JPMorgan Smaller Companies Investment Trust plc

ISIN:GB0007416000 Bloomberg ticker:JMI LN

JPMorgan Smaller Companies Investment Trust plc aims to give investors access to the fast growing, innovative smaller companies that help drive the UK domestic economy. The trust is managed by a team dedicated to finding the most attractive high quality UK-listed smaller companies.

  • 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 on26/08/2016 using the cum income NAV per share with debt at fair value.

About this trust

  • Investment objective

    • Aims to provide capital growth from investing in UK smaller companies by outperformance of the FTSE Small Cap Index. The company will predominantly invest in quoted UK small companies from the FTSE Small Cap Index, although where appropriate, it may invest in similar sized UK companies listed 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 10% net cash to 15% geared in normal market conditions.

  • Fund facts

    • Total fund size: £179,642,987
    •  (as at 31/07/2016)
    • Benchmark: FTSE Small Cap (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
  • Distinctive investment process that focuses on stock characteristics.
  • Can include fledgeling and AIM stocks to boost returns.
  • Managed by dedicated smaller company experts in JPMorgan's highly-respected European Equity Group.
  • Tight controls to manage the risks of smaller company investing.
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.

Subscription shares

On 25 February 2015, JPMorgan Smaller Companies Investment Trust plc issued Subscription Shares to Qualifying Shareholders on the basis of one Subscription Share for every five Ordinary Shares held.

Holders of JPMorgan Smaller Companies Investment Trust plc Subscription Shares can choose to convert their Subscription Shares on the last day of each month commencing on 31 March 2015 and finishing on 30 June 2017.

Find out more about these Subscription Shares and how to convert them

Key risks
  • Investments in smaller companies may involve a higher degree of risk as these are usually more sensitive to price movements.
  • Where permitted, a trust may invest in other investment trusts that utilise gearing (borrowing) which will exaggerate market movements both up and down.
  • 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.
Annual and half year reports
Annual general meeting

Date: 29th November 2016
Time: 3:00 pm
Location: TBC

AGM Presentation 2015

Proxy Voting as at:

23 November 2015 - GM

23 February 2015 - GM

28 November 2014 - AGM

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