Jupiter Global Managed I

Run by eight regional Jupiter managers with asset allocation set by Simon Somerville.

  • 349.55p
    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.

  • 387.98p
    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).

  • 1.02%
    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.

  • 0.40%

    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 20 January 2022, we don’t currently provide commentary on this fund.

The objective of the fund is to achieve long-term capital growth principally through investment in equities on an international basis. The manager is responsible for asset allocation. He determines the weights for each geographical region within the fund before delegating stock selection in each region to eight of Jupiter's regional / specialist fund managers.

Fund summary

Sector Global
Structure UNIT TRUST
Launched September, 2011
Size £392m
Yield 0.40%
Charging basis Income
Dividends paid 30 Apr


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 1.02%


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Investment process

The named fund manager acts as the asset allocator, determining the proportion of the fund to be invested in regional equities, global bonds and other assets. Stock selection in each region/sector is then delegated to eight Jupiter fund managers - these are typically up and coming managers rather than the group's more established names. The managers are unconstrained by benchmark so the portfolio is likely to bear little resemblance to the official benchmark, the FTSE World. Stock selection is true to Jupiter's approach in that targeted companies are considered to be undervalued and have favourable growth prospects arising from characteristics such as proven management or strong products or services. Asset allocation is determined partly by the manager's view on the market and partly guided by the talent he has available to him in-house.

Manager research

Average monthly relative returns

  • 17/18 -0.07%
  • 18/19 0.23%
  • 19/20 0.06%
  • 20/21 -0.39%
  • 21/22 -0.99%

Bestinvest MRI

  • 3 years -0.44%
  • 5 years -0.23%
  • Career 0.17%
  • 3 years 50.00%
  • 5 years 50.00%
  • Career 74.20%

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

Stephen Mitchell

Mitchell joined Jupiter in February 2015, as Fund Manager and Head of Strategy, Global Equities. Prior to Jupiter he was at Caledonian Investments Plc where he worked for three years as Associate Director. He began his career in fund management heading the Japan team at Robert Fleming & Co. Following this role he moved to JP Morgan where he initially headed the London Japan Equity team before joining their Private Bank as Chief Investment Strategist for EMEA. Mitchell has a degree in Economics and Statistics from the University of Exeter.

Track record

Stephen Mitchell has 10.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.17%. During the worst period of relative performance (from February 2000 - May 2007) there was a decline of 38% relative to the index. The worst absolute loss has been 70%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 74%.

Periods of worst performance

Absolute -70.00% (February 2000 - April 2003)
Relative -38.00% (February 2000 - May 2007)

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 30 November 2021

5.5762% Microsoft Corp
4.025% Nike Inc
3.712% Asml Holding Nv
3.6824% Apple Inc
3.5843% Iqvia Hldgs Inc
3.3636% Jpmorgan Chase & Co
3.2609% Accenture Plc
3.1439% Thermo Fisher Scientific Inc
3.1238% Applied Materials Inc
3.1016% Novo-Nordisk As
Source: Trustnet

Sector breakdown

Technology 26.00%
Industrials 20.00%
Health Care 17.00%
Financials 13.00%
Consumer Discretionary 13.00%
Consumer Staples 7.00%
Telecommunications 2.00%
Money Market 2.00%


The fund holds over 300 stocks.


Individual stocks rarely account for more than 2-3% of the fund.

Key Investor Information - Income


Key Investor Information - Accumulation