JPMorgan Elect plc
JPMorgan Elect plc provides a simple, tax-efficient way for you to switch your focus between capital growth, income and capital protection. The Managed Growth share class aims for long-term capital growth from an internationally diversified equity portfolio.
About this trust
Investment Style: Growth & Income
Sector: Global & UK
Asset Class: Equity & Liquidity
JPMorgan Elect is an investment trust with a choice of investment options which you can shape to suit your needs. It's designed to give you the flexibility to manage your investment strategy throughout life. Using a choice of investment options, you can choose whether to focus on growing your capital or earning income – or combining both. You can control how much or how little you have in stock market-based investments. And you can switch between the three investment choices quarterly potentially without incurring a liability to UK capital gains tax. Tax benefits depend on individual circumstances and may change in the future.
Three investment choices
JPMorgan Elect plc offers three investment choices:
JPMorgan Elect is NOT a split capital investment trust. Each share class has rights over a discrete investment portfolio with its own assets and none of the share classes takes priority over the others.
JPMorgan Elect quarterly Conversion Dates
- 29 February
- 31 May
- 31 August
- 30 November
JPMorgan Elect offers quarterly Conversion Dates which allow you to convert between each share class without incurring a liability to capital gains tax. Managed Cash shareholders may also elect to have their shares repurchased by the Company on the quarterly Conversion Dates.
How do I convert?
|Security||Participant ID||Member ID|
Managed Growth to Income
Managed Growth to Cash
Managed Income to Growth
Managed Income to Cash
Managed Cash to Growth
Managed Cash to Income
Managed Cash Ord. Redemption
Conversion instructions must be received no later than 14 calendar days before a chosen conversion date. If you hold your shares through the J.P. Morgan Investment Account or ISA conversion instructions must be received no later than 21 calendar days before a chosen conversion date using the relevant conversion instruction form.
If you hold your shares in certificated form, there is a Conversion Notice printed on the reverse of your share certificate.
Three investment choices
JPM Elect plc offers three investment choices:
Shares and debentures (if any) in an investment trust are not subject to the Financial Conduct Authority's (FCA) restrictions for marketing Non-mainstream Pooled Investment products, therefore investment trust products can be marketed to retail investors directly or via Independent Financial Advisers.