JPMorgan Tax Aware Equity Fund
JPDEX
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
- Jan 30, 1997
- CIK
- 0001217286
- Similar Companies
- Business
- JPMorgan Tax Aware Equity Fund (JPDEX) is an open-end mutual fund managed by J.P. Morgan Investment Management Inc., designed to deliver high after-tax total returns through a portfolio primarily consisting of U.S. large- and mid-cap equity securities; it invests at least 80% of its assets in common stocks of such companies, employing a research-driven strategy that analyzes long-term company prospects up to five years, identifies undervalued stocks within sectors, and minimizes shareholder tax liabilities by limiting capital gains distributions and optimizing tax efficiency. The fund offers multiple share classes including I Shares (JPDEX; CUSIP 4812A1654; minimum initial investment $1M; net expense ratio 0.550%), R6 Shares (JPELX), A Shares (JPEAX; minimum $1,000; net expense 0.960%), and C Shares (JPECX), with approximately 45 holdings, a weighted average market cap of $699 billion, forward P/E of 21.2, beta of 0.98 versus the S&P 500 Index, and sector allocations overweight in information technology (27.8%), health care (15.1%), and financials (13.6%) as of September 2023. Launched on January 30, 1997, with assets under management of $827.79 million as of that date, the fund is part of J.P. Morgan Funds distributed by JPMorgan Distribution Services, Inc., an affiliate of JPMorgan Chase & Co., whose global asset management operations are headquartered in New York. The fund targets taxable investors seeking large growth equity exposure with tax management, benchmarking against the S&P 500 Index; top holdings as of September 2023 include Microsoft Corp. (11.1%), UnitedHealth Group Inc. (5.9%), Amazon.com Inc. (4.8%), Apple Inc. (4.5%), Mastercard Inc. (4.4%), NVIDIA Corp. (4.1%), Meta Platforms Inc. (3.5%), ConocoPhillips (3.2%), Exxon Mobil Corp. (3.2%), and NXP Semiconductors NV (2.9%), excluding cash equivalents. Portfolio managers Laura Huang (19 years experience) and Susan Bao (26 years experience) oversee the strategy, which earned a Silver Morningstar Medalist Rating and 4-star overall Morningstar Rating (out of 1,125 large growth funds) as of September 30, 2023. In recent developments, J.P. Morgan Asset Management has expanded its tax-smart investing capabilities, launching the Tax-Smart Platform in 2022 featuring the J.P. Morgan Tax-Managed U.S. Large Cap Leaders strategy with active management, daily tax-loss harvesting, and portfolio customization via partnership with 55ip technology, complementing funds like JPDEX; the firm also advanced its active ETF suite and tax-managed offerings amid 2025 tax law permanency of certain 2017 TCJA provisions. No fund-specific acquisitions, major reorganizations, or name changes for JPDEX were reported in the last 1-2 years, though ongoing fee waivers through at least February 2024 maintain competitive expenses, and J.P. Morgan's broader asset management arm pursued private equity fund closures and ETF expansions in 2025. The fund operates within the U.S. large growth category, serving institutional and high-net-worth taxable accounts nationwide.