Fund Evaluator:

JPMorgan US Large Cap Core Plus A Overview

JPMorgan US Large Cap Core Plus A (JLCAX) is an actively managed U.S. Equity Large Blend fund. JPMorgan launched the fund in 2005.

The investment seeks to provide a high total return from a portfolio of selected equity securities. Under normal circumstances, at least 80% of the value of the fund's assets, which are expected to include both long and short positions, will consist of different U.S. securities, selected from a universe of publicly traded large capitalization securities with characteristics similar to those comprising the S&P 500 Index.

About JPMorgan US Large Cap Core Plus A (JLCAX)

There are 3 members of the management team with an average tenure of 7.59 years: Timothy Woodhouse (2025), Andrew Stern (2025), Susan Bao (2005). 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 Large Cap Core Plus A has 273 securities in its portfolio. The top 10 holdings constitute 42.1% 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 US Large Cap Core Plus A is part of the Equity global asset class and is within the U.S. Equity fund group. JPMorgan US Large Cap Core Plus A has 2.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.5%. There is 2.3% 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 Large Cap Core Plus A has 1.3% of the portfolio in cash.

Assets Under Management

The fund has $396 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.

JLCAX 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 Large Cap Core Plus A expense ratio is high compared to funds in the Large Blend category. JPMorgan US Large Cap Core Plus A has an expense ratio of 1.64%, which is 102% higher than its category average, making the fund expense ratio grade a F. 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 Large Cap Core Plus A has a portfolio turnover rate of 100%, 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 July 2026, JPMorgan US Large Cap Core Plus A returned -0.3%, which earned it a grade of D, as the Large Blend category had an average return of 0.4%. 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 Large Cap Core Plus A has a trailing yield of 0.00%, which is below the 0.56% 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 US Large Cap Core Plus A Grades

Year to date, the fund has returned 7.0%, 2.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 13.8% over the past year (grade of D), 18.9% over the past three years (grade of B) and 12.7% per year over the past five years (grade of B) and 15.3% per year over the past 10 years (grade of A).

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