JMGPX
JPMorgan Mid Cap Growth Fund
JPMorgan Trust II
Expense ratio1
1.15%
Net assets2
$11.41B
Holdings2
112
Category
US Equity
2025 return3
8.23%

Investment objective & strategy

As of Oct. 22, 2025 · prospectus

Objective. The Fund seeks growth of capital.

Strategy. Under normal circumstances, at least 80% of the Funds Assets will be invested in equity securities of mid cap companies, including common stocks and debt securities and preferred securities that are convertible to common stocks. Assets means net assets, plus the amount of borrowings for investment purposes. In implementing its main strategies, the Fund invests primarily in common stocks of mid cap companies which the Funds adviser believes are capable of achieving sustained growth. Mid cap companies are companies with market capitalizations similar to those within the universe of the Russell Midcap Growth Index at the time of purchase. As of the reconstitution of the Russell Midcap Growth Index on September 30, 2025, the market capitalizations of the companies in … Under normal circumstances, at least 80% of the Funds Assets will be invested in equity securities of mid cap companies, including common stocks and debt securities and preferred securities that are convertible to common stocks. Assets means net assets, plus the amount of borrowings for investment purposes. In implementing its main strategies, the Fund invests primarily in common stocks of mid cap companies which the Funds adviser believes are capable of achieving sustained growth. Mid cap companies are companies with market capitalizations similar to those within the universe of the Russell Midcap Growth Index at the time of purchase. As of the reconstitution of the Russell Midcap Growth Index on September 30, 2025, the market capitalizations of the companies in the index ranged from $26.21 million to $84.46 billion. Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. Investment Process: In managing the Fund, the adviser employs a process that combines research, valuation and stock selection to identify companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. Growth companies purchased for the Fund include those with leading competitive positions that can achieve sustainable growth. As part of its investment process, the adviser seeks to assess the impact of environmental, social and governance (ESG) factors on many issuers in the universe in which the Fund may invest. The advisers assessment is based on an analysis of key opportunities and risks across industries to seek to identify financially material issues with respect to the Funds investments in securities and ascertain key issues that merit engagement with issuers. These assessments may not be conclusive and securities of issuers that may be negatively impacted by such factors may be purchased and retained by the Fund while the Fund may divest or not invest in securities of issuers that may be positively impacted by such factors. The adviser may sell a security for several reasons. A security may be sold due to a change in the companys fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
HOWMET AEROSPACE INC $394.79M 3.46%
HILTON WORLDWIDE HOLDINGS INC $389.71M 3.42%
VERTIV HOLDINGS CO $382.62M 3.35%
ROYAL CARIBBEAN CRUISES LTD $353.54M 3.10%
QUANTA SVCS INC $330.36M 2.90%
COMFORT SYSTEMS USA INC $291.60M 2.56%
CENCORA INC $283.68M 2.49%
INSMED INC $253.44M 2.22%
CLOUDFLARE INC-A $251.80M 2.21%
ALNYLAM PHARMACEUTICALS INC $231.93M 2.03%
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Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
13
Exited
14
Increased
33
Decreased
64
Unchanged
2

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

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Advisers

As of June 30, 2025 · N-CEN
FirmRole
J.P. Morgan Investment Management, Inc. Adviser

Footnotes

  1. Expense ratio as of October 22, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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