JPMorgan Fund ICVC Europe Dynamic (ex-UK) Class C - Net Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
30/11/24 to 30/11/25 |
|
|---|---|---|---|---|---|
| Fund | 21.8% | -1.4% | 8.6% | 8.0% | 28.9% |
| Sector | 14.9% | -6.0% | 8.8% | 6.6% | 20.1% |
| Rank | 17/130 | 35/136 | 100/137 | 64/138 | 18/141 |
| Quartile | 1 | 2 | 3 | 2 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/25 |
5 Years to 30/11/25 |
10 Years to 30/11/25 |
||
| Fund | 14.8% | 12.7% | 10.6% | |
| Sector | 11.7% | 8.5% | 9.0% | |
| Rank | 37/137 | 18/130 | 9/105 | |
| Quartile | 2 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ROCHE HOLDING AG | 4.01 |
| BANCO SANTANDER S.A. | 3.85 |
| NOVARTIS AG | 3.83 |
| ASML HOLDING N.V. | 3.40 |
| ALLIANZ SE | 2.68 |
| SAFRAN | 2.62 |
| MUNCHENER RUCKVERSICHERUNGS AG | 2.25 |
| DEUTSCHE TELEKOM AG | 2.18 |
| UNICREDIT SOCIETA' PER AZIONI | 2.13 |
| ENGIE | 2.01 |
| Total | 28.96 |
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 (17/12/2025) | 180.00p |
| Historic yield | 1.40% |
| Fund size (30/11/2025) | £718.68m |
| Number of holdings | 354 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.90% |
| Launch date | 08/10/2012 |
Asset Allocation
| International Equities | 95.58% | |
| Cash and Equivalents | 0.43% | |
| International Bonds | 0.17% | |
| Alternative Trading Strategies | 0.00% | |
| Other Assets | 3.81% |
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 investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 | 95.58% | |
| Cash and Equivalents | 0.43% | |
| International Bonds | 0.17% | |
| Alternative Trading Strategies | 0.00% | |
| Other Assets | 3.81% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 21.42% | - | - | - | |
| Banks | - | 11.92% | - | - | |
| Banks | - | - | 11.92% | - | |
| Banks | - | - | - | 11.92% | |
| Insurance | - | 7.64% | - | - | |
| Non-life Insurance | - | - | 7.64% | - | |
| Full Line Insurance | - | - | - | 5.39% | |
| Reinsurance | - | - | - | 2.25% | |
| Financial Services | - | 1.86% | - | - | |
| Investment Banking & Brokerage Services | - | - | 1.86% | - | |
| Investment Services | - | - | - | 1.19% | |
| Asset Managers & Custodians | - | - | - | 0.67% | |
| Health Care | 18.32% | - | - | - | |
| Health Care | - | 18.32% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 16.08% | - | |
| Pharmaceuticals | - | - | - | 13.43% | |
| Biotechnology | - | - | - | 2.65% | |
| Health Care Providers | - | - | 1.36% | - | |
| Health Care Facilities | - | - | - | 1.36% | |
| Medical Equipment & Services | - | - | 0.88% | - | |
| Medical Equipment | - | - | - | 0.88% | |
| Industrials | 11.44% | - | - | - | |
| Industrial Goods & Services | - | 8.52% | - | - | |
| Aerospace & Defence | - | - | 5.33% | - | |
| Aerospace | - | - | - | 4.22% | |
| Defense | - | - | - | 1.11% | |
| Industrial Transportation | - | - | 1.35% | - | |
| Commercial Vehicles & Parts | - | - | - | 1.35% | |
| Industrial Engineering | - | - | 1.08% | - | |
| Machinery: Construction & Handling | - | - | - | 0.58% | |
| Machinery: Specialty | - | - | - | 0.50% | |
| Electronic & Electrical Equipment | - | - | 0.77% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.77% | |
| Construction & Materials | - | 2.92% | - | - | |
| Construction & Materials | - | - | 2.92% | - | |
| Engineering & Contracting Services | - | - | - | 2.92% | |
| Technology | 10.65% | - | - | - | |
| Technology | - | 10.65% | - | - | |
| Software & Computer Services | - | - | 5.95% | - | |
| Computer Services | - | - | - | 2.21% | |
| Software | - | - | - | 2.03% | |
| Consumer Digital Services | - | - | - | 1.71% | |
| Technology Hardware & Equipment | - | - | 4.69% | - | |
| Production Technology Equipment | - | - | - | 3.40% | |
| Computer Hardware | - | - | - | 1.30% | |
| Consumer Discretionary | 10.61% | - | - | - | |
| Consumer Products & Services | - | 7.21% | - | - | |
| Personal Goods | - | - | 3.34% | - | |
| Luxury Items | - | - | - | 1.86% | |
| Clothing & Accessories | - | - | - | 1.48% | |
| Household Goods & Home Construction | - | - | 1.94% | - | |
| Home Construction | - | - | - | 1.94% | |
| Leisure Goods | - | - | 1.93% | - | |
| Recreational Products | - | - | - | 1.04% | |
| Toys | - | - | - | 0.89% | |
| Media | - | 1.23% | - | - | |
| Media | - | - | 1.23% | - | |
| Media Agencies | - | - | - | 1.23% | |
| Travel & Leisure | - | 1.13% | - | - | |
| Travel & Leisure | - | - | 1.13% | - | |
| Restaurants & Bars | - | - | - | 1.13% | |
| Automobiles & Parts | - | 1.03% | - | - | |
| Automobiles & Parts | - | - | 1.03% | - | |
