Fund Report

December 2018 Buy Now

JPMorgan Funds - Global Government Bond Fund

SICAV Range
The Asset Triple A Awards Asset Management Company of the Year, Asia - Overall4)
  • The Fund invests primarily in a portfolio of global government debt securities.
  • The Fund is exposed to sovereign, interest rate risks which may affect the price of bonds, credit, liquidity and Eurozone sovereign debt crisis risks.
  • Investors may be subject to substantial losses.
  • Investors should not solely rely on this document to make any investment decision.

Investment objective

To achieve an investment return in line with the benchmark by investing primarily in a portfolio of global fixed and floating rate government debt securities.
Daily prices - NAV (US$)
23.01.19
17.28
22.01.19
17.29
21.01.19
17.26
18.01.19
17.27
17.01.19
17.28

Fund manager David Tan, London
Launch date1) 20.02.09
Total fund size (m) USD 1,206.3
Denominated currency and NAV per unit USD 16.98
12 month NAV: High
Low
USD 17.08 (19.07.18)
USD 16.73 (08.02.18)
Current charge: Initial
Redemption
Management fee
3.0% of NAV
0%
0.4% p.a.
SEDOL code B3KR0V2
ISIN code LU0406674159
Bloomberg code JPGAAEH LX
Bond quality AAA: 6.6% / AA: 28.9% / A: 39.6% / BBB: 23.6%
Average: duration/maturity 8.0 years / 9.7 years
Yield to maturity2) 0.24%
3 years 5 years Since launch3)
Correlation 0.98 0.98 0.98
Alpha % -0.01 -0.01 -0.02
Beta 0.97 0.97 1.02
Annualised volatility % 2.90 2.92 3.00
Sharpe ratio 0.27 0.73 0.85
Annualised tracking error % 0.57 0.52 0.54
Average annual return % 1.96 2.93 3.07
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/Thomson Reuters Datastream (NAV to NAV in denominated currency with income reinvested). Source of star rating: Morningstar, Inc. Source of bond rating: Moody's, S&P and Fitch. 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. 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)Available for purchase in Hong Kong on 12.04.10. 2)Yield figure reported is denoted in denominated currency. Yields may vary between share classes denominated in different currencies. 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.

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.


Show site index
Open Account About Us Contact Us