Fund Report

November 2017 Buy Now

JPMorgan Funds - China Fund

SICAV Range
Asset Management Company of the Year - Asia4)
  • The Fund invests primarily in companies of the People's Republic of China ("PRC").
  • The Fund is therefore exposed to emerging markets, concentration, smaller companies, single country, investments in the PRC, QFII, Shanghai-Hong Kong Stock Connect, PRC tax, liquidity, currency and equity risks.
  • The Fund may at its discretion pay dividends out of capital. The Fund may also at its discretion pay dividends out of gross income while charging all or part of the Fund's fees and expenses to the capital of the Fund, resulting in an increase in distributable amount for the payment of dividends and therefore, effectively paying dividends out of realised, unrealised capital gains or capital. Investors should note that, share classes of the Fund which pay dividends may distribute not only investment income, but also realised and unrealised capital gains or capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any dividend payments, irrespective of whether such payment is made up or effectively made up out of income, realised and unrealised capital gains or capital, may result in an immediate reduction of the net asset value per share.
  • Investors may be subject to substantial losses.
  • Investors should not solely rely on this document to make any investment decision.

Investment objective

To provide long-term capital growth by investing primarily in companies of the People's Republic of China.
Daily prices - NAV (US$) (A (dist) - USD Class)
15.12.17
64.93
14.12.17
65.88
13.12.17
66.06
12.12.17
65.44
11.12.17
66.29

 A (dist) - USD Class
Fund manager Howard Wang/Rebecca Jiang, Hong Kong
Total fund size (m) USD 1,388.3
Denominated currency and NAV per unit:
A (dist) - USD Class
A (dist) - HKD Class

USD 63.41
HKD 14.69
12 month NAV: High
Low
USD 63.41 (31.10.17)
USD 41.41 (23.12.16)
Current charge: Initial
Redemption
Management fee
5.0% of NAV
0%
1.5% p.a.
Last distribution (xd date)
A (dist) - USD Class
A (dist) - HKD Class

USD 0.10 (12.09.17)
HKD 0.03 (12.09.17)
Distribution frequency
Expected annually
SEDOL code 5224076
ISIN code LU0051755006
Bloomberg code FLEFCHI LX
3 years 5 years Since launch3)
Correlation 0.98 0.98 0.96
Alpha % 0.04 0.03 0.12
Beta 1.02 1.02 1.01
Annualised volatility % 21.33 19.21 30.84
Sharpe ratio 0.53 0.52 0.20
Annualised tracking error % 4.02 4.14 8.10
Average annual return % 11.84 10.38 8.88
Fund Category

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

Unless stated otherwise, all information as at the last valuation date of the previous month. Source: J.P. Morgan Asset Management/BNP Paribas/Thomson Reuters Datastream (NAV to NAV in denominated currency with income reinvested). Source of star rating: Morningstar, Inc. 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. Investors are advised to consult our Investment Advisers before investing. Any overweight in any investment holding exceeding the limit set out in the Investment Restrictions was due to market movements and will be rectified shortly. Top ten holdings is available upon request. 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)Dividends reinvested after deduction of withholding tax. Prior to 01.08.08, BNP Paribas China Price (Price change only, dividends not taken into account). 2)Available for purchase in Hong Kong on 18.05.01. 3)With the exception of the "Average annual return" figure, all data are calculated from the month end after inception. 4)Issued by The Asset, 2017 award, reflecting performance of previous calendar year.

For funds offering classes with a distribution feature, such classes aim at monthly, quarterly, semi-annual or annual distribution as the case may be. Dividend rate is not guaranteed. Distributions may be paid from capital. 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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