Fund Report

February 2019 Buy Now

JPMorgan Funds - USD Money Market VNAV Fund

SICAV Range
The Asset Triple A Awards Asset Management Company of the Year, Asia - Overall2)
  • The Fund seeks to achieve a return in USD in line with prevailing money market rates whilst aiming to preserve capital consistent with such rates and to maintain a high degree of liquidity by investing in USD denominated short-term debt securities (including money market instruments, eligible securitisations and asset-backed commercial paper) and deposits with credit institutions.
  • Investment in the Fund is not the same as placing funds on deposit with a bank or deposit-taking institution. The management company has no obligation to redeem shares at the offer value and the Fund is not subject to the supervision of the Hong Kong Monetary Authority. Investors may be subject to interest rate risks which may affect the price of bonds, and unrated debt securities of comparable credit quality, credit, reverse repurchase transactions, sovereign and currency risks.
  • Investors may be subject to substantial losses.
  • Investors should not solely rely on this document to make any investment decision.

Investment objective

The Fund seeks to achieve a return in USD in line with prevailing money market rates whilst aiming to preserve capital consistent with such rates and to maintain a high degree of liquidity by investing in USD denominated short-term debt securities (including money market instruments, eligible securitisations and asset-backed commercial paper) and deposits with credit institutions.
Daily prices - NAV (US$)
21.03.19
103.43
20.03.19
103.42
19.03.19
103.42
18.03.19
103.41
15.03.19
103.40

Fund manager Christopher Tufts/Doris Grillo, USA
Launch date 06.06.14
Total fund size (m) USD 595.2
Denominated currency and NAV per unit USD 103.10
12 month NAV: High
Low
USD 103.10 (31.01.19)
USD 101.25 (01.02.18)
Current charge: Initial
Redemption
Management fee
Nil
Nil
0.25% p.a.
Yield1) 2.32%
Redemption settlement date T+3 business days
SEDOL code BJ2SH47
ISIN code LU0945454980
Bloomberg code JPUMMAU LX
Average: duration/maturity 0.1 year / 31.8 days
3 years 5 years Since launch
Fund Category

Contact Us
For more information, please contact your bank, investment adviser or call us directly. Tel: (852) 2265 1188

Effective 03.12.18, JPMorgan Funds - USD Money Market VNAV Fund was reclassified as a Short-Term Variable Net Asset Value Money Market Fund. Key changes include fund name, investment objective, investment policy, specific investment restrictions and investor profile. Please refer to the offering document for details. Unless stated otherwise, all information as at the last valuation date of the previous month. Source: J.P. Morgan Asset Management (NAV to NAV in denominated currency). Source of star rating: Morningstar, Inc. Source of bond rating: S&P. Risk ratings (if any) are based on J.P. Morgan Asset Management's assessment of relative risk by asset class and historical volatility of the fund where applicable. The risk ratings are reviewed annually or as appropriate and for reference only. Top ten holdings is available upon request. *Since launch to end of year for fund classes incepted in that year. It should be noted that due to the difference of the fund domiciles the valuation points used by Unit Trust range and SICAV range of funds for fair valuation (where applied) may vary. For details please refer to the respective offering document(s). 1)The yield of the Fund is calculated based on the annualised percentage change in NAV over the last two valuation dates of the previous month. The yield is not guaranteed and is provided for reference only. 2)Issued by The Asset, 2018 award, reflecting performance of previous calendar year.

Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document(s) for details, including the risk factors. This document has not been reviewed by the SFC. Issued by JPMorgan Funds (Asia) Limited.

For funds with different share classes, please refer to "Daily Fund Prices" or "Historical Prices" page for information on other share classes.


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