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
Aims to achieve achieve capital capital growth from North American American investments investments by outperformance outperformance of the S&P 500 index. The company company will predominantly predominantly invest in quoted companies companies including, including, when appropriate, appropriate, exposure exposure to smaller smaller capitalisation capitalisation companies, companies, and emphasise emphasise capital capital growth rather than income. income. The company company has the ability ability to use borrowing borrowing to gear the portfolio portfolio within the range of 5% net cash to 20% geared in normal market conditions.
Benchmark
  • S&P 500
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
31.1%
1 Year rank in sector
5/6
Sector
IT North America Equities
Yield
1.3%
Fund size
£933m
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.
114
Mid price
374.3
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.
393.97
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.
-4.99
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.
100
Top in this sector
Fund name1 Year
Gabelli Value Plus Trust PLC41%
Canadian General Inv40.4%
Middlefield Cndn Inc Tst36.6%
The NthAmrcn InTstplc34.2%
JP Morgan American IT plc31.1%
...more in IT North America Equities

Performance snapshot

Holdings snapshot

  • North America98.9%
    Money Market1.1%
  • Information Technology26.3%
    Health Care18.1%
    Financials14%
    Consumer Discretionary11.6%
    Consumer Staples10.7%
  • North American Equities98.9%
    Money Market1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%-0.3%4.4%31.1%64%125.4%
Sector-1.8%-2.1%4.5%35.9%43.4%80.4%
Rank within sector2 / 62 / 63 / 65 / 61 / 51 / 4
Quartile2nd2nd2nd4th1st1st
Calendar performance
 YTD - 20172016201520142013
Fund2.1%34.9%-2.4%22.6%33%
Sector-0.1%42.4%-7.7%8.6%18%
Rank within sector2 / 64 / 63 / 51 / 51 / 5
Quartile2nd3rd3rd1st1st
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.
6.41
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.
0.86
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.
1.23
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.
7.69
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.
0.55
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.
0.62
Price movement
52 week high392.1
52 week low288.5
Current bid price374.3
Current offer price374.5
Current mid price374.3
Region
1North America98.9%
2Money Market1.1%
Industry sector
1Information Technology26.3%
2Health Care18.1%
3Financials14%
4Consumer Discretionary11.6%
5Consumer Staples10.7%
6Industrials7.1%
7Energy5.3%
8Utilities3.4%
9Telecommunications Utilities2.2%
Asset type
1North American Equities98.9%
2Money Market1.1%
Individual holdings
1APPLE INC6.7%
2MICROSOFT CORP5.5%
3CITIGROUP INC3.2%
4AMGEN INC2.1%
5MCDONALDS HOLDINGS CO(JAPAN)2.1%
6WALGREENS BOOTS ALLIANCE2.1%
7AMERICAN INTERNATIONAL GROUP INC2%
8GILEAD SCIENCES INC2%
9HUMANA INC2%
Management
Fund manager group
J.P. Morgan Asset Management
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund objective
Aims to achieve achieve capital capital growth from North American American investments investments by outperformance outperformance of the S&P 500 index. The company company will predominantly predominantly invest in quoted companies companies including, including, when appropriate, appropriate, exposure exposure to smaller smaller capitalisation capitalisation companies, companies, and emphasise emphasise capital capital growth rather than income. income. The company company has the ability ability to use borrowing borrowing to gear the portfolio portfolio within the range of 5% net cash to 20% geared in normal market conditions.
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 price393.44
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJKN
Data provided by

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