Morningstar Fund Report  | 07/04/2025Print

Jupiter UK Income Fund I Inc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Jupiter UK Income Fund I Inc
Fund19.46.38.412.74.3
+/-Cat1.69.71.64.63.4
+/-B’mrk--0.72.8-0.9
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
07/04/2025		 GBX 568.30
Day Change -4.24%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK Equity Income
ISIN GB00B6QR2553
Fund Size (Mil)
28/02/2025		 GBP 1358.85
Share Class Size (Mil)
04/04/2025		 GBP 252.74
Max Initial Charge -
Ongoing Charge
20/03/2025		  0.95%
Morningstar Research
Analyst Report26/02/2025
Henry Ince, Analyst
Morningstar, Inc

Jupiter Income Trust features an experienced manager applying his approach in a disciplined and consistent fashion. Despite no changes being made on our conviction in the People and Process Pillars, the downgrade of the Parent rating to Average...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process24
Performance
Price
Investment Objective: Jupiter UK Income Fund I Inc
To provide income together with the prospect of capital growth, to achieve a return, net of fees, higher than that provided by the FTSE All Share Index, over the long term (at least five years). At least 70% of the Fund is invested in shares of companies based in the UK (i.e. companies domiciled, headquartered or which conduct a majority of their business activity, in the UK). Up to 30% of the Fund may be invested in other assets, including shares of other companies based anywhere in the world, open-ended funds (including funds managed by Jupiter and its associates), cash and near cash.
Returns
Trailing Returns (GBP)07/04/2025
YTD-4.33
3 Years Annualised6.37
5 Years Annualised11.58
10 Years Annualised4.70
12 Month Yield 4.99
Dividend Paying Frequency Half-yearly
Management
Manager Name
Start Date
Chris Morrison
02/04/2024
Adrian Gosden
02/04/2024
Inception Date
19/09/2011

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  Jupiter UK Income Fund I Inc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.280.0099.28
Bond0.000.000.00
Property0.000.000.00
Cash1.370.640.72
Other0.000.000.00
Top 5 Regions%
United Kingdom95.36
United States3.21
Europe - ex Euro1.43
Canada0.00
Latin America0.00
Top 5 Sectors%
Financial Services25.59
Healthcare14.03
Consumer Defensive13.34
Energy9.08
Utilities9.07
Top 5 HoldingsSector%
Imperial Brands PLCConsumer DefensiveConsumer Defensive6.34
GSK PLCHealthcareHealthcare5.74
British American Tobacco PLCConsumer DefensiveConsumer Defensive5.36
BP PLCEnergyEnergy5.29
HSBC Holdings PLCFinancial ServicesFinancial Services4.09
Increase Decrease New since last portfolio
Jupiter UK Income Fund I Inc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Jupiter UK Income Fund I Inc
Category:  UK Equity Income
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-7.6612.69-17.9819.426.298.3512.674.31
+/- Category2.90-6.25-5.421.619.731.594.593.44
+/- Category Index-----0.732.85-0.85
% Rank in Category2087903011391116
Trailing Returns (GBP)07/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-4.24   -0.410.69
1 Week-8.28   -2.17-1.34
1 Month-7.86   -1.39-0.46
3 Months-4.49   -0.09-2.82
6 Months-2.86   1.64-1.17
YTD-4.33   -0.42-3.16
1 Year5.44   4.220.76
3 Years Annualised6.37   3.461.24
5 Years Annualised11.58   1.08-0.17
10 Years Annualised4.70   0.54-0.61
 
Category: UK Equity Income
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20254.31---
20242.944.683.491.04
20235.45-3.313.732.45
20223.78-0.46-5.639.03
202112.964.09-0.902.49
2020-30.447.76-6.2516.71
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAverage5 star
5-YearAbove AverageAverage5 star
10-YearAbove AverageAverage4 star
Overall*Above AverageAverage5 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev12.12 %
3-Yr Mean Return10.03 %
 
