Jupiter Corporate Bond Class I Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | 2.9% | 12.6% | -3.5% | -12.4% | 9.2% |
| Sector | 0.8% | 9.0% | -4.2% | -9.1% | 7.4% |
| Rank | 6/87 | 9/92 | 24/92 | 86/95 | 13/97 |
| Quartile | 1 | 1 | 2 | 4 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | -2.6% | 1.3% | 2.8% | |
| Sector | -2.2% | 0.5% | 2.5% | |
| Rank | 51/92 | 16/87 | 17/68 | |
| Quartile | 3 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| Long Gilt Mar 24 | 17.05 |
| Us 2Yr Note Mar 24 | 15.53 |
| GBPFWD FX CONTRACT31 JAN 2024 | 13.30 |
| GBPFWD FX CONTRACT31 JAN 2024 | 9.80 |
| ⅝% Treasury Gilt 2050 | 5.03 |
| FUTURES LIABILITY | 3.58 |
| FUTURES LIABILITY | 2.90 |
| European Investment Bank 4.625% 12/10/54 | 2.39 |
| Barclays Bank Plc 6.369% 31/01/31 | 1.61 |
| Royal Bank Of Canada 5% 24/01/28 | 1.59 |
| Total | 72.77 |
Fund Aims
At least 70% of the Fund is invested in fixed interest securities issued by companies based anywhere in the world. Up to 30% of the Fund may be invested in other assets, including open-ended funds (including funds managed by Jupiter and its associates), cash and near cash.
Fund Manager
The Jupiter Corporate Bond Fund is managed by Harry Richards and Adam Darling. Harry joined Jupiter in 2011. Adam joined Jupiter in 2015.
Fund Overview
| Mid (26/04/2024) | 69.33p |
| Distribution yield | 4.23% |
| Underlying yield | - |
| Fund size (31/12/2023) | £370.08m |
| Number of holdings | 173 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.49% |
| Launch date | 03/06/2013 |
Asset Allocation
| International Bonds | 42.57% | |
| UK Corporate Bonds | 33.24% | |
| UK Gilts | 6.48% | |
| Cash and Equivalents | 3.04% | |
| Other Assets | 14.68% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. You should refer to your client's policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage.
Asset Allocation
| International Bonds | 42.57% | |
| UK Corporate Bonds | 33.24% | |
| UK Gilts | 6.48% | |
| Cash and Equivalents | 3.04% | |
| Other Assets | 14.68% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 82.29% | - | - | - | |
| Non-Classified | 14.68% | - | - | - | |
| Cash and Equivalents | 3.04% | - | - | - | |
Regional Allocation
| UK | 39.72% | |
| Developed Europe - Excl UK | 27.97% | |
| Non-Classified | 20.17% | |
| North America | 8.58% | |
| Cash and Equivalents | 3.04% | |
| Australia & New Zealand | 0.52% |
Fixed Interest Currencies
| Pound Sterling | 53.62% | |
| Euro | 15.02% | |
| Non-Fixed Interest Assets | 14.68% | |
| US Dollar | 12.41% | |
| Cash | 3.04% | |
| Lari | 1.24% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 39.72% | - | |
United Kingdom
|
- | 39.72% | |
| Developed Europe - Excl UK | 27.97% | - | |
Luxembourg
|
- | 8.27% | |
France
|
- | 6.06% | |
Italy
|
- | 2.77% | |
Netherlands
|
- | 2.67% | |
Germany
|
- | 2.25% | |
Norway
|
- | 1.92% | |
Finland
|
- | 1.34% | |
Denmark
|
- | 1.06% | |
Spain
|
- | 0.93% | |
Ireland
|
- | 0.27% | |
Belgium
|
- | 0.25% | |
Sweden
|
- | 0.18% | |
| Non-Classified | 20.17% | - | |
| North America | 8.58% | - | |
United States
|
- | 6.99% | |
Canada
|
- | 1.59% | |
| Cash and Equivalents | 3.04% | - | |
| Australia & New Zealand | 0.52% | - | |
Australia
|
- | 0.52% | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
16.31% |
| 5Yr - 10Yr Maturity |
|
31.61% |
| 10Yr - 15Yr Maturity |
|
11.41% |
| > 15Yr Maturity |
|
22.96% |
| Cash And Equivalents |
|
3.04% |
| Unknown Maturity |
|
14.68% |
Fixed Interest Quality Profile
| AAA |
|
4.74% |
| AA |
|
7.37% |
| A |
|
12.28% |
| BBB |
|
36.72% |
| Sub-Investment Grade |
|
4.81% |
| Unknown Quality |
|
16.36% |
| Cash and Equivalents |
|
3.04% |
| Other Asset Types |
|
14.68% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | Long Gilt Mar 24 | 17.05% | Non-Classified | Non-Classified |
| 2 | Us 2Yr Note Mar 24 | 15.53% | Non-Classified | Non-Classified |
| 3 | GBPFWD FX CONTRACT31 JAN 2024 | 13.30% | Non-Classified | Non-Classified |
| 4 | GBPFWD FX CONTRACT31 JAN 2024 | 9.80% | Non-Classified | Non-Classified |
| 5 | ⅝% Treasury Gilt 2050 | 5.03% | Bonds | United Kingdom |
| 6 | FUTURES LIABILITY | 3.58% | Non-Classified | Non-Classified |
| 7 | FUTURES LIABILITY | 2.90% | Non-Classified | Non-Classified |
| 8 | European Investment Bank 4.625% 12/10/54 | 2.39% | Bonds | Luxembourg |
| 9 | Barclays Bank Plc 6.369% 31/01/31 | 1.61% | Non-Classified | Non-Classified |
| 10 | Royal Bank Of Canada 5% 24/01/28 | 1.59% | Bonds | Canada |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for investment professionals and is for information purposes only. You should refer to your client's policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B743QD8 |
| Mex Code | RWJUCR |
| Isin Code | GB00B743QD80 |
| Citi Code | FER7 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.49% |
Aims and Benchmark
| Aims | At least 70% of the Fund is invested in fixed interest securities issued by companies based anywhere in the world. Up to 30% of the Fund may be invested in other assets, including open-ended funds (including funds managed by Jupiter and its associates), cash and near cash. |
| Benchmark | iBoxx Sterling Corporates (All Maturities) |
| Benchmark Category | - |
| IA Sector | £ Corporate Bond |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | Interest |
| Distribution Payment Basis | Gross |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 December | 31 January |
| 01 March | 27 March |
| 01 June | 31 July |
| 01 September | 31 October |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | Northern Trust Global Services Limited |
| Fund Administrator | Northern Trust Global Services Limited |
| Fund Registrar | SS&C TECHNOLOGIES INC |
| Fund Custodian | The Northern Trust Company |
Group Details
| Group name | Jupiter Unit Trust Managers Limited |
| Group address | The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ |
| Group telephone | 020 3817 1063 |
| Dealing telephone | 0800 561 4000 |
| intermediary-sales-support@jupiteram.com | |
| Homepage | www.jupiteram.com |
| Fax number | 0800 561 4001 |
Dealing
| Minimum Investment | £5000000 |
| Minimum Top Up | £50000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. You should refer to your client's policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 0.18 |
| Beta | 1.13 |
| Sharpe | -0.01 |
| Standard Deviation | 10.23 |
| Info Ratio | -0.11 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | Yes |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
High Yield Bonds
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. You should refer to your client's policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund Performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. You should refer to your client's policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.