 2.84% | 0.00% | 14.11% | 49.56% |
| Energy | 2.28% | 0.00% | 65.03% | 56.64% |
| Basic Materials | 1.89% | 0.00% | 64.14% | 86.73% |
| Real Estate | 1.77% | 0.00% | 8.92% | 81.86% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JHQPX % Rank | |
|---|---|---|---|---|
| US | 97.01% | -3.45% | 99.69% | 21.69% |
| Non US | 1.65% | -0.10% | 98.16% | 33.33% |
JHQPX - Expenses
Operational Fees
| JHQPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.59% | 0.20% | 6.78% | 96.22% |
| Management Fee | 0.25% | 0.20% | 1.75% | 3.23% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.03% | 0.28% | 63.27% |
Sales Fees
| JHQPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| JHQPX 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.
| JHQPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 68.00% | 0.00% | 456.80% | 67.12% |
JHQPX - Distributions
Dividend Yield Analysis
| JHQPX | Category Low | Category High | JHQPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 8.12% | 42.17% |
Dividend Distribution Analysis
| JHQPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| JHQPX | Category Low | Category High | JHQPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.74% | -2.13% | 14.24% | 15.06% |
Capital Gain Distribution Analysis
| JHQPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 28, 2019 | $0.060 |
| Dec 31, 2018 | $0.003 |
| Dec 20, 2018 | $0.066 |
| Sep 27, 2018 | $0.064 |
| Jun 28, 2018 | $0.061 |
| Mar 28, 2018 | $0.049 |
| Dec 21, 2017 | $0.067 |
| Sep 28, 2017 | $0.048 |
| Jun 29, 2017 | $0.054 |
| Mar 30, 2017 | $0.054 |
| Dec 21, 2016 | $0.069 |
| Sep 29, 2016 | $0.083 |
| Jun 29, 2016 | $0.064 |
| Mar 30, 2016 | $0.048 |
| Dec 22, 2015 | $0.077 |
| Sep 29, 2015 | $0.044 |
| Jun 29, 2015 | $0.056 |
| Mar 30, 2015 | $0.044 |
| Dec 31, 2014 | $0.005 |
| Dec 22, 2014 | $0.064 |
| Oct 01, 2014 | $0.004 |
| Jul 01, 2014 | $0.114 |
| Apr 01, 2014 | $0.067 |
| Jan 02, 2014 | $0.011 |
JHQPX - Fund Manager Analysis
Managers
Raffaele Zingone
Start Date
Tenure
Tenure Rank
Dec 13, 2013
7.05
7.1%
Raffaele Zingone, managing director, is a portfolio manager on the U.S. Disciplined Equity Team. An employee since 1991, Ralph is responsible for the Research Enhanced Index (REI) strategies. Prior to this role, he was a research analyst following the aerospace, environmental, and diversified manufacturing sectors. Upon joining the firm, he was a quantitative equity analyst and later served as a U.S. Equity portfolio manager in London and New York. Ralph received his B.A. in mathematics and economics from the College of the Holy Cross and his M.B.A. in finance from New York University. He is a CFA charterholder.
Hamilton Reiner
Start Date
Tenure
Tenure Rank
Dec 13, 2013
7.05
7.1%
Hamilton Reiner, a Managing Director of J.P. Morgan Investment Management, Inc., is responsible for implementing the Fund’s overlay options strategy and for providing insight with respect to the impact to the options strategy of purchasing certain securities. Mr. Reiner has been the head of U.S. Equity Derivatives at JPMIM since 2012. He joined JPMorgan Chase in 2009 and from 2009 to 2012, he was a portfolio manager and head of U.S. Equity Derivatives at JPMorgan Chase. Prior to joining the firm, Mr. Reiner was head of the Equity Long/Short Prime Brokerage platform at Barclays Capital.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.03 | 19.52 | 3.74 | 5.42 |