JPMorgan Brazil (Ordinary Share) JPB

Country Specialists: Latin America

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Estimated NAV (p)


Share Price (p)


Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
JPMorgan Brazil (Ordinary Share) Price -22.15%
JPMorgan Brazil (Ordinary Share) NAV -22.27%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement


Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 73.3p -3.3% 76.00p 76.00p
29 Jul
101% 1.16%

Discrete performance % over

Fund / BenchmarkAug '11
Jul '12
Aug '12
Jul '13
Aug '13
Jul '14
JPMorgan Brazil (Ordinary Share) Price-13.27-7.46-3.01
JPMorgan Brazil (Ordinary Share) NAV-12.29-7.95-3.72
MSCI BRAZIL-19.81-15.3720.06

Discrete performance over

Discrete Performance

Top 10 Holdings

Itau Unibanco Banco Multiplo ADR 10.10%
Petroleo Brasileiro SA ADR 8.79%
Cielo Sa 5.45%
Banco Bradesco SA ADR 4.95%
AmBev Cia de Bebidas 4.65%
Valid Solu E Serv 4.44%
BB Seguridade Participacoes SA 4.04%
Embraer S.A. ADR 3.74%
Localiza Rent A Car S.A. 2.53%
Itausa Investimentos Itau 2.32%

Sectors weighting

General Equity 99.00%
Net Current Assets 1.00%

Regional weighting

Other Countries 100.00%
  • Investment trust info:

  • Sector Country Specialists: Latin America
  • Launch Date 26 Apr 2010
  • Base Currency GBX
  • Domicile UK
  • Share Price (p) 71.50
  • Share Type Ordinary Share
  • ISIN GB00B602HS43
  • Shares Issued (M) 51
  • Market Capital (£M) 37.02
  • Gross Assets (£M) 38.54
  • Net Assets (£M) 38.28
  • TER (%) 1.47
  • Historic Dividend Yield (%) 1.16
  • Next Dividend Date 20 Aug 2014
  • Next Dividend (p) 0.85
  • Last AGM 13 Sep 2013
  • Next AGM 15 Sep 2014
  • Last Annual Report Date 22 Jul 2013
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

  • To provide shareholders with long term total returns, predominantly comprising capital growth but with the potential for income by investing primarily in Brazilian companies.
  • Management Group(s):

  • JP Morgan Asset Management (UK) Ltd
  • JPMorgan Asset Management (UK) Ltd
  • Managed by:

  • Luis Carrillo Start: 26 Apr 2010
  • Sebastian Luparia Start: 26 Apr 2010
  • Sophie Bosch Start: 04 Mar 2014
  • Management Contract & Fees:

    Under the terms of the Management Agreement, the management fee is charged at the rate of 1.0% per annum of the Company's total assets less current liabilities. The fee is calculated and paid monthly in arrears. Investments made by the Company in investment funds on which the Manager or a member of its group earns a fee are excluded from the calculation and therefore attract no management fee. In addition, the Manager is entitled to receive a performance fee equivalent to 10 per cent of any outperformance of the Company's Net Asset Value per Ordinary Share (on a total return basis) over the Company's benchmark index, the MSCI Brazil 10/40 Index in sterling terms (on a total return basis) over the Company's financial year. The performance fee is calculated at the end of the Company's financial year and charged to its capital account in the annual financial statements. However, an estimate is accrued on a monthly basis and reflected in the Company's published Net Asset Value per Ordinary Share. The Management Agreement is terminable on six months' notice, such notice not to be given prior to the first anniversary of the Management Agreement. The fees of the Custodian will be agreed by the Company and the Custodian from time to time. Such fees are not expected to exceed GBP35,000 per annum.

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