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Undiscovered Managers Behavioral Value Fund
mutual fund
UBVTX
Payout Change
Pending
Price as of:
$87.93
-0.53
-0.6%
primary theme
U.S. Small-Cap Value Equity
UBVTX (Mutual Fund)
Undiscovered Managers Behavioral Value Fund
Payout Change
Pending
Price as of:
$87.93
-0.53
-0.6%
primary theme
U.S. Small-Cap Value Equity
UBVTX (Mutual Fund)
Undiscovered Managers Behavioral Value Fund
Payout Change
Pending
Price as of:
$87.93
-0.53
-0.6%
primary theme
U.S. Small-Cap Value Equity
Name
As of 12/10/2024Price
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
15.5%
1 yr return
22.2%
3 Yr Avg Return
9.6%
5 Yr Avg Return
12.9%
Net Assets
$8.56 B
Holdings in Top 10
29.6%
52 WEEK LOW AND HIGH
$88.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.36%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 30.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
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
UBVTX - Profile
Distributions
- YTD Total Return 15.5%
- 3 Yr Annualized Total Return 9.6%
- 5 Yr Annualized Total Return 12.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.78%
- Dividend Yield 1.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameUndiscovered Managers Behavioral Value Fund
-
Fund Family NameJPMorgan Funds
-
Inception DateMar 01, 2017
-
Shares Outstanding76375
-
Share ClassR3
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Potter
Fund Description
The Fund seeks to achieve its objective by investing in common stocks of U.S. companies that the Fund’s sub-adviser, Fuller & Thaler Asset Management, Inc. (FullerThaler), believes have value characteristics. Such common stocks often include, but are not limited to, stocks of small capitalization companies, similar to those that are included in the Russell 2000® Value Index. FullerThaler's strategy focuses on, but is not limited to, the Fund investing in small capitalization companies; additionally, the Fund may buy, continue to hold, as well as make additional investments in, a stock if it is above, or has appreciated beyond the market capitalization of the largest company included in the Russell 2000® Value Index. The Fund may also invest in real estate investment trusts (REITs).A REIT is a pooled investment vehicle that generally invests in income-producing real estate or real estate-related loans or interests. REITs are classified as equity REITs, mortgage REITs or hybrid REITs. Equity REITs, which invest the majority of their assets directly in real property, derive their income primarily from rents.In selecting stocks for the Fund, FullerThalerapplies principles based on behavioral finance. FullerThalerbelieves that behavioral biases on the part of investors may cause the market to overreact to old, negative information and underreact to new, positive information concerning a company. In an effort to take advantage of such behavioral biases, FullerThalergenerally utilizes a three-pronged approach that includes (i) positive signals such as significant share purchases by company insiders or stock repurchase activity by the company, (ii) evidence of overreaction due to behavioral factors that have resulted in an absolute or relative decline in valuation and (iii) analysis of the company fundamentals with regard to business model, valuation and credit risk.
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UBVTX - Performance
Return Ranking - Trailing
| Period | UBVTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.5% | -4.1% | 31.2% | 47.37% |
| 1 Yr | 22.2% | 5.3% | 40.7% | 52.87% |
| 3 Yr | 9.6%* | -10.0% | 75.3% | 14.71% |
| 5 Yr | 12.9%* | -2.8% | 53.0% | 15.50% |
| 10 Yr | N/A* | -2.7% | 28.5% | 5.90% |
* Annualized
Return Ranking - Calendar
| Period | UBVTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.0% | -6.0% | 33.6% | 85.13% |
| 2022 | -9.6% | -33.6% | 212.9% | 15.93% |
| 2021 | 29.5% | -62.0% | 147.6% | 19.75% |
| 2020 | 2.3% | -24.8% | 31.3% | 50.90% |
| 2019 | 17.0% | -21.7% | 34.0% | 64.23% |
Total Return Ranking - Trailing
| Period | UBVTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.5% | -4.1% | 31.2% | 47.37% |
| 1 Yr | 22.2% | 5.3% | 40.7% | 52.87% |
| 3 Yr | 9.6%* | -10.0% | 75.3% | 14.71% |
| 5 Yr | 12.9%* | -2.8% | 53.0% | 15.50% |
| 10 Yr | N/A* | -2.7% | 28.5% | 5.42% |
* Annualized
Total Return Ranking - Calendar
| Period | UBVTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.0% | 1.8% | 35.4% | 64.51% |
| 2022 | -1.6% | -25.2% | 250.0% | 8.09% |
| 2021 | 33.8% | -3.0% | 157.9% | 34.43% |
