JPMorgan U.S. GARP Equity R2
JIGZX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Columbus OH 43240 New York NY United States of America 10172
- IPO Date
- Nov 3, 2008
- CIK
- 0001217286
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan U.S. GARP Equity Fund (JIGZX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in a diversified portfolio of large- and mid-cap U.S. equity securities exhibiting growth-at-a-reasonable-price (GARP) characteristics, including strong fundamentals, high quality metrics, momentum, and attractive relative valuations compared to the Russell 1000 Growth Index. The fund employs a bottom-up, quantitative-driven stock selection process enhanced by fundamental insights, screening the U.S. equity universe for stocks based on value (e.g., price multiples), quality (e.g., cash flow relative to earnings), and momentum (e.g., short interest trends, natural language processing of earnings transcripts); it typically holds 80 to 120 stocks with sector, industry, and position constraints, resulting in top holdings such as NVIDIA Corp. (13.4%), Microsoft Corp. (11.6%), and Apple Inc. (9.4%) as of September 2025, and a portfolio weighted heavily toward information technology (52.2%). Share classes include A (JIGAX), C (JCICX), I (JPGSX), R2 (JIGZX), R5 (JGIRX), and R6 (JGISX), with the R2 class featuring a net expense ratio of 1.09%, daily pricing, no minimum initial investment, and availability to U.S. investors through retirement plans and other channels. Managed by J.P. Morgan Investment Management Inc., headquartered in Columbus, Ohio, with key portfolio managers Andrew Stern (lead since 2021, 17 years experience), Wonseok Choi (quant lead, 23 years), Grace Liu (fundamental, promoted November 2023), and Ellen Sun (quant, promoted November 2023), the fund was originally launched on February 28, 2003 (class inception November 3, 2008 for R2), and operates within the large growth category with total net assets of approximately $1.98-$2.0 billion USD, a weighted average market cap of $1.94 trillion, P/E ratio of 30.3 (forward), beta of 1.00, and turnover of 51%. In recent developments, J.P. Morgan Asset Management announced in December 2025 plans to convert the U.S. GARP Equity mutual funds to exchange-traded funds (ETFs) in July 2026, pending fund board approval in February 2026, driven by investor preference for ETF transparency and tax efficiency amid annual capital gains distributions; the strategy will be renamed JPMorgan Fundamental Data Science Large Growth ETF, with Eric Moreau joining as a new manager, departures of all current managers except Andrew Stern, and an evolved quantitative investment process retaining its core focus. The fund shifted to nondiversified status in December 2024, enabling greater flexibility in concentration (e.g., 53.6% in Magnificent Seven stocks versus benchmark 53.1% as of September 2025), while navigating prior team changes including the 2021 exit of longtime manager Jason Alonzo and 2023 departure of quant comanager Jonathan Tse from the strategy. As of September 30, 2025, the fund holds a 4-star Morningstar rating overall in the large growth category, reflecting risk-adjusted performance.