JPMorgan Investment Funds - Global Income Fund A (dist) - EUR
JPMorgan Investment Funds (SICAV domiciled in Luxembourg)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: SICAV

To provide regular income by investing primarily in a portfolio of income generating securities, globally, and through the use of derivatives. Investment approach B Multi-asset approach, leveraging specialists from around JPMorgan Asset Management's global investment platform, with a focus on risk-adjusted income. B Flexible implementation of the managers’ allocation views at asset class and regional level. Share Class Benchmark 40% Bloomberg Barclays US High Yield 2% Issuer Cap Index (Total Return Gross) Hedged to EUR / 35% MSCI World Index (Total Return Net) Hedged to EUR / 25% Bloomberg Barclays Global Credit Index (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. Though the majority of its holdings (excluding derivatives) are likely to be components of the benchmark, the Investment Manager has broad discretion to deviate from its securities, weightings and risk characteristics. The degree to which the Sub-Fund may resemble the composition and risk characteristics of the benchmark will vary over time and its performance may be meaningfully different. POLICIES Main investment exposure Primarily invests in debt securities (including MBS/ ABS), equities and real estate investment trusts (REITs) from issuers anywhere in the world, including emerging markets. The Sub-Fund is expected to invest between 5% and 25% of its assets in MBS/ ABS of any credit quality. MBS which may be agency (issued by quasi US government agencies) and non-agency (issued by private institutions) refers to debt securities that are backed by mortgages, including residential and commercial mortgages, and ABS refers to those that are backed by other types of assets such as credit card debt, car loans, consumer loans and equipment leases. The Sub-Fund may invest in below investment grade and unrated securities. The Sub-Fund may invest in China A-Shares via the China-Hong Kong Connect Programmes, and in convertible securities and currencies. Dividends are not guaranteed given that returns to investors will vary from year to year depending on dividends paid and capital returns, which could be negative. Other investment exposures Up to 3% in contingent convertible bonds. Derivatives Used for: investment purposes; hedging; efficient portfolio management. Types: see Sub-Fund Derivative 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: 150% indicative only. Leverage may significantly exceed this level from time to time. Currencies Sub-Fund Base Currency: EUR. 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.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Neutral
Neutral
Risk and reward profile
4
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 18/09/202098.33
Morningstar categoryEUR Moderate Allocation - Global
CurrencyEUR
Distribution statusDistributing
ISINLU0840466477
Inception Date24/01/2013
Minimum initial amount500.00 EUR
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.40% 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 NameMichael Schoenhaut
Manager Start Date11/12/2008
Websitehttp://www.jpmorganassetmanagement.com
Total Net Assets (mil)24,200.43 EUR (31/08/2020)
UCITSYes
AdministratorJ.P. Morgan Bank Luxembourg S.A.

Documents

Prospectus
en 01/07/2020
Annual Report
en 31/12/2019
Semi Annual Report
en 30/06/2020
Morningstar Report
19/09/2020

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 year-2.35%17/09/2020
3 years0.39%17/09/2020
5 years2.12%17/09/2020
Since launch2.93%17/09/2020
Cumulative performance in EUR
Performance
YTD 01/01/2020-3.90
1 month0.30
3 months2.78
6 months13.46
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-14.61%7.90%--
20196.10%1.89%1.00%1.43%
2018-2.91%0.30%0.92%-5.53%
20172.27%1.10%1.17%1.85%
2016-0.31%1.85%3.32%0.68%
Dividend
Date ex dividendGross dividendPayment Date
08/03/20193.1622/03/2019
08/03/20182.8522/03/2018
08/03/20174.5922/03/2017
14/03/20164.0930/03/2016
16/03/20154.1630/03/2015
14/03/20143.2528/03/2014

Asset Allocation
% Long% Short% Net Assets
Stock30.51%0.00%30.51%
Bond55.88%0.02%55.86%
Cash8.96%1.06%7.90%
Other5.74%0.00%5.74%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
14.249.007.76
Sharpe Ratio
-0.050.130.35
Sortino Ratio
-0.060.160.44
Positive Months10.0022.0035.00
Negative Months2.0014.0025.00
Worst Month-11.64-11.64-11.64
World Regions
Region%
United States12.95
Eurozone4.43
United Kingdom2.55
Asia - Developed2.51
Asia - Emerging2.26
Europe - ex Euro1.98
Japan1.53
Canada0.66
Australasia0.57
Europe - Emerging0.46
Latin America0.38
Africa0.12
Middle East0.10
Stock Sector Weighting
Sector% of Equity
Real Estate6.41
Financial Services3.83
Utilities3.36
Consumer Defensive
2.94
Technology2.87
Healthcare2.85
Industrials2.38
Communication Services1.67
Consumer Cyclical
1.64
Basic Materials1.27
Energy1.05
Top 10 Holdings
HoldingSectorCountry% of Assets
JPM USD Liquidity LVNAV X (dist.) 31/12/2049Luxembourg3.47
Credit Suisse AG London Branch 20/11/2020Switzerland2.04
Taiwan Semiconductor Manufacturing Co Ltd ADR TechnologyTaiwan0.74
Prologis Inc Real EstateUnited States0.68
Roche Holding AG Dividend Right Cert. HealthcareSwitzerland0.56
Coca-Cola Co Consumer DefensiveUnited States0.54
United States Treasury Notes 2.5% 31/01/2021United States0.51
Verizon Communications Inc Communication ServicesUnited States0.50
Merck & Co Inc HealthcareUnited States0.47
AbbVie Inc HealthcareUnited States0.43
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
98.33
Closing Price
All key information and documents must be reviewed before being able to Invest.