JPMorgan International Unconstrained Equity Fund - R6
IUENX
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
- Address
- Columbus OH 43240 Columbus OH United States of America 43240
- IPO Date
- May 31, 2013
- CIK
- 0001217286
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan International Unconstrained Equity Fund - R6 (IUENX) is an open-end mutual fund managed by J.P. Morgan Asset Management that seeks long-term capital appreciation by investing primarily in equity securities of foreign companies, including those in emerging markets; it maintains a concentrated portfolio of 40-50 stocks, generally unconstrained by capitalization, style, or sector, with a current focus on mid- to large-cap companies across diversified sectors and countries, and under normal circumstances invests at least 80% of its assets in such equities. The fund benchmarks against the MSCI ACWI ex-USA Index and emphasizes high-quality non-US firms exhibiting strong balance-sheet strength, profitability, and management quality, as identified through in-depth fundamental research by J.P. Morgan's regional analyst teams who assign five-year expected return targets and classify stocks as premium, quality, standard, or challenged; top holdings as of recent data include Tencent Holdings Ltd, Shell PLC, Sony Group Corp, Taiwan Semiconductor Manufacturing Co Ltd, and Alibaba Group Holding Ltd. Launched with an inception date of November 30, 2011, the R6 share class caters to retirement and large investors with a minimum initial investment of $15 million, features an adjusted expense ratio of 0.550%, a portfolio turnover of 45%, and total net assets of approximately $1.6 billion; it is domiciled in the United States and managed from London by a team led by Tom Murray (28 years experience) and Shane Duffy (24 years experience), who have co-managed since inception with complementary sector expertise in energy/materials and consumer stocks, respectively. In recent major developments, J.P. Morgan restructured its international equity management teams effective September 30, 2025, to align with style-specific focuses, with Tom Murray continuing as lead manager on International Focus (IUENX) supported by James Sutton, Zenah Shuhaiber, and new portfolio manager Lucy Parken (25 years experience since 2005), while Shane Duffy shifted primarily to growth strategies; additionally, in May 2024, the firm disbanded its global sector specialist group in favor of a unified global research framework and enhanced research platform, retaining key analytical resources worldwide. The fund operates within the Foreign Large Blend category with a large-blend investment style, targeting institutional and retirement investors seeking exposure to developed and emerging markets outside the US such as Japan (15% allocation), Canada (5%), and emerging markets (11%), with geographic flexibility across any foreign country and limited sector/country deviations of up to 20% from the benchmark.