Jupiter Merian North American Equity Class I Acc
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 | 29.3% | -2.7% | 8.5% | 35.7% | 9.3% |
| Sector | 25.2% | -3.7% | 6.1% | 30.7% | 5.7% |
| Rank | 40/206 | 95/224 | 119/236 | 46/238 | 99/250 |
| Quartile | 1 | 2 | 3 | 1 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/25 |
5 Years to 30/11/25 |
10 Years to 30/11/25 |
||
| Fund | 17.2% | 15.2% | 15.1% | |
| Sector | 13.6% | 12.1% | 13.5% | |
| Rank | 88/237 | 24/206 | 39/140 | |
| Quartile | 2 | 1 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| NVIDIA CORPORATION | 6.29 |
| MICROSOFT CORPORATION | 4.71 |
| APPLE | 4.70 |
| AMAZON.COM | 2.45 |
| BROADCOM | 2.19 |
| NETFLIX | 2.03 |
| META PLATFORMS | 2.00 |
| S&P500 Emini Sep 25 | 1.88 |
| ALPHABET | 1.78 |
| BOOKING HOLDINGS | 1.43 |
| Total | 29.45 |
Fund Aims
The objective of the Fund is to seek to achieve long term capital growth through the active management of a diversified portfolio invested primarily in North American stock markets. It is not proposed to concentrate investments in any one industry or sector. In seeking to achieve its investment objective, the fund aims to deliver a return, net of fees, greater than that of the MSCI North America Index with net dividends re-invested over rolling 3 year periods.
Fund Manager
Amadeo is Co-Head of Strategy in the Systematic Equities team. Before joining Jupiter, Amadeo worked at Merian Global Investors as a portfolio manager and Head of Research. Prior to this, he worked for the Financial Stability Group at the Bank of England, developing simulation models for systemic and liquidity risk for the Financial Stability Group. Before this, he was a software developer for CAD systems and robotic applications. He began his investment career in 2004. Amadeo has a BEng in Robotics, an MSc in Computer Science, and a PhD in Computational Finance. He is a CFA® charterholder.
Fund Overview
| Mid (08/12/2025) | 737.91p |
| Historic yield | 0.26% |
| Fund size (31/08/2025) | £2335.77m |
| Number of holdings | 177 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.95% |
| Launch date | 05/04/2012 |
Asset Allocation
| International Equities | 97.02% | |
| Cash and Equivalents | 1.82% | |
| UK Equities | 1.09% | |
| Other Assets | 0.07% |
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 | 97.02% | |
| Cash and Equivalents | 1.82% | |
| UK Equities | 1.09% | |
| Other Assets | 0.07% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 33.39% | - | - | - | |
| Technology | - | 33.39% | - | - | |
| Software & Computer Services | - | - | 18.03% | - | |
| Software | - | - | - | 10.12% | |
| Consumer Digital Services | - | - | - | 6.30% | |
| Computer Services | - | - | - | 1.61% | |
| Technology Hardware & Equipment | - | - | 15.36% | - | |
| Semiconductors | - | - | - | 9.33% | |
| Computer Hardware | - | - | - | 4.72% | |
| Production Technology Equipment | - | - | - | 1.24% | |
| Electronic Components | - | - | - | 0.07% | |
| Consumer Discretionary | 17.31% | - | - | - | |
| Retail | - | 4.80% | - | - | |
| Retailers | - | - | 4.80% | - | |
| Diversified Retailers | - | - | - | 2.93% | |
| Specialty Retailers | - | - | - | 1.01% | |
| Apparel Retailers | - | - | - | 0.85% | |
| Media | - | 4.61% | - | - | |
| Media | - | - | 4.61% | - | |
| Entertainment | - | - | - | 3.38% | |
| Radio & TV Broadcasters | - | - | - | 1.05% | |
| Publishing | - | - | - | 0.18% | |
| Consumer Products & Services | - | 4.51% | - | - | |
| Leisure Goods | - | - | 1.88% | - | |
| Electronic Entertainment | - | - | - | 1.86% | |
| Toys | - | - | - | 0.02% | |
| Consumer Services | - | - | 1.70% | - | |
| Consumer Services: Misc. | - | - | - | 1.70% | |
| Personal Goods | - | - | 0.90% | - | |
| Clothing & Accessories | - | - | - | 0.88% | |
| Footwear | - | - | - | 0.02% | |
| Household Goods & Home Construction | - | - | 0.03% | - | |
| Home Construction | - | - | - | 0.03% | |
| Travel & Leisure | - | 2.13% | - | - | |
| Travel & Leisure | - | - | 2.13% | - | |
| Travel & Tourism | - | - | - | 1.43% | |
| Airlines | - | - | - | 0.60% | |
| Recreational Services | - | - | - | 0.10% | |
