JPMorgan Fund ICVC Europe Dynamic (ex-UK) Class C - Net Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/09/20 to 30/09/21 |
30/09/21 to 30/09/22 |
30/09/22 to 30/09/23 |
30/09/23 to 30/09/24 |
30/09/24 to 30/09/25 |
|
|---|---|---|---|---|---|
| Fund | 31.4% | -9.6% | 15.4% | 15.7% | 21.4% |
| Sector | 22.4% | -16.1% | 18.7% | 14.6% | 12.1% |
| Rank | 18/126 | 12/133 | 108/134 | 69/135 | 16/136 |
| Quartile | 1 | 1 | 4 | 3 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/09/25 |
5 Years to 30/09/25 |
10 Years to 30/09/25 |
||
| Fund | 17.4% | 14.0% | 10.7% | |
| Sector | 15.1% | 9.4% | 9.3% | |
| Rank | 41/134 | 15/126 | 19/101 | |
| Quartile | 2 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| NOVARTIS AG | 3.84 |
| BANCO SANTANDER S.A. | 3.54 |
| ROCHE HOLDING AG | 3.13 |
| SIEMENS AKTIENGESELLSCHAFT | 2.98 |
| ALLIANZ SE | 2.71 |
| SAFRAN | 2.67 |
| UNICREDIT SOCIETA' PER AZIONI | 2.67 |
| DEUTSCHE TELEKOM AG | 2.54 |
| ASML HOLDING N.V. | 2.52 |
| PROSUS N.V. | 1.91 |
| Total | 28.50 |
Fund Aims
To maximise long-term capital growth by investing primarily in continental European equities.
Fund Manager
Alexander Whyte, Vice President, is a portfolio manager within the Unconstrained portfolios sub-team of the J.P. Morgan Asset Management International Equity Group – Behavioural Finance Team. Alex has been an employee since September 2013 having joined the firm as a graduate trainee. Alex obtained a BA and MEng in Mechanical Engineering from the University of Cambridge and is a CFA Charterholder
Jon Ingram, Managing Director, is Head of the Unconstrained portfolios sub-team within the J.P. Morgan Asset Management International Equity Group – Behavioural Finance Team. An employee since 2000, Jon has been a portfolio manager since 2005. Prior to being a portfolio manager, Jon was an analyst within the Unconstrained portfolios sub-team. Prior to this, he was a quantitative investment analyst in the Currency Group. He obtained an M.Eng in Metallurgy and Science of Materials from Oxford University, and is a CFA charterholder.
Blake Crawford, Executive Director, is a portfolio manager within the Unconstrained portfolios sub-team of the J.P. Morgan Asset Management International Equity Group – Behavioural Finance Team. An employee since 2008, Blake previously worked at Man Investments and the Bank of England. Blake obtained a BSc in Economics from the University of Bath, is a holder of the Investment Management Certificate and is a CFA charterholder.
Fund Overview
| Mid (21/10/2025) | 450.90p |
| Historic yield | 1.48% |
| Fund size (31/08/2025) | £769.33m |
| Number of holdings | 285 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.85% |
| Launch date | 08/10/2012 |
Asset Allocation
| International Equities | 94.75% | |
| Cash and Equivalents | 2.93% | |
| Alternative Trading Strategies | 0.84% | |
| International Bonds | 0.04% | |
| Other Assets | 1.43% |
Important Information
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 ongoing charges, but take no account of product charges. Ongoing charges 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 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.
