JPMorgan Small Cap Equity Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, JPMorgan Small Cap Equity Fund held 120 positions with $2.88B in net assets. Its ten largest holdings made up 16.7% of the fund. The VSEIX share class costs 0.99% a year. Over the 12 months to May 2026, VSEIX returned 11.6%, with dividends reinvested. In 2026 Q2 it added 16 new positions and exited 7.
The Fund seeks capital growth over the long term.
The fund invests at least 80% of assets in equity securities of small-cap companies within the Russell 2000 Index universe, employing a fundamental bottom-up process to identify attractively valued companies with leading competitive positions, durable business models, and prudent management capital allocation. The adviser assesses environmental, social and governance factors as part of its analysis of financially material risks and opportunities, though such assessments may not be conclusive and do not preclude investment in or divestment from issuers based on ESG considerations alone. The fund may use futures contracts to gain targeted equity exposure from cash positions.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
JPMorgan Securities Lending Money Market Fund | 3.02% | $87.05M | — | — |
1.84% | $52.99M | 1.1M | $47.75 | |
NOVTNovanta, Inc. | 1.70% | $48.79M | 300.7K | $162.24 |
JIMXXJPMorgan Prime Money Market Fund | 1.56% | $44.79M | — | — |
1.48% | $42.50M | 527.2K | $80.61 | |
1.46% | $41.88M | 239.9K | $174.58 | |
BELFBBel Fuse, Inc. | 1.44% | $41.30M | 124.0K | $333.04 |
1.40% | $40.19M | 260.1K | $154.52 | |
1.39% | $40.07M | 1.5M | $26.35 | |
1.38% | $39.59M | 568.7K | $69.62 |
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 120 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 | 97.67% |
| Cash & short-term | 4.58% |
| Other | 0.79% |
By sector
- Industrials
- 23.9%
- Financials
- 19.5%
- Information Technology
- 15.6%
- Health Care
- 7.5%
- 9 other sectors
- 33.5%
- Industrials
- 23.9%
- Financials
- 19.5%
- Information Technology
- 15.6%
- Health Care
- 7.5%
- Consumer Discretionary
- 6.8%
- Materials
- 6.2%
- Consumer Staples
- 5.2%
- Cash
- 4.4%
- Energy
- 3.5%
- Real Estate
- 3.1%
- International
- 2.8%
- Other
- 0.8%
- Utilities
- 0.7%
How it has done
VSEIX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.57%. 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% | +11.58% | +33.00% | +12.39% | -17.07% | |
| 1.24% | +11.28% | +32.00% | +10.95% | -17.16% | |
| 1.76% | +10.71% | +29.97% | +8.18% | -17.32% | |
| 0.80% | +11.80% | +33.77% | +13.48% | -17.01% | |
| 1.49% | +11.03% | +31.04% | +9.62% | -17.24% | |
| 0.74% | +11.85% | +34.00% | +13.79% | -16.99% | |
| 1.24% | +11.27% | +31.95% | +10.95% | -17.16% | |
| 0.99% | +11.60% | +33.02% | +12.41% | -17.07% |
These classes hold the same portfolio, so the 5.61pp spread over 5 years is the cost difference between them — roughly 1.12pp a year — not a difference in what they own.
Fees & fund details
JPMorgan Small Cap Equity Fund is an actively managed U.S. equity fund. 25% of VSEIX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 86% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.74% – 1.76%· VSEIX 0.99%
- Portfolio turnover
- 26.00% 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.
16 new· the largest 8
7 exited
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 — VSEIX, QQQ and the fund in my 401(k)?”
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