JPMorgan Opportunistic Equity Long/Short Fund (JOEQX)
Under normal circumstances, the fund will invest at least 80% of its assets in long and short positions in equity securities, selecting from a universe of equity securities with market capitalizations similar to those included in the Russell 1000 and/or S&P 500 Index, at the time of purchase. "Assets" means net assets plus the amount of borrowings for investment purposes. In implementing its strategy, it primarily will buy or sell short common stocks, including real estate investment trusts (REITs) and depositary receipts. The fund's gross equity market exposure is limited to 200%. It is non-diversified.
Fund Info
| ISIN | US46641U8045 |
|---|---|
| CUSIP | 46641U804 |
| Issuer | JPMorgan Chase |
| Inception Date | Aug 28, 2014 |
| Category | Long-Short |
| Min. Investment | $1,000,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
JOEQX has a high expense ratio of 1.53%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in JPMorgan Opportunistic Equity Long/Short Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 9.49% |
| 1 month | N/A | 1.20% |
| 6 months | N/A | 18.29% |
| 1 year | N/A | 26.44% |
| 5 years (annualized) | N/A | 12.64% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns
The table below presents the monthly returns of JOEQX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -2.66% | -3.70% | 2.24% | -1.91% | 2.88% | 2.06% | 1.51% | -1.44% | -0.39% | ||||
| 2022 | -9.59% | -3.31% | 0.15% | -3.01% | -2.05% | 1.23% | -2.49% | -1.09% | -1.76% | -0.67% | -0.28% | 1.98% | -19.40% |
| 2021 | -1.77% | 3.14% | -2.19% | 5.90% | -0.43% | 1.08% | 0.04% | -2.14% | -2.02% | 7.69% | 1.74% | 1.21% | 12.36% |
| 2020 | 1.55% | -2.67% | 2.69% | 1.09% | 0.97% | -0.59% | 5.75% | 9.81% | -0.65% | -2.94% | 6.67% | 3.37% | 27.18% |
| 2019 | 0.90% | -0.73% | 0.45% | 1.18% | -1.50% | 0.11% | 0.96% | 0.11% | -2.22% | -0.00% | 3.01% | -0.14% | 2.06% |
| 2018 | 4.84% | -2.88% | -0.38% | -1.57% | 2.04% | -1.89% | -0.17% | 2.59% | 0.27% | -1.34% | 2.06% | -4.05% | -0.83% |
| 2017 | 3.28% | 1.42% | -1.01% | 3.51% | 3.00% | 0.42% | 0.26% | -0.21% | -0.06% | 3.51% | 0.11% | 0.62% | 15.76% |
| 2016 | -4.90% | -1.41% | 3.67% | -0.24% | 1.20% | -1.84% | 6.96% | -0.11% | 0.68% | -3.15% | -0.35% | -0.53% | -0.53% |
| 2015 | -1.49% | 3.52% | 0.55% | -1.03% | 0.73% | 0.24% | 3.45% | -0.88% | -0.41% | 3.08% | -1.09% | -0.46% | 6.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for JPMorgan Opportunistic Equity Long/Short Fund (JOEQX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
JPMorgan Opportunistic Equity Long/Short Fund granted a 99.99% dividend yield in the last twelve months. The annual payout for that period amounted to $18.00 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $18.00 | $0.00 | $2.32 | $0.89 | $0.03 | $0.33 | $1.49 | $0.00 | $0.00 |
Dividend yield | 99.99% | 0.00% | 10.34% | 4.01% | 0.14% | 1.84% | 8.21% | 0.00% | 0.00% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Opportunistic Equity Long/Short Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $18.00 | $18.00 | |||
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.32 | $2.32 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $0.89 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.26 | $0.00 | $0.00 | $0.00 | $0.23 | $1.49 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the JPMorgan Opportunistic Equity Long/Short Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the JPMorgan Opportunistic Equity Long/Short Fund was 26.62%, occurring on Mar 13, 2023. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.62% | Nov 19, 2021 | 328 | Mar 13, 2023 | — | — | — |
| -12.55% | Feb 20, 2020 | 23 | Mar 23, 2020 | 52 | Jun 5, 2020 | 75 |
| -9.73% | Oct 29, 2015 | 69 | Feb 8, 2016 | 119 | Jul 28, 2016 | 188 |
| -8.47% | Sep 3, 2020 | 3 | Sep 8, 2020 | 23 | Oct 9, 2020 | 26 |
| -8.32% | Jan 29, 2018 | 229 | Dec 24, 2018 | 270 | Jan 22, 2020 | 499 |
Volatility
Volatility Chart
The current JPMorgan Opportunistic Equity Long/Short Fund volatility is 1.45%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.