Asset Allocation
| International Equities | 94.75% | |
| Cash and Equivalents | 2.93% | |
| Alternative Trading Strategies | 0.84% | |
| International Bonds | 0.04% | |
| Other Assets | 1.43% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 19.10% | - | - | - | |
| Industrial Goods & Services | - | 16.31% | - | - | |
| Aerospace & Defence | - | - | 5.28% | - | |
| Aerospace | - | - | - | 4.13% | |
| Defense | - | - | - | 1.15% | |
| Electronic & Electrical Equipment | - | - | 3.10% | - | |
| Electronic Equipment: Other | - | - | - | 2.29% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.82% | |
| General Industrials | - | - | 2.98% | - | |
| Diversified Industrials | - | - | - | 2.98% | |
| Industrial Transportation | - | - | 2.37% | - | |
| Commercial Vehicles & Parts | - | - | - | 2.37% | |
| Industrial Support Services | - | - | 1.41% | - | |
| Industrial Suppliers | - | - | - | 1.41% | |
| Industrial Engineering | - | - | 1.17% | - | |
| Machinery: Industrial | - | - | - | 1.17% | |
| Construction & Materials | - | 2.78% | - | - | |
| Construction & Materials | - | - | 2.78% | - | |
| Engineering & Contracting Services | - | - | - | 2.05% | |
| Building Materials: Other | - | - | - | 0.74% | |
| Financials | 17.83% | - | - | - | |
| Banks | - | 9.84% | - | - | |
| Banks | - | - | 9.84% | - | |
| Banks | - | - | - | 9.84% | |
| Insurance | - | 5.46% | - | - | |
| Non-life Insurance | - | - | 5.46% | - | |
| Full Line Insurance | - | - | - | 5.46% | |
| Financial Services | - | 2.53% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.53% | - | |
| Asset Managers & Custodians | - | - | - | 1.42% | |
| Investment Services | - | - | - | 1.10% | |
| Health Care | 15.69% | - | - | - | |
| Health Care | - | 15.69% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 13.45% | - | |
| Pharmaceuticals | - | - | - | 11.64% | |
| Biotechnology | - | - | - | 1.81% | |
| Health Care Providers | - | - | 1.81% | - | |
| Health Care Facilities | - | - | - | 0.97% | |
| Health Care: Misc. | - | - | - | 0.84% | |
| Medical Equipment & Services | - | - | 0.44% | - | |
| Medical Equipment | - | - | - | 0.44% | |
| Technology | 10.42% | - | - | - | |
| Technology | - | 10.42% | - | - | |
| Technology Hardware & Equipment | - | - | 5.42% | - | |
| Production Technology Equipment | - | - | - | 2.52% | |
| Semiconductors | - | - | - | 1.67% | |
| Computer Hardware | - | - | - | 1.23% | |
| Software & Computer Services | - | - | 5.00% | - | |
| Software | - | - | - | 2.38% | |
| Consumer Digital Services | - | - | - | 1.91% | |
| Computer Services | - | - | - | 0.71% | |
| Consumer Discretionary | 8.16% | - | - | - | |
| Consumer Products & Services | - | 4.43% | - | - | |
| Household Goods & Home Construction | - | - | 2.19% | - | |
| Home Construction | - | - | - | 2.19% | |
| Personal Goods | - | - | 1.34% | - | |
| Clothing & Accessories | - | - | - | 1.34% | |
| Leisure Goods | - | - | 0.90% | - | |
| Toys | - | - | - | 0.90% | |
| Automobiles & Parts | - | 1.45% | - | - | |
| Automobiles & Parts | - | - | 1.45% | - | |
| Tires | - | - | - | 1.45% | |
| Retail | - | 1.36% | - | - | |
| Retailers | - | - | 1.36% | - | |
| Specialty Retailers | - | - | - | 0.86% | |
| Diversified Retailers | - | - | - | 0.32% | |
| Apparel Retailers | - | - | - | 0.18% | |
| Travel & Leisure | - | 0.91% | - | - | |
| Travel & Leisure | - | - | 0.91% | - | |
| Casinos & Gambling | - | - | - | 0.79% | |
| Restaurants & Bars | - | - | - | 0.12% | |
| Energy | 7.73% | - | - | - | |
| Energy | - | 7.73% | - | - | |
| Non-Renewable Energy | - | - | 6.33% | - | |
| Oil Equipment & Services | - | - | - | 3.75% | |
| Integrated Oil & Gas | - | - | - | 1.47% | |
| Oil Refining and Marketing | - | - | - | 1.10% | |
| Renewable Energy | - | - | 1.41% | - | |
| Renewable Energy Equipment | - | - | - | 1.41% | |
| Basic Materials | 5.09% | - | - | - | |
| Chemicals | - | 5.09% | - | - | |
| Chemicals | - | - | 5.09% | - | |
| Specialty Chemicals | - | - | - | 4.10% | |
| Chemicals: Diversified | - | - | - | 0.98% | |
| Consumer Staples | 4.90% | - | - | - | |
| Food, Beverage & Tobacco | - | 4.90% | - | - | |
| Beverages | - | - | 3.55% | - | |
| Brewers | - | - | - | 2.47% | |
| Distillers & Vintners | - | - | - | 1.08% | |
| Food Producers | - | - | 1.35% | - | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.82% | |
| Food Products | - | - | - | 0.53% | |
| Utilities | 3.30% | - | - | - | |
| Utilities | - | 3.30% | - | - | |
| Gas, Water & Multi-utilities | - | - | 3.30% | - | |
| Multi-Utilities | - | - | - | 3.30% | |
| Cash and Equivalents | 2.93% | - | - | - | |
| Telecommunications | 2.54% | - | - | - | |
| Telecommunications | - | 2.54% | - | - | |
| Telecommunications Service Providers | - | - | 2.54% | - | |
| Telecommunications Services | - | - | - | 2.54% | |
| Non-Classified | 1.43% | - | - | - | |
