JPMorgan Funds - Emerging Markets Debt Fund A (mth) - EUR (hedged)
JPMorgan Funds (SICAV domiciled in Luxembourg)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: SICAV

To achieve a return in excess of the bond markets of emerging countries by investing primarily in emerging market debt securities, including corporate securities and securities issued in local currencies, 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 and sector allocation – with bottom-up security selection. Share Class Benchmark J.P. Morgan Emerging Market Bond Index Global Diversified (Total Return Gross) Hedged to EUR 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. These may include Brady bonds, Yankee bonds, government and corporate Eurobonds, and bonds and notes traded in domestic markets. 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. 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: 100% 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. This Share Class seeks to minimise the effect of exchange rate fluctuations between the Sub-Fund's Base Currency and the Share Class Currency. 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 normally pays a monthly dividend based on an estimate of the Sub-Fund's annual yield before deduction of annual fees.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
4
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 24/02/20208.44
Morningstar categoryGlobal Emerging Markets Bond - EUR Biased
CurrencyEUR
Distribution statusDistributing
ISINLU0356473255
Inception Date17/09/2008
Minimum initial amount500.00 EUR
Fees And Charges
Entry feeNone
Purchase charge0.5% (subject to minimum)
Custody feeNone
Exit feeNone
Sale chargeNone
Ongoing charge1.46% 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 NamePierre-Yves Bareau
Manager Start Date01/11/2009
Websitehttp://www.jpmorganassetmanagement.com
Total Net Assets (mil)2,842.54 EUR (31/01/2020)
UCITSYes
AdministratorJ.P. Morgan Bank Luxembourg S.A.

Documents

Prospectus
en 01/01/2020
Annual Report
en 30/06/2019
Semi Annual Report
en 31/12/2018
Morningstar Report
25/02/2020

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.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year7.23%24/02/2020
3 years2.26%24/02/2020
5 years3.01%24/02/2020
10 years4.95%24/02/2020
Since launch4.68%24/02/2020
Cumulative performance in EUR
Performance
YTD 01/01/20202.08%
1 month1.33%
3 months4.36%
6 months2.44%
Quarterly Returns
Q 1Q 2Q 3Q 4
2020----
20195.84%2.62%0.66%0.56%
2018-2.27%-4.87%1.31%-3.05%
20173.31%1.34%2.17%0.42%
20164.02%4.19%3.62%-4.12%
Dividend
Date ex dividendGross dividendPayment Date
08/01/20200.0415/01/2020
08/01/20190.0415/01/2019
09/01/20180.0517/01/2018
10/01/20170.0618/01/2017
08/01/20160.0519/01/2016
08/01/20150.0616/01/2015
08/01/20140.0616/01/2014
08/01/20130.0717/01/2013
09/01/20120.0717/01/2012
11/01/20110.0525/01/2011

Asset Allocation
% Long% Short% Net Assets
Stock0.00%0.00%0.00%
Bond99.01%0.00%99.01%
Cash3.10%2.29%0.81%
Other0.19%0.00%0.19%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
4.015.125.47
Sharpe Ratio
1.780.590.58
Sortino Ratio
5.681.000.94
Positive Months7.0020.0035.00
Negative Months5.0016.0025.00
Worst Month-1.06-2.67-4.36
World Regions
No Data Available
Stock Sector Weighting
No Data Available
Top 10 Holdings
HoldingSectorCountry% of Assets
Russian Federation 7.25% 10/05/2034Russia2.88
Turkey (Republic of) 5.6% 14/11/2024Turkey1.65
Petroleos Mexicanos 7.69% 23/01/2050Mexico1.23
Egypt (Arab Republic of) 7.05% 15/01/2032Egypt1.17
Angola (Republic of) 9.5% 12/11/2025Angola1.00
Ivory Coast Republic 6.88% 17/10/2040Cote d'Ivoire1.00
State of Qatar 4.82% 14/03/2049Qatar1.00
State of Qatar 4.5% 23/04/2028Qatar0.99
Serbia (Republic Of) 1.5% 26/06/2029Serbia0.98
Ukraine (Republic of) 7.75% 01/09/2023Ukraine0.95
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
8.44
Closing Price
All key information and documents must be reviewed before being able to Invest.