JPFCX — JPMorgan Equity Focus Fund
Data updated: 2023-09-13
JPFCX — JPMorgan Equity Focus Fund. Developed ex-US Real Estate · $244.51M AUM · 1.60% expense ratio. Holdings, fees, performance and SEC filings.
JPFCX Fund Overview
JPFCX — JPMorgan Equity Focus Fund is a US mutual fund managed by JPMorgan Trust I, categorised as Developed ex-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: Developed ex-US Real Estate
- Assets under management: $244.51M
- 1-year return: 18.0%
- Ticker: JPFCX
- SEC CIK: 0001217286
- SEC series ID: S000032550
- Share class ID: C000100368
JPFCX Investment Objective and Strategy
JPMorgan Equity Focus 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 long term capital appreciation.
Principal investment strategy
The Fund is a non-diversified equity portfolio which is normally managed as a core portfolio, but which has the ability to pro-actively invest more heavily in either growth or value securities depending on market conditions and the convictions of the adviser. The Fund invests in a limited number of U.S. equity securities, generally not more than 40. In choosing securities, the Fund seeks to invest in companies with one or more of the following characteristics: A durable franchise A sustainable competitive position relative to its peers A market leader A strong management team focused on increasing shareholder value A strong balance sheet. The size of the allocation of the Fund to growth and value securities will vary based on market conditions, and the convictions of the adviser each ranging from 35% to 65% of the equity investments in the Fund.
Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities. Assets means net assets, plus the amount of borrowings for investment purposes. The Fund typically invests in equity securities with market capitalizations of $1 billion or more. In implementing its main strategies, the Fund invests primarily in common stocks and real estate investment trusts (REITs), but it may also invest up to 20% of its total assets in common stocks of foreign companies, including depositary receipts. Depositary receipts are financial instruments representing a foreign companys publicly traded securities. A depository receipt trades on a stock exchange in a country different from the companys local market. Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would.
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. To the extent the Fund uses derivatives the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. If the Funds portfolio managers cannot find attractive investments, the Fund may invest up to 20% of its total assets in cash and cash equivalents until appropriate investments are identified. Investment Process: In managing the Fund, the portfolio managers employ a process that combines research, valuation and stock selection. In selecting growth stocks, the adviser focuses on companies whose revenue growth potential is underappreciated by investors, specifically looking for companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future.
These companies have one or more of the following characteristics: A favorable supply/demand imbalance for the companys product or service Underappreciated growth opportunities Differentiated business model Ability to gain market share Growth opportunities in emerging industries or those that emerge from industry changes In selecting value stocks, the adviser seeks to invest in companies which have durable franchises and which appear to be undervalued and have the ability to grow intrinsic value per share. Companies with durable franchises generally have a sustainable competitive position relative to peers, high returns on capital, a diversified client or asset base and a strong brand. The adviser may sell a security due to a change in the companys fundamentals or a change in the original reason for purchase of an investment, or if the adviser no longer considers the security to be attractively valued.
Investments may also be sold if a portfolio manager identifies a stock that he believes offers a better investment opportunity or to reallocate the Funds assets between growth and value securities.
JPFCX Performance
Total returns for JPFCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 18.0% |
| 3 years (annualised) | 15.9% |
JPFCX Risk Information
Risk metrics for JPFCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.8%
JPFCX Costs and Fees
JPFCX costs about $160 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.60%
- Gross expense ratio: 1.69%
- Portfolio turnover: 29%
- Brokerage commissions: 1.38 bps of average net assets (SEC N-CEN)
JPFCX Cashflows
Over the 12 months to 2023-06, JPMorgan Equity Focus Fund had net inflows of $30.74M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | −$15.88M |
| 2023-05 | $18.02M |
| 2023-04 | −$773.22K |
| 2023-03 | $4.89M |
| 2023-02 | $16.05K |
| 2023-01 | −$1.17M |
JPFCX Debt Constituents
No individual debt constituents are reported in JPMorgan Equity Focus Fund's latest SEC N-PORT filing.
JPFCX Prospectus and SEC Filings
Official JPMorgan Equity Focus Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-10-22
- Prospectus (485BPOS) — filed 2020-10-23
- Prospectus supplement (497) — filed 2023-07-12
- Portfolio holdings (N-PORT) — filed 2023-08-25
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Portfolio holdings (N-PORT) — filed 2023-02-28
- Annual census (N-CEN) — filed 2023-09-13
- Annual census (N-CEN) — filed 2022-09-12
Related Funds
Other Developed ex-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.