Morningstar Fund Report  | 14/04/2025Print

JupiterMerian Global Equity Absolute Return Fund L (GBP) Hedged Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
JupiterMerian Global Equity Absolute Return Fund L (GBP) Hedged Acc
Fund17.78.98.610.24.6
+/-Cat13.65.74.82.32.4
+/-B’mrk18.022.22.66.84.0
 
Category: Equity Market Neutral GBP
Category Benchmark: Morningstar UK Cau Tgt Allo...
Key Stats
NAV
11/04/2025		 GBP 2.06
Day Change -0.04%
Morningstar Category™ Equity Market Neutral GBP
IA (formerly IMA) Sector Targeted Absolute Return
ISIN IE00BLP5S577
Fund Size (Mil)
11/04/2025		 USD 3574.06
Share Class Size (Mil)
11/04/2025		 GBP 11.33
Max Initial Charge 5.00%
Ongoing Charge
14/02/2025		  1.57%
Investment Objective: JupiterMerian Global Equity Absolute Return Fund L (GBP) Hedged Acc
The objective of the Fund is capital appreciation while closely controlling risk. In addition, the Fund intends to deliver absolute returns that have a low correlation with equity and bond markets.
Returns
Trailing Returns (GBP)11/04/2025
YTD3.64
3 Years Annualised10.29
5 Years Annualised9.57
10 Years Annualised3.81
12 Month Yield 0.00
Management
Manager Name
Start Date
Amadeo Alentorn
30/06/2009
Inception Date
30/06/2009

Category Benchmark
Fund BenchmarkMorningstar Benchmark
SARONMorningstar UK Cau Tgt Alloc NR GBP
Portfolio Profile for  JupiterMerian Global Equity Absolute Return Fund L (GBP) Hedged Acc31/12/2024
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock188.45120.7467.72
Bond0.000.000.00
Property0.000.000.00
Cash174.68142.4032.28
Other0.000.000.00
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United States29.62
Asia - Emerging14.88
Eurozone12.00
Asia - Developed10.26
Australasia8.10
Top 5 Sectors%
Financial Services18.85
Consumer Cyclical15.08
Technology13.48
Industrials11.23
Consumer Defensive7.53
Top 5 HoldingsSector%
United States Treasury Bills 0%3.59
United States Treasury Bills 0%3.59
United States Treasury Bills 0%3.59
United States Treasury Bills 0%3.59
United States Treasury Bills 0%3.57
Increase Decrease New since last portfolio
JupiterMerian Global Equity Absolute Return Fund L (GBP) Hedged Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  JupiterMerian Global Equity Absolute Return Fund L (GBP) Hedged Acc
Category:  Equity Market Neutral GBP
Category Index:  Morningstar UK Cau Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-3.58-13.78-3.3717.748.918.6010.224.60
+/- Category-2.55-14.54-7.0013.555.664.822.312.43
+/- Category Index---8.9418.0522.162.636.753.97
% Rank in Category7310089427182729
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.04   0.010.11
1 Week0.27   0.331.37
1 Month0.18   -0.650.72
3 Months3.86   1.663.48
6 Months6.65   1.776.98
YTD3.64   0.744.03
1 Year10.73   3.847.04
3 Years Annualised10.29   2.469.93
5 Years Annualised9.57   2.059.86
10 Years Annualised3.81   -0.412.30
 
Category: Equity Market Neutral GBP
Category Index: Morningstar UK Cau Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20254.60---
20243.142.120.574.06
20231.252.702.382.01
20221.101.623.722.19
20219.754.12-0.043.07
2020-3.25-1.291.72-0.53
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighBelow Average5 star
5-YearAbove AverageAverage4 star
10-YearAverageAverage3 star
Overall*Above AverageAverage4 star
 
Category :  Equity Market Neutral GBPClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev3.18 %
3-Yr Mean Return10.55 %
 
