JPMorgan Macro Opportunities earns an inaugural Morningstar Analyst Rating of Bronze for its cheaper share classes while the more expensive C share class receives a Neutral rating. These ratings align with the Luxembourg-domiciled sibling. Although the U.S.-based fund is newly rated, the strategy is not: Upon observing multiple incremental improvements to the team structure and process, the strategy received People and Process Pillar upgrades to Above Average in early 2022.
JPMorgan Macro Opportunities I JPMIX
NAV / 1-Day Return
15.06
/
0.47
%
Total Assets
17.9 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.950%
Expense Ratio
0.950%
Fee Level
Low
Longest Manager Tenure
2.20
years
Category
Macro Trading
Alt Style Correlation / Relative Volatility
—Min. Initial Investment
1,000,000
Status
Open
TTM Yield
1.45%
Turnover
99%
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will JPMIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JPMIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the JPMIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of JPMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
After a period of transition, this strategy has regained its footing and cemented its edge over peers.
