JPMorgan US Smaller Companies Investment Trust plc is an open-ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in growth stocks of small-cap companies. The fund employs fundamental analysis with a bottom up stock picking approach, focusing on companies with sustainable competitive advantages versus their competitors, high quality business models and management, and significant growth profiles to create its portfolio. It benchmarks the performance of its portfolio against the Russell 2000 Index Net (£). The fund was formerly known as JPMorgan US Discovery Investment Trust plc. JPMorgan US Smaller Companies Investment Trust plc was formed in 1955 and is domiciled in United Kingdom.