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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

Objective

The Fund seeks to provide capital appreciation.

Strategy/Investment process

  • Seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies.
  • Uses an enhanced index strategy which invests primarily in common stocks of large capitalization U.S. companies.
  • Systematically purchases and sells exchange traded index put options and sells exchange traded index call options, employing an option overlay known as a "Put/Spread Collar" strategy.
  • Combination of the diversified portfolio of equity securities, downside protection from index put options and income from index call options is intended to provide the Fund with a portion of the returns associated with equity market investments while exposing investors to less risk than traditional long-only equity strategies.
Performance basics
  Annualized returns (as of 7/31/2015)
  1 Year 3 Year 5 Year Incept
at NAV 6.44% N/A N/A 7.01%
With 1.00% max. CDSC 5.44% N/A N/A 7.01%
S&P 500 Index 11.21% N/A N/A 13.20%
BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.01% N/A N/A 0.03%
Lipper Alternative Long/Short Equity Funds Average 3.52% N/A N/A 3.43%
  Annualized returns
(as of 6/30/2015)
  1 Year 3 Year 5 Year Incept
at NAV 4.79% N/A N/A 6.95%
With 1.00% max. CDSC 3.79% N/A N/A 6.95%
S&P 500 Index 7.42% N/A N/A 12.45%
BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.02% N/A N/A 0.03%
Lipper Alternative Long/Short Equity Funds Average 1.38% N/A N/A 3.11%

Performance Inception Date:12/13/13

The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end, please call 1-800-480-4111.

Lipper Index since inception returns are as of month-end. The performance quoted is past performance and is not a guarantee of future results.

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%

Net Expenses,Fee waivers and/or expense reimbursements
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.

Minimum investments
Minimum investments Minimum subsequent investments
Regular $1000 Regular $50
IRA $1000 IRA $50
Daily stats (as of 9/03/2015)
NAV YTD
$15.83 -3.36%
$0.01 | 0.06%  
 
NAV as of:
  • Mon
    Jul 27
    2015
    $16.39
     
  • Tue
    Jul 28
    2015
    $16.51
     
  • Wed
    Jul 29
    2015
    $16.57
     
  • Thu
    Jul 30
    2015
    $16.57
     
  • Fri
    Jul 31
    2015
    $16.53
     
  • Mon
    Aug 03
    2015
    $16.54
     
  • Tue
    Aug 04
    2015
    $16.52
     
  • Wed
    Aug 05
    2015
    $16.54
     
  • Thu
    Aug 06
    2015
    $16.47
     
  • Fri
    Aug 07
    2015
    $16.44
     
  • Mon
    Aug 10
    2015
    $16.55
     
  • Tue
    Aug 11
    2015
    $16.47
     
  • Wed
    Aug 12
    2015
    $16.48
     
  • Thu
    Aug 13
    2015
    $16.48
     
  • Fri
    Aug 14
    2015
    $16.51
     
  • Mon
    Aug 17
    2015
    $16.57
     
  • Tue
    Aug 18
    2015
    $16.57
     
  • Wed
    Aug 19
    2015
    $16.50
     
  • Thu
    Aug 20
    2015
    $16.29
     
  • Fri
    Aug 21
    2015
    $15.93
     
  • Mon
    Aug 24
    2015
    $15.65
     
  • Tue
    Aug 25
    2015
    $15.45
     
  • Wed
    Aug 26
    2015
    $15.81
     
  • Thu
    Aug 27
    2015
    $16.02
     
  • Fri
    Aug 28
    2015
    $16.03
     
  • Mon
    Aug 31
    2015
    $15.96
     
  • Tue
    Sep 01
    2015
    $15.68
     
  • Wed
    Sep 02
    2015
    $15.82
     
  • Thu
    Sep 03
    2015
    $15.83
     
 
52 Week High $16.88
(3/20/2015)
52 Week Low $15.38
(10/14/2014)
YTD Total Return w/Load -4.36%
Net Asset Class $5,923,965.17
Net Asset Fund $231,580,231.96
Basics
Ticker JHQCX
CUSIP 46637K299
Share Class Inception Date 12/13/2013
Fund Number 3068
Asset Class Specialty
Cut-off time1 4:00 P.M.

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.

1Please refer to the prospectus for additional information about cut-off times.

Total return assumes reinvestment of income.

The S&P 500 Index is an unmanaged index generally representative of the performance of large companies in the U.S. stock market. Index levels are in total return USD. The performance of the index does not reflect the deduction of expenses associated with a fund, such as management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. An individual cannot invest directly in an index.

The BofA Merrill Lynch 3-Month U.S. Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. Each month the index is rebalanced and the issue selected is the outstanding Treasury Bill that matures closest to, but not beyond 3 months from the rebalancing date. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. An individual cannot invest directly in an index.

The performance of the Lipper Alternative Long/Short Equity Funds Average includes expenses associated with a mutual fund, such as investment management fees. These expenses are not identical to the expenses charged by the Fund.

Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees and/or reimbursement of certain expenses for certain periods since the inception date. If fees had not been waived and/or certain expenses were not reimbursed, performance would have been less favorable.

©2015, American Bankers Association, CUSIP Database provided by the Standard & Poor's CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. All rights reserved.