JPMorgan Mid Cap Investment Trust plc

ISIN:GB0002357613 Bloomberg ticker:JMF LN

The JPMorgan Mid Cap Investment Trust plc provides a rare opportunity to invest in the more domestically focused medium-sized UK companies that make up the FTSE 250 Index. The trust seeks out growth and income opportunities with the aim of paying steady dividend payments.

  • Share price -p
  • NAV*-p
  • Premium*-
For information on charges relating to this trust please check Trust factsheet.
Source: J.P. Morgan Asset Management. Share Price updates every
15 minutes, current update as - on - .
* All other figures shown are as at close of business on 26/07/2016 using the cum income NAV per share with debt at fair value.

About this trust

  • Investment 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.

  • Fund facts

    • Total fund size: £226,283,687
    •  (as at 30/06/2016)
    • Benchmark: FTSE 250 Index (ex Inv Companies) (£)
    • Investment style: Growth
    • Sector: UK
  • Risk warnings

    The value of investments and the income from them can go down and up, and you may not get back as much as you paid in. Past performance is not a guide to the future.

    For further risks associated with this trust please refer to the 'Key risks' section below.

Performance

Cumulative performance of an original investment of £100.

  • 1 yr
  • 3 yr
  • 5 yr
 
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You should remember that past performance is not a guide to the future.
Source: J.P. Morgan Asset Management. Total return, net of charges and any applicable fees using cum income Net Asset Values (NAVs) debt at par with net dividend (if any) reinvested, in sterling. For detail see the Trust’s latest Report & Accounts.

Fund Managers

  • Georgina Brittain

    Georgina Brittain, managing director, is a senior portfolio manager for small and mid cap 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, the JPMorgan Smaller Companies Investment Trust and co-manager for the JPMorgan Mid Cap 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 Patel

    Katen Patel, vice president, is an assistant portfolio manager in the Europe Small/mid Cap team within the J.P. Morgan Asset Management European Equity Group. 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.

Important information

Key attributes
  • Focused on FTSE 250 stocks that deliver strong capital growth.
  • Strong record of dividend payment.
  • Managed by J.P. Morgan's highly respected European Equity Group.
  • Seeks out both value stocks and growth stocks to deliver performance throughout the market cycle.
Essential information

Shares and debentures (if any) in an investment trust are not subject to the Financial Conduct Authority's (FCA) restrictions for marketing Non-mainstream Pooled Investment products, therefore investment trust products can be marketed to retail investors directly or via Independent Financial Advisers.

Charges

For information on charges relating to this trust please check the Trust factsheet.

Key risks
  • Investments in smaller companies may involve a higher degree of risk as these are usually more sensitive to price movements.
  • External factors may cause an entire asset class to decline in value. Prices and values of all shares or all bonds could decline at the same time.
  • This trust may utlilise gearing (borrowing) which will exaggerate market movements both up and down.
Awards

Trust Awards Best Mainstream UK Equity Trust Trust Awards Best Mainstream UK Equity Trust Trust Awards Best UK Equity Trust Regular savings Rated logo MoneywiseTrust Awards

Annual and half year reports
Annual general meeting

Date: 27th October 2016
Time: 2:30 pm
Location: 60 Victoria Embankment, London EC4 OJP.

AGM Presentation 2015

Proxy Voting as at:

2 November 2015 - AGM

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