Fund Evaluator:
JPMorgan Diversified R6 (JDVZX)
Follow This Fund
Best Performing in Moderate Allocation Over the Last Year
| 20.5% | PGIM Real Assets Z (PUDZX) |
| 19.0% | State Farm Balanced (STFBX) |
| 18.5% | Archer Balanced (ARCHX) |
| 17.9% | Fidelity Advisor® Balanced Z (FBAVX) |
| 17.8% | Fidelity Balanced (FBALX) |
Fund Details
JPMorgan Diversified R6 Overview
JPMorgan Diversified R6 (JDVZX) is an actively managed Allocation Moderate Allocation fund. JPMorgan launched the fund in 2017.
The investment seeks to provide a high total return from a diversified portfolio of equity and fixed income investments. The fund's adviser typically seeks to invest the fund's assets among various types of asset classes based on the following allocation: 35%–80% equity securities; 15%–65% fixed income securities; 0%–10% convertible securities. The fund invests in separate underlying strategies by investing directly in individual securities, in other mutual funds and ETFs within the same group of investment companies.
About JPMorgan Diversified R6 (JDVZX)
There are 3 members of the management team with an average tenure of 4.77 years: Morgan Moriarty (2019), Gerhardt (Gary) Herbert (2020), Charles Fishman (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 3 primary benchmarks: MSCI World NR USD index with a weighting of 100%, Bloomberg US Agg Bond TR USD index with a weighting of 40% and MSCI World NR USD index with a weighting of 60%. JPMorgan Diversified R6 has 894 securities in its portfolio. The top 10 holdings constitute 34.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
JPMorgan Diversified R6 is part of the Allocation global asset class and is within the Allocation fund group. JPMorgan Diversified R6 has 20.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 33.4%. There is 17.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 41.5% (38.4% domestic bond, 3.1% foreign bond and 0.0% convertible bond). JPMorgan Diversified R6 has 7.9% of the portfolio in cash.
Assets Under Management
The fund has $274 million in total assets, which is below the $2 billion average for the Moderate Allocation 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.
JDVZX 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 Diversified R6 expense ratio is average compared to funds in the Moderate Allocation category. JPMorgan Diversified R6 has an expense ratio of 0.58%, which is 42% lower than its category average, making the fund expense ratio grade a A. 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 Diversified R6 has a portfolio turnover rate of 83%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.
Recently, in the month of July 2026, JPMorgan Diversified R6 returned 0.1%, which earned it a grade of B, as the Moderate Allocation category had an average return of -0.3%. 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 Diversified R6 has a trailing yield of 2.60%, which is above the 1.97% 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 Diversified R6 Grades
Year to date, the fund has returned 4.4%, 2.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 10.3% over the past year (grade of F), 11.2% over the past three years (grade of D) and 5.6% per year over the past five years (grade of D) and 8.4% per year over the past 10 years (grade of C).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about JPMorgan Diversified R6, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
JDVZX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JDVZX Return (NAV) | 0.1% | 2.4% | 10.3% | 11.2% | 5.6% | 8.4% |
| JDVZX Grade | B | B | F | D | D | C |
| +/- Category | 0.3% | 0.3% | -2.8% | -0.8% | -1.0% | -0.1% |
| Moderate Allocation Avg | -0.3% | 2.1% | 13.1% | 12.0% | 6.6% | 8.5% |
| JDVZX Tax Cost Ratio | na | na | 3.8% | 1.9% | 2.5% | na |
JDVZX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JDVZX Return (NAV) | 4.4% | 13.7% | 10.2% | 15.0% | -15.4% | 13.4% | 17.2% | 20.8% | -7.8% | 17.9% | 6.2% |
| JDVZX Grade | F | C | D | C | C | D | A | B | F | A | D |
| +/- Category | -2.1% | 0.3% | -2.0% | 0.7% | -1.4% | -1.0% | 4.2% | 1.0% | -2.7% | 4.1% | -1.5% |
| Moderate Allocation Avg | 6.4% | 13.4% | 12.2% | 14.3% | -14.0% | 14.4% | 12.9% | 19.8% | -5.1% | 13.8% | 7.7% |
| Risk Measures | |
| Standard Deviation: | 9.9% |
| Total Risk Index: | 0.81 - Average |
| Category Risk Index: | 1.07 - High |
| Category Risk Grade: | F (92% Rank) |
| Beta: | 1.02 |
| R-Squared: | 94% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.6% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $520 Mil |
| Fund Total Assets: | $ 275 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 83% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 6.8 years | |||
| Average Tenure: 4.8 years | |||
| Managers (Year): Moriarty Morgan (2019), Herbert Gerhardt (Gary) (2020), Fishman Charles (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 894 |
| % in Top 10 Holdings: | 34.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 20.3% |
Portfolio Allocation |
|
| Domestic Stock: | 33.4% |
| Foreign Stock: | 17.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 38.4% |
| Foreign Bond: | 3.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 7.9% |
Purchase Information
| Fund Family: | JPMorgan |
| Phone Number: | 800-480-4111 |
| Website: | www.jpmorganfunds.com |
| Status: | Open |
| Inception Date: | November 1, 2017 |
| Min. Initial Purchase: | $15,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.58% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.99% |
| Share Class: | JPMorgan Diversified L |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
