JPMorgan Mid Cap Value Fund (JAMCX)

JPMorgan Mid Cap Value Fund (JAMCX) invests mainly in stock of U.S. mid cap companies. This domestic stock fund also invests in REITs.

JPMorgan Mid Cap Value Fund (JAMCX)

The investment aim of JPMorgan Mid Cap Value Fund is to seek growth from capital appreciation. This mutual fund uses its assets to buy equity securities of mid cap companies. Mid cap companies are corporations with market capitalizations between $1 billion and $20 billion at the time of purchase. In implementing its main strategies, it invests primarily in common stocks and real estate investment trusts (REITs). It may use futures contracts to enhance its portfolio.

Fund Profile

JAMCX fund

• Fund Inception Date: April 29, 2001
• Ticker Symbol: JAMCX
• CUSIP: 339128308
• Beta (3yr): 0.95
• Rank in category (YTD): 60%
• Category: Mid-Cap Value
• Yield: 0.97%
• Capital Gains: 0%
• Expense Ratio: 1.24%
• Net Assets: $ 12.4 billion
• Number of Years Up: 10 years
• Number of Years Down: 1 year
• Annual Turnover Rate: -

updated on 5/28/2013

As part of JP Morgan fund family, this mid cap value mutual fund has large net assets of $12.4 billion. It was first introduced to public in 2001. The fund managers are Jonathan Simon, Lawrence Playford and Gloria Fu. The current dividend yield is 0.97%. These dividend and capital gains are distributed annually. Last year, the dividend paid was $0.29 and the capital gain was $0.2187. It expense ratio is 1.24% per year.

More: Best JPMorgan Mutual Funds for 2013

Since the inception, this JPMorgan mutual fund has recorded a total of 10 years positive return and only 1 year of negative return (in 2008 with -33.24%). Morningstar analysts rank this equity mutual fund with 4-stars and Silver rating. The investment style of this fund is Mid Blend. The fund performance, based on the load adjusted returns, is as below:

• 1-year: 13.34%
• 3-year: 14.43%
• 5-year: 6.82%
• 10-year: 10.40%

The minimum first investment for brokerage account is $1,000 with $25 minimum subsequent investment. For retirement account or 401k account, please check with your broker. This class A sahre (JAMCX) currently has a limited offering. You can buy from the following brokerages. The mutual fund brokers are Merrill Lynch, Mony Securities Corp, Morgan Stanley Advisors, Scottrade Load, TD Ameritrade Inc, LPL SAM Eligible, Edward Jones, PruChoice Investments, etc.

Stock Fund

This domestic stock fund has a total of 108 holdings as of March 2013. The top ten are Loews Corp (1.7%), Ball Corp (1.6%), Marsh & McLennan Cos Inc (1.5%), AutoZone Inc (1.5%), Analog Devices Inc (1.5%), Ameriprise Financial (1.4%), Energen Corp (1.4%), Amphenol Corp (1.4%), Marathon Petroleum Corp (1.4%) and Kohl’s Corp (1.3%). These top ten represent a total of 14.7% of the total portfolio. The top sectors are Financials (25.2%) and Consumer Discretionary (20.5%).

Investing in this fund involves risks such as market risk, investment style risk, volatility risk, etc.

Disclosure: No Position