JPMorgan Brazil (Ordinary Share) JPB

Country Specialists: Latin America

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Estimated NAV

38.00

Share Price

36.50

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
JPMorgan Brazil (Ordinary Share) Price -60.27%
JPMorgan Brazil (Ordinary Share) NAV -58.41%
MSCI BRAZIL -61.64%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 35.5 -7.1% 38.00 39.00
10 Feb
100% 1.13%

Discrete performance % over

Fund / BenchmarkMar '13
Feb '14
Mar '14
Feb '15
Mar '15
Feb '16
JPMorgan Brazil (Ordinary Share) Price-35.67-4.91-35.06
JPMorgan Brazil (Ordinary Share) NAV-31.42-9.99-32.63
MSCI BRAZIL-24.20-15.01-40.46

Discrete performance over

Discrete Performance

Top 10 Holdings

AmBev ADR 9.90%
Itau Unibanco Banco Multiplo ADR 8.28%
Valid Solucoes e Servicos de Seguranca 5.56%
Bm&F Bovespa Sa 4.14%
Embraer S.A. ADR 4.04%
Raia Drogasil S.A. 3.94%
Banco Bradesco SA ADR 3.84%
Lojas Renner 3.74%
Ultrapar Holdings Inc ADR 3.74%
WEG 3.54%

Sectors weighting

General Equity 99.00%
Net Current Assets 1.00%

Regional weighting

Other Countries 99.00%
Cash/Cash Equivalent 1.00%
  • Investment trust info:

  • Sector Country Specialists: Latin America
  • Launch Date 26 Apr 2010
  • Currency GBX
  • Domicile UK
  • Share Price 36.50
  • Share Type Ordinary Share
  • TIDM JPB
  • ISIN GB00B602HS43
  • Shares Issued (M) 46
  • Market Capital (£M) 16.50
  • Gross Assets (£M) 17.50
  • Net Assets (£M) 17.50
  • TER (%) 1.81
  • Historic Dividend Yield (%) 1.13
  • Last AGM 11 Sep 2015
  • Next AGM 12 Sep 2016
  • Last Annual Report Date 15 Jul 2015
  • Next due Report Date 30 Apr 2016
  • Next due Report Type A/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
  • JPMorgan Funds Limited
  • Managed by:

  • Luis Carrillo 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. From 1 May 2015 the Company has agreed that the management fee will be reduced to the extent necessary to ensure that the Company's ongoing charges ratio does not exceed 2%. 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% of any outperformance of the Company's NAV per Ordinary Share (on a total return basis) over the Company's benchmark index, the MSCI Brazil 10/40 Index (in sterling terms), with net dividends reinvested. A performance fee measurement period ends, and restarts, at a financial year end when outperformance of the Company's benchmark has been achieved and a performance fee earned. That is, the period may be more than one year. The performance fee that can be paid to the Manager in any one year is capped at 1.0% of the Company's average monthly total assets less current liabilities, and in a year when the company produces a negative absolute net asset value total return per share yet outperformed the benchmark in relative terms, this amount will be accrued but not paid. Any amount earned in excess of this cap will be carried forward and will be offset against any underperformance in future years.