JPM Europe Smaller Companies A

  • 116.60p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 909.80p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 4.25% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.68%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.50%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 23 November 2020, fund data last updated 15 April 2014

The fund managers aim to produce a capital return in excess of the HSBC European Smaller Companies ex UK Index by investing in smaller company stocks in Continental Europe. The managers also run the JPM European Smaller Companies trust which is a mirror of this fund, outside of the gearing employed by the Trust. Both funds use JPM's Value, Quality and Momentum quantitative screen for idea generation.

Fund summary

Sector European Smaller Companies
Structure OEIC
Launched
Size £193m
Yield 0.50%
Charging basis Income
Dividends paid 28 Feb

Charges

Standard initial charge 4.25%
Initial charge via Bestinvest 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.68%

Allocation

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Investment process

Stock selection drives the fund's investment process, with the managers taking some elements of the JPM Quality-Momentum-Value equity selection process. This involves screening on value, earnings revisions and price momentum. The fund is structured to have a focus on value companies (more solid and dependable cash flows often trading at a discount to what the manager thinks is fair value).

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Sector breakdown

Capital Goods 20.00%
Utilities 11.00%
Software 10.00%
Biotechnology/Medical 8.00%
Semi Conductors 8.00%
Insurance 6.00%
Services 6.00%
Media 6.00%
Real Estate 5.00%
Food, Beverages and Tobacco 5.00%

Portfolio

The Fund would typically hold 50+ stocks.

Key Investor Information - Income

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Key Investor Information - Accumulation

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