Fact sheet: JPM Sterling Bond

Fund information
Fund name
JPM Sterling Bond D Acc NAV
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund managers
  • Linda Raggisince 03/09/2013
  • Iain Stealeysince 31/05/2006
Fund objective
To achieve a return in excess of sterling bond markets by investing primarily in investment grade GBP denominated debt securities, using financial derivative instruments where appropriate.
Benchmark
  • Barclays Sterling Non-Gilts 10+ Year Index (Total Return Gross)
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
8%
1 Year rank in sector
5/23
Sector
FO Fixed Int - GBP Investment Grade
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.
1.65%
Fund size
£57m (£92m 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.
68
Top in this sector
Fund name1 Year
MGI UK Inflation Lkd Bd16.8%
GAM Star Credit Opps £8.6%
Invesco UK Inv Grade Bd8.3%
MGI UK Bond8%
JPM Sterling Bond8%
...more in FO Fixed Int - GBP Investment Grade

Performance snapshot

Holdings snapshot

  • UK50.5%
    USA19.8%
    France11.5%
    International4.2%
    Germany2.9%
  • Investment Grade Corporate Bonds76.6%
    Government Agency Bonds9%
    Mortgage & Secured Bonds5.7%
    Fixed Interest4.2%
    Government Bonds1.7%
  • UK Fixed Interest87.6%
    UK Gilts10.7%
    Money Market1.3%
    UK Corporate Fixed Interest0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.8%-10.4%2.7%8%25%42.8%
Sector-1.2%-4.6%3.6%6.2%16.1%35.5%
Rank within sector22 / 2323 / 2310 / 235 / 233 / 215 / 19
Quartile4th4th2nd1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund9.9%-1.1%16.4%-2.9%12.4%
Sector7.3%0.7%7.9%1.3%11.8%
Rank within sector2 / 2320 / 212 / 2117 / 215 / 19
Quartile1st4th1st4th2nd
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.
-3.07
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.
2.17
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.
0.45
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%.
10.31
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.
6.32
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.
0.42
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.
0.88
Price movement
52 week high17.86
52 week low14.25
Current bid price-
Current offer price-
Current mid price15.72
Region
1UK50.53%
2USA19.84%
3France11.45%
4International4.15%
5Germany2.86%
6Australia2.37%
7Italy2.27%
8Mexico1.78%
9Netherlands1.68%
Industry sector
1Investment Grade Corporate Bonds76.6%
2Government Agency Bonds9%
3Mortgage & Secured Bonds5.7%
4Fixed Interest4.2%
5Government Bonds1.7%
6Money Market1.3%
7Asset/Mortgage-Backed Securities1.1%
8High Yield Bond0.4%
Asset type
1UK Fixed Interest87.6%
2UK Gilts10.7%
3Money Market1.3%
4UK Corporate Fixed Interest0.4%
Individual holdings
1EUROPEAN INVESTMENT BANK 5% BDS 15/4/2039 GBP10004.1%
2TREASURY 4.25% GILT 07/12/55 GBP0.013.1%
3CENTRICA PLC 4.375% NTS 13/03/29 GBP1000002.1%
4WAL-MART STORES INC 5.25% NTS 28/09/35 GBP10002%
5ENGIE SA 7% BDS 30/10/28 GBP500001.8%
6GOVERNMENT OF FRANCE (FRANCE) 5.250 31/01/351.8%
7GLAXOSMITHKLINE CAPITAL 4.25% NTS 18/12/45 GBP1000001.6%
8HSBC HLDGS 6% SUBORD NTS 29/03/40 GBP500001.6%
9KEMBLE WATER (UNITED KINGDOM) 4.375 03/07/341.6%
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 sterling bond markets by investing primarily in investment grade GBP denominated debt securities, using financial derivative instruments where appropriate.
Benchmark
  • Barclays Sterling Non-Gilts 10+ Year Index (Total Return Gross)
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Linda Raggi03/09/2013Linda Raggi, vice president, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in London, she is a portfolio manager in the International Fixed Income multi sector team focusing on high grade multi-currency portfolios for segregated clients and pooled funds, as well as strategies for private high net worth investors. An employee since 2008, Linda previously worked as a client portfolio manager in the International Fixed Income CPM team. She obtained a B.Sc. in international economics and management from Bocconi University and an M.Sc. in banking and international finance from the Cass Business School in London. Linda holds a Series 3 license, the Investment Management Certificate from the UK Society of Investment Professionals and is a CFA charterholder.
Iain Stealey31/05/2006Iain Stealey, managing director, is the head of Global Aggregate Strategies within the Global Fixed Income, Currency & Commodities (GFICC) group. Based in London, he is a portfolio manager focusing on multi-sector bond strategies for both segregated clients and pooled funds. Within the Global Aggregate team, Iain was previously responsible for the portfolio management of enhanced cash and short duration portfolios. An employee since 2002, he obtained a B.Sc. in Management Science from Loughborough University. Iain is a CFA charterholder and holds the Investment Management Certificate from the UK Society of Investment Professionals.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Bahrain, Switzerland, Curacao, Cyprus, Germany, Spain, Estonia, European Economic Community, Finland, France, United Kingdom, Greece, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Peru, Portugal, Sweden
JPM Sterling Bond A Acc
Initial charge3%
Annual charge0.9%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price16.241
Offer price16.813
Mid price-
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJT49
JPM Sterling Bond A Acc NAV
Initial charge3%
Annual charge0.9%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price16.323
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJT48
JPM Sterling Bond A Dis
Initial charge3%
Annual charge0.9%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price0.919
Offer price0.952
Mid price-
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFG23
JPM Sterling Bond A Dis NAV
Initial charge3%
Annual charge0.9%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price0.924
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeRT51
JPM Sterling Bond C Dis GBP
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price107.119
Offer price107.119
Mid price-
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE2IQ
JPM Sterling Bond C Dis NAV GBP
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price107.119
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE2IR
JPM Sterling Bond D Acc
Initial charge3%
Annual charge0.9%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price15.637
Offer price16.187
Mid price-
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJQ11
JPM Sterling Bond D Acc NAV
Initial charge3%
Annual charge0.9%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price15.716
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJB21
JPM Sterling Bond X Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)0.1%
Bid price110.48
Offer price110.48
Mid price-
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJP63
JPM Sterling Bond X Acc NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price110.48
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJR79
Data provided by

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