JPM UK Equity Value Income A

Aims to exploit undervalued FTSE 350 companies.

  • 84.27p
    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.

  • 158.30p
    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?

  • 3.00% 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!

  • 1.50%
    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).

  • 1.68%
    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.

  • 3.60%
    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 23 November 2020

Fund summary

Sector UK All Companies
Structure OEIC
Launched May, 2000
Size £39m
Yield 3.60%
Charging basis Capital
Dividends paid 31 Jan, 30 Apr, 31 Jul, 31 Oct

Charges

Standard initial charge 3.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.68%

Allocation

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Investment process

The fund's objective is to provide long-term capital growth and income through investment in a value style biased portfolio of UK companies.

Manager research

Average monthly relative returns

  • 15/16 -0.57%
  • 16/17 0.02%
  • 17/18 -0.16%
  • 18/19 -0.34%
  • 19/20 0.04%

Bestinvest MRI

  • 3 years -0.15%
  • 5 years -0.20%
  • Career -0.03%
  • 3 years 31.90%
  • 5 years 20.10%
  • Career 71.60%

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

Ian Butler/ Ben Stapley/ Thomas Buckingham

Butler is an assistant portfolio manager for the J.P. Morgan Asset Management European Equity Group. An employee since 2005, Ian previously worked within several financial institutions as an intern, including Citigroup and Lehman Brothers. Before that, he worked for Grant Thornton Chartered Accountants. Ian obtained a BSc in Business Administration from University of Bath. Ian has passed the CFA Level 3 exam. Stapley is a portfolio manager in the J.P. Morgan Asset Management European Equity Group, based in London. An employee since 2002, he previously worked in the product development team within the investment trusts group for five years. He graduated at the University of Nottingham and holds a BA degree in Economics. Ben is a holder of the Investment Management Certificate and is a CFA charterholder. Buckingham is a portfolio manager within the J. P. Morgan Asset Management European Equity Group, based in London. An employee since 2007, he obtained a BEng degree in Aerospace Engineering from the University of Surrey. Thomas is a CFA charter holder.

Track record

Ian Butler/ Ben Stapley/ Thomas Buckingham has 8.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.03%. During the worst period of relative performance (from December 2015 - August 2019) there was a decline of 14% relative to the index. The worst absolute loss has been 27%.

Periods of worst performance

Absolute -27.00% (December 2019 - March 2020)
Relative -14.00% (December 2015 - August 2019)

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

5.3% Royal Dutch Shell Plc
4.8% Glaxosmithkline
3.7% British American Tobacco
3.6% Rio Tinto
3.4% Bp
2.7% Bhp Group Ltd
2.3% Prudential Plc
2.3% Vodafone Group
2.1% Anglo American
1.9% Crh
Source: Trustnet

Sector breakdown

Mineral Extraction 12.00%
Oil & Gas Exploration & Production 9.00%
Household Goods 7.00%
Life Insurance 6.00%
Financial Services 6.00%
Support Services 6.00%
Tobacco 5.00%
Biotechnology/Medical 5.00%
Banks 5.00%
Insurance 4.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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