JPMorgan Research Market Neutral Fund Class A (JMNAX)

Fund Assets	367.94M
Expense Ratio	2.62%
Min. Investment	$1,000
Turnover	144.00%
Dividend (ttm)	0.41
Dividend Yield	2.90%
Dividend Growth	14.32%
Payout Frequency	n/a
Ex-Dividend Date	Dec 18, 2025

Previous Close	14.08
YTD Return	-3.30%
1-Year Return	-3.22%
5-Year Return	32.18%
52-Week Low	13.92
52-Week High	15.07
Beta (5Y)	0.06
Holdings	308
Inception Date	Feb 28, 2002

About JMNAX

JPMorgan Research Market Neutral Fund Class A is a mutual fund designed to deliver long-term capital appreciation through a market neutral investment approach. This fund seeks to minimize exposure to broad market risks by employing a strategy that pairs long positions in selected U.S. stocks with offsetting short positions of similar characteristics, such as sector, size, or style. Its primary aim is to capitalize on the relative performance of individual securities, rather than on the overall direction of the equity market. The fund holds a highly diversified portfolio, targeting mid- to large-capitalization stocks, and maintains a low beta, typically under 0.3, compared to standard equity benchmarks. The majority of assets are allocated to equities and equity-related instruments, with risk managed through systematic matching of positions to neutralize macroeconomic exposures. The fund attracts investors interested in equity market exposure with reduced correlation to market movements, and is most relevant for diversifying portfolios with hedged or low-volatility strategies. JPMorgan Research Market Neutral Fund Class A is managed by JPMorgan and features an average performance rating and below average risk rating, reflecting its emphasis on risk-adjusted returns.

• Fund Family: JPMorgan
• Category: Equity Market Neutral
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: JMNAX
• Share Class: Class A
• Index: ICE BofA US 3-Month T Bill TR IX

Performance

JMNAX had a total return of -3.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.36%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
JMNSX	Class I	2.33%
JMNCX	Class C	3.03%

Top 10 Holdings

108.54% of assets

Name	Symbol	Weight
Cash	n/a	77.35%
JPMorgan Prime Money Market IM	JIMXX	18.81%
Entergy Corporation	ETR	1.94%
Mastercard Incorporated	MA	1.71%
Corpay, Inc.	CPAY	1.69%
NextEra Energy, Inc.	NEE	1.56%
Lam Research Corporation	LRCX	1.50%
Lowe's Companies, Inc.	LOW	1.36%
Sempra	SRE	1.35%
Howmet Aerospace Inc.	HWM	1.26%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 18, 2025	$0.40802	Dec 19, 2025
Dec 19, 2024	$0.3569	Dec 20, 2024
Dec 12, 2024	$0.34369	Dec 13, 2024
Dec 20, 2023	$0.35553	Dec 21, 2023
Dec 11, 2020	$0.91475	Dec 14, 2020
Aug 27, 2020	$0.00215	Aug 28, 2020

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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