JPMorgan Investment Funds - Global Income Fund A (acc) - AUD (hedged)
Sub-fund of 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 AUD / 35% MSCI World Index (Total Return Net) Hedged to AUD / 25% Bloomberg Barclays Global Credit Index (Total Return Gross) Hedged to AUD 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 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 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. 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 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
N/A
More information about the calculation of the Morningstar Ratings
Bronze
Bronze
Risk and reward profile
4
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 11/12/201913.39
Morningstar categoryOther Allocation
CurrencyAUD
Distribution statusAccumulating
ISINLU1048319237
Inception Date03/04/2014
Minimum initial amount500.00 AUD
Fees And Charges
Entry feeNone
Purchase charge0.5% (subject to minimum)
Custody feeNone
Exit feeNone
Sale chargeNone
Ongoing charge1.45% of which none is paid by the Fund Manager 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)46,383.14 AUD (30/11/2019)
UCITSYes
AdministratorJ.P. Morgan Bank Luxembourg S.A.

Legal Documents

Prospectus
en 01/09/2019
Annual Report
en 31/12/2018
Semi Annual Report
en 30/06/2019
Morningstar Report
12/12/2019

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 AUD
PeriodAnnualised returnDate
1 year9.95%10/12/2019
3 years5.30%10/12/2019
5 years5.03%10/12/2019
Since launch5.24%10/12/2019
Cumulative performance in AUD
Performance
YTD 01/01/201911.51%
1 month0.30%
3 months1.06%
6 months3.08%
Quarterly Returns
Q 1Q 2Q 3Q 4
20196.67%2.42%1.45%-
2018-2.46%0.98%1.53%-4.92%
20172.86%1.77%1.74%2.52%
20160.00%2.52%3.83%1.32%
20154.36%-1.45%-3.87%2.68%
Dividend
No Data Available

Asset Allocation
% Long% Short% Net Assets
Stock30.64%0.09%30.55%
Bond56.14%0.03%56.10%
Cash9.50%0.31%9.19%
Other4.15%0.00%4.15%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
11.7810.6012.10
Sharpe Ratio
-0.070.15-0.03
Sortino Ratio
-0.110.23-0.05
Positive Months9.0024.0036.00
Negative Months3.0012.0024.00
Worst Month-2.44-2.54-3.27
World Regions
Region%
United States13.32
Eurozone6.11
United Kingdom2.87
Europe - ex Euro2.14
Asia - Developed1.51
Japan1.38
Asia - Emerging1.09
Canada0.77
Australasia0.52
Europe - Emerging0.35
Latin America0.33
Africa0.17
Middle East0.08
Stock Sector Weighting
Sector% of Equity
Real Estate7.24
Financial Services4.24
Healthcare3.04
Industrials2.48
Utilities2.39
Communication Services2.30
Consumer Defensive2.18
Technology1.97
Energy1.87
Consumer Cyclical1.77
Basic Materials1.09
Top 10 Holdings
HoldingSectorCountry% of Assets
JPM USD Liquidity LVNAV X (dist.) 31/12/2049Luxembourg5.46
Coca-Cola Co Consumer DefensiveUnited States0.65
Verizon Communications Inc Communication ServicesUnited States0.55
Taiwan Semiconductor Manufacturing Co Ltd ADR TechnologyTaiwan0.50
Novartis AG HealthcareSwitzerland0.48
Merck & Co Inc HealthcareUnited States0.48
Federal National Mortgage Association 3.5% 01/03/2048United States0.47
Prologis Inc Real EstateUnited States0.44
Federal Home Loan Mortgage Corporation 3.5% 01/12/2047United States0.43
Allianz SE Financial ServicesGermany0.41
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
A$
13.39
Closing Price
All key information and documents must be reviewed before being able to Invest.