# Product Snapshot - JPMorgan Large Cap Growth Fund

> Audience: country=us, language=en, role=adv.
> Generated: 2026-10-20T01:14:19.001076515Z.

## Identity

- **Fund Name**: JPMorgan Large Cap Growth Fund
- **Share Class Name**: JPMorgan Large Cap Growth Fund-C
- **Product Page**: [Product Page](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-large-cap-growth-fund-c-4812c0522)
- **Ticker Symbol**: OLGCX
- **CUSIP**: 4812C0522
- **Fund Type**: MUTUAL FUND
- **Asset Class**: U.S. Equity

## Media

### Invest in America’s biggest and best.

Targeting companies with large markets, sustainable competitive advantages and strong price momentum, the Large Cap Growth Fund seeks to harness the return potential of America’s fastest-growing companies.


- Dedicated and experienced team of portfolio managers and research analysts headed by lead portfolio manager Giri Devulapally.
- Style-pure large cap growth strategy that uses a fundamental and adaptable approach to identify companies with underappreciated growth potential.
- Focuses on risk management, which is critical for capturing large outperforming stocks and mitigating the impact of large underperforming stocks.
- Top quartile returns and top decile risk-adjusted returns over the 10-year and since inception periods.1
- Differentiated return profile with top third up capture and down capture statistics since inception.2

- **Image**: [This chart shows how the Fund has outperformed its benchmark and its large cap growth peers over the latest 10-year period](https://cdn.jpmorganfunds.com/content/dam/jpm-am-aem/americas/us/en/images/npe-featured-images/sto-lcg-2q26.svg)

 [Disclosure 1]

## Fund Facts

- **Ticker**: OLGCX
- **CUSIP**: 4812C0522
- **Share Class Number**: 3575
- **Asset Class**: U.S. Equity
- **Fund Inception Date**: 02/28/1992
- **Share Class Inception Date**: 11/04/1997
- **ESG Approach**: Integrated [Disclosure 2]

## Fund Stats

- **NAV  As of 10/19/2026**: $49.17
- **NAV Change ($) As of 10/19/2026**: $0.34
- **NAV Change (%) As of 10/19/2026**: 0.70%
- **Fund Assets As of 10/19/2026**: $109.59bn
- **Number of Holdings As of 09/30/2026**: 87
- **YTD  As of 10/19/2026**: 2.50%
- **YTD (Total Return w/Load) As of 10/19/2026**: 1.50%

## Fees & Charges

### Fees

- **Gross Expenses**: 1.50%
- **Net Expenses**: 1.44%
 [Disclosure 3]

## Investment Terms

### Minimum Investments

#### IRA

- **Minimum Investment**: $1,000
- **Subsequent Investment**: $50

#### Regular

- **Minimum Investment**: $1,000
- **Subsequent Investment**: $50



## Portfolio Managers

### Giri Devulapally

- **Biography**: [Biography](https://am.jpmorgan.com/us/en/asset-management/adv/bios/giri-devulapally/)
- **In the industry**: 34 years
- **With J.P. Morgan**: 23 years
- **Managing this fund**: 22 years

### Holly Morris

- **Biography**: [Biography](https://am.jpmorgan.com/us/en/asset-management/adv/bios/holly-morris/)
- **In the industry**: 22 years
- **With J.P. Morgan**: 14 years
- **Managing this fund**: 5 years

### Larry Lee

- **Biography**: [Biography](https://am.jpmorgan.com/us/en/asset-management/adv/bios/larry-lee/)
- **In the industry**: 33 years
- **With J.P. Morgan**: 20 years
- **Managing this fund**: 5 years

### Joseph Wilson

- **Biography**: [Biography](https://am.jpmorgan.com/us/en/asset-management/adv/bios/joseph-wilson/)
- **In the industry**: 21 years
- **With J.P. Morgan**: 12 years
- **Managing this fund**: 5 years

### Robert Maloney

- **Biography**: [Biography](https://am.jpmorgan.com/us/en/asset-management/adv/bios/robert-maloney/)
- **In the industry**: 26 years
- **With J.P. Morgan**: 13 years
- **Managing this fund**: 3 years

