Fact sheet: Jupiter Strategic Reserve

Fund information
Fund name
Jupiter Strategic Reserve I Acc
Fund manager company
Jupiter Unit Trust Mgrs Ltd
Fund type
Unit Trust
Fund managers
  • Miles Geldardsince 23/04/2012
  • Lee Manzisince 23/04/2012
Fund objective
To generate positive long term total returns, over a 3 year rolling period, across varying market conditions from an actively managed portfolio of different asset classes on a global basis. Capital invested in the Fund is at risk and there is no guarantee that the investment objective will be achieved over the 3 year rolling periods or in respect of any other time period.
Benchmark
  • LIBOR GBP 1 Month
Investment style
Absolute Return,Cautious
Investment method
None
Quick stats
1 Year return
1%
1 Year rank in sector
36/72
Sector
UT Targeted Absolute Return
Yield
1.7%
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.
0.8%
Fund size
£92m (£119m 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.
13
Top in this sector
Fund name1 Year
Majedie Tortoise25.5%
Jupiter Absolute Return11.9%
CF Ruffer Absolute Return9.7%
7IM Unconstrained9.6%
IFSL Brooks Macdonald DC8.6%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • No data available.
  • BBB22.1%
    Non-Rated20.9%
    A13.4%
    AA12.3%
    BB9.2%
  • Global Fixed Interest89.2%
    Equities7.2%
    Commodity & Energy0.6%
    Others-4.7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.7%0.6%1%2.3%-
Sector-0.2%-0.1%1.3%0.4%6%15.4%
Rank within sector40 / 7452 / 7449 / 7236 / 7247 / 58-
Quartile3rd3rd3rd2nd4th
Calendar performance
 YTD - 20162015201420132012
Fund0.9%-1%1.8%6%-
Sector0.3%2.2%2.5%6.5%3.3%
Rank within sector36 / 7253 / 6743 / 5830 / 53-
Quartile2nd4th3rd3rd
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.
-0.24
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.
0.45
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%.
1.51
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.
1.62
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.
-0.85
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.
0.29
Price movement
52 week high55.22
52 week low53.36
Current bid price-
Current offer price-
Current mid price54.73
Region
No data available.
Industry sector
1BBB22.14%
2Non-Rated20.9%
3A13.41%
4AA12.33%
5BB9.23%
6AAA8.07%
7B3.1%
8Others-1.6%
Asset type
1Global Fixed Interest89.15%
2Equities7.17%
3Commodity & Energy0.62%
4Others-4.67%
Individual holdings
1BRITISH TELECOM VRN 7.50% 07/12/161.74%
2VODAFONE GROUP 5.375% NTS 05/12/17 GBP500001.71%
3LLOYDS BANK FRN 14/01/171.7%
4GE CAPITAL UK FUNDING UNLTD CO 2.375% NTS 19/12/18 GBP10001.68%
5NESTLE 1.625% 11/12/171.65%
6COMMONWEALTH BANK (AUS) 26/10/181.64%
7COMPAGNIE ST GOBAIN 5.63% 15/12/161.64%
8BAYER 5.625% 23/05/181.63%
9SANTANDER UK PLC FLTG RT COV BDS 20/01/17 GBP1000001.63%
Management
Fund manager group
Jupiter
Fund manager company
Jupiter Unit Trust Mgrs Ltd
Fund type
Unit Trust
Fund objective
To generate positive long term total returns, over a 3 year rolling period, across varying market conditions from an actively managed portfolio of different asset classes on a global basis. Capital invested in the Fund is at risk and there is no guarantee that the investment objective will be achieved over the 3 year rolling periods or in respect of any other time period.
Benchmark
  • LIBOR GBP 1 Month
Investment style
Absolute Return,Cautious
Investment method
None
Fund managers
NameSinceBiography
Miles Geldard23/04/2012Miles joined Jupiter in 2010 and is currently Head of Strategy, Fixed Interest & Multi-Asset. He co-manages (with Lee Manzi) the Jupiter Strategic Reserve Fund (Unit Trust) as well as the Jupiter Global Convertibles fund and the Jupiter Strategic Total Return fund (SICAVs). Before joining Jupiter, Miles was the founder and Head of the Multi-Asset and Convertibles teams at RWC Partners, and head of the Global Multi-Asset Group and Global Strategy teams at JPMorgan Asset Management. He has also been a fund manager at Jardine Fleming (part of JPMorgan) and an adviser on reserve management at the Central Bank of Botswana. Miles has a degree in Oriental Studies from Oxford University and is a CFA charterholder.
Lee Manzi23/04/2012Lee Manzi joined Jupiter in 2010 and is currently a fund manager in the Fixed Interest & Multi-Asset team. He co-manages, with Miles Geldard, the Jupiter Strategic Reserve Fund (Unit Trust), the Jupiter Global Convertibles fund and the Jupiter Strategic Total Return fund (SICAVs). Before joining Jupiter, Lee was a fund manager at RWC focusing on global convertible and multi-asset strategies, and at JPMorgan Asset Management, where he was a Vice President and fund manager, working in the Global Multi-Asset group. Lee has a degree in Accounting from Portsmouth University and is a CFA charterholder.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Jupiter Strategic Reserve Acc
Initial charge5%
Annual charge1.3%
Min single investment£500
Min regular saving£50
Available in ISAYes
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price53.41
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0QWE
Jupiter Strategic Reserve I Acc
Initial charge5.25%
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£50
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price54.73
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0QWG
Jupiter Strategic Reserve I Inc
Initial charge5.25%
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£50
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price52.74
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0QWF
Jupiter Strategic Reserve Inc
Initial charge5%
Annual charge1.3%
Min single investment£500
Min regular saving£50
Available in ISAYes
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price52.47
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0QWD
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.