Fact sheet: JPM Global Macro Balanced

Fund information
Fund name
JPM Global Macro Balanced C Acc
Fund manager company
JP Morgan Asset Management UK
Fund type
OEIC
Fund managers
  • James Elliotsince 21/12/2012
  • Gareth Witcombsince 21/12/2012
  • Talib Sheikhsince 30/06/2005
Accolades
Fund objective
The Fund aims to achieve capital growth in excess of its benchmark by investing in a global portfolio of assets. The Fund will primarily invest in Debt Securities (which may include Below-Investment Grade Bonds and Unrated Securities), Convertible Bonds, Equity securities (which may include smaller companies) and short-term securities.
Benchmark
No data available.
Investment style
Cautious,Active
Investment method
None
Quick stats
1 Year return
-1.6%
1 Year rank in sector
75/75
Sector
UT Mixed Investment 0%-35% Shares
Yield
1%
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.
0.78%
Fund size
£181m (£167m 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.
34
Mid price
122.8
Top in this sector
Fund name1 Year
BlackRock NURS II Consensus 3515.7%
SVS TPI Cautious 315.1%
Old Mutual Cirilium Cons12.2%
SJP Strategic Income11.9%
7IM AAP Income10.7%
...more in UT Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • North America43.3%
    Europe ex UK19.2%
    UK13.6%
    Pacific ex-Japan12.6%
    Money Market5%
  • No data available.
  • Asia Pacific ex Japan Fixed Interest31.1%
    Europe ex UK Fixed Interest19.2%
    North American Fixed Interest13.3%
    Europe ex UK Equities12.8%
    North American Equities11%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.7%-5.2%-3.8%-1.6%12.5%14.4%
Sector-0.8%-1.3%4.1%6.3%13.1%25.3%
Rank within sector83 / 8383 / 8382 / 8275 / 7539 / 5840 / 41
Quartile4th4th4th4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund-1.4%3.9%8.2%10.7%-5.9%
Sector6.6%0.3%5.2%4.2%6.3%
Rank within sector75 / 752 / 618 / 581 / 5143 / 43
Quartile4th1st1st1st4th
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.
0.96
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.
0.74
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.
0.08
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%.
4.57
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.
3.61
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.
-0.02
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.
0.42
Price movement
52 week high131.4
52 week low122.3
Current bid price-
Current offer price-
Current mid price122.8
Region
1North America43.33%
2Europe ex UK19.24%
3UK13.57%
4Pacific ex-Japan12.61%
5Money Market5%
6Global Emerging Markets3.75%
7Japan2.5%
Industry sector
No data available.
Asset type
1Asia Pacific ex Japan Fixed Interest31.1%
2Europe ex UK Fixed Interest19.2%
3North American Fixed Interest13.3%
4Europe ex UK Equities12.8%
5North American Equities11%
6Money Market10.9%
7UK Equities5.6%
8Japanese Equities1.9%
9Global Emerging Market Equities0.8%
Individual holdings
1ENEL SPA1.4%
2IMPERIAL BRANDS PLC1.2%
3NIPPON TELEGRAPH & TELEPHONE CORP1.2%
4SNAM SPA1.2%
5ALPHABET INC1.1%
6GLAXOSMITHKLINE1.1%
7RAYTHEON CO1.1%
8ASTELLAS PHARMA INC1%
9MARINE HARVEST ASA1%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Asset Management UK
Fund type
OEIC
Fund objective
The Fund aims to achieve capital growth in excess of its benchmark by investing in a global portfolio of assets. The Fund will primarily invest in Debt Securities (which may include Below-Investment Grade Bonds and Unrated Securities), Convertible Bonds, Equity securities (which may include smaller companies) and short-term securities.
Benchmark
No data available.
Investment style
Cautious,Active
Investment method
None
Fund managers
NameSinceBiography
James Elliot21/12/2012James Elliot, is the Chief Investment Officer (“CIO”) of the International business of the Multi-Asset Solutions Group, based in London. James is responsible for investment oversight of all mandates managed by the Multi-Asset Solutions Group in London and Hong Kong, in addition to contributing to the team’s views on broad macroeconomic themes that are reflected across all portfolios managed globally by the Multi-Asset Solutions Group. James is also responsible for managing macro-thematic portfolios. James joined J.P. Morgan in 1995. Prior to his current role, James was CIO for the JPMAM Japanese Equity Portfolio Group based in Tokyo and, previously, was co-head of the JPMAM European Equity Group based in London. James left J.P. Morgan for a period of time and worked at RAB Capital plc, where he served as the Director of Europe Equities and manager of the RAB Europe Long/Short Fund. He obtained a B.A. in Modern History from the University of Oxford and is a CFA charterholder.
Gareth Witcomb21/12/2012Gareth Witcomb, vice president, is a portfolio manager in the Global Multi-Asset Group, based in London. Gareth works on total return portfolios, supports the convertible bond business and implements tactical asset allocation decisions across balanced and overlay accounts. An employee since 1998, Gareth previously supervised the Cash Management Team for equity, balanced and emerging market portfolios. Gareth obtained a BA in History and Politics from University College Wales.
Talib Sheikh30/06/2005Talib is a portfolio manager for the Multi-Asset Solutions Group, based in London. He is primarily responsible for managing total return portfolios and is a member of the Global Strategy Team which establishes broad macroeconomic themes that are reflected across all portfolios managed globally by the team. Talib has managed balanced and tactical asset allocation overlay accounts since 2002. An employee since 1998, he was previously an Assistant Portfolio Manager in the derivatives implementation team in London. He is a CFA charterholder.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Jersey
JPM Global Macro Balanced A Acc
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price66.7
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJT88
JPM Global Macro Balanced A Inc
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price58.49
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJT89
JPM Global Macro Balanced B Acc
Initial charge-
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price67.78
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YCS
JPM Global Macro Balanced B Inc
Initial charge-
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0YCT
JPM Global Macro Balanced C Acc
Initial charge-
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price122.8
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YCU
JPM Global Macro Balanced C Gr Acc
Initial charge-
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price123.8
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0LS3
JPM Global Macro Balanced C Gr Inc
Initial charge-
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price112.6
CurrencyGBX
Price updated29/08/2014
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0LS4
JPM Global Macro Balanced C Inc
Initial charge-
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price107.8
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeB9E9
JPM Global Macro Balanced I Acc
Initial charge-
Annual charge0.6%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price71.65
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJT90
JPM Global Macro Balanced I Gr Acc
Initial charge-
Annual charge0.6%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price134.2
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeO973
JPM Global Macro Balanced I Inc
Initial charge-
Annual charge0.6%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price58.54
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJT91
JPM Global Macro Balanced X Acc
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 price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0YCW
JPM Global Macro Balanced X Gr Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.06%
Bid price-
Offer price-
Mid price117
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM0O0
JPM Global Macro Balanced X Gr Inc
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 price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0YCV
JPM Global Macro Balanced 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 price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0YCX
Data provided by

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