JPMorgan US Smaller Companies Investment Trust plc (JUSC) Ordinary 2.5p Shares

JPMorgan US Smaller Companies Investment Trust plc is a United Kingdom-based investment trust. The Company’s investment objective is to provide investors with capital growth by investing in United States smaller companies that have a sustainable financial competitive advantage. To achieve its investment objective, the Company invests in a diversified portfolio of listed United States equities. The Company can use borrowing to gear the portfolio within a range of 5% net cash to 15% of net assets. It invests in sectors, which include industrials, financials, consumer discretionary, technology, health care, basic materials, real estate, energy, utilities, consumer staples and telecommunications. The Company's alternative investment fund manager is JPMorgan Funds Limited (JPMF). JPMF delegates the management of the Company’s portfolio to JPMorgan Asset Management (UK) Limited (JPMAM).

To achieve long-term capital growth from investing in US micro-cap companies. A bottom-up approach will be taken and the Fund will target companies that have a sustainable competitive advantage, run by competent management teams who have a track record of success and are good stewards of capital; and to focus on owning equity stakes in businesses that trade at a discount to their intrinsic value.

• Ongoing charge0.92%
• Annual management charge -
• Performance feeNo

Management fee of 0.7% p.a.of Gross Assets. The investment management agreement is terminable by giving not less than notice period of 6 months.