JPMorgan US Smaller Companies Investment Trust plc

ISIN:GB00BJL5F346 Bloomberg ticker:JUSC LN

JPMorgan US Smaller Companies Investment Trust plc uses the stock-picking credentials of our US based investment team to invest in well-run companies with attractive and sustainable profits from the potentially faster growing smaller companies segment of the US stock market.

  • 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 25/07/2016 using the cum income NAV per share with debt at fair value.

About this trust

  • Investment objective

    • The Company aims to provide investors with capital growth by investing in US smaller companies that have a sustainable competitive advantage and to focus on owning equity stakes in businesses that trade at a discount to their intrinsic value, with strong management teams. The company has the ability to use borrowing to gear the portfolio to up to 15% of net assets where appropriate.

  • Fund facts

    • Total fund size: £136,832,592
    •  (as at 30/06/2016)
    • Benchmark: The Russell 2000 Index (£)
    • Investment style: Growth
    • Sector: US
  • 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

  • Don San Jose

    Don San Jose is a portfolio manager with the U.S. Small Cap Equity Group and aids in the daily management of the JPMorgan Small Cap Active Core Strategy. An employee since 2000, Don was an analyst in JPMorgan Securities' equity research department covering capital goods companies before joining the small cap group. Prior to joining the firm, he was an equity research associate at ING Baring Furman Selz. Don holds a B.S. in finance from The Wharton School of the University of Pennsylvania and is a member of both the New York Society of Security Analysts and The CFA Institute. He is a CFA charterholder.

  • Dan Percella

    Dan Percella, executive director, is an analyst on the Small Cap Active Core Team. An employee since 2008, Dan was previously a member of Institutional Investor-ranked equity research teams covering the transportation sector at Bear Stearns, Bank of America and Citigroup. Dan holds a B.S. in economics from Georgetown University’s Walsh School of Foreign Service and is a member of both the New York Society of Security Analysts and The CFA Institute. He is also a CFA charterholder.

Important information

Key attributes
  • The portfolio is a product of the investment team's fundamental research investment approach and disciplined portfolio construction.
  • Aims to invest in companies that have a sustainable competitive advantage and are run by competent management teams who have a record of success and are good stewards of capital.
  • Focuses on owning companies that are trading at discount to their valuation.
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 retails investors directly or via independent financial advisers.

Charges

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

Key risks
  • Exchange rate changes may cause the value of underlying overseas investments to go down as well as up.
  • 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

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Annual and half year reports
Annual general meeting

Date: April 2017 (Date TBC)
Time: 2:30 pm
Location: 60 Victoria Embankment, London EC4 OJP.

AGM Presentation 2016

Proxy Voting as at:

25 April 2016 - AGM

29 April 2015 - AGM

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