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Tax Aware Equity Fund - C (JPECX)

Tax Aware Equity Fund - C (JPECX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources

Objective

The Fund's goal is to provide high after tax total return from a portfolio of selected equity securities.

Strategy/Investment process

  • Invests in a diversified portfolio of mid- and large-cap U.S. companies.
  • Maintains sector weightings similar to those of the S&P 500 Index.
  • Conducts extensive research into each company's long-term growth potential.
  • Ranks companies according to relative value, focusing on those with attractively priced stocks compared to their true value.
Performance basics
  Annualized returns (as of 5/31/2015)
  1 Year 3 Year 5 Year 10 Year
at NAV 13.51% 20.76% 16.00% 7.98%
Return After Taxes on Distributions2 12.64% 20.36% 15.70% 7.72%
Return After Taxes on Distributions and Sale of Fund Shares3 8.28% 16.43% 12.93% 6.49%
With 1.00% max. CDSC 12.51% 20.76% 16.00% 7.98%
S&P 500 Index 11.81% 19.67% 16.54% 8.12%
Lipper Large-Cap Core Funds Index 9.51% 18.73% 15.06% 7.46%
  Annualized returns
(as of 3/31/2015)
  1 Year 3 Year 5 Year 10 Year
at NAV 13.25% 16.21% 13.69% 7.82%
Return After Taxes on Distributions2 12.39% 15.83% 13.39% 7.56%
Return After Taxes on Distributions and Sale of Fund Shares3 8.16% 12.75% 10.99% 6.36%
With 1.00% max. CDSC 12.25% 16.21% 13.69% 7.82%
S&P 500 Index 12.73% 16.11% 14.47% 8.01%
Lipper Large-Cap Core Funds Index 10.08% 15.13% 12.94% 7.34%

2Return After Taxes on Distributions are adjusted for federal income taxes associated with fund distributions but do not reflect the federal income tax impact of gains or losses recognized when fund shares are sold. Although these returns assume that an investor continued to hold shares for the purposes of reflecting the federal income tax impact of sale of fund shares, they assume that an investor sold the shares for purposes of reflecting deduction of fees and charges payable upon sale.

3Return After Taxes on Distributions and Sale of Fund Shares are adjusted for federal income taxes associated with fund distributions and reflect the federal income tax impact of gains or losses recognized when fund shares are sold. These returns reflect deductions of fees and charges payable upon a redemption of fund shares, such as sales charges or redemption fees.

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 02/29/2016
Expense cap 1.55%
Total annual operating expenses 1.49%
Fee waivers and/or expense reimbursements 0.00%
Net expenses 1.49%

Ratings (as of 5/31/2015)
Morningstar overall rating: (1369 funds)
Morningstar category: Large Blend

Overall rating C Shares; Large Blend Category; 1369 funds. Three year rating 4 stars; 1369 funds. Five year period not yet rated; 10 year period not yet rated.

2015, 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 $50
IRA $1000 IRA $50
Daily stats (as of 7/02/2015)
NAV YTD
$29.78 3.41%
$0.03 | -0.10%  
 
NAV as of:
  • Tue
    May 26
    2015
    $29.80
     
  • Wed
    May 27
    2015
    $30.23
     
  • Thu
    May 28
    2015
    $30.21
     
  • Fri
    May 29
    2015
    $30.13
     
  • Mon
    Jun 01
    2015
    $30.21
     
  • Tue
    Jun 02
    2015
    $30.18
     
  • Wed
    Jun 03
    2015
    $30.28
     
  • Thu
    Jun 04
    2015
    $30.01
     
  • Fri
    Jun 05
    2015
    $30.06
     
  • Mon
    Jun 08
    2015
    $29.82
     
  • Tue
    Jun 09
    2015
    $29.87
     
  • Wed
    Jun 10
    2015
    $30.25
     
  • Thu
    Jun 11
    2015
    $30.31
     
  • Fri
    Jun 12
    2015
    $30.11
     
  • Mon
    Jun 15
    2015
    $29.98
     
  • Tue
    Jun 16
    2015
    $30.12
     
  • Wed
    Jun 17
    2015
    $30.13
     
  • Thu
    Jun 18
    2015
    $30.42
     
  • Fri
    Jun 19
    2015
    $30.28
     
  • Mon
    Jun 22
    2015
    $30.45
     
  • Tue
    Jun 23
    2015
    $30.50
     
  • Wed
    Jun 24
    2015
    $30.21
     
  • Thu
    Jun 25
    2015
    $30.18
     
  • Fri
    Jun 26
    2015
    $30.13
     
  • Mon
    Jun 29
    2015
    $29.46
     
  • Tue
    Jun 30
    2015
    $29.58
     
  • Wed
    Jul 01
    2015
    $29.81
     
  • Thu
    Jul 02
    2015
    $29.78
     
 
52 Week High $30.50
(6/23/2015)
52 Week Low $26.31
(10/15/2014)
YTD Total Return w/Load 2.41%
Net Asset Class $3,620,913.57
Net Asset Fund $1,393,919,441.71
Basics
Ticker JPECX
CUSIP 48121L585
Share Class Inception Date 03/22/2011
Fund Number 2825
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 Fund's tax aware strategies may reduce the amount of taxable income that you recognize as a result of your investment in the Fund but will not eliminate it. These strategies may require trade-offs that reduce pre-tax income.

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

Prior to 1/1/2003, the tax rate was 38.6%. Prior to 1/1/2002, the tax rate was 39.1%. Prior to 7/1/2001, the tax rate was 39.6%.

The quoted performance of the Fund includes performance of a predecessor fund/share class prior to the Fund's commencement of operations. Please refer to the current prospectus for further information.

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 Large-Cap Core Funds Index 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.