Fact sheet: JP Morgan American IT plc

Fund information
Fund name
JP Morgan American IT plc
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund managers
  • Eytan Shapirosince 01/01/2005
  • Garrett Fishsince 01/01/2003
Accolades
 Winner - North America
Fund objective
To achieve capital growth from North American investments by outperformance of the Company’s benchmark.
Benchmark
  • S&P 500
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
29.8%
1 Year rank in sector
4/6
Sector
IT North America Equities
Yield
1.3%
Fund size
£923m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
113
Mid price
356.6
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
365.09
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-3.31
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
109
Top in this sector
Fund name1 Year
The NthAmrcn InTstplc50.5%
Middlefield Cndn Inc Tst47.5%
Blkrk Nth Amr Inc Tst47.4%
JP Morgan American IT plc29.8%
Gabelli Value Plus Trust PLC27.9%
...more in IT North America Equities

Performance snapshot

Holdings snapshot

  • North America99.5%
    Money Market0.5%
  • Information Technology26.4%
    Health Care17.7%
    Consumer Staples12.7%
    Consumer Discretionary10.2%
    Financials10.2%
  • North American Equities99.5%
    Money Market0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.9%9.5%24.2%29.8%55.3%127.3%
Sector4%8.6%26.1%34.8%36.2%77.6%
Rank within sector4 / 65 / 65 / 64 / 63 / 51 / 4
Quartile3rd4th4th3rd3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund30.3%-2.4%21.8%33%7.3%
Sector35%-7.7%8.6%18%8.1%
Rank within sector4 / 63 / 51 / 51 / 52 / 4
Quartile3rd3rd1st1st2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
6.98
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.83
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
1.03
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.38
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
7.62
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.65
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.64
Price movement
52 week high362.4
52 week low245.9
Current bid price356.5
Current offer price357.5
Current mid price356.6
Region
1North America99.5%
2Money Market0.5%
Industry sector
1Information Technology26.4%
2Health Care17.7%
3Consumer Staples12.7%
4Consumer Discretionary10.2%
5Financials10.2%
6Industrials8.4%
7Energy7%
8Utilities4.1%
9Telecommunications Utilities2.7%
Asset type
1North American Equities99.5%
2Money Market0.5%
Individual holdings
1APPLE INC6%
2MICROSOFT CORP5.4%
3NORTHROP GRUMMAN CORP3%
4QUALCOMM INC2.9%
5CITIGROUP INC2.5%
6GILEAD SCIENCES INC2.5%
7JOHNSON & JOHNSON2.2%
8AMGEN INC2%
9MCDONALD`S CORP2%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund objective
To achieve capital growth from North American investments by outperformance of the Company’s benchmark.
Benchmark
  • S&P 500
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Eytan Shapiro01/01/2005Eytan Shapiro, CFA, is a portfolio manager in the U.S. Equity Group. An employee since 1985, he is responsible for managing the U.S. small cap growth strategy, which includes the JPMorgan Small Cap Growth Fund, JPMorgan Dynamic Small Cap Growth Fund, and the JPMorgan U.S. Small Cap Growth Fund. Prior to joining the small cap team in 1992, Eytan worked as a portfolio manager in the firm's Hong Kong office. He had previously been an investment analyst at Philips & Drew in London. Education: B.Sc., Economics, City University, London M.Phil., Economics, Oxford University
Garrett Fish01/01/2003Garrett T. Fish, vice president, is a portfolio manager and analyst in the U.S. Equity Group. An employee from 1994 to 1997 and since January 2002, Garrett is portfolio manager of the Luxembourg-domiciled JPMF America Large Cap Fund and JPMF Institutional U.S. Equity Fund. He is also responsible for analytical coverage of the telecommunications sector. Prior to joining the firm, Garrett was with Merrill Lynch Investment Managers in London as a U.S. fund manager; JPMorgan Fleming's JF Asset Management as a member of the team responsible for Hong Kong- and Japan-based pension funds, and Aetna Capital Management as an account manager. Garrett holds a B.A. in Japanese history from Bates College and is also a CFA charterholder.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
JP Morgan American IT plc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price371.66
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJKN
Data provided by

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