Interim Management Statement

RNS Number : 9808L

JPMorgan American IT PLC

14 May 2010

 



JPMorgan American Investment Trust plc

Interim Management Statement (unaudited)

For the three months ended 31st March 2010

This interim management statement relates to the quarter from 1st January 2010 to 31st March 2010 and contains information that covers that period, unless otherwise stated. 

Financial performance - Cumulative Total Return *

	1 month	3 months	1 Year	3 Years	5 Years	10 Years
Share price	7.8%	16.7%	40.0%	30.1%	62.3%	22.4%
Net asset value	6.8%	11.8%	42.4%	22.3%	46.5%	3.8%
Benchmark	6.4%	12.1%	41.1%	12.6%	34.4%	-4.8%

* total return with net dividends reinvested

Source: JPMAM/Fundamental Data

Financial position

	As at 13th May 2010	As at 31st March 2010	As at 31st December 2009
Total assets	£377.1m	£410.3m	£371.9m
Share price	837.0p	813.5p	697.0p
Net asset value	843.2p	820.3p	732.3p
Discount	0.7%	0.8%	4.7%
Gearing	109.8%	109.0%	111.0%

Share prices shown are closing bid

Net asset values are shown excluding income with debt at par

Source: JPMAM/Fundamental Data

Material events

There were no material events to report for the three months ended 31st March 2010.

Material transactions

Changes to share capital:      

	Ordinary Shares of 25p
Shares in issue as at 1st January 2010	42,725,949
Shares bought back and cancelled	-
Shares issued - new	-
As at 31st March 2010	42,725,949

The Company has not repurchased or issued any shares in the three months ended 31^st March 2010.

Portfolio

Top ten holdings as at 31^st March 2010

Stock name	Sector	Weight %
Exxon Mobil	Energy	4.0
Microsoft	Information Technology	3.2
Merck	Health Care	2.4
IBM	Information Technology	2.4
Hewlett Packard	Information Technology	2.4
Bank of America	Financials	2.2
Oracle	Information Technology	2.2
Wells Fargo	Financials	2.1
United Technologies	Industrials	2.0
Chevron	Energy	1.7

Sector analysis as at 31^st March 2010

Sector	31st March 2010 %	31st December 2009 %
Information Technology	18.8	22.0
Financials	14.9	13.2
Health Care	13.8	13.1
Energy	11.5	11.2
Consumer Discretionary	11.0	10.6
Industrials	10.5	10.2
Consumer Staples	7.9	8.0
Telecommunication Services	3.1	3.5
Materials	2.8	3.3
Utilities	1.4	1.1
Cash	4.3	3.8
Total	100.0	100.0

Asset analysis as at 31^st March 2010

	31st March 2010 %
Large companies	87.4
Small companies	7.4
Net current assets	3.8
Micro companies	0.7
Unrealised hedge value	0.5
Unquoted investments	0.2
Total	100.0

By order of the Board

Andrew Norman, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

14th May 2010

Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ

Telephone: [phone]

This interim management statement has been prepared solely to provide information to meet the requirements of the UK Listing Authority's Disclosure and Transparency Rules.

Please note that up to date information on the Company, including daily NAV and share prices, factsheets and portfolio information can be found at www.jpmamerican.co.uk 

 

END

 

 

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