Morningstar Fund Report  | 07/04/2025Print

JPMorgan Funds - Global Natural Resources Fund C (acc) - USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
JPMorgan Funds - Global Natural Resources Fund C (acc) - USD
Fund22.933.1-3.9-4.56.9
+/-Cat5.423.5-0.3-0.45.7
+/-B’mrk-4.53.13.02.33.0
 
Category: Sector Equity Natural Resources
Category Benchmark: Morningstar Gbl Upstm Nat R...
Key Stats
NAV
04/04/2025		 USD 11.71
Day Change -5.73%
Morningstar Category™ Sector Equity Natural Resources
ISIN LU0266512473
Fund Size (Mil)
04/04/2025		 EUR 647.46
Share Class Size (Mil)
04/04/2025		 USD 98.33
Max Initial Charge -
Ongoing Charge
18/07/2024		  1.00%
Morningstar Research
Analyst Report18/04/2024
Ramanand Kothari, Senior Analyst
Morningstar, Inc

JPM Natural Resources is run by a competent investment team and invests across the mining and energy spectrum using a benchmark-aware approach. The strategy's Morningstar Analyst Rating remains Neutral for all its share classes.Chris Korpan has...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People23
Parent24
Process23
Performance
Price
Investment Objective: JPMorgan Funds - Global Natural Resources Fund C (acc) - USD
To provide long-term capital growth by investing primarily in natural resources companies, globally.
Returns
Trailing Returns (GBP)04/04/2025
YTD-2.88
3 Years Annualised-3.28
5 Years Annualised14.57
10 Years Annualised7.29
12 Month Yield 0.00
Management
Manager Name
Start Date
Chris Korpan
01/02/2017
Veronika Lysogorskaya
31/03/2020
Inception Date
05/04/2007

Category Benchmark
Fund BenchmarkMorningstar Benchmark
S&P Global Mining & Energy TR EURMorningstar Gbl Upstm Nat Res NR USD
Portfolio Profile for  JPMorgan Funds - Global Natural Resources Fund C (acc) - USD28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.930.0098.93
Bond0.040.000.04
Property0.000.000.00
Cash3.162.131.03
Other0.000.000.00
Top 5 Regions%
United States41.65
Canada21.38
United Kingdom10.32
Australasia8.25
Eurozone4.78
Top 5 Sectors%
Energy53.22
Basic Materials46.78
Utilities0.00
Top 5 HoldingsSector%
Exxon Mobil CorpEnergyEnergy8.63
Rio Tinto PLC Registered SharesBasic MaterialsBasic Materials5.81
Shell PLCEnergyEnergy4.41
BHP Group LtdBasic MaterialsBasic Materials3.85
Agnico Eagle Mines LtdBasic MaterialsBasic Materials3.80
Increase Decrease New since last portfolio
JPMorgan Funds - Global Natural Resources Fund C (acc) - USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  JPMorgan Funds - Global Natural Resources Fund C (acc) - USD
Category:  Sector Equity Natural Resources
Category Index:  Morningstar Gbl Upstm Nat Res NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-9.3911.35-0.6322.9433.09-3.86-4.516.92
+/- Category5.83-1.83-12.405.3923.49-0.33-0.445.70
+/- Category Index-6.20-2.691.14-4.543.092.992.292.97
% Rank in Category136164409495519
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-5.73   -0.92-0.41
1 Week-9.77   -0.57-0.80
1 Month-3.54   2.911.94
3 Months-5.43   4.751.73
6 Months-11.30   3.611.50
YTD-2.88   4.562.48
1 Year-13.08   2.481.83
3 Years Annualised-3.28   3.771.94
5 Years Annualised14.57   1.162.03
10 Years Annualised7.29   1.120.25
 
Category: Sector Equity Natural Resources
Category Index: Morningstar Gbl Upstm Nat Res NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20256.92---
20242.780.41-3.24-4.37
2023-4.23-6.479.03-1.56
202229.36-9.613.4710.01
20219.946.35-2.047.34
2020-29.8525.67-2.0415.07
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAverage4 star
5-YearAbove AverageAverage4 star
10-YearAbove AverageAverage4 star
OverallAbove AverageAverage4 star
 
Category :  Sector Equity Natural ResourcesClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev17.48 %
3-Yr Mean Return1.85 %
 
3-Yr Sharpe Ratio-0.12
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Upstm Nat Res NR USD  Morningstar Gbl Upstm Nat Res NR USD
3-Yr Beta1.091.09
3-Yr Alpha2.962.96
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)EUR 49262-
Market Capitalisation% of Equity
Giant35.14
Large30.91
Medium29.65
Small3.45
Micro0.85
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings12.571.08
Price/Book1.911.19
Price/Sales1.181.03
Price/Cash Flow7.000.92
Dividend-Yield Factor4.001.40
 
Long-Term Projected Earnings Growth11.310.84
Historical Earnings Growth-6.600.50
Sales Growth6.791.80
Cash-Flow Growth-3.43-0.12
Book-Value Growth8.571.28
 
Category: Sector Equity Natural Resources
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.930.0098.93
Bond0.040.000.04
Property0.000.000.00
Cash3.162.131.03
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States41.651.44
Canada21.380.78
Latin America3.390.85
United Kingdom10.320.96
Eurozone4.781.16
Europe - ex Euro4.100.64
Europe - Emerging0.000.00
Africa4.231.31
Middle East0.000.00
Japan0.000.00
Australasia8.250.85
Asia - Developed0.000.00
Asia - Emerging1.910.83
 
Category: Sector Equity Natural Resources
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials46.780.67
UtilitiesUtilities0.000.00
EnergyEnergy53.222.75
 
Category: Sector Equity Natural Resources
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings58
Total Number of Bond Holdings0
Assets in Top 10 Holdings41.84
NameSectorCountry% of Assets
Exxon Mobil Corp309United States8.63
Rio Tinto PLC Registered Shares101United Kingdom5.81
Shell PLC309United Kingdom4.41
BHP Group Ltd101Australia3.85
Agnico Eagle Mines Ltd101Canada3.80
Wheaton Precious Metals Corp101Canada3.37
TotalEnergies SE309France3.17
EOG Resources Inc309United States2.99
Targa Resources Corp309United States2.93
Glencore PLC101Switzerland2.88
 
Increase Decrease New since last portfolio
Category: Sector Equity Natural Resources
 
Management
Name of CompanyJPMorgan Asset Management (Europe) S.à r.l.
Phone+352 34 101
Websitehttp://www.jpmorganassetmanagement.com
AddressEuropean Bank & Business Centre 6, route de Trèves
 Luxembourg   L-2633
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date05/04/2007
Fund Advisor(s)
JP Morgan Asset Management (UK) Ltd
Fund ManagerChris Korpan
Manager Start Date01/02/2017
Fund ManagerVeronika Lysogorskaya
Manager Start Date31/03/2020
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.80%
Ongoing Charge1.00%
Purchase Details
Minimum Investments
Initial10000000  USD
Additional1000  USD
Savings-
Tax Free Savings Schemes
ISAsYes