JPM Multi-Asset Income B Net Acc (FUND:B4N1ZT1) - Overview

Fund Report

JP Morgan Multi-Asset Income B Net Accumulation

Key Stats
Morningstar® CategoryGBP Moderate Allocation
Manager Name-
Inception Date28/01/2013
NAV 21/10/2016GBP 0.91
Day Change0.04%
12 Month Yield3.89%
Dividend FrequencyQuarterly
Net Assets (mil) 30/09/2016419.66 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentNo
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge0.98%
Fund Rebate-

Morningstar Rating™

4 Stars


Fund Benchmark

40% MSCI World (Net) Hdg to GBP, 30% Barclays Gbl Credit Hdg to GBP, 30% Barclays US HY 2% Iss Cap Hdg to GBP

Morningstar® Benchmark

Cat 50%Barclays StlAgg TR&50%FTSE Wld TR

Morningstar Analyst Rating™ *


Growth Of 10,000 (GBP) 30/09/2016

How has this security performed
  • Fund: JP Morgan Multi-Asset Income B Net Accumulation
  • Category: GBP Moderate Allocation
  • Benchmark: Cat 50%Barclays StlAgg TR&50%FTSE Wld TR
Trailing Returns % (GBP) 21/10/2016
3 Years Annualised4.185.9911.06
5 Years Annualised7.687.6411.17
10 Years Annualised---

Morningstar SRRI

Lower Risk
Higher Risk
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The fund seeks to provide income by investing primarily in a global portfolio of income generating securities. The Fund will predominantly invest in fixed and floating rate Debt Securities and Equity and Equity Linked Securities to generate income. The Fund may invest in High-Yield Bonds, Convertible Bonds, Investment Grade, Below-Investment Grade and Unrated securities, Real Estate Investment Trusts (“REITS”), smaller companies and collective investment schemes as the Investment Adviser deems appropriate. Issuers of securities may be located in any country, including Emerging Markets and the Fund may invest in assets denominated in any currency. Non-Sterling currency exposure (excluding Emerging Markets local currency) will be hedged back to Sterling. The Fund may use Financial Derivative Instruments (derivatives) and forward transactions for investment purposes and Efficient Portfolio Management, including hedging.

Portfolio Profile30/09/2016

Morningstar Style Box®

Equity Style

Large, Mid, SmallSize
Value, Blend, Growth

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
Top Stock Regions
United States39.13
United Kingdom18.54
Europe - ex Euro4.02
Asia - Developed3.61

Top Sectors

Stock Sector%
Real Estate21.98
Financial Services17.61
Communication Services8.52
Consumer Cyclical8.49
Fixed Income Sector%
Corporate Bond75.42
Cash & Equivalents18.89
Asset Backed7.88
Non-Agency Residential Mortgage Backed5.12
Top Holdings
IncreaseDecreaseNew since last portfolio
New since last portfolioUs 5yr Note (Cbt) Bond 30/Dec/2016 Fvz6 Comdty 2016-12-30Not Classified9.72
IncreaseJPM US Dollar Liquidity X (dist.) 2049-12-31Not Classified1.49
GlaxoSmithKline PLC Healthcare0.88
Microsoft Corp Technology0.77
Comcast Corp Class A Communication Services0.73
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
© Copyright 2016 Morningstar. All rights reserved.