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Jupiter Emerging & Frontier Income Inv Tst plc (JEFI) Ord

Sell:80.00p Buy:84.50p 0 Change: 0.50p (0.60%)
Market closed Prices as at close on 23 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:80.00p
Buy:84.50p
Change: 0.50p (0.60%)
Market closed Prices as at close on 23 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:80.00p
Buy:84.50p
Change: 0.50p (0.60%)
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.

Objective

To achieve capital growth and income, both over the long term, through investment predominantly in companies exposed directly or indirectly to Emerging Markets and Frontier Markets worldwide.
Security Weight
Taiwan Semiconductor Manufacturing Co Ltd 4.88%
NetEase Inc ADR 4.79%
Samsung Electronics Co Ltd Participating Preferred 4.77%
Corporacion Inmobiliaria Vesta SAB de CV 4.75%
Bizlink Holding Inc 4.00%
Hindustan Petroleum Corp Ltd 3.83%
Wilson Sons Ltd 3.83%
MediaTek Inc 3.80%
Chroma Ate Inc 3.77%
KCB Group Ltd 3.56%
Sector Weight
Technology 26.56%
Financial Services 19.25%
Real Estate 16.70%
Industrials 8.24%
Energy 7.28%
Communication Services 7.20%
Consumer Defensive 7.06%
Consumer Cyclical 6.54%
Basic Materials 5.52%
Healthcare 5.44%
Country Weight
Taiwan 21.67%
China 15.39%
Russia 9.39%
Mexico 8.84%
South Korea 7.35%
Brazil 5.66%
India 5.20%
Nigeria 4.79%
Pakistan 4.44%
United Kingdom 4.19%

Fee Structure

Management fee of 0.75% of the TA of the Company. Agreement is terminable by not less than 12 months notice.

Dividend Policy

The Company will target an annualised dividend yield of a minimum of 4% at launch (based on the Issue Price). Due to the flexibility afforded by the investment trust structure, the Company will have the scope to build a revenue reserve, potentially allowing for progressive dividend payments. It is intended that the Company will build up revenue reserves over time so as to enable the Board to smooth the level of future interim dividend payments where practicable. However, the Company will not (except to the extent permitted by those regulations) retain more than 15% of its income (as calculated for UK tax purposes) in respect of an accounting period. It is our intention to adopt a system of four approximately equal dividends annually, to be paid in January, April, July and October.

ASSET SPLIT

Total number of holdings: 52.

Trust Manager

Ross Teverson

Manager Bio

Ross joined Jupiter in 2014 as Head of Strategy, Global Emerging Markets. He has developed a strong reputation for managing Global Emerging Market equities, having managed Standard Life Investments Global Emerging Market Equity Unconstrained SICAV, which significantly outperformed the index under his management. Ross was an Investment Director at Standard Life Investments and he spent 7 years in the company’s Hong Kong office, where he managed an Asian Equity mandate and was member of the Board. Ross began his career in 1999 as an Investment Analyst for Standard Life Investments concentrating on Asia Pacific Equities and subsequently held the role of Investment Manager and Investment Director. Ross graduated with an MA in Geography from Oxford University and is also a full CFA Charterholder.

Board Of Directors

John ScottChairman, Nicholas Moakes, Mark Dampier, Audrey McNair
Mark Dampier is a Non-Executive Director of the Jupiter Emerging and Frontier Income Trust. He is also a Director of Hargreaves Lansdown Asset Management Ltd. Mr Dampier retains a personal interest in the Jupiter Emerging & Frontier Income Trust.

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'.