JPMorgan Opportunistic Equity Long/Short Fund - A
JOELX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- JPMorgan Trust I
- IPO Date
- Aug 29, 2014
- CIK
- 0001217286
- Similar Companies
- Business
- JPMorgan Opportunistic Equity Long/Short Fund - A (JOELX) is an open-end mutual fund managed by J.P. Morgan Investment Management Inc. that seeks capital appreciation primarily through a portfolio employing long and short positions in equity securities. The fund invests at least 80% of its assets in long and short positions in common stocks, including real estate investment trusts (REITs) and depositary receipts, selected from a universe of equity securities with market capitalizations similar to those included in the Russell 1000 and/or S&P 500 Index at the time of purchase; it may also allocate up to 20% of assets to ancillary liquid assets such as deposits with credit institutions or money market instruments. Operating within the long-short equity alternative investment category, the fund targets institutional and retail investors seeking risk-adjusted returns in volatile U.S. equity markets, with a minimum initial investment of $1,000 and a high portfolio turnover rate of approximately 525%. Launched under JPMorgan Trust I with an inception date of August 29, 2014 for its institutional share class, the fund is headquartered at 270 Park Avenue, New York, New York, as part of J.P. Morgan Asset Management's broader U.S. equity platform. It focuses on U.S.-centric large-cap equities but maintains flexibility for opportunistic strategies across sectors, emphasizing fundamental analysis to exploit market inefficiencies through high-conviction long and short bets. A notable recent change involves the departure of longtime portfolio manager Rick Singh, who managed the fund since 2013 and transitioned in late 2023 to become Chief Growth Officer at Fiserv, Inc., potentially impacting the fund's management team and strategy execution. In 2022, JPMorgan Funds (a related European sub-fund vehicle) implemented a temporary full waiver of performance fees on certain share classes from July 1, 2022, to June 30, 2023, reflecting efforts to enhance cost competitiveness amid market challenges; no similar U.S.-specific fee waivers for JOELX have been publicly detailed, though the fund's expense structure remains elevated relative to peers. The fund continues to report modest recent performance, including a year-to-date return of -0.51% and a 5-year average annual return of 2.33% as of late 2025, underscoring its lower-volatility profile in the long-short equity space.