Use the Guide
Browse the Guide
Portfolio Discussions
Dr. Kelly's Review
Use the Guide
Guide to Retirement
Client Presentation
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Featured Topics
Fixed Income
Income Opportunities
U.S. Equities
Global Growth
Looking for other topics? Visit the Library
Choose a Shortcut

Equity Income Fund - R6 (OIEJX)

Equity Income Fund - R6 (OIEJX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources


The Fund seeks capital appreciation and current income.

Strategy/Investment process

  • Invests primarily in common stock and real estate investment trusts (REITs).
  • At least 80% invested in equity securities of corporations that regularly pay dividends.
Performance basics
  Annualized returns (as of 10/31/2015)
  1 Year 3 Year 5 Year 10 Year
at NAV 2.91% 14.66% 14.45% 8.61%
Russell 1000 Value Index 0.53% 14.52% 13.26% 6.75%
Lipper Equity Income Funds Index 0.88% 12.61% 11.86% 6.59%
  Annualized returns
(as of 9/30/2015)
  1 Year 3 Year 5 Year 10 Year
at NAV -1.03% 11.91% 13.64% 7.62%
Russell 1000 Value Index -4.42% 11.59% 12.29% 5.71%
Lipper Equity Income Funds Index -4.24% 9.74% 10.94% 5.63%

The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end, please call 1-800-480-4111.

Annual operating expenses (%)
Expense cap expiration date 10/31/2016
Expense cap 0.54%
Total annual operating expenses 0.50%
Fee waivers and/or expense reimbursements 0.00%
Net expenses 0.50%

Fee waivers and/or expense reimbursements,Net Expenses
The Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date. This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.

Ratings (as of 10/31/2015)
Morningstar overall rating: (1197 funds)
Morningstar category: Large Value

Overall rating R6 Shares; Large Value Category; 1197 funds. Three year rating 4 stars; 1197 funds. Five year period not yet rated; 10 year period not yet rated.

2015, Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damage or losses arising from any use of this information. Past performance is not a guarantee of future results. For each fund with a three-year history, Morningstar calculates a Morningstar Rating™ metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund's load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. Different share classes may have different ratings.

The ranking information is provided by Lipper Analytical Services. Past performance is no guarantee of future results. Rankings are calculated based upon the total returns of multiple share classes within their respective Lipper category. Different share classes may have different rankings.

Minimum investments
Minimum investments Minimum subsequent investments
Regular $15M Regular No Minimum.
IRA $15M IRA No Minimum.
Daily stats (as of 11/30/2015)
$14.01 0.14%
$0.04 | -0.28%  
NAV as of:
  • Wed
    Oct 21
  • Thu
    Oct 22
  • Fri
    Oct 23
  • Mon
    Oct 26
  • Tue
    Oct 27
  • Wed
    Oct 28
  • Thu
    Oct 29
  • Fri
    Oct 30
  • Mon
    Nov 02
  • Tue
    Nov 03
  • Wed
    Nov 04
  • Thu
    Nov 05
52 Week High $14.67
52 Week Low $12.74
YTD Total Return w/Load N/A
Net Asset Class $1,240,124,030.03
Net Asset Fund $10,690,458,548.32

N/A: Not available at this time

  10/31/2015   9/30/2015
30-Day SEC Yield 2.13% 2.29%
30-Day SEC Yield (Unsubsidized) 2.12% 2.28%
12-Month Rolling Dividend Yield 2.32% 2.36%

Must be preceded or accompanied by a prospectus

†Class R6 Share 12-month rolling yields are calculated by dividing the dividend per share by the NAV per share on the day of the distribution. 12-month rolling yields represent the sum of the monthly dividend yields for the previous 12 months.

Ticker OIEJX
CUSIP 46636U876
Share Class Inception Date 01/31/2012
Fund Number 3633
Asset Class U.S. Equity
Cut-off time1 4:00 P.M.
J.P. Morgan Funds objective box

J.P. Morgan Funds objective box is based on the Fund's overall targeted capitalization and valuation range(s) as described in the Fund's prospectus.

The currency for the calculation corresponds to the currency of the country for which the awards are calculated and relies on monthly data. Classification averages are calculated with all eligible share classes for each eligible classification. The calculation periods extend over 36, 60, and 120 months. For a detailed explanation please review the Lipper Leaders methodology document on

Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Users acknowledge that they have not relied upon any warranty, condition, guarantee, or representation made by Lipper. Any use of the data for analyzing, managing, or trading financial instruments is at the user's own risk. This is not an offer to buy or sell securities.

The price of equity securities may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund's portfolio or the securities market as a whole, such as changes in economic or political conditions. Equity securities are subject to "stock market risk," meaning that stock prices in general (or in particular, the prices of the types of securities in which a fund invests) may decline over short or extended periods of time. When the value of a Fund's securities goes down, an investment in a Fund decreases in value.

Investments in derivatives may be riskier than other types of investments. They may be more sensitive to changes in economic or market conditions than other types of investments. Many derivatives create leverage, which could lead to greater volatility and losses that significantly exceed the original investment.

There is no guarantee that companies that can issue dividends will declare, continue to pay or increase dividends.

1Please refer to the prospectus for additional information about cut-off times.

Total return assumes reinvestment of income.

The quoted performance of the Fund includes performance of a predecessor fund/share class prior to the Fund's commencement of operations. Please refer to the current prospectus for further information.

The Russell 1000 Value Index is an unmanaged index, which measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. Investors can not invest directly in an index.

The performance of the Lipper Equity Income Funds Index includes expenses associated with a mutual fund, such as investment management fees. These expenses are not identical to the expenses charged by the Fund.

Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees and/or reimbursement of certain expenses for certain periods since the inception date. If fees had not been waived and/or certain expenses were not reimbursed, performance would have been less favorable.

©2015, American Bankers Association, CUSIP Database provided by the Standard & Poor's CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. All rights reserved.