Fund Report

February 2019 Buy Now

JPMorgan Funds - Global Real Estate Securities Fund (USD)

SICAV Range
The Asset Triple A Awards Asset Management Company of the Year, Asia - Overall3)
  • The Fund invests primarily in a portfolio of Real Estate Investment Trusts ("REITs") and in companies that own, develop, operate or finance real estate, where real estate assets or activities account for more than 50% of the value of such companies' shares ("Real Estate Companies").
  • The Fund is therefore exposed to concentration, 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), smaller companies, liquidity, Eurozone sovereign debt crisis 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 a portfolio of Real Estate Investment Trusts ("REITs") and in companies that own, develop, operate or finance real estate, where real estate assets or activities account for more than 50% of the value of such companies' shares ("Real Estate Companies").
Daily prices - NAV (US$)
21.03.19
110.73
20.03.19
109.71
19.03.19
110.17
18.03.19
110.48
15.03.19
110.19

Fund manager Alan Supple, New York/Sara Bellenda, London
Launch date 19.07.13
Total fund size (m) USD 96.6
Denominated currency and NAV per unit USD 106.31
12 month NAV: High
Low
USD 108.29 (29.08.18)
USD 94.70 (27.12.18)
Current charge: Initial
Redemption
Management fee
5.0% of NAV
0%
1.5% p.a.
Last distribution (xd date) USD 1.41 (05.09.18)
Distribution frequency
Expected annually
SEDOL code B2PF1N3
ISIN code LU0336377303
Bloomberg code JPGRECI LX
3 years 5 years Since launch2)
Correlation 0.99 0.98 0.98
Alpha % -0.15 -0.15 -0.16
Beta 0.97 0.99 0.99
Annualised volatility % 11.89 12.01 11.98
Sharpe ratio 0.37 0.31 0.22
Annualised tracking error % 1.93 2.20 2.19
Average annual return % 5.68 4.63 3.37
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. 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) FTSE EPRA Nareit Developed Net Index (Dividends reinvested after deduction of withholding tax). 2)With the exception of the "Average annual return" figure, all data are calculated from the month end after inception. 3)Issued by The Asset, 2018 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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