This Recent Upgrade Gets a Lot of Little Things Right
Silver-rated JPMorgan US Equity is a fine core holding for the domestic-equity portion of a portfolio.
Laura Lallos: We recently upgraded JPMorgan US Equity (JUESX) from Bronze to Silver. This fund is a great example of getting a lot of little things right, adding up to strong long-term performance. It's not a fund that deviates much from its benchmark--the S&P 500--in terms of sector exposure. What it does well is stock-picking across the board without making any individual big bets.
The heart of this strategy is J.P. Morgan's dividend-discount model that's used by their large core analyst team to rank stocks within sectors and identify the best prospects for long-term investing. In fact, the analysts themselves pick stocks for 40% of the portfolio. They are directly in charge of the picks for their sectors. The additional 60% is run by long-tenured managers Susan Bao and Tom Luddy, using the same research for their picks. And while Tom Luddy isn't planning to retire yet, a third comanager joined last year--Scott Davis. We like to see that kind of long-term advanced planning. Scott was on the portfolio for a long time as an analyst before becoming a [portfolio manager].
Laura Lallos does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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