{
  "docId": "019dd923-5e88-73ef-bd5b-1e6f0e4a4837",
  "docSlug": "72a39dd724dc52b6",
  "documentTitle": "presentation us tl strategy sma",
  "authorId": "JPMorgan",
  "authorName": "J.P. Morgan Asset Management",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.294,
  "pageNumber": 11,
  "pageCount": 42,
  "prevPage": 10,
  "nextPage": 12,
  "slideType": "key_takeaways",
  "function": "present_solution",
  "density": "dense",
  "nDataPoints": 10,
  "notes": "The slide uses bar charts to demonstrate that the JPM USTL strategy is not constrained by traditional tech-sector focus or market-cap-weighted indices.",
  "elementsJson": [
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    "bar_chart_vertical",
    "footnote"
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  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5b-1e6f0e4a4837/11",
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  "components": [
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      "bbox": null,
      "kind": "callout",
      "text": "Not tethered to a market cap weighted index.",
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      "toolName": "Visual emphasis",
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      "componentId": "019dd952-28a9-71be-806f-b155e991be5c",
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      "bbox": {
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        "x": 0.38,
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      "kind": "chart",
      "text": "JPM USTL weight by market cap",
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      "kind": "chart",
      "text": "JPM USTL weight by sector",
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      "componentId": "8248eede-ee22-4636-a7a2-628eeae3e776",
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      "bbox": {
        "h": 0.25,
        "w": 0.25,
        "x": 0.68,
        "y": 0.45
      },
      "kind": "chart",
      "text": "Portfolio weight in Magnificent 7",
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        "x": 0.03,
        "y": 0.85
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      "kind": "disclaimer",
      "text": "Source: J.P. Morgan Asset Management as of 12/31/2025. The manager seeks to achieve the stated objectives. There can be no guarantee the objectives will be met. *Using Russell ICB sector classifications. \"Other\" represents sectors outside of technology. **Magnificent 7 is defined as NVIDIA, Apple, Microsoft, Amazon, Alphabet, Meta Platforms and Tesla. The above is based on a representative account. Portfolio weights may not add up to 100% due to rounding and cash.",
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      "kind": "metric",
      "text": "Portfolio weight: 63%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
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      "componentId": "019dd952-28a9-71be-806f-b5d7e009938b",
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      "kind": "title",
      "text": "Flexibility to invest across market caps and sectors is critical",
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  "metrics": [],
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  "arcBeats": [
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      "to": 12,
      "from": 10,
      "beatId": "f310b598-b7b4-429b-a593-e35082b8d563",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Solution & Approach",
      "beatSlug": "consultants-gambit-solution-approach",
      "evidence": "The presentation outlines the strategy's approach, including its flexibility to invest across market caps and sectors.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
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  "loops": [
    {
      "to": 12,
      "from": 4,
      "name": "Golden Circle",
      "slug": "11-golden-circle",
      "bestFor": "Visionary leadership, brand positioning, mission statements",
      "matchId": "0bbb378a-093d-482b-a99c-e910dc23f7f1",
      "evidence": "The presentation uses the golden circle framework to explain the strategy's approach and benefits.",
      "position": 0,
      "objective": "Why invest in US Tech Leaders?",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
      "confidence": 0.7,
      "description": "Invert the typical pitch by starting with why you exist, rather than what you do"
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