## Ratings

### Morningstar Overview Ratings

- **Category: **: Large Growth
- **As of **: 09/30/2026
- **Overall**: 3 of 5 stars
- **Funds in Category**: 965 Funds in Category
- **3 Year**: 2 of 5 stars
- **Funds in Category**: 965 Funds in Category
- **5 Year**: 3 of 5 stars
- **Funds in Category**: 914 Funds in Category
- **10 Year**: 4 of 5 stars
- **Funds in Category**: 744 Funds in Category
 [Disclosure 4]

### Morningstar Overview Ranking

- **Category: **: Large Growth
- **As of **: 09/30/2026
- **1 Year**: Rank 895
- **Funds in Category**: 1049 Funds in Category
- **Group Percentile**: 88%
- **3 Year**: Rank 645
- **Funds in Category**: 965 Funds in Category
- **Group Percentile**: 71%
- **5 Year**: Rank 374
- **Funds in Category**: 914 Funds in Category
- **Group Percentile**: 49%
- **10 Year**: Rank 77
- **Funds in Category**: 744 Funds in Category
- **Group Percentile**: 14%
 [Disclosure 5]

### Lipper Rankings: Large-Cap Growth Funds

- **As of**: 09/30/2026
- **1 Year**: Rank 629
- **Funds in Category**: 703 Funds in Category
- **Group Percentile**: 90%
- **3 Year**: Rank 455
- **Funds in Category**: 635 Funds in Category
- **Group Percentile**: 72%
- **5 Year**: Rank 290
- **Funds in Category**: 605 Funds in Category
- **Group Percentile**: 48%
- **10 Year**: Rank 46
- **Funds in Category**: 501 Funds in Category
- **Group Percentile**: 10%
 [Disclosure 6]

## Portfolio

### Portfolio Stats

- **Number of Holdings** (As of 09/30/2026): 87
- **Fund Assets** (As of 09/30/2026): $112.65bn
- **Turnover Ratio (Trailing 12 month) (6/30/2025)**: 52.33%
- **Wtd. Avg. Market Cap**: $1.83tn
- **Median Market Cap**: $188.52bn
- **P/B Ratio**: 9.67 [Disclosure 7]
- **P/E Ratio (1 yr. forecast)**: 23.09 [Disclosure 8]
- **P/E Ratio (1 yr. trailing)**: 27.19 [Disclosure 9]


### Top 10 Holdings

_As of 09/30/2026_

| Holding | Weight |
| --- | ---: |
| NVIDIA Corp. | 12.9% |
| Alphabet, Inc., Class C | 10.4% |
| Apple, Inc. | 6.7% |
| Microsoft Corp. | 4.9% |
| Advanced Micro Devices, Inc. | 3.9% |
| Broadcom, Inc. | 3.5% |
| Eli Lilly & Co. | 2.7% |
| Meta Platforms, Inc., Class A | 2.7% |
| Micron Technology, Inc. | 2.4% |
| Natera, Inc. | 2.2% |
| Total of top 10 | 52.3% |
 [Disclosure 10]

### Sector Breakdown

_As of 09/30/2026_

| Sector | Fund | Index |
| --- | ---: | ---: |
| Communication Services | 13.4% | 16.5% |
| Consumer Discretionary | 3.1% | 7.2% |
| Consumer Staples | 4.4% | 1.2% |
| Energy | 1.3% | 0.5% |
| Financials | 6.0% | 4.5% |
| Health Care | 10.9% | 5.4% |
| Industrials | 7.6% | 7.4% |
| Information Technology | 51.1% | 56.4% |
| Materials | 0.3% | 0.2% |
| Real Estate | 0.0% | 0.4% |
| Short-Term Investments | 1.9% | 0.0% |
| Utilities | 0.0% | 0.2% |
 [Disclosure 11]

### Risk Measures

_As of 09/30/2026_

| Risk Measures | Risk Measures |
| --- | ---: |
| Alpha | -0.04 |
| Beta | 0.98 |
| Sharpe Ratio | 1.07 |
| Standard Deviation | 16.52 |
| Tracking Error | 4.30 |
| R-squared | 93.00 |
 [Disclosure 12]

### Top 5 Quarterly Contributors

_As of 08/31/2026_

| Holding | Top 5 Quarterly Contributors |
| --- | ---: |
| NVIDIA Corp. | 0.56% |
| Natera, Inc. | 0.47% |
| Palo Alto Networks, Inc. | 0.34% |
| Crowdstrike Holdings, Inc., Class A | 0.29% |
| Johnson & Johnson | 0.26% |


