JPMorgan US Smaller Companies Investment Trust plc - Ordinary Shares - J.P. Morgan Asset Management
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JPMorgan US Smaller Companies Investment Trust plc
(GB00BJL5F346)
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JPMORGAN US SMALLER COMPANIES INVESTMENT TRUST PLC

Bigger isn't always better

This trust uses the stock-picking credentials of our US based investment team to invest in well-run companies with attractive and sustainable profits from the potentially faster growing smaller companies segment of the US stock market.

Monthly Factsheet   Other trust documents  
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About this trust

Risks

Performance

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Fees

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Portfolio

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Manager Commentary

Fund Managers

Board of Directors

  • Davina Walter

  • Mark Ansell

  • Christopher Galleymore

  • Julia Le Blan

  • David Ross

  • Dr Shefaly Yogendra

In their words (as of )

The Company's share price and net asset value underperformed the benchmark in March. The biggest detractors from performance came from stock selection in the producer durables sector and an underweight in technology. US oil services company Patterson-UTI Energy emerged as the largest detractor at the stock level. Patterson underperformed due to general weakness in energy companies, with WTI crude oil falling over 10% as concerns about US production growth overshadowed cuts by the Organisation of the Petroleum Exporting Countries in the fourth quarter. We trimmed our positon and remain cautious of the overall volatile nature of the energy industry. In contrast, our stock selection in materials and sector overweight in consumer discretionary helped performance the most. The Toro Company, a leading designer of turf care equipment, was a top contributor to performance. Toro reported better-than-expected financial results and a positive outlook for end demand in 2017.

Documents

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Find out more

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

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AGM information

Annual General Meeting: 26 April 2017 2.30pm at 60 Victoria Embankment, London, EC4Y 0JP

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Disclaimer

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.
4 Due to the currently low net asset value and high gearing of the share class, the NAV performance numbers are extremely volatile and therefore none are disclosed. 4 Net asset value assumes that shares held in treasury (if any) have been re issued at the previous nights closing price.
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.