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JPMorgan Hedged Equity Fund - C (JHQCX)

JPMorgan Hedged Equity Fund - C (JHQCX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Annual operating expenses (%)
Expense cap expiration date 10/31/2015
Expense cap 1.35%
Total annual operating expenses 10.04%
Fee waivers and/or expense reimbursements 8.69%
Net expenses 1.35%

Fee waivers and/or expense reimbursements,Net Expenses
The Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date. This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.

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Fund balance
Expense cap 1.35%
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Total annual fees $
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The price of equity securities may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. The Fund's main investment strategies utilize a diversified equity portfolio and derivatives, with a Put/Spread Collar options overlay. This strategy may not provide greater market protection than other equity investments, particularly in rising equity markets when the Fund is expected to underperform traditional equity strategies or during times of low market volatility when the Fund is expected to perform in line with broad equity markets. The Fund also risks losing all or part of the cash paid for purchasing put options. Unusual market conditions or the lack of a ready market for any particular option at a specific time may reduce the effectiveness of the Fund's option strategies, and for these and other reasons, the Fund's option strategies may not reduce the Fund's volatility to the extent desired and could result in losses. In addition, derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.