Fund Aims
To invest worldwide in any economic sector primarily through investment trusts. The Fund aims to provide capital growth over the long term. Currently, in addition to investment trusts the Fund may also invest in other closed-ended and open-ended funds.
Fund Managers
Simin Li manager for:
8 years 0 months
Simin Li, vice president, is a portfolio manager in the Multi-Asset Solutions team, based in London, working onmulti-strategyportfolios. An employee since 2011, Simin was previously part of the Client Service team. Prior to this, Simin worked at Citigroup, in a fund administration role. Simin obtained a B.Sc. in Mathematics and Management from the University of Manchester.
manager for:
15 years 3 months
?David Chan, executive director, is an analyst in the U.S. Equity Research Group focused on the payments and business service sectors. David joined the Firm in 2018 after spending 10 years as an Investment Analyst at QVT Financial. He began his career at ZS Associates working as a management consultant. David received an M.B.A. from the University of Chicago, Booth School of Business and a B.S. in Industrial Engineering and Operations Research from the University of California, at Berkeley.
manager for:
18 years 10 months
Katy Thorneycroft,managing director, is a portfolio manager in the Multi-Asset Solutions team, focusing onmulti-strategy investing, including benchmark oriented, flexible and total return strategies, as well as funds of investment trusts. An employee since 1999, Katy was previously a portfolio manager in the convertible bonds team and a member of the Multi-Asset Solutions team in New York. Prior to this, Katy was a portfolio manager in the European Equity group in London focusing on small and mid-cap strategies. Katy obtained a M.Chem. from the University of Oxford and is a CFA charterholder.
Fund Overview
Price
Bid
1127.00p
Offer
1127.00p
(09/09/2022)
Annual Management Charge
1.25%
Top 10 Holdings
|
| Stock Name |
% Weight |
| Baillie Gifford & Co Limited Scottish Mortgage Investment Trust Plc Ord GBP0.05 |
8.4%
|
| Pershing Square Holdings Ltd. Pershing Square Holdings Ltd NPV GBP |
5.6%
|
| JPMorgan Funds Limited JPMorgan Global Growth & Income Plc Ord GBP0.05 |
5.3%
|
| Temple Bar Temple Bar Investment Trust Plc Ord GBP0.05 |
4.9%
|
| HgCapital HG Capital Trust plc Ord GBP0.025 |
3.5%
|
| Columbia Threadneedle Investment Trusts (ex BMO) F&C Investment Trust Ord GBP0.25 |
3.3%
|
| 3i Infrastructure Plc 3i Infrastructure plc Ord NPV |
3.0%
|
| JPMorgan Funds Limited JPMorgan Emerging Markets Investment Trust Plc Ord GBP0.25 |
3.0%
|
| Liontrust Fund Partners LLP The Edinburgh Investment Trust Plc Ord GBP0.25 |
2.9%
|
| JPMorgan Funds Limited The Mercantile Investment Trust Plc Ord |
2.9%
|
|
Total
|
42.9%
|
X-RayEquity Sector Allocation
| Financial Services |
84.9%
|
| Non-Classified |
13.8%
|
| Alternative Trading Strategies |
0.9%
|
| Bonds |
0.2%
|
Data accurate at: 30/04/2025
Performance figures show total return with no initial charge and net income reinvested, except for Offshore funds which show gross income reinvested.
Cumulative performance figures are calculated from the previous working day.
Discrete performance figures are calculated from the previous month end.
Data accurate at: 30/04/2025
Asset Allocation
|
|
Investment Trusts
|
97.5%
|
|
|
Managed Funds
|
2.5%
|
X-Ray Equity Sector Allocation
ICB Industries
ICB Supersectors
ICB Sectors
ICB Subsectors
ICB Industries
| Financials |
|
84.9% |
| Non-Classified |
|
14.0% |
| Alternative Trading Strategies |
|
0.9% |
| Cash and Equivalents |
|
0.2% |
ICB Supersectors
| Financial Services |
|
84.9% |
| Non-Classified |
|
14.0% |
| Alternative Trading Strategies |
|
0.9% |
| Cash and Equivalents |
|
0.2% |
ICB Sectors
| Equity Investment Instruments |
|
84.9% |
| Non-Classified |
|
14.0% |
| Alternative Trading Strategies |
|
0.9% |
| Cash and Equivalents |
|
0.2% |
ICB Subsectors
| Equity Investment Instruments |
|
84.9% |
| Non-Classified |
|
14.0% |
| Alternative Trading Strategies |
|
0.9% |
| Cash and Equivalents |
|
0.2% |
Interactive Sector Breakdown
Drill down to specific information by clicking the folders.
