JPMorgan U.S. Research Enhanced Equity Fund

JPMorgan Trust I · Series S000002765 · 3 share classes

Equity fund · 98% stocks
One fund, 3 share classes:JDESXJDEAXJDEUX
$10.30B NAV
158 positions · as of 2026-03-31 · filed 2026-05-29
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2025 Q4

The Fund seeks to provide a consistently high total return from a broadly diversified portfolio of equity securities with risk characteristics similar to the Standard and Poors 500 Composite Stock Price Index (S&P 500 Index).

Strategy · summarised

The fund invests primarily in common stocks of companies in the S&P 500 Index, modestly overweighting securities it considers undervalued or fairly valued relative to the index's sector weightings, and may use futures contracts to gain equity exposure from cash positions. Because the fund's returns depend on its security selections and valuations, which may diverge from index constituents, performance may differ from the S&P 500 Index. The adviser assesses environmental, social and governance factors as part of its research process but may hold securities negatively impacted by such factors or avoid those positively impacted.

Expenses
0.25% 0.60%across 3 share classes
Share classGrossNet
JDESX0.58%0.35%
JDEAX0.84%0.60%
JDEUX0.33%0.25%

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

Portfolio turnover 28.00% · as of 2025 Q4

Allocation

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

99.71%
of net assets
Stocks97.93%
Cash & short-term1.81%
Derivatives-0.03%

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 13 new7 exited

Largest new: MS, DOV, ADSK, Accenture plc, BX, WAT, GLW, FTNT

Exited: TFC, KO, RF, BA, LPLA, RJF, DXCM

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.NVDA8.01%$825.20M
Apple, Inc.AAPL6.45%$664.84M
Microsoft Corp.MSFT5.34%$550.24M
Amazon.com, Inc.AMZN4.09%$420.98M
Alphabet, Inc.GOOGL3.02%$310.96M
Broadcom, Inc.AVGO2.77%$285.17M
Meta Platforms, Inc.META2.40%$247.15M
Exxon Mobil Corp.XOM2.17%$223.78M
Alphabet, Inc.GOOG1.98%$203.70M
JPMorgan Prime Money Market Fund1.81%$186.37M
Showing 10 of 158Sign in to see more

Top 10 positions are 38.03% of net assets, top 25 54.85%, across 157 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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