JPMorgan Income & Capital Trust plc - Ordinary Shares - J.P. Morgan Asset Management
JPMorgan Income & Capital Trust plc


Explore income at a higher level

JPMorgan Income & Capital Trust plc invests predominantly in high yielding UK equities and investment grade corporate bonds, with the aim of producing a growing income with long-term capital growth for ordinary shareholders, and a strong redemption yield for zero dividend preference shareholders.

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About this trust



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Manager Commentary

Fund Managers

Board of Directors

  • Sir Laurence Magnus

  • Sian Hansen

  • Richard Hills

  • James West

  • Sarah MacAulay

In their words (as of )

The Company's share price and net asset value outperformed the benchmark in March. Positive contributors to performance included Berkeley Group, 888 Holdings and Card Factory. Berkeley Group, a London-focused luxury house builder, rose 12% after reporting strong results, defying expectations of a slowdown in London property following last year's referendum. 888 Holdings, the online gaming company, rose 15% as profit forecasts were revised up thanks to strong trading performance. Card Factory, a high street retailer of greetings cards, performed well as revenue growth was strong and the company committed to returning cash to shareholders via a special dividend. Conversely, Lloyds Banking Group, WPP and Rio Tinto detracted from relative returns. The share price of Lloyds pulled back a little following a period of sustained price appreciation. Advertising agency WPP fell on a weaker-than-expected near-term growth outlook. Mining group Rio Tinto fell as the recent rally in commodity prices stalled and investors began to fret that commodity-intensive infrastructure projects in the US may get delayed.


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AGM information

Annual General Meeting: 13 July 2017 12 noon, 60 Victoria Embankment, London EC4 0JP



Benchmark Source: FTSE International Limited ("FTSE") © FTSE 2017. "FTSE®" is a trade mark of London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
3 Gearing represents the excess amount above shareholders' funds of total investments (excluding liquidity fund holdings) expressed as a percentage of the shareholders' funds. If the amount calculated is negative, this is known as a "net cash" position.
6 The redemption yield or the annual percentage return on the current share price (from capital & income) from now until the wind up date assuming growth in total assets and dividends are the rates shown.
7 Non-Benchmark holdings (where held) are classified in the appropriate sector/region. Cash is net current assets and holdings used as cash substitutes if applicable.