JPMorgan Fund II ICVC UK Smaller Companies Class C - Net Inc
Report And Accounts
Simplified Prospectus / KIID
Portfolio data accurate as at:
Performance
Discrete performance - to last month end
| 31/08/20 to 31/08/21 |
31/08/21 to 31/08/22 |
31/08/22 to 31/08/23 |
31/08/23 to 31/08/24 |
31/08/24 to 31/08/25 |
|
|---|---|---|---|---|---|
| Fund | 54.5% | -28.8% | -0.2% | 25.0% | 2.1% |
| Sector | 53.3% | -27.0% | -6.0% | 18.7% | -2.5% |
| Rank | 20/41 | 26/42 | 7/43 | 5/43 | 8/44 |
| Quartile | 2 | 3 | 1 | 1 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/08/25 |
5 Years to 31/08/25 |
10 Years to 31/08/25 |
||
| Fund | 8.4% | 7.0% | 7.0% | |
| Sector | 2.9% | 4.0% | 5.4% | |
| Rank | 2/43 | 10/41 | 8/35 | |
| Quartile | 1 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| LION FINANCE GROUP | 4.99 |
| ALPHA GROUP INTERNATIONAL | 4.37 |
| MORGAN SINDALL GROUP | 4.15 |
| PREMIER FOODS | 3.44 |
| XPS PENSIONS GROUP | 2.90 |
| VOLUTION GROUP | 2.41 |
| SERCO GROUP | 2.35 |
| MITIE GROUP | 2.23 |
| TBC BANK GROUP | 2.17 |
| KELLER GROUP | 2.03 |
| Total | 31.03 |
Fund Aims
To provide long-term capital growth by investing primarily in UK smaller companies.
Fund Manager
Katen Patel
manager
for
9 years
and 11 months
Katen Patel, executive director, is a portfolio manager for small and mid cap strategies within the J.P. Morgan Asset Management International Equity Group – Behavioural Finance Team. He is the co-manager of the JPM UK Smaller Companies Fund, the JPM UK Equity Income Fund, the JPMorgan Smaller Companies Investment Trust and the JPMorgan Mid Cap Investment Trust. An employee since April 2013, he previously worked at HSBC Bank Plc in a European equity sales role. He obtained a B.Sc. in Management from the London School of Economics. Katen is a CFA charterholder.
Georgina Brittain
manager
for
24 years
and 11 months
Georgina Brittain, managing director, is a portfolio manager for small and mid cap strategies within the J.P. Morgan Asset Management International Equity Group – Behavioural Finance Team, based in London. Georgina is a fund manager for the JPM UK Smaller Companies Fund, the JPMorgan Smaller Companies Investment Trust and co-manager for the JPMorgan Mid Cap Investment Trust. She is also a co-manager for our range of European small cap funds. An employee since 1995, Georgina was previously an analyst in the UK research department. Georgina obtained an M.A. in Classics from Oxford University, and earned a Diploma in Law from City University, London. She is a qualified barrister.
Fund Overview
| Mid (09/09/2025) | 125.60p |
| Historic yield | 1.82% |
| Fund size (31/07/2025) | £199.84m |
| Number of holdings | 703 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.85% |
| Launch date | 08/10/2012 |
Asset Allocation
| UK Equities | 95.96% | |
| International Equities | 1.66% | |
| Investment Trusts | 0.68% | |
| Property | 0.13% | |
| Cash and Equivalents | 0.03% | |
| International Bonds | 0.01% | |
| Alternative Trading Strategies | 0.01% | |
| Money Market | 0.00% | |
| UK Corporate Bonds | 0.00% | |
| Other Assets | 1.53% |
Portfolio data accurate as at:
Asset Allocation
| UK Equities | 95.96% | |
| International Equities | 1.66% | |
| Investment Trusts | 0.68% | |
| Property | 0.13% | |
| Cash and Equivalents | 0.03% | |
| International Bonds | 0.01% | |
| Alternative Trading Strategies | 0.01% | |
| Money Market | 0.00% | |
| UK Corporate Bonds | 0.00% | |
| Other Assets | 1.53% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 29.50% | - | - | - | |
| Industrial Goods & Services | - | 17.88% | - | - | |
| Industrial Support Services | - | - | 10.11% | - | |
| Professional Business Support Services | - | - | - | 7.31% | |