3-Yr Sharpe Ratio1.91
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Cau Tgt Alloc NR GBP  Morningstar UK Small Cap TME NR GBP
3-Yr Beta-0.22-0.09
3-Yr Alpha5.295.70
 
Investment Style Details31/12/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 13625-
Market Capitalisation% of Equity
Giant17.97
Large34.23
Medium27.76
Small14.34
Micro5.69
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings12.810.90
Price/Book1.480.88
Price/Sales1.100.92
Price/Cash Flow7.220.91
Dividend-Yield Factor3.001.02
 
Long-Term Projected Earnings Growth11.661.10
Historical Earnings Growth2.28168.14
Sales Growth7.392.62
Cash-Flow Growth5.15-2.17
Book-Value Growth4.151.50
 
Category: Equity Market Neutral GBP
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 2780
Maturity Distribution %
1 to 30.00
3 to 50.00
5 to 70.00
7 to 100.00
10 to 150.00
15 to 200.00
20 to 300.00
Over 300.00
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: Equity Market Neutral GBP
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock188.45120.7467.72
Bond0.000.000.00
Property0.000.000.00
Cash174.68142.4032.28
Other0.000.000.00
World Regions31/12/2024
 % of EquityRelative to Category
United States29.621.59
Canada1.372.21
Latin America1.872.21
United Kingdom7.560.17
Eurozone12.001.04
Europe - ex Euro4.871.40
Europe - Emerging0.00-
Africa2.022.21
Middle East0.361.77
Japan7.062.21
Australasia8.101.82
Asia - Developed10.262.16
Asia - Emerging14.882.20
 
Category: Equity Market Neutral GBP
Sector Weightings31/12/2024
 % of EquityRelative to Category
Basic MaterialsBasic Materials5.750.83
Consumer CyclicalConsumer Cyclical15.080.95
Financial ServicesFinancial Services18.851.07
Real EstateReal Estate4.881.11
Consumer DefensiveConsumer Defensive7.531.09
HealthcareHealthcare6.901.04
UtilitiesUtilities3.431.18
Communication ServicesCommunication Services6.721.09
EnergyEnergy6.151.16
IndustrialsIndustrials11.230.74
TechnologyTechnology13.481.11
 
Category: Equity Market Neutral GBP
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings1232
Total Number of Bond Holdings0
Assets in Top 10 Holdings29.86
NameSectorCountry% of Assets
United States Treasury Bills 0%United States3.59
United States Treasury Bills 0%United States3.59
United States Treasury Bills 0%United States3.59
United States Treasury Bills 0%United States3.59
United States Treasury Bills 0%United States3.57
United States Treasury Bills 0%United States3.56
United States Treasury Bills 0%United States3.04
United States Treasury Bills 0%United States3.04
EQT Corp309United States1.16
Recruit Holdings Co Ltd308Japan1.13
 
Increase Decrease New since last portfolio
Category: Equity Market Neutral GBP
 
Management
Name of CompanyJupiter Asset Management (Europe) Limited
Phone-
Websitehttp://www.jupiteram.com
AddressThe Wilde-Suite G01, The Wilde, 53 Merrion Square South
 Dublin   -
 Ireland
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date30/06/2009
Fund Advisor(s)
Jupiter Investment Management Limited
Fund ManagerAmadeo Alentorn
Manager Start Date30/06/2009
 
Biography
Amadeo joined Merian in 2005 and is a fund manager and head of research in the global equity team. Prior to joining the business he developed simulation models for systemic and liquidity risk for the Financial Stability Group at the Bank of England, and worked as a software developer for CAD systems and for robotic applications. He holds a BEng in robotics from the University of Plymouth, an MSc in computer science, and a PhD in computational finance from the University of Essex. He is a CFA charterholder.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.57%
Purchase Details
Minimum Investments
Initial500  GBP
Additional250  GBP
Savings-
Tax Free Savings Schemes
ISAsYes