JPMorgan Mid Cap Equity I’s strong process and parent firm are the foundation for this strategy's Morningstar Quantitative Rating of Bronze. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.
The strategy's sensible investment philosophy merits an Above Average Process Pillar rating. Independent of the rating, analysis of the strategy's portfolio shows it is currently, although not consistently, overweight in momentum exposure and volatility exposure compared with category peers. Momentum is the premise that stocks that have recently outperformed will continue to do so. With low momentum exposure, the portfolio is holding stocks that managers believe to be undervalued. And low volatility exposure is rooted in stocks that have a lower standard deviation of returns. The strategy is part of a first-rate parent, as shown by a high lineup success ratio and overall reasonable fees. These attributes support its Above Average Parent Pillar rating. Finally, the strategy's longest-tenured manager is experienced, but still gets an Average People Pillar rating.