### Top 5 Quarterly Detractors

_As of 08/31/2026_

| Holding | Top 5 Quarterly Detractors |
| --- | ---: |
| Alphabet, Inc., Class C | -1.11% |
| Broadcom, Inc. | -0.79% |
| Tesla, Inc. | -0.64% |
| Ciena Corp. | -0.53% |
| Sandisk Corp. | -0.48% |


## Commentary

**As of **: 06/30/2026

### Topline

Benchmark Russell 1000 Growth Index

Markets The S&P 500 Index® gained 15.20% in the second quarter as sentiment improved on easing Middle East tensions and renewed confidence in the AI investment cycle. Strong earnings and constructive guidance supported markets, while higher capital expenditure ("capex") plans from major technology companies reinforced expectations for durable AI-driven growth. Semiconductors and AI infrastructure tied to data center expansion efforts led markets. Growth outperformed value; the Russell 1000 Growth Index returned 16.74% versus 13.87% for the Russell 1000 Value Index.

Helped Stock selection in information technology, specifically positioning within the AI value chain. Communication services also contributed.

Hurt Health care was the largest negative offset, followed by energy.

Outlook The strategy has been leaning back into technology, notably AI-related bottlenecks such as networking/connectivity, compute/semiconductors, memory and power/electrification, while remaining underweight AI capex spenders. Health care was also reduced but remains a modest overweight.

### Quarter in Review

The JPMorgan Large Cap Growth Fund (I Class Shares) outperformed the benchmark, the Russell 1000 Growth Index, for the quarter ended June 30, 2026.

An overweight position in Western Digital was a top contributor. The company reported strong results, supported by healthy demand from hyperscale customers, better pricing, and higher revenue per exabyte. Long-term customer agreements also improved demand visibility.

An overweight position in Advanced Micro Devices also contributed. AMD reported strong results, driven by AI-related demand across server CPUs and data center GPUs. New customer wins, share gains in server CPUs, and China export approval added upside. We added to our position during the quarter.

An overweight position in Insmed was the top detractor. Shares fell sharply after unclear management commentary overshadowed the strong growth of Brinsupri. Clinical setbacks and launch delays added pressure, though its core products can still drive fundamental upside. Given these dynamics, we trimmed our position during the quarter.

An overweight position in Exxon Mobil also detracted. Shares underperformed as oil prices deflated from their late-first-quarter peak. Both Exxon Mobil and Brent crude oil peaked near quarter-end on a U.S.-Iran risk premium, then fell as markets anticipated a resolution and normalizing supply. Our thesis on Exxon Mobil's growth and margin expansion remains intact.

### Looking Ahead

The strategy has been leaning back into information technology, notably AI-related bottlenecks such as networking/connectivity, compute/semiconductors, memory and power/electrification, while remaining underweight AI capex spenders.

While maintaining conviction in select non-technology stocks, we reduced exposure in certain areas to add back to technology for fundamental reasons and to the sector’s increased benchmark weight following the Russell rebalance.

Health care was also reduced but remains a modest overweight.

## Documents

- [Factsheet: JPMorgan Large Cap Growth Fund (C)](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/us-equity/FS-LCG-C.PDF)
- [Fund Story: Large Cap Growth Fund](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fund-story/STO-LCG.pdf)
- [Commentary: Large Cap Growth Fund](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/commentary/FC-LCG.PDF)
- [Brochure: Diversify your U.S. equity strategy](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/brochure/PI-EQUITY-BLEND.pdf)
- [Section 19a Notice - December 2025](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/section-19-notices/section-19a-notice-aa-funds-12-2025.pdf)
- [Supplemental Data Sheet - Large Cap Growth Fund (Quarterly)](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/mfdp/MFDP-LCG-1.pdf)
- [Supplemental Data Sheet - Large Cap Growth Fund (Monthly)](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/mfdp/MFDP-LCG-2.PDF)
- [Summary Prospectus](https://am.jpmorgan.com/JPMorgan/TVT/4812C0522/SP?site=JPMorganv3)
- [Prospectus](https://am.jpmorgan.com/JPMorgan/TVT/4812C0522/P?site=JPMorganv3)
- [Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/4812C0522/AR?site=JPMorganv3)
- [Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/4812C0522/NCSR?site=JPMorganv3)
- [Semi-Annual Report to Shareholders](https://am.jpmorgan.com/JPMorgan/TVT/4812C0522/SAR?site=JPMorganv3)
- [Semi-Annual Financial Statements and Other Information](https://am.jpmorgan.com/JPMorgan/TVT/4812C0522/NCSRS?site=JPMorganv3)
- [First Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/4812C0522/QH1?site=JPMorganv3)
- [Third Quarter Holding](https://am.jpmorgan.com/JPMorgan/TVT/4812C0522/QH3?site=JPMorganv3)
- [Statement of Additional Information](https://am.jpmorgan.com/JPMorgan/TVT/4812C0522/S?site=JPMorganv3)
- [Annual Report Of Proxy Voting](https://am.jpmorgan.com/JPMorgan/TVT/4812C0522/NPX?site=JPMorganv3)

## Disclosures

1. Source: Morningstar, I Shares as of 6/30/26. Minimum eligibility requirements for the I share class apply; please see prospectus for further details. Large Growth Category. Chart source: Morningstar, J.P. Morgan Asset Management; data as of 6/30/26. Large Growth Category. I Shares. Other share classes may have higher expenses, resulting in lower returns. 10-year growth with dividends and capital gains reinvested. There is no direct correlation between a hypothetical investment and the anticipated performance of the Fund. The $0 value for benchmark growth is the baseline for the over and under comparison. Past performance does not guarantee future results. 1 Return rankings: 1-yr. (570/1065), 3-yrs. (454/1014), 5-yrs. (257/972), 10-yrs. (61/885) and since inception (72/711). Risk-adjusted return rankings: 1-yr. (482/1065), 3-yrs. (323/1014), 5-yrs. (206/972), 10-yrs. (42/885) and since inception (44/711). Risk-adjusted returns are measured by Sharpe ratio, the excess portfolio return over the risk-free rate relative to its standard deviation. 2 See chart disclosure below.

2. This Fund considers financially material environmental, social and governance ("ESG") factors as part of the Fund's investment process. In actively managed assets deemed by J.P. Morgan Asset Management to be ESG integrated under our governance process, we systematically assess financially material ESG factors amongst other factors in our investment decisions with the goals of managing risk and improving long-term returns. ESG integration does not change a strategy's investment objective, exclude specific types of companies or constrain a strategy's investable universe.

3. The Fund's adviser and/or its affiliates have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, dividend and interest expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation and extraordinary expenses) exceed 1.440% of the average daily net assets. The Fund may invest in one or more money market funds advised by the adviser or its affiliates (affiliated money market funds). The Fund's adviser has contractually agreed to waive fees and/or reimburse expenses in an amount sufficient to offset the fees and expenses of the affiliated money market funds incurred by the Fund because of the Fund's investment in such money market funds. These waivers are in effect through 10/31/2026, at which time the adviser will determine whether to renew or revise it. The difference between net and gross fees includes all applicable fee waivers and expense reimbursements.

4. Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.

5. The ranking information is provided by Morningstar. Past performance is no guarantee of future results. Rankings are calculated based upon the total returns of multiple share classes within their respective Morningstar category. Different share classes may have different rankings.

6. The ranking information is provided by Lipper Analytical Services. Past performance is no guarantee of future results. Rankings are calculated based upon the total returns of multiple share classes within their respective Lipper category. Different share classes may have different rankings.

7. P/B ratio is the relationship between a stock's price and the book value of that stock.

8. The number by which earnings per share is multiplied to estimate a stock's value based on the forecasted earnings for the next 12 months.

9. The number by which earnings per share is multiplied to estimate a stock's value based on the actual earnings over the last 12 months.

10. The top 10 holdings listed exclude cash and money markets. Holdings are subject to change. The holdings listed should not be considered recommendations to purchase or sell a particular security. Each individual security is calculated as a percentage of the aggregate market value of the securities held in the Fund and does not include the use of derivative positions, where applicable.

11. Due to rounding, values may not total 100%.

12. All risk measures are based on a 3 year time period. Risk measures are calculated based upon the broad-based index as stated in the prospectus.