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Trending ETFs

JPMorgan Opportunistic Equity Long/Short Fund

mutual fund
JOELX
Payout Change
Pending
Price as of:
$17.56 -0.01 -0.06%
primary theme
N/A
share class
Inst (JOEQX) Retirement (JOERX) C (JOECX) A (JOELX)
JOELX (Mutual Fund)

JPMorgan Opportunistic Equity Long/Short Fund

Payout Change
Pending
Price as of:
$17.56 -0.01 -0.06%
primary theme
N/A
share class
Inst (JOEQX) Retirement (JOERX) C (JOECX) A (JOELX)
JOELX (Mutual Fund)

JPMorgan Opportunistic Equity Long/Short Fund

Payout Change
Pending
Price as of:
$17.56 -0.01 -0.06%
primary theme
N/A
share class
Inst (JOEQX) Retirement (JOERX) C (JOECX) A (JOELX)

Name

As of 09/18/2023

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

JPMorgan Opportunistic Equity Long/Short Fund

JOELX | Fund

$17.56

$260 M

0.00%

2.44%

Vitals

YTD Return

-0.6%

1 yr return

-2.5%

3 Yr Avg Return

3.8%

5 Yr Avg Return

5.0%

Net Assets

$260 M

Holdings in Top 10

76.0%

52 WEEK LOW AND HIGH

$17.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.44%

SALES FEES

Front Load 5.25%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 09/18/2023

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

JPMorgan Opportunistic Equity Long/Short Fund

JOELX | Fund

$17.56

$260 M

0.00%

2.44%

JOELX - Profile

Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -2.08%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    JPMorgan Opportunistic Equity Long/Short Fund
  • Fund Family Name
    JPMorgan Funds
  • Inception Date
    Aug 29, 2014
  • Shares Outstanding
    1331562
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Rick Singh

Fund Description

Under normal circumstances, the Fund will invest at least 80% of its Assets in long and short positions in equity securities, selecting from a universe of equity securities with market capitalizations similar to those included in the Russell 1000 and/ or S&P 500 Index, at the time of purchase. As of December 31, 2022, the market capitalization of the companies in the Russell 1000 Index ranged from $306 million to $2,088 billion. As of December 31, 2022, the market capitalization of the companies in the S&P 500 Index ranged from $3.64 billion to $2,088 billion. “Assets” means net assets plus the amount of borrowings for investment purposes.Part of the Fund’s investment strategy is to attempt to achieve lower volatility than that of its primary benchmark, the S&P 500 Index. Volatility management starts during the stock selection research process before inclusion in the portfolio. The Fund’s adviser will employ a number of strategies to manage the Fund’s volatility, including altering the Fund’s portfolio composition, adjusting the Fund’s gross exposure or net exposure, holding significant cash balances, or investing in options (to attempt to limit losses from stock positions). In implementing its strategy, the Fund primarily will buy or sell short common stocks, including real estate investment trusts (REITs) and depositary receipts.As the set of investment opportunities is constantly evolving, the Fund’s net exposure (the value of the Fund’s aggregate long positions minus its short positions) will vary over time. While in most instances the net exposure will be positive (more long exposure than short exposure), it is possible that the investment opportunities result in a net short exposure. Net exposure will range from -30% to +80%. The Fund’s gross equity market exposure is limited to 200%.Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.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 equity index futures contracts and options, both long and short, to gain or reduce exposure to specific investments or the overall equity market. The Fund may also invest in exchange traded funds (ETFs) for these purposes.The Fund is non-diversified.Investment Process: J.P. Morgan Investment Management Inc., (JPMIM or the adviser) employs a process that combines research, valuation and stock selection to identify investments. Long and short positions are vetted through a disciplined research process and valuation framework which leverages the insights of the adviser’s fundamental analyst platform that actively analyzes approximately 800 stocks. The adviser buys long positions in companies with strong management teams, strong competitive positions and earnings growth rates in excess of peers. Long purchases may also be companies that the adviser believes have improving investment factors, such as business drivers (revenues, profitability, capital intensity, and capital allocation), industry structure, regulatory environment and/or legal risk. Short sales generally are characterized by companies with deteriorating incremental changes in such investment factors. The adviser may also take short positions as part of its volatility management. The adviser may sell a long position or cover a short position due to a change in the company’s fundamentals, a change in the original reason for purchase of an investment, or if the adviser no longer considers the security to be reasonably valued. Investments may also be sold or covered if the adviser identifies another investment that it believes offers a better opportunity. 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 issuersmay 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.
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JOELX - Performance

Return Ranking - Trailing

Period JOELX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -13.0% 24.5% 81.46%
1 Yr -2.5% -19.1% 18.1% 92.40%
3 Yr 3.8%* -27.9% 29.2% 63.23%
5 Yr 5.0%* -14.2% 16.2% 41.61%
10 Yr N/A* -8.0% 5.6% N/A

