JPMorgan Growth Advantage Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, JPMorgan Growth Advantage Fund held 101 positions with $22.41B in net assets. Its ten largest holdings made up 45.7% of the fund. The VHIAX share class costs 0.99% a year. Over the 12 months to May 2026, VHIAX returned 24.5%, with dividends reinvested. In 2026 Q2 it added 32 new positions and exited 16.
The Fund seeks to provide long-term capital growth.
The fund invests in common stocks of companies across all market capitalizations, selected for strong earnings growth potential or above-average growth prospects, with a focus on those with leading competitive positions and sustainable growth. The adviser combines research, valuation and stock selection to identify opportunities, and may also assess environmental, social and governance factors as part of its analysis. Because the fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. Returns will depend on the adviser's stock selections and the adviser's ability to identify companies with above-average growth.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
GOOGAlphabet, Inc. | 11.14% | $2.50B | 7.1M | $353.33 |
NVDANVIDIA Corp. | 10.69% | $2.40B | 12.0M | $200.09 |
AVGOBroadcom, Inc. | 5.17% | $1.16B | 3.1M | $377.75 |
AAPLApple, Inc. | 4.07% | $911.24M | 3.1M | $289.36 |
3.22% | $720.88M | 624.5K | $1,154.29 | |
2.82% | $631.51M | 1.1M | $580.91 | |
TSLATesla, Inc. | 2.77% | $620.76M | 1.5M | $420.60 |
2.58% | $578.23M | 1.0M | $563.29 | |
1.69% | $379.07M | 316.0K | $1,199.43 | |
1.60% | $359.21M | 1.1M | $341.02 |
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 101 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 | 98.90% |
| Cash & short-term | 2.45% |
By sector
- Information Technology
- 43.8%
- Communication Services
- 14.6%
- Industrials
- 10.1%
- Health Care
- 8.2%
- 8 other sectors
- 23.2%
- Information Technology
- 43.8%
- Communication Services
- 14.6%
- Industrials
- 10.1%
- Health Care
- 8.2%
- Consumer Discretionary
- 6.9%
- Financials
- 4.3%
- International
- 3.8%
- Cash
- 2.4%
- Consumer Staples
- 2.4%
- Energy
- 1.9%
- Other
- 1.1%
- Real Estate
- 0.5%
How it has done
VHIAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 16.07%. 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 |
|---|---|---|---|---|---|
| 0.99% | +24.49% | +90.55% | +80.92% | -12.72% | |
| 0.74% | +24.79% | +91.93% | +83.21% | -12.69% | |
| 1.49% | +23.86% | +87.73% | +76.46% | -12.79% | |
| 0.60% | +24.96% | +92.76% | +84.44% | -12.66% | |
| 0.50% | +25.10% | +93.33% | +85.38% | -12.65% | |
| 1.00% | +24.47% | +90.50% | +80.84% | -12.70% | |
| 0.75% | +24.79% | +91.86% | +83.08% | -12.68% | |
| 1.25% | +24.15% | +89.04% | +78.55% | -12.73% |
These classes hold the same portfolio, so the 8.91pp spread over 5 years is the cost difference between them — roughly 1.78pp a year — not a difference in what they own.
Fees & fund details
JPMorgan Growth Advantage Fund is an actively managed U.S. equity fund. 43% of VHIAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 93% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.50% – 1.49%· VHIAX 0.99%
- Portfolio turnover
- 36.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
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.
32 new· the largest 8
16 exited· the largest 8
Understand how this fund fits with the rest.
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