Jupiter Undervalued Assets

Concentrated multi-cap UK fund targeting stocks with recovery potential.

  • 0.00p
    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.

  • -
    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).

  • 1.77%
    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.

  • 0.00%
    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…

Fund data last updated 03 August 2007

The fund’s objective is to achieve long-term capital growth by investing in companies with recovery potential.

Fund summary

Sector UK All Companies
Structure X-UNIT TRUST
Launched May, 2000
Size £135m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only

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 1.77%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.82%
  • 16/17 -0.23%
  • 17/18 0.15%
  • 18/19 -1.48%
  • 19/20 -0.80%

Bestinvest MRI

  • 3 years -0.71%
  • 5 years -0.64%
  • Career -0.08%
  • 3 years 12.90%
  • 5 years 8.40%
  • Career 52.80%

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

Steve Davies

Davies joined Jupiter in 2007. Prior to joining Jupiter, he was head of the retail research team at Numis Securities. Davies also worked as a Retail Analyst and Senior Retail Analyst, respectively, for Retail Intelligence before moving to PricewaterhouseCoopers where he was appointed Assistant Director of the Retail and Branded Goods team. He gained a degree in PPE from Oxford University.

Track record

Steve Davies has 8.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.08%. During the worst period of relative performance (from September 2015 - March 2020) there was a decline of 37% relative to the index. The worst absolute loss has been 43%.

Periods of worst performance

Absolute -43.00% (August 2018 - March 2020)
Relative -37.00% (September 2015 - March 2020)

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

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 28 February 2015

7.55% Lloyds Banking Group Plc
7.406% Dixons Carphone Plc
6.673% Legal & General Group
5.563% Talk Talk Telecom Group Plc
5.191% Barclays Plc
5.134% Itv
4.791% British American Tobacco
4.723% Wh Smith Plc
4.259% Howden Joinery Group Plc
4.016% Experian Plc
Source: Trustnet

Sector breakdown

Consumer Services 35.00%
Financials 29.00%
Consumer Goods 9.00%
Industrials 8.00%
Telecommunications 6.00%
Health Care 5.00%
Money Market 4.00%
Technology 3.00%
Basic Materials 1.00%

Portfolio

Around 30 holdings.

Key Investor Information

Download