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JPMorgan Funds - Emerging Markets Local Currency Debt Fund A (acc) - USD
JPMorgan Funds (SICAV domiciled in Luxembourg)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: SICAV

To achieve a return in excess of government bond markets of emerging markets countries by investing primarily in emerging market local currency debt securities, using derivatives where appropriate. INVESTMENT PROCESS Investment approach B Uses a globally integrated research driven investment process that focuses on analysing fundamental, quantitative and technical factors across countries, sectors and issuers. B Combines top-down decision making – including country allocation, duration management and currency exposure – with bottom-up security selection. Share Class Benchmark J.P. Morgan Government Bond Index - Emerging Markets Global Diversified (Total Return Gross) Benchmark uses and resemblance B Performance comparison. B Basis for relative VaR calculations. The Sub-Fund is actively managed. The majority of issuers in the Sub-Fund are likely to be represented in the benchmark because the Investment Manager uses it as a basis for portfolio construction, but has some discretion to deviate from its composition and risk characteristics within indicative risk parameters. The Sub-Fund will resemble the composition and risk characteristics of its benchmark; however, the Investment Manager’s discretion may result in performance that differs from the benchmark. POLICIES Main investment exposure At least 67% of assets invested, either directly or through derivatives, in debt securities issued or guaranteed by emerging market governments or their agencies and by companies that are domiciled, or carrying out the main part of their economic activity, in an emerging market country. Investments may be denominated in any currency however at least 67% will be denominated in an emerging market currency. The Sub-Fund may have significant positions in specific countries, sectors or currencies which may be concentrated from time to time. Although derivatives may be denominated in EUR or USD, they may have exposure to emerging market currencies. There are no credit quality or maturity restrictions applicable to the investments. The Sub-Fund may invest in onshore debt securities issued within the PRC through China-Hong Kong Bond Connect. At least 51% of assets are invested in issuers with positive environmental and/or social characteristics that follow good governance practices as measured through the Investment Manager's proprietary ESG scoring methodology and/ or third party data. The Investment Manager evaluates and applies values and norms based screening to implement exclusions. To support this screening, it relies on third party provider(s) who identify an issuer’s participation in or the revenue which they derive from activities that are inconsistent with the values and norms based screens. The list of screens applied that may result in exclusions can be found on the Management Company’s Website (www. jpmorganassetmanagement.lu).

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
5
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 23/07/202117.23
Morningstar categoryGlobal Emerging Markets Bond - Local Ccy
CurrencyUSD
Distribution statusAccumulating
ISINLU0332400406
Inception Date24/01/2008
Minimum initial amount500.00 USD
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.31% of which none is paid to MeDirect
Fund management company
AddressJPMorgan Asset Management (Europe) S.à r.l. European Bank & Business Centre 6, route de Trèves Luxembourg L-2633 Luxembourg
Manager NameDidier Lambert
Manager Start Date19/10/2009
Websitehttp://www.jpmorganassetmanagement.com
Total Net Assets (mil)1,932.17 USD (30/06/2021)
UCITSYes
AdministratorJPMorgan Asset Management (Europe) S.à r.l.

Documents

Prospectus
en 01/07/2021
Annual Report
en 30/06/2020
Semi Annual Report
en 31/12/2020
Morningstar Report
24/07/2021

Performance

Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
The performance in euro can be lower or higher than the performance in the currency of denomination of the fund due to fluctuations in exchange rates.
Annualised performance in USD
PeriodAnnualised returnDate
1 year3.36%23/07/2021
3 years2.87%23/07/2021
5 years2.17%23/07/2021
10 years-1.01%23/07/2021
Since launch1.18%23/07/2021
Cumulative performance in USD
Performance
YTD 01/01/2021-4.60
1 month-1.32
3 months-0.23
6 months-3.53
Quarterly Returns
Q 1Q 2Q 3Q 4
2021-7.03%3.99%--
2020-15.53%9.32%-0.19%11.83%
20193.01%5.11%-0.71%4.53%
20184.25%-11.54%-1.41%1.17%
20176.67%3.35%3.12%0.47%
Dividend

Analysis

Asset Allocation
% Long% Short% Net Assets
Stock0.00%0.00%0.00%
Bond95.25%0.55%94.70%
Cash11.07%5.76%5.30%
Other0.00%0.00%0.00%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
10.6512.7611.54
Sharpe Ratio
0.760.260.16
Sortino Ratio
1.500.360.22
Positive Months6.0018.0034.00
Negative Months6.0018.0026.00
Worst Month-3.34-11.96-11.96
World Regions
No Data Available
Stock Sector Weighting
No Data Available
Top 10 Holdings
HoldingSectorCountry% of Assets
JPM USD Liquidity LVNAV X (dist.) 31/12/2049Luxembourg4.23
Brazil (Federative Republic) 15/08/2022Brazil2.67
Indonesia (Republic of) 9% 15/03/2029Indonesia2.56
Ministerio de Hacienda y Credito Publico 5.75% 03/11/2027Colombia2.32
Indonesia (Republic of) 8.375% 15/09/2026Indonesia2.18
Russian Federation 5.7% 17/05/2028Russia1.83
Chile (Republic of) 4.5% 01/03/2026Chile1.81
South Africa (Republic of) 8.25% 31/03/2032South Africa1.79
Secretaria Tesouro Nacional 10% 01/01/2025Brazil1.73
Egypt (Arab Republic of) 14.483% 06/04/2026Egypt1.54
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Fixed Income Style
Large
Interest Rate Sensitivity
Mid
Small
Value
Blend
Growth
Credit Quality
$
17.23
Closing Price
All key information and documents must be reviewed before being able to Invest.

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MeDirect Bank (Malta) plc, company registration number C34125, is licensed to undertake the business of banking in terms of the Banking Act (Cap. 371) and investment services under the Investment Services Act (Cap. 370). MeDirect Bank (Malta) plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994.