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JPMorgan U.S. Applied Data Sci Val R6 JIVMX

Medalist Rating as of | See JPMorgan Investment Hub
  • NAV / 1-Day Return 30.24  /  +0.27 %
  • Total Assets 170.1 Mil
  • Adj. Expense Ratio
  • Expense Ratio 0.340%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Large
  • Category Large Value
  • Investment Style Large Value
  • Min. Initial Investment 15.0 Mil
  • Status Open
  • TTM Yield 1.80%
  • Turnover 17%

USD | NAV as of Jun 12, 2024 | 1-Day Return as of Jun 12, 2024, 11:32 PM GMT+0


Morningstar’s Analysis JIVMX

Medalist rating as of .

JPMorgan U.S. Applied Data Sci Val R6’s management team is rated Average, but a solid investment process still helps this strategy retain its Morningstar Medalist Rating of Bronze.

Our research team assigns Bronze ratings to strategies they’re confident will outperform a relevant index, or most peers, over a market cycle on a risk-adjusted basis.

JPMorgan U.S. Applied Data Sci Val R6’s management team is rated Average, but a solid investment process still helps this strategy retain its Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research


The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.

The strategy's sensible investment philosophy merits an Above Average Process Pillar rating. Independent of the rating, analysis of the strategy's portfolio shows it has maintained an overweight in volatility exposure and liquidity exposure compared with category peers. High volatility exposure is attributed to companies with a higher standard deviation of returns. And a high liquidity exposure is rooted in stocks with higher trading volumes, lending managers more flexibility. The strategy’s management team earns an Average People Pillar rating. The strategy's parent organization earns the firm an Above Average Parent Pillar rating. People Pillar and Parent Pillar ratings for this strategy are indirectly assigned by a Morningstar analyst rather than algorithmically derived. Please see the notes following each pillar section for more details. The details of assigning methods can be found in each pillar section.

Rated on Published on

Morningstar's style-agnostic investment process evaluation looks for strategies that should be able to outperform their Morningstar Category index on a risk-adjusted basis over time.

null Morningstar Manager Research

Morningstar Manager Research


Above Average

JPMorgan U.S. Applied Data Science Value earns an Above Average Process Pillar rating.

The predominant contributor to the rating is the fund's impressive long-term risk-adjusted performance. This can be seen in its five-year alpha calculated relative to the category index, which suggests that the managers have shown skill in their allocation of risk. The parent firm's superior risk-adjusted performance, as shown by its average 10-year Morningstar Rating of 3.3 stars, also bolsters the rating. Lastly, the process is limited by the number of months that the management team has been running this vehicle together.

This strategy tends to pick smaller market-cap companies compared with the average fund in its peer group, the Large Value Morningstar Category. But in terms of investment style, it is on par with peers. Examining additional factor exposure, this strategy has exhibited a tilt toward high-volatility stocks or the shares of companies with histories of the higher standard deviation of returns, compared with Morningstar Category peers in the last few years. This orientation tends to pay off most prominently when markets are hot. In recent months, the strategy was more exposed to the Volatility factor compared with its Morningstar Category peers as well. This strategy has also exhibited a tilt towards more high-liquid assets over peers in recent years, evidenced by consistently holding companies with relatively higher trading volumes. This gives the managers more flexibility during bear markets to sell without adversely affecting prices. Compared with category peers, the strategy also had more exposure to the Liquidity factor in the most recent month. Additionally, this strategy's portfolio has held more stocks with high dividend or buyback yields than peers over recent years. High-yield stocks tend to be associated with more mature, profitable businesses that can grow as well as provide a stream of income. Such stocks could suffer, however, if setbacks force them to cut their dividends. In recent months, however, the strategy had less Yield factor exposure over its peers. More information on a fund and its respective category's factor exposure can be found in the Factor Profile module within the Portfolio section.

The portfolio is overweight in industrials by 2.7 percentage points in terms of assets compared with the category average, and its real estate allocation is similar to the category. The sectors with low exposure compared to category peers are technology and consumer defensive, with technology underweighting the average portfolio by 2.9 percentage points of assets and consumer defensive similar to the average. The portfolio is positioned across 104 holdings and is less top-heavy than peers. Specifically, 21.6% of the portfolio's assets are concentrated within the top 10 fund holdings, as opposed to the typical peer's 28.0%. And in closing, in terms of portfolio turnover, this portfolio turns over its holdings less quickly than peers, potentially leading to lower costs for investors and eliminating a drag on performance.

