JPMorgan U.S. Equity Fund
JPMorgan Trust I · Series S000001447 · 9 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2025 Q4
The Fund seeks to provide high total return from a portfolio of selected equity securities.
The fund invests primarily in common stocks of large- and medium-capitalization U.S. companies selected for attractive valuation, with up to 20% in foreign equities, seeking to outperform its benchmark through superior stock selection based on research into company prospects and relative value within sectors. The adviser may use futures contracts to gain equity exposure from cash positions. Because security selection drives returns, performance depends on the adviser's ability to identify attractively valued stocks and time their purchase and sale.
| Share class | Gross | Net |
|---|---|---|
| JUEAX | 0.96% | 0.94% |
| JUESX | 0.71% | 0.69% |
| JMUEX | 0.56% | — |
| JUECX | 1.46% | 1.44% |
| JUSRX | 0.56% | 0.54% |
| JUEZX | 1.21% | 1.19% |
| JUEMX | 0.46% | 0.44% |
| JUEPX | 0.96% | 0.94% |
| JUEQX | 0.71% | 0.69% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 39.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.76% |
| Cash & short-term | 0.69% |
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +25.51% | +68.25% | +69.15% | 15.30% | -10.45% | |
| +25.82% | +69.52% | +71.29% | 15.30% | -10.37% | |
| +25.99% | +70.24% | +72.50% | 15.31% | -10.30% | |
| +24.92% | +65.73% | +64.97% | 15.31% | -10.67% | |
| +26.01% | +70.24% | +72.59% | 15.32% | -10.33% | |
| +25.19% | +66.97% | +67.06% | 15.29% | -10.59% | |
| +26.15% | +70.78% | +73.40% | 15.35% | -10.29% | |
| +25.53% | +68.21% | +69.12% | 15.35% | -10.47% | |
| +25.78% | +69.46% | +71.24% | 15.30% | -10.35% |
These classes hold the same portfolio, so the 8.43pp spread over 5 years is the cost difference between them — roughly 1.69pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are 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
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA Corp.NVDA | 7.99% | $200.09 | $2.67B | 13.3M |
| GOOGL | Alphabet, Inc.GOOGL | 6.84% | $357.37 | $2.28B | 6.4M |
| AAPL | Apple, Inc.AAPL | 5.74% | $289.36 | $1.92B | 6.6M |
| AMZN | Amazon.com, Inc.AMZN | 4.60% | $238.34 | $1.54B | 6.4M |
| AVGO | Broadcom, Inc.AVGO | 4.00% | $377.75 | $1.33B | 3.5M |
| MSFT | Microsoft Corp.MSFT | 3.31% | $373.02 | $1.10B | 3.0M |
| MU | Micron Technology, Inc.MU | 3.24% | $1,154.29 | $1.08B | 938.1K |
| MA | Mastercard, Inc.MA | 2.90% | $513.60 | $967.44M | 1.9M |
| WFC | Wells Fargo & Co.WFC | 2.52% | $82.64 | $841.99M | 10.2M |
| AXP | American Express Co.AXP | 2.37% | $338.25 | $790.20M | 2.3M |
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.
Top 10 positions are 43.51% of net assets, top 25 69.71%, across 66 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.
Sign in free