Morningstar Fund Report  | 13/04/2025Print

JPM Emerging Markets Fund C - Net Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
JPM Emerging Markets Fund C - Net Accumulation
Fund-9.3-16.00.54.21.0
+/-Cat-7.8-3.9-3.6-3.91.8
+/-B’mrk-8.4-8.2-3.5-4.91.9
 
Category: Global Emerging Markets Equity
Category Benchmark: Morningstar EM TME NR USD
Key Stats
NAV
11/04/2025		 GBP 10.13
Day Change -1.17%
Morningstar Category™ Global Emerging Markets Equity
IA (formerly IMA) Sector Global Emerging Markets
ISIN GB0030881774
Fund Size (Mil)
11/04/2025		 GBP 1989.20
Share Class Size (Mil)
11/04/2025		 GBP 965.13
Max Initial Charge -
Ongoing Charge
01/01/2025		  0.83%
Morningstar Research
Analyst Report11/03/2025
Lena Tsymbaluk, Associate Director
Morningstar, Inc

JPM Emerging Markets' highly experienced management team, the group’s extensive resources and notable investment process underpin our positive view. All share classes, including the clean C share class, retain a Morningstar Analyst Rating of...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People25
Parent24
Process24
Performance
Price
Investment Objective: JPM Emerging Markets Fund C - Net Accumulation
To provide capital growth over the long-term (5-10 years) by investing at least 80% of the Fund’s assets in equity securities of emerging markets companies. At least 80% of assets invested in equities of companies that are domiciled, or carrying out the main part of their economic activity, in an emerging market country.
Returns
Trailing Returns (GBP)11/04/2025
YTD-5.86
3 Years Annualised-0.78
5 Years Annualised2.77
10 Years Annualised4.42
12 Month Yield 1.46
Management
Manager Name
Start Date
Leon Eidelman
15/02/2013
John Citron
19/03/2025
Click here to see others
Inception Date
01/02/1994

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI EM NR GBPMorningstar EM TME NR USD
Portfolio Profile for  JPM Emerging Markets Fund C - Net Accumulation28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.450.0098.45
Bond0.030.000.03
Property0.000.000.00
Cash1.981.430.55
Other0.960.000.96
Top 5 Regions%
Asia - Emerging43.14
Asia - Developed27.33
Latin America15.74
Eurozone4.90
Europe - Emerging3.67
Top 5 Sectors%
Technology27.00
Financial Services22.04
Consumer Cyclical18.71
Industrials11.45
Communication Services8.41
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology8.93
Tencent Holdings LtdCommunication ServicesCommunication Services6.63
SK Hynix IncTechnologyTechnology3.33
MercadoLibre IncConsumer CyclicalConsumer Cyclical3.30
Banco Bilbao Vizcaya Argentaria SAFinancial ServicesFinancial Services2.96
Increase Decrease New since last portfolio
JPM Emerging Markets Fund C - Net Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  JPM Emerging Markets Fund C - Net Accumulation
Category:  Global Emerging Markets Equity
Category Index:  Morningstar EM TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-11.2527.8829.84-9.27-16.010.494.161.02
+/- Category0.0213.6115.78-7.81-3.95-3.62-3.951.83
+/- Category Index-3.7913.5115.94-8.40-8.17-3.49-4.851.90
% Rank in Category55169278758220
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.17   -1.31-1.99
1 Week-2.88   0.671.95
1 Month-6.81   -0.49-0.59
3 Months-7.57   0.43-0.16
6 Months-8.57   1.171.05
YTD-5.86   1.380.97
1 Year-6.72   -1.68-2.95
3 Years Annualised-0.78   -0.71-1.42
5 Years Annualised2.77   -1.92-2.71
10 Years Annualised4.42   1.080.18
 
Category: Global Emerging Markets Equity
Category Index: Morningstar EM TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.02---
20243.682.71-1.00-1.19
20230.78-0.77-3.764.42
2022-12.42-4.20-2.342.49
2021-3.936.17-5.81-5.56
2020-17.5024.248.3616.90
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average3 star
5-YearBelow AverageAbove Average2 star
10-YearAbove AverageAbove Average4 star
OverallAverageAbove Average3 star
 
Category :  Global Emerging Markets EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev12.78 %
3-Yr Mean Return1.26 %
 