| Automobiles & Parts | - | 1.27% | - | - | |
| Automobiles & Parts | - | - | 1.27% | - | |
| Automobiles | - | - | - | 1.13% | |
| Auto Parts | - | - | - | 0.14% | |
| Industrials | 14.56% | - | - | - | |
| Industrial Goods & Services | - | 13.53% | - | - | |
| Industrial Support Services | - | - | 5.52% | - | |
| Transaction Processing Services | - | - | - | 4.56% | |
| Professional Business Support Services | - | - | - | 0.56% | |
| Industrial Suppliers | - | - | - | 0.36% | |
| Business Training & Employment Agencies | - | - | - | 0.04% | |
| General Industrials | - | - | 2.39% | - | |
| Diversified Industrials | - | - | - | 2.25% | |
| Containers & Packaging | - | - | - | 0.14% | |
| Industrial Transportation | - | - | 1.99% | - | |
| Railroads | - | - | - | 0.69% | |
| Trucking | - | - | - | 0.69% | |
| Railroad Equipment | - | - | - | 0.47% | |
| Commercial Vehicles & Parts | - | - | - | 0.13% | |
| Industrial Engineering | - | - | 1.81% | - | |
| Machinery: Construction & Handling | - | - | - | 1.03% | |
| Machinery: Industrial | - | - | - | 0.77% | |
| Machinery: Agricultural | - | - | - | 0.01% | |
| Aerospace & Defence | - | - | 1.69% | - | |
| Aerospace | - | - | - | 1.69% | |
| Electronic & Electrical Equipment | - | - | 0.14% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.09% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.05% | |
| Construction & Materials | - | 1.02% | - | - | |
| Construction & Materials | - | - | 1.02% | - | |
| Engineering & Contracting Services | - | - | - | 0.62% | |
| Building Materials: Other | - | - | - | 0.37% | |
| Construction | - | - | - | 0.03% | |
| Financials | 10.86% | - | - | - | |
| Insurance | - | 5.18% | - | - | |
| Non-life Insurance | - | - | 4.65% | - | |
| Property & Casualty Insurance | - | - | - | 2.56% | |
| Full Line Insurance | - | - | - | 2.09% | |
| Life Insurance | - | - | 0.53% | - | |
| Life Insurance | - | - | - | 0.53% | |
| Financial Services | - | 2.97% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.93% | - | |
| Investment Services | - | - | - | 2.53% | |
| Asset Managers & Custodians | - | - | - | 0.40% | |
| Finance & Credit Services | - | - | 0.05% | - | |
| Consumer Lending | - | - | - | 0.05% | |
| Banks | - | 2.71% | - | - | |
| Banks | - | - | 2.71% | - | |
| Banks | - | - | - | 2.71% | |
| Health Care | 6.91% | - | - | - | |
| Health Care | - | 6.91% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 6.67% | - | |
| Pharmaceuticals | - | - | - | 4.34% | |
| Biotechnology | - | - | - | 2.33% | |
| Health Care Providers | - | - | 0.21% | - | |
| Health Care Services | - | - | - | 0.21% | |
| Medical Equipment & Services | - | - | 0.03% | - | |
| Medical Equipment | - | - | - | 0.03% | |
| Consumer Staples | 6.83% | - | - | - | |
| Food, Beverage & Tobacco | - | 4.02% | - | - | |
| Food Producers | - | - | 2.04% | - | |
| Food Products | - | - | - | 0.95% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.61% | |
| Fruit & Grain Processing | - | - | - | 0.48% | |
| Tobacco | - | - | 1.41% | - | |
| Tobacco | - | - | - | 1.41% | |
| Beverages | - | - | 0.58% | - | |
| Soft Drinks | - | - | - | 0.46% | |
| Brewers | - | - | - | 0.13% | |
| Personal Care, Drug & Grocery Stores | - | 2.81% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 2.81% | - | |
| Drug Retailers | - | - | - | 1.44% | |
| Food Retailers & Wholesalers | - | - | - | 1.37% | |
| Utilities | 2.59% | - | - | - | |
| Utilities | - | 2.59% | - | - | |
| Gas, Water & Multi-utilities | - | - | 1.74% | - | |
| Gas Distribution | - | - | - | 1.07% | |
| Multi-Utilities | - | - | - | 0.67% | |
| Electricity | - | - | 0.85% | - | |
| Conventional Electricity | - | - | - | 0.85% | |
| Energy | 2.05% | - | - | - | |
| Energy | - | 2.05% | - | - | |
| Non-Renewable Energy | - | - | 2.05% | - | |
| Integrated Oil & Gas | - | - | - | 1.26% | |
| Oil: Crude Producers | - | - | - | 0.79% | |
| Cash and Equivalents | 1.82% | - | - | - | |
| Telecommunications | 1.82% | - | - | - | |
| Telecommunications | - | 1.82% | - | - | |
| Telecommunications Service Providers | - | - | 1.79% | - | |
