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JPMorgan Smaller Companies Investment Trust Plc (JMI) ORD GBP0.05

Sell:260.00p Buy:261.00p 0 Change: 1.00p (0.38%)
Market closed Prices as at close on 6 December 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:260.00p
Buy:261.00p
Change: 1.00p (0.38%)
Market closed Prices as at close on 6 December 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:260.00p
Buy:261.00p
Change: 1.00p (0.38%)
Market closed Prices as at close on 6 December 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
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.

Objective

The Company aims to provide capital growth from investing in UK smaller companies by outperformance of the FTSE Small Cap Index. The company will predominantly invest in quoted UK small companies from the FTSE Small Cap Index, although where appropriate, it may invest in similar sized UK companies listed on the Alternative Investment Market which is the London Stock Exchange market for smaller, growing companies. The number of investments in the portfolio will normally range between 60 and 120. The Company seeks to manage its risk relative to its benchmark index by limiting the active portfolio exposure to stocks and sectors.
Sector Weight
Consumer Cyclical 31.13%
Technology 20.73%
Financial Services 14.43%
Industrials 13.38%
Basic Materials 9.38%
Real Estate 5.58%
Consumer Defensive 5.46%
Communication Services 3.79%
Energy 3.50%
Healthcare 0.41%
Country Weight
United Kingdom 104.96%
Canada 1.13%
Australia 0.95%
United States 0.78%
South Africa 0.44%
Germany 0.06%
Netherlands 0.05%
Sweden 0.03%

Fee Structure

Management fee of 0.75% p.a. on the first GBP 200m of gross assets 0.65% on gross assets in excess of GBP 200m. Contract terminable on notice period of 3 months.

Dividend Policy

As the policy of the Company is capital growth, dividends distributed are at a residual level, determined by the revenue generated by the portfolio, with no particular level of dividend commitment.

ASSET SPLIT

Total number of holdings: 94.

Trust Manager

Georgina Brittain

Manager Bio

Georgina Brittain, managing director, is a senior portfolio manager for small and mid cap funds within the J.P. Morgan Asset Management European Equity Group. She is the fund manager for the JPM Life UK Small Cap Fund, the JPM UK Smaller Companies Fund, the JPMorgan Smaller Companies Investment Trust and co-manager for the JPMorgan Mid Cap Investment Trust. She is also a co-manager for our range of European small cap funds. An employee since 1995, Georgina was previously an analyst in the UK research department. Georgina obtained an M.A. in Classics from Oxford University, and earned a Diploma in Law from City University, London. She is a qualified barrister.

Board Of Directors

Michael QuickeChairman, Andrew Robson, Andrew Impey, Frances Davies, Alice Ryder

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'.