JPMorgan Income & Growth Investment Trust plc
JPMorgan Income & Growth Trust plc invests in a portfolio of approximately 60% UK equities and 40% global equities and bonds, with the aim of providing long-term capital growth for holders of capital shares, or an attractive income for holders of income shares.
About this trust
Investment objective and policies
The Company aims to provide the final capital entitlement of the Income shareholders and to provide them with a regular quarterly income as well as to provide capital growth for Capital shareholders. The Company’s assets are invested in a diversified portfolio, typically comprising 50 to 70 UK equities and a range of other assets.
- Principally invests in UK equities with a small portfolio of UK listed funds investing in global equities, and fixed income securities.
- Aims to achieve an attractive yield for income shareholders.
- Potential for leveraged capital returns for capital shareholders.
- Benefits from J.P. Morgan's expertise in responsible split-capital management.
The value of investments and the income from them can go down and up, and you may not get back as much as you paid in. Past performance is not a guide to the future.
For further risks associated with this trust please refer to the 'Risks' section below.
Points to consider
- Exchange rate changes may cause the value of underlying overseas investments to go down as well as up.
- This trust may invest in non investment grade bonds, which increases the capital risk and may have an adverse effect on the performance of funds which invest in them.
- Where permitted, a trust may invest in other investment trusts that utilise gearing (borrowing) which will exaggerate market movements both up and down.
- For income funds/shares - Dividend income is not guaranteed and will fluctuate.
- Investing in high yielding stocks may involve a higher degree of risk as high yields are not guaranteed and will fluctuate.
- This fund may use derivatives for investment purposes or for efficient portfolio management.
- Convertible bonds are subject to the risks associated with both debt and equity securities, and to risks specific to convertible securities. Investors should be prepared for greater volatility than straight bond investments, with an increased risk of capital loss, but with the potential of higher returns. Their value may change significantly depending on economic and interest rate conditions, the creditworthiness of the issuer, the performance of the underlying equity and general financial market conditions. In addition, issuers of convertible bonds may fail to meet payment obligations and their credit ratings may be downgraded. This is generally known as credit risk. Convertible bonds may also be subject to lower liquidity than the underlying equity securities.
- 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.
In their words (as of 31 Aug 2016)
Committee Terms Of Reference
Annual General Meeting
Reports and Accounts
- 2016 Half Year Report
- 2016 Annual Report
- 2015 Half Year Report
- 2015 Annual Report
- 2014 Half Year Report
- 2014 Annual Report
- 2013/14 Half Year Report
- 2013 Annual Report
- 2012 Half Year Report
- 2012 Annual Report
- 2011 Half Year Report
- 2011 Annual Report
- 2010 Half Year Report
- 2010 Annual Report
- 2009 Half Year Report
Find out more
You can get in touch by phone and email or view frequently asked questions.
Annual General Meeting 2017: details TBC