JPMorgan Equity Income Fund I Class
HLIEX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 270 Park AvenueLondon,NY EC2V 7ENUnited Kingdom DE United States of America
- IPO Date
- Jun 30, 1987
- CIK
- 0000763852
- Website
- jpmorganfunds.com
- Similar Companies
- Business
- JPMorgan Equity Income Fund I Class (HLIEX) is an open-end mutual fund that seeks current income through regular dividend payments with a secondary objective of capital appreciation; it invests at least 80% of its assets in equity securities of corporations that regularly pay dividends, including common stocks, debt securities, and preferred stock convertible to common stock, primarily focusing on large-cap U.S. companies across sectors such as finance, industrials, consumer non-durables, technology, and energy. The fund employs a fundamental, bottom-up stock selection process targeting companies with durable business models, consistent earnings, high returns on equity and invested capital, and strong expected cash flow growth; top holdings typically include major dividend payers like Wells Fargo & Co., Bank of America Corp., Philip Morris International Inc., ConocoPhillips, and Charles Schwab Corp. Launched on July 2, 1987, and managed by J.P. Morgan Investment Management Inc. at its headquarters in New York, New York, the fund operates within the large value category, benchmarked against the Russell 1000 Value Index, with total net assets exceeding $44 billion and availability to U.S. institutional investors requiring a minimum investment of $1 million. In recent developments, longtime lead portfolio manager Clare Hart retired in fall 2024 after establishing a strong track record since August 2004, with the strategy continuing under managers Andrew Brandon and David Silberman, who joined in November 2019, maintaining competitive performance with lower volatility relative to peers and the benchmark. The fund has delivered annualized returns of approximately 9.1% since Hart's inception through mid-2023, outperforming the Russell 1000 Value Index in U.S. bear markets, and as of late 2025, exhibits year-to-date gains around 11-13% with a net expense ratio of 0.70%. While no fund-specific acquisitions, partnerships, or new product launches were reported in the last 1-2 years, J.P. Morgan Asset Management, the fund's sponsor, expanded its broader offerings with the August 2025 launch of the JPMorgan Equity and Options ETF (JOYT), enhancing its Equity Premium Income Suite focused on dividends, options premiums, and total return. The fund remains geographically concentrated in U.S. equities (over 98% allocation), serving institutional and high-net-worth investors seeking income-oriented large-value exposure.