| Cable Television Services | - | - | - | 1.15% | |
| Telecommunications Services | - | - | - | 0.63% | |
| Telecommunications Equipment | - | - | 0.04% | - | |
| Telecommunications Equipment | - | - | - | 0.04% | |
| Basic Materials | 1.42% | - | - | - | |
| Basic Resources | - | 0.98% | - | - | |
| Precious Metals & Mining | - | - | 0.98% | - | |
| Gold Mining | - | - | - | 0.98% | |
| Chemicals | - | 0.44% | - | - | |
| Chemicals | - | - | 0.44% | - | |
| Fertilizers | - | - | - | 0.44% | |
| Real Estate | 0.36% | - | - | - | |
| Real Estate | - | 0.36% | - | - | |
| Real Estate Investment Trusts | - | - | 0.36% | - | |
| Office REITs | - | - | - | 0.36% | |
| Non-Classified | 0.07% | - | - | - | |
Regional Allocation
| North America | 96.68% | |
| Cash and Equivalents | 1.82% | |
| UK | 1.09% | |
| South & Central America | 0.34% | |
| Non-Classified | 0.07% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 98.97% | |
| Cash | 1.02% | |
| Pound Sterling | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 96.68% | - | |
United States
|
- | 92.80% | |
Canada
|
- | 3.89% | |
| Cash and Equivalents | 1.82% | - | |
| UK | 1.09% | - | |
United Kingdom
|
- | 1.09% | |
| South & Central America | 0.34% | - | |
Mexico
|
- | 0.34% | |
| Non-Classified | 0.07% | - | |
Breakdown By Market Cap (%)
| Mega |
|
44.04% |
| Large |
|
17.69% |
| Medium |
|
10.40% |
| Small |
|
1.34% |
| Micro |
|
0.25% |
| Non-Classified |
|
24.45% |
| Cash |
|
1.82% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | 6.29% | Technology Hardware & Equipment | United States |
| 2 | MICROSOFT CORPORATION | 4.71% | Software & Computer Services | United States |
| 3 | APPLE | 4.70% | Technology Hardware & Equipment | United States |
| 4 | AMAZON.COM | 2.45% | Retailers | United States |
| 5 | BROADCOM | 2.19% | Technology Hardware & Equipment | United States |
| 6 | NETFLIX | 2.03% | Media | United States |
| 7 | META PLATFORMS | 2.00% | Software & Computer Services | United States |
| 8 | S&P500 Emini Sep 25 | 1.88% | Non-Classified | Non-Classified |
| 9 | ALPHABET | 1.78% | Software & Computer Services | United States |
| 10 | BOOKING HOLDINGS | 1.43% | Travel & Leisure | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 33.39% | - | - | - | - | - | - | 33.39% |
| Telecommunications | - | 1.82% | - | - | - | - | - | - | 1.82% |
| Financials | - | 10.86% | - | - | - | - | - | - | 10.86% |
| Real Estate | - | 0.36% | - | - | - | - | - | - | 0.36% |
| Consumer Discretionary | - | 17.31% | - | - | - | - | - | - | 17.31% |
| Consumer Staples | - | 6.83% | - | - | - | - | - | - | 6.83% |
| Energy | - | 2.05% | - | - | - | - | - | - | 2.05% |
| Utilities | - | 2.59% | - | - | - | - | - | - | 2.59% |
| Health Care | 1.00% | 5.91% | - | - | - | - | - | - | 6.91% |
| Industrials | 0.09% | 14.47% | - | - | - | - | - | - | 14.56% |
| Basic Materials | - | 1.42% | - | - | - | - | - | - | 1.42% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.82% | 1.82% |
| Non-Classified | - | - | - | - | - | - | 0.07% | - | 0.07% |
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 | B1XG9G0 |
| Mex Code | PCOMNQ |
| Isin Code | GB00B1XG9G04 |
| Citi Code | A3H6 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.95% |
Aims and Benchmark
| Aims | The objective of the Fund is to seek to achieve long term capital growth through the active management of a diversified portfolio invested primarily in North American stock markets. It is not proposed to concentrate investments in any one industry or sector. In seeking to achieve its investment objective, the fund aims to deliver a return, net of fees, greater than that of the MSCI North America Index with net dividends re-invested over rolling 3 year periods. |
| Benchmark | MSCI North America Index with net dividends re-invested |
| Benchmark Category | - |
| IA Sector | North America |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| 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 November | 31 December |
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 | £150000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 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.