Fund Report

March 2019 Buy Now

JPMorgan Global Property Income Fund1)

Unit Trust Range
The Asset Triple A Awards Asset Management Company of the Year, Asia - Overall4)
Best Fund Over 3 & 5 Years - Equity Sector Real Estate Holdings Global5)
  • The Fund invests primarily in securities that are listed on any stock exchange and are principally engaged in or related to the property industry or which own significant property assets.
  • The Fund is therefore exposed to diversification, real estate securities, real estate market related risks (associated with the risk of investing in REITs and other property related securities; direct investment in real estate is not permitted), Eurozone sovereign debt crisis and equity risks.
  • Where the income generated by the Fund is insufficient to pay a distribution as the Fund declares, the Manager may at its discretion determine such distributions may be paid from capital including realised and unrealised capital gains. Investors should note that the payment of distributions out of capital represents a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to that original investment. Any payments of distributions by the Fund may result in an immediate decrease in the net asset value per unit.
  • Investors may be subject to substantial losses.
  • Investors should not solely rely on this document to make any investment decision.

Investment objective

To achieve a high level of current income and long-term capital appreciation primarily through investing in securities that are listed on any stock exchange and are principally engaged in or related to the property industry or which own significant property assets. The Fund does not invest in real estate directly.
Daily prices - NAV (US$) ((div) - USD Class)

 (div) - USD Class
Fund manager Alan Supple, New York/Sara Bellenda, London
Total fund size (m) USD 12.1
Denominated currency and NAV per unit:
(div) - USD Class
(mth) - HKD Class
(mth) - USD Class

USD 9.82
HKD 9.18
USD 9.08
12 month NAV: High
USD 10.11 (20.08.18)
USD 8.80 (02.01.19)
Current charge: Initial
Management fee
5.0% of NAV
1.5% p.a.
Last distribution (xd date)
(div) - USD Class
(mth) - HKD Class
(mth) - USD Class

USD 0.1265 (31.12.18)
HKD 0.0394 (28.02.19)
USD 0.039 (28.02.19)
Annualised yield 2)
(div) - USD Class
(mth) - HKD Class
(mth) - USD Class

Distribution frequency
Expected quarterly
SEDOL code B42GDL5
ISIN code HK0000055837
Bloomberg code JPMGPIF HK
3 years 5 years Since launch3)
Correlation - - -
Alpha % - - -
Beta - - -
Annualised volatility % 11.41 11.69 16.86
Sharpe ratio 0.31 0.32 0.09
Annualised tracking error % - - -
Average annual return % 4.93 4.68 3.09
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 (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. 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. *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). Dividend of the fund may be paid out of capital, subject to the fund manager's discretion. Payment of dividends from capital may result in a decrease in the net asset value. Positive distribution yield does not imply positive return. Dividend is not guaranteed. 1)This Fund is authorised under the SFC Code on Unit Trusts and Mutual Funds but not under the SFC Code on REITs. The Fund does not invest in real estate property directly. The authorisation from SFC does not imply official recommendation. 2)Annualised yield = [(1+distribution per unit/ex-dividend NAV)^distribution frequency]-1. The annualised dividend yield is calculated based on the latest dividend distribution with dividend reinvested, and may be higher or lower than the actual annual dividend yield. Positive distribution yield does not imply positive return. 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, 2018 award, reflecting performance of previous calendar year. 5)From Thomson Reuters Lipper Awards, © 2017 Thomson Reuters. All rights reserved. Awarded to (div) - USD Class, reflecting performance as at the previous calendar year end. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.

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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