JPMorgan Brazil (Ordinary Share) JPB

Country Specialists: Latin America

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Estimated NAV (p)

42.00

Share Price (p)

38.66

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
JPMorgan Brazil (Ordinary Share) Price -52.26%
JPMorgan Brazil (Ordinary Share) NAV -51.08%
MSCI BRAZIL -48.79%
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 38.4p -7.9% 42.00p 41.00p
25 Aug
100% 1.04%

Discrete performance % over

Fund / BenchmarkSep '12
Aug '13
Sep '13
Aug '14
Sep '14
Aug '15
JPMorgan Brazil (Ordinary Share) Price-15.703.87-45.48
JPMorgan Brazil (Ordinary Share) NAV-16.059.30-46.69
MSCI BRAZIL-16.2925.25-51.16

Discrete performance over

Discrete Performance

Top 10 Holdings

AmBev ADR 10.30%
Banco Bradesco SA ADR 8.28%
Itau Unibanco Banco Multiplo ADR 8.18%
Valid Solucoes eServicos de Se 4.85%
Raia Drogasil S.A. 4.24%
Lojas Renner 4.14%
Ultrapar Holdings Inc ADR 3.74%
WEG 3.74%
BB Seguridade Participacoes SA 3.74%
Embraer S.A. ADR 3.64%

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
  • Base Currency GBX
  • Domicile UK
  • Share Price (p) 38.66
  • Share Type Ordinary Share
  • TIDM JPB
  • ISIN GB00B602HS43
  • Shares Issued (M) 47
  • Market Capital (£M) 17.95
  • Gross Assets (£M) 19.56
  • Net Assets (£M) 19.50
  • TER (%) 1.81
  • Historic Dividend Yield (%) 1.04
  • Last AGM 15 Sep 2014
  • Next AGM 11 Sep 2015
  • Last Annual Report Date 15 Jul 2015
  • 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
  • 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. The performance fee is calculated and accrued annually in all outcomes. Only paid to JPMAM in a year when the Company delivers a positive NAV total return. The Management Agreement is terminable on six months' notice, such notice not to be given prior to the first anniversary of the Management Agreement.