JPMorgan Fund ICVC Emerging Markets Income Class C Inc
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 | 24.8% | -9.6% | 6.6% | 14.3% | 14.0% |
| Sector | 17.0% | -15.4% | 2.6% | 13.0% | 15.6% |
| Rank | 33/149 | 26/162 | 72/168 | 94/174 | 118/176 |
| Quartile | 1 | 1 | 2 | 3 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/09/25 |
5 Years to 30/09/25 |
10 Years to 30/09/25 |
||
| Fund | 11.6% | 9.4% | 10.6% | |
| Sector | 10.3% | 5.8% | 8.6% | |
| Rank | 74/168 | 24/149 | 14/107 | |
| Quartile | 2 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 9.12 |
| TENCENT HOLDINGS LIMITED | 4.49 |
| NETEASE INC | 2.81 |
| SAMSUNG ELECTRONICS CO. LTD | 2.79 |
| WAL-MART DE MEXICO S. A. B. DE C. V. | 2.55 |
| HDFC BANK LIMITED | 2.47 |
| NATIONAL BANK OF GREECE S.A. | 2.21 |
| REALTEK SEMICONDUCTOR CORPORATION | 2.18 |
| PT BANK MANDIRI (PERSERO) TBK | 2.05 |
| NATIONAL COMMERCIAL BANK | 1.96 |
| Total | 32.62 |
Fund Aims
To provide a portfolio designed to achieve income by investing primarily in equity and equity-linked securities of emerging markets companies in any economic sector whilst participating in long-term capital growth.
Fund Manager
Amit Mehta, managing director, is a portfolio manager within the Emerging Markets and Asia Pacific (EMAP) Equities team based in London. An employee since 2011, Amit previously worked at Prusik Investment Management (2009-2011) and Atlantis Investment Management (2007-2009) where he was an Asian equities analyst and portfolio manager. Prior to this, he was a global emerging markets analyst at Aviva Investors (2004-2007) and an investment consultant at Mercer Investment Consulting (2000-2004). Amit obtained a B.Sc (Honours) in Mathematics from Kings College London. He is a CFA Charterholder.
Jeffrey Roskell, managing director, is a portfolio manager and head of the Income strategy within the Emerging Markets and Asia Pacific (EMAP) Equities team, based in Hong Kong. He joined the Firm in 1997 as an investment manager within the Global Equities team (previously known as the Global Portfolios Group) in Hong Kong and transferred to manage Asia Pacific portfolios in 2000. He joined the industry in 1992 as a graduate trainee with Prudential Portfolio Managers Limited in London, and subsequently specialised in managing portfolios investing in Continental European equities. Jeffrey obtained an M.A. in Economics from Cambridge University and the Investment Management Certificate from London Business School.
Omar Negyal, executive director, is a portfolio manager for the Emerging Markets and Asia Pacific (EMAP) Income and Total Emerging Markets strategies within the EMAP Equities team, based in London. An employee since 2012, Omar previously worked at HSBC Global Asset Management (2009-2012), Lansdowne Partners (2006-2009) and F&C Asset Management (1998-2005). Omar has an M.A. and an M.Eng. in Chemical Engineering from the University of Cambridge and is a CFA Charterholder.
