EXCESS GROWTH OF $100,000 SINCE INCEPTION
Compared to benchmark and category average, in thousands (difference vs. benchmark)
- Invests in companies whose strong earnings growth potential may be underappreciated by the market.
- Freedom to benefit from the full opportunity set in international investing, regardless of benchmark guidelines.
- Experienced portfolio management team leverages insights from both regional teams and global sector specialists.
- Top-quartile performance for the 1-year period and top-quintile performance for the since inception period.1
1 Source: Morningstar as of 3/31/16. Select Shares. Ranked for the following time periods: 183/786 funds for the one-year, 194/712 for the three-year, five- and 10-year N/A. Past performance does not guarantee future results.
The Fund has considerable flexibility to pursue investment opportunities across styles, countries, industries and sectors. The portfolio management team’s competitive advantage lies within the ability to leverage:
- Regional Teams: Approximately 200 “feet on the ground” investors with deep local knowledge.
- Global Sector Specialists: Experienced global industry experts with high conviction stock ranking.
This collaboration culminates in a truly unconstrained, high-conviction portfolio focused on international stocks with the highest risk/reward potential.
REGIONAL BREAKDOWN VS. MSCI ACWI EX US
- Sales Charge / Dealer Concession Schedule
- Product Guide
- Sales Charge / Dealer Concession Schedule
- Quarterly Certified Holdings - JPMorgan International Unconstrained Equity Fund
- Uncertified Portfolio Holdings - International Unconstrained Equity Fund
- Summary Prospectus
- Supplemental Data Sheet - International Unconstrained Equity Fund
- Monthly Attribution: International Unconstrained Equity Fund
- Annual Report
- Semi Annual Report
- Statement of Additional Information
- Quarterly Certified Holdings
Total return assumes reinvestment of income.
The MSCI All Country World Index, ex-U.S. (net of foreign withholding taxes) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the United States. 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. Total return figures assume the reinvestment of dividends. An individual cannot invest directly in an index.
The performance of the Lipper International Large-Cap Growth 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.
Â©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.
The prices of equity securities are sensitive to a wide range of factors, from economic to company-specific news, and can fluctuate rapidly and unpredictably, causing an investment to decrease in value.
International investing has a greater degree of risk and increased volatility due to political and economic instability of some overseas markets. Changes in currency exchange rates and different accounting and taxation policies outside the U.S. can affect returns.
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.
Beta measures a fund's volatility in comparison to the market as a whole. A beta of 1.00 indicates a fund has been exactly as volatile as the market.
Sharpe ratio measures the fund's excess return compared to a risk-free investment. The higher the Sharpe ratio, the better the returns relative to the risk taken.
Tracking Error: The active risk of the portfolio, which determines the annualized standard deviation of the excess returns between the portfolio and the benchmark.
Alpha: The relationship between the performance of the Fund and its beta over a three-year period of time.
Standard deviation/Volatility: A statistical measure of the degree to which the Fund's returns have varied from its historical average. The higher the standard deviation, the wider the range of returns from its average and the greater the historical volatility. The standard deviation is calculated over a 36-month period based on Fund's monthly returns. The standard deviation shown is based on the Fund's Class A Shares or the oldest share class, where Class A Shares are not available.
R2: The percentage of a Fund's movements that result from movements in the index ranging from 0 to 100. A Fund with an R2 of 100 means that 100 percent of the Fund's movement can completely be explained by movements in the Fund's external index benchmark.
EPS: Total earnings divided by the number of shares outstanding.
Risk measures are calculated based upon the Funds' broad-based index as stated in the prospectus.