3-Yr Sharpe Ratio-0.22
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM TME NR USD  MSCI EM NR USD
3-Yr Beta0.960.93
3-Yr Alpha-1.81-1.89
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 46215-
Market Capitalisation% of Equity
Giant70.67
Large17.88
Medium8.87
Small2.57
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings12.931.09
Price/Book2.491.51
Price/Sales1.751.17
Price/Cash Flow5.130.80
Dividend-Yield Factor2.850.89
 
Long-Term Projected Earnings Growth13.381.27
Historical Earnings Growth15.842.85
Sales Growth14.103.07
Cash-Flow Growth9.552.04
Book-Value Growth12.941.49
 
Category: Global Emerging Markets Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.450.0098.45
Bond0.030.000.03
Property0.000.000.00
Cash1.981.430.55
Other0.960.000.96
World Regions28/02/2025
 % of EquityRelative to Category
United States2.513.00
Canada0.000.00
Latin America15.741.72
United Kingdom0.000.00
Eurozone4.903.82
Europe - ex Euro0.000.00
Europe - Emerging3.671.66
Africa2.710.79
Middle East0.000.00
Japan0.000.00
Australasia0.00-
Asia - Developed27.330.94
Asia - Emerging43.140.88
 
Category: Global Emerging Markets Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials1.470.34
Consumer CyclicalConsumer Cyclical18.711.27
Financial ServicesFinancial Services22.040.91
Consumer DefensiveConsumer Defensive4.700.99
HealthcareHealthcare3.090.88
UtilitiesUtilities0.940.52
Communication ServicesCommunication Services8.410.81
EnergyEnergy2.180.70
IndustrialsIndustrials11.451.75
TechnologyTechnology27.001.09
 
Category: Global Emerging Markets Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings78
Total Number of Bond Holdings0
Assets in Top 10 Holdings36.33
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan8.93
Tencent Holdings Ltd308China6.63
SK Hynix Inc311Korea, Republic Of3.33
MercadoLibre Inc102Brazil3.30
Banco Bilbao Vizcaya Argentaria SA103Spain2.96
Bajaj Finance Ltd103India2.51
Hanwha Aerospace Co Ltd310Korea, Republic Of2.34
Alibaba Group Holding Ltd ADR102China2.33
Nu Holdings Ltd Ordinary Shares Class A103Brazil2.14
Grupo Financiero Banorte SAB de CV Cl... 103Mexico1.86
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets Equity
 
Management
Name of CompanyJPMorgan Funds Limited
Phone+44 1268 44 44 70
Websitewww.jpmorgan.co.uk/investor
Address60 Victoria Embankment
 London   EC4Y 0JP
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date01/02/1994
Fund Advisor(s)
JP Morgan Asset Management (UK) Ltd
Fund ManagerLeon Eidelman
Manager Start Date15/02/2013
Education
Cornell University, B.A.
 
Biography
Leon Eidelman, CFA, Portfolio Manager and Managing Director, has been with JPMorgan since 2002 and is responsible for global emerging markets portfolios. An employee since 2002, Leon is a member of the group of global emerging markets portfolio managers responsible for the fundamental, bottom-up portfolios, including the GEM Discovery and GEM Focused strategies. He is lead manager of the GEM Discovery strategy and is a portfolio manager on the GEM Focused strategy. Leon holds a B.A. in Economics with a concentration in Finance from Cornell University and is a CFA Charterholder.
Fund ManagerJohn Citron
Manager Start Date19/03/2025
Education
2009, University of Oxford, B.A./B.S.
 
Biography
John Citron, executive director, is a portfolio manager within the Emerging Markets and Asia Pacific (EMAP) Equities team based in London. An employee since 2009, he previously worked as an industrials analyst within the EMAP Equities team, and before that as a research analyst within the European Equities Research team. John obtained a B.A. (Honours) in Philosophy, Politics and Economics from Oxford University.
Fund ManagerAustin Forey
Manager Start Date01/07/1997
Career Start Year1988
Education
University of Cambridge, B.A.
University of Cambridge, Ph.D.
 
Biography
Austin Forey, Portfolio Manager and Managing Director, has been at JPMorgan (or one of its predecessors) since 1988 and is responsible for global emerging markets portfolios, a role he has fulfilled since 1994. Prior to this he worked in the U.K. team, where he was deputy head of U.K. research. Before this, Austin worked as a research analyst covering engineering, and subsequently all financial sectors. Austin obtained a B.A. in Modern Languages from Cambridge University, and earned a Ph.D. in Modern Languages from Cambridge University.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.83%
Purchase Details
Minimum Investments
Initial5000000  GBP
Additional100000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes