Prudential JP Morgan Natural Resources S4

Essentials Portfolio Analysis Background Data Investment Risk Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

31/07/17
to
31/07/18
31/07/18
to
31/07/19
31/07/19
to
31/07/20
31/07/20
to
31/07/21
31/07/21
to
31/07/22
Fund 13.1% -0.1% -15.5% 27.4% 20.9%
Sector 4.9% 9.8% -1.0% 8.8% 2.3%
Rank 15/31 24/31 20/31 14/31 13/31
Quartile 2 4 3 2 2

Annualised performance

Annualised
3 Years to
31/07/22
5 Years to
31/07/22
10 Years to
31/07/22
Fund 9.2% 8.0% 1.7%
Sector 3.3% 4.9% 0.9%
Rank 11/31 12/31 11/29
Quartile 2 2 2

Top 10 Holdings

Stock % Weight
SHELL 5.85
CHEVRON CORP 5.16
NEWMONT CORPORATION 5.00
RIO TINTO 4.96
TOTAL SE 4.83
FREEPORT-MCMORAN INC 4.73
EXXON MOBIL CORP 4.50
BHP GROUP 4.33
FRANCO NEVADA CORP 3.65
HESS CORP 3.32
Total 46.33

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the JP Morgan Natural Resources Fund - the underlying fund.

Underlying Fund Objective: The fund aims to provide capital growth over the long term by investing primarily in the shares of companies throughout the world engaged in the production and marketing of commodities.

Fund Manager

Christopher Korpan manager of the underlying fund for 5 years and 6 months

Photo of Christopher Korpan ​Christopher Korpan, Executive Director, is a global sector specialist in the J.P. Morgan Asset Management International Equity Group – Global Specialist Team, based in London. An employee since 2010, he specializes in Natural Resources, within the materials sector. Before joining J.P. Morgan, he worked as a business analyst at Lundin Mining Corporation and as a geologist at Bema Gold Corporation. Christopher obtained an MSc in Metals and Energy Finance from Imperial College London and a BSc Geology (Hons) from Edinburgh University, and is a CFA charterholder.

Neil Gregson manager of the underlying fund for 10 years and 6 months

Photo of Neil Gregson Neil Gregson, Managing Director, is a portfolio manager in the J.P. Morgan Asset Management International Equity Group – Global Specialist Team, based in London, and is a member of the team responsible for global natural resources mandates. Neil joined the team in September 2010 from CQS Asset Management where he was a Senior Portfolio Manager and Head of the Long-Only Business, with particular focus on the natural resources sector. Prior to this, Neil was the head of Emerging Markets at Credit Suisse Asset Management where he managed gold and resource equity funds. Neil began his career holding various positions at mining and resource companies, including a role as a mining investment analyst at South African company Gold Fields. He is a qualified mining engineer and holds a BSc in Mining Engineering from Nottingham University.

Fund Overview

Bid (12/08/2022) 179.90
Offer (12/08/2022) 189.30
Fund size (30/06/2022) £1.58m
Underlying Fund size £937.13m
Number of holdings 192
Launch date 20/10/2008

Fund Charges

Annual Management Charge (AMC) 1.85%
Further Costs 0.08%
Yearly Total 1.93%

Asset Allocation

pie chart
  International Equities 80.15%
  UK Equities 8.26%
  Alternative Trading Strategies 0.67%
  Cash and Equivalents 0.44%
  International Bonds 0.05%
  UK Corporate Bonds 0.01%
  Other Assets 10.43%
Portfolio data accurate as at: 30/06/22

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. 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 can go down as well as up and the amount your client gets back may be less than they put in.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. 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 information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 80.15%
  UK Equities 8.26%
  Alternative Trading Strategies 0.67%
  Cash and Equivalents 0.44%
  International Bonds 0.05%
  UK Corporate Bonds 0.01%
  Other Assets 10.43%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Energy 44.73% - - -
 
