Fact sheet: JPMorganClaverhITplc

Fund information
Fund name
JP Morgan Claverhouse IT plc
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund managers
  • William Meadonsince 01/02/2012
  • Sarah Emlysince 31/05/2006
Fund objective
Capital and income growth from UK investments.
Benchmark
  • FTSE All Share
Investment style
Concentrated,Growth
Investment method
Shares
Quick stats
1 Year return
3.5%
1 Year rank in sector
15/24
Sector
IT UK Equity Income
Yield
3.6%
Fund size
£329m
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.
95
Mid price
602
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.
649.24
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.
-8.05
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.
119
Top in this sector
Fund name1 Year
Tmpl Br IT PLC18.6%
Dudn Inc Gth IT PLC13.3%
Murray Inc Tst PLC13.1%
F&C Cap & Inc IT PLC12.3%
Shires Income plc11%
...more in IT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK96.9%
    Money Market3.1%
  • Financials20.4%
    Consumer Goods19.3%
    Oil & Gas13.2%
    Basic Materials10.6%
    Consumer Services10.3%
  • UK Equities96.9%
    Money Market3.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.8%5.3%7.6%3.5%13.8%81.7%
Sector2.1%-0.3%5.8%5%13.9%75.4%
Rank within sector4 / 243 / 247 / 2415 / 2412 / 249 / 24
Quartile1st1st2nd3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund3.8%3.6%4%42.9%9.6%
Sector3.9%3.8%3%29.8%20%
Rank within sector15 / 2413 / 2415 / 247 / 2422 / 24
Quartile3rd3rd3rd2nd4th
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.
-0.68
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.
1.21
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.
0.04
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%.
10.96
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.
6.11
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.
0.71
Price movement
52 week high609
52 week low524
Current bid price598
Current offer price602
Current mid price602
Region
1UK96.9%
2Money Market3.1%
Industry sector
1Financials20.4%
2Consumer Goods19.3%
3Oil & Gas13.2%
4Basic Materials10.6%
5Consumer Services10.3%
6Health Care8.9%
7Industrials6%
8Technology3.4%
9Money Market3.1%
Asset type
1UK Equities96.9%
2Money Market3.1%
Individual holdings
1ROYAL DUTCH SHELL8.3%
2BRITISH AMERICAN TOBACCO5%
3BP4.9%
4HSBC HLDGS4.8%
5GLAXOSMITHKLINE3.5%
6RIO TINTO3.2%
7RECKITT BENCKISER GROUP PLC2.9%
8ASTRAZENECA PLC2.6%
9IMPERIAL BRANDS PLC2.6%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund objective
Capital and income growth from UK investments.
Benchmark
  • FTSE All Share
Investment style
Concentrated,Growth
Investment method
Shares
Fund managers
NameSinceBiography
William Meadon01/02/2012William Meadon, managing director, is head of UK Institutional Equities in the JPMorgan Asset Management European Equity Group. An employee since 1996, William was previously head of UK Specialist Pension Funds at Newton Investment Management Ltd, responsible for pension funds and the Newton Higher Income Fund. Before this, he was a Balanced Pension fund manager, and manager of the Schroder Income Fund, with Schroder Investment Management. Prior to Schroders, William was articled to Peat Marwick (now part of KPMG). William obtained a BA (Hons) in Economics from the University of Nottingham and is a qualified Chartered Accountant.
Sarah Emly31/05/2006Sarah Emly is a portfolio manager within the J.P. Morgan Asset Management European Equity Group. She specialises in managing UK institutional portfolios. An employee since 1995, Sarah was previously an analyst in the UK and Pan-European team before joining the portfolio management team in 1999. She holds a B.Sc. (Hons) in International Management and Modern Languages (French) from the University of Bath, and the Securities Institute Diploma, and is a Fellow of the Securities Institute. Sarah is a CFA charter holder.
Compliance
AIC Member, Transparent for Swiss Tax
Domicile
No data available.
Fund for sale in
United Kingdom
JP Morgan Claverhouse IT 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 price671.75
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJNV
Data provided by

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