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U.S. Research Equity Plus Fund - C (JEPCX)

U.S. Research Equity Plus Fund - C (JEPCX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources

Objective

Seeks to provide total return from a portfolio of selected equity securities.

Strategy/Investment process

  • At least 80% of assets invested in equity securities of large-capitalization U.S. companies, including both long and short positions.
  • "Plus" in the Fund's name refers to additional return the Fund endeavors to add, relative to both the S&P 500 Index and traditional strategies that do not have the ability to sell stock short.
  • May use derivatives to more effectively gain targeted equity exposure from its cash positions, hedge various investments and manage risk.
  • Employs a three-step process that combines research, valuation and stock selection.
Performance basics
  Annualized returns (as of 3/31/2014)
  1 Year 3 Year 5 Year Incept
at NAV 22.16% 13.77% N/A 13.01%
With 1.00% max. CDSC 21.16% 13.77% N/A 13.01%
S&P 500 Index 21.86% 14.66% N/A 14.90%**
Lipper Alternative Active Extension Funds Average 22.93% 13.99% N/A 13.97%**

Performance Inception Date:4/1/10

**Returns are calculated starting from the month end previous to the performance inception date. The performance quoted is past performance and is not a guarantee of future results.

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.

Annual operating expenses (%)
Expense cap expiration date 10/31/2014
Expense cap 1.75%
Total annual operating expenses 4.67%
Fee waivers and/or expense reimbursements 1.65%
Net expenses 3.02%

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.

Ratings (as of 3/31/2014)
Morningstar overall rating: (1361 funds)
Morningstar category: Large Blend

Overall rating C Shares; Large Blend Category; 1361 funds. Three year rating 3 stars; 1361 funds. Five year period not yet rated; 10 year period not yet rated.

2014, Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damage or losses arising from any use of this information. Past performance is not a guarantee of future results. For each fund with a three-year history, Morningstar calculates a Morningstar Rating™ metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund's load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. Different share classes may have different ratings.

The ranking information is provided by Lipper Analytical Services. Past performance is no guarantee of future results. Rankings are calculated based upon the total returns of multiple share classes within their respective Lipper category. Different share classes may have different rankings.

Minimum investments
Minimum investments Minimum subsequent investments
Regular $1000 Regular $25
IRA $1000 IRA $25
Daily stats (as of 4/15/2014)
NAV YTD
$21.60 0.28%
$0.16 | 0.75%  
 
NAV as of:
  • Thu
    Mar 06
    2014
    $22.07
     
  • Fri
    Mar 07
    2014
    $22.06
     
  • Mon
    Mar 10
    2014
    $22.06
     
  • Tue
    Mar 11
    2014
    $21.91
     
  • Wed
    Mar 12
    2014
    $21.93
     
  • Thu
    Mar 13
    2014
    $21.68
     
  • Fri
    Mar 14
    2014
    $21.58
     
  • Mon
    Mar 17
    2014
    $21.83
     
  • Tue
    Mar 18
    2014
    $22.02
     
  • Wed
    Mar 19
    2014
    $21.91
     
  • Thu
    Mar 20
    2014
    $22.04
     
  • Fri
    Mar 21
    2014
    $21.97
     
  • Mon
    Mar 24
    2014
    $21.84
     
  • Tue
    Mar 25
    2014
    $21.97
     
  • Wed
    Mar 26
    2014
    $21.79
     
  • Thu
    Mar 27
    2014
    $21.75
     
  • Fri
    Mar 28
    2014
    $21.84
     
  • Mon
    Mar 31
    2014
    $22.01
     
  • Tue
    Apr 01
    2014
    $22.14
     
  • Wed
    Apr 02
    2014
    $22.21
     
  • Thu
    Apr 03
    2014
    $22.16
     
  • Fri
    Apr 04
    2014
    $21.83
     
  • Mon
    Apr 07
    2014
    $21.57
     
  • Tue
    Apr 08
    2014
    $21.67
     
  • Wed
    Apr 09
    2014
    $21.98
     
  • Thu
    Apr 10
    2014
    $21.48
     
  • Fri
    Apr 11
    2014
    $21.27
     
  • Mon
    Apr 14
    2014
    $21.44
     
  • Tue
    Apr 15
    2014
    $21.60
     
 
52 Week High $22.50
(12/09/2013)
52 Week Low $18.94
(4/18/2013)
YTD Total Return w/Load -0.72%
Net Asset Class $273,895.96
Net Asset Fund $18,114,167.62
Basics
Ticker JEPCX
CUSIP 48121A639
Share Class Inception Date 04/01/2010
Fund Number 2031
Asset Class U.S. Equity
Cut-off time1 4:00 P.M.
J.P. Morgan Funds objective box




J.P. Morgan Funds objective box is based on the Fund's overall targeted capitalization and valuation range(s) as described in the Fund's prospectus.

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. There is no guarantee that the use of short positions will succeed in limiting the Fund's exposure to domestic stock market movements, capitalization, sector-swings or other risk factors. Investment in a portfolio involved in sort selling may have higher portfolio turnover rates. This will likely result in additional tax consequences. Short selling involves certain risks, including additional costs associated with covering short positions and a possibility of unlimited loss on certain short sale positions. As part of its strategy, the Fund may invest in derivatives. Derivatives may be riskier than other types of investments because they may be more sensitive to changes in economic or market conditions than other types of investments and could result in losses that significantly exceed the Fund's original investment. The Fund's investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests.

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

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 performance of the Lipper Alternative Active Extension 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. An individual cannot invest directly in an Index.

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 for certain periods since the inception date. If fees had not been waived, performance would have been less favorable.

©2014, 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.