Management
| ISIN | GB0004791389 |
|---|---|
| Share Class | Income |
| Ongoing Charge | 1.69626% |
| Annual Management Charge | 1.69% |
| Manager Company | Jupiter |
|---|---|
| Fund Type | Unit Trust |
| Benchmark | UK Equity Income |
| Domicile | GBR |
| For Sale in | United Kingdom |
| Name | Chris Morrison |
|---|---|
| Since | 02 April 2024 |
| Bio | Chris Morrison is an investment manager in the UK Equity Income team. Prior to joining Jupiter in January 2024, Chris was a fund manager at GAM since 2011. Between 2011 and 2017 he worked with Andrew Green managing the global and UK equity funds. In 2017, he launched a UK equity income strategy with Adrian Gosden. Between 2005 and 2011, Chris worked at Bank of Tokyo Mitsubishi UFJ Asset Management where he managed European equity portfolios. Chris studied Economics and Mathematics at University of Bristol. |
| Name | Adrian Gosden |
|---|---|
| Since | 02 April 2024 |
| Bio | Adrian Gosden is an investment manager in the UK Equity Income team. Prior to joining Jupiter in January 2024, Adrian was a fund manager at GAM since 2017. Prior to that he was at Artemis for 13 years, managing a £10bn UK income franchise. Before that he was a fund manager of UK equities at Société Générale Asset Management for four years. From 1996 to 1998, Adrian worked as an investment analyst at Fleming Investment Management, responsible for pharmaceutical and telecoms sector research. He started his career as a strategic consultant at Andersen Consulting. Adrian holds a first-class degree in chemistry from Oxford University. |
Objective The Fund objective is to provide income together with the prospect of capital growth, to achieve a return, net of fees, higher than that provided by the FTSE All Share Index, over the long term (at least five years). Policy At least 70% of the Fund is invested in shares of companies based in the UK (i.e. companies domiciled, headquartered or which conduct a majority of their business activity, in the UK). Up to 30% of the Fund may be invested in other assets, including shares of other companies based anywhere in the world, open-ended funds (including funds managed by Jupiter and its associates), cash and near cash. Strategy The fund manager will apply a disciplined, repeatable process to identify shares of companies which the manager considers to be undervalued and have an above average dividend yield (dividends are paid out each year by companies to their shareholders). Undervalued stocks are those companies whose worth is not believed to be properly reflected by the stock price. The Fund will tend to invest in a smaller number of companies where the manager has the highest conviction. Benchmarks Target benchmark - FTSE All Share Index The FTSE All Share Index is an industry standard index and is one of the leading representations of UK stock markets. It is easily accessible and provides a fair reflection of the Fund Manager's investment universe and a good relative measure to assess performance outcomes. Comparator benchmark - IA UK Equity Income Sector Many funds sold in the UK are grouped into sectors by the Investment Association (the trade body that represents UK investment managers), to help investors to compare funds with broadly similar characteristics. This Fund is classified in the IA UK Equity Income Sector. Active Management The Fund is actively managed. This means the fund manager is taking investment decisions with the intention of achieving the Fund's investment objective; this may include decisions regarding asset selection, regional allocation, sector views and overall level of exposure to the market. The fund manager is not in any way constrained by the benchmark in their portfolio positioning, and will not hold all, or indeed may not hold any, of the benchmark constituents. Any income arising in relation to this share class will be distributed to investors on a regular basis. Investors are able to buy and sell units during any business day between 9am and 5.30pm. If you tell us to buy or sell units before 12pm on any business day we will make the transaction on the same day. If you tell us to buy or sell units after 12pm we will make the transaction on the following business day. Recommendation This fund may not be suitable for investors who plan to withdraw their capital within 5 years.