Fact sheet: JP Morgan Mid Cap IT plc

Fund information
Fund name
JP Morgan Mid Cap IT plc
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund managers
  • Georgina Brittainsince 01/03/2012
  • Katen Patelsince 31/03/2014
Accolades
Winner - Best UK Trust 
Winner - Regular savings UK Equity
Fund objective
Aims to achieve capital growth from investing in medium sized UK listed companies, by outperformance of the FTSE Mid 250 Index. The company will predominantly invest in quoted companies from the FTSE Mid 250 Index, although, where appropriate, it may invest in quoted UK companies outside of this index as well as companies quoted on the Alternative Investment Market which is the London Stock Exchange market for smaller, growing companies. The company has the ability to use borrowing to gear the portfolio within the range of 5% net cash to 25% geared in normal market conditions.
Benchmark
  • FTSE 250 (ex ITs) Index
Investment style
Active,Growth
Investment method
Shares
Quick stats
1 Year return
29.5%
1 Year rank in sector
5/15
Sector
IT UK All Companies
Yield
2%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.86%
Fund size
£272m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
133
Mid price
1142
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
1232.6
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-7.35
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
105
Top in this sector
Fund name1 Year
Manchester & London IT plc59.8%
Henderson Opps Tst38%
Artemis Alpha Tst plc32%
Schroder UK Mid Cap29.6%
JP Morgan Mid Cap IT plc29.5%
...more in IT UK All Companies

Performance snapshot

Holdings snapshot

  • UK98.2%
    Money Market1.8%
  • Industrials33.3%
    Financials23.9%
    Consumer Services20.5%
    Technology6.7%
    Consumer Goods5.7%
  • UK Equities98.2%
    Money Market1.8%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%9%9%29.5%59.5%175%
Sector-0.2%1.3%1.1%19.3%29.3%76%
Rank within sector3 / 153 / 153 / 155 / 152 / 141 / 13
Quartile1st1st1st2nd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund24%-11.3%42.5%3%65.4%
Sector14.7%3.8%9.1%-1.7%31.3%
Rank within sector4 / 1515 / 151 / 144 / 133 / 13
Quartile2nd4th1st2nd1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
2.11
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.61
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.68
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
19.79
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
14.2
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.47
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.58
Price movement
52 week high1165.5
52 week low905.5
Current bid price1142
Current offer price1149
Current mid price1142
Region
1UK98.2%
2Money Market1.8%
Industry sector
1Industrials33.3%
2Financials23.9%
3Consumer Services20.5%
4Technology6.7%
5Consumer Goods5.7%
6Health Care4.6%
7Basic Materials2.4%
8Money Market1.8%
9Oil & Gas0.8%
Asset type
1UK Equities98.2%
2Money Market1.8%
Individual holdings
1JD SPORTS FASHION PLC5.1%
2ASHTEAD GROUP ORD GBP0.104.9%
3ELECTROCOMPON ORD GBP0.103.9%
4ONESAVINGS BANK PLC3.1%
5INTERMEDIATE CAPITAL GROUP2.7%
6JUST EAT PLC2.7%
7NMC HEALTH PLC2.7%
8SMITH(DS) ORD GBP0.102.5%
9BELLWAY PLC2.4%
Management
Fund manager group
J.P. Morgan Asset Management
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund objective
Aims to achieve capital growth from investing in medium sized UK listed companies, by outperformance of the FTSE Mid 250 Index. The company will predominantly invest in quoted companies from the FTSE Mid 250 Index, although, where appropriate, it may invest in quoted UK companies outside of this index as well as companies quoted on the Alternative Investment Market which is the London Stock Exchange market for smaller, growing companies. The company has the ability to use borrowing to gear the portfolio within the range of 5% net cash to 25% geared in normal market conditions.
Benchmark
  • FTSE 250 (ex ITs) Index
Investment style
Active,Growth
Investment method
Shares
Fund managers
NameSinceBiography
Georgina Brittain01/03/2012Georgina Brittain is a senior portfolio manager for smaller companies funds within the J.P. Morgan Asset Management European Equity Group. She is the fund manager for the JPM Life UK Small Cap Fund, the JPM UK Smaller Companies Fund and the JPMorgan Smaller Companies Investment Trust. She is also a co-manager for our range of European small cap funds. An employee since 1995, Georgina was previously an analyst in the UK Research Department. Georgina obtained an M.A. in Classics from Oxford University, and earned a Diploma in Law from City University, London. She is a qualified barrister.
Katen Patel31/03/2014Katen Patel, Executive Director, is a portfolio manager in the Europe Small/Mid Cap Team within the J.P. Morgan Asset Management European Equity Group. He is the co-manager of the UK Equity Income Fund, UK Smaller Companies Fund, the JPMorgan Smaller Companies Investment Trust and the JPMorgan Mid Cap Investment Trust. An employee since April 2013, he previously worked at HSBC Bank Plc in a European equity sales role. He obtained a B.Sc. in Management from the London School of Economics. Katen is a CFA charterholder.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
JP Morgan Mid Cap IT plc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1232.6
CurrencyGBX
Price updated15/11/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJPC
Data provided by

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