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

  • Christopher Galleymore

  • Julia Le Blan

  • David Ross

  • Dr Shefaly Yogendra

In their words (as of )

The Company's net asset value outperformed the benchmark in April, while the share price underperformed. The healthcare and technology sectors contributed positively to performance, while stock selection in consumer discretionary detracted. Our exposure to technology name Grubhub was among the largest positive contributors. The web-based food ordering platform reported strong quarterly results, and the stock reacted strongly as weather was expected to dampen results. Exposure to healthcare name West Pharmaceutical Services proved beneficial. Shares rose against the backdrop of better-than-expected quarterly results and increased profit guidance. In contrast, our exposure to consumer discretionary name Brunswick, a manufacturer of recreation products such as boats, was a top detractor. While first-quarter results came in slightly disappointing, the marine demand environment seems to remain healthy. Exposure to Patterson-UTI Energy, a US oil service company, weighed on performance the most.

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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.