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Undiscovered Managers Behavioral Value Fund - R2 (UBVRX)

Undiscovered Managers Behavioral Value Fund - R2 (UBVRX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources

Objective

Capital appreciation.

Strategy/Investment process

  • Primarily invests in U.S. stocks with value characteristics.
  • Looks for investors' behavioral biases that may cause the market to overreact to old, negative information about a company and underreact to new, positive information.
  • Seeks companies with below-average price-to-earnings ratios or decreasing stock values.
  • Selects stocks based on recent underperformance relative to the market, share purchases by company insiders or stock repurchase activity by the company.
Performance basics
  Annualized returns (as of 6/30/2015)
  1 Year 3 Year 5 Year 10 Year
at NAV 5.76% 18.69% 18.60% 9.33%
Russell 2000 Value Index 0.78% 15.50% 14.81% 6.87%
Lipper Small-Cap Value Funds Index -0.22% 15.47% 14.64% 7.55%

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 12/31/2015
Expense cap 1.55%
Total annual operating expenses 2.37%
Fee waivers and/or expense reimbursements 0.55%
Net expenses 1.82%

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 No Minimum. Regular No Minimum.
IRA No Minimum. IRA No Minimum.
Daily stats (as of 7/29/2015)
NAV YTD
$56.77 4.78%
$0.46 | 0.82%  
 
NAV as of:
  • Fri
    Jun 19
    2015
    $58.52
     
  • Mon
    Jun 22
    2015
    $58.70
     
  • Tue
    Jun 23
    2015
    $58.89
     
  • Wed
    Jun 24
    2015
    $58.52
     
  • Thu
    Jun 25
    2015
    $58.32
     
  • Fri
    Jun 26
    2015
    $58.47
     
  • Mon
    Jun 29
    2015
    $57.33
     
  • Tue
    Jun 30
    2015
    $57.33
     
  • Wed
    Jul 01
    2015
    $57.58
     
  • Thu
    Jul 02
    2015
    $57.60
     
  • Mon
    Jul 06
    2015
    $57.41
     
  • Tue
    Jul 07
    2015
    $57.58
     
  • Wed
    Jul 08
    2015
    $56.82
     
  • Thu
    Jul 09
    2015
    $56.82
     
  • Fri
    Jul 10
    2015
    $57.41
     
  • Mon
    Jul 13
    2015
    $57.86
     
  • Tue
    Jul 14
    2015
    $58.11
     
  • Wed
    Jul 15
    2015
    $57.79
     
  • Thu
    Jul 16
    2015
    $58.03
     
  • Fri
    Jul 17
    2015
    $57.62
     
  • Mon
    Jul 20
    2015
    $57.50
     
  • Tue
    Jul 21
    2015
    $57.23
     
  • Wed
    Jul 22
    2015
    $56.94
     
  • Thu
    Jul 23
    2015
    $56.38
     
  • Fri
    Jul 24
    2015
    $56.36
     
  • Mon
    Jul 27
    2015
    $55.94
     
  • Tue
    Jul 28
    2015
    $56.31
     
  • Wed
    Jul 29
    2015
    $56.77
     
 
52 Week High $58.89
(6/23/2015)
52 Week Low $51.18
(1/15/2015)
YTD Total Return w/Load N/A
Net Asset Class $4,553,316.76
Net Asset Fund $2,575,603,628.85

N/A: Not available at this time

Basics
Ticker UBVRX
CUSIP 904504487
Share Class Inception Date 04/30/2013
Fund Number 3466
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 may invest a portion of its securities in small-cap stocks. Small-capitalization funds typically carry more risk than stock funds investing in well-established "blue-chip" companies since smaller companies generally have a higher risk of failure. Historically, smaller companies' stock has experienced a greater degree of market volatility than the average stock.

From the commencement of operations of the Fund's Institutional Class until January 30, 2004, the Fund's investment adviser was Undiscovered Managers, LLC. Effective January 31, 2004, J.P. Morgan Investment Management, Inc. (JPMIM) became the Fund's investment advisor. Fuller & Thaler Asset Management, Inc. serves as the Fund's sub-advisor. The Fund is currently waiving fees. Please note the removal of this waiver would reduce returns.

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

Total return assumes reinvestment of income.

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 Russell 2000 Value Index is an unmanaged index, which measures the performance of those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values. 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. Investors can not invest directly in an index.

The performance of the Lipper Small-Cap Value 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.