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.
New Fund Name: OMR Ninety One Global Income Opportunities
New Objective:
To provide income with the opportunity for capital growth (i.e. to grow the value of your investment) over at least 5 years.
The fund targets a return of UK Consumer Prices Index (CPI) +4% each year (before fees), over 5-year rolling periods. While the fund aims to achieve its objective and its performance target, there is no guarantee that either will be achieved, over 5-year rolling periods or over any period and there is a risk of loss.
Dealing will recommence for the valuation point of Thursday 23rd September 2021. Fund has been suspended to accommodate a share class conversion being carried out by FundRock Partners Limited on the underlying fund.
Dealing will recommence for the valuation point of Thursday 23rd September 2021. Fund has been suspended to accommodate a share class conversion being carried out by FundRock Partners Limited on the underlying fund.
Dealing will recommence for the valuation point of Thursday 23rd September 2021. Fund has been suspended to accommodate a share class conversion being carried out by FundRock Partners Limited on the underlying fund.
New name – OMR Jupiter Multi-Asset Income and Growth
New objective – To provide income and capital growth over the long term (at least five years).
The fund can invest in a wide range of assets, including shares of companies and fixed-interest debt securities. The fund may use derivative transactions for investment purposes. At least 25% of the fund will be i) issued by companies based in the UK or ii) sterling-denominated or hedged back to sterling.
New name – OMR Jupiter Multi-Asset Income
New objective – To provide regular income with the prospect of capital growth over the long term (at least five years).
At least 60% of the fund is invested in fixed interest securities (including collective investment schemes which themselves invest mainly (i.e. at least 50%) in fixed income securities), cash, near cash, money market instruments and deposits. The remainder of the fund will be invested in other assets, including shares of companies. The fund may use derivatives for investment purposes. At least 50% of the fund will be i) issued by companies based in the UK or ii) sterling-denominated or hedged back to sterling.
New name – OMR Jupiter Flexible Macro
New objective – To provide a positive total return, net of fees, higher than SONIA GBP independent of market conditions over a 3-year rolling period.
Capital invested in the fund is at risk and there is no guarantee that the investment objective will be achieved over the 3-year rolling periods or in respect of any other time period.
The fund can invest in a wide range of assets to achieve its investment objective, including shares of companies, fixed interest securities and entering into derivative transactions for investment purposes. The investment manager seeks to identify global investment themes and opportunities through a macro-economic driven investment process involving analysis of large-scale economic trends, including economic fundamentals (such as growth, inflation, manufacturing, industrial production and consumer spending), monetary and fiscal policy, and market sentiment.
