Best J.P. Morgan Mutual Funds Overview
In addition to many other financial services, J.P. Morgan develops and manages its own lineup of mutual funds. These investment products can be purchased inside a J.P. Morgan Investing account or through another brokerage firm. Below are four funds that receive strong ratings from well-known industry analysts:
J.P. Morgan Large Cap Growth Fund (OLGAX)
The first fund on our list is J.P. Morgan’s large-cap growth strategy. As the name indicates, the fund focuses on growth-oriented companies with large market capitalizations, and in some cases mega-cap stocks. The portfolio contains 76 securities, with most of the companies located in the United States. Some of the major positions include:
NVIDIA
Microsoft
Apple
Alphabet
Broadcom
Tesla
Amazon
Mastercard
Meta
Eli Lilly
OLGAX began operations in 1994, which gives it a long performance history. Over this time period, the fund has generated notable returns. Its 10-year annualized return is 17.98%, while the annualized return since inception stands at 11.28%.
Morningstar evaluates these results positively. The firm awards the fund a very high rating for overall performance as well as for the 10-year timeframe.
J.P. Morgan Equity Premium Income Fund (JEPAX)
The next fund is JEPAX, the J.P. Morgan Equity Premium Income Fund. The main objective of this fund is generating consistent income. It attempts to achieve this by investing in dividend-paying companies while also selling call options and using equity-linked notes (ELNs). Up to 20% of the portfolio may be invested in ELNs.
A secondary goal of the fund is capital growth. The portfolio includes more than 100 U.S. stocks, allowing the fund to pursue both objectives. Examples of holdings include:
Adobe Inc
Microsoft Corp
Comcast Corp Class A
Mastercard Inc Class A
Intuit Inc
Accenture PLC Class A
PepsiCo Inc
According to the fund’s profile on the J.P. Morgan Investing website, it currently shows a 30-day SEC yield of 7.35% and a trailing 1-year yield of 7.53%. The same page lists a $1 minimum purchase amount initially (although the official minimum is $1,000). Additional purchases require only $1.
The fund’s gross expense ratio is 0.84%, and the net expense ratio is also 0.84%. This management fee is not the only possible cost. The fund has an official front-end load of 5.25%, although this charge is waived for trades placed through J.P. Morgan Investing.
Morningstar assigns JEPAX a high rating depending on the timeframe analyzed. The analyst classifies the fund as having above-average returns compared with peers in the same category while maintaining below-average risk.
J.P. Morgan Core Bond Fund (PGBOX)
J.P. Morgan funds are not limited to equities. PGBOX focuses on fixed-income investments. It falls into the intermediate core bond category and has generally performed in line with that group. The fund is actively managed, meaning the portfolio managers regularly buy and sell intermediate- and long-term bonds rather than simply tracking an index. This strategy results in a moderate turnover rate.
The portfolio has moderate sensitivity to changes in interest rates and consists primarily of investment-grade bonds. These securities include corporate, agency, sovereign, and mortgage-backed bonds. PGBOX currently holds more than $53 billion in assets.
The fund has delivered an annualized return of 4.70% since its inception in 1992 (or 4.57% when the load is included). Much of the return comes from interest payments, and the fund currently produces a yield of about 3.75%.
Morningstar gives PGBOX a decent rating for both overall and 5-year return-risk measures. According to Morningstar, the fund shows average returns and below-average risk compared with its peers.
Find a Financial Advisor
If you are looking for a professional money management service in your area, you can
find a Financial Advisor on the Wiser Advisor
(or read
Wiser Advisor review).
Find a Financial Advisor
J.P. Morgan Global Bond Opportunities (GBOAX)
Investors who want broader international exposure in fixed income may consider GBOAX. This J.P. Morgan fund invests heavily in bonds issued by foreign governments and organizations. Some examples of securities found in the portfolio include:
Secretaria Tesouro Nacional 10%
Poland (Republic of) 7.5%
Mexico (United Mexican States) 7.75%
South Africa (Republic of) 8.875%
Mexico (United Mexican States) 8.5%
Indonesia (Republic of) 7%
At least 40% of the portfolio must be invested in foreign bonds, while at least 80% must be invested in a combination of U.S. and foreign debt. Many of the bonds fall into the BBB or BB credit categories.
Morningstar classifies the fund’s interest-rate sensitivity as moderate and its credit quality as middle-of-the-road. The analyst awards GBOAX a very high rating for overall performance. Lipper also gives the fund the highest rating of 5 across multiple timeframes.
Executing a trade for GBOAX or another J.P. Morgan fund through J.P. Morgan Investing is straightforward. On the fund’s profile page, look for the blue trade button. The order ticket allows buy, sell, and exchange transactions. Separate settings for dividends and capital gains allow investors to reinvest one distribution type while taking the other in cash.
Load Status of J.P. Morgan Funds
Within a J.P. Morgan Investing account, there are no transaction fees for trading any brand of mutual fund. Sales loads are handled differently. Most J.P. Morgan mutual funds offered to retail investors include loads in their prospectuses. Share classes without loads often require very high investment minimums, such as $1 million, or may only be available through advisory or institutional programs. Retail investors typically encounter either front-end loads (Class A shares) or back-end loads (Class C shares). Some brokerage firms—including J.P. Morgan Investing—may waive loads for certain funds, so investors should review the details before placing a trade.
Researching J.P. Morgan Funds
Many brokerage firms offer online screening tools that allow users to search funds by family. On the J.P. Morgan Investing website, we used the broker’s fund screener and limited the search to J.P. Morgan funds only. The results showed 79 available funds. The screener can be accessed on the mutual-fund page, which appears under the Investments tab in the main menu.
Free Charles Schwab Account
Visit Schwab Website
Updated on 3/9/2026.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
|