JPM Global Unconstrained Equity C

International equity fund that typically has a high US weighting.

  • 254.00p
    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.

  • 271.40p
    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).

  • 0.92%
    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.

  • 0.30%
    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 01 July 2020

Fund summary

Sector Global
Structure OEIC
Launched August, 2012
Size £420m
Yield 0.30%
Charging basis Income
Dividends paid 30 Apr

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 0.92%

Allocation

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Investment process

The objective of the fund is to provide capital growth over the long term by investing throughout the world in any economic sector.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 -0.24%
  • 19/20 0.30%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.17%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 86.20%

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

Peter Kirkman

Kirkman is a global portfolio manager in the Global Equities Team in New York. An employee of JPM since 2001, he was previously the chief investment officer and the senior portfolio manager of the Fleming Japan Team. Immediately prior to joining the firm, he spent five years with Trust Company of the West (TCW London International) where he specialised in Japan equities and was a senior vice president. He began his career as a graduate trainee with Prudential Portfolio Managers and left them in 1996 as a senior portfolio manager. Kirkman has a BSc in accountancy from the University of East Anglia, an MPhil in management studies from Cambridge University and has an Investment Management Certificate from the London Business School. He is an associate of the UK Society of Investment Professionals (ASIP).

Track record

Peter Kirkman has 2.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.17%. During the worst period of relative performance (from August 2003 - July 2004) there was a decline of 4% relative to the index. The worst absolute loss has been 11%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 86%.

Periods of worst performance

Absolute -11.00% (March 2004 - July 2004)
Relative -4.00% (August 2003 - July 2004)

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 January 2020

4.6% Uber Technologies
4.5% Microsoft Corp
4.4% Amazon.com Inc
4% Visa Inc
3.8% Alphabet Inc
3.7% Tencent Hldgs Limited
3.5% Glaxosmithkline
3.3% United Technologies Corp
3% Nestle Sa
2.9% Asml Holding Nv
Source: Trustnet

Sector breakdown

Information Technology 30.00%
Financials 17.00%
Consumer Discretionary 11.00%
Industrials 10.00%
Communications 10.00%
Health Care 9.00%
Consumer Staples 6.00%
Materials 2.00%
Real Estate 2.00%
Money Market 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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