Fund Report

May 2018 Buy Now

JPMorgan Funds - Europe Dynamic Fund

Best Fund Over 5 Years - Equity Europe4)
  • The Fund invests primarily in an aggressively managed portfolio of European companies.
  • The Fund is therefore exposed to concentration, smaller companies, currency, liquidity, equity and Eurozone sovereign debt crisis risks. For currency hedged share classes, the currency hedging process may not give a precise hedge and there is no guarantee that the hedging will be totally successful.
  • 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 maximise long-term capital growth by investing primarily in an aggressively managed portfolio of European companies.
Daily prices - NAV (EUR) (A (dist) - EUR Class)

 A (dist) - EUR Class
Fund manager Jonathan Ingram/John Baker/Anis Lahlou-Abid, London
Total fund size (m) USD 1,911.6
Denominated currency and NAV per unit:
A (dist) - EUR Class
A (acc) - AUD (hedged) Class
A (acc) - HKD (hedged) Class
A (acc) - USD (hedged) Class

EUR 19.67
AUD 14.22
HKD 13.21
USD 180.92
12 month NAV: High
EUR 20.94 (29.01.18)
EUR 18.70 (04.04.18)
Current charge: Initial
Management fee
5.0% of NAV
1.5% p.a.
Last distribution (xd date)
A (dist) - EUR Class

EUR 0.24 (12.09.17)
Distribution frequency (dist) Class
Expected annually
SEDOL code 4721653
ISIN code LU0119062650
Bloomberg code FFEUDAU LX
3 years 5 years Since launch3)
Correlation 0.94 0.93 0.91
Alpha % -0.07 0.07 0.24
Beta 0.91 0.97 0.94
Annualised volatility % 11.87 12.06 15.48
Sharpe ratio 0.08 0.72 0.24
Annualised tracking error % 4.24 4.38 6.47
Average annual return % 0.65 8.50 5.32
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 ratings: Morningstar, Inc., Analyst Rating - Bronze awarded to A (dist) - EUR Class, A (acc) - AUD (hedged) Class, A (acc) - HKD (hedged) Class and A (acc) - USD (hedged) Class; Star Rating awarded to A (dist) - EUR Class. 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). The AUD/CAD/EUR/GBP/NZD/SGD Hedged Classes are not recommended for investors whose base currency of investment is not in the aforesaid currencies. 1)Dividends reinvested after deduction of withholding tax. Prior to 01.01.01, MSCI Europe Price (Price change only, dividends not taken into account). 2)Available for purchase in Hong Kong on 31.05.04. 3)With the exception of the "Average annual return" figure, all data are calculated from the month end after inception. 4)From Thomson Reuters Lipper Awards, © 2017 Thomson Reuters. All rights reserved. Awarded to A (dist) - EUR 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. The investment returns are calculated in denominated currency. For funds/classes denominated in foreign currencies, US/HK dollar-based investors are therefore exposed to fluctuations in the currency exchange rate. 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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