JPMorgan Income & Capital Trust plc - Units - J.P. Morgan Asset Management
CLOSE

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.

*

Monthly Factsheet   Other trust documents   How to buy this trust  

About this trust

Risks

Performance

Performance widget loading ...

Fees

Fees widget loading ...

Portfolio

Portfolio widget loading ...

Manager Commentary

Fund Managers

Board of Directors

  • Sir Laurence Magnus

  • Sian Hansen

  • Richard Hills

  • James West

  • Sarah MacAulay

In their words (as of 31 Jul 2017)

The company's net asset value outperformed the benchmark in July, while the share price underperformed. Key positive contributors included our positions in Novae Group, Rio Tinto and Persimmon. Novae Group is a Lloyd's insurance underwriter, which received a takeover offer at a 20% premium over its pre-bid price. Rio Tinto, an international mining company, benefited from a rise in the price of iron ore. Persimmon, which is one of the largest UK housebuilders, rose as trading continues to be strong, confounding fears of a slowdown.

Conversely, our holdings in Imperial Brands, GlaxoSmithKline and AstraZeneca detracted from returns. Imperial Brands, formerly known as Imperial Tobacco, fell as the United States of America Food and Drug Administration announced plans to pursue cutting nicotine in cigarettes to non-addictive levels. Meanwhile, pharmaceutical giant AstraZeneca was hit by unfavourable trial results for its next generation cancer drugs. In the same sector, GlaxoSmithKline performed poorly over what we consider misplaced concerns about future dividend payments.

Documents

Learn More

Find out more

For contact details and more information on our trust range use the following links:

Contact us   View our other investment trusts   Our investment trust awards  

AGM information

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

Investor Insights

Receive monthly articles, research and views from J.P. Morgan Asset Management.

Sign up by emailRead related articles   

Important information

This is a promotional page and as such the views contained herein are not to be taken as 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 on this page 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 at the date of publishing. They are considered to be reliable at the time of publishing, 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 is not a reliable indicator to 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. You should note that if you contact J.P. Morgan Asset Management by telephone those lines may be recorded and monitored for legal, security and training purposes. You should also take note that information and data from communications with you will be collected, stored and processed by J.P. Morgan Asset Management in accordance with the EMEA Privacy Policy which can be accessed through the following website www.jpmorgan.com/pages/privacy.

Investment is subject to documentation (Investor Disclosure Document, Key Features and Terms and Conditions), copies of which can be obtained free of charge from JPMorgan Asset Management Marketing Limited. Issued by JPMorgan Asset Management Marketing Limited which is authorised and regulated in the UK by the Financial Conduct Authority. Registered in England No: 288553. Registered address: 25 Bank St, Canary Wharf, London E14 5JP.

*FE Crown rating as at 01 August 2017.

FE Crown Fund Ratings © 2017 FE. All rights reserved.

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 license. 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.