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JPMorgan Elect Plc (JPEI) Managed Income Shares 0.003p

Sell:81.00p Buy:84.00p 0 Change: 1.50p (1.85%)
Market closed Prices as at close on 23 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:81.00p
Buy:84.00p
Change: 1.50p (1.85%)
Market closed Prices as at close on 23 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:81.00p
Buy:84.00p
Change: 1.50p (1.85%)
Market closed Prices as at close on 23 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

HL comment

See our latest research on this Investment Trust

Objective

The objective of the Managed Income portfolio is to achieve a growing income return with potential for long term capital growth by investing in equities, investment companies and fixed income securities. In order to achieve its stated investment policy and to seek to manage investment risks, the Managed Income portfolio is invested in a diversified portfolio of UK equities (including investment companies), fixed income securities and open-ended funds. The number of investments in the portfolio will normally range between 50 and 80.
Sector Weight
Financial Services 20.17%
Consumer Defensive 16.00%
Consumer Cyclical 15.27%
Basic Materials 11.85%
Healthcare 11.10%
Energy 8.66%
Industrials 7.46%
Technology 5.56%
Communication Services 5.21%
Utilities 2.22%
Country Weight
United Kingdom 101.56%
Russia 1.80%
Poland 0.42%
Singapore 0.24%
Canada 0.04%
Australia 0.03%
Austria 0.03%
Denmark 0.01%
Netherlands 0.01%
Germany 0.01%

Fee Structure

There is no management fee on assets invested in JPMorgan managed funds. The management fee is 0.6% p.a. on assets invested in non-JPMorgan managed funds and direct investments. Investments in JPMorgan retail open-ended pooled funds qualify for a partial rebate of the underlying fee.

Dividend Policy

Dividends are paid quarterly in March, June, September, and December of each financial year. The Company will distribute substantially the whole of its net income each year.

ASSET SPLIT

Total number of holdings: 70.

Trust Manager

John Baker

Manager Bio

John Baker has been employed by JPMIM or its affiliates (or one of their predecessors) since 1994, as an assistant on the UK retail funds desk, now integrated into the European Equity Group. John obtained a BA from University College Cork, Ireland. He is an Associate of the Institute of Investment Management & Research.

Board Of Directors

Alan HodsonChairman, Steven Bates, Davina Walter, Karl Sternberg, James Robinson, Carla Stent, Rupert Dickinson

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.