JPMorgan Natural Resources Class C - Net Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | -1.8% | 24.6% | 41.4% | -8.8% | 6.5% |
| Sector | 3.4% | 26.6% | 25.4% | -10.0% | 8.9% |
| Rank | 16/26 | 17/26 | 9/28 | 15/28 | 17/29 |
| Quartile | 3 | 3 | 2 | 3 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 11.2% | 11.0% | 7.3% | |
| Sector | 7.1% | 10.0% | 7.6% | |
| Rank | 8/28 | 10/26 | 7/19 | |
| Quartile | 2 | 2 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| EXXON MOBIL CORPORATION | 8.51 |
| RIO TINTO | 6.26 |
| FREEPORT-MCMORAN INC | 5.57 |
| NEWMONT CORPORATION | 4.61 |
| SHELL | 4.19 |
| TOTAL SE | 3.93 |
| BHP GROUP LIMITED | 3.40 |
| GLENCORE | 3.33 |
| CANADIAN NATURAL RESOURCES LIMITED | 2.86 |
| CONOCOPHILLIPS | 2.81 |
| Total | 45.46 |
Fund Aims
The Fund aims to invest primarily in the shares of companies throughout the world engaged in the production and marketing of commodities. The fund aims to provide capital growth over the long term.
Fund Manager
Christopher Korpan, Executive Director, is a global sector specialist in the J.P. Morgan Asset Management International Equity Group – Global Specialist Team, based in London. An employee since 2010, he specializes in Natural Resources, within the materials sector. Before joining J.P. Morgan, he worked as a business analyst at Lundin Mining Corporation and as a geologist at Bema Gold Corporation. Christopher obtained an MSc in Metals and Energy Finance from Imperial College London and a BSc Geology (Hons) from Edinburgh University, and is a CFA charterholder.
Neil Gregson, Managing Director, is a portfolio manager in the J.P. Morgan Asset Management International Equity Group – Global Specialist Team, based in London, and is a member of the team responsible for global natural resources mandates. Neil joined the team in September 2010 from CQS Asset Management where he was a Senior Portfolio Manager and Head of the Long-Only Business, with particular focus on the natural resources sector. Prior to this, Neil was the head of Emerging Markets at Credit Suisse Asset Management where he managed gold and resource equity funds. Neil began his career holding various positions at mining and resource companies, including a role as a mining investment analyst at South African company Gold Fields. He is a qualified mining engineer and holds a BSc in Mining Engineering from Nottingham University.
Fund Overview
| Mid (20/12/2024) | 981.90p |
| Historic yield | 2.84% |
| Fund size (30/09/2024) | £836.68m |
| Number of holdings | 64 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.83% |
| Launch date | 08/10/2012 |
Asset Allocation
| International Equities | 84.47% | |
| UK Equities | 14.83% | |
| Cash and Equivalents | -0.78% | |
| Other Assets | 1.47% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 84.47% | |
| UK Equities | 14.83% | |
| Cash and Equivalents | -0.78% | |
| Other Assets | 1.47% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Basic Materials | 53.03% | - | - | - | |
| Basic Resources | - | 53.03% | - | - | |
| Industrial Metals & Mining | - | - | 33.01% | - | |
| General Mining | - | - | - | 17.83% | |
| Copper | - | - | - | 9.11% | |
| Iron & Steel | - | - | - | 3.38% | |
| Nonferrous Metals | - | - | - | 2.70% | |
| Precious Metals & Mining | - | - | 20.02% | - | |
| Gold Mining | - | - | - | 19.36% | |
| Platinum & Precious Metals | - | - | - | 0.66% | |
| Energy | 45.75% | - | - | - | |
| Energy | - | 45.75% | - | - | |
| Non-Renewable Energy | - | - | 45.24% | - | |
| Integrated Oil & Gas | - | - | - | 20.46% | |
| Oil: Crude Producers | - | - | - | 10.49% | |
| Pipelines | - | - | - | 9.66% | |
| Oil Refining and Marketing | - | - | - | 3.32% | |
| Coal | - | - | - | 0.79% | |
| Oil Equipment & Services | - | - | - | 0.52% | |
| Renewable Energy | - | - | 0.51% | - | |
| Alternative Fuels | - | - | - | 0.51% | |
| Non-Classified | 1.47% | - | - | - | |
| Non-Classified | - | 1.47% | - | - | |
| Non-Classified | - | - | 1.47% | - | |
| Non-Classified | - | - | - | 1.47% | |
| Industrials | 0.52% | - | - | - | |
| Industrial Goods & Services | - | 0.52% | - | - | |
| Industrial Transportation | - | - | 0.52% | - | |
| Marine Transportation | - | - | - | 0.52% | |
| Cash and Equivalents | -0.78% | - | - | - | |
Regional Allocation
| North America | 59.29% | |
| UK | 14.83% | |
| Australia & New Zealand | 10.86% | |
| Developed Europe - Excl UK | 7.17% | |
| South & Central America | 3.11% | |
| Middle East & Africa | 2.37% | |
| Emerging Asia | 1.66% | |
| Non-Classified | 1.47% | |
| Cash and Equivalents | -0.78% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.72% | |
| Cash | 0.17% | |
| Pound Sterling | 0.10% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 59.29% | - | |
United States
|
- | 41.89% | |
Canada
|
- | 17.40% | |
| UK | 14.83% | - | |
United Kingdom
|
- | 14.83% | |
| Australia & New Zealand | 10.86% | - | |
Australia
|
- | 10.86% | |
| Developed Europe - Excl UK | 7.17% | - | |
France
|
- | 4.44% | |
Sweden
|
- | 1.74% | |
Portugal
|
- | 0.99% | |
| South & Central America | 3.11% | - | |
Mexico
|
- | 1.63% | |
Brazil
|
- | 1.48% | |
| Middle East & Africa | 2.37% | - | |
South Africa
|
- | 2.37% | |
| Emerging Asia | 1.66% | - | |
China
|
- | 1.66% | |
| Non-Classified | 1.47% | - | |
| Cash and Equivalents | -0.78% | - | |
Breakdown By Market Cap (%)
| Mega |
|
41.40% |
| Large |
|
33.26% |
| Medium |
|
8.86% |
| Non-Classified |
|
17.26% |
| Cash |
|
-0.78% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | EXXON MOBIL CORPORATION | 8.51% | Non-Renewable Energy | United States |
| 2 | RIO TINTO | 6.26% | Industrial Metals & Mining | United Kingdom |
| 3 | FREEPORT-MCMORAN INC | 5.57% | Industrial Metals & Mining | United States |
| 4 | NEWMONT CORPORATION | 4.61% | Precious Metals & Mining | United States |
| 5 | SHELL | 4.19% | Non-Renewable Energy | United Kingdom |
| 6 | TOTAL SE | 3.93% | Non-Renewable Energy | France |
| 7 | BHP GROUP LIMITED | 3.40% | Industrial Metals & Mining | Australia |
| 8 | GLENCORE | 3.33% | Industrial Metals & Mining | United Kingdom |
| 9 | CANADIAN NATURAL RESOURCES LIMITED | 2.86% | Non-Renewable Energy | Canada |
| 10 | CONOCOPHILLIPS | 2.81% | Non-Renewable Energy | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Energy | 4.19% | 41.56% | - | - | - | - | - | - | 45.75% |
| Industrials | - | 0.52% | - | - | - | - | - | - | 0.52% |
| Basic Materials | 10.64% | 42.39% | - | - | - | - | - | - | 53.03% |
| Cash and Equivalents | - | - | - | - | - | - | - | -0.78% | -0.78% |
| Non-Classified | - | - | - | - | - | - | 1.47% | - | 1.47% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B88MP08 |
| Mex Code | C5EDNC |
| Isin Code | GB00B88MP089 |
| Citi Code | GPUM |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.83% |
Aims and Benchmark
| Aims | The Fund aims to invest primarily in the shares of companies throughout the world engaged in the production and marketing of commodities. The fund aims to provide capital growth over the long term. |
| Benchmark | HSBC Global Mining, Gold and Energy Index (Net) |
| Benchmark Category | - |
| IA Sector | Specialist |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | ICVC |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 31 January | 30 April |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The National Westminster Bank plc |
| Fund Administrator | Internal |
| Fund Registrar | Internal |
| Fund Custodian | Internal |
Group Details
| Group name | JPMorgan Asset Management |
| Group address | 60 Victoria Embankment London EC4Y 0JP United Kingdom |
| Group telephone | 0800 727 770 |
| Dealing telephone | 0207 742 9909 |
| ifaenquiry@jpmorgan.com | |
| Homepage | www.jpmorganassetmanagement.com/ |
| Fax number | 0207 742 9010 |
Dealing
| Minimum Investment | £5000000 |
| Minimum Top Up | £100000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 5.92 |
| Beta | 1.05 |
| Sharpe | 0.42 |
| Standard Deviation | 18.33 |
| Info Ratio | 0.74 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| High Yield Bonds | No |
| Sector Specific | Yes |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
Sector Specific
The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Higher Risk
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Liquidity
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.