Hargreaves Lansdown

JPMorgan Latin America Equity Inclusive - Class A - Accumulation (USD)

Sell: 1,700.72pBuy: 1,700.72p14.69p (0.86%)

Prices as at 22 October 2014

* Please note that there can be occasions when the Selling price shown may be temporarily higher than the Buying price. This can sometimes happen when the stock market is closed but it can also happen at other times for a variety of reasons. However, when the stock market is open and you place a trade, the selling price available to you will never be higher than the buying price. Live prices will be available when you place a deal with us during market hours. Please check these and contact us if you are unable to deal online.
Also available as income units Help

Charges and Savings

Fund manager's initial charge: 5.00%
HL saving on initial charge: 5.00%
HL dealing charge: Free
Net initial charge: 0.00%
Fund manager's annual charge: 1.50%
HL saving on annual charge (loyalty bonus): 0.65%
Net annual charge: 0.85%
 
Fund manager's other expenses: 0.4%
Performance fee: No  

Please read the Simplified Prospectus/Key Investor Information Document (KIID) in addition to the information above. Further details available in the HL guide to fund prices, savings and yields. Loyalty bonus is paid tax-free in an ISA or SIPP but may be subject to tax in a Fund & Share Account.

HRMC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held outside ISAs or SIPPs should be paid net of basic rate tax. We believe this is incorrect and are challenging HMRC's interpretation. However, in line with best client accounting practice and to save clients facing an unexpected bill in the future, we are currently paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC. Loyalty bonuses in the Vantage Fund & Share Accounts held by overseas investors, companies and charities will be paid without any deductions, as will loyalty bonuses in the Vantage ISA and Vantage SIPP which are exempt from tax.

Other Information

Unit type: Inclusive
Manager: Luis Carrillo
Fund launch date: 15 May 1992
Launch price: $10.00
Sector: Specialist
Fund size: $1,700 million
Number of holdings: 65
Fund type: SICAV
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: n/a
Trustee: J.P. Morgan Bank Luxembourg SA
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

Performance

22/10/09 to 22/10/10 22/10/10 to 22/10/11 22/10/11 to 22/10/12 22/10/12 to 22/10/13 22/10/13 to 22/10/14
Annual return 27.97% -16.25% 3.98% 0.17% -9.83%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth 150 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 150 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 150 funds are superior alternatives. View funds on the Wealth 150 »

Fund Objective

To provide long-term capital growth by investing primarily in Latin American companies.

Income Details

Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 15 September 2015
Payment date: 29 September 20154

All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Security Weight
Itau Unibanco Holding SA 7.63%
Banco Bradesco S.A. ADS, 5.65%
Petroleo Brasileiro S/A Ord 4.78%
Ambev S.A. ADS 4.47%
JPM US DOLLAR LIQ X (DIST) USD 2.86%
Credicorp 2.77%
America Movil S.A.B. de C.V. ADS 2.61%
Cemex S.A. de C.V. ADS 2.60%
Itausa-Investimentos Itau S/A Pref 2.51%
Banco do Brasil S/A Ord 2.41%
Sector Weight
Banks 23.30%
Financial Services 8.07%
Construction & Materials 7.98%
General Retailers 7.83%
Oil & Gas Producers 6.88%
Beverages 6.78%
Mobile Telecommunications 4.01%
Managed Funds 2.86%
Industrial Transportation 2.61%
Nonlife Insurance 2.38%
Country Weight
Brazil 60.13%
Mexico 21.66%
United States 6.57%
Managed Funds 2.86%
Direct Property and REITs 1.85%
Cash and Equiv. 1.72%
Spain 1.43%
Peru 1.21%
Chile 1.21%
Canada 0.79%

Fund Manager

Photo of Luis Carrillo

Key facts

Luis Carrillo
Manager start date 01/01/2003
Manager located in New York

Biography

Luis Carrillo is a portfolio manager responsible for Latin American equities and is also Head of Equity Research in the Global Emerging Markets Group and has specific research responsibility for the Mexican market. He joined the firm in 1998 and is based in New York. Previously, he was with several consulting firms where he offered strategic and financial advice concerning Latin America and Asia. Luis holds a B.S. degree in engineering and a graduate degree in industrial engineering from the Universidad Anahuac in Mexico. He holds a M.B.A. in finance from the Wharton School of the University of Pennsylvania.

You can buy or sell holdings in this fund through a NISA, SIPP or Fund & Share Account

Data received from the Fund Management Company administering this fund and provided to you for your information. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

Prices as at 22 October 2014. Data as at 31 August 2014.

Wealth 150 fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

Wealth 150+ fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

As investment returns depend on two factors - performance and charges - we have identified from the Wealth 150, the funds we believe offer the very best combination of outstanding performance potential and the best prices. These are the Wealth150+ funds. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.

Core Tracker fund

The Core Trackers list represents what we believe are the very best trackers in each of the main sectors. We analysed each fund's management, process and performance to find the best combination of quality and cost. We want to ensure that the fund has not only tracked its index closely in the past, but that it has the best potential to track well in the future. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.