Interim Management Statement

RNS Number : 3122T

JPMorgan American IT PLC

18 November 2013

 



JPMorgan American Investment Trust plc

Interim Management Statement (unaudited)

For the three months ended 30th September 2013

This interim management statement relates to the quarter from 1st July 2013 to 30th September 2013 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	-1.7%	0.8%	16.5%	53.5%	95.5%	144.0%
Net asset value	-1.6%	-0.7%	17.1%	49.8%	71.0%	123.2%
Benchmark	-1.5%	-1.5%	18.6%	51.5%	74.5%	105.4%

* total return with net dividends reinvested

Share prices shown are closing bid

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

Source: JPMAM/Morningstar

Financial position

	As at 15th November 2013	As at 30th September 2013	As at 30th June 2013
Total assets	£624.8m	£635.7m	£616.8m
Share price	1173.0p	1096.0p	1092.0p
Net asset value	1170.1p	1080.1p	1092.9p
Premium / (Discount)	0.24%	1.5%	(0.1)%
Gearing/ (net cash)	7.0%	5.0%	5.0%

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 2013	51,096,442
Shares bought back and cancelled	-
Shares issued - new	2,297,340
As at 30th September 2013	53,393,782

Portfolio Analyses

Top ten holdings as at 30th September 2013

Stock name	Sector	Weight %
Apple Microsoft Exxon Mobil ConocoPhillips Pfizer Citigroup IBM Wells Fargo United Technologies Bank of America	Information Technology Information Technology Energy Energy Health Care Financials Information Technology Financials Industrials Financials	3.9 3.4 2.5 2.3 2.3 2.1 2.0 2.0 1.9 1.8

Sector analysis as at 30th September 2013

Sector	30th September 2013 %
Information Technology Financials Consumer Discretionary Health Care Industrials Energy Consumer Staples Telecommunication Services Utilities Materials Cash, liquidity and unrealised hedge value	20.6 16.7 14.7 12.9 11.6 11.0 5.9 1.9 1.4 0.0 3.3
Total	100.0

Asset analysis as at 30th September 2013

	30th September 2013 %
Large companies	90.6
Small companies	6.0
Unquoted investments	0.1
Cash, liquidity and unrealised hedge value	3.3
Total	100.0

By order of the Board

Alison Vincent, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

18th November 2013

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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