Fund Evaluator:
JPMorgan Large Cap Value R4 (OLVRX)
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Fund Details
JPMorgan Large Cap Value R4 Overview
JPMorgan Large Cap Value R4 (OLVRX) is an actively managed U.S. Equity Large Value fund. JPMorgan launched the fund in 2018.
The investment seeks capital appreciation with the incidental goal of achieving current income by investing primarily in equity securities. Under normal circumstances, at least 80% of the fund’s assets will be invested in equity securities of large companies, including common stocks, and debt and preferred securities which are convertible to common stock. "Assets" means net assets, plus the amount of borrowings for investment purposes. Large companies are companies with market capitalizations equal to those within the universe of the Russell 1000® Value Index at the time of purchase.
About JPMorgan Large Cap Value R4 (OLVRX)
There are 2 members of the management team with an average tenure of 8.04 years: Scott Blasdell (2013), John Piccard (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. JPMorgan Large Cap Value R4 has 103 securities in its portfolio. The top 10 holdings constitute 29.2% 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 Large Cap Value R4 is part of the Equity global asset class and is within the U.S. Equity fund group. JPMorgan Large Cap Value R4 has 0.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.5%. There is 0.9% 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 Large Cap Value R4 has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $230 million in total assets, which is below the $1 billion average for the Large Value 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.
OLVRX 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 Large Cap Value R4 expense ratio is above average compared to funds in the Large Value category. JPMorgan Large Cap Value R4 has an expense ratio of 0.69%, which is 25% 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 Large Cap Value R4 has a portfolio turnover rate of 185%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of July 2026, JPMorgan Large Cap Value R4 returned 2.2%, which earned it a grade of D, as the Large Value category had an average return of 2.9%. 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 Large Cap Value R4 has a trailing yield of 0.93%, which is below the 1.20% 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 Large Cap Value R4 Grades
Year to date, the fund has returned 11.9%, 2.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 24.0% over the past year (grade of C), 15.4% over the past three years (grade of C) and 11.7% per year over the past five years (grade of B) and 12.9% per year over the past 10 years (grade of A).
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OLVRX 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 |
|
| OLVRX Return (NAV) | 2.2% | 7.2% | 24.0% | 15.4% | 11.7% | 12.9% |
| OLVRX Grade | D | B | C | C | B | A |
| +/- Category | -0.6% | 1.0% | 0.2% | -0.3% | 0.8% | 1.7% |
| Large Value Avg | 2.9% | 6.2% | 23.8% | 15.7% | 10.9% | 11.3% |
| OLVRX Tax Cost Ratio | na | na | 2.1% | 2.3% | 2.2% | na |
OLVRX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OLVRX Return (NAV) | 11.9% | 15.6% | 15.7% | 11.2% | -0.1% | 23.7% | 10.6% | 27.4% | -15.2% | 17.7% | 22.0% |
| OLVRX Grade | D | C | B | C | A | D | A | B | F | B | A |
| +/- Category | -2.4% | 0.5% | 1.6% | -0.6% | 5.9% | -2.1% | 6.8% | 1.8% | -6.8% | 1.3% | 7.5% |
| Large Value Avg | 14.3% | 15.2% | 14.1% | 11.8% | -6.0% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 13.3% |
| Total Risk Index: | 1.08 - Above Average |
| Category Risk Index: | 1.10 - High |
| Category Risk Grade: | F (91% Rank) |
| Beta: | 0.82 |
| R-Squared: | 64% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 0.9% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $5027 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 185% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 13.3 years | |||
| Average Tenure: 8.0 years | |||
| Managers (Year): Blasdell Scott (2013), Piccard John (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 103 |
| % in Top 10 Holdings: | 29.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.9% |
Portfolio Allocation |
|
| Domestic Stock: | 98.5% |
| Foreign Stock: | 0.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Fund Family: | JPMorgan |
| Phone Number: | 800-480-4111 |
| Website: | www.jpmorganfunds.com |
| Status: | Open |
| Inception Date: | October 1, 2018 |
| Min. Initial Purchase: | $ 0 |
| 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 (%): | 0.69% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | JPMorgan Large Cap Value I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