| Auto Parts | - | - | - | 1.03% | |
| Energy | 7.42% | - | - | - | |
| Energy | - | 7.42% | - | - | |
| Non-Renewable Energy | - | - | 4.98% | - | |
| Oil Equipment & Services | - | - | - | 2.90% | |
| Integrated Oil & Gas | - | - | - | 1.50% | |
| Oil Refining and Marketing | - | - | - | 0.57% | |
| Renewable Energy | - | - | 2.44% | - | |
| Renewable Energy Equipment | - | - | - | 2.44% | |
| Consumer Staples | 5.58% | - | - | - | |
| Food, Beverage & Tobacco | - | 3.70% | - | - | |
| Beverages | - | - | 2.59% | - | |
| Brewers | - | - | - | 1.76% | |
| Distillers & Vintners | - | - | - | 0.83% | |
| Food Producers | - | - | 1.11% | - | |
| Food Products | - | - | - | 1.11% | |
| Personal Care, Drug & Grocery Stores | - | 1.88% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.88% | - | |
| Food Retailers & Wholesalers | - | - | - | 1.88% | |
| Basic Materials | 4.41% | - | - | - | |
| Chemicals | - | 4.41% | - | - | |
| Chemicals | - | - | 4.41% | - | |
| Specialty Chemicals | - | - | - | 3.61% | |
| Chemicals: Diversified | - | - | - | 0.80% | |
| Non-Classified | 3.81% | - | - | - | |
| Utilities | 3.57% | - | - | - | |
| Utilities | - | 3.57% | - | - | |
| Gas, Water & Multi-utilities | - | - | 3.57% | - | |
| Multi-Utilities | - | - | - | 3.57% | |
| Telecommunications | 2.18% | - | - | - | |
| Telecommunications | - | 2.18% | - | - | |
| Telecommunications Service Providers | - | - | 2.18% | - | |
| Telecommunications Services | - | - | - | 2.18% | |
| Cash and Equivalents | 0.43% | - | - | - | |
| Bonds | 0.17% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| Developed Europe - Excl UK | 95.63% | |
| Non-Classified | 3.81% | |
| Cash and Equivalents | 0.43% | |
| North America | 0.08% | |
| Australia & New Zealand | 0.05% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.39% | |
| Cash | 0.43% | |
| Euro | 0.17% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 95.63% | - | |
Germany
|
- | 20.42% | |
France
|
- | 17.73% | |
Switzerland
|
- | 15.55% | |
Netherlands
|
- | 12.48% | |
Italy
|
- | 6.41% | |
Denmark
|
- | 5.90% | |
Spain
|
- | 5.75% | |
Austria
|
- | 2.76% | |
Sweden
|
- | 2.25% | |
Ireland
|
- | 1.94% | |
Finland
|
- | 1.92% | |
Belgium
|
- | 1.37% | |
Portugal
|
- | 1.12% | |
Luxembourg
|
- | 0.04% | |
| Non-Classified | 3.81% | - | |
| Cash and Equivalents | 0.43% | - | |
| North America | 0.08% | - | |
Canada
|
- | 0.08% | |
| Australia & New Zealand | 0.05% | - | |
Australia
|
- | 0.05% | |
Breakdown By Market Cap (%)
| Mega |
|
46.55% |
| Large |
|
22.54% |
| Medium |
|
14.01% |
| Small |
|
4.19% |
| Micro |
|
0.72% |
| Non-Classified |
|
11.37% |
| Bonds |
|
0.17% |
| Cash |
|
0.43% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ROCHE HOLDING AG | 4.01% | Pharmaceuticals & Biotechnology | Switzerland |
| 2 | BANCO SANTANDER S.A. | 3.85% | Banks | Spain |
| 3 | NOVARTIS AG | 3.83% | Pharmaceuticals & Biotechnology | Switzerland |
| 4 | ASML HOLDING N.V. | 3.40% | Technology Hardware & Equipment | Netherlands |
| 5 | ALLIANZ SE | 2.68% | Non-life Insurance | Germany |
| 6 | SAFRAN | 2.62% | Aerospace & Defence | France |
| 7 | MUNCHENER RUCKVERSICHERUNGS AG | 2.25% | Non-life Insurance | Germany |
| 8 | DEUTSCHE TELEKOM AG | 2.18% | Telecommunications Service Providers | Germany |
| 9 | UNICREDIT SOCIETA' PER AZIONI | 2.13% | Banks | Italy |
| 10 | ENGIE | 2.01% | Gas, Water & Multi-utilities | France |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 10.65% | - | - | - | - | - | - | 10.65% |
| Telecommunications | - | 2.18% | - | - | - | - | - | - | 2.18% |
| Financials | - | 21.42% | - | - | - | - | - | - | 21.42% |
| Consumer Discretionary | - | 10.61% | - | - | - | - | - | - | 10.61% |
| Consumer Staples | - | 5.58% | - | - | - | - | - | - | 5.58% |
| Energy | - | 7.42% | - | - | - | - | - | - | 7.42% |
| Utilities | - | 3.57% | - | - | - | - | - | - | 3.57% |
| Health Care | - | 18.32% | - | - | - | - | - | - | 18.32% |
| Industrials | - | 11.44% | - | - | - | - | - | - | 11.44% |
| Basic Materials | - | 4.41% | - | - | - | - | - | - | 4.41% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.43% | 0.43% |
| Bonds | - | - | - | 0.17% | - | - | - | - | 0.17% |
| Non-Classified | - | - | - | - | - | - | 3.81% | - | 3.81% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 | B7YLCD4 |
| Mex Code | C5EDNB |
| Isin Code | GB00B7YLCD41 |
| Citi Code | GPUL |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.90% |
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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.