Fund Report

November 2017 Buy Now

JPMorgan Funds - US Technology Fund

SICAV Range
Asset Management Company of the Year - Asia4)
  • The Fund invests primarily in technology, media and telecommunications related US companies.
  • The Fund is therefore exposed to smaller companies, technology related companies, single country, liquidity 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 technology, media and telecommunications related US companies.
Daily prices - NAV (US$)
15.12.17
16.18
14.12.17
16.18
13.12.17
16.17
12.12.17
16.14
11.12.17
16.15

Fund manager Greg Tuorto/Joseph Wilson, USA
Launch date2) 05.12.97
Total fund size (m) USD 396.6
Denominated currency and NAV per unit USD 16.17
12 month NAV: High
Low
USD 16.17 (31.10.17)
USD 10.78 (02.12.16)
Current charge: Initial
Redemption
Management fee
5.0% of NAV
0%
1.5% p.a.
Last distribution (xd date) USD 0.01 (12.09.17)
Distribution frequency
Expected annually
SEDOL code 5383494
ISIN code LU0082616367
Bloomberg code FLEUSTI LX
3 years 5 years Since launch3)
Correlation 0.95 0.91 0.94
Alpha % -0.05 -0.37 -0.45
Beta 1.14 1.14 1.10
Annualised volatility % 16.40 15.81 33.62
Sharpe ratio 1.12 1.16 0.01
Annualised tracking error % 5.46 6.70 12.02
Average annual return % 18.92 18.79 2.47
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/B-One (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. The time difference between fund NAV calculation and US market closing can distort the Fund's relative performance. 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)Prior to 02.10.17, BofA Merrill Lynch 100 Technology Price. Price change only, dividends not taken into account. Prior to 01.10.11, CS Technology Total. Prior to 01.04.02, JPMorgan H&Q Technology. 2)Available for purchase in Hong Kong on 02.04.02. 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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