# Product Snapshot - JPMorgan Investment Funds - Global Macro Opportunities Fund

> Audience: country=gb, language=en, role=adv.
> Generated: 2026-11-15T21:01:13.863042224Z.

## Identity

- **Fund Name**: JPMorgan Investment Funds - Global Macro Opportunities Fund
- **Share Class Name**: JPM Global Macro Opportunities C2 (acc) - GBP (hedged)
- **Product Page**: [Product Page](https://am.jpmorgan.com/gb/en/asset-management/adv/products/jpm-global-macro-opportunities-c2-acc-gbp-hedged-lu3487841887)
- **ISIN**: LU3487841887
- **Fund Type**: SICAV
- **Asset Class**: Balanced

## OVERVIEW

### Investment objective

To achieve capital appreciation in excess of its cash benchmark by investing primarily in securities, globally, using derivatives where appropriate.



### Registered countries

- **Jersey**: 03/09/2026
- **Luxembourg**: 03/09/2026
- **Switzerland**: 03/09/2026
- **United Kingdom**: 03/09/2026


## Fund facts

- **Bloomberg**: JPGMOC2 LX
- **Reuters**: LU3487841887.LUF
- **ISIN**: LU3487841887
- **SEDOL**: BX3LRS7
- **Asset class**: Balanced
- **Region**: Global
- **Fund inception date**: 23/10/1998
- **Share class inception**: 11/09/2026
- **Fund currency**: EUR
- **Share class currency**: GBP
- **ESG Approach**: ESG Promote [Disclosure 1]
- **SFDR Classification**: Article 8 [Disclosure 2]

## Fund stats

- **NAV  As of 13/11/2026**: GBP 97.09 [Disclosure 3]
- **NAV change As of 13/11/2026**: GBP -0.05
- **NAV change (%) As of 13/11/2026**: -0.05%
- **Fund size As of 13/11/2026**: EUR 1.05 Bn

## Fees

### Fees

- **Initial charge**: 0.00%
- **Redemption charge**: 0.00%
- **Ongoing charge**: 0.61%
  - **Annual management fee (included in ongoing charge)**: 0.50%
  - **Operating & administrative expenses (included in ongoing charge)**: 0.11%


## Portfolio managers

### Josh Berelowitz

- **Biography**: [Biography](https://am.jpmorgan.com/gb/en/asset-management/adv/bios/josh-berelowitz/)
- **In the industry**: 15 YEARS
- **With J.P. Morgan**: 15 YEARS
- **Managing this fund**: 6 YEARS

### Jonathan Cummings

- **Biography**: [Biography](https://am.jpmorgan.com/gb/en/asset-management/adv/bios/jonathan-cummings/)
- **In the industry**: 21 YEARS
- **With J.P. Morgan**: 21 YEARS
- **Managing this fund**: 1 YEAR

### Yazann Romahi

- **Biography**: [Biography](https://am.jpmorgan.com/gb/en/asset-management/adv/bios/yazann-romahi/)
- **In the industry**: 27 YEARS
- **With J.P. Morgan**: 23 YEARS
- **Managing this fund**: 1 YEAR

### Michal Plotkowiak

- **Biography**: [Biography](https://am.jpmorgan.com/gb/en/asset-management/adv/bios/michal-plotkowiak/)
- **In the industry**: 16 YEARS
- **With J.P. Morgan**: 4 YEARS
- **Managing this fund**: 2 YEARS

## Ratings

### Morningstar Medalist Rating™

- **Morningstar Medalist Rating™**: Bronze
- **As of **: 31/10/2026
- **Analyst-Driven %: **: 100
- **Data Coverage %: **: 100


## Portfolio

### Current positioning

_As of 31/10/2026_

| Positioning | Current positioning |
| --- | ---: |
| Physical |
| Fixed Income | 45.1% |
| Equity | 30.8% |
| Cash/cash for margin | 18.8% |
| Gold | 5.1% |
| Derivatives |
| Equity futures | 7.6% |
| Equity options | -6.7% |
| Bond futures | -83.4% |
| Interest rate swap | 44.3% |
| Commodity futures | 22.4% |
 [Disclosure 4]

### Risk breakdown - Theme risk

_As of 31/10/2026_

| Theme risk | Risk breakdown - Theme risk |
| --- | ---: |
| Widespread technology adoption | 23.7% |
| Quant | 18.0% |
| US | 16.5% |
| Europe | 11.4% |
| China | 10.5% |
| Asia Pac ex China | 8.1% |
| EM opportunistic | 4.0% |
| Climate change response | 3.6% |
| Healthcare innovation | 2.4% |
| EM consumer demand | 1.8% |
| Total | 100.0% |
 [Disclosure 5]

### Risk breakdown - Regional risk

_As of 31/10/2026_

| Region | Risk breakdown - Regional risk |
| --- | ---: |
| North America | 27.6% |
| UK | 23.2% |
| Europe ex-UK | 15.8% |
| Asia Pac ex-Japan | 14.9% |
| Japan | 12.7% |
| Emerging Markets | 5.8% |
| Total | 100.0% |
 [Disclosure 5]

### Risk breakdown - Asset class risk

_As of 31/10/2026_

| Asset class | Risk breakdown - Asset class risk |
| --- | ---: |
| Equity | 58.0% |
| Commodities | 16.1% |
| Fixed income | 14.9% |
| Currency | 8.0% |
| Advanced derivatives | 3.0% |
| Total | 100.0% |
 [Disclosure 5]

### Portfolio characteristics

_As of 31/10/2026_

| Portfolio characteristics | Portfolio characteristics |
| --- | ---: |
| Fund volatility | 8.8% |
| Net equity exposure | 31.6% |
| Duration | -3.7 years |


## Documents

- [Factsheet](https://jp.techrules.com/rebrandingPDF/LoadPdf.aspx?ShareClassId=16350&country=GB&lang=EN&paramMIFID=YES)
- [JPMorgan Investment Funds - Global Macro Opportunities Fund - Commentary (A Acc share class)](https://am.jpmorgan.com/content/dam/jpm-am-aem/emea/regional/en/literature/commentary/jpm-global-macro-opportunities-fund-commentary-ce-en.pdf)
- [Key Investor Information Document](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=LU3487841887&docTypeCode=KIID&docLang=EN&docCountry=GB)
- [JPMorgan Investment Funds - Prospectus](https://am.jpmorgan.com/content/dam/jpm-am-aem/emea/regional/en/regulatory/prospectus/jpmorgan-investment-funds-prospectus-ce-en.pdf)
- [JPMorgan Investment Funds - Annual Report](https://am.jpmorgan.com/content/dam/jpm-am-aem/emea/regional/en/regulatory/annual-report/jpmorgan-investment-funds-annual-report-ce-en.pdf)
- [JPMorgan Investment Funds - Semi-Annual Report ](https://am.jpmorgan.com/content/dam/jpm-am-aem/emea/regional/en/regulatory/semi-annual-report/jpmorgan-investment-funds-semi-annual-report-ce-en.pdf)

## Disclosures

1. Promotes environmental and / or social characteristics.

2. "Article 8” strategies promote social and/or environmental characteristics, but do not have sustainable investing as a core objective. “Article 9” strategies have a sustainable investment objective.

3. Net Asset Value of a fund’s assets less its liabilities per Share.

4. Figures shown may not add up to 100 due to rounding.

5. Risk is the ex-ante standard deviation shown as a proportion of the total grouping ie: theme, region and asset class. Figures shown may not add up to 100 due to rounding.