JPM Multi-Asset Income C

Global multi-asset fund

  • 115.40p
    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.

  • 159.20p
    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!

  • 0.65%
    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).

  • 0.83%
    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.

  • 1.60%
    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 19 January 2021

Fund summary

Sector Mixed Investment 20-60% Shares
Structure OEIC
Launched May, 2012
Size £312m
Yield 1.60%
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 0.65%
Ongoing charges figure 0.83%

Allocation

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Investment process

The fund is looking to provide income by investing in a global portfolio of income generating securities. It will predominantly invest in fixed and floating rate debt securities and equity and equity linked securities to generate income. The Fund may invest in high-yield bonds, convertible bonds, investment grade, non-investment grade and unrated securities, Real Estate Investment Trusts (“REITS”), smaller companies and collective investment schemes. Non-sterling currency exposure (excluding emerging markets local currency) will be hedged back to sterling.

Manager research

Average monthly relative returns

  • 16/17 -0.56%
  • 17/18 0.08%
  • 18/19 -0.11%
  • 19/20 -0.01%
  • 20/21 0.42%

Bestinvest MRI

  • 3 years 0.10%
  • 5 years -0.04%
  • Career -0.07%
  • 3 years 69.50%
  • 5 years 55.60%
  • Career 49.20%

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

Michael Schoenhaut / Talib Sheikh

Track record

Michael Schoenhaut / Talib Sheikh has 6.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.07%. During the worst period of relative performance (from August 2014 - March 2020) there was a decline of 15% relative to the index. The worst absolute loss has been 15%.

Periods of worst performance

Absolute -15.00% (January 2020 - March 2020)
Relative -15.00% (August 2014 - March 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.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

2.1% Elnmas
.8% Taiwan Semiconductor Co
.7% Prologis Inc
.5% Roche Hldg Ag
.4% Samsung Electronics Co
.4% Coca-Cola Co
.4% Merck & Co Inc(New)
.4% Abbvie Inc
.4% Sprint Capital
.4% Verizon Communications Inc
Source: Trustnet

Sector breakdown

High Yield Bond 25.00%
Equities 17.00%
Mortgage & Secured Bonds 12.00%
Money Market 8.00%
Preference Shares 7.00%
Property Shares 6.00%
Equities 6.00%
Investment Grade Bonds 4.00%
Equities 4.00%
Convertibles 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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