| Alternative Trading Strategies | 0.84% | - | - | - | |
| Alternative Trading Strategies | - | 0.84% | - | - | |
| Alternative Trading Strategies | - | - | 0.84% | - | |
| Alternative Trading Strategies | - | - | - | 0.84% | |
| Bonds | 0.04% | - | - | - | |
Regional Allocation
| Developed Europe - Excl UK | 94.75% | |
| Cash and Equivalents | 2.93% | |
| Non-Classified | 2.27% | |
| North America | 0.03% | |
| Australia & New Zealand | 0.01% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.67% | |
| Cash | 0.28% | |
| Euro | 0.04% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 94.75% | - | |
Germany
|
- | 25.21% | |
France
|
- | 16.83% | |
Switzerland
|
- | 12.03% | |
Netherlands
|
- | 9.97% | |
Spain
|
- | 6.47% | |
Italy
|
- | 5.83% | |
Denmark
|
- | 4.20% | |
Sweden
|
- | 3.60% | |
Finland
|
- | 3.34% | |
Norway
|
- | 2.57% | |
Ireland
|
- | 2.19% | |
Portugal
|
- | 1.06% | |
Austria
|
- | 1.00% | |
Belgium
|
- | 0.46% | |
| Cash and Equivalents | 2.93% | - | |
| Non-Classified | 2.27% | - | |
| North America | 0.03% | - | |
Canada
|
- | 0.03% | |
| Australia & New Zealand | 0.01% | - | |
Australia
|
- | 0.01% | |
Breakdown By Market Cap (%)
| Mega |
|
45.08% |
| Large |
|
19.21% |
| Medium |
|
12.72% |
| Small |
|
5.77% |
| Micro |
|
3.31% |
| Non-Classified |
|
10.93% |
| Bonds |
|
0.04% |
| Cash |
|
2.93% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | NOVARTIS AG | 3.84% | Pharmaceuticals & Biotechnology | Switzerland |
| 2 | BANCO SANTANDER S.A. | 3.54% | Banks | Spain |
| 3 | ROCHE HOLDING AG | 3.13% | Pharmaceuticals & Biotechnology | Switzerland |
| 4 | SIEMENS AKTIENGESELLSCHAFT | 2.98% | General Industrials | Germany |
| 5 | ALLIANZ SE | 2.71% | Non-life Insurance | Germany |
| 6 | SAFRAN | 2.67% | Aerospace & Defence | France |
| 7 | UNICREDIT SOCIETA' PER AZIONI | 2.67% | Banks | Italy |
| 8 | DEUTSCHE TELEKOM AG | 2.54% | Telecommunications Service Providers | Germany |
| 9 | ASML HOLDING N.V. | 2.52% | Technology Hardware & Equipment | Netherlands |
| 10 | PROSUS N.V. | 1.91% | Software & Computer Services | Netherlands |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 10.42% | - | - | - | - | - | - | 10.42% |
| Telecommunications | - | 2.54% | - | - | - | - | - | - | 2.54% |
| Financials | - | 17.83% | - | - | - | - | - | - | 17.83% |
| Consumer Discretionary | - | 8.16% | - | - | - | - | - | - | 8.16% |
| Consumer Staples | - | 4.90% | - | - | - | - | - | - | 4.90% |
| Energy | - | 7.73% | - | - | - | - | - | - | 7.73% |
| Utilities | - | 3.30% | - | - | - | - | - | - | 3.30% |
| Health Care | - | 15.69% | - | - | - | - | - | - | 15.69% |
| Industrials | - | 19.10% | - | - | - | - | - | - | 19.10% |
| Basic Materials | - | 5.09% | - | - | - | - | - | - | 5.09% |
| Cash and Equivalents | - | - | - | - | - | - | - | 2.93% | 2.93% |
| Bonds | - | - | - | 0.04% | - | - | - | - | 0.04% |
| Non-Classified | - | - | - | - | - | - | 2.27% | - | 2.27% |
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.
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 | B845HL6 |
| Mex Code | C5EDNA |
| Isin Code | GB00B845HL62 |
| Citi Code | GPUK |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.85% |
Aims and Benchmark
| Aims | To maximise long-term capital growth by investing primarily in continental European equities. |
| Benchmark | FTSE All-World Developed Europe ex UK Index Net |
| Benchmark Category | - |
| IA Sector | Europe Excluding UK |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | ICVC |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 February | 30 April |
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 | The National Westminster Bank plc |
| Fund Administrator | Internal |
| Fund Registrar | Internal |
| Fund Custodian | Internal |
Group Details
| Group name | JPMorgan Fund ICVC |
| Group address | JPMorgan Fund ICVC |
| Group telephone | 1234567891 |
| Dealing telephone | - |
| - | |
| Homepage | www.JPMAM.com |
| Fax number | - |
Dealing
| Minimum Investment | £5000000 |
| Minimum Top Up | £100000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
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. 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 | 4.82 |
| Beta | 0.87 |
| Sharpe | 1.44 |
| Standard Deviation | 9.65 |
| Info Ratio | 0.73 |
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 | No |
| 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 | No |
| 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.
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.
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. 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
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 ongoing charges, but take no account of product charges. Ongoing charges 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 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.