| Transaction Processing Services | - | - | - | 1.29% | |
| Industrial Suppliers | - | - | - | 0.83% | |
| Security Services | - | - | - | 0.66% | |
| Business Training & Employment Agencies | - | - | - | 0.02% | |
| Aerospace & Defence | - | - | 2.80% | - | |
| Defense | - | - | - | 2.79% | |
| Aerospace | - | - | - | 0.01% | |
| Industrial Transportation | - | - | 2.30% | - | |
| Transportation Services | - | - | - | 1.50% | |
| Marine Transportation | - | - | - | 0.79% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.01% | |
| Delivery Services | - | - | - | 0.00% | |
| Industrial Engineering | - | - | 1.37% | - | |
| Machinery: Industrial | - | - | - | 1.37% | |
| Machinery: Specialty | - | - | - | 0.01% | |
| Machinery: Construction & Handling | - | - | - | 0.00% | |
| Electronic & Electrical Equipment | - | - | 1.28% | - | |
| Electrical Components | - | - | - | 0.82% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.44% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.02% | |
| General Industrials | - | - | 0.01% | - | |
| Diversified Industrials | - | - | - | 0.01% | |
| Construction & Materials | - | 11.62% | - | - | |
| Construction & Materials | - | - | 11.62% | - | |
| Construction | - | - | - | 5.80% | |
| Building Materials: Other | - | - | - | 3.02% | |
| Engineering & Contracting Services | - | - | - | 2.78% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.01% | |
| Cement | - | - | - | 0.01% | |
| Financials | 28.19% | - | - | - | |
| Financial Services | - | 19.27% | - | - | |
| Investment Banking & Brokerage Services | - | - | 13.92% | - | |
| Investment Services | - | - | - | 9.73% | |
| Asset Managers & Custodians | - | - | - | 4.20% | |
| Finance & Credit Services | - | - | 4.66% | - | |
| Mortgage Finance | - | - | - | 2.84% | |
| Consumer Lending | - | - | - | 1.81% | |
| Equity Investment Instruments | - | - | 0.69% | - | |
| Equity Investment Instruments | - | - | - | 0.69% | |
| Banks | - | 7.19% | - | - | |
| Banks | - | - | 7.19% | - | |
| Banks | - | - | - | 7.19% | |
| Insurance | - | 1.72% | - | - | |
| Life Insurance | - | - | 1.68% | - | |
| Life Insurance | - | - | - | 1.68% | |
| Non-life Insurance | - | - | 0.05% | - | |
| Property & Casualty Insurance | - | - | - | 0.05% | |
| Consumer Discretionary | 19.26% | - | - | - | |
| Travel & Leisure | - | 7.89% | - | - | |
| Travel & Leisure | - | - | 7.89% | - | |
| Restaurants & Bars | - | - | - | 2.74% | |
| Airlines | - | - | - | 1.92% | |
| Travel & Tourism | - | - | - | 1.60% | |
| Casinos & Gambling | - | - | - | 0.88% | |
| Recreational Services | - | - | - | 0.74% | |
| Hotels & Motels | - | - | - | 0.00% | |
| Retail | - | 4.96% | - | - | |
| Retailers | - | - | 4.96% | - | |
| Home Improvement Retailers | - | - | - | 2.53% | |
| Specialty Retailers | - | - | - | 2.39% | |
| Diversified Retailers | - | - | - | 0.03% | |
| Apparel Retailers | - | - | - | 0.01% | |
| Media | - | 4.21% | - | - | |
| Media | - | - | 4.21% | - | |
| Media Agencies | - | - | - | 3.07% | |
| Publishing | - | - | - | 1.11% | |
| Radio & TV Broadcasters | - | - | - | 0.02% | |
| Entertainment | - | - | - | 0.00% | |
| Consumer Products & Services | - | 2.19% | - | - | |
| Personal Goods | - | - | 1.17% | - | |
| Cosmetics | - | - | - | 1.13% | |
| Clothing & Accessories | - | - | - | 0.03% | |
| Luxury Items | - | - | - | 0.01% | |
| Footwear | - | - | - | 0.00% | |
| Leisure Goods | - | - | 0.58% | - | |
| Electronic Entertainment | - | - | - | 0.57% | |
| Photography | - | - | - | 0.00% | |
| Household Goods & Home Construction | - | - | 0.44% | - | |
| Home Construction | - | - | - | 0.44% | |
