Interim Management Statement

RNS Number : 3306R

JPMorgan American IT PLC

16 November 2012

 



JPMorgan American Investment Trust plc

Interim Management Statement (unaudited)

For the three months ended 30th September 2012

This interim management statement relates to the quarter from 1st July 2012 to 30th September 2012 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	2.5%	8.3%	22.1%	52.1%	52.3%	158.3%
Net asset value	0.6%	2.8%	23.1%	40.0%	38.1%	129.4%
Benchmark	0.9%	3.2%	25.2%	42.4%	30.8%	103.1%

* total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 14th November 2012	As at 30th September 2012	As at 30th June 2012
Total assets	£495.2m	£509.2m	£497.6m
Share price	895.0p	952.0p	883.5p
Net asset value	876.0p	921.4p	901.2p
Premium / (Discount)	2.2%	3.3%	(2.0)%
Gearing/ (net cash)	(2.8)%	(3.0)%	(2.0)%

Share prices shown are closing bid

Net asset values are shown with debt at fair value on a cum income basis

Source: JPMAM/Morningstar

Material events

There were no material events during the quarter.

Material transactions

Changes to share capital:      

	Ordinary Shares of 25p
Shares in issue as at 1st July 2012	48,468,092
Shares bought back and cancelled	-
Shares issued - new	920,000
As at 30th September 2012	49,388,092

Portfolio Analyses

Top ten holdings as at 30th September 2012

Stock name	Sector	Weight %
Apple Microsoft Exxon Mobil IBM Merck & Co Berkshire Hathaway Pfizer United Technologies Phillip Morris International Williams	Information Technology Information Technology Energy Information Technology Health Care Financials Health Care Industrials Consumer Staples Energy	5.2 3.6 3.5 2.7 2.4 2.4 2.4 2.0 1.9 1.9

Sector analysis as at 30th September 2012

Sector	30th September 2012 %
Information Technology Health Care Energy Financials Consumer Discretionary Consumer Staples Industrials Telecommunication Services Utilities Materials Cash	20.7 13.9 11.7 11.0 9.8 9.1 6.3 3.1 1.2 0.5 12.7
Total	100.0

Asset analysis as at 30th September 2012

	30th September 2012  %
Large companies	84.1
Small companies	3.1
Unquoted investments	0.1
Cash & liquidity	12.4
Unrealised hedge value	0.3
Total	100.0

By order of the Board

Alison Vincent, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

16th November 2012

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.

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement

JPMORGAN ASSET MANAGEMENT (UK) LIMITED

ENDS

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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