Morningstar Fund Report  | 17/04/2025Print

Jupiter Merlin Income and Growth Select Fund L Inc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Jupiter Merlin Income and Growth Select Fund L Inc
Fund15.1-12.69.86.20.0
+/-Cat4.0-2.61.4-2.81.3
+/-B’mrk2.8-5.4-0.9-5.00.5
 
Category: GBP Allocation 60-80% Equity
Category Benchmark: Morningstar UK Mod Adv Tgt ...
Key Stats
NAV
16/04/2025		 GBX 99.55
Day Change 0.30%
Morningstar Category™ GBP Allocation 60-80% Equity
IA (formerly IMA) Sector Mixed Investment 40-85% Shares
ISIN GB0004792684
Fund Size (Mil)
28/02/2025		 GBP 187.05
Share Class Size (Mil)
15/04/2025		 GBP 11.78
Max Initial Charge -
Ongoing Charge
20/03/2025		  1.63%
Investment Objective: Jupiter Merlin Income and Growth Select Fund L Inc
To provide a return, through a combination of income and capital growth, net of fees, over the long term (at least five years). At least 70% of the Fund is invested in collective investment schemes, with typically between 40% to 70% and at least 25% in funds managed or operated by Jupiter or an associate of Jupiter. Up to 30% of the Fund may be invested in other transferable securities, cash and near cash. The Fund will have exposure (direct and/or indirect) of 40% to 85% (typically between 65% to 75%) to shares of companies. At least 25% of the Fund will (in aggregate) be invested directly or indirectly in i) shares issued by companies based in the UK and/or funds investing in such companies; and/or ii) transferable securities which are sterling-denominated or hedged back to sterling.
Returns
Trailing Returns (GBP)16/04/2025
YTD-2.57
3 Years Annualised3.06
5 Years Annualised5.28
10 Years Annualised0.79
12 Month Yield 2.84
Dividend Paying Frequency Half-yearly
Management
Manager Name
Start Date
Algy Smith-Maxwell
01/11/2022
John Chatfeild-Roberts
01/11/2022
Click here to see others
Inception Date
24/01/1996

Category Benchmark
Fund BenchmarkMorningstar Benchmark
ARC Steady Growth PCI TR GBPMorningstar UK Mod Adv Tgt Alloc NR GBP
Portfolio Profile for  Jupiter Merlin Income and Growth Select Fund L Inc31/12/2024
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock73.170.0073.17
Bond22.162.7819.38
Property0.000.000.00
Cash29.9225.933.99
Other2.980.002.97
Fixed Income
Effective Maturity13.25
Effective Duration7.30
Top 5 Regions%
United Kingdom33.43
United States28.72
Japan17.04
Eurozone10.17
Asia - Developed4.09
Top 5 Sectors%
Technology18.86
Industrials16.44
Financial Services15.90
Consumer Defensive14.83
Consumer Cyclical12.69
Top 5 HoldingsSector%
Jupiter Global Value I GBP Q Inc14.91
IFSL Evenlode Global Equity F GB... 14.40
Jupiter Global HY Bd I GBP Q Inc... 12.89
IFSL Evenlode Income C Inc10.44
Jupiter UK Income Fund I Inc10.23
Increase Decrease New since last portfolio
Jupiter Merlin Income and Growth Select Fund L Inc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Jupiter Merlin Income and Growth Select Fund L Inc
Category:  GBP Allocation 60-80% Equity
Category Index:  Morningstar UK Mod Adv Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-15.0612.40-11.9715.11-12.639.806.21-0.01
+/- Category-8.70-3.27-17.223.96-2.551.43-2.791.27
+/- Category Index---16.492.84-5.37-0.87-5.020.52
% Rank in Category100871001180288624
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.30   -0.230.06
1 Week4.60   2.341.73
1 Month-2.99   0.250.77
3 Months-4.72   0.380.56
6 Months-2.20   2.130.33
YTD-2.57   1.891.16
1 Year2.14   1.74-1.04
3 Years Annualised3.06   0.72-1.46
5 Years Annualised5.28   -0.98-2.63
10 Years Annualised0.79   -3.57-4.95
 
Category: GBP Allocation 60-80% Equity
Category Index: Morningstar UK Mod Adv Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.01---
20243.37-0.091.501.32
20233.34-0.602.014.79
2022-7.15-8.183.02-0.54
20212.136.111.824.32
2020-23.537.85-5.5212.98
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average3 star
5-YearBelow AverageAbove Average2 star
10-YearLowHigh1 star
OverallBelow AverageAbove Average2 star
 
Category :  GBP Allocation 60-80% EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev7.47 %
3-Yr Mean Return3.41 %
 
3-Yr Sharpe Ratio-0.08
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Mod Adv Tgt Alloc NR GBP  Morningstar Australia NZ 50/50 GR USD
3-Yr Beta0.630.40
3-Yr Alpha-1.571.82
 
Investment Style Details31/12/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 22748-
Market Capitalisation% of Equity
Giant29.76
Large31.88
Medium26.23
Small9.23
Micro2.90
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings13.730.83
Price/Book1.660.65
Price/Sales1.100.60
Price/Cash Flow8.370.76
Dividend-Yield Factor3.221.40
 
Long-Term Projected Earnings Growth10.421.05
Historical Earnings Growth-0.58-0.09
Sales Growth5.330.88
Cash-Flow Growth0.980.05
Book-Value Growth3.191.34
 
