If you're looking for a Large Cap Growth fund category, then a potential option is JPMorgan Large Cap Growth A (
OLGAX Quick Quote OLGAX - Free Report) . OLGAX carries a Zacks Mutual Fund Rank of 3 (Hold), which is based on nine forecasting factors like size, cost, and past performance. Objective
We classify OLGAX in the Large Cap Growth category, an area rife with potential choices. Large Cap Growth funds invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. To be considered large-cap, companies must have a market cap over $10 billion.
History of Fund/Manager
OLGAX finds itself in the J.P. Morgan family, based out of Boston, MA. JPMorgan Large Cap Growth A made its debut in February of 1994, and since then, OLGAX has accumulated about $5.30 billion in assets, per the most up-to-date date available. The fund is currently managed by a team of investment professionals.
Investors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 28.25%, and it sits in the top third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 27.07%, 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 21.6%, compared to the category average of 15.65%. Looking at the past 5 years, the fund's standard deviation is 17.83% compared to the category average of 12.9%. This makes the fund more volatile than its peers over the past half-decade.
Investors should note that the fund has a 5-year beta of 1.05, so it is likely going to be more volatile than the market at large. 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. Over the past 5 years, the fund has a positive alpha of 8.31. This means that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Examining 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 primarily on equities that are traded in the United States.
Right now, 95.12% of this mutual fund's holdings are stocks, which have an average market capitalization of $389.25 billion. The fund has the heaviest exposure to the following market sectors:
Technology Retail Trade Finance
This fund's turnover is about 58%, so the fund managers are making more trades per year than the comparable average.
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 1.02%. 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.
Overall, JPMorgan Large Cap Growth A ( OLGAX ) has a neutral Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, JPMorgan Large Cap Growth A ( OLGAX ) looks like a somewhat average choice for investors right now.
This could just be the start of your research on OLGAXin the Large Cap Growth 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. For analysis of the rest of your portfolio, make sure to visit Zacks.com for our full suite of tools which will help you investigate all of your stocks and funds in one place.