Any investors hoping to find a Mutual Fund Equity Report fund could think about starting with JPMorgan Large Cap Growth A (OLGAX Quick QuoteOLGAX - Free Report) . OLGAX holds a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.

History of Fund/Manager

J.P. Morgan is based in Boston, MA, and is the manager of OLGAX. JPMorgan Large Cap Growth A made its debut in February of 1994, and since then, OLGAX has accumulated about $4.54 billion in assets, per the most up-to-date date available. The fund is currently managed by a team of investment professionals.

Performance

Of course, investors look for strong performance in funds. This fund has delivered a 5-year annualized total return of 22.93%, and it sits in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 23.99%, which places it in the top third during this time-frame.

When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, OLGAX's standard deviation comes in at 20.67%, compared to the category average of 15.05%. The standard deviation of the fund over the past 5 years is 19.05% compared to the category average of 13.39%. This makes the fund more volatile than its peers over the past half-decade.

Risk Factors

Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. OLGAX has a 5-year beta of 1.08, which means it is likely to be more volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. OLGAX has generated a positive alpha over the past five years of 6.18, demonstrating that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

Holdings

Investigating the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is largely on equities that are traded in the United States.

The mutual fund currently has 94.6% of its holdings in stocks, and these companies have an average market capitalization of $419.63 billion. The fund has the heaviest exposure to the following market sectors:

1. Technology
2. Retail Trade

Turnover is 58%, which means this fund makes more traders than comparable funds in a given year.

Expenses

Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, OLGAX is a load fund. It has an expense ratio of 0.93% compared to the category average of 0.99%. Looking at the fund from a cost perspective, OLGAX is actually cheaper than its peers.

This fund requires a minimum initial investment of $1,000, and each subsequent investment should be at least $50.

Bottom Line

Overall, JPMorgan Large Cap Growth A ( OLGAX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, worse downside risk, and lower fees, JPMorgan Large Cap Growth A ( OLGAX ) looks like a good potential choice for investors right now.

This could just be the start of your research on OLGAXin the Mutual Fund Equity Report category. Consider going to www.zacks.com/funds/mutual-funds for additional information about this fund, and all the others that we rank as well for additional information. Zacks provides a full suite of tools to help you analyze your portfolio - both funds and stocks - in the most efficient way possible.