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 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 B Performance comparison. The Sub-Fund may bear little resemblance to the benchmark. B Basis for relative VaR calculations. 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 dominated 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. Other investment exposures Up to 5% in contingent convertible bonds. Derivatives Used for: investment purposes; hedging; efficient portfolio management. Types: see Sub-Fund Derivatives Usage table under How the Sub-Funds Use Derivatives, Instruments and Techniques in the Prospectus. TRS including CFD: none. Global exposure calculation method: relative VaR. Expected level of leverage from derivatives: 350% indicative only. Leverage may significantly exceed this level from time to time. Currencies Sub-Fund Base Currency: USD. Currencies of asset denomination: any. Hedging approach: flexible. Redemption and Dealing Shares of the Sub-Fund may be redeemed on demand, with dealing normally on a daily basis. Distribution Policy This Share Class does not pay dividends. Earned income is retained in the NAV. For an explanation of some of the terms used in this document, please visit the glossary on our website at 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 03/12/202017.69
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)1,828.33 USD (30/11/2020)
UCITSYes
AdministratorJPMorgan Asset Management (Europe) S.à r.l.

Documents

Prospectus
en 21/10/2020
Annual Report
en 30/06/2020
Semi Annual Report
en 31/12/2019
Morningstar Report
04/12/2020

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 year4.15%02/12/2020
3 years1.85%02/12/2020
5 years4.32%02/12/2020
10 years0.09%02/12/2020
Since launch1.39%02/12/2020
Cumulative performance in USD
Performance
YTD 01/01/20200.23
1 month7.27
3 months5.53
6 months6.55
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-15.53%9.32%-0.19%-
20193.01%5.11%-0.71%4.53%
20184.25%-11.54%-1.41%1.17%
20176.67%3.35%3.12%0.47%
201610.14%1.50%1.87%-6.25%
Dividend

Asset Allocation
% Long% Short% Net Assets
Stock0.00%0.00%0.00%
Bond98.03%0.23%97.80%
Cash5.61%3.41%2.20%
Other0.00%0.00%0.00%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
17.4213.2712.23
Sharpe Ratio
0.250.060.30
Sortino Ratio
0.340.090.43
Positive Months6.0018.0035.00
Negative Months6.0018.0025.00
Worst Month-11.96-11.96-11.96
World Regions
No Data Available
Stock Sector Weighting
No Data Available
Top 10 Holdings
HoldingSectorCountry% of Assets
Indonesia (Republic of) 9% 15/03/2029Indonesia3.81
Republic of Chile 4.5% 01/03/2026Chile3.33
Republic of Colombia 6% 28/04/2028Colombia2.67
Brazil (Federative Republic) 15/08/2022Brazil2.63
Indonesia (Republic of) 8.38% 15/09/2026Indonesia1.90
India (Republic of) 5.22% 15/06/2025India1.80
Republic of South Africa 8.25% 31/03/2032South Africa1.68
Secretaria Tesouro Nacional 10% 01/01/2025Brazil1.66
Hungary (Republic Of) 1% 26/11/2025Hungary1.60
Thailand (Kingdom Of) 3.78% 25/06/2032Thailand1.58
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
$
17.69
Closing Price
All key information and documents must be reviewed before being able to Invest.