Rated on Published on

JPMorgan U.S. Applied Data Science Value earns an Average People Pillar rating.

null Morningstar Manager Research

Morningstar Manager Research



Wonseok Choi, the longest-tenured manager on the strategy, provides strong guidance, bringing forward 18 years of listed portfolio management experience. Wonseok Choi draws on only two other listed supporting managers. Although, together they are adequately equipped, with nine years of average listed portfolio management experience. The highest personal investment in the fund by any of its managers is between$ 100,000 and$ 500,000. That's on the low side--it would need to be more than$ 1 million for us to see the investment as sufficient to promote the strong alignment of their interests with the strategy's investors.

Note: The People Pillar rating is indirectly assigned by an analyst. The longest-tenured manager of the fund also manages a different product rated by an analyst. Their analyst-assigned People Pillar rating is combined here with the People scores (algorithmic or analyst-assigned) for the fund’s other managers on a tenure-weighted basis.

Rated on Published on

A well-resourced, thoughtful, and disciplined steward of client assets, JPMorgan Asset Management maintains an Above Average Parent rating.

Associate Director Emory Zink

Emory Zink

Associate Director


Above Average

As of 2022, this investment stalwart manages more than USD 2.5 trillion in AUM. Composed of various global cohorts and diverse asset classes, the firm has more tightly integrated its capabilities in recent years, notably through the development of proprietary analytical and risk systems. Investment teams are robustly staffed and helmed by seasoned contributors. The firm’s strategies tend to produce reliable portfolios, and several flagship offerings are Morningstar Medalists. Manager incentives align with fundholders'; compensation reflects longer-term performance factors, and portfolio managers invest in the firm’s strategies as part of their compensation plans.

The firm’s funds tend to be well-priced, but they aren’t as competitive as many highly regarded peers of similar scale. Recent product launches include thematic and single-country strategies, both of which carry the potential for volatile performance and flows, along with misuse by investors. The firm remains intrepid when it comes to developing an environmental, social, and governance-focused framework and continues to move into other areas such as direct indexing through its 55iP acquisition and China through its joint venture, but these complicated initiatives take time to assess any real and lasting effect.

Rated on Published on

Outpacing both its peers and the category benchmark, this strategy’s Retirement share class, has had a noteworthy track record.

null Morningstar Manager Research

Morningstar Manager Research


This share class outpaced its average peer by 48 basis points annualized over a 10-year period. And it also beat the category index, the Russell 1000 Value Index, by an annualized 34 basis points over the same period.

The risk-adjusted performance only continues to make a case for this fund. The share class led the index with a higher Sharpe ratio, a measure of risk-adjusted return, over the trailing 10-year period. Often, higher returns are associated with more risk. However, this strategy stayed in line with the benchmark's standard deviation. However, the share class proved itself ineffective as it was unable to generate alpha, over the same 10-year period, against the category group index: a benchmark that encapsulates the performance of the broader asset class.

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Fees compound over time and diminish returns, making it critical for investors to minimize expenses.

null Morningstar Manager Research

Morningstar Manager Research


This share class is in the cheapest quintile of its Morningstar Category. Its attractive fee, taken together with the fund’s People, Process, and Parent Pillars, indicates that this share class has high potential to deliver positive alpha compared with its category benchmark, leading to its Morningstar Medalist Rating of Bronze.

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Portfolio Holdings JIVMX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 21.8
Top 10 Holdings
% Portfolio Weight
Market Value USD

Exxon Mobil Corp

2.69 4.5 Mil

Eaton Corp PLC

2.68 4.5 Mil

Wells Fargo & Co

2.61 4.4 Mil
Financial Services


2.52 4.3 Mil

Bank of America Corp

2.10 3.6 Mil
Financial Services

Berkshire Hathaway Inc Class B

2.09 3.5 Mil
Financial Services

BlackRock Inc

1.87 3.2 Mil
Financial Services

The Travelers Companies Inc

1.76 3.0 Mil
Financial Services

NextEra Energy Inc

1.76 3.0 Mil

Parker Hannifin Corp

1.73 2.9 Mil