JPM US Select C

Equity fund invested in US companies.

  • 384.20p
    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.

  • 697.20p
    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!

  • 0.75%
    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.

  • 0.60%
    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 09 April 2021

The objective of the fund is to invest in a portfolio of North American securities. The current policy is to invest for capital growth without any distribution target.

Fund summary

Sector North America
Structure OEIC
Launched March, 2009
Size £716m
Yield 0.60%
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 0.93%

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Investment process

The fund aims to achieve return in excess of S&P 500 by investing in US equities. At least 67% of the fund will be invested in equity and equity linked securities of the companies that have their registered office in the US or have predominant part of their economic activity in the country. The fund can also invest in Canadian companies. Fixed and floating rate debt securities, cash, cash equivalents and derivatives are permitted.

Manager research

Average monthly relative returns

  • 16/17 0.18%
  • 17/18 -0.30%
  • 18/19 -0.05%
  • 19/20 0.34%
  • 20/21 0.22%

Bestinvest MRI

  • 3 years 0.17%
  • 5 years 0.08%
  • Career -0.06%
  • 3 years 87.10%
  • 5 years 79.70%
  • Career 54.80%

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

Tom Luddy / Susan Bao

Luddy is a portfolio manager in JPM’s US Equity Group with responsibility for the Large Cap Core and Large Cap Core Plus 130/30 strategies. An employee since 1976, he has held numerous positions in the firm, including global head of equity, head of equity research and chief investment officer. He began his career as an equity research analyst, and became a portfolio manager in 1982. Luddy holds a BS in economics and mathematics from St. Peter's College and an MBA from the Wharton School of the University of Pennsylvania. He is also a CFA charterholder.

Track record

Tom Luddy / Susan Bao has 16.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.06%. During the worst period of relative performance (from February 2008 - June 2016) there was a decline of 31% relative to the index. The worst absolute loss has been 48%.

Periods of worst performance

Absolute -48.00% (October 2007 - February 2009)
Relative -31.00% (February 2008 - 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

7% Microsoft Corp
6.2% Amazon.com Inc
4.7% Alphabet Inc
4.6% Apple Inc
4.3% Mastercard Inc
3.3% Verizonmmunications
2.9% Prologis Inc
2.6% Norfolk Southern Corp
2.6% Nextera Energy Inc
2.5% Leidos Hldgs Inc
Source: Trustnet

Sector breakdown

Media 14.00%
Hardware 14.00%
Pharmaceuticals 10.00%
Software 9.00%
Industrial Cyclicals 7.00%
Retail 6.00%
Financial Services 6.00%
Telecommunications 5.00%
Health Care 4.00%
Utilities 4.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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