JPMorgan Investor Growth A (ONGAX – MF report) a Zacks Ranked #2 (Buy) seeks long-term capital appreciation by investing primarily in a diversified group of One Group mutual funds that invest primarily in equity securities. One Group Investor Growth Fund is a ‘fund of funds.’ ONGAX’s investment strategy is to invest in a diversified group of other One Group mutual funds. Because this is a growth fund, the majority of the fund’s assets are invested in One Group equity funds, although a portion of its assets may also be invested in One Group bond and money market funds. ONGAX’s investment return is diversified by its investment in the underlying mutual funds, which invest in growth and income stocks, foreign securities, debt securities and cash or cash equivalents. ONGAX offers dividends quarterly and capital gains annually.

This Large Blend fund, as of the last filing, allocates their fund in three major groups; Large Value, Large Growth, Foreign Stock.  Further, as of the last filing, JPMorgan US Equity Fund, JPMorgan Intrepid America and JPMorgan Large Cap Val Fund were the top holdings for ONGAX.  

The JPMorgan Investor Growth A fund, managed by J.P. Morgan, carries an expense ratio of 0.38. Moreover, ONGAX requires a minimal initial investment of $500.

ONGAX has a history of strong positive total returns for over 10 years.  Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 7.86%, 3 year 15.13%, and 5 year 12.67%.  To see how this fund performed compared in its category, please click here.  

ONGAX’s performance, as of the last filing, when compared to funds in its category was in the top 66% in 1 year, top 77% over the past 3 years, and in the 79% over the past 5 years.