Investment objective & strategy
As of April 29, 2025 · prospectusObjective. This Fund seeks to provide long-term total return from a combination of income and capital gains.
Strategy. This Fund invests primarily in equity securities across all market capitalizations. The Fund may at any given time invest a significant portion of its assets in companies of one particular market capitalization category, such as large-capitalization companies. Equity securities in which the Fund primarily invests include common stocks. The sub-adviser normally invests the Funds assets across different groups of industries/sectors, but may invest a significant percentage of the Funds assets in issuers in a single sector at its investment discretion in seeking the investment goal of the Fund. As of December 31, 2024, a significant portion of the Fund is represented by securities of companies in the Financial sector. In managing the Fund, the sub-adviser employs a bottom-up approach to … This Fund invests primarily in equity securities across all market capitalizations. The Fund may at any given time invest a significant portion of its assets in companies of one particular market capitalization category, such as large-capitalization companies. Equity securities in which the Fund primarily invests include common stocks. The sub-adviser normally invests the Funds assets across different groups of industries/sectors, but may invest a significant percentage of the Funds assets in issuers in a single sector at its investment discretion in seeking the investment goal of the Fund. As of December 31, 2024, a significant portion of the Fund is represented by securities of companies in the Financial sector. In managing the Fund, the sub-adviser employs a bottom-up approach to its selection of securities to identify undervalued companies that have the potential to grow their intrinsic values per share, and to purchase these companies at a discount. The sub-adviser may sell a security for several reasons. A security may be sold due to a change in the companys fundamentals or if the sub-adviser believes the security is no longer attractively valued. Investments may also be sold if the sub-adviser identifies a security that it believes offers a better investment opportunity. The Fund may lend its portfolio holdings to certain financial institutions.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| BERKSHIRE HATH-B | — | $16.61M | 3.64% |
| WELLS FARGO & CO | — | $11.46M | 2.51% |
| JOHNSON&JOHNSON | — | $8.83M | 1.93% |
| ABBVIE INC | — | $8.65M | 1.89% |
| CAPITAL ONE FINANCIAL CORP | — | $8.06M | 1.77% |
| CONOCOPHILLIPS | — | $8.06M | 1.77% |
| PHILIP MORRIS INTL INC | — | $8.04M | 1.76% |
| EOG RESOURCES INC | — | $7.60M | 1.67% |
| TEXAS INSTRUMENTS INC | — | $7.38M | 1.62% |
| AMAZON.COM INC | — | $6.61M | 1.45% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How 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.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| JPMorgan Value Advantage Fund · JVASX, JVAIX, JVAAX, JVACX, JVAPX, JVAQX, JVARX, JVAYX, JGAQX | 97% | 0.50% |
| JPMorgan Active Value ETF · JAVA | 50% | 0.44% |
| JNL/JPMorgan U.S. Value Fund | 46% | 0.58% |
Advisers
| Firm | Role |
|---|---|
| J.P. Morgan Investment Management, Inc. | Sub-adviser |
| Pacific Life Fund Advisors LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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