Undiscovered Managers Behavioral Value A (UBVAX)

The Undiscovered Managers Behavioral Value Fund Class A endeavors to achieve substantial long-term capital growth for its investors. The fund accomplishes this by holding equity stakes in American businesses that its sub-adviser believes are undervalued. These holdings include, but are not restricted to, smaller-capitalization companies—similar to the constituents of the Russell 2000 Value Index—as well as real estate investment trusts (REITs). A distinctive aspect of the sub-adviser's stock selection process is its integration of principles derived from behavioral finance.