JPMorgan U.S. Large Cap Core Plus Fund
JLPYX
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 Columbus OH United States of America 43240
- IPO Date
- Nov 1, 2017
- CIK
- 0001217286
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan U.S. Large Cap Core Plus Fund (JLPYX) is an open-end investment company that seeks high total return from a portfolio comprised primarily of U.S. large-cap equity securities, utilizing a research-driven approach with long and short positions to outperform the S&P 500 Index. The fund offers multiple share classes, including R6 shares (JLPYX), I shares (JLPSX), A shares (JLCAX), C shares (JLPCX), R2 shares (JLPZX), R5 shares (JCPRX); it invests mainly in undervalued large-cap stocks identified through fundamental bottom-up analysis over long-term horizons of up to five years, complemented by a 30/30 long-short extension for alpha generation via pair trades and thematic views. Primarily targeting institutional and high-net-worth investors in the large blend category, the fund maintains approximately 276 holdings with a weighted average market cap of $1,388 billion, heavy allocations to information technology (34.7%), financials (13.3%), and consumer discretionary (11.8%), top positions in NVIDIA Corp. (9.2%), Microsoft Corp. (8.0%), and Apple Inc. (5.6%), and short positions comprising -21.91% of the portfolio. Launched on November 1, 2005, and domiciled in the United States with assets under management of $3.53 billion as of September 30, 2025, the fund is managed by J.P. Morgan Investment Management Inc., a subsidiary of JPMorgan Chase & Co., headquartered in New York. The fund's experienced portfolio management team includes Susan Bao (28 years), Steven Lee (32 years), Timothy Woodhouse (17 years), and Andrew Stern (17 years), leveraging J.P. Morgan's global fundamental research platform with over 25 years average analyst experience; the strategy has delivered strong risk-adjusted returns, earning a Morningstar Bronze Medalist Rating as of February 27, 2025, and 5-star ratings across multiple periods versus 1,226 large blend peers. In recent developments, the fund marked its 20th anniversary in 2025, highlighting its evolution to address normalized interest rates, index concentration, and moderating equity returns through enhanced active share and diversification via the long-short overlay, with portfolio adjustments since mid-2021 increasing concentration in high-conviction names like Booz Allen Hamilton. No major acquisitions, partnerships, funding rounds, or reorganizations specific to the fund were reported in 2024-2025; management transitions noted in broader J.P. Morgan funds, such as retirements in 2026, do not impact this strategy's team.