X-Ray
Regional
Allocation
Breakdown By Market Cap (%)
Top 10 Holdings
|
|---|
| Stock name | % Weight | Country | Sector |
| 1 | Baillie Gifford & Co Limited Scottish Mortgage Investment Trust Plc Ord GBP0.05 | 8.4 %
| Non-Classified | Financials |
| 2 | Pershing Square Holdings Ltd. Pershing Square Holdings Ltd NPV GBP | 5.6 %
| Non-Classified | Financials |
| 3 | JPMorgan Funds Limited JPMorgan Global Growth & Income Plc Ord GBP0.05 | 5.3 %
| Non-Classified | Financials |
| 4 | Temple Bar Temple Bar Investment Trust Plc Ord GBP0.05 | 4.9 %
| Non-Classified | Financials |
| 5 | HgCapital HG Capital Trust plc Ord GBP0.025 | 3.5 %
| Non-Classified | Financials |
| 6 | Columbia Threadneedle Investment Trusts (ex BMO) F&C Investment Trust Ord GBP0.25 | 3.3 %
| Non-Classified | Financials |
| 7 | 3i Infrastructure Plc 3i Infrastructure plc Ord NPV | 3.0 %
| Non-Classified | Financials |
| 8 | JPMorgan Funds Limited JPMorgan Emerging Markets Investment Trust Plc Ord GBP0.25 | 3.0 %
| Non-Classified | Financials |
| 9 | Liontrust Fund Partners LLP The Edinburgh Investment Trust Plc Ord GBP0.25 | 2.9 %
| Non-Classified | Financials |
| 10 | JPMorgan Funds Limited The Mercantile Investment Trust Plc Ord | 2.9 %
| Non-Classified | Financials |
|
X-Ray FL Dual Aspect Analysis
|
|---|
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Managed Funds | Property | Other | Cash & Equiv | Total |
| Financials | | | | | | | | 84.9%
| | 84.9%
|
| Cash and Equivalents | | | | | | | | | 0.2%
| 0.2%
|
| Bonds | | | 0.0%
| 0.1%
| | | | | | 0.2%
|
| Non-Classified | | 12.6%
| | | | | | 2.2%
| | 14.8%
|
| Total | | 12.6%
| 0.0%
| 0.1%
| | | | 87.1%
| 0.2%
| 100.0%
|
Distribution Details
Income Frequency
Annually
Distribution Type
Dividend
Distribution Payment Basis
Net
Charges
Discounted initial charge
0.000%
Net discounted AMC
0.625%
Annual Management Charge
1.25%
Distribution Dates
| Ex dividend date(s) |
Income payment date(s) |
| 01st February |
30th April |
Ratings
Aims & Benchmark
Benchmark
FTSE All-Share Equity Investment Instruments Index (Net)
Aims
To invest worldwide in any economic sector primarily through investment trusts. The Fund aims to provide capital growth over the long term. Currently, in addition to investment trusts the Fund may also invest in other closed-ended and open-ended funds.
Fund Administration
Fund Trustee/Depository
The National Westminster Bank plc
Fund Administrator
Internal
Fund Background
Valuation point
Daily 12:00
Fund currency
Pound Sterling
Fund domicile
United Kingdom
Group Details
Group name
JPMorgan Asset Management
Group address
60 Victoria Embankment
London
EC4Y 0JP
United Kingdom
Group telephone
0800 727 770
Dealing telephone
0207 742 9909
Dealing
Settlement period: buy
3 days
Settlement period: sell
3 days
Data accurate at: 30/04/2025
Risk Factors
Concentrated Portfolio
No
Investments Long Term
Yes
| Fund Specific Risks |
-
Charges to Capital - Part, or all of the periodic annual management fee(s) and expenses may be charged to
capital which could increase the potential for the capital value of your investment to be eroded. Your capital could
also decrease if income withdrawals exceed the growth rate of the fund(s).
-
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.
-
Geared Investments - The fund focuses on geared investments. Funds which focus on geared investments such
as warrants or options carry a higher degree of risk than other equity investments because of the risk of the underlying
investments. It is possible that the fund may suffer sudden and large falls in value so that the short fall on
cancellation, or the loss of the realisation on the investment at any time after the investor has bought the contract,
could be very high and could even equal the amount invested, in which case you would get nothing back.
-
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.
|
Equity Investment Instruments
Non-Classified
Cash and Equivalents
Australia
Canada
Singapore
United Kingdom
United States
France
Japan
Netherlands
Finland