JPMorgan Natural Resources Accumulation Units
Also available as income units
Overview
| Initial charge | 4.25% |
|---|---|
| Initial saving | 4.25% |
| Annual charge | 1.50% |
| Annual saving | 0.250% ² |
| Performance charges | No |
| Total Expense Ratio | 1.68% |
| Launch date | 01-06-1965 |
| Launch price | £0.50 |
| Sector | Specialist |
| Fund size | £1,868 million |
| Number of holdings | 281 |
| Fund type | ICVC |
| Type of units | Accumulation |
Please read the simplified prospectus in addition to the information above.
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
So far in 2009 performance has been very strong, driven largely by the base metals and energy sectors. The base metal rally has been fuelled by demand from China, whereas Ian Henderson believes the oil price has been driven up by speculation rather than increased demand. The fund is roughly evenly split between base metals, energy and gold; the gold exposure should provide some shelter if the economic environment deteriorates in the short-term.
Full research
About the Fund Manager
Ian Henderson
Located in: London
Ian Henderson is a senior portfolio manager in the Global Portfolios Group, based in London, responsible for specialist mandates. An employee since 1991, he was previously responsible for international portfolios and investments in resource companies. Prior to joining the company Ian spent nine years as director and chief investment officer at Wardley Investment Services International Limited. Prior to this Ian served five years as international portfolio manager involved in business development in London and New York for Morgan Grenfell & Co. Ian began his career spending five years as an accountant with Peat Marwick Mitchell & Co. Ian holds an MA, LLB Scots Law and Politics from Edinburgh University. ACA and FCA.
Income details
| Running yield | N/a |
|---|---|
| Income paid | Annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 31 January 2010 |
|---|---|
| Payment date ³ | 30 April 2010 |
Top 10 holdings
| Rio Tinto | 2.56% |
|---|---|
| Freeport-McMoRan Copper & Gold | 2.33% |
| Petropavlovsk | 2.22% |
| Rio Tinto | 2.19% |
| First Quantum Minerals | 1.84% |
| Xstrata | 1.77% |
| Anglo American | 1.67% |
| Pacific Rubiales Energy | 1.55% |
| CNOOC | 1.37% |
| Petroleo Brasileiro S/A ADS | 1.31% |
Top 10 sectors
| Mining | 61.92% |
|---|---|
| Oil & Gas Producers | 16.39% |
| Industrial Metals & Mining | 13.75% |
| Non-Classified | 2.01% |
| Cash and Equiv. | 1.98% |
| Food Producers | 1.34% |
| Chemicals | 1.04% |
| General Retailers | 0.68% |
| Electronic & Electrical Equipment | 0.61% |
| Financial Services | 0.17% |
Top 10 countries
| Canada | 34.77% |
|---|---|
| United Kingdom | 19.22% |
| Australia | 18.09% |
| United States | 8.96% |
| China | 3.01% |
| Hong Kong | 2.81% |
| South Africa | 2.63% |
| Cash and Equiv. | 1.98% |
| Brazil | 1.31% |
| Ireland | 0.98% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 08-02-2010. Data accurate as at 31/12/2009.
