JPMORGAN EQUITY INCOME FUND
An income approach to equities pays dividends.
The Equity Income Fund focuses on high-quality companies with healthy and sustainable dividend yields, providing a conservative way to participate in U.S. equity markets.
- Invests in high-quality U.S. companies with attractive valuations and healthy dividends.
- A conservative approach that has delivered low volatility vs. peers and outperformed the index in down markets.
- Outperformed both the benchmark and its peers over the three-, five- and 10-year periods.1
1 Source: Morningstar, Large Value Category. Select Shares as of 12/31/15. Top-decile performance versus peers over the five-and 10 year periods. Ranked for the following time periods: one year (395/1378), three-years, (199/1190) five-years, (62/1042) and 10-years (23/754).
Seeking out the best dividend payers
Since 1926, dividends have made up 40% of equity total returns, making dividend-paying companies a relatively stable way of accessing the growth potential of the stock market.
The Fund’s portfolio managers target high-quality U.S. companies with attractive valuations and healthy dividends. One specific feature looked for is a higher dividend yield combined with a lower payout ratio. This combination suggests that a company will likely maintain the ability to pay compelling dividends, with the potential for future growth and appreciation.
Fees and Investment Minimums
Total return assumes reinvestment of income.
The Russell 1000 Value Index is an unmanaged index, which measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. Investors can not invest directly in an index.
The performance of the Lipper Equity Income Funds Index includes expenses associated with a mutual fund, such as investment management fees. These expenses are not identical to the expenses charged by the Fund.
Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees and/or reimbursement of certain expenses for certain periods since the inception date. If fees had not been waived and/or certain expenses were not reimbursed, performance would have been less favorable.
©2016, American Bankers Association, CUSIP Database provided by the Standard & Poor's CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. All rights reserved.
Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Users acknowledge that they have not relied upon any warranty, condition, guarantee, or representation made by Lipper. Any use of the data for analyzing, managing, or trading financial instruments is at the user's own risk. This is not an offer to buy or sell securities.
The price of equity securities may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund's portfolio or the securities market as a whole, such as changes in economic or political conditions. Equity securities are subject to "stock market risk," meaning that stock prices in general (or in particular, the prices of the types of securities in which a fund invests) may decline over short or extended periods of time. When the value of a Fund's securities goes down, an investment in a Fund decreases in value.
Investments in derivatives may be riskier than other types of investments. They may be more sensitive to changes in economic or market conditions than other types of investments. Many derivatives create leverage, which could lead to greater volatility and losses that significantly exceed the original investment.
There is no guarantee that companies that can issue dividends will declare, continue to pay or increase dividends.
The top 10 holdings listed reflect only the Fund's long-term investments. Short-term investments are excluded. 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.
P/E ratio: the number by which earnings per share is multiplied to estimate a stock's value.
P/B ratio: the relationship between a stock's price and the book value of that stock.
EPS: Total earnings divided by the number of shares outstanding.