JPMorgan Value Advantage Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, JPMorgan Value Advantage Fund held 120 positions with $8.61B in net assets. Its ten largest holdings made up 23.3% of the fund. The JVASX share class costs 0.74% a year. Over the 12 months to May 2026, JVASX returned 16.8%, with dividends reinvested. In 2026 Q2 it added 12 new positions and exited 8.
The Fund seeks to provide long-term total return from a combination of income and capital gains.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
AMZNAmazon.com, Inc. | 5.14% | $442.53M | 1.9M | $238.34 |
AAPLApple, Inc. | 2.79% | $240.69M | 831.8K | $289.36 |
2.51% | $216.47M | 432.6K | $500.39 | |
2.38% | $204.98M | 2.5M | $82.64 | |
ABBVAbbVie, Inc. | 2.11% | $181.83M | 722.6K | $251.64 |
1.87% | $161.35M | 804.3K | $200.62 | |
1.80% | $155.47M | 521.6K | $298.07 | |
1.75% | $150.45M | 887.1K | $169.60 | |
1.52% | $130.84M | 515.2K | $253.97 | |
1.46% | $125.49M | 2.8M | $45.11 |
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 | 98.70% |
| Cash & short-term | 1.32% |
By sector
- Financials
- 21.0%
- Health Care
- 12.6%
- Industrials
- 12.3%
- Information Technology
- 12.0%
- 9 other sectors
- 42.1%
- Financials
- 21.0%
- Health Care
- 12.6%
- Industrials
- 12.3%
- Information Technology
- 12.0%
- Consumer Discretionary
- 11.9%
- Real Estate
- 5.4%
- Consumer Staples
- 5.2%
- Communication Services
- 4.9%
- International
- 4.0%
- Energy
- 3.8%
- Utilities
- 3.1%
- Materials
- 2.5%
- Cash
- 1.3%
How it has done
JVASX share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.79%. 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 9 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.74% | +16.79% | +56.75% | +49.93% | -9.26% | |
| 0.70% | +16.93% | +57.41% | +50.98% | -9.20% | |
| 0.99% | +16.46% | +55.54% | +48.05% | -9.32% | |
| 1.49% | +15.91% | +53.23% | +44.38% | -9.53% | |
| 1.00% | +16.48% | +55.51% | +47.98% | -9.35% | |
| 0.75% | +16.76% | +56.68% | +49.83% | -9.27% | |
| 0.60% | +16.93% | +57.38% | +50.95% | -9.20% | |
| 0.50% | +17.07% | +57.86% | +51.73% | -9.14% | |
| 1.25% | +16.17% | +54.33% | +46.12% | -9.43% |
These classes hold the same portfolio, so the 7.35pp spread over 5 years is the cost difference between them — roughly 1.47pp a year — not a difference in what they own.
Fees & fund details
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
- Expense ratio, by class
- 0.50% – 1.49%· JVASX 0.74%
- Portfolio turnover
- 39.00% 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.
12 new· the largest 8
8 exited
Understand how this fund fits with the rest.
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