Fund Evaluator:
JPMorgan US Research Enhanced Equity A (JDEAX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
JPMorgan US Research Enhanced Equity A Overview
JPMorgan US Research Enhanced Equity A (JDEAX) is an actively managed U.S. Equity Large Blend fund. JPMorgan launched the fund in 2001.
The investment seeks to provide a consistently high total return from a broadly diversified portfolio of equity securities with risk characteristics similar to the Standard and Poor's 500 Composite Stock Price Index (S&P 500 Index). Under normal circumstances, the fund invests at least 80% of its assets in equity securities of U.S. companies. It primarily invests in the common stocks of U.S. companies in the S&P 500 Index (which includes both large cap and mid cap companies). The fund may also invest in securities not included within the S&P 500 Index. It is non-diversified.
About JPMorgan US Research Enhanced Equity A (JDEAX)
There are 2 members of the management team with an average tenure of 17.01 years: Timothy Snyder (2016), Raffaele Zingone (2002). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. JPMorgan US Research Enhanced Equity A has 175 securities in its portfolio. The top 10 holdings constitute 38.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
JPMorgan US Research Enhanced Equity A is part of the Equity global asset class and is within the U.S. Equity fund group. JPMorgan US Research Enhanced Equity A has 0.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.6%. There is 0.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). JPMorgan US Research Enhanced Equity A has 1.4% of the portfolio in cash.
Assets Under Management
The fund has $743 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
JDEAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The JPMorgan US Research Enhanced Equity A expense ratio is above average compared to funds in the Large Blend category. JPMorgan US Research Enhanced Equity A has an expense ratio of 0.60%, which is 26% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. JPMorgan US Research Enhanced Equity A has a portfolio turnover rate of 28%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of August 2026, JPMorgan US Research Enhanced Equity A returned 2.2%, which earned it a grade of C, as the Large Blend category had an average return of 2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
JPMorgan US Research Enhanced Equity A has a trailing yield of 0.50%, which is below the 0.55% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
JPMorgan US Research Enhanced Equity A Grades
Year to date, the fund has returned 11.0%, 0.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 17.4% over the past year (grade of C), 19.5% over the past three years (grade of C) and 12.3% per year over the past five years (grade of B) and 15.1% per year over the past 10 years (grade of A).
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JDEAX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JDEAX Return (NAV) | 2.2% | 1.6% | 17.4% | 19.5% | 12.3% | 15.1% |
| JDEAX Grade | C | D | C | C | B | A |
| +/- Category | 0.1% | -0.7% | -0.2% | 0.7% | 1.3% | 1.3% |
| Large Blend Avg | 2.1% | 2.3% | 17.6% | 18.8% | 11.0% | 13.9% |
| JDEAX Tax Cost Ratio | na | na | 1.5% | 1.2% | 1.5% | 1.5% |
JDEAX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JDEAX Return (NAV) | 11.0% | 16.3% | 24.3% | 27.9% | -18.4% | 30.2% | 20.4% | 31.1% | -5.9% | 21.2% | 9.3% |
| JDEAX Grade | D | C | B | A | C | A | B | B | C | C | D |
| +/- Category | -0.6% | 0.4% | 2.2% | 4.2% | -1.1% | 3.6% | 2.8% | 1.3% | -0.0% | -0.1% | -0.9% |
| Large Blend Avg | 11.6% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 12.7% |
| Total Risk Index: | 1.05 - Above Average |
| Category Risk Index: | 0.97 - Below Average |
| Category Risk Grade: | B (28% Rank) |
| Beta: | 0.98 |
| R-Squared: | 99% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.5% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $12146 Mil |
| Fund Total Assets: | $ 744 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 28% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 24.2 years | |||
| Average Tenure: 17.0 years | |||
| Managers (Year): Zingone Raffaele (2002), Snyder Timothy (2016) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 175 |
| % in Top 10 Holdings: | 38.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.1% |
Portfolio Allocation |
|
| Domestic Stock: | 98.6% |
| Foreign Stock: | 0.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.4% |
Purchase Information
| Fund Family: | JPMorgan |
| Phone Number: | 800-480-4111 |
| Website: | www.jpmorganfunds.com |
| Status: | Closed |
| Inception Date: | September 28, 2001 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 5.25% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.60% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | JPMorgan US Research Enhanced Equity I |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