Category: GBP Allocation 60-80% Equity
Fixed Income Style31/12/2024
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 184
Maturity Distribution %
1 to 315.40
3 to 532.56
5 to 716.92
7 to 108.58
10 to 151.85
15 to 205.02
20 to 302.82
Over 3011.84
Effective Maturity13.25
Effective Duration7.30
Credit Quality Breakdown %     %
AAA1.52   BB32.66
AA4.51   B37.87
A3.21   Below B6.47
BBB14.72   Not Rated-0.95
 
Category: GBP Allocation 60-80% Equity
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock73.170.0073.17
Bond22.162.7819.38
Property0.000.000.00
Cash29.9225.933.99
Other2.980.002.97
World Regions31/12/2024
 % of EquityRelative to Category
United States28.720.55
Canada0.500.51
Latin America1.632.93
United Kingdom33.431.74
Eurozone10.171.09
Europe - ex Euro3.320.80
Europe - Emerging0.000.00
Africa0.322.23
Middle East0.090.32
Japan17.042.75
Australasia0.290.46
Asia - Developed4.091.32
Asia - Emerging0.390.12
 
Category: GBP Allocation 60-80% Equity
Sector Weightings31/12/2024
 % of EquityRelative to Category
Basic MaterialsBasic Materials2.490.63
Consumer CyclicalConsumer Cyclical12.691.23
Financial ServicesFinancial Services15.900.90
Real EstateReal Estate2.801.08
Consumer DefensiveConsumer Defensive14.832.20
HealthcareHealthcare7.070.59
UtilitiesUtilities0.800.30
Communication ServicesCommunication Services6.160.84
EnergyEnergy1.960.51
IndustrialsIndustrials16.441.29
TechnologyTechnology18.860.93
 
Category: GBP Allocation 60-80% Equity
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings0
Assets in Top 10 Holdings92.36
NameSectorCountry% of Assets
Jupiter Global Value I GBP Q IncLuxembourg14.91
IFSL Evenlode Global Equity F GBP IncUnited Kingdom14.40
Jupiter Global HY Bd I GBP Q Inc HSCLuxembourg12.89
IFSL Evenlode Income C IncUnited Kingdom10.44
Jupiter UK Income Fund I IncUnited Kingdom10.23
M&G Japan GBP PP IncUnited Kingdom10.00
BlueBox Funds Global Technology J $ AccLuxembourg7.79
Jupiter Monthly Income Bd I GBP IncUnited Kingdom5.01
Janus Henderson Hrzn Glb SC M2 USDLuxembourg3.58
Royal London Global Equity Income M IncUnited Kingdom3.10
 
Increase Decrease New since last portfolio
Category: GBP Allocation 60-80% Equity
 
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 Date24/01/1996
Fund Advisor(s)
Jupiter Asset Management Limited
Fund ManagerAlgy Smith-Maxwell
Manager Start Date01/11/2022
 
Biography
Algy Smith-Maxwell joined Jupiter in 2001. As a fund manager in the Jupiter Independent Funds Team, Algy jointly runs the Jupiter Merlin Portfolios with John Chatfeild-Roberts and Peter Lawery. Algy has extensive experience specialising in multi-manager funds. He started his career in 1995 as a fund analyst for Henderson's before becoming a fund manager for Lazard Asset Management in 1999
Fund ManagerJohn Chatfeild-Roberts
Manager Start Date01/11/2022
Career Start Year1990
Education
Durham University, B.A.
 
Biography
John Chatfeild-Roberts joined Jupiter in March 2001, and he was appointed Chief Investment Officer of Jupiter Asset Management in February 2010. He established the award-winning Jupiter Merlin fund of funds team, in which he jointly manages the Jupiter Merlin Portfolios with Peter Lawery and Algy Smith-Maxwell, who both came with him from Lazard Asset Management. John is also Lead Manager of the Jupiter Global Managed Fund (Unit Trust). John gained a degree in Economics from Durham University and the RMA Sandhurst. After a Short Service Commission in the Army, John started his fund management career at Henderson's (1990-1995), followed by a move to Lazard Asset Management, where he set up a successful multi-manager team from scratch. John is a Fellow of the Securities Institute.
Fund ManagerAlastair Irvine
Manager Start Date01/11/2022
Fund ManagerAmanda Sillars
Manager Start Date01/11/2022
Fund ManagerDavid Lewis
Manager Start Date01/11/2022
 
Biography
David joined Jupiter in 2008, initially in the Private Client & Charities Team as a portfolio assistant then as an assistant fund manager from February 2010. In May 2011 David joined the Jupiter Independent Funds Team, which is responsible for managing the Jupiter Merlin Portfolios. Before joining Jupiter, David worked at IFA Bestinvest as an assistant investment manager within its Discretionary Investment Management department. David is a Chartered Member of the Chartered Institute for Securities & Investments and is a CFA® charterholder.
Fund ManagerGeorge Fox
Manager Start Date01/11/2022
 
Biography
George is an Assistant Fund Manager in the Jupiter Independent Funds Team. George began his investment career in 2018. He has a degree in History and holds the CFA UK – Investment Management Certificate.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.37%
Ongoing Charge1.63%
Purchase Details
Minimum Investments
Initial500  GBP
Additional250  GBP
Savings50  GBP
Tax Free Savings Schemes
ISAsYes