JPM US Equity Income Fund C - Net Accumulation
Rated Fund 2013-15, 2020. A conservative approach to US equity dampens volatility
A proven, quality-oriented approach to US equity investing earns JPM US Equity Income a return to our Rated Funds for 2020. Clare Hart, who has been at the helm of this fund since its launch in 2008, has amassed a loyal following - the fund is £3.8 billion in size.
Hart focuses on high-quality US companies with healthy and sustainable dividends in order to get lower-volatility access to US stockmarket growth. She likes firms with durable franchises, consistent earnings streams to support the payout, high returns on invested capital, conservative financials and strong management. The long-tenured manager and sensible process make the fund one of the best of its kind. Morningstar raised its analyst rating to gold from silver in 2019.
Valuation is critical to Hart's buy and sell decisions. Metrics such as free cash flow yields and price/earnings ratios are also considered. She buys companies with attractive dividend yields of at least 2% at purchase. The resulting portfolio is diversified across 80-110 holdings, primarily large companies. The fund's yield is a relatively modest 2.2%, but what it lacks in yield it makes up for in risk/reward profile, as outperformance in down markets is accompanied by relatively low volatility.
Narrative and ratings content all as of January 2020.See all Money Observer rated funds
|Bank of America Corp||3.25 %|
|Chevron Corp||2.78 %|
|CME Group Inc Class A||2.58 %|
|BlackRock Inc||2.37 %|
|PNC Financial Services Group Inc||2.32 %|
|Bristol-Myers Squibb Company||2.32 %|
|Microsoft Corp||2.28 %|
|Johnson & Johnson||2.23 %|
|Comcast Corp Class A||1.86 %|
|United States||99.16 %|
|Financial Services||27.59 %|
|Consumer Defensive||8.83 %|
|Consumer Cyclical||6.76 %|
An employee ofJ.P. Morgan Investment Management Inc. since 2000, Mr. Brandon has been an investment analyst in the since 2004 and a portfolio manager since 2018. He is a CFA charterholder.
Dave Silberman, managing director, is a portfolio manager on the JPMorgan Equity Income and the JPMorgan Growth & Income Funds within the U.S. Equity Group. An employee since 1989, David assumed his current role in 2019. Prior to his current role, David was the Head of the Equity Investment Director and Corporate Governance teams globally and the lead U.S. Equity Investment Director since 2008. Previously, he was a portfolio manager in the U.S. Equity Group where he managed equity portfolios for private clients, endowments and foundations. He has also worked in the Emerging Markets Derivatives Group and attended the J.P. Morgan training program. David holds a B.A. in economics and political science from the State University of New York at Binghamton and an M.B.A. from the Stern School of Business at New York University.
Clare Hart, managing director, is a portfolio manager in the U.S. Equity Group. An employee since 1999, Clare is the lead portfolio manager of the JPMorgan Equity Income Strategy and the JPMorgan Growth & Income Strategy Prior to joining the team, Clare was with Salomon Smith Barney’s equity research division as a research associate covering Real Estate Investment Trusts. She began her career at Arthur Andersen, working as a public accountant while earning both an M.S.A. from DePaul University and a C.P.A. granted by the State of Illinois. Clare also holds a B.A. in political science from the University of Chicago.
Data provided by Morningstar.
The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.
This information is sourced from our partner Morningstar. We believe the data to be correct however you should take care in using any information.
You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.