JPM Multi-Manager Growth C

Fund of investment trusts investing 50% UK, 50% overseas.

  • 252.20p
    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.

  • 276.10p
    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.

  • 1.20%
    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 Global
Structure OEIC
Launched October, 2012
Size £400m
Yield 1.20%
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 0.65%
Ongoing charges figure 0.83%

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Investment process

The fund invests worldwide in any economic sector primarily through investment trusts. The Fund aims to provide capital growth over the long term. Currently, in addition to investment trusts the Fund may also invest in other closed-ended and open-ended funds.

Manager research

Average monthly relative returns

  • 16/17 -0.59%
  • 17/18 0.55%
  • 18/19 0.14%
  • 19/20 0.02%
  • 20/21 1.37%

Bestinvest MRI

  • 3 years 0.51%
  • 5 years 0.30%
  • Career 0.25%
  • 3 years 97.90%
  • 5 years 94.50%
  • Career 97.00%

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

Katy Thorneycroft / Nadia Grant

Thorneycroft, vice president, is a senior portfolio manager in the Global Multi-Asset Group ("GMAG"), based in London. She focuses on the UK pension, Diversified Growth and investment trust funds. An employee since 1999, She was previously a member of the GMAG in New York and prior to this was a portfolio manager in the European Equity Group in London focusing on small and mid-cap strategies. Thorneycroft obtained an MChem from the University of Oxford and is a CFA charterholder..

Track record

Katy Thorneycroft / Nadia Grant has 7.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.25%. During the worst period of relative performance (from December 2015 - June 2016) there was a decline of 9% relative to the index. The worst absolute loss has been 19%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 97%.

Periods of worst performance

Absolute -19.00% (December 2019 - March 2020)
Relative -9.00% (December 2015 - June 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

8.9% Scottish Mortgage Investment Tst
5.7% Finsbury Growth & Income Trust Plc Ord 25p
4.7% Baillie Gifford Monks Investment Trust Plc Ord 5p
3.9% Worldwide Healthcare Trust Plc
3.7% Impax Environmental Markets Plc
3.1% Franklin Templeton Emerging Markets Investment Trust Plc Ord 25p
3% International Public Partnership
2.8% 3i Infrastructure Plc
2.6% Jpmorgan Emerging Mkts Inv Tst Plc
2.5% Renewables Infrastructure Grp(The)
Source: Trustnet

Key Investor Information - Income

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Key Investor Information - Accumulation

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