3-Yr Sharpe Ratio0.46
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  Morningstar UK All Cap TME NR GBP
3-Yr Beta0.980.98
3-Yr Alpha1.741.74
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 12403-
Market Capitalisation% of Equity
Giant24.73
Large29.13
Medium29.63
Small13.48
Micro3.03
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings9.850.85
Price/Book1.300.80
Price/Sales0.630.81
Price/Cash Flow5.440.74
Dividend-Yield Factor5.691.29
 
Long-Term Projected Earnings Growth8.190.91
Historical Earnings Growth-11.252.34
Sales Growth4.460.88
Cash-Flow Growth-0.10-0.13
Book-Value Growth-0.80-0.43
 
Category: UK Equity Income
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.280.0099.28
Bond0.000.000.00
Property0.000.000.00
Cash1.370.640.72
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States3.211.25
Canada0.000.00
Latin America0.000.00
United Kingdom95.361.04
Eurozone0.000.00
Europe - ex Euro1.431.10
Europe - Emerging0.00-
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Equity Income
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.470.74
Consumer CyclicalConsumer Cyclical5.260.54
Financial ServicesFinancial Services25.591.02
Real EstateReal Estate7.082.02
Consumer DefensiveConsumer Defensive13.341.01
HealthcareHealthcare14.031.65
UtilitiesUtilities9.071.94
Communication ServicesCommunication Services6.981.14
EnergyEnergy9.081.25
IndustrialsIndustrials4.940.37
TechnologyTechnology0.160.07
 
Category: UK Equity Income
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings49
Total Number of Bond Holdings0
Assets in Top 10 Holdings43.62
NameSectorCountry% of Assets
Imperial Brands PLC205United Kingdom6.34
GSK PLC206United Kingdom5.74
British American Tobacco PLC205United Kingdom5.36
BP PLC309United Kingdom5.29
HSBC Holdings PLC103United Kingdom4.09
Phoenix Group Holdings PLC103United Kingdom3.65
Centrica PLC207United Kingdom3.38
Barclays PLC103United Kingdom3.29
SSE PLC207United Kingdom3.25
Prudential PLC103United Kingdom3.23
 
Increase Decrease New since last portfolio
Category: UK Equity Income
 
Management
Name of CompanyJupiter Unit Trust Managers Ltd
Phone+44 20 3817 1000
Websitehttp://www.jupiteram.com
AddressThe Zig Zag Building
 London   SW1E 6SQ
 United Kingdom
DomicileUnited Kingdom
Legal StructureUnit Trust
UCITSYes
Inception Date19/09/2011
Fund Advisor(s)
Jupiter Asset Management Limited
Fund ManagerChris Morrison
Manager Start Date02/04/2024
Education
Bristol University, B.S.
 
Biography
Chris Morrison is an investment manager in the UK Equity Income team. Prior to joining Jupiter in January 2024, Chris was a fund manager at GAM since 2011. Between 2011 and 2017 he worked with Andrew Green managing the global and UK equity funds. In 2017, he launched a UK equity income strategy with Adrian Gosden. Between 2005 and 2011, Chris worked at Bank of Tokyo Mitsubishi UFJ Asset Management where he managed European equity portfolios. Chris studied Economics and Mathematics at University of Bristol.
Fund ManagerAdrian Gosden
Manager Start Date02/04/2024
Career Start Year1996
Education
University of Oxford
 
Biography
Adrian Gosden is an investment manager in the UK Equity Income team. Prior to joining Jupiter in January 2024, Adrian was a fund manager at GAM since 2017. Prior to that he was at Artemis for 13 years, managing a £10bn UK income franchise. Before that he was a fund manager of UK equities at Société Générale Asset Management for four years. From 1996 to 1998, Adrian worked as an investment analyst at Fleming Investment Management, responsible for pharmaceutical and telecoms sector research. He started his career as a strategic consultant at Andersen Consulting. Adrian holds a first-class degree in chemistry from Oxford University.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.94%
Ongoing Charge0.95%
Purchase Details
Minimum Investments
Initial1000000  GBP
Additional50000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes