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Undiscovered Managers Behavioral Value Fund - R6 (UBVFX)

Undiscovered Managers Behavioral Value Fund - R6 (UBVFX)
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 3/31/2014)
  1 Year 3 Year 5 Year 10 Year
at NAV 24.75% 16.32% 30.47% 9.90%
Russell 2000 Value Index 22.65% 12.74% 23.33% 8.07%
Lipper Small-Cap Value Funds Index 23.16% 12.15% 24.07% 8.82%

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 12/31/2014
Expense cap 0.80%
Total annual operating expenses 1.51%
Fee waivers and/or expense reimbursements 0.57%
Net expenses 0.94%

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.

Minimum investments
Minimum investments Minimum subsequent investments
Regular No Minimum. Regular No Minimum.
IRA No Minimum. IRA No Minimum.
Daily stats (as of 4/15/2014)
NAV YTD
$53.62 -0.26%
$0.28 | 0.53%  
 
NAV as of:
  • Thu
    Mar 06
    2014
    $54.93
     
  • Fri
    Mar 07
    2014
    $55.02
     
  • Mon
    Mar 10
    2014
    $54.94
     
  • Tue
    Mar 11
    2014
    $54.57
     
  • Wed
    Mar 12
    2014
    $54.75
     
  • Thu
    Mar 13
    2014
    $54.19
     
  • Fri
    Mar 14
    2014
    $54.29
     
  • Mon
    Mar 17
    2014
    $54.58
     
  • Tue
    Mar 18
    2014
    $55.05
     
  • Wed
    Mar 19
    2014
    $54.82
     
  • Thu
    Mar 20
    2014
    $55.03
     
  • Fri
    Mar 21
    2014
    $54.92
     
  • Mon
    Mar 24
    2014
    $54.55
     
  • Tue
    Mar 25
    2014
    $54.76
     
  • Wed
    Mar 26
    2014
    $54.07
     
  • Thu
    Mar 27
    2014
    $53.96
     
  • Fri
    Mar 28
    2014
    $54.26
     
  • Mon
    Mar 31
    2014
    $54.99
     
  • Tue
    Apr 01
    2014
    $55.49
     
  • Wed
    Apr 02
    2014
    $55.61
     
  • Thu
    Apr 03
    2014
    $55.56
     
  • Fri
    Apr 04
    2014
    $54.64
     
  • Mon
    Apr 07
    2014
    $53.91
     
  • Tue
    Apr 08
    2014
    $54.26
     
  • Wed
    Apr 09
    2014
    $54.54
     
  • Thu
    Apr 10
    2014
    $53.56
     
  • Fri
    Apr 11
    2014
    $52.97
     
  • Mon
    Apr 14
    2014
    $53.34
     
  • Tue
    Apr 15
    2014
    $53.62
     
 
52 Week High $55.61
(4/02/2014)
52 Week Low $43.76
(5/01/2013)
YTD Total Return w/Load N/A
Net Asset Class $4,501,934.75
Net Asset Fund $888,736,505.92

N/A: Not available at this time

Basics
Ticker UBVFX
CUSIP 904504479
Share Class Inception Date 04/30/2013
Fund Number 3467
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.

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 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.