JPMorgan Equity Income Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, JPMorgan Equity Income Fund held 83 positions with $43.57B in net assets. Its ten largest holdings made up 27.2% of the fund. The HLIEX share class costs 0.7% a year. Over the 12 months to May 2026, HLIEX returned 22.7%, with dividends reinvested. In 2026 Q2 it added 7 new positions and exited 12.
The Fund seeks capital appreciation and current income.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
AMZNAmazon.com, Inc. | 5.33% | $2.32B | 9.8M | $238.34 |
AAPLApple, Inc. | 3.70% | $1.61B | 5.6M | $289.36 |
MSFTMicrosoft Corp. | 3.00% | $1.31B | 3.5M | $373.02 |
2.47% | $1.08B | 4.2M | $253.97 | |
2.30% | $1.00B | 5.5M | $180.91 | |
2.19% | $953.05M | 4.6M | $209.04 | |
2.12% | $923.35M | 11.2M | $82.64 | |
2.10% | $916.48M | 6.5M | $139.96 | |
2.06% | $897.08M | 15.7M | $56.98 | |
Eaton Corp. plc | 1.97% | $858.59M | 2.0M | $426.12 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 83 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.34% |
| Cash & short-term | 0.64% |
By sector
- Financials
- 19.8%
- Information Technology
- 14.3%
- Health Care
- 13.7%
- Industrials
- 12.0%
- 9 other sectors
- 40.2%
- Financials
- 19.8%
- Information Technology
- 14.3%
- Health Care
- 13.7%
- Industrials
- 12.0%
- Consumer Discretionary
- 11.6%
- Consumer Staples
- 6.2%
- Energy
- 4.5%
- Utilities
- 4.4%
- Communication Services
- 4.0%
- International
- 3.4%
- Materials
- 3.0%
- Real Estate
- 2.5%
- Cash
- 0.6%
How it has done
HLIEX share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.04%. Past returns are a record, not a forecast.
Jun 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.
The 8 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.70% | +22.72% | +57.14% | +55.20% | -8.50% | |
| 0.95% | +22.39% | +55.86% | +53.21% | -8.55% | |
| 1.45% | +21.81% | +53.60% | +49.43% | -8.72% | |
| 1.20% | +22.13% | +54.76% | +51.27% | -8.62% | |
| 0.55% | +22.92% | +57.84% | +56.36% | -8.45% | |
| 0.45% | +23.03% | +58.27% | +57.10% | -8.44% | |
| 0.95% | +22.45% | +55.92% | +53.26% | -8.56% | |
| 0.70% | +22.69% | +57.06% | +55.18% | -8.50% |
These classes hold the same portfolio, so the 7.66pp spread over 5 years is the cost difference between them — roughly 1.53pp a year — not a difference in what they own.
Fees & fund details
JPMorgan Equity Income Fund is an actively managed U.S. equity fund. 4% of HLIEX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.45% – 1.45%· HLIEX 0.70%
- Portfolio turnover
- 20.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
7 new
12 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — HLIEX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”