Morningstar Fund Report  | 03/04/2025Print

Jupiter Merian North American Equity Fund L GBP Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Jupiter Merian North American Equity Fund L GBP Acc
Fund26.9-7.217.025.7-9.5
+/-Cat0.62.3-0.22.5-1.6
+/-B’mrk-0.22.6-2.1-1.1-2.0
 
Category: US Large-Cap Blend Equity
Category Benchmark: Morningstar US Large-Mid NR...
Key Stats
NAV
02/04/2025		 GBP 23.02
Day Change 0.33%
Morningstar Category™ US Large-Cap Blend Equity
IA (formerly IMA) Sector North America
ISIN GB00B1XG7P54
Fund Size (Mil)
28/02/2025		 GBP 2214.25
Share Class Size (Mil)
02/04/2025		 GBP 59.86
Max Initial Charge 4.00%
Ongoing Charge
20/03/2025		  1.70%
Morningstar Research
Analyst Report18/12/2024
Francesco Paganelli, Senior Analyst
Morningstar, Inc

A solid management team, together with a well-designed quantitative process, continue to make Jupiter Merian North American Equity an attractive offering. The I GBP clean share class retains its Morningstar Analyst Rating of Bronze. Ratings on...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process24
Performance
Price
Investment Objective: Jupiter Merian North American Equity Fund L GBP Acc
To seek to achieve capital growth by delivering a return, net of fees, greater than that of the MSCI North America Index with net dividends reinvested over rolling 3 year periods. The fund primarily invests (at least 70%) in a diversified portfolio of North American equities. North American equities are those of companies that are domiciled, incorporated or listed in North America, or that conduct a significant part of their business in North America.
Returns
Trailing Returns (GBP)02/04/2025
YTD-8.16
3 Years Annualised8.76
5 Years Annualised17.43
10 Years Annualised12.14
12 Month Yield 0.00
Management
Manager Name
Start Date
Amadeo Alentorn
01/12/2004
Inception Date
06/04/1985

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI North America NR GBPMorningstar US Large-Mid NR USD
Portfolio Profile for  Jupiter Merian North American Equity Fund L GBP Acc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.980.0697.92
Bond0.000.000.00
Property0.000.000.00
Cash2.080.002.08
Other0.000.000.00
Top 5 Regions%
United States94.21
Canada5.61
Eurozone0.18
Latin America0.00
United Kingdom0.00
Top 5 Sectors%
Technology28.20
Financial Services13.75
Communication Services13.48
Consumer Cyclical10.95
Industrials9.53
Top 5 HoldingsSector%
NVIDIA CorpTechnologyTechnology6.34
Apple IncTechnologyTechnology5.71
Microsoft CorpTechnologyTechnology4.12
Alphabet Inc Class ACommunication ServicesCommunication Services2.76
Amazon.com IncConsumer CyclicalConsumer Cyclical2.49
Increase Decrease New since last portfolio
Jupiter Merian North American Equity Fund L GBP Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Jupiter Merian North American Equity Fund L GBP Acc
Category:  US Large-Cap Blend Equity
Category Index:  Morningstar US Large-Mid NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-4.6120.0614.4926.89-7.1717.0525.72-9.49
+/- Category-3.18-3.360.390.622.26-0.182.55-1.65
+/- Category Index-5.44-5.73-2.27-0.212.62-2.08-1.08-2.03
% Rank in Category6171436121634483
Trailing Returns (GBP)02/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.33   -0.54-0.09
1 Week-2.66   -0.10-1.27
1 Month-6.59   0.550.99
3 Months-8.41   -0.85-0.64
6 Months2.48   2.440.40
YTD-8.16   -0.59-1.34
1 Year3.28   0.81-3.16
3 Years Annualised8.76   1.05-0.19
5 Years Annualised17.43   0.75-0.20
10 Years Annualised12.14   0.02-1.13
 
Category: US Large-Cap Blend Equity
Category Index: Morningstar US Large-Mid NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-9.49---
202411.382.09-1.6612.43
20232.564.780.977.87
2022-0.82-7.583.43-2.09
20217.406.832.537.87
2020-14.2520.312.238.56
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average3 star
5-YearAverageBelow Average3 star
10-YearAverageAbove Average3 star
OverallAverageAverage3 star
 
Category :  US Large-Cap Blend EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev12.89 %
3-Yr Mean Return8.50 %
 
3-Yr Sharpe Ratio0.33
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar US Large-Mid NR USD  Morningstar US Market Ext NR USD
3-Yr Beta0.840.84
3-Yr Alpha-0.800.64
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 96009-
Market Capitalisation% of Equity
Giant34.43
Large18.04
Medium34.08
Small12.40
Micro1.05
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings17.840.79
Price/Book3.470.71
Price/Sales2.150.77
Price/Cash Flow11.770.74
Dividend-Yield Factor1.391.04
 
Long-Term Projected Earnings Growth11.140.95
Historical Earnings Growth11.661.01
Sales Growth8.040.92
Cash-Flow Growth12.361.75
Book-Value Growth7.500.74
 
Category: US Large-Cap Blend Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.980.0697.92
Bond0.000.000.00
Property0.000.000.00
Cash2.080.002.08
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States94.210.96
Canada5.618.95
Latin America0.000.00
United Kingdom0.000.00
Eurozone0.180.24
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan0.000.00
Australasia0.00-
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: US Large-Cap Blend Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials0.810.38
Consumer CyclicalConsumer Cyclical10.951.02
Financial ServicesFinancial Services13.750.94
Real EstateReal Estate2.230.97
Consumer DefensiveConsumer Defensive5.961.15
HealthcareHealthcare9.490.82
UtilitiesUtilities3.501.69
Communication ServicesCommunication Services13.481.44
EnergyEnergy2.090.80
IndustrialsIndustrials9.531.26
TechnologyTechnology28.200.89
 
Category: US Large-Cap Blend Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings161
Total Number of Bond Holdings0
Assets in Top 10 Holdings30.18
NameSectorCountry% of Assets
NVIDIA Corp311United States6.34
Apple Inc311United States5.71
Microsoft Corp311United States4.12
Alphabet Inc Class A308United States2.76
Amazon.com Inc102United States2.49
Netflix Inc308United States2.00
Walmart Inc205United States1.89
Meta Platforms Inc Class A308United States1.67
Alphabet Inc Class C308United States1.61
AT&T Inc308United States1.58
 
Increase Decrease New since last portfolio
Category: US Large-Cap Blend 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 StructureOpen Ended Investment Company
UCITSYes
Inception Date06/04/1985
Fund Advisor(s)
Jupiter Investment Management Limited
Fund ManagerAmadeo Alentorn
Manager Start Date01/12/2004
 
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 Charge4.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Chargen/a
Ongoing Charge1.70%
Purchase Details
Minimum Investments
Initial500  GBP
Additional250  GBP
Savings-
Tax Free Savings Schemes
ISAsYes