J.P. Morgan is planning to convert this mutual fund into a transparent exchange-traded fund in early 2022, subject to Board of Trustee approval. While the fund’s investment strategy is expected to remain the same, J.P. Morgan believes fundholders could benefit from lower costs and greater tax efficiency as part of the reorganization. The firm also anticipates that the conversion will not have tax consequences for investors.
Will PGMIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PGMIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PGMIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PGMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.