Use the Guide
Browse the Guide
Portfolio Discussions
Dr. Kelly's Review
Use the Guide
Guide to Retirement
Discussions
Client Presentation
Headlines
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Headlines
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Featured Topics
Fixed Income
U.S. Equities
Income Opportunities
Global Growth
Looking for other topics? Visit the Library
Choose a Shortcut

Equity Income Fund - C (OINCX)

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

Objective

The Fund seeks current income through regular payment of dividends with the secondary goal of achieving capital appreciation by investing primarily in equity securities.

Strategy/Investment process

  • Invests primarily in common stock and real estate investment trusts (REITs).
  • At least 80% invested in equity securities of corporations that regularly pay dividends.
Performance basics
  Annualized returns (as of 3/31/2014)
  1 Year 3 Year 5 Year 10 Year
at NAV 20.63% 14.91% 20.47% 7.82%
With 1.00% max. CDSC 19.63% 14.91% 20.47% 7.82%
Russell 1000 Value Index 21.57% 14.80% 21.75% 7.58%
Lipper Equity Income Funds Index 18.76% 13.14% 19.84% 7.14%

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 1.54%
Total annual operating expenses 1.59%
Fee waivers and/or expense reimbursements 0.04%
Net expenses 1.55%

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: (1068 funds)
Morningstar category: Large Value

Overall rating C Shares; Large Value Category; 1068 funds. Three year rating 4 stars; 1068 funds. Five year rating 4 stars; 951 funds. Ten year rating 4 stars; 626 funds.

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 4/16/2014)
NAV YTD
$12.85 1.26%
$0.12 | 0.94%  
 
NAV as of:
  • Fri
    Mar 07
    2014
    $12.90
     
  • Mon
    Mar 10
    2014
    $12.90
     
  • Tue
    Mar 11
    2014
    $12.83
     
  • Wed
    Mar 12
    2014
    $12.84
     
  • Thu
    Mar 13
    2014
    $12.73
     
  • Fri
    Mar 14
    2014
    $12.72
     
  • Mon
    Mar 17
    2014
    $12.84
     
  • Tue
    Mar 18
    2014
    $12.90
     
  • Wed
    Mar 19
    2014
    $12.81
     
  • Thu
    Mar 20
    2014
    $12.89
     
  • Fri
    Mar 21
    2014
    $12.91
     
  • Mon
    Mar 24
    2014
    $12.85
     
  • Tue
    Mar 25
    2014
    $12.91
     
  • Wed
    Mar 26
    2014
    $12.85
     
  • Thu
    Mar 27
    2014
    $12.83
     
  • Fri
    Mar 28
    2014
    $12.90
     
  • Mon
    Mar 31
    2014
    $12.98
     
  • Tue
    Apr 01
    2014
    $13.02
     
  • Wed
    Apr 02
    2014
    $13.06
     
  • Thu
    Apr 03
    2014
    $13.05
     
  • Fri
    Apr 04
    2014
    $12.92
     
  • Mon
    Apr 07
    2014
    $12.76
     
  • Tue
    Apr 08
    2014
    $12.80
     
  • Wed
    Apr 09
    2014
    $12.91
     
  • Thu
    Apr 10
    2014
    $12.65
     
  • Fri
    Apr 11
    2014
    $12.56
     
  • Mon
    Apr 14
    2014
    $12.64
     
  • Tue
    Apr 15
    2014
    $12.73
     
  • Wed
    Apr 16
    2014
    $12.85
     
 
52 Week High $13.06
(4/02/2014)
52 Week Low $10.99
(4/18/2013)
YTD Total Return w/Load 0.26%
Net Asset Class $723,775,153.88
Net Asset Fund $6,771,499,421.97
Yields
  3/31/2014
30-Day SEC Yield 0.98%
30-Day SEC Yield (Unsubsidized) 0.95%
12-Month Rolling Dividend Yield 1.27%

Must be preceded or accompanied by a prospectus

†Class C Share 12-month rolling yields are calculated by dividing the dividend per share by the NAV per share on the day of the distribution. 12-month rolling yields represent the sum of the monthly dividend yields for the previous 12 months.

Basics
Ticker OINCX
CUSIP 4812C0480
Share Class Inception Date 11/04/1997
Fund Number 3583
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. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund's portfolio or the securities market as a whole, such as changes in economic or political conditions. Equity securities are subject to "stock market risk," meaning that stock prices in general (or in particular, the prices of the types of securities in which a fund invests) may decline over short or extended periods of time. When the value of a Fund's securities goes down, an investment in a Fund decreases in value.

The Fund may invest in derivatives that may be riskier than other types of investments because they may be more sensitive to changes in economic or market conditions and could result in losses that significantly exceed the Fund's original investment. Many derivatives create leverage that can cause the Fund to be more volatile than it would be if it had not used derivatives.

There is no guarantee that companies that can issue dividends will declare, continue to pay or increase dividends.

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

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 1000 Value Index is an unmanaged index, which measures the performance of those Russell 1000 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 Equity Income 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 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.