Fund Overview
| Mid (08/10/2025) | 79.36p |
| Historic yield | 3.26% |
| Fund size (31/08/2025) | £1227.56m |
| Number of holdings | 499 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.90% |
| Launch date | 24/07/2012 |
Asset Allocation
| International Equities | 93.66% | |
| Alternative Trading Strategies | 4.40% | |
| Property | 1.12% | |
| International Bonds | 0.01% | |
| Cash and Equivalents | -0.46% | |
| Other Assets | 1.26% |
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 | 93.66% | |
| Alternative Trading Strategies | 4.40% | |
| Property | 1.12% | |
| International Bonds | 0.01% | |
| Cash and Equivalents | -0.46% | |
| Other Assets | 1.26% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 30.44% | - | - | - | |
| Banks | - | 22.77% | - | - | |
| Banks | - | - | 22.77% | - | |
| Banks | - | - | - | 22.77% | |
| Insurance | - | 4.06% | - | - | |
| Non-life Insurance | - | - | 2.57% | - | |
| Property & Casualty Insurance | - | - | - | 2.13% | |
| Full Line Insurance | - | - | - | 0.44% | |
| Life Insurance | - | - | 1.49% | - | |
| Life Insurance | - | - | - | 1.49% | |
| Financial Services | - | 3.60% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.52% | - | |
| Investment Services | - | - | - | 2.52% | |
| Finance & Credit Services | - | - | 1.08% | - | |
| Consumer Lending | - | - | - | 1.08% | |
| Technology | 22.06% | - | - | - | |
| Technology | - | 22.06% | - | - | |
| Technology Hardware & Equipment | - | - | 15.89% | - | |
| Semiconductors | - | - | - | 11.75% | |
| Computer Hardware | - | - | - | 2.50% | |
| Production Technology Equipment | - | - | - | 1.65% | |
| Software & Computer Services | - | - | 6.17% | - | |
| Consumer Digital Services | - | - | - | 4.49% | |
| Computer Services | - | - | - | 1.68% | |
| Consumer Discretionary | 17.96% | - | - | - | |
| Consumer Products & Services | - | 9.66% | - | - | |
| Leisure Goods | - | - | 3.92% | - | |
| Electronic Entertainment | - | - | - | 2.81% | |
| Recreational Vehicles & Boats | - | - | - | 1.11% | |
| Household Goods & Home Construction | - | - | 3.87% | - | |
| Household Appliance | - | - | - | 3.87% | |
| Personal Goods | - | - | 1.87% | - | |
| Clothing & Accessories | - | - | - | 1.87% | |
| Retail | - | 4.14% | - | - | |
| Retailers | - | - | 4.14% | - | |
| Diversified Retailers | - | - | - | 4.14% | |
| Automobiles & Parts | - | 3.52% | - | - | |
| Automobiles & Parts | - | - | 3.52% | - | |
| Automobiles | - | - | - | 3.52% | |
| Travel & Leisure | - | 0.64% | - | - | |
| Travel & Leisure | - | - | 0.64% | - | |
| Restaurants & Bars | - | - | - | 0.64% | |
| Telecommunications | 9.07% | - | - | - | |
| Telecommunications | - | 9.07% | - | - | |
| Telecommunications Equipment | - | - | 4.64% | - | |
| Telecommunications Equipment | - | - | - | 4.64% | |
| Telecommunications Service Providers | - | - | 4.43% | - | |
| Telecommunications Services | - | - | - | 4.43% | |
| Energy | 5.37% | - | - | - | |
| Energy | - | 5.37% | - | - | |
| Non-Renewable Energy | - | - | 5.37% | - | |
| Integrated Oil & Gas | - | - | - | 4.67% | |
| Oil Refining and Marketing | - | - | - | 0.70% | |
| Alternative Trading Strategies | 4.40% | - | - | - | |
| Alternative Trading Strategies | - | 4.40% | - | - | |
| Alternative Trading Strategies | - | - | 4.40% | - | |
| Alternative Trading Strategies | - | - | - | 4.40% | |
| Utilities | 3.72% | - | - | - | |
| Utilities | - | 3.72% | - | - | |
| Electricity | - | - | 2.30% | - | |
| Conventional Electricity | - | - | - | 1.49% | |
| Alternative Electricity | - | - | - | 0.81% | |
| Gas, Water & Multi-utilities | - | - | 1.43% | - | |
| Gas Distribution | - | - | - | 1.43% | |
| Consumer Staples | 2.53% | - | - | - | |
| Food, Beverage & Tobacco | - | 1.80% | - | - | |
| Food Producers | - | - | 1.80% | - | |
| Food Products | - | - | - | 1.80% | |
| Personal Care, Drug & Grocery Stores | - | 0.74% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.74% | - | |
| Personal Products | - | - | - | 0.49% | |
| Food Retailers & Wholesalers | - | - | - | 0.25% | |
| Industrials | 2.29% | - | - | - | |
| Industrial Goods & Services | - | 2.29% | - | - | |
| General Industrials | - | - | 2.29% | - | |
| Glass | - | - | - | 2.05% | |
