Fact sheet: JPM EU Government Bd

Fund information
Fund name
JPM EU Government Bond D Acc NAV
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund manager
  • David Tansince 16/04/2008
Fund objective
To achieve a return in line with the benchmark by investing primarily in a portfolio of EU-domiciled government debt securities.
Benchmark
  • J.P. Morgan EMU Government Bond Investment Grade Index 1-3 years
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-0.5%
1 Year rank in sector
15/34
Sector
FO Fixed Int - EUR Government
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.8%
Fund size
£1,201m (£1,559m last year)
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.
79
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Performance snapshot

Holdings snapshot

  • Italy35.4%
    France22.8%
    Spain14.7%
    Belgium7.1%
    Germany6.2%
  • BBB55.3%
    AA35.2%
    AAA6.8%
    A2.1%
    Money Market0.6%
  • Italian Fixed Interest35.4%
    French Fixed Interest22.8%
    Spanish Fixed Interest14.7%
    Belgian Fixed Interest7.1%
    German Fixed Interest6.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-0.8%-5%-0.5%12.4%26%
Sector-0.8%-1.3%-4.9%-1%10.3%21.6%
Rank within sector25 / 3315 / 3327 / 3315 / 3416 / 3110 / 26
Quartile4th2nd4th2nd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund-1.8%2.8%1%12.9%1.5%
Sector-1.5%2.2%0.4%11.4%1%
Rank within sector26 / 3219 / 3213 / 3214 / 3116 / 27
Quartile4th3rd2nd2nd3rd
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.
0.42
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.
1.05
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.
0.1
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%.
4.66
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.
0.8
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.
0.7
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.
0.97
Price movement
52 week high15.42
52 week low14.49
Current bid price-
Current offer price-
Current mid price14.58
Region
1Italy35.38%
2France22.76%
3Spain14.71%
4Belgium7.06%
5Germany6.16%
6Netherlands3.68%
7Austria2.98%
8Poland2.19%
9Ireland1.99%
Industry sector
1BBB55.3%
2AA35.2%
3AAA6.8%
4A2.1%
5Money Market0.6%
Asset type
1Italian Fixed Interest35.38%
2French Fixed Interest22.76%
3Spanish Fixed Interest14.71%
4Belgian Fixed Interest7.06%
5German Fixed Interest6.16%
6Dutch Fixed Interest3.68%
7Austrian Fixed Interest2.98%
8Polish Fixed Interest2.19%
9Irish Fixed Interest1.99%
Individual holdings
1ITALY(REPUBLIC OF) 2.15% NTS 12/11/17 EUR10006.3%
2ITALY(REPUBLIC OF) 1.15% BDS 15/05/17 EUR10003.1%
3GOVERNMENT OF FRANCE 0.300 04/11/213%
4GOVERNMENT OF BELGIUM 0.200 31/07/182.9%
5SPAIN(KINGDOM OF) 1.95% BDS 30/04/26 EUR10002.9%
6ITALY(REPUBLIC OF) 2.5% NTS 01/05/19 EUR10002.6%
7GOVERNMENT OF GERMANY 0.125 01/06/202.5%
8ITALY(REPUBLIC OF) 1.5% BDS 01/08/19 EUR10002.4%
9GOVERNMENT OF FRANCE 1.250 21/10/272.3%
Management
Fund manager group
JP Morgan
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund objective
To achieve a return in line with the benchmark by investing primarily in a portfolio of EU-domiciled government debt securities.
Benchmark
  • J.P. Morgan EMU Government Bond Investment Grade Index 1-3 years
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
David Tan16/04/2008David Tan, managing director, is the head of the Global Rates team in the Global Fixed Income, Currency & Commodities (GFICC) group. In this role, he also serves as the lead portfolio manager in the International Fixed Income Group, managing government bond portfolios for institutional clients, in particular Central Banks and Sovereign Wealth Funds, as well as our range of Government Bond Funds. An employee since 1997, he previously worked in the Singapore office. David has also worked for six years at the UK Treasury as an economic adviser in the Debt and Reserves Management Division. Before this, David worked in the fixed income markets with Morgan Guaranty Trust in Singapore. David obtained an M.A. in economics from the University of Cambridge and an M.Sc. in economics from the London School of Economics.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Curacao, Germany, Spain, Estonia, Finland, France, United Kingdom, Greece, Hungary, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Poland, Portugal, Sweden
JPM EU Government Bond A Acc
Initial charge3%
Annual charge0.4%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price14.771
Offer price15.29
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDHO4
JPM EU Government Bond A Acc NAV
Initial charge3%
Annual charge0.4%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price14.845
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDRL4
JPM EU Government Bond A Dist EUR
Initial charge3%
Annual charge0.4%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price109.599
Offer price113.455
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFDIU
JPM EU Government Bond A Dist NAV EUR
Initial charge3%
Annual charge0.4%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price110.15
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFDIV
JPM EU Government Bond A Inc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price111.61
Offer price115.54
Mid price-
CurrencyEUR
Price updated10/08/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFDLO
JPM EU Government Bond A Inc NAV EUR
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 price112.17
CurrencyEUR
Price updated10/08/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFDLP
JPM EU Government Bond C Acc
Initial charge-
Annual charge0.25%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.4%
Total expense ratio (TER)0.4%
Bid price15.589
Offer price15.589
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDRL7
JPM EU Government Bond C Acc NAV
Initial charge-
Annual charge0.25%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.4%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price15.589
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDRL8
JPM EU Government Bond C Dis EUR
Initial charge-
Annual charge0.25%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.4%
Total expense ratio (TER)0.4%
Bid price110.757
Offer price110.757
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF5EC
JPM EU Government Bond C Dis NAV EUR
Initial charge-
Annual charge0.25%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.4%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price110.757
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF5EB
JPM EU Government Bond D Acc
Initial charge3%
Annual charge0.4%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.8%
Bid price14.507
Offer price15.017
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDRL9
JPM EU Government Bond D Acc NAV
Initial charge3%
Annual charge0.4%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price14.58
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDRM0
JPM EU Government Bond I Acc EUR
Initial charge-
Annual charge0.25%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.36%
Total expense ratio (TER)0.36%
Bid price117.511
Offer price117.511
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFDCO
JPM EU Government Bond I Acc NAV EUR
Initial charge-
Annual charge0.25%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.36%
Total expense ratio (TER)0.36%
Bid price-
Offer price-
Mid price117.511
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFDCN
JPM EU Government Bond X Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.1%
Bid price126.946
Offer price126.946
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKJ2
JPM EU Government Bond X Acc NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price126.946
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKJ1
JPM EU Government Bond X Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price10.61
Offer price10.61
Mid price-
CurrencyEUR
Price updated05/11/2008
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDRM1
JPM EU Government Bond X Inc NAV
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 price10.61
CurrencyEUR
Price updated05/11/2008
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDRM2
Data provided by

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