JPMorgan Global Research Enhanced Index Fund
Data updated: 2020-06-26
C000195050 — JPMorgan Global Research Enhanced Index Fund. Global (incl. US) Real Estate · $2.80B AUM. Holdings, fees, performance and SEC filings.
C000195050 Fund Overview
JPMorgan Global Research Enhanced Index Fund is a US mutual fund managed by JPMorgan Trust I, categorised as Global (incl. US) Real Estate. 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: Global (incl. US) Real Estate
- Assets under management: $2.80B
- SEC CIK: 0001217286
- SEC series ID: S000039804
- Share class ID: C000195050
C000195050 Investment Objective and Strategy
JPMorgan Global Research Enhanced Index 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.
Principal investment strategy
Under normal circumstances, the Fund will invest at least 80% of its Assets in securities that are included in the index designated by the Fund or securities whose economic returns are similar to such index or its components. Assets means net assets, plus the amount of borrowings for investment purposes. The securities in which the Fund may invest include, but are not limited to, common stock, preferred stock, depositary receipts, privately placed securities and real estate investment trusts (REITs). The Fund seeks to outperform the Morgan Stanley Capital International (MSCI) World Index 1 (net of foreign withholding taxes) (the Index) over time while maintaining similar risk characteristics. In implementing its strategy, the Fund primarily invests in securities included within the universe of the Index.
However, the Fund modestly overweights securities in the Index that it considers undervalued while modestly underweighting or not holding securities in the Index that it considers overvalued. Under normal circumstances, while the Fund anticipates that it will only own a portion, which may represent a minority, of the securities included in the Index, it seeks to achieve similar sector, geographic and risk characteristics to the Index. By owning a large number of securities within the Index, with an emphasis on those that appear undervalued, the Fund seeks returns that modestly exceed those of the Index over the long term with a modest level of tracking error to the Index. The Index may include the securities of smaller capitalization companies. The Fund may invest in securities of issuers located anywhere in the world.
Under normal circumstances, the Fund intends to invest at least 40% of its total assets in countries other than the United States, unless the index designated by the Fund includes less than 40% of its total assets in countries other than the United States, in which case, the Fund would invest at least 30% of its total assets in such countries. The Fund may use exchange-traded futures to gain exposure to particular foreign securities or markets and for the efficient management of cash flows. The Fund may invest in securities denominated in any currency and may from time to time hedge a portion of its foreign currency exposure using currency forwards. An issuer of a security will be deemed to be located in a particular country if: (i) the principal trading market for the security is in such country, (ii) the issuer is organized under the laws of such country or (iii) the issuer derives at least 50% of its revenues or profits from such country or has at least 50% of its total assets situated in such country.
Investment Process: In managing the Fund, the adviser combines fundamental research with a disciplined portfolio construction process. The adviser utilizes proprietary research, optimization modeling techniques and individual security selection in constructing the Funds portfolio. In-depth, fundamental research into individual securities is conducted by research analysts who emphasize each issuers long-term prospects. This research allows the adviser to rank issuers within each sector group according to their relative value. 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 adviser will modestly overweight securities which it deems to be attractive and modestly underweight or not hold those securities which it believes are unattractive. The adviser may sell a security as its valuations or rankings change or if more attractive investments become available. In managing the Fund, the adviser will seek to help manage risk in the Funds portfolio by investing in issuers in at least three different countries other than the United States. However, the Fund may invest a substantial part of its assets in just one country. 1 MSCI World Index is a registered service mark of Morgan Stanley Capital International, which does not sponsor and is in no way affiliated with the Fund.
C000195050 Costs and Fees
C000195050 costs about $25 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.25%
- Gross expense ratio: 0.30%
- Portfolio turnover: 29%
- Brokerage commissions: 2.59 bps of average net assets (SEC N-CEN)
C000195050 Cashflows
Over the 12 months to 2020-04, JPMorgan Global Research Enhanced Index Fund had net outflows of $1.05B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-04 | −$135.10M |
| 2020-03 | −$201.27M |
| 2020-02 | −$329.98M |
| 2020-01 | −$50.88M |
| 2019-12 | $38.15M |
| 2019-11 | −$129.70M |
C000195050 Debt Constituents
No individual debt constituents are reported in JPMorgan Global Research Enhanced Index Fund's latest SEC N-PORT filing.
C000195050 Prospectus and SEC Filings
Official JPMorgan Global Research Enhanced Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-16
- Prospectus (485BPOS) — filed 2019-03-05
- Prospectus (485BPOS) — filed 2018-03-12
- Portfolio holdings (N-PORT) — filed 2020-06-26
- Portfolio holdings (N-PORT) — filed 2020-03-25
- Portfolio holdings (N-PORT) — filed 2019-12-23
- Annual census (N-CEN) — filed 2020-01-10
- Annual census, amended (N-CEN/A) — filed 2019-05-24
Related Funds
Other Global (incl. US) Real Estate 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.