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
Closing Price 11/12/2019 | 13.39 |
Morningstar category | Other Allocation |
Currency | AUD |
Distribution status | Accumulating |
ISIN | LU1048319237 |
Inception Date | 03/04/2014 |
Minimum initial amount | 500.00 AUD |
Entry fee | None |
Purchase charge | 0.5% (subject to minimum) |
Custody fee | None |
Exit fee | None |
Sale charge | None |
Ongoing charge | 1.45% of which none is paid by the Fund Manager to MeDirect |
Address | JPMorgan Asset Management (Europe) S.à r.l. European Bank & Business Centre 6, route de Trèves Luxembourg L-2633 Luxembourg |
Manager Name | Michael Schoenhaut |
Manager Start Date | 11/12/2008 |
Website | http://www.jpmorganassetmanagement.com |
Total Net Assets (mil) | 46,383.14 AUD (30/11/2019) |
UCITS | Yes |
Administrator | J.P. Morgan Bank Luxembourg S.A. |
en 01/09/2019 |
en 01/01/2019 |
en 31/12/2018 |
en 30/06/2019 |
12/12/2019 |
Period | Annualised return | Date |
1 year | 9.95% | 10/12/2019 |
3 years | 5.30% | 10/12/2019 |
5 years | 5.03% | 10/12/2019 |
Since launch | 5.24% | 10/12/2019 |
Performance | |
YTD 01/01/2019 | 11.51% |
1 month | 0.30% |
3 months | 1.06% |
6 months | 3.08% |
Q 1 | Q 2 | Q 3 | Q 4 | |
2019 | 6.67% | 2.42% | 1.45% | - |
2018 | -2.46% | 0.98% | 1.53% | -4.92% |
2017 | 2.86% | 1.77% | 1.74% | 2.52% |
2016 | 0.00% | 2.52% | 3.83% | 1.32% |
2015 | 4.36% | -1.45% | -3.87% | 2.68% |
% Long | % Short | % Net Assets | |
Stock | 30.64% | 0.09% | 30.55% |
Bond | 56.14% | 0.03% | 56.10% |
Cash | 9.50% | 0.31% | 9.19% |
Other | 4.15% | 0.00% | 4.15% |
Risk Measurement | 1 Year | 3 Years | 5 Years |
Standard Deviation | 11.78 | 10.60 | 12.10 |
Sharpe Ratio | -0.07 | 0.15 | -0.03 |
Sortino Ratio | -0.11 | 0.23 | -0.05 |
Positive Months | 9.00 | 24.00 | 36.00 |
Negative Months | 3.00 | 12.00 | 24.00 |
Worst Month | -2.44 | -2.54 | -3.27 |
Region | % |
United States | 13.32 |
Eurozone | 6.11 |
United Kingdom | 2.87 |
Europe - ex Euro | 2.14 |
Asia - Developed | 1.51 |
Japan | 1.38 |
Asia - Emerging | 1.09 |
Canada | 0.77 |
Australasia | 0.52 |
Europe - Emerging | 0.35 |
Latin America | 0.33 |
Africa | 0.17 |
Middle East | 0.08 |
Sector | % of Equity |
Real Estate | 7.24 |
Financial Services | 4.24 |
Healthcare | 3.04 |
Industrials | 2.48 |
Utilities | 2.39 |
Communication Services | 2.30 |
Consumer Defensive | 2.18 |
Technology | 1.97 |
Energy | 1.87 |
Consumer Cyclical | 1.77 |
Basic Materials | 1.09 |
Holding | Sector | Country | % of Assets |
JPM USD Liquidity LVNAV X (dist.) 31/12/2049 | Luxembourg | 5.46 | |
Coca-Cola Co | Consumer Defensive | United States | 0.65 |
Verizon Communications Inc | Communication Services | United States | 0.55 |
Taiwan Semiconductor Manufacturing Co Ltd ADR | Technology | Taiwan | 0.50 |
Novartis AG | Healthcare | Switzerland | 0.48 |
Merck & Co Inc | Healthcare | United States | 0.48 |
Federal National Mortgage Association 3.5% 01/03/2048 | United States | 0.47 | |
Prologis Inc | Real Estate | United States | 0.44 |
Federal Home Loan Mortgage Corporation 3.5% 01/12/2047 | United States | 0.43 | |
Allianz SE | Financial Services | Germany | 0.41 |
Ranking | 1 Year | 2 Years | 3 Years | 5 Years |
Top 25% | ||||
Category above the average | ||||
Category below the average | ||||
Bottom 25% |
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Mid | ||||
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Value | Blend | Growth | ||
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