* Annualized

Return Ranking - Calendar

Period JOELX Return Category Return Low Category Return High Rank in Category (%)
2023 -19.6% -54.0% 17.4% 83.95%
2022 1.1% -40.0% 54.1% 67.31%
2021 21.8% -47.6% 88.4% 12.00%
2020 1.8% -20.3% 62.6% 86.52%
2019 -2.8% -53.1% 12.7% 20.59%

Total Return Ranking - Trailing

Period JOELX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -13.0% 24.5% 81.46%
1 Yr -2.5% -9.9% 27.3% 92.40%
3 Yr 3.8%* -27.5% 49.9% 63.23%
5 Yr 5.0%* -6.5% 28.4% 41.61%
10 Yr N/A* -3.7% 9.0% N/A

* Annualized

Total Return Ranking - Calendar

Period JOELX Return Category Return Low Category Return High Rank in Category (%)
2023 -19.6% -54.0% 50.3% 91.36%
2022 23.1% -40.0% 61.6% 31.41%
2021 32.0% -29.9% 91.0% 12.67%
2020 1.8% -17.9% 79.4% 89.36%
2019 -1.1% -47.8% 12.7% 20.59%

NAV & Total Return History

JOELX - Holdings

Concentration Analysis

JOELX Category Low Category High JOELX % Rank
Net Assets 260 M 1.78 M 147 B 30.56%
Number of Holdings 50 3 2670 68.36%
Net Assets in Top 10 197 M -175 M 1.1 B 24.29%
Weighting of Top 10 75.97% 1.5% 100.0% 22.03%

Top 10 Holdings

  1. JPMorgan Prime Money Market Fund, Class Institutional 31.44%
  2. UnitedHealth Group, Inc. 8.25%
  3. PGE Corp. 7.32%
  4. Fiserv, Inc. 5.88%
  5. Walmart, Inc. 4.54%
  6. SPDR SP 500 ETF Trust 4.15%
  7. NXP Semiconductors NV 3.99%
  8. Berkshire Hathaway, Inc., Class B 3.91%
  9. Taiwan Semiconductor Manufacturing Co. Ltd. 3.56%
  10. NVIDIA Corp. 2.93%

Asset Allocation

Weighting Return Low Return High JOELX % Rank
Cash 		48.33% -67.46% 106.99% 29.94%
Stocks 		47.39% -2.90% 119.13% 72.88%
Other 		0.13% -35.22% 39.56% 37.29%
Preferred Stocks 		0.00% 0.00% 7.08% 55.37%
Convertible Bonds 		0.00% -0.02% 4.48% 50.88%
Bonds 		0.00% -48.31% 85.44% 64.97%

Stock Sector Breakdown

Weighting Return Low Return High JOELX % Rank
Healthcare 		24.40% 0.00% 100.00% 11.26%
Consumer Defense 		17.27% 0.00% 33.38% 5.96%
Technology 		17.24% 0.00% 43.24% 57.62%
Industrials 		16.97% 0.00% 31.93% 13.25%
Consumer Cyclical 		14.22% 0.00% 88.83% 17.22%
Financial Services 		3.34% 0.00% 83.83% 94.04%
Utilities 		2.79% 0.00% 21.71% 37.75%
Real Estate 		2.36% 0.00% 10.93% 40.40%
Communication Services 		1.41% 0.00% 32.32% 90.07%
Energy 		0.00% 0.00% 32.57% 92.72%
Basic Materials 		0.00% 0.00% 28.58% 94.04%

Stock Geographic Breakdown

Weighting Return Low Return High JOELX % Rank
US 		47.39% -24.26% 116.70% 67.80%
Non US 		0.00% -43.01% 95.82% 63.84%

JOELX - Expenses

Operational Fees

JOELX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.44% 0.44% 13.51% 35.00%
Management Fee 1.05% 0.00% 2.50% 36.67%
12b-1 Fee 0.25% 0.00% 1.00% 44.90%
Administrative Fee 0.08% 0.03% 1.54% 26.09%

Sales Fees

JOELX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 2.50% 5.75% 70.37%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

JOELX 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.

JOELX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 479.00% 98.78%

JOELX - Distributions

Dividend Yield Analysis

JOELX Category Low Category High JOELX % Rank
Dividend Yield 0.00% 0.00% 9.38% 62.22%

Dividend Distribution Analysis

JOELX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually Annually Annually

Net Income Ratio Analysis

JOELX Category Low Category High JOELX % Rank
Net Income Ratio -2.08% -3.33% 2.16% 91.57%

Capital Gain Distribution Analysis

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

Distributions History

View More +

JOELX - Fund Manager Analysis

Managers

Rick Singh

Start Date

Tenure

Tenure Rank

Aug 29, 2014

7.76

7.8%

Mr. Singh, is a senior member of the U.S. Equity Core team and has worked as a portfolio manager for J.P. Morgan Investment Management Inc. since 2013. Prior to joining the firm, Mr. Singh was a partner/Managing Director at 3G Capital, Standard Pacific and Karsch Capital. Mr. Singh began his investment career in 2000 and earned a B.S. in Commerce from University of Virginia.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 23.55 5.96 7.93

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