Fact sheet: JPM Flx Crd

Fund information
Fund name
JPM Flexible Credit A Acc NAV USD
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund managers
  • Lisa Colemansince 20/01/2010
  • Andreas Michalitsianossince 30/03/2014
Fund objective
To achieve a return in excess of global corporate bond markets by investing primarily in global corporate debt securities. These securities will be either investment grade, or a combination of investment grade and below investment grade, with active asset allocation between these security types. Financial derivative instruments will be used where appropriate.
Benchmark
  • Barclays Multiverse Corporate
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.9%
1 Year rank in sector
6/9
Sector
FO Fixed Int - USD Corporate Bond
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
£223m (£184m 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.
77
Top in this sector
Fund name1 Year
Franklin Floating Rate II9.4%
StanLife Inv EM Corp Bd6.9%
NN (L) US Credit4.9%
Natixis Dur Hgd Gbl Corp Bd4.4%
Russell OW US Credit4.1%
...more in FO Fixed Int - USD Corporate Bond

Performance snapshot

Holdings snapshot

  • USA54%
    Money Market7.4%
    UK6.8%
    France5.2%
    Germany3.8%
  • Financials19.5%
    Communications16.4%
    Cyclical Consumer Goods11.8%
    Non-Cyclical Consumer Goods10.8%
    Money Market7.4%
  • US Fixed Interest54%
    Money Market7.4%
    UK Fixed Interest6.8%
    French Fixed Interest5.2%
    German Fixed Interest3.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-1.4%2%3.9%10%27.9%
Sector-1.1%-2.2%1.8%5.3%11.4%22.3%
Rank within sector4 / 124 / 104 / 106 / 93 / 62 / 4
Quartile2nd2nd2nd3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund5%-1.4%5.6%2.4%11.5%
Sector6.7%-1.2%5.4%-1.5%10.2%
Rank within sector6 / 95 / 94 / 62 / 52 / 4
Quartile3rd3rd3rd2nd2nd
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.
-0.05
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.
0.9
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%.
3.49
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.
1.5
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.
-0.27
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.
0.82
Price movement
52 week high14.68
52 week low13.36
Current bid price-
Current offer price-
Current mid price14.44
Region
1USA53.96%
2Money Market7.4%
3UK6.76%
4France5.19%
5Germany3.8%
6Luxembourg3.61%
7Italy2.5%
8Netherlands2.41%
9Spain1.94%
Industry sector
1Financials19.5%
2Communications16.4%
3Cyclical Consumer Goods11.8%
4Non-Cyclical Consumer Goods10.8%
5Money Market7.4%
6Energy7%
7Capital Goods6.3%
8Basic Industries5.3%
9Utilities4.7%
Asset type
1US Fixed Interest53.96%
2Money Market7.4%
3UK Fixed Interest6.76%
4French Fixed Interest5.19%
5German Fixed Interest3.8%
6Luxembourg Fixed Interest3.61%
7Italian Fixed Interest2.5%
8Dutch Fixed Interest2.41%
9Spanish Fixed Interest1.94%
Individual holdings
1BARCLAYS 2.625 11/11/250.8%
2GOLDMAN SACHS 5.375 29/12/990.6%
3BANK OF AMERICA 1.516 01/04/190.5%
4EURAZEO 5.750 15/06/220.5%
5KBC 5.625 29/12/990.5%
6LIBERTY GLOBAL 5.125 21/01/230.5%
7LIBERTY GLOBAL 6.375 15/09/220.5%
8SES 4.625 29/12/490.5%
9TELENET FINANCE LUXEMBOURG 6.25% BDS 15/08/22 EUR1000 REG S0.5%
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 corporate bond markets by investing primarily in global corporate debt securities. These securities will be either investment grade, or a combination of investment grade and below investment grade, with active asset allocation between these security types. Financial derivative instruments will be used where appropriate.
Benchmark
  • Barclays Multiverse Corporate
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Lisa Coleman20/01/2010Lisa Coleman, managing director, is the head of the Global Investment Grade Corporate Credit Team. In this role, she is responsible for overseeing the activities of our investment grade credit sector specialists based in New York and London. Prior to joining the firm in 2008, Lisa was at Schroder Investment Management for eight years, serving as the head of Global Credit Strategies and the head of European Fixed Income. Previously, she was at Allmerica Financial for six years, managing core and corporate bond portfolios. Before this, Lisa was Deputy Manager of Global Fixed Income at Brown Brothers Harriman for five years, managing corporate bond, asset-backed security, mortgage-backed security and government bond portfolios. Between 1986 and 1989, Lisa worked at Merrill Lynch in foreign exchange sales and at Travelers Insurance Company as an analyst and portfolio manager. Lisa began her career at the Federal Reserve Bank of New York in 1981, holding roles in the foreign exchange and foreign relations departments. Lisa holds a B.A. in economics from Trinity College, Hartford, Connecticut and a M.A. in international banking and finance from the School of International and Public Affairs at Columbia University, New York. In addition, she is a CFA charterholder and holds the Investment Management Certificate from the UK Society of Investment Professionals.
Andreas Michalitsianos30/03/2014Andreas Michalitsianos, vice president, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in London, he is a portfolio manager within the European Investment Grade Corporate Credit Team and is responsible for managing credit exposure across client portfolios. An employee since 2002, Andreas previously worked as a portfolio manager in the Long Duration group in New York. He received a B.Sc. (Hons.) in biochemistry from the University of Warwick in England and is a CFA charterholder
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Curacao, Cyprus, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Greece, Ireland, Italy, Jersey, Republic Of Korea, Luxembourg, Netherlands, Norway, Offshore, Portugal, Sweden
JPM Flexible Credit A Acc NAV USD
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 price14.44
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI4X3
JPM Flexible Credit A Acc USD
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 price14.37
Offer price14.87
Mid price-
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI4X1
JPM Flexible Credit A Hedged 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 price10
Offer price10.35
Mid price-
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI4X2
JPM Flexible Credit A Hedged 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 price10.05
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI4X4
JPM Flexible Credit A Hedged Div 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 price73.71
Offer price76.3
Mid price-
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG1RJ
JPM Flexible Credit A Hedged Div 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 price74.08
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG1RK
JPM Flexible Credit C Acc NAV USD
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 price105.02
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPVR
JPM Flexible Credit C Acc USD
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 price105.02
Offer price105.02
Mid price-
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPVQ
JPM Flexible Credit C Hedged Acc 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 price82.93
Offer price82.93
Mid price-
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF63A
JPM Flexible Credit C Hedged Acc 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 price82.93
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF62Z
JPM Flexible Credit D Hedged 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 price91.43
Offer price94.65
Mid price-
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLNR1
JPM Flexible Credit D Hedged 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 price91.89
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLNR2
JPM Flexible Credit D Hedged Div 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 price64.52
Offer price66.79
Mid price-
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code03ZF
JPM Flexible Credit D Hedged Div 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 price64.84
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code03ZG
JPM Flexible Credit T Hedged 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 price84.94
Offer price84.94
Mid price-
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA1FU
JPM Flexible Credit T Hedged 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 price84.94
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA1FV
JPM Flexible Credit T Hedged Div 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 price69.08
Offer price69.08
Mid price-
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMYE3
JPM Flexible Credit T Hedged Div 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 price69.08
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMYE4
JPM Flexible Credit X Hedged Acc EUR
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 price77.1
Offer price77.1
Mid price-
CurrencyEUR
Price updated30/01/2013
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0KQA
JPM Flexible Credit X Hedged Acc NAV EUR
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 price77.1
CurrencyEUR
Price updated30/01/2013
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0KQ9
Data provided by

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