Fact sheet: JPMorgan Provident Balanced

Fund information
Fund name
JPMorgan Provident Balanced
Fund manager company
JP Morgan Funds (Asia) Limited
Fund type
Unit Trust
Fund managers
  • Victor Leesince 01/01/2013
  • Aisa Ogoshisince 01/01/2013
Fund objective
To maximise its long-term capital appreciation in Hong Kong dollar terms within moderate risk parameters and to outperform Hong Kong price inflation over the long term through a professionally managed portfolio of interests in collective investment schemes managed by the Manager or its Connected Persons. The underlying asset mix of the Trust will have an exposure in both global equities markets, where the growth opportunities and higher returns are normally available, and bond markets, where capital and income stability are normally found.
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
Equity, Fixed Interest
Quick stats
1 Year return
2.2%
1 Year rank in sector
47/134
Sector
FO Mixed Asset - Balanced
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.
1.63%
Fund size
£1,117m (£1,075m 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.
85
Top in this sector
Fund name1 Year
Templeton Emg Mkts Bal32.1%
Capital Group EMTOpL25.5%
HSBC Pfl World Seltn 322.6%
Oasis Crs Gbl Low EqBal19.7%
Morg Stnly Gbl Bal Inc18.7%
...more in FO Mixed Asset - Balanced

Performance snapshot

Holdings snapshot

  • Americas56.8%
    Hong Kong18.8%
    Asia Pacific ex Japan9.1%
    Europe8.9%
    Japan5.4%
  • Equities54.5%
    Fixed Interest44.8%
    Money Market0.7%
  • International Equities54.5%
    Global Fixed Interest44.8%
    Money Market0.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-2%2.6%2.2%5%25.7%
Sector-1%-0.7%3.2%1.7%8.2%25.2%
Rank within sector91 / 143110 / 14364 / 13647 / 13481 / 11453 / 89
Quartile3rd4th2nd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund3.7%-1%2.3%9.1%10.6%
Sector3.5%-0.3%4.7%7.5%7.6%
Rank within sector56 / 13373 / 12489 / 11343 / 10221 / 88
Quartile2nd3rd4th2nd1st
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.
-1.19
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.
1.16
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%.
6.96
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.
2.93
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.
-0.26
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.
0.84
Price movement
52 week high309.31
52 week low267.96
Current bid price-
Current offer price-
Current mid price298.56
Region
1Americas56.8%
2Hong Kong18.8%
3Asia Pacific ex Japan9.1%
4Europe8.9%
5Japan5.4%
6Money Market0.7%
7Global Emerging Markets0.2%
8Hong Kong & China0.1%
Industry sector
1Equities54.5%
2Fixed Interest44.8%
3Money Market0.7%
Asset type
1International Equities54.5%
2Global Fixed Interest44.8%
3Money Market0.7%
Individual holdings
1TENCENT HLDGS LTD1.8%
2HSBC HLDGS1.3%
3AIA GROUP LTD1.2%
4CHINA CONSTRUCTION BANK1.1%
5PING AN INSURANCE(GR)CO OF CHINA0.8%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Funds (Asia) Limited
Fund type
Unit Trust
Fund objective
To maximise its long-term capital appreciation in Hong Kong dollar terms within moderate risk parameters and to outperform Hong Kong price inflation over the long term through a professionally managed portfolio of interests in collective investment schemes managed by the Manager or its Connected Persons. The underlying asset mix of the Trust will have an exposure in both global equities markets, where the growth opportunities and higher returns are normally available, and bond markets, where capital and income stability are normally found.
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
Equity, Fixed Interest
Fund managers
NameSinceBiography
Victor Lee01/01/2013Victor Lee, managing director, is a regional investment manager with the Pacific Regional Group in Hong Kong. He joined the firm as a research analyst in the Global Portfolios Group in 1997 and was responsible for North America research. He was then transferred to Pacific Regional Group as a regional investment manager in 1999 and since then specializes in Asia Pacific equities, including Japan. He is now the portfolio manager of JF Pacific Securities Fund, JF Asia Absolute Return Fund and some Asian portfolios of sovereign wealth clients. Victor was promoted to managing director in 2007. He obtained an M.Engineering degree from Oxford University in 1997 and is also a CFA charterholder, as well as an ordinary member of The Hong Kong Securities Institute (HKSI).
Aisa Ogoshi01/01/2013Present: A Japan specialist within the Pacific Regional Group based in Hong Kong and also a member of the Japan Portfolio Group. 2005: Appointed as a Vice President and transferred to Hong Kong. 2001: Transferred to the Japan Portfolio Group and became a Portfolio manager. 1999: Transferred to the Portfolio Analysis Group. 1998: Joined the firm's Equity Derivatives Group in Japan. Education / Qualification: BA (Environmental Information) - Keio University
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Offshore
JPMorgan Provident Balanced
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)1.63%
Bid price-
Offer price-
Mid price298.56
CurrencyHKD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK354
JPMorgan Provident Balanced M
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price263.35
CurrencyHKD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM3ZS
Data provided by

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