Fact sheet: JPM Russian Securities plc

Fund information
Fund name
JP Morgan Russian Securities plc
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund managers
  • Oleg Biryulyovsince 01/01/2002
Fund objective
The Company Company aims to provide provide shareholders shareholders with capital capital growth from investment investment in a diversified diversified portfolio portfolio of investments investments primarily primarily in quoted Russian Russian companies companies or other companies companies which operate operate principally principally in Russia. Russia. The company company may also invest up to 10% of its gross assets in companies companies that operate operate or are located located in former Soviet Union Republics. Republics. The Company Company has the ability ability to use borrowing borrowing to gear the portfolio portfolio within the range of 10% net cash to 15% geared in normal market conditions.
Benchmark
  • MSCI 10/40 Russian Equity Indices Idx
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
91.3%
1 Year rank in sector
1/1
Sector
IT Country Specialists Europe
Yield
2.7%
Fund size
£271m
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.
173
Mid price
518.25
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.
617.19
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.
-16.03
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.
101
Top in this sector
Fund name1 Year
JPM Russian Securities plc91.3%
...more in IT Country Specialists Europe

Performance snapshot

Holdings snapshot

  • Russia99.4%
    Money Market0.6%
  • Energy42.3%
    Financials20%
    Materials13.5%
    Consumer Staples12.1%
    Consumer Discretionary4.2%
  • Russian Equities99.4%
    Money Market0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.9%15.7%32.4%91.3%19.7%8.4%
Sector-5.9%15.7%32.4%91.3%15.6%46.5%
Rank within sector1 / 11 / 11 / 11 / 11 / 11 / 1
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund0.1%87.5%12.4%-46.6%3.7%
Sector0.1%87.5%-12.4%-31.6%40.3%
Rank within sector1 / 11 / 11 / 11 / 11 / 1
Quartile
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.
5.79
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.
0.64
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.
0.19
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%.
27.81
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.
22.42
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.
0.12
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.
0.51
Price movement
52 week high563
52 week low280
Current bid price515
Current offer price521.5
Current mid price518.25
Region
1Russia99.4%
2Money Market0.6%
Industry sector
1Energy42.3%
2Financials20%
3Materials13.5%
4Consumer Staples12.1%
5Consumer Discretionary4.2%
6Information Technology2.1%
7Telecommunications Utilities1.8%
8Real Estate1.6%
9Health Care1.4%
Asset type
1Russian Equities99.4%
2Money Market0.6%
Individual holdings
1SBERBANK OF RUSSIA15.4%
2GAZPROM OAO14.6%
3LUKOIL OAO8.2%
4MAGNIT PJSC7.5%
5NOVATEK PAO6.6%
6ROSNEFT OIL CO6.1%
7TATNEFTEPROM4.2%
8MMC NORILSK NICKEL PJSC4.1%
9ALROSA ZAO3.6%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund objective
The Company Company aims to provide provide shareholders shareholders with capital capital growth from investment investment in a diversified diversified portfolio portfolio of investments investments primarily primarily in quoted Russian Russian companies companies or other companies companies which operate operate principally principally in Russia. Russia. The company company may also invest up to 10% of its gross assets in companies companies that operate operate or are located located in former Soviet Union Republics. Republics. The Company Company has the ability ability to use borrowing borrowing to gear the portfolio portfolio within the range of 10% net cash to 15% geared in normal market conditions.
Benchmark
  • MSCI 10/40 Russian Equity Indices Idx
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Oleg Biryulyov01/01/2002Oleg Biryulyov, managing director, is a regional portfolio manager and the head of the Emerging Europe, Middle East and Africa Group, with a specialisation in Russia and Eastern Europe, within the Emerging Markets and Asia Pacific Equities Team based in London. An employee since 1994, Oleg was previously a portfolio manager for Flemings Urals Regional Venture Fund. Prior to this, he was an investment analyst. Oleg obtained a degree in economics from Moscow State University, Lomonosov. He is a holder of the CFA designation.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
JP Morgan Russian Securities plc
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 price617.19
CurrencyGBX
Price updated15/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJMM
Data provided by

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