Fact sheet: JP Morgan Gbl Conv Inc

Fund information
Fund name
JP Morgan Global Convertibles Income
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund managers
  • Robin Dunmallsince 10/06/2013
  • Natalia Buccisince 10/06/2013
  • Antony Valleesince 10/06/2013
Fund objective
The Company aims to deliver dividend income with the potential for long term capital growth, from investing in a globally diversified portfolio of convertible securities.
Benchmark
  • MSCI World Index (Net)
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
2.8%
1 Year rank in sector
15/21
Sector
IT Debt
Yield
5%
Fund size
£175m
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.
69
Mid price
89.5
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.
97.77
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.
-8.46
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.
114
Top in this sector
Fund name1 Year
Duet Real Estate Fin Ltd598.5%
Volta Finance Limited15.5%
Fair Oaks Income Fund Ltd13.8%
Blackstone/GSO Loan Fin Ltd11.6%
Carador Income PLC9.2%
...more in IT Debt

Performance snapshot

Holdings snapshot

  • No data available.
  • Communications21.9%
    Real Estate21%
    Cyclical Consumer Goods13.7%
    Industrials7.2%
    Energy6.8%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%0.3%1.4%2.8%-3.4%-
Sector-0.7%1.3%8.5%9.3%9.5%16.2%
Rank within sector20 / 2415 / 2419 / 2215 / 2110 / 11-
Quartile4th3rd4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund3.3%-6.9%0.9%--
Sector9.6%-2.6%2.4%9.2%-4.2%
Rank within sector14 / 2212 / 159 / 11--
Quartile3rd4th4th
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.
-2.96
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.
0.7
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.
-0
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%.
7.72
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.
7.15
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.
-0.56
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.
0.18
Price movement
52 week high94.75
52 week low84.5
Current bid price89.25
Current offer price91.5
Current mid price89.5
Region
No data available.
Industry sector
1Communications21.9%
2Real Estate21%
3Cyclical Consumer Goods13.7%
4Industrials7.2%
5Energy6.8%
6Technology6.5%
7Banks6%
8Other Financial4.8%
9Basic Materials4.3%
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund objective
The Company aims to deliver dividend income with the potential for long term capital growth, from investing in a globally diversified portfolio of convertible securities.
Benchmark
  • MSCI World Index (Net)
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Robin Dunmall10/06/2013Robin Dunmall, vice president, is a junior portfolio manager in the Asset Management Solutions - Global Multi-Asset Group, based in London, focusing on convertible bond portfolios. An employee since 2008, Robin joined the firm as a graduate trainee having obtained a BA (Hons) in Economics from the University of Cambridge and is a CFA charterholder.
Natalia Bucci10/06/2013Present: Executive Director since 9/2005 (JP Morgan Asset Management) Previous: Private Wealth Management 2003 - 2005 (Goldman Sachs) Education: Princeton University Master in Finance (MFIN), Finance, 2001 – 2003 Università Commerciale 'Luigi Bocconi' 1995 – 2000
Antony Vallee10/06/2013
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Offshore
JP Morgan Global Convertibles Income
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 price97.98
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJKG
Data provided by

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