| Diversified Industrials | - | - | - | 0.25% | |
| Non-Classified | 1.26% | - | - | - | |
| Real Estate | 1.12% | - | - | - | |
| Real Estate | - | 1.12% | - | - | |
| Real Estate Investment Trusts | - | - | 1.12% | - | |
| Office REITs | - | - | - | 1.12% | |
| Basic Materials | 0.22% | - | - | - | |
| Basic Resources | - | 0.22% | - | - | |
| Industrial Metals & Mining | - | - | 0.22% | - | |
| Copper | - | - | - | 0.22% | |
| Bonds | 0.01% | - | - | - | |
| Cash and Equivalents | -0.46% | - | - | - | |
Regional Allocation
| Emerging Asia | 70.35% | |
| South & Central America | 13.22% | |
| Middle East & Africa | 5.66% | |
| Non-Classified | 5.66% | |
| Developed Asia | 2.68% | |
| Emerging Europe | 2.65% | |
| North America | 0.23% | |
| Cash and Equivalents | -0.46% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.84% | |
| Cash | 0.15% | |
| US Dollar | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 70.35% | - | |
China
|
- | 23.92% | |
Taiwan
|
- | 15.89% | |
South Korea
|
- | 14.17% | |
India
|
- | 9.96% | |
Indonesia
|
- | 5.19% | |
Thailand
|
- | 1.23% | |
| South & Central America | 13.22% | - | |
Brazil
|
- | 7.26% | |
Mexico
|
- | 5.02% | |
Chile
|
- | 0.94% | |
| Middle East & Africa | 5.66% | - | |
Saudi Arabia
|
- | 3.18% | |
South Africa
|
- | 2.49% | |
| Non-Classified | 5.66% | - | |
| Developed Asia | 2.68% | - | |
Hong Kong
|
- | 2.68% | |
| Emerging Europe | 2.65% | - | |
Greece
|
- | 2.21% | |
Poland
|
- | 0.44% | |
| North America | 0.23% | - | |
United States
|
- | 0.23% | |
Canada
|
- | 0.00% | |
| Cash and Equivalents | -0.46% | - | |
Breakdown By Market Cap (%)
| Mega |
|
46.89% |
| Large |
|
28.78% |
| Medium |
|
5.46% |
| Small |
|
0.15% |
| Non-Classified |
|
19.17% |
| Bonds |
|
0.01% |
| Cash |
|
-0.46% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 9.12% | Technology Hardware & Equipment | Taiwan |
| 2 | TENCENT HOLDINGS LIMITED | 4.49% | Software & Computer Services | China |
| 3 | NETEASE INC | 2.81% | Leisure Goods | China |
| 4 | SAMSUNG ELECTRONICS CO. LTD | 2.79% | Telecommunications Equipment | South Korea |
| 5 | WAL-MART DE MEXICO S. A. B. DE C. V. | 2.55% | Retailers | Mexico |
| 6 | HDFC BANK LIMITED | 2.47% | Banks | India |
| 7 | NATIONAL BANK OF GREECE S.A. | 2.21% | Banks | Greece |
| 8 | REALTEK SEMICONDUCTOR CORPORATION | 2.18% | Technology Hardware & Equipment | Taiwan |
| 9 | PT BANK MANDIRI (PERSERO) TBK | 2.05% | Banks | Indonesia |
| 10 | NATIONAL COMMERCIAL BANK | 1.96% | Banks | Saudi Arabia |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 22.06% | - | - | - | - | - | - | 22.06% |
| Telecommunications | - | 9.07% | - | - | - | - | - | - | 9.07% |
| Financials | - | 30.44% | - | - | - | - | - | - | 30.44% |
| Real Estate | - | - | - | - | - | 1.12% | - | - | 1.12% |
| Consumer Discretionary | - | 17.96% | - | - | - | - | - | - | 17.96% |
| Consumer Staples | - | 2.53% | - | - | - | - | - | - | 2.53% |
| Energy | - | 5.37% | - | - | - | - | - | - | 5.37% |
| Utilities | - | 3.72% | - | - | - | - | - | - | 3.72% |
| Industrials | - | 2.29% | - | - | - | - | - | - | 2.29% |
| Basic Materials | - | 0.22% | - | - | - | - | - | - | 0.22% |
| Cash and Equivalents | - | - | - | - | - | - | - | -0.46% | -0.46% |
| Bonds | - | - | - | 0.01% | - | - | - | - | 0.01% |
| Non-Classified | - | - | - | - | - | - | 5.66% | - | 5.66% |
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 | B5N1BC3 |
| Mex Code | - |
| Isin Code | GB00B5N1BC33 |
| Citi Code | M0W8 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.90% |
Aims and Benchmark
| Aims | To provide a portfolio designed to achieve income by investing primarily in equity and equity-linked securities of emerging markets companies in any economic sector whilst participating in long-term capital growth. |
| Benchmark | MSCI Emerging Markets Index (Net) |
| Benchmark Category | - |
| IA Sector | Global Emerging Markets |
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 | Quarterly |
| Distribution Type | No income |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 November | 31 January |
| 01 February | 30 April |
| 01 May | 31 July |
| 01 August | 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 | 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.