Published registry · Registry rank 994 · Portfolio as of 2026-06-30
JPMorgan Mid Cap Equity Fund
JCMAX (JPMorgan Mid Cap Equity Fund) · JMCCX (JPMorgan Mid Cap Equity Fund) · JMCEX (JPMorgan Mid Cap Equity Fund) · JMEEX (JPMorgan Mid Cap Equity Fund) · JPPEX (JPMorgan Mid Cap Equity Fund) · VSNGX (JPMorgan Mid Cap Equity Fund)
The verdict
What the numbers say
This portfolio genuinely differs from the S&P MidCap 400 (87.1% active share). Its 1.09% fee buys real active management; whether it earned that fee is not something holdings can show.
Data provenance
Run fffcd45a-98bb-4e8e-b699-e94626fa3ab3; method closet-index@3.0.0; fund accession 0002071691-26-021086; comparison periods and expense-filing links appear with their figures. Machine capture time: 2026-09-01T09:31:36.244Z.
Computed rule checks
1 warning · 0 checks clear · 2 checks need source inputs
Warning
· Rule 1
The fund’s filed benchmark and its closest approved index control point to different comparisons.
Methodology rule · visual rules si-visual-explainers@1.0.0
No positive-fee index control is available
· Rule 2
The active-share, filed-fee, or same-index control input needed for this warning is unavailable.
Methodology rule · visual rules si-visual-explainers@1.0.0
No complete licensed window with a filed fee
· Rule 3
No complete licensed window and filed headline fee are available together for this check.
Computed on licensed market-return history · filed fee as of 2025-06-30
Methodology rule · visual rules si-visual-explainers@1.0.0
Filed fees in dollars
SEC-convention illustration
Computed from SEC filings
Assumptions for each dollar figure: $100,000 starting amount · 5.0% annual return · annual compounding · fees deducted annually · 0.01% computed index-control baseline. Methodology.
| Share class and filing | 10 years | 20 years | 30 years |
|---|---|---|---|
| JCMAX1.09% · SEC expense filing · as of 2025-06-30 | $15,986 | $49,474 | $114,937 |
| JMCCX1.59% · SEC expense filing · as of 2025-06-30 | $22,896 | $69,278 | $157,512 |
| JMCEX1.35% · SEC expense filing · as of 2025-06-30 | $19,617 | $59,998 | $137,818 |
| JMEEX0.70% · SEC expense filing · as of 2025-06-30 | $10,384 | $32,719 | $77,347 |
| JPPEX0.60% · SEC expense filing · as of 2025-06-30 | $8,917 | $28,227 | $67,034 |
| VSNGX0.84% · SEC expense filing · as of 2025-06-30 | $12,417 | $38,871 | $91,313 |
Real trailing windows
Computed on licensed market-return history · published run 363649da-fcfb-4007-87ef-de06de7710ca
Trailing windows use iShares Russell 1000 Value ETF (IWD) adjusted-close total-return history through 2026-07-29 and the same filed index-control fee baseline as the convention table. Methodology.
| Share class and filing | 10 years | 20 years | 30 years |
|---|---|---|---|
| JCMAXFiled fee as of 2025-06-30 | $27,320Computed on licensed market-return history 2016-07-29 to 2026-07-29 · proxy return 11.41% annualized | $95,375Computed on licensed market-return history 2006-07-31 to 2026-07-29 · proxy return 8.68% annualized | Proxy history begins 2000 — no full 30-year window |
| JMCCXFiled fee as of 2025-06-30 | $39,177Computed on licensed market-return history 2016-07-29 to 2026-07-29 · proxy return 11.41% annualized | $133,745Computed on licensed market-return history 2006-07-31 to 2026-07-29 · proxy return 8.68% annualized | Proxy history begins 2000 — no full 30-year window |
| JMCEXFiled fee as of 2025-06-30 | $33,546Computed on licensed market-return history 2016-07-29 to 2026-07-29 · proxy return 11.41% annualized | $115,751Computed on licensed market-return history 2006-07-31 to 2026-07-29 · proxy return 8.68% annualized | Proxy history begins 2000 — no full 30-year window |
| JMEEXFiled fee as of 2025-06-30 | $17,730Computed on licensed market-return history 2016-07-29 to 2026-07-29 · proxy return 11.41% annualized | $63,002Computed on licensed market-return history 2006-07-31 to 2026-07-29 · proxy return 8.68% annualized | Proxy history begins 2000 — no full 30-year window |
| JPPEXFiled fee as of 2025-06-30 | $15,221Computed on licensed market-return history 2016-07-29 to 2026-07-29 · proxy return 11.41% annualized | $54,337Computed on licensed market-return history 2006-07-31 to 2026-07-29 · proxy return 8.68% annualized | Proxy history begins 2000 — no full 30-year window |
| VSNGXFiled fee as of 2025-06-30 | $21,208Computed on licensed market-return history 2016-07-29 to 2026-07-29 · proxy return 11.41% annualized | $74,880Computed on licensed market-return history 2006-07-31 to 2026-07-29 · proxy return 8.68% annualized | Proxy history begins 2000 — no full 30-year window |
These figures are illustrations, not predictions or personalized advice. Returns and fees can differ. Read the research disclaimer.