| Consumer Services | - | - | 0.00% | - | |
| Consumer Services: Misc. | - | - | - | 0.00% | |
| Automobiles & Parts | - | 0.01% | - | - | |
| Automobiles & Parts | - | - | 0.01% | - | |
| Auto Parts | - | - | - | 0.01% | |
| Automobiles | - | - | - | 0.00% | |
| Technology | 6.95% | - | - | - | |
| Technology | - | 6.95% | - | - | |
| Software & Computer Services | - | - | 6.95% | - | |
| Software | - | - | - | 2.55% | |
| Consumer Digital Services | - | - | - | 2.50% | |
| Computer Services | - | - | - | 1.90% | |
| Technology Hardware & Equipment | - | - | 0.00% | - | |
| Computer Hardware | - | - | - | 0.00% | |
| Semiconductors | - | - | - | 0.00% | |
| Electronic Components | - | - | - | 0.00% | |
| Consumer Staples | 4.26% | - | - | - | |
| Food, Beverage & Tobacco | - | 4.23% | - | - | |
| Food Producers | - | - | 4.22% | - | |
| Food Products | - | - | - | 4.22% | |
| Beverages | - | - | 0.01% | - | |
| Soft Drinks | - | - | - | 0.01% | |
| Distillers & Vintners | - | - | - | 0.01% | |
| Brewers | - | - | - | 0.00% | |
| Personal Care, Drug & Grocery Stores | - | 0.03% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.03% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.03% | |
| Personal Products | - | - | - | 0.00% | |
| Energy | 3.88% | - | - | - | |
| Energy | - | 3.88% | - | - | |
| Non-Renewable Energy | - | - | 3.88% | - | |
| Oil Equipment & Services | - | - | - | 2.97% | |
| Oil: Crude Producers | - | - | - | 0.91% | |
| Offshore Drilling & Other Services | - | - | - | 0.00% | |
| Basic Materials | 2.68% | - | - | - | |
| Basic Resources | - | 2.64% | - | - | |
| Industrial Metals & Mining | - | - | 1.40% | - | |
| Metal Fabricating | - | - | - | 1.39% | |
| Copper | - | - | - | 0.00% | |
| Iron & Steel | - | - | - | 0.00% | |
| General Mining | - | - | - | 0.00% | |
| Precious Metals & Mining | - | - | 1.24% | - | |
| Platinum & Precious Metals | - | - | - | 1.24% | |
| Chemicals | - | 0.04% | - | - | |
| Chemicals | - | - | 0.04% | - | |
| Chemicals: Diversified | - | - | - | 0.03% | |
| Specialty Chemicals | - | - | - | 0.01% | |
| Utilities | 1.63% | - | - | - | |
| Utilities | - | 1.63% | - | - | |
| Electricity | - | - | 1.61% | - | |
| Conventional Electricity | - | - | - | 1.61% | |
| Gas, Water & Multi-utilities | - | - | 0.02% | - | |
| Water | - | - | - | 0.02% | |
| Gas Distribution | - | - | - | 0.00% | |
| Non-Classified | 1.59% | - | - | - | |
| Real Estate | 0.99% | - | - | - | |
| Real Estate | - | 0.99% | - | - | |
| Real Estate Investment & Services | - | - | 0.77% | - | |
| Real Estate Services | - | - | - | 0.75% | |
| Real Estate Holding and Development | - | - | - | 0.02% | |
| Real Estate Investment Trusts | - | - | 0.22% | - | |
| Diversified REITs | - | - | - | 0.06% | |
| Office REITs | - | - | - | 0.03% | |
| Other Specialty REITs | - | - | - | 0.03% | |
| Health Care REITs | - | - | - | 0.03% | |
| Storage REITs | - | - | - | 0.03% | |
| Retail REITs | - | - | - | 0.02% | |
| Residential REITs | - | - | - | 0.01% | |
| Telecommunications | 0.64% | - | - | - | |
| Telecommunications | - | 0.64% | - | - | |
| Telecommunications Equipment | - | - | 0.63% | - | |
| Telecommunications Equipment | - | - | - | 0.63% | |
| Telecommunications Service Providers | - | - | 0.01% | - | |
| Telecommunications Services | - | - | - | 0.01% | |
| Health Care | 0.38% | - | - | - | |
| Health Care | - | 0.38% | - | - | |
| Health Care Providers | - | - | 0.36% | - | |
| Health Care Services | - | - | - | 0.36% | |
| Health Care Facilities | - | - | - | 0.00% | |
| Pharmaceuticals & Biotechnology | - | - | 0.02% | - | |
| Biotechnology | - | - | - | 0.02% | |
| Pharmaceuticals | - | - | - | 0.00% | |