| 2020 | 3.0% | -13.5% | 33.4% | 55.81% |
| 2019 | 22.7% | -1.5% | 34.3% | 42.28% |
NAV & Total Return History
UBVTX - Holdings
Concentration Analysis
| UBVTX | Category Low | Category High | UBVTX % Rank | |
|---|---|---|---|---|
| Net Assets | 8.56 B | 2.79 M | 54 B | 4.31% |
| Number of Holdings | 103 | 10 | 1599 | 55.74% |
| Net Assets in Top 10 | 3 B | 1.04 M | 3.62 B | 3.35% |
| Weighting of Top 10 | 29.65% | 5.2% | 92.1% | 22.54% |
Top 10 Holdings
- JPMorgan Prime Money Market Fund, Class IM 5.33%
- KeyCorp 3.60%
- Healthpeak Properties, Inc. 2.91%
- Old National Bancorp 2.81%
- Citizens Financial Group, Inc. 2.64%
- Berry Global Group, Inc. 2.56%
- Graphic Packaging Holding Co. 2.53%
- FNB Corp. 2.49%
- Dentsply Sirona, Inc. 2.46%
- Devon Energy Corp. 2.33%
Asset Allocation
| Weighting | Return Low | Return High | UBVTX % Rank | |
|---|---|---|---|---|
| Stocks | 94.58% | 6.25% | 105.88% | 91.39% |
| Cash | 5.51% | 0.00% | 37.64% | 19.86% |
| Preferred Stocks | 0.00% | 0.00% | 1.05% | 72.97% |
| Other | 0.00% | -1.07% | 38.91% | 80.38% |
| Convertible Bonds | 0.00% | 0.00% | 2.63% | 72.09% |
| Bonds | 0.00% | 0.00% | 90.12% | 72.49% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | UBVTX % Rank | |
|---|---|---|---|---|
| Financial Services | 28.46% | 0.00% | 35.71% | 15.93% |
| Consumer Cyclical | 18.31% | 0.35% | 51.62% | 10.78% |
| Industrials | 13.82% | 0.65% | 48.61% | 84.80% |
| Real Estate | 7.71% | 0.00% | 44.41% | 49.75% |
| Utilities | 7.11% | 0.00% | 13.86% | 3.68% |
| Energy | 6.91% | 0.00% | 29.42% | 65.44% |
| Basic Materials | 6.36% | 0.00% | 67.30% | 32.84% |
| Technology | 5.66% | 0.00% | 27.23% | 91.18% |
| Healthcare | 3.82% | 0.00% | 25.76% | 79.41% |
| Consumer Defense | 1.21% | 0.00% | 13.22% | 93.38% |
| Communication Services | 0.64% | 0.00% | 17.58% | 85.29% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | UBVTX % Rank | |
|---|---|---|---|---|
| US | 94.58% | 6.25% | 105.88% | 84.21% |
| Non US | 0.00% | 0.00% | 77.52% | 77.03% |
UBVTX - Expenses
Operational Fees
| UBVTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.36% | 0.05% | 37.04% | 36.84% |
| Management Fee | 0.75% | 0.00% | 1.50% | 43.41% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 55.46% |
| Administrative Fee | 0.08% | 0.01% | 0.35% | 39.23% |
Sales Fees
| UBVTX 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% | 4.00% | N/A |
Trading Fees
| UBVTX 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.
| UBVTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 30.00% | 7.00% | 252.00% | 18.36% |
UBVTX - Distributions
Dividend Yield Analysis
| UBVTX | Category Low | Category High | UBVTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.23% | 0.00% | 14.14% | 9.09% |
Dividend Distribution Analysis
| UBVTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| UBVTX | Category Low | Category High | UBVTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.78% | -1.43% | 4.13% | 26.96% |
Capital Gain Distribution Analysis
| UBVTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2023 | $1.087 | OrdinaryDividend |
| Dec 13, 2023 | $1.806 | CapitalGainShortTerm |
| Dec 13, 2023 | $3.481 | CapitalGainLongTerm |
| Dec 20, 2022 | $0.568 | OrdinaryDividend |
| Dec 13, 2022 | $5.926 | OrdinaryDividend |
| Dec 20, 2021 | $0.537 | OrdinaryDividend |
| Dec 13, 2021 | $2.038 | OrdinaryDividend |
| Dec 18, 2020 | $0.401 | OrdinaryDividend |
| Jun 26, 2020 | $0.005 | CapitalGainLongTerm |
| Dec 19, 2019 | $0.325 | OrdinaryDividend |
| Dec 12, 2019 | $0.160 | CapitalGainShortTerm |
| Dec 12, 2019 | $2.464 | CapitalGainLongTerm |
| Dec 19, 2018 | $0.740 | OrdinaryDividend |
| Dec 12, 2018 | $0.534 | CapitalGainShortTerm |
| Dec 12, 2018 | $4.852 | CapitalGainLongTerm |
| Dec 20, 2017 | $0.709 | OrdinaryDividend |
| Dec 13, 2017 | $1.050 | CapitalGainShortTerm |
| Dec 13, 2017 | $1.450 | CapitalGainLongTerm |
UBVTX - Fund Manager Analysis
Managers
David Potter
Start Date
Tenure
Tenure Rank
Aug 01, 2005
16.84
16.8%
Mr. Potter is the Portfolio Manager responsible for the Small Cap Value and Mid-Cap Value strategies at Fuller & Thaler and has ultimate decision-making authority for all investment aspects of his strategies. He has been with the firm since 2005 and has been in the financial industry since 1994. Prior to joining Fuller & Thaler, he was a Vice President at Goldman Sachs. Previously, he was an Associate Director 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
2.78
2.8%
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 |
|---|---|---|---|
| 0.08 | 37.45 | 8.23 | 3.58 |
