JPMorgan US Value Equity Off-shore Fund - JP Morgan Asset ...

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Portfolio at a glanceAs at 31 May 2013Top 5 overweights 1Fund Weight % DifferenceWells Fargo 4.1 1.8AutoZone 1.6 1.6Kohl's 1.7 1.5Capital One Financial 1.9 1.5Loews 1.6 1.4Top 5 underweights 1FundWeight% DifferenceGeneral Electric* 0.0 -2.9JPMorgan Chase2 0.0 -2.4Berkshire Hathaway 0.9 -1.5Goldman Sachs* 0.0 -0.9Occidental Petroleum* 0.0 -0.9Top 10 Holdings %Exxon Mobil 4.1Wells Fargo 4.1Chevron 2.8AT&T 2.4Bank of America 2.4Pfizer 2.3Johnson & Johnson 2.0Capital One Financial 1.9Procter & Gamble 1.9Merck 1.9Source: Wilshire, J.P. Morgan Asset Management. 1 Relative to the Russell 1000 Value Index.*Indicates stock not held in the Fund as of 31 May 2013.The above portfolio characteristics are shown for illustrative purposes only and are subject to change without notice. 2 Due to regulatory reasons, the portfolio is unable to hold JPMorgan Chase.The stocks mentioned above are meant for illustration purposes only and should not be construed as stock recommendation. They may or may not necessarily form part of the portfolios of any fundsof JPMorgan Mutual Fund. Also, the same should not be construed as an investment advice.25
Portfolio characteristics and style analysisAs at 31 May 2013Portfolio Index*Wgtd Avg Market Cap USD93.8b USD98.3bPrice / Earnings, 12-mth fwd 1 13.1x 13.3xEPS growth, 12-mth fwd 10.0% 8.3%Return on Equity, trailing 12-mth 14.5% 12.3%Dividend Yield 2.3% 2.4%Number of holdings 96 697Turnover, 12-mth trailing 19.2%Beta, trailing 3 year 2 0.87Tracking Error, trailing 3 year 2 2.50Market capitalisationManager StyleMarch 2010 – March 2013 (Single Computation)Large210-1-2Russell 1000ValueRussell 2000ValueRussell 1000GrowthRussell 2000GrowthLargeValue -2 -1 0 1 2 GrowthUS Value Russell 1000 Value Net Russell Generic CornersSource: Zephyr.Source: Factset, J.P. Morgan Asset Management. *Russell 1000 Value Index. 1 Including negatives. 2 Fund risk data is based on the Performance NAV gross of fee returns and are not based onofficial NAV. The above portfolio characteristics are shown for illustrative purposes only and are subject to change without notice.26
Page 1 and 2: JPMorgan US Value Equity Off-shore
Page 3 and 4: Bonds seem to be the favored asset
Page 5 and 6: The stock market shouldn’t be hur
Page 7 and 8: New technology is dramatically incr
Page 9 and 10: Stabilization of the housing market
Page 11 and 12: Despite headwinds: US equity market
Page 13 and 14: We see increasing signs of recovery
Page 15 and 16: US equities look attractive versus
Page 17 and 18: Quality never goes out of style!Qua
Page 19 and 20: Investing with J.P. Morgan’s Equi
Page 21 and 22: Overview of the JPMorgan Funds - US
Page 23 and 24: Quality and value drive our investm
Page 25: What do we find interesting in the
Page 29 and 30: Underlying Fund Performance (JPMorg
Page 31: DisclaimersThis is a promotional do

JPMorgan US Value Equity Off-shore Fund - JP Morgan Asset ...

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