Jupiter Distribution and Growth

  • 96.07p
    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.

  • 108.85p
    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?

  • 5.25% 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).

  • 1.80%
    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.

  • 3.50%
    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 data last updated 16 October 2012

The objective of the fund is to achieve a high and rising income with capital growth. To achieve this the manager invests primarily in UK equities, though some convertible securities and bonds are also included. The latter make up around 20% of the portfolio and are chosen in conjunction with Jupiter’s fixed interest team – their inclusion enables the fund to hold some lower yielding equities whilst still meeting its overall income target.

Fund summary

Sector Mixed Investment 40-85% Shares
Structure UNIT TRUST
Launched
Size £244m
Yield 3.50%
Charging basis Capital
Dividends paid 31 May, 30 Nov

Charges

Standard initial charge 5.25%
Initial charge via Bestinvest 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.80%

Allocation

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Investment process

This fund was once rated 3 stars by Bestinvest but was downgraded to a sell rating following a deterioration in performance. This rating was suspended following the announcement of the forthcoming retirement of manager Tony Nutt, who relinquished the fund in July 2013.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

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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Sector breakdown

Others 26.00%
Health Care 15.00%
Financials 14.00%
Consumer Services 10.00%
Industrials 8.00%
Consumer Goods 7.00%
Oil & Gas 6.00%
Basic Materials 6.00%
Money Market 3.00%
Technology 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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