Fund Evaluator:
JPMorgan US Equity A (JUEAX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
JPMorgan US Equity A Overview
JPMorgan US Equity A (JUEAX) is an actively managed U.S. Equity Large Blend fund. JPMorgan launched the fund in 2001.
The investment seeks to provide high total return from a portfolio of selected equity securities. Under normal circumstances, the fund invests at least 80% of its assets in equity securities of U.S. companies. "Assets" means net assets, plus the amount of borrowings for investment purposes. In implementing its strategy, the fund primarily invests in common stocks of large- and medium-capitalization U.S. companies but it may also invest up to 20% of its assets in common stocks of foreign companies, including depositary receipts.
About JPMorgan US Equity A (JUEAX)
There are 2 members of the management team with an average tenure of 8.36 years: Scott Davis (2014), Shilpee Raina (2021). 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 Equity A has 66 securities in its portfolio. The top 10 holdings constitute 43.6% 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 Equity A is part of the Equity global asset class and is within the U.S. Equity fund group. JPMorgan US Equity A has 2.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.8%. There is 2.0% 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 Equity A has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $2 billion 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.
JUEAX 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 Equity A expense ratio is high compared to funds in the Large Blend category. JPMorgan US Equity A has an expense ratio of 0.94%, which is 16% higher than its category average, making the fund expense ratio grade a D. 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 Equity A has a portfolio turnover rate of 39%, 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 Equity A returned -0.7%, which earned it a grade of F, 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 Equity A has a trailing yield of 0.13%, which is below the 0.56% 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 Equity A Grades
Year to date, the fund has returned 3.5%, 5.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 9.0% over the past year (grade of F), 15.4% over the past three years (grade of D) and 10.3% per year over the past five years (grade of D) and 14.3% per year over the past 10 years (grade of B).
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JUEAX 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 |
|
| JUEAX Return (NAV) | -0.7% | 1.2% | 9.0% | 15.4% | 10.3% | 14.3% |
| JUEAX Grade | F | F | F | D | D | B |
| +/- Category | -1.1% | -2.9% | -8.4% | -2.0% | -0.8% | 0.7% |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| JUEAX Tax Cost Ratio | na | na | 1.5% | 1.2% | 1.6% | 1.8% |
JUEAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JUEAX Return (NAV) | 3.5% | 14.1% | 23.6% | 26.7% | -19.2% | 28.2% | 26.1% | 31.6% | -6.3% | 21.1% | 10.5% |
| JUEAX Grade | F | D | C | B | D | B | A | B | D | C | C |
| +/- Category | -5.8% | -1.7% | 1.6% | 3.0% | -1.9% | 1.6% | 8.5% | 1.8% | -0.4% | -0.2% | 0.3% |
| Large Blend Avg | 9.3% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 13.8% |
| Total Risk Index: | 1.12 - Above Average |
| Category Risk Index: | 1.04 - Above Average |
| Category Risk Grade: | D (78% Rank) |
| Beta: | 1.04 |
| R-Squared: | 97% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.1% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $31719 Mil |
| Fund Total Assets: | $2,938 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 39% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 12.0 years | |||
| Average Tenure: 8.4 years | |||
| Managers (Year): Davis Scott (2014), Raina Shilpee (2021) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 66 |
| % in Top 10 Holdings: | 43.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.0% |
Portfolio Allocation |
|
| Domestic Stock: | 97.8% |
| Foreign Stock: | 2.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Fund Family: | JPMorgan |
| Phone Number: | 800-480-4111 |
| Website: | www.jpmorganfunds.com |
| Status: | Open |
| Inception Date: | September 10, 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 (%): | 0.94% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | JPMorgan US Equity L |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