| Cash and Equivalents | 0.03% | - | - | - | |
| Bonds | 0.01% | - | - | - | |
| Alternative Trading Strategies | 0.01% | - | - | - | |
| Alternative Trading Strategies | - | 0.01% | - | - | |
| Alternative Trading Strategies | - | - | 0.01% | - | |
| Alternative Trading Strategies | - | - | - | 0.01% | |
Regional Allocation
| UK | 95.95% | |
| Non-Classified | 2.27% | |
| Middle East & Africa | 1.54% | |
| Property | 0.13% | |
| Developed Europe - Excl UK | 0.07% | |
| Cash and Equivalents | 0.03% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.99% | |
| Pound Sterling | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 95.95% | - | |
United Kingdom
|
- | 95.96% | |
| Non-Classified | 2.27% | - | |
| Middle East & Africa | 1.54% | - | |
Israel
|
- | 1.54% | |
United Arab Emirates
|
- | 0.00% | |
| Property | 0.13% | - | |
| Developed Europe - Excl UK | 0.07% | - | |
Luxembourg
|
- | 0.04% | |
Ireland
|
- | 0.03% | |
Netherlands
|
- | 0.00% | |
Spain
|
- | 0.00% | |
Germany
|
- | 0.00% | |
France
|
- | 0.00% | |
Norway
|
- | 0.00% | |
Finland
|
- | 0.00% | |
| Cash and Equivalents | 0.03% | - | |
Breakdown By Market Cap (%)
| Large |
|
0.06% |
| Medium |
|
38.17% |
| Small |
|
47.44% |
| Micro |
|
9.53% |
| Non-Classified |
|
4.75% |
| Bonds |
|
0.01% |
| Cash |
|
0.03% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | LION FINANCE GROUP | 4.99% | Banks | United Kingdom |
| 2 | ALPHA GROUP INTERNATIONAL | 4.37% | Investment Banking & Brokerage Services | United Kingdom |
| 3 | MORGAN SINDALL GROUP | 4.15% | Construction & Materials | United Kingdom |
| 4 | PREMIER FOODS | 3.44% | Food Producers | United Kingdom |
| 5 | XPS PENSIONS GROUP | 2.90% | Investment Banking & Brokerage Services | United Kingdom |
| 6 | VOLUTION GROUP | 2.41% | Construction & Materials | United Kingdom |
| 7 | SERCO GROUP | 2.35% | Industrial Support Services | United Kingdom |
| 8 | MITIE GROUP | 2.23% | Industrial Support Services | United Kingdom |
| 9 | TBC BANK GROUP | 2.17% | Banks | United Kingdom |
| 10 | KELLER GROUP | 2.03% | Construction & Materials | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 6.95% | - | - | - | - | - | 0.94% | - | 7.89% |
| Telecommunications | 0.64% | - | - | - | - | - | - | - | 0.64% |
| Financials | 25.96% | 1.55% | - | - | - | - | 0.68% | - | 28.19% |
| Real Estate | 0.87% | - | - | - | - | 0.13% | - | - | 0.99% |
| Consumer Discretionary | 19.23% | 0.03% | - | - | - | - | - | - | 19.26% |
| Consumer Staples | 4.25% | 0.01% | - | - | - | - | - | - | 4.26% |
| Energy | 3.88% | - | - | - | - | - | - | - | 3.88% |
| Utilities | 1.63% | - | - | - | - | - | - | - | 1.63% |
| Health Care | 0.38% | - | - | - | - | - | 0.59% | - | 0.97% |
| Industrials | 29.48% | 0.02% | - | - | - | - | - | - | 29.50% |
| Basic Materials | 2.68% | 0.01% | - | - | - | - | - | - | 2.68% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.03% | 0.03% |
| Bonds | - | - | - | 0.01% | - | - | - | - | 0.01% |
| Non-Classified | 0.02% | 0.05% | - | - | - | - | 0.01% | - | 0.07% |
Identification Codes
| Sedol Code | B8MZ4L7 |
| Mex Code | C5ETAL |
| Isin Code | GB00B8MZ4L75 |
| Citi Code | GROP |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.85% |
Aims and Benchmark
| Aims | To provide long-term capital growth by investing primarily in UK smaller companies. |
| Benchmark | FTSE Small Cap ex Investment Trusts Index (Net) |
| Benchmark Category | - |
| IA Sector | UK Smaller Companies |
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 December | 28 February |
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 II ICVC |
| Group address | JPMorgan Fund II 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 |