Energy - 44.73% - -
 
Non-Renewable Energy - - 44.73% -
 
Integrated Oil & Gas - - - 20.67%
 
Oil: Crude Producers - - - 12.08%
 
Pipelines - - - 5.89%
 
Offshore Drilling & Other Services - - - 3.32%
 
Oil Refining and Marketing - - - 2.77%
 
Basic Materials 43.64% - - -
 
Basic Resources - 43.64% - -
 
Industrial Metals & Mining - - 30.75% -
 
General Mining - - - 19.76%
 
Copper - - - 5.31%
 
Iron & Steel - - - 2.61%
 
Aluminum - - - 1.90%
 
Nonferrous Metals - - - 1.17%
 
Precious Metals & Mining - - 12.89% -
 
Gold Mining - - - 11.47%
 
Platinum & Precious Metals - - - 1.42%
 
Non-Classified 10.43% - - -
 
Alternative Trading Strategies 0.67% - - -
 
Alternative Trading Strategies - 0.67% - -
 
Alternative Trading Strategies - - 0.67% -
 
Alternative Trading Strategies - - - 0.67%
 
Cash and Equivalents 0.44% - - -
 
Bonds 0.06% - - -
 
Utilities 0.03% - - -
 
Utilities - 0.03% - -
 
Electricity - - 0.03% -
 
Alternative Electricity - - - 0.03%

Regional Allocation

pie chart
  North America 57.06%
  Non-Classified 11.09%
  Australia & New Zealand 10.18%
  Developed Europe - Excl UK 10.12%
  UK 8.27%
  Middle East & Africa 1.67%
  South & Central America 1.17%
  Cash and Equivalents 0.44%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 99.80%
  Cash 0.15%
  Pound Sterling 0.06%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 57.06% -
 
United States - 38.53%
 
Canada - 18.53%
 
Non-Classified 11.09% -
 
Australia & New Zealand 10.18% -
 
Australia - 10.18%
 
Developed Europe - Excl UK 10.12% -
 
France - 4.83%
 
Norway - 3.85%
 
Austria - 0.74%
 
Luxembourg - 0.64%
 
Sweden - 0.06%
 
UK 8.27% -
 
United Kingdom - 8.27%
 
Middle East & Africa 1.67% -
 
South Africa - 1.67%
 
South & Central America 1.17% -
 
Mexico - 1.17%
 
Cash and Equivalents 0.44% -

Breakdown By Market Cap (%)

Mega
 
 
38.89%
Large
 
 
33.52%
Medium
 
 
7.10%
Small
 
 
0.16%
Non-Classified
 
 
19.82%
Bonds
 
 
0.06%
Cash
 
 
0.44%

Top 10 Holdings

Stock % Weight Sector Country
1 SHELL 5.85% Non-Renewable Energy Non-Classified
2 CHEVRON CORP 5.16% Non-Renewable Energy United States
3 NEWMONT CORPORATION 5.00% Precious Metals & Mining United States
4 RIO TINTO 4.96% Industrial Metals & Mining United Kingdom
5 TOTAL SE 4.83% Non-Renewable Energy France
6 FREEPORT-MCMORAN INC 4.73% Industrial Metals & Mining United States
7 EXXON MOBIL CORP 4.50% Non-Renewable Energy United States
8 BHP GROUP 4.33% Industrial Metals & Mining Australia
9 FRANCO NEVADA CORP 3.65% Precious Metals & Mining Canada
10 HESS CORP 3.32% Non-Renewable Energy United States

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Energy - 44.73% - - - - 6.94% - 51.67%
Utilities - 0.03% - - - - - - 0.03%
Basic Materials 8.26% 35.39% - - - - 0.83% - 44.48%
Cash and Equivalents - - - - - - - 0.44% 0.44%
Bonds - - 0.01% 0.05% - - - - 0.06%
Non-Classified - - - - - - 3.32% - 3.32%

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

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. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. 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 information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code B3BW533
Mex Code PUJPNT
Isin Code GB00B3BW5336
Citi Code D8X9

Fund Charges

Annual Management Charge (AMC) 1.85%
Further Costs 0.08%
Yearly Total 1.93%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the JP Morgan Natural Resources Fund - the underlying fund. Underlying Fund Objective: The fund aims to provide capital growth over the long term by investing primarily in the shares of companies throughout the world engaged in the production and marketing of commodities.
Benchmark Euromoney Global Mining, Gold & Energy
Sector ABI Commodity/Energy

Ratings

FE Crown Crown Rating of 4

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Charges and further costs 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. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. 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 information or make any warranties regarding results from its usage.

Risk Analysis

Ratio Value
Alpha 6.27
Beta 0.96
Sharpe 0.23
Standard Deviation 24.59
Info Ratio 0.52

Risk Factors

Risk Factor Yes / No
Charges to Capital No
Emerging Markets Yes
Concentrated Portfolio No
Smaller Companies Yes
High Yield Bonds No
Sector Specific Yes
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property No
Exchange Rate Yes
Higher Risk Yes
Performance Charges No
Derivative Exposure No
Offshore No
Income Eroding Capital Growth No
Umbrella Liabilities Yes
New Fund No
Solvency of Depository No
Solvency of Bond Issuers No
Ethical Restrictions No
Liquidity Yes
Returns Are Not Guaranteed Yes
Inflation Yes
Taxation and Tax Relief Yes

Fund Specific Risks

Emerging Markets

The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.

Smaller Companies

The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.

Sector Specific

The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.

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.

Exchange Rate

This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.

Higher Risk

This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.

Umbrella Liabilities

If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.

Liquidity

This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.

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

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

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. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. 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 information or make any warranties regarding results from its usage.

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. 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 can go down as well as up and the amount your client gets back may be less than they put in.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. 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 information 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.