JPM Global Equity Income C

Aims for high and rising income plus capital growth; currency exposure mostly hedged to sterling.

  • 216.20p
    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.

  • 279.20p
    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?

  • 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!

  • 0.75%
    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).

  • 0.93%
    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.

  • 1.90%
    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 09 April 2021

The objective is to provide a portfolio designed to achieve high and rising income by investing globally, primarily in equities, in any economic sector whilst participating in long term capital growth.

Fund summary

Sector Global Equity Income
Structure UNIT TRUST
Launched October, 2012
Size £106m
Yield 1.90%
Charging basis Capital
Dividends paid 31 Jan, 30 Apr, 31 Jul, 31 Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.93%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.67%
  • 17/18 -0.14%
  • 18/19 -0.01%
  • 19/20 0.11%
  • 20/21 0.05%

Bestinvest MRI

  • 3 years 0.05%
  • 5 years -0.13%
  • Career -0.15%
  • 3 years 78.20%
  • 5 years 36.30%
  • Career 29.80%

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

Gerd Woort-Menker / James Davidson

Woort-Menker is a senior portfolio manager on the Global Investment Team. An employee of JPM since 1987, he started his investing career as a research analyst following the European insurance industry, was later promoted to head of European research, and then named global head of research. Woort-Menker obtained a business accounting degree from Muenster University and earned an MA in economics from Freiburg University. He is a CFA charterholder. Davidson is a senior portfolio manager in the Global Equities Team, based in London. Prior to joining the firm, James was at Bank of America Merrill Lynch, where he ran the number one global equity sales desk, filtering the output of 700 research analysts. Previously, James spent five years as a US equity portfolio manager with Morgan Grenfell Asset Management. He began his career in Edinburgh on the US equities desk at Baillie Gifford. James obtained a BA in Economics from Sussex University and an MSc in Economic History from Oxford University. He has been a CFA charterholder since 1997.

Track record

Gerd Woort-Menker / James Davidson has 7.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.15%. During the worst period of relative performance (from June 2014 - August 2020) there was a decline of 18% relative to the index. The worst absolute loss has been 16%.

Periods of worst performance

Absolute -16.00% (January 2020 - March 2020)
Relative -18.00% (June 2014 - August 2020)

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.

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Top 10 holdings

Data accurate as at 31 July 2020

4.4% Microsoft Corp
2.7% Taiwan Semiconductor Co
2.7% Coca-Cola Co
2.5% Alphabet Inc
2.3% Samsung Electronics Co
2.2% Texas Instruments Inc
2.1% Bristol Myers Squibb Sa
2.1% Analog Devices Inc
2% Unitedhealth Group Inc
1.9% Nextera Energy Inc
Source: Trustnet

Sector breakdown

Technology 13.00%
Industrial Cyclicals 10.00%
Pharmaceuticals 10.00%
Consumer Staples 8.00%
Retail 7.00%
Software 7.00%
Banks 7.00%
Utilities 6.00%
Insurance 5.00%
Basic Industries 5.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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