JPMorgan U.S. Large Cap Core Plus Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, JPMorgan U.S. Large Cap Core Plus Fund held 268 positions with $3.70B in net assets. Its ten largest holdings made up 42.5% of the fund. The JLPSX share class costs 1.39% a year. Over the 12 months to May 2026, JLPSX returned 24.0%, with dividends reinvested. In 2026 Q2 it added 50 new positions and exited 44.
The Fund seeks to provide a high total return from a portfolio of selected equity securities.
The fund selects large-capitalization U.S. equities similar to those in the S&P 500 Index using a three-step process of research, valuation ranking, and stock selection, buying undervalued securities and shorting those it deems overvalued. The fund maintains approximately 100% net long exposure by holding long positions between 90% and 150% of net assets while keeping short positions between 0% and 50%, using equity swaps and short sales to establish short positions. Because the fund's long and short positions vary with market opportunities, its net market exposure may diverge from its target level. The fund may engage in active and frequent trading.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp. | 8.53% | $316.00M | 1.6M | $200.09 |
AAPLApple, Inc. | 5.45% | $201.94M | 697.9K | $289.36 |
AMZNAmazon.com, Inc. | 5.14% | $190.27M | 798.3K | $238.34 |
GOOGLAlphabet, Inc. | 4.82% | $178.45M | 499.3K | $357.37 |
MSFTMicrosoft Corp. | 4.79% | $177.24M | 475.2K | $373.02 |
AVGOBroadcom, Inc. | 3.35% | $123.92M | 328.1K | $377.75 |
2.86% | $105.92M | 244.4K | $433.33 | |
2.86% | $105.91M | 91.8K | $1,154.29 | |
2.39% | $88.56M | 157.2K | $563.29 | |
2.32% | $85.94M | 167.3K | $513.60 |
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.
The 200 largest of 268 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 | 98.77% |
| Cash & short-term | 1.25% |
By sector
- Information Technology
- 33.3%
- Financials
- 11.4%
- Consumer Discretionary
- 11.3%
- Health Care
- 9.1%
- 9 other sectors
- 34.9%
- Information Technology
- 33.3%
- Financials
- 11.4%
- Consumer Discretionary
- 11.3%
- Health Care
- 9.1%
- Industrials
- 8.8%
- Communication Services
- 8.5%
- Utilities
- 4.3%
- International
- 3.7%
- Energy
- 3.2%
- Consumer Staples
- 2.5%
- Real Estate
- 1.7%
- Materials
- 1.1%
- Cash
- 1.0%
How it has done
JLPSX share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.01%. 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 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.39% | +23.99% | +84.16% | +92.26% | -10.38% | |
| 1.64% | +23.70% | +82.74% | +89.90% | -10.48% | |
| 2.14% | +23.12% | +80.07% | +85.23% | -10.62% | |
| 1.44% | +23.94% | +83.91% | +92.06% | -10.38% | |
| 2.09% | +23.17% | +80.33% | +85.98% | -10.69% | |
| 1.34% | +24.06% | +84.41% | +93.02% | -10.38% |
These classes hold the same portfolio, so the 7.79pp spread over 5 years is the cost difference between them — roughly 1.56pp a year — not a difference in what they own.
Fees & fund details
JPMorgan U.S. Large Cap Core Plus Fund is an actively managed U.S. equity fund. 21% of JLPSX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 94% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 1.34% – 2.14%· JLPSX 1.39%
- Portfolio turnover
- 100.00% 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.
50 new· the largest 8
44 exited· the largest 8
Understand how this fund fits with the rest.
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