4 Best-Ranked JPMorgan Mutual Funds for Your Portfolio
With around $1.7 trillion worth of assets under management, JPMorgan is renowned as one of the world’s leading financial management companies. The company has a legacy of investment management experience since 1865. It is the eighth-largest mutual fund firm in the U.S. It also prides itself as the leader in U.S. equity fund flows. JPMorgan offers managed accounts and retirement products. The company has pioneered the introduction of innovative, inflation-protected municipal products.
Below we share with you 4 top-rated JPMorgan mutual funds . Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all JPMorgan mutual funds, investors can click here to see the complete list of JPMorgan funds .
JPMorgan US Dynamic Plus A (JPSAX) seeks long-term growth of capital. JPSAX invests a large portion of its assets in long and short positions with respect to equity securities of U.S. companies. These securities are mostly common stocks and real estate investment trusts. The JPMorgan US Dynamic Plus A fund has a three-year annualized return of 8.8%.
As of December 2015, JPSAX held 190 issues with 5.04% of its assets invested in Microsoft Corp
JPMorgan Large Cap Value A (OLVAX) invests a major portion of its assets in equity securities of large companies, which include common stocks and preferred stocks that are convertible to common stock. Large-cap companies are those whose market capitalizations are equal to those companies listed in the Russell 1000 Value Index during the time of purchase. The JPMorgan Large Cap Value A fund has a three-year annualized return of 7.8%.
OLVAX has an expense ratio of 0.93% as compared to the category average of 1.11%.
JPMorgan Multi-Cap Market Neutral A (OGNAX) seeks long-term capital preservation. OGNAX neutralizes exposure to market risk by investing in common stocks that look attractive and short sells stocks that are unattractive. OGNAX invests in different industries and sectors targeting both value and growth oriented U.S. companies. The JPMorgan Multi-Cap Market Neutral A fund has a three-year annualized return of 2.8%.
As of December 2015, OGNAX held 305 issues with 1.17% of its assets invested in Leidos Holdings Inc.
JPMorgan Investor Growth & Income A (ONGIX) is a “fund of funds” that invests its assets in diversified underlying funds which in turn invest in equity securities. ONGIX aims to maintain a risk profile identical to a fund that allocates 70% of its assets in equity securities and the rest in income securities. The JPMorgan Investor Growth & Income A fund has a three-year annualized return of 3.8%.
ONGIX has an expense ratio of 0.36% as compared to the category average of 0.89%.
To view the Zacks Rank and past performance of all J.P. Morgan Mutual Funds, investors can click here to see the complete list of funds .
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at https://www.zacks.com/funds.
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