JPMORGAN GLOBAL GROWTH & INCOME PLC

A distinctive strategy for today's markets

The JPMorgan Global Growth & Income plc seeks out strong long-term returns by investing in a best ideas, high-conviction portfolio from across the world's stock market. The Company also delivers predictable quarterly income distributions which are set at the beginning of its financial year. This financial year the Company has committed to pay 4%.

Monthly Factsheet Other trust documents How to buy this trust

Why invest Globally?

Frances Gerhold, Client Portfolio Manager, discusses the opportunities and challenges of investing in a global market.

Some of the themes discussed include:

What investing globally means for investors
Why being selective about stock choices makes a difference when investing globally
How do you get both income and growth?

Monthly Factsheet Annual Report Learn more about investing Globally

About this trust

Investment objective and policies

To provide total returns and outperform the MSCI All Country World Index over the long-term by investing in companies based around the world. The Company makes quarterly dividends, that are set at the beginning of each financial year, targeting at least 4% at the time of the announcement over the year. The manager is focused on building a high conviction portfolio of typically 50 - 90 stocks, drawing on an investment process underpinned by fundamental research. Portfolio construction is driven by bottom-up stock selection rather than geographical or sector allocation. Currency exposure is predominantly hedged back towards the benchmark. The Company uses borrowing to gear the portfolio within a range of 5% cash to 20 geared under normal market conditions. The Company will issue shares from Treasury at a premium to NAV and will buyback shares into Treasury with the aim of keeping the discount to NAV around 5%. In both cases NAV is calculated with debt at par value.

Why invest in this trust

The JPMorgan Global Growth & Income plc seeks out strong long-term returns by focusing only on companies that our experienced analyst team believe are about to experience a dramatic and lasting boost to their profitability.

Risks

Points to consider

Exchange rate changes may cause the value of underlying overseas investments to go down as well as up.
Investments in emerging markets may involve a higher element of risk due to political and economic instability and underdeveloped markets and systems. Shares may also be traded less frequently than those on established markets. This means that there may be difficulty in both buying and selling shares and individual share prices may be subject to short-term price fluctuations.
Where permitted, a trust may invest in other investment trusts that utilise gearing (borrowing) which will exaggerate market movements both up and down.
This fund may use derivatives for investment purposes or for efficient portfolio management.
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.
This trust may also invest in smaller companies which may increase its risk profile.

Performance

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Fees

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Portfolio

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Manager Commentary

Fund Managers

Jeroen Huysinga
Fund Manager
Timothy Woodhouse
Fund Manager

Board of Directors

Nigel Wightman
Jonathan Carey
Gay Collins

Tristan Hillgarth

In their words (as of 28 Feb 2018)

The trust underperformed its benchmark, the MSCI World All Country Index, in February. Underperformance was driven by stock selection in sectors such as media and telecoms. Contributors included the banks, energy and consumer nondurables sectors. US satellite broadcast network DISH Network detracted from returns as it reported mixed results, with better-than-expected subscription numbers offset by worse-than-expected earnings. DBS Holdings, the Singapore-based bank, contributed to returns as it presented a positive outlook for 2018, with double-digit revenue growth expected. At the regional level, stock selection in Asia Pacific ex Japan was positive whilst stock selection in North America and the UK was the leading detractor. As we move further into 2018, we continue to expect a synchronised global recovery in economic growth and earnings.

Documents

Trust Information

Committee Terms Of Reference

Research

Edison Investment Research

This Investment Trust has been reviewed by a third party agency. Contents of the external links have been prepared by third parties and do not necessarily represent the views of J.P. Morgan Asset Management. These third parties may receive a fee by the Board of Directors of this Investment Trust. J.P. Morgan Asset Management does not endorse or attest to completeness and accuracy of these contents. Reliance upon these contents is at the sole discretion of the reader.

Annual General Meeting and General / Class Meeting

Regulatory Documents

Before investing, please ensure you have read the below documents.

Reports and Accounts

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Important information

This is a marketing communication and as such the views contained herein are not to be taken as an advice or recommendation to buy or sell any investment or interest thereto. Reliance upon information in this material is at the sole discretion of the reader. Any research in this document has been obtained and may have been acted upon by J.P. Morgan Asset Management for its own purpose. The results of such research are being made available as additional information and do not necessarily reflect the views of J.P. Morgan Asset Management. Any forecasts, figures, opinions, statements of financial market trends or investment techniques and strategies expressed are unless otherwise stated, J.P. Morgan Asset Management’s own at the date of this document. They are considered to be reliable at the time of writing, may not necessarily be all inclusive and are not guaranteed as to accuracy. They may be subject to change without reference or notification to you. It should be noted that the value of investments and the income from them may fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested. Changes in exchange rates may have an adverse effect on the value, price or income of the products or underlying overseas investments. Past performance and yield are not reliable indicators of current and future results. There is no guarantee that any forecast made will come to pass. Furthermore, whilst it is the intention to achieve the investment objective of the investment products, there can be no assurance that those objectives will be met. J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. To the extent permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our legal and regulatory obligations and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our EMEA Privacy Policy www.jpmorgan.com/emea-privacy-policy.

Investment is subject to documentation. The Investor Disclosure Document, and Key Features / Terms & Conditions can be obtained free of charge from JPMorgan Asset Management (UK) Limited, and the Key Information Document can be obtained from JPMorgan Funds Limited or www.jpmam.co.uk/investmenttrust. This communication is issued by JPMorgan Asset Management (UK) Limited, which is authorised and regulated in the UK by the Financial Conduct Authority. Registered in England No: 01161446. Registered address: 25 Bank Street, Canary Wharf, London E14 5JP.

*Morningstar Analyst rating and FE Crown rating, as at 01 April 2018.

Source: Morningstar (www.morningstar.co.uk)