Fund Evaluator:
JPMorgan Emerging Markets Equity A (JFAMX)
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Fund Details
JPMorgan Emerging Markets Equity A Overview
JPMorgan Emerging Markets Equity A (JFAMX) is an actively managed International Equity Diversified Emerging Mkts fund. JPMorgan launched the fund in 2001.
The investment seeks to provide high total return. The fund invests at least 80% of the value of its assets in equity securities and equity-related instruments that are tied economically to emerging markets. "Assets" means net assets, plus the amount of borrowings for investment purposes. It may invest in securities denominated in U.S. dollars, other major reserve currencies, such as the euro, yen and pound sterling, and currencies of other countries in which it can invest.
About JPMorgan Emerging Markets Equity A (JFAMX)
There are 4 members of the management team with an average tenure of 12.29 years: Leon Eidelman (2013), Amit Mehta (2013), John Citron (2025), Austin Forey (2005). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EM NR USD index with a weighting of 100%. JPMorgan Emerging Markets Equity A has 82 securities in its portfolio. The top 10 holdings constitute 46.1% 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 Emerging Markets Equity A is part of the Equity global asset class and is within the International Equity fund group. JPMorgan Emerging Markets Equity A has 98.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.9%. There is 98.9% allocated to foreign stock, and 0.1% 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 Emerging Markets Equity A has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $426 million in total assets, which is below the $967 million average for the Diversified Emerging Mkts 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.
JFAMX 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 Emerging Markets Equity A expense ratio is high compared to funds in the Diversified Emerging Mkts category. JPMorgan Emerging Markets Equity A has an expense ratio of 1.19%, which is 3% higher than its category average, making the fund expense ratio grade a C. 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 Emerging Markets Equity A has a portfolio turnover rate of 55%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, JPMorgan Emerging Markets Equity A returned -6.8%, which earned it a grade of D, as the Diversified Emerging Mkts category had an average return of -4.9%. 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 Emerging Markets Equity A has a trailing yield of 0.79%, which is below the 1.72% category average. The fund normally distributes its income annually 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 Emerging Markets Equity A Grades
Year to date, the fund has returned 23.6%, 4.5 percentage points better than the category, which translates into a grade of A. The fund has returned 46.0% over the past year (grade of A), 20.1% over the past three years (grade of B) and 5.8% per year over the past five years (grade of D) and 9.9% per year over the past 10 years (grade of B).
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JFAMX 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 |
|
| JFAMX Return (NAV) | -6.8% | 3.4% | 46.0% | 20.1% | 5.8% | 9.9% |
| JFAMX Grade | D | B | A | B | D | B |
| +/- Category | -1.9% | 0.9% | 10.1% | 2.1% | -0.7% | 1.2% |
| Diversified Emerging Mkts Avg | -4.9% | 2.4% | 35.9% | 17.9% | 6.5% | 8.7% |
| JFAMX Tax Cost Ratio | na | na | 0.4% | 0.4% | 0.4% | 0.3% |
JFAMX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JFAMX Return (NAV) | 23.6% | 39.7% | 3.1% | 7.0% | -25.9% | -10.6% | 34.4% | 31.6% | -16.2% | 42.1% | 12.9% |
| JFAMX Grade | A | A | D | F | D | F | A | A | C | B | A |
| +/- Category | 4.5% | 8.3% | -3.1% | -5.2% | -3.3% | -10.3% | 12.8% | 9.8% | 0.2% | 5.5% | 4.3% |
| Diversified Emerging Mkts Avg | 19.1% | 31.4% | 6.2% | 12.1% | -22.6% | -0.2% | 21.6% | 21.9% | -16.4% | 36.6% | 8.6% |
| Risk Measures | |
| Standard Deviation: | 17.3% |
| Total Risk Index: | 1.41 - High |
| Category Risk Index: | 1.04 - Above Average |
| Category Risk Grade: | D (68% Rank) |
| Beta: | 1.07 |
| R-Squared: | 73% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.8% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $10842 Mil |
| Fund Total Assets: | $ 427 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 55% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 20.9 years | |||
| Average Tenure: 12.3 years | |||
| Managers (Year): Forey Austin (2005), Eidelman Leon (2013), Mehta Amit (2013), Citron John (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 82 |
| % in Top 10 Holdings: | 46.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.9% |
| Foreign Stock: | 98.9% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Fund Family: | JPMorgan |
| Phone Number: | 800-480-4111 |
| Website: | www.jpmorganfunds.com |
| Status: | Open |
| 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 (%): | 1.19% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.16% |
| Share Class: | JPMorgan Emerging Markets Equity L |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
