JPMorgan U.S. Equity Fund Class A
JUEAX
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
- 277 Park Avenue New York NY United States of America 10172
- IPO Date
- Sep 7, 2001
- CIK
- 0001217286
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan U.S. Equity Fund Class A (JUEAX) is an actively managed open-end mutual fund that seeks high total return through a high-conviction portfolio primarily invested in common stocks of large- and medium-capitalization U.S. companies; it normally invests at least 80% of its assets in such equities, with up to 20% permitted in other securities including foreign firms deriving significant U.S. revenue, while maintaining sector weightings similar to the S&P 500 Index to emphasize stock selection over macro bets. The fund offers multiple share classes including A (JUEAX), I (JUESX), R6 (JUEMX), and C (JUECX), with Class A featuring a 5.25% maximum front-end sales charge, net expense ratio of 0.94%, and a minimum initial investment of $1,000; its portfolio typically holds around 50-52 stocks, with top holdings as of September 30, 2025, including NVIDIA Corp. (9.2%), Microsoft Corp. (8.8%), and Apple Inc. (7.4%), resulting in 42.9% concentration in the top 10. It leverages insights from over 20 dedicated U.S. equity analysts and more than 200 global analysts, employing a fundamental stock-ranking process based on expected returns, valuation signals, and conviction to construct a style-agnostic core equity portfolio focused on the large-blend category. The fund, part of J.P. Morgan Funds managed by J.P. Morgan Investment Management Inc., an affiliate of JPMorgan Chase & Co., was launched on September 10, 2001 (Class A), with overall inception tracing to June 27, 1985 via predecessor performance; it is headquartered in New York alongside its parent organization and primarily targets institutional and retail investors seeking U.S. large-cap exposure. Geographically, operations center on U.S. markets, though minor foreign stock exposure (around 6.76%) is included for companies with substantial U.S. revenue streams; assets under management stood at approximately $35.55 billion as of September 30, 2025, with a three-year beta of 1.00 and turnover of 53%. Recent developments include a shift to sole management by Scott Davis (30 years industry experience) since 2020, following his oversight of the prior top-performing sleeve, with Shilpee Raina (20 years at J.P. Morgan) as co-manager; this streamlined approach reduced holdings from 140-180 to around 52 stocks, enhancing conviction while tying analyst compensation partly to fund results and earning a Morningstar Process Pillar upgrade to High. In December 2024, J.P. Morgan Asset Management announced plans to convert select U.S. mutual funds, potentially including offerings like JUEAX, to exchange-traded funds (ETFs) targeted for mid-2025, reflecting a strategic move toward ETF structures amid industry trends. The fund sustained strong risk-adjusted performance through 2025, with top-third decile rankings over five- and ten-year periods ending June 30, 2025, a Bronze Morningstar Medalist Rating (November 2024), and four-star overall Morningstar rating as of September 30, 2025.