JPMorgan U.S. GARP Equity Fund
JGIRX
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
- 277 Park Avenue New York NY United States of America 10172
- IPO Date
- May 15, 2006
- CIK
- 0001217286
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan U.S. GARP Equity Fund (JGIRX) is an open-end mutual fund managed by J.P. Morgan Investment Management Inc., a division of JPMorgan Asset Management, that seeks long-term capital appreciation by investing primarily in large- and mid-cap U.S. growth stocks exhibiting strong fundamentals, high quality characteristics, momentum, and reasonable valuations relative to peers and the Russell 1000 Growth Index benchmark. The fund employs a bottom-up stock selection process to identify growth companies trading at attractive prices, with a portfolio typically comprising around 82-88 holdings heavily weighted toward information technology (approximately 50%), communication services, and consumer discretionary sectors; top holdings as of mid-2025 include NVIDIA Corp. (13.4%), Microsoft Corp. (12.4%), Apple Inc. (9.4%), Amazon.com Inc. (6.5%), and Meta Platforms Inc. Class A (5.1%), alongside positions in Broadcom Inc., Alphabet Inc., Tesla Inc., Mastercard Inc., and others. It offers multiple share classes including R5 (JGIRX, net expense ratio 0.44%), R6 (JGISX), I (JPGSX), A (JIGAX), C (JCICX), and R2 (JIGZX), with no minimum initial investment for R5 shares and daily pricing for U.S. investors. Launched on February 28, 2003 (with R5 shares commencing May 15, 2006), the fund is domiciled in the United States and headquartered with J.P. Morgan Asset Management in New York, New York, managing total net assets of approximately $1.98 billion as of September 2025. The portfolio management team, led by Wonseok Choi (since November 2019, 23 years experience) and Andrew Stern (17 years), alongside Ellen Sun (since 2023, 6 years) and Grace Liu (13 years), maintains a beta near 1.00, forward P/E of about 30x, and weighted average market cap exceeding $1.9 trillion, targeting institutional and retail investors in the large-growth category where it holds a 4-star Morningstar rating. In 2024, the fund pursued a significant strategic shift through a shareholder proxy solicitation, proposing to reclassify from a diversified to a non-diversified status under the Investment Company Act of 1940 to enhance flexibility in position sizing amid increasing concentration in growth benchmarks like the Russell 1000 Growth Index, where top holdings exceed diversification limits; the Board of Trustees recommended approval, with voting facilitated ahead of an October 30, 2024 meeting. This change aims to better align with the fund's GARP philosophy by allowing greater conviction in high-conviction names without 5% position and 25% aggregate constraints, though current management practices remain largely unaffected. No major acquisitions, funding rounds, partnerships, or new product launches were reported in the last 1-2 years, with performance reflecting strong recent gains including 32.54% in 2024 and top-decile three-year returns through 2023.