JUPITER MERLIN BALANCED PORTFOLIO I

Multi-asset fund of funds investing worldwide, primarily in equities and bonds.

  • 144.47p Price (Inc)
  • 212.32p Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.75% Annual management charge
  • 1.61% Ongoing charges
  • 1.70% Yield

Fund data last updated 15 November 2019

This fund targets long-term capital growth with income by investing in other funds, both within Jupiter and from other management groups. The underlying funds provide global exposure primarily to equities, but commodities, fixed interest and property funds may also be included. Manager John Chatfeild-Roberts and his team aim to add value primarily through their economic view, choosing an asset allocation and funds they hope will capitalise on this.

Fund summary

Sector Mixed Investment 40-85% Shares
Structure UNIT TRUST
Launched September, 2011
Size £1,870m
Yield 1.70%
Charging basis Capital
Dividends paid 31 Jan, 31 Jul

Charges

Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.61%

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Investment process

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
0.02% -0.43% -0.34% -0.14% -0.11% -0.19% -0.20% 0.01% 37.10% 34.50% 92.90%

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

John Chatfeild-Roberts

Chatfeild-Roberts studied Economics at Durham University before attending Sandhurst and undertaking a Short Service Commission in the Army. From 1989 to 1995 he was Head of Portfolio Management Services for Henderson Global Investors, before moving to Lazard to set up their multi-manager team. In 2001 he moved to Jupiter with his team, Algy Smith-Maxwell and Peter Lawery, to head their fund of funds operation. In February 2010 he became Jupiter’s CIO. Chatfeild-Roberts is a Fellow of the Securities Institute.

Track record

John Chatfeild-Roberts has 21.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.01%. During the worst period of relative performance (from February 2009 - September 2019) there was a decline of 33% relative to the index. The worst absolute loss has been 35%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 93%.

Periods of worst performance

Absolute -35.00% (August 2000 - January 2003)
Relative -33.00% (February 2009 - September 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 May 2019

16.2127% Tb Evenlode Income C Inc
14.1644% Fundsmith Equity I Inc
12.1797% Findlay Park Funds American Usd
9.5285% Jgf-Jupiter Global Value I Acc Gbp
5.8302% Jupiter Income Trust Inc
5.706% Prusik Asian Equity Income 2x Usd
4.8411% Jupiter Strategic Bond I Inc
4.5235% Allianz Strategic Bond I Inc
4.4272% Lf Morant Wright Nippon Yield B
4.318% Etfs Physical Gold Usd
Source: Trustnet

Sector breakdown

Financials 86.00%
Others 8.00%
Money Market 6.00%

Key Investor Documents

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