Change the illustration
Computed from SEC filings
Assumptions for the dollar figures below: $100,000 starting amount; 5.0% annual return; 20 years; annual compounding; fees deducted annually; 0.01% computed index-control baseline. JCMAX SEC expense filing, as of 2025-06-30. Methodology.
| Result | Amount |
|---|---|
| Ending value at baseline | $264,825 |
| Ending value at filed expense ratio | $215,351 |
| Difference attributed to fee drag | $49,474 |
This is an illustration, not a prediction or personalized advice. Returns and fees can differ. Read the research disclaimer.
Largest active differences vs the S&P MidCap 400
The bars are labeled and repeated in the table; color is not the only signal. Linked company names open Buy Like Buffett’s company record; Sensible Investor does not score stocks.
| Holding | Fund | S&P MidCap 400 | Difference |
|---|---|---|---|
| IQVIA Holdings, Inc. | 1.80% | 0.00% | +1.80% |
| AMETEK, Inc. | 1.48% | 0.00% | +1.48% |
| Cencora, Inc. | 1.44% | 0.00% | +1.44% |
| Jabil, Inc. | 1.41% | 0.00% | +1.41% |
| Healthpeak Properties, Inc. | 1.23% | 0.00% | +1.23% |
| Fidelity National Information Services, Inc. | 1.16% | 0.00% | +1.16% |
| Ameriprise Financial, Inc. | 1.14% | 0.00% | +1.14% |
| SILGAN HOLDINGS INC | 1.25% | 0.11% | +1.14% |
| M&T Bank Corp. | 1.14% | 0.00% | +1.14% |
| GE HealthCare Technologies, Inc. | 1.11% | 0.00% | +1.11% |
Source and verification
SEC N-PORT filing · filed 2026-08-28 · period 2026-06-30
SEC expense filing · period 2025-06-30
Cite these figures
Each snippet includes the figure’s source-event date and immutable verification URL.
Best-fit active share
Sensible Investor, “JPMorgan Mid Cap Equity Fund — best-fit active share,” 87.1% versus the S&P MidCap 400, fund portfolio as of 2026-06-30; measured against the filed holdings of iShares Core S&P Mid-Cap ETF (IJH), as of 2026-06-30. https://sensible-investor.com/registry/jcmax/as-of/fffcd45a-98bb-4e8e-b699-e94626fa3ab3
JCMAX filed expense ratio
Sensible Investor, “JPMorgan Mid Cap Equity Fund — filed expense ratio,” 1.09% for JCMAX, as of 2025-06-30. https://sensible-investor.com/registry/jcmax/as-of/fffcd45a-98bb-4e8e-b699-e94626fa3ab3
JCMAX fee per active unit
Sensible Investor, “JPMorgan Mid Cap Equity Fund — fee per unit of active management,” 1.25% using the JCMAX expense ratio as of 2025-06-30 and fund portfolio as of 2026-06-30. https://sensible-investor.com/registry/jcmax/as-of/fffcd45a-98bb-4e8e-b699-e94626fa3ab3