JPMorgan Brazil (Ordinary Share) JPB

Country Specialists: Latin America

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Estimated NAV


Share Price


Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
JPMorgan Brazil (Ordinary Share) Price -52.09%
JPMorgan Brazil (Ordinary Share) NAV -51.05%
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 38.3 -6.1% 41.00 42.00
27 Nov
100% 1.05%

Discrete performance % over

Fund / BenchmarkDec '12
Nov '13
Dec '13
Nov '14
Dec '14
Nov '15
JPMorgan Brazil (Ordinary Share) Price-15.42-6.43-39.46
JPMorgan Brazil (Ordinary Share) NAV-13.10-4.60-40.96
MSCI BRAZIL-5.71-6.68-44.96

Discrete performance over

Discrete Performance

Top 10 Holdings

AmBev ADR 10.31%
Itau Unibanco Banco Multiplo ADR 8.33%
Valid Solucoes e Servicos de Seguranca 5.73%
Raia Drogasil S.A. 4.38%
Bm&F Bovespa Sa 4.27%
Ultrapar Holdings Inc ADR 4.06%
Lojas Renner S.A. 4.06%
Banco Bradesco SA ADR 4.06%
Embraer S.A. ADR 3.85%
BB Seguridade Participacoes SA 3.54%

Sectors weighting

General Equity 96.00%
Net Current Assets 4.00%

Regional weighting

Other Countries 96.00%
Cash/Cash Equivalent 4.00%
  • Investment trust info:

  • Sector Country Specialists: Latin America
  • Launch Date 26 Apr 2010
  • Currency GBX
  • Domicile UK
  • Share Price 38.25
  • Share Type Ordinary Share
  • ISIN GB00B602HS43
  • Shares Issued (M) 47
  • Market Capital (£M) 17.89
  • Gross Assets (£M) 19.07
  • Net Assets (£M) 19.07
  • TER (%) 1.81
  • Historic Dividend Yield (%) 1.05
  • Last AGM 11 Sep 2015
  • Next AGM 11 Sep 2016
  • 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.