JPM Global (ex UK) Bond A

  • 225.30p
    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.

  • 294.50p
    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?

  • 3.50% 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.

  • 0.10%
    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 21 September 2020

Fund summary

Sector Global Bonds
Structure OEIC
Launched November, 1979
Size £159m
Yield 0.10%
Charging basis Income
Dividends paid 30 Apr, 31 Oct

Charges

Standard initial charge 3.50%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.93%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -1.44%
  • 16/17 -0.13%
  • 17/18 0.22%
  • 18/19 -0.42%
  • 19/20 0.55%

Bestinvest MRI

  • 3 years 0.12%
  • 5 years -0.24%
  • Career -0.05%
  • 3 years 68.10%
  • 5 years 27.10%
  • Career 54.80%

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

David Tan

Tan is head of the Global Rates Team and lead portfolio manager in the International Fixed Income Group. An employee since 1997, he previously worked in the Singapore office. Tan has also worked for six years at the UK Treasury as an economic adviser in the Debt and Reserves Management Division. Before this, he worked in the fixed income markets with Morgan Guaranty Trust in Singapore. Tan obtained an M.A. in economics from the University of Cambridge and an M.Sc. in economics from the London School of Economics.

Track record

David Tan has 11.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.05%. During the worst period of relative performance (from June 2015 - October 2016) there was a decline of 23% relative to the index. The worst absolute loss has been 4%.

Periods of worst performance

Absolute -4.00% (July 2016 - January 2017)
Relative -23.00% (June 2015 - October 2016)

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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Top 10 holdings

Data accurate as at 31 July 2020

4.1% Italy(Republic Of) 0.45% Bds 01/06/21 Eur1000
2.9% United States Of Amer Treas Bonds 2.5% Bds 15/02/45 Usd1000
2.7% Japan(Government Of) 0.9% Bds 20/06/22 Jpy1000
2.7% United States Of Amer Treas Notes 1.5% Nts 15/02/30 Usd100
2.6% Japan (Government Of) 20yr #160
2.5% Japan(Government Of) 0.1% Bds 20/06/21 Jpy50000
2.4% Japan(Government Of) 0.1% Bds 01/05/22 Jpy50000
2.2% Japan(Government Of) 0% Bds 20/06/30 Jpy50000
1.8% Italy(Republic Of) 0.35% Bds 01/11/21 Eur100000
1.8% Australia(Commonwealth Of) 1.75% Bds 21/06/51 Aud1000
Source: Trustnet

Sector breakdown

Government Bonds 72.00%
Debt 11.00%
Corporate Bonds 7.00%
Money Market 5.00%
Government Agency Bonds 5.00%
Fixed Interest 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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