Jupiter Growth & Income

UK equity fund aiming for long term capital and income growth.

  • 96.37p
    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.

  • 103.91p
    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).

  • 1.76%
    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.

  • 4.00%
    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 January 2020, fund data last updated 01 October 2003

The objective of the Fund is to achieve long-term capital and income growth through investing principally in UK equities. The Fund's investment policy is to attain the objective by, among other things, investing in companies within the FTSE-350 Index and to a lesser extent, those within the FTSE Small Cap Index, selecting a concentrated portfolio of stocks which predominantly exhibit business franchise and organic growth characteristics, that offer the prospects of long-term capital and income growth.

Fund summary

Sector UK All Companies
Structure UNIT TRUST
Launched October, 1997
Size £48m
Yield 4.00%
Charging basis Capital
Dividends paid 30 Jun, 31 Dec

Charges

Standard initial charge 5.25%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.76%

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Investment process

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 -0.08%
  • 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.

Alastair Gunn

Gunn joined Jupiter in 2007 as an analyst for the UK Equities Team. He is currently manager of the Jupiter High Income Fund and co-manager of the Jupiter Distribution Fund. Before joining Jupiter, he was Managing Director of equity research for Bear Stearns International, prior to moving on to become a director of equity research at Arbuthnot Securities in 2003. Gunn is a registered representative of the London Stock Exchange.

Track record

The track record of Alastair Gunn in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -3.00% (February 2014 - March 2014)
Relative -3.00% (February 2014 - August 2014)

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 December 2019

7.8961% Bp
6.2429% Glaxosmithkline
6.0046% Royal Dutch Shell
3.6366% Hsbc Hldgs
3.407% Bae Systems
3.3789% Blackstone Group Lp
3.2892% Legal & General Group
3.215% British American Tobacco
2.774% Astrazeneca Plc
2.7225% Crest Nicholson Hldgs Plc
Source: Trustnet

Sector breakdown

Financials 20.00%
Consumer Services 18.00%
Health Care 15.00%
Oil & Gas 14.00%
Consumer Goods 11.00%
Industrials 9.00%
Technology 5.00%
Basic Materials 4.00%
Telecommunications 3.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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