Fund Evaluator:
JPMorgan Small Cap Growth C (OSGCX)
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Fund Details
JPMorgan Small Cap Growth C Overview
JPMorgan Small Cap Growth C (OSGCX) is an actively managed U.S. Equity Small Growth fund. JPMorgan launched the fund in 1997.
The investment seeks long-term capital growth primarily by investing in a portfolio of equity securities of small-capitalization and emerging growth companies. Under normal circumstances, at least 80% of the fund's assets will be invested in the securities of small capitalization companies. "Assets" means net assets, plus the amount of borrowings for investment purposes. Small cap companies are companies with market capitalizations equal to those within the universe of the Russell 2000® Growth Index stocks at the time of purchase.
About JPMorgan Small Cap Growth C (OSGCX)
There are 2 members of the management team with an average tenure of 2.66 years: Michael Stein (2023), Phillip Hart (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2000 Growth TR USD index with a weighting of 100%. JPMorgan Small Cap Growth C has 145 securities in its portfolio. The top 10 holdings constitute 13.6% 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 Small Cap Growth C is part of the Equity global asset class and is within the U.S. Equity fund group. JPMorgan Small Cap Growth C has 3.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.2%. There is 3.1% 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 Small Cap Growth C has 0.8% of the portfolio in cash.
Assets Under Management
The fund has $14 million in total assets, which is below the $431 million average for the Small Growth 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.
OSGCX 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 Small Cap Growth C expense ratio is high compared to funds in the Small Growth category. JPMorgan Small Cap Growth C has an expense ratio of 1.74%, which is 48% 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 Small Cap Growth C has a portfolio turnover rate of 48%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 78% for the Small Growth category.
Recently, in the month of July 2026, JPMorgan Small Cap Growth C returned -5.8%, which earned it a grade of C, as the Small Growth category had an average return of -6.7%. 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 Small Cap Growth C has a trailing yield of 0.00%, which is below the 0.06% 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 Small Cap Growth C Grades
Year to date, the fund has returned 19.7%, 6.1 percentage points better than the category, which translates into a grade of A. The fund has returned 28.0% over the past year (grade of B), 10.9% over the past three years (grade of D) and 0.6% per year over the past five years (grade of D) and 11.6% per year over the past 10 years (grade of B).
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OSGCX 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 |
|
| OSGCX Return (NAV) | -5.8% | 6.2% | 28.0% | 10.9% | 0.6% | 11.6% |
| OSGCX Grade | C | A | B | D | D | B |
| +/- Category | 0.9% | 2.5% | 5.3% | -1.4% | -2.7% | 0.4% |
| Small Growth Avg | -6.7% | 3.7% | 22.7% | 12.4% | 3.3% | 11.2% |
| OSGCX Tax Cost Ratio | na | na | 3.2% | 1.2% | 2.0% | 2.3% |
OSGCX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OSGCX Return (NAV) | 19.7% | 5.6% | 11.8% | 13.3% | -32.8% | -6.4% | 58.3% | 36.5% | -5.3% | 40.3% | 7.3% |
| OSGCX Grade | A | D | D | D | F | F | A | A | C | A | D |
| +/- Category | 6.1% | -2.4% | -3.7% | -3.4% | -4.9% | -16.9% | 16.5% | 6.6% | -1.2% | 16.3% | -3.0% |
| Small Growth Avg | 13.6% | 8.0% | 15.5% | 16.7% | -27.9% | 10.5% | 41.8% | 29.9% | -4.1% | 24.1% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 22.1% |
| Total Risk Index: | 1.80 - High |
| Category Risk Index: | 1.07 - Above Average |
| Category Risk Grade: | D (75% Rank) |
| Beta: | 1.48 |
| R-Squared: | 76% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $2419 Mil |
| Fund Total Assets: | $ 14 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 48% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.7 years | |||
| Average Tenure: 2.7 years | |||
| Managers (Year): Stein Michael (2023), Hart Phillip (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 145 |
| % in Top 10 Holdings: | 13.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.1% |
Portfolio Allocation |
|
| Domestic Stock: | 96.2% |
| Foreign Stock: | 3.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.8% |
Purchase Information
| Fund Family: | JPMorgan |
| Phone Number: | 800-480-4111 |
| Website: | www.jpmorganfunds.com |
| Status: | Closed |
| Inception Date: | November 4, 1997 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.75% |
Expenses and Fees | |
| Expense Ratio (%): | 1.74% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.18% |
| Share Class: | JPMorgan Small Cap Growth A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
