JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund change
The Investment Management Charges (IMC) on the replacement funds are all lower than what you were previously paying. This means you will be paying a lower charge in the future.
Closing fund objective:
The JPMorgan Life Moderate Fund (the “Fund”) is a pooled life fund for pension schemes investing primarily in global equities and bonds, normally through other JPM Life funds. The Fund may also hold derivatives. The Fund seeks to achieve excess return through fund selection, country allocation, asset allocation, and currency exposure. The Fund is well diversified and under normal circumstances, is fully invested, with cash holdings kept to a minimum.
Closing fund IMC: 0.30%
Replacement fund: Man Balanced Managed Retail Acc A
Replacement fund objective:
The investment objective of the Fund is to provide capital growth over the long term (over 5 year rolling periods). In order to achieve the Fund’s objective, the Fund invests at least 70% of its assets in other investment funds which are operated, managed or advised by the ACD or any of its associates.
Replacement fund IMC: 0.30%
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund changes
The Annual Management Charge (AMC) is included in the total charge you pay, so there will be no change to the charges you pay.
Closing fund objective:
The JPMorgan Life US Equity Fund (the ‘Fund’) is a pooled life fund for pension schemes investing primarily in US equities, either directly or through other funds. The Fund seeks to achieve excess return through stock selection. Normally the Fund only invests in equities issued by companies that are listed, and primarily traded, in the USA. The Fund is well diversified and under normal circumstances, is fully invested, with cash holdings kept to a minimum. Target excess return over a full market cycle: 35 years: 2% per annum (gross of fees). Target tracking error: Long-term average of 3%-6%.
Replacement fund: North American Equity Index Tracker
Replacement fund objective:
This fund primarily invests in a portfolio of European equities, excluding the UK, and aims to provide long-term capital growth. Volatility should be expected because of the type of investment.
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund change
The Annual Management Charge (AMC) is included in the total charge you pay, so there will be no change to the charges you pay.
Closing fund objective:
The JPMorgan Life All Emerging Markets Equity Fund (the ‘Fund’) is a pooled life fund for pension schemes investing primarily in emerging markets equities and may have exposure to smaller companies on an ancillary basis, either directly or through other funds. The Fund is well diversified and under normal circumstances, is fully invested, with cash holdings kept to a minimum. Normally the Fund only invests in the JPM Emerging Markets Fund, a UK authorised open-ended investment company. Target excess return over 3 years: 3% per annum (gross of fees). Target tracking error: Long-term average of 4%+.
Replacement fund: JPM Emerging Markets Fund
Replacement fund objective:
To provide long term capital growth by investing primarily in equity securities of emerging markets companies.
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund change
The Annual Management Charge (AMC) is included in the total charge you pay, so there will be no change to the charges you pay.
Closing fund objective:
The JPM Life UK Specialist Equity fund aims to achieve capital growth by investing in the shares of UK companies. Its target is to outperform index that represents UK companies on the London Stock Exchange by 2% a year over 3 years before fees are taken into account. The fund looks to spread investment risk by investing in a wide range of UK companies in different sectors of the market. The investment team focuses on stocks that have specific growth value characteristics as experience has shown that holding both growth and value stocks in a portfolio can lead to more consistent out performance over the longer term.
Replacement fund: JPMorgan Fund ICVC – JPM Equity Core Fund
Replacement fund objective:
To provide capital growth and outperform the FTSE™ All-Share Index (Net)over the long-term, after fees, by investing at least 80% of the Fund’s assets in a portfolio of UK companies
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund change
The Annual Management Charge (AMC) is included in the total charge you pay, so there will be no change to the charges you pay.
Closing fund objective:
The JPMorgan Life Diversified Growth Fund is a pooled life fund for pension schemes. The Fund aims to maximise long-term capital growth for clients by investing directly in a diversified mix of asset classes including global equities, property, absolute return funds, high yield bonds, private equity and commodities. The Fund may also hold derivatives. The Fund is well diversified and, under normal circumstances, is fully invested, with cash holdings kept to a minimum.
Replacement fund: JPM Fund III ICVC – JPM Diversified Growth Fund
Replacement fund objective:
The Fund aims to provide long term capital growth by investing in a diversified mix of asset classes. As a result of its diversified portfolio the Fund is expected to have a lower level of volatility than equity markets as represented by the MSCI World Index. The Fund may invest either directly or via collective investment schemes, which may be managed by the Investment Adviser or any other member of JPMorgan Chase & co., in a broad range of assets including, but not limited to, global equities, fixed income (including high yield and emerging market debt), alternatives (including private equity and property) and cash and cash equivalents. The Fund may have exposure to Emerging Markets and smaller companies.
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund change
The Investment Management Charges (IMC) on the replacement funds are all lower than what you were previously paying. This means you will be paying a lower charge in the future.
Closing fund objective:
The JPM Life UK Specialist Equity fund aims to achieve
capital growth by investing in the shares of UK companies. Its target is to outperform index that represents UK companies on the London Stock Exchange by 2% a year over 3 years before fees are taken into account. The fund looks to spread investment risk by investing in a wide range of UK companies in different sectors of the market. The investment team focuses on stocks that have specific growth value characteristics as experience has shown that holding both growth and value stocks in a portfolio can lead to more consistent out performance over the longer term.
Closing fund IMC: 0.30%
Replacement fund: JPMorgan Fund ICVC – JPM Equity Core Fund
Replacement fund objective:
To provide capital growth and outperform the FTSE™ All-Share Index (Net)over the long-term, after fees, by investing at least 80% of the Fund’s assets in a portfolio of UK companies.
Replacement fund IMC: 0.24%
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund changes
The Annual Management Charge (AMC) is included in the total charge you pay, so there will be no change to the charges you pay.
Closing fund objective:
The JPMorgan Life Global Dynamic Fund (the ‘Fund’) is a pooled life fund for pension schemes investing primarily in global equities. The Fund seeks to achieve excess return through style analysis and stock selection. The Fund is well diversified, typically holding 200300 stock positions and under normal circumstances, is fully invested. Target excess return over 3 years: 3% per annum (gross of fees). Target tracking error: Long-term average of 4%-7%.
Replacement fund: Global Equity
Replacement fund objective:
This Fund aims to offer investors the opportunity to grow their money by investing in the world’s major stock markets. This Fund seeks to invest in a wide range of companies from around the world using an investment process called MERIT (Multi-Factor Enhanced Return Investment Technique). This investment process seeks to invest in a wide range of companies that combine both attractive valuations and positive corporate earnings and price momentum signals. This process involves assessing a number of financial measures for each company to identify which companies look cheap (or undervalued) relative to their peer companies.
Investments in company shares (also known as equities) generally carry a higher investment (or capital) risk than cash, fixed interest or property investments.
Default Alternative Fund: QI US Equity Growth
Default Alternative Fund: Jupiter UK Alpha
Default Alternative Fund: Jupiter UK Mid Cap
