Fact sheet: JPM Financials Bd

Fund information
Fund name
JPM Financials Bond A Acc NAV EUR
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund managers
  • Jeremy Kleinsince 28/11/2011
  • Bryan Wallacesince 28/11/2011
Fund objective
To achieve a return in excess of global bond markets by investing primarily in global investment grade senior and subordinated debt securities issued by companies from the financial, banking and insurance sectors (“Financial Companies”), using financial derivative instruments where appropriate.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.1%
1 Year rank in sector
182/287
Sector
FO Fixed Int - Global
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.
1%
Fund size
£162m (£68m 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.
65
Top in this sector
Fund name1 Year
Capital Group GHIOL34.5%
Dodge & Cox Global Bond27.5%
Russell Gbl Bd27.2%
La Mondiale Global Bond26.9%
Aberdeen Global II GlGovtBd26.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA40.2%
    UK13.9%
    France9.4%
    Money Market7.5%
    Luxembourg5.8%
  • Financials90%
    Money Market7.5%
    Cyclical Consumer Goods2.5%
  • US Fixed Interest40.2%
    UK Fixed Interest13.9%
    French Fixed Interest9.4%
    Money Market7.5%
    Luxembourg Fixed Interest5.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%2.3%4.3%5.1%15.3%-
Sector0%2%4.4%6.2%8.6%17.4%
Rank within sector243 / 305114 / 303150 / 301182 / 28767 / 228-
Quartile4th2nd2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund3.8%2.1%6.6%1.8%14.4%
Sector6.4%-1.6%3.7%-1.6%8.2%
Rank within sector219 / 29731 / 27577 / 23638 / 20424 / 169
Quartile3rd1st2nd1st1st
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.
2.29
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.
0.97
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.
0.56
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%.
3.21
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.
1.98
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.
1.1
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 high135.38
52 week low124.3
Current bid price-
Current offer price-
Current mid price134.53
Region
1USA40.21%
2UK13.88%
3France9.44%
4Money Market7.5%
5Luxembourg5.83%
6Netherlands5%
7Switzerland3.89%
8Sweden3.05%
9Italy2.96%
Industry sector
1Financials90%
2Money Market7.5%
3Cyclical Consumer Goods2.5%
Asset type
1US Fixed Interest40.21%
2UK Fixed Interest13.88%
3French Fixed Interest9.44%
4Money Market7.5%
5Luxembourg Fixed Interest5.83%
6Dutch Fixed Interest5%
7Swiss Fixed Interest3.89%
8Swedish Fixed Interest3.05%
9Italian Fixed Interest2.96%
Individual holdings
1BARCLAYS BANK PLC 2.625% SUB CALL NTS 11/11/25 EUR1000001.7%
2BANK OF AMERICA CORP 4.25% MTN 22/10/26 USD20001.4%
3ASSICURAZIONI GENERALI (ITALY) 7.750% 12/12/421.2%
4WELLS FARGO & CO 4.3% BDS 22/07/27 USD10001.2%
5GOLDMAN SACHS GROUP INC 4.25% BDS 21/10/25 USD20001.1%
6HSBC HLDGS 3.125% BDS 07/06/28 EUR2000001%
7SKANDINAVISKA ENSKILDA BANKEN 2.5% BDS 28/05/26 EUR10001%
8LLOYDS BANK PLC SUB CALL 5.75% TO FRN 9/7/25 GBP(VAR)0.9%
9BPCE 2.75%  08/07/260.8%
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 excess of global bond markets by investing primarily in global investment grade senior and subordinated debt securities issued by companies from the financial, banking and insurance sectors (“Financial Companies”), using financial derivative instruments where appropriate.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jeremy Klein28/11/2011Jeremy Klein, vice president, is a portfolio manager within the U.S. Investment Grade Corporate Credit Team. In this role, he is responsible for managing credit exposure across client portfolios. An employee since 2000, Jeremy was previously a member of the U.S. Fixed Income Portfolio Management Group, overseeing broad market accounts. Jeremy holds a B.S. in finance from the Wharton School of the University of Pennsylvania. He is also a CFA charterholder.
Bryan Wallace28/11/2011Bryan Wallace, executive director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. He is a portfolio manager within the European Investment Grade Corporate Credit Team and is responsible for managing credit exposure across client portfolios. Prior to joining the firm in August 2009, Bryan served as a portfolio manager at Credit Suisse for nine years, overseeing its €7 billion European credit portfolio business. Before that, he was a fixed income portfolio analyst at Salomon Brothers and a fund accountant at the Bank of Bermuda. Bryan holds a B.B.S. in economics from the University of Limerick (Ireland), an Irish Institute of Banking diploma from University College Dublin (Ireland) and a postgraduate diploma in investment management from Dublin City University (Ireland). Bryan is also a fellow of the Securities Institute UK, a Registered Investment Manager with the Financial Services Authority (FSA) and a Registered Foreign Broker-Dealer with the Securities and Exchange Commission (SEC).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Belgium, Switzerland, Curacao, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Ireland, Italy, Jersey, Luxembourg, Norway, Offshore, Portugal, Sweden
JPM Financials Bond A Acc EUR
Initial charge3%
Annual charge0.8%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price133.86
Offer price138.57
Mid price-
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0LRS
JPM Financials Bond A Acc NAV EUR
Initial charge3%
Annual charge0.8%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price134.53
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0LRR
JPM Financials Bond A Dis EUR
Initial charge3%
Annual charge0.8%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price107.95
Offer price111.74
Mid price-
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0LRW
JPM Financials Bond A Dis NAV EUR
Initial charge3%
Annual charge0.8%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price108.49
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0LRV
JPM Financials Bond A Inc EUR
Initial charge3%
Annual charge0.8%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price114.86
Offer price118.9
Mid price-
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0LRU
JPM Financials Bond A Inc NAV EUR
Initial charge3%
Annual charge0.8%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price115.44
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0LRT
JPM Financials Bond C Div EUR
Initial charge-
Annual charge0.4%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.55%
Bid price100.56
Offer price100.56
Mid price-
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE2IK
JPM Financials Bond C Div NAV EUR
Initial charge-
Annual charge0.4%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price100.56
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE2IL
JPM Financials Bond D Acc EUR
Initial charge3%
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price131.29
Offer price135.91
Mid price-
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0LRY
JPM Financials Bond D Acc NAV EUR
Initial charge3%
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price131.95
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0LRX
JPM Financials Bond D Dis EUR
Initial charge3%
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price105.89
Offer price109.61
Mid price-
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0LS0
JPM Financials Bond D Dis NAV EUR
Initial charge3%
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price106.42
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0LRZ
JPM Financials Bond T Dis EUR
Initial charge3%
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price106.42
Offer price106.42
Mid price-
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0LS2
JPM Financials Bond T Dis NAV EUR
Initial charge3%
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price106.42
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0LS1
Data provided by

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