Fact sheet: JPMorgan Provident Capital

Fund information
Fund name
JPMorgan Provident Capital M
Fund manager company
JP Morgan Funds (Asia) Limited
Fund type
Unit Trust
Fund manager
No data available.
Fund objective
To minimise its short-term capital risk in Hong Kong dollar terms and to outperform Hong Kong dollar deposit rates 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 a major bias towards investment in HK$ and US$ bonds to ensure that the capital value and income stability of the portfolio is maintained whilst balancing this with a minor exposure to global equities to provide the potential for some capital appreciation for the portfolio.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Equity, Fixed Interest
Quick stats
1 Year return
2.6%
1 Year rank in sector
34/90
Sector
FO Mixed Asset - Cautious
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.
0.85%
Fund size
£611m (£583m 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.
82
Top in this sector
Fund name1 Year
SEI GblMtiAtInc22.8%
HSBC Pfl World Seltn 122.3%
SEI Core13%
Towry A455012.2%
Ashmore SICV3EmgMktsMulti-Ast11.8%
...more in FO Mixed Asset - Cautious

Performance snapshot

Holdings snapshot

  • Americas71.8%
    Hong Kong13.1%
    Asia Pacific ex Japan5.9%
    Europe3.8%
    Japan2%
  • Fixed Interest65.5%
    Equities32.5%
    Money Market2%
  • Global Fixed Interest65.5%
    International Equities32.5%
    Money Market2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-3.5%0.6%2.6%--
Sector-0.5%-1.5%1.1%1.7%6.7%17.2%
Rank within sector76 / 9483 / 9450 / 9234 / 90--
Quartile4th4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund3.2%-1.5%---
Sector2.3%-0.7%4.3%4.2%6.1%
Rank within sector36 / 9057 / 83---
Quartile2nd3rd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high221.36
52 week low198.12
Current bid price-
Current offer price-
Current mid price213.58
Region
1Americas71.8%
2Hong Kong13.1%
3Asia Pacific ex Japan5.9%
4Europe3.8%
5Japan2%
6Money Market2%
7Global Emerging Markets1.4%
Industry sector
1Fixed Interest65.5%
2Equities32.5%
3Money Market2%
Asset type
1Global Fixed Interest65.5%
2International Equities32.5%
3Money Market2%
Individual holdings
1EUROPEAN INVESTMENT BANK 2.15% SNR NTS 18/01/27 JPY1000001.3%
2TENCENT HLDGS LTD1.2%
3UNITED STATES OF AMER TREAS BONDS 1.5% BDS 31/05/20 USD1001.2%
4DEV BANK OF JAPAN 2.3% 19/3/26-INTL1%
5JPMIF - GLOBAL HIGH YIELD BOND FUND1%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Funds (Asia) Limited
Fund type
Unit Trust
Fund objective
To minimise its short-term capital risk in Hong Kong dollar terms and to outperform Hong Kong dollar deposit rates 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 a major bias towards investment in HK$ and US$ bonds to ensure that the capital value and income stability of the portfolio is maintained whilst balancing this with a minor exposure to global equities to provide the potential for some capital appreciation for the portfolio.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Equity, Fixed Interest
Fund manager
No data available.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Offshore
JPMorgan Provident Capital
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price242.16
CurrencyHKD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK353
JPMorgan Provident Capital M
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price213.58
CurrencyHKD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM3ZT
Data provided by

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