JPMorgan Tax Aware Equity Fund Class A
JPEAX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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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
- JPMorgan Trust I DE United States of America
- IPO Date
- Mar 22, 2011
- CIK
- 0001217286
- Similar Companies
- Business
- JPMorgan Tax Aware Equity Fund Class A (JPEAX) is a mutual fund managed by J.P. Morgan Investment Management Inc., part of JPMorgan Chase & Co., that seeks high after-tax total return from a portfolio primarily invested in U.S. large- and mid-cap equity securities; it employs a research-driven approach analyzing company prospects over up to five years to identify undervalued stocks in each sector while minimizing shareholders' tax liability through limited capital gains distributions and tax management strategies. The fund offers multiple share classes including A Shares (JPEAX, CUSIP 48121L593, launched March 22, 2011), I Shares (JPDEX), C Shares (JPECX), and R6 Shares (JPELX), with Class A featuring a net expense ratio of 0.960%, a minimum initial investment of $1,000, and a maximum sales charge of 5.25%; it holds approximately 45 positions with a weighted average market cap of $699 billion, a forward P/E of 21.2, and top holdings such as 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%) as of September 30, 2023. Sector allocations emphasize information technology (27.8%), financials (13.6%), health care (15.1%), and communication services (8.4%), with underweights in utilities, real estate, and materials compared to the S&P 500 benchmark; the fund targets taxable investors seeking large growth equity exposure and has received a Morningstar 4-star overall rating (as of September 30, 2023) in the Large Growth category. Managed by portfolio managers Laura Huang (19 years experience) and Susan Bao (26 years experience), the fund operates within JPMorgan Asset Management, the asset management arm of JPMorgan Chase & Co., headquartered in New York, New York, with the broader firm tracing roots to 1799 through mergers including the 2000 combination of J.P. Morgan & Co. and Chase Manhattan; total fund assets stood at $827.79 million as of September 30, 2023. Geographically, the fund focuses on U.S.-domiciled companies but may include select foreign firms like NXP Semiconductors that derive significant revenue from the U.S.; it serves institutional and retail investors, particularly those prioritizing after-tax performance in taxable accounts. No major changes such as partnerships, acquisitions, new product launches, funding rounds, name changes, or strategic reorganizations specific to the JPMorgan Tax Aware Equity Fund were reported in 2024 or 2025; JPMorgan Asset Management announced broader initiatives including the April 17, 2025, updates to ESG commitments in other funds like JPM Global Sustainable Equity and the December 2025 closing of PEG Global Private Equity XII fund, but these do not directly impact JPEAX operations or strategy. The fund maintains its core tax-aware large-cap growth mandate amid ongoing market conditions, with performance tracking closely to the S&P 500 while delivering competitive after-tax returns, such as 11.88% annualized over 10 years at NAV as of September 30, 2023.