JPMorgan Equity Income Fund

JPMorgan Trust II · Series S000003846 · 8 share classes

Equity fund · 99% stocks
One fund, 8 share classes:HLIEXOIEIXOINCXOIEFXOIERXOIEJXOIEPXOIEQX
$41.28B NAV
88 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 capital appreciation and current income.

Strategy · summarised

The fund selects dividend-paying stocks of companies across all market capitalizations using fundamental analysis, seeking businesses with durable competitive advantages, strong management, and attractive valuations relative to long-term intrinsic value. The adviser also considers environmental, social and governance factors as part of its assessment of financial risks and opportunities. The fund invests at least 80% of assets in equities, including common stocks and REITs, and may use futures contracts to gain targeted equity exposure from cash positions.

Expenses
0.45% 1.45%across 8 share classes
Share classExpense ratio
HLIEX0.70%
OIEIX0.95%
OINCX1.45%
OIEFX1.20%
OIERX0.55%
OIEJX0.45%
OIEPX0.95%
OIEQX0.70%

Portfolio turnover 20.00% · as of 2025 Q4

Allocation

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

99.94%
of net assets
Stocks99.47%
Cash & short-term0.47%

Latest quarter

What changed since the fund's previous filing

2026Q1 vs 2025Q4: 7 new4 exited

New: META, USB, INTU, BKNG, Aon plc, SHW, CP

Exited: FIS, DLR, PEG, JPMorgan Securities Lending Money Market Fund

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
Wells Fargo & Co.WFC2.75%$1.14B
Alphabet, Inc.GOOG2.55%$1.05B
ConocoPhillipsCOP2.54%$1.05B
Johnson & JohnsonJNJ2.47%$1.02B
Chevron Corp.CVX2.42%$999.37M
Philip Morris International, Inc.PM2.29%$946.05M
Eaton Corp. plc2.16%$892.39M
Bank of America Corp.BAC2.06%$851.82M
Union Pacific Corp.UNP2.02%$835.16M
Morgan StanleyMS1.95%$802.80M
Showing 10 of 88Sign 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 23.22% of net assets, top 25 48.36%, across 88 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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