JPMorgan Brazil (Ordinary Share) JPB

Country Specialists: Latin America

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Estimated NAV (p)

49.00

Share Price (p)

44.00

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
JPMorgan Brazil (Ordinary Share) Price -43.51%
JPMorgan Brazil (Ordinary Share) NAV -41.56%
MSCI BRAZIL -37.64%
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 45.6p -7.1% 49.00p 49.00p
30 Jul
100% 0.88%

Discrete performance % over

Fund / BenchmarkAug '12
Jul '13
Aug '13
Jul '14
Aug '14
Jul '15
JPMorgan Brazil (Ordinary Share) Price-8.45-3.86-35.82
JPMorgan Brazil (Ordinary Share) NAV-7.11-6.58-32.65
MSCI BRAZIL-13.4517.43-38.64

Discrete performance over

Discrete Performance

Top 10 Holdings

Banco Bradesco SA ADR 8.45%
Itau Unibanco Banco Multiplo ADR 8.35%
AmBev ADR 7.53%
Valid Solucoes e Servicos de Seguranca 4.64%
Lojas Renner S.A. 4.23%
Bm&F Bovespa Sa 3.81%
Raia Drogasil S.A. 3.81%
BB Seguridade Participacoes SA 3.81%
Weg SA 3.71%
Embraer S.A. ADR 3.51%

Sectors weighting

General Equity 97.00%
Net Current Assets 3.00%

Regional weighting

Other Countries 97.00%
Cash/Cash Equivalent 3.00%
  • Investment trust info:

  • Sector Country Specialists: Latin America
  • Launch Date 26 Apr 2010
  • Base Currency GBX
  • Domicile UK
  • Share Price (p) 44.00
  • Share Type Ordinary Share
  • TIDM JPB
  • ISIN GB00B602HS43
  • Shares Issued (M) 47
  • Market Capital (£M) 21.34
  • Gross Assets (£M) 22.98
  • Net Assets (£M) 22.98
  • TER (%) 1.81
  • Historic Dividend Yield (%) 0.88
  • 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.