Asset Management Company of the
Year – Fundamental Strategies, Asia3)
JPMorgan Eastern Fund
February 2015
Unit Trust Range
•• The Fund invests primarily in the securities of companies in the Asia-Pacific region.
•• The Fund is therefore exposed to currency, emerging markets, liquidity and equity risks.
•• Investors may be subject to substantial losses.
•• Investors should not solely rely on this document to make any investment decision.
Investment objective
Portfolio information
Fund manager
Marc Franklin/Sonia Yu,
Hong Kong
Launch date
01.02.71
Total fund size (m) USD 273.2
500
400
400
300
300
200
200
100
100
0
0
03
04
05
06
07
08
09
10
11
12
13
1 year
3 years
5 years
Since launch
+7.1
+16.6
+28.8
+26,125.7
Calendar year performance % (in denominated currency)
SEDOL/ISIN code
B423B45/HK0000055639
Bloomberg code
JFAEASI HK
Statistical analysis
Since
3 years 5 years launch2)
Correlation
0.980.98
Alpha %
-0.14-0.25
Beta
1.051.11
-
Annual volatility %
12.5718.8727.72
Sharpe ratio
0.400.26
-
Annual tracking error %
2.804.11
-
Average annual return %
5.27 5.1913.49
For more information, please contact
your bank, financial adviser or visit
www.jpmorganam.com.hk
-100
+1.9
12 month High
NAV:Low
5.0% of NAV
0%
1.5% p.a.
(Since 01.01.15)
1 month
(acc) - USD Class
Benchmark CurrentInitial
charge:Redemption
Management fee
15
MSCI Asia ex Japan
Net Index1)
Cumulative performance % (in denominated currency)
Denominated currency and NAV per unit USD 285.95
USD 300.79 (29.07.14)
USD 258.28 (05.02.14)
14
JPMorgan Eastern
(acc) - USD
% CHANGE
REBASED
Performance from 31.12.02 to 30.01.15 (in denominated currency)
To provide long-term capital growth by investing primarily
in the securities of companies in the Asia-Pacific region,
excluding Japan and Australia, except the Manager may,
from time to time, invest in Japan and Australia when
appropriate investment opportunities arise.
1)
+2.5 +11.5 +21.9+45.2 -
2010 2011 2012 2013 20142015YTD
(acc) - USD Class
+18.9-22.2+21.4 +5.7 -1.4 +1.9
Benchmark1)
+19.4-14.8+21.9 +3.9 +3.2 +2.5
Portfolio analysis
By country/region
By sector
China
India
Korea
Taiwan
Hong Kong
Philippines
Thailand
Others
Singapore
Net Liquidity
4.4%
4.6%
5.0%
6.4%
7.8%
8.6%
8.9%
21.4%
33.7%
-0.6%
33.8%
15.5%
14.8%
12.4%
7.4%
4.8%
4.7%
4.3%
3.0%
-0.6%
Materials
Utilities
Telecommunication Services
Health Care
Consumer Discretionary
Others
Industrials
Information Technology
Financials
Net Liquidity
Top five holdings (as at end December 2014)
Holding
Sector
Country/region%
Samsung Electronics Co., Ltd.
Information Technology
Korea
5.5
JPMF - India Fund
Managed Funds
India
4.2
4.0
Taiwan Semiconductor Manufacturing Co., Ltd.
Information Technology
Taiwan
China Construction Bank Corporation
Financials
China3.5
Bank of China Limited
Financials
China3.2
Unless stated otherwise, all information as at the last valuation date of the previous month. Source: J.P. Morgan Asset Management/Thomson Reuters Datastream
(NAV to NAV in denominated currency with income reinvested). Source of star rating: Morningstar, Inc. Risk ratings (if any) are based on J.P. Morgan Asset
Management’s assessment of relative risk by asset class and historical volatility of the fund where applicable. The risk ratings are reviewed annually or as appropriate
and for reference only. Investors are advised to consult our Investment Advisers before investing. Any overweight in any investment holding exceeding the limit set
out in the Investment Restrictions was due to market movements and will be rectified shortly. Top ten holdings is available upon request. It should be noted that due
to the difference of the fund domiciles the valuation points used by Unit Trust range and SICAV range of funds for fair valuation (where applied) may vary. For details
please refer to the respective offering document(s). 1)Dividends reinvested after deduction of withholding tax. Prior to 01.01.99, MSCI AC Far East ex Japan Gross.
Prior to 01.01.15, MSCI AC Far East ex Japan Net. 2)With the exception of the “Average annual return” figure, all data are calculated from the month end after
inception. 3)Issued by the Asset Triple A Investor and Fund Management Awards 2014, reflecting performance of previous calendar year.
Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering
document(s) for details, including the risk factors.
This document has not been reviewed by the SFC. Issued by JPMorgan Funds (Asia) Limited.