JPMorgan Value Advantage Fund

JPMorgan Trust I · 9 share classes

Actively managed U.S. equity fund
One fund, 9 share classes:JVASXJVAIXJVAAXJVACXJVAPXJVAQXJVARXJVAYXJGAQX
$8.61B NAV
120 positions · as of 2026-06-30 · filed 2026-08-28

Fund classification

Classified from what the fund holds · as of 2026 Q2

JPMorgan Value Advantage Fund is an actively managed U.S. equity fund. 4% of JVASX’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

Fund profile

As filed in the prospectus · 2025 Q4

The Fund seeks to provide long-term total return from a combination of income and capital gains.

Strategy · summarised

The fund employs a bottom-up fundamental analysis to identify undervalued companies with potential to grow intrinsic value per share across all market capitalizations, and may use futures contracts to gain equity exposure from cash positions. The adviser assesses environmental, social and governance factors as part of its analysis of financially material risks and opportunities, though this assessment may not be conclusive and does not preclude investment in or divestment from issuers based on ESG considerations alone. Securities are sold when fundamentals change, valuation becomes unattractive, or better opportunities are identified.

Expenses
0.50% 1.49%across 9 share classes
Share classGrossNet
JVASX0.86%0.74%
JVAIX0.70%
JVAAX1.11%0.99%
JVACX1.62%1.49%
JVAPX1.16%1.00%
JVAQX0.86%0.75%
JVARX0.70%0.60%
JVAYX0.60%0.50%
JGAQX1.42%1.25%

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

100.02%
of net assets
Stocks98.70%
Cash & short-term1.32%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Financials21.0%
Health Care12.6%
Industrials12.3%
Information Technology12.0%
9 smaller42.1%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
4%of stock holdings in top-quartile growers
covering 94% of the fund’s equity
Earnings growth
16%of stock holdings in top-quartile growers
covering 88% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 12 new8 exited

Largest new: AAPL, IBM, MSFT, QCOM, Aon plc, TSCO, Gates Industrial Corp. plc, OLED

Exited: GOOG, MUSA, CSCO, HUM, GDDY, EGP, KDP, NKE

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+18.58%+48.87%+52.48%10.83%-9.26%
+18.73%+49.47%+53.54%10.81%-9.20%
+18.23%+47.74%+50.57%10.82%-9.32%
+17.66%+45.57%+46.87%10.82%-9.53%
+18.25%+47.71%+50.53%10.83%-9.35%
+18.53%+48.80%+52.37%10.83%-9.27%
+18.73%+49.51%+53.56%10.83%-9.20%
+18.83%+49.93%+54.30%10.82%-9.14%
+17.94%+46.58%+48.63%10.81%-9.43%

These classes hold the same portfolio, so the 7.44pp spread over 5 years is the cost difference between them — roughly 1.49pp a year — not a difference in what they own.

Cumulative return· Jul 2023 – Apr 2026

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

Issuer%NAVValue
Amazon.com, Inc.AMZN5.14%$442.53M
Apple, Inc.AAPL2.79%$240.69M
Berkshire Hathaway, Inc.BRK/B2.51%$216.47M
Wells Fargo & Co.WFC2.38%$204.98M
AbbVie, Inc.ABBV2.11%$181.83M
Capital One Financial Corp.COF1.87%$161.35M
Texas Instruments, Inc.TXN1.80%$155.47M
State Street Corp.STT1.75%$150.45M
Johnson & JohnsonJNJ1.52%$130.84M
Hewlett Packard Enterprise Co.HPE1.46%$125.49M
Showing 10 of 120Sign in to see more

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 23.34% of net assets, top 25 41.74%, across 120 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.

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