JPMorgan U.S. Equity Fund

JPMorgan Trust I · Series S000001447 · 9 share classes

Equity fund · 99% stocks
One fund, 9 share classes:JUEAXJUESXJMUEXJUECXJUSRXJUEZXJUEMXJUEPXJUEQX
$31.57B NAV
56 positions · as of 2026-03-31 · filed 2026-05-29
data updated 2026-08-17

Fund profile

As filed in the prospectus · 2025 Q4

The Fund seeks to provide high total return from a portfolio of selected equity securities.

Strategy · summarised

The fund invests primarily in common stocks of large- and medium-capitalization U.S. companies selected for attractive valuation, with up to 20% in foreign equities, seeking to outperform its benchmark through superior stock selection based on research into company prospects and relative value within sectors. The adviser may use futures contracts to gain equity exposure from cash positions. Because security selection drives returns, performance depends on the adviser's ability to identify attractively valued stocks and time their purchase and sale.

Expenses
0.44% 1.44%across 9 share classes
Share classGrossNet
JUEAX0.96%0.94%
JUESX0.71%0.69%
JMUEX0.56%
JUECX1.46%1.44%
JUSRX0.56%0.54%
JUEZX1.21%1.19%
JUEMX0.46%0.44%
JUEPX0.96%0.94%
JUEQX0.71%0.69%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 39.00% · as of 2025 Q4

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

100.01%
of net assets
Stocks99.46%
Cash & short-term0.55%

Latest quarter

What changed since the fund's previous filing

2026Q1 vs 2025Q4: 6 new3 exited

New: COP, AZO, ASML Holding NV, WDC, MU, BSX

Exited: TRV, AMP, ROP

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA Corp.NVDA8.88%$2.80B
Apple, Inc.AAPL7.02%$2.22B
Amazon.com, Inc.AMZN5.30%$1.67B
Alphabet, Inc.GOOGL4.84%$1.53B
Microsoft Corp.MSFT3.87%$1.22B
Broadcom, Inc.AVGO3.40%$1.07B
Meta Platforms, Inc.META3.38%$1.07B
Wells Fargo & Co.WFC3.15%$996.11M
Mastercard, Inc.MA2.96%$933.56M
Lowe's Cos., Inc.LOW2.49%$786.18M
Showing 10 of 56Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-03-31 — not a live quote, and not what the fund paid.

Top 10 positions are 45.31% of net assets, top 25 73.49%, across 56 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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