JPMorgan Research Market Neutral Fund
Data updated: 2026-09-28
C000007188 — JPMorgan Research Market Neutral Fund. United States Large Cap Blend / Core Equity · $367.88M AUM. Holdings, fees, performance and SEC filings.
C000007188 Fund Overview
JPMorgan Research Market Neutral Fund is a US mutual fund managed by JPMorgan Trust I, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: JPMorgan Trust I
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $367.88M
- SEC CIK: 0001217286
- SEC series ID: S000002614
- Share class ID: C000007188
C000007188 Investment Objective and Strategy
JPMorgan Research Market Neutral Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by JPMorgan Trust I.
Investment objective
The Fund seeks to provide long-term capital appreciation from a broadly diversified portfolio of U.S. stocks while neutralizing the general risks associated with stock market investing.
Principal investment strategy
The Fund takes long and short positions in different securities, selecting from a universe of mid- to large-capitalization stocks with characteristics similar to those of the Russell 1000 and/or Standard & Poors 500 (S& P 500) Indexes, in an effort to insulate the Funds performance from the effects of general stock market movements. As of the last reconstitution of the Russell 1000 Index on October 16, 2017, the companies in the index included companies with market capitalizations ranging from $1.55 billion to $581.60 billion. As of the last reconstitution of the S&P 500 Index on September 15, 2017, the companies in the index included companies with market capitalizations of $3.63 billion to $819.57 billion. In rising markets, the Fund expects that the long positions will appreciate more rapidly than the short positions, and in declining markets that the short positions will decline faster than the long positions.
The Fund expects that this difference in rates of appreciation, along with any returns on cash generated by short sales, will generate a positive return; the Fund pursues returns exceeding those of 90-day U.S. Treasury Bills. The Fund purchases securities that it believes are undervalued and sells short securities that it believes are overvalued. The long and short positions are matched on a variety of risk characteristics in order to limit exposure to macroeconomic factors. In each sector in which the Fund invests, it balances the dollars invested in long and short positions to remain sector neutral. In attempting to neutralize market and sector risks, the Fund emphasizes stock selection as the primary means of generating returns. Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest.
The Fund may use futures contracts to more effectively gain targeted equity exposure from its cash positions. Investment Process: In managing the Fund the adviser employs a three-step process that combines research, valuation and stock selection. The research findings allow the adviser to rank the companies according to what it believes to be their relative value. The greater a companys estimated worth compared to the current market price of its stock, the more undervalued the company. The valuation rankings are produced with the help of a variety of models that quantify the research teams findings. As a part of its investment process, the adviser seeks to assess the impact of environmental, social and governance factors (including accounting and tax policies, disclosure and investor communication, shareholder rights and remuneration policies) on the cash flows of many companies in which it may invest to identify issuers that the adviser believes will be negatively impacted by such factors relative to other issuers.
These determinations may not be conclusive and securities of such issuers may be purchased and retained by the Fund. The Fund buys and sells securities according to its own policies, using the research and valuation rankings as a basis. In general, the team selects securities that are identified as undervalued and considers selling them when they appear overvalued. Along with attractive valuation, the team often considers a number of other criteria: catalysts that could trigger a rise in a stocks price impact on the overall risk of the portfolio relative to the benchmark temporary mispricings caused by market overreactions
C000007188 Holdings
Top 10 holdings of JPMorgan Research Market Neutral Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| JPMorgan Prime Money Market Fund | 19.57% |
| Mastercard, Inc. | 1.89% |
| Corpay, Inc. | 1.78% |
| Entergy Corp. | 1.70% |
| NextEra Energy, Inc. | 1.41% |
| Aon plc | 1.38% |
| Sempra | 1.26% |
| Lowe's Cos., Inc. | 1.26% |
| Fifth Third Bancorp | 1.22% |
| Burlington Stores, Inc. | 1.21% |
C000007188 Portfolio Allocation
Asset-class allocation of JPMorgan Research Market Neutral Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 79.8% |
| Cash & Equivalents | 19.6% |
C000007188 Costs and Fees
C000007188 costs about $332 per $10,000 invested per year in fund expenses.
- Net expense ratio: 3.32%
- Gross expense ratio: 3.21%
- Portfolio turnover: 284%
- Brokerage commissions: 7.09 bps of average net assets (SEC N-CEN)
C000007188 Cashflows
Over the 12 months to 2026-07, JPMorgan Research Market Neutral Fund had net inflows of $12.92M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $41.97M |
| 2026-06 | −$5.75M |
| 2026-05 | $2.50M |
| 2026-04 | −$9.88M |
| 2026-03 | −$5.83M |
| 2026-02 | −$10.59M |
C000007188 Debt Constituents
No individual debt constituents are reported in JPMorgan Research Market Neutral Fund's latest SEC N-PORT filing.
C000007188 Prospectus and SEC Filings
Official JPMorgan Research Market Neutral Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-24
- Prospectus (485BPOS) — filed 2025-02-24
- Prospectus (485BPOS) — filed 2024-02-21
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-13
- Annual census (N-CEN) — filed 2025-01-14
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.