JPMorgan Funds - China Fund A (dist) - USD
Sub-fund of JPMorgan Funds (SICAV domiciled in Luxembourg)
Fund is the popular name for UCI (Undertaking for Collective Investment). A UCI is an undertaking that brings together several investors and invests their deposited money in various investment products, such as stocks, bonds, cash, etc., in order to spread the risk.
Before you proceed with investing, you must read and evaluate the KIID and prospectus. The KIID sets out the objectives, investment policy, risks and benefits, and costs and past performance of the fund.
Source NAV www.beama.be
KEY INFORMATION
LEGAL DOCUMENTS
PERFORMANCE
ANALYSIS

Fund Profile

Category: SICAV

INVESTMENT OBJECTIVE To provide long-term capital growth by investing primarily in companies of the People's Republic of China (PRC). Investment approach B Uses a fundamental, bottom-up stock selection process. B Uses a high conviction approach to finding the best investment ideas. B Seeks to identify high quality companies with superior and sustainable growth potential. Share Class Benchmark MSCI China 10/40 Index (Total Return Net) Benchmark uses and resemblance B Performance comparison. The Sub-Fund is actively managed. Though the majority of its holdings (excluding derivatives) are likely to be components of the benchmark, the Investment Manager has broad discretion to deviate from its securities, weightings and risk characteristics. The degree to which the Sub-Fund may resemble the composition and risk characteristics of the benchmark will vary over time and its performance may be meaningfully different. POLICIES Main investment exposure At least 67% of assets invested in equities of companies that are domiciled, or carrying out the main part of their economic activity, in the PRC. The Sub-Fund may invest up to 40% of its assets in China AShares: up to 20% directly through the China-Hong Kong Stock Connect Programmes, the RQFII and QFII quotas, and up to 20% indirectly by means of participation notes. The Sub-Fund may invest in small capitalisation companies and may be concentrated in a limited number of securities or sectors from time to time. Derivatives Used for: hedging; efficient portfolio management. Types: see Sub- Fund Derivatives Usage table under How the Sub-Funds Use Derivatives, Instruments and Techniques in the Prospectus. TRS including CFD: none. Global exposure calculation method: commitment. Currencies Sub-Fund Base Currency: USD. Currencies of asset denomination: any. Hedging approach: typically unhedged. Redemption and Dealing Shares of the Sub-Fund may be redeemed on demand, with dealing normally on a daily basis. Distribution Policy This Share Class normally pays an annual dividend in September based on reportable income. This Share Class intends to qualify as a reporting fund under UK tax law for offshore funds. For an explanation of some of the terms used in this document, please visit the glossary on our website at www.jpmorganassetmanagement.lu

Risk Profile
Significant risks that are not adequately reflected in the profile:

Liquidity risk
The fund may invest in securities that are not easily tradable on a stock exchange or similar market.
Derivatives risk
The fund can enter into derivative transactions. The increased profit opportunities that arise, could also involve greater risks of loss.
Currency risk
The fund can be adversely affected by exchange rate fluctuations.
Emerging market risk
The fund will be more volatile because these markets are typically smaller, less liquid and more sensitive to economic and political factors.
Volatility risk
The value of the fund may experience quite large daily upside or downside variations.
Concentration risk
The fund has a higher risk when investing in one country.
Chinese investment risk
Due to special regulation in China, this fund may experience difficulties or delays in enforcing the rights.

You will find all other risks associated with this fund in the prospectus.
Morningstar Rating
More information about the calculation of the Morningstar Ratings
Bronze
Bronze
Risk and reward profile
1
2
3
4
5
6
7
Lower Risk
Possible Lower
Returns
Higher Risk
Possible higher
Returns
Key Information
Closing Price 24/09/2021 102.96
Morningstar category China Equity
Currency USD
Distribution status Distributing
ISIN LU0051755006
Inception Date 04/07/1994
Maturity date Unlimited
Management strategy (vs benchmark) Active
Minimum initial amount 500.00 USD
Fees And Charges
Entry fee None
Tax on entry None
Custody fees None
Tax on returns
No
Tax on dividend 30%
Exit fee None
Tax on exit None
Ongoing charge 1.76% of which 0.53% is paid to MeDirect
Fund management company
Address JPMorgan Asset Management (Europe) S.à r.l. European Bank & Business Centre 6, route de Trèves Luxembourg L-2633 Luxembourg
Manager Name Howard Wang
Manager Start Date 20/09/2005
Website http://www.jpmorganassetmanagement.com
Total Net Assets (mil) 7,349.50 USD (31/08/2021)
UCITS Yes
Administrator JPMorgan Asset Management (Europe) S.à r.l.

Legal Documents

It is possible that this fund applies swing pricing. Please consult the prospectus for more information.
Should you have any complaints, you may contact Compliance Officer MeDirect, Keizerinlaan 66, 1000 Brussel or via [email protected] or Ombudsfin, Ombudsman for financial disputes, North Gate II, Koning Albert II – laan 8 bus 2, 1000 Brussel or via [email protected]

Performance

Historical returns returns and the evolution of the NAV are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Sales charges (like entry- and exit fees ) and taxes are not included in the calculation of past performance. Management fees, administrative fees and other costs taken out of the fund assets have been taken in to account, as they are already included in the NAV.
The performance in euro can be lower or higher due to the fluctuations in exchange and has already dropped in the past.
Annualised performance in USD
PeriodAnnualised returnDate
1 year5.96%24/09/2021
3 years20.13%24/09/2021
5 years16.64%24/09/2021
10 years12.13%24/09/2021
Since launch9.50%24/09/2021
Cumulative performance in USD
Performance
YTD 01/01/2021-16.77
1 month-6.29
3 months-19.44
6 months-13.16
Quarterly Returns
Q 1Q 2Q 3Q 4
2021-2.89%9.05%--
2020-6.53%26.27%15.43%24.37%
201923.78%-1.28%1.86%13.51%
20181.65%-2.34%-10.59%-13.40%
201713.30%10.95%12.23%12.78%
Dividend
Date ex dividendGross dividendPayment Date
09/09/20210.0127/09/2021
10/09/20200.0124/09/2020
05/09/20190.0919/09/2019
05/09/20180.0119/09/2018
12/09/20170.1028/09/2017
01/09/20160.7626/09/2016
16/09/20151.2130/09/2015
17/09/20140.0330/09/2014
13/09/20130.2930/09/2013
13/09/20120.1427/09/2012
02/09/20080.8118/09/2008

Analysis

Asset Allocation
% Long% Short% Net Assets
Stock97.79%0.00%97.79%
Bond2.19%0.00%2.19%
Cash11.49%11.49%0.00%
Other0.02%0.00%0.02%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
24.4624.1721.01
Sharpe Ratio
0.420.890.88
Sortino Ratio
0.621.401.41
Positive Months7.0025.0040.00
Negative Months5.0011.0020.00
Worst Month-14.01-14.01-14.01
World Regions
Region%
Asia - Emerging75.74
Latin America7.32
Europe - ex Euro6.03
Eurozone4.69
Asia - Developed4.01
Stock Sector Weighting
Sector% of Equity
Consumer Cyclical
24.90
Communication Services13.45
Financial Services9.78
Technology8.67
Consumer Defensive
6.42
Industrials4.50
Healthcare3.94
Real Estate3.61
Utilities2.24
Basic Materials1.89
Top 10 Holdings
HoldingSectorCountry% of Assets
Tencent Holdings Ltd Communication ServicesChina9.55
Alibaba Group Holding Ltd Ordinary Shares Consumer CyclicalChina6.83
Meituan Consumer CyclicalChina5.44
Wuxi Biologics Cayman Inc Common Stock Usd 0.00001 Cayman Islands3.67
China Merchants Bank Co Ltd Class H Financial ServicesChina2.98
Ping An Insurance (Group) Co. of China Ltd Class H Financial ServicesChina2.89
Chailease Holding Co Ltd Financial ServicesTaiwan2.37
Pinduoduo Inc ADR Consumer CyclicalChina2.36
ENN Energy Holdings Ltd UtilitiesChina2.24
NetEase Inc Ordinary Shares Communication ServicesChina2.07
It is possible that some UCI presented in the portfolio are not offered in Belgium, please verify with our client service
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
All key information and documents must be reviewed before being able to Invest.