Interim Management Statement

RNS Number : 7826G

JPMorgan Mid Cap Invest Trust PLC

17 May 2011

 



JPMorgan Mid Cap Investment Trust plc

Interim Management Statement

For the three months ended 31st March 2011

This interim management statement relates to the quarter from 1st January 2011 to 31st March 2011 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	-1.5%	-0.2%	17.8%	-3.1%	-8.5%	63.9%
Net asset value	-1.1%	0.0%	14.5%	-3.7%	-6.9%	70.3%
Benchmark	-0.5%	0.7%	17.2%	29.0%	37.2%	163.2%

* Total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 31st March 2011	As at 16th May 2011
Total assets	£145.7m	£146.7m
Share price	440.0p	457.5p
Net asset value	523.3p	544.0p
Discount	15.9%	18.9%
Gearing	106.0%	103.9%

Share prices shown are closing bid

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

Source: JPMAM/Morningstar

Material events

There were no material events.

Material transactions

Changes to share capital

	Ordinary Shares of 25p
Shares in issue as at 1st January 2011 (excluding shares held in Treasury)	25,086,680
Shares held in Treasury as at 1st January 2011	1,045,500
Shares bought back and cancelled Shares bought back into Treasury Shares issued - from Treasury Shares issued -  new	- - - -
Shares in issue at 31st March 2011 (excluding shares held in Treasury)	25,086,680
Shares held in Treasury as at 31st March 2011	1,045,500

During the quarter, the Company did not issue or buy back any shares in the period.

Portfolio

Top ten holdings as at 31st March 2011

Stock name	Sector	Weight %
Jardine Lloyd Thompson	Financials	2.4
Go-Ahead	Consumer Services	2.4
FirstGroup	Consumer Services	2.3
Pennon	Utilities	2.3
Cable & Wireless	Telecommunications	2.1
Logica	Technology	2.0
Meggitt	Industrials	1.9
Hiscox	Financials	1.8
Cable & Wireless Worldwide	Telecommunications	1.7
Babcock International	Industrials	1.7

Sector analysis as at 31st March 2011

	Portfolio %
Financials	20.0
Industrials	18.9
Consumer Services	17.1
Consumer Goods	10.1
Basic Materials	8.2
Technology	7.6
Utilities	4.9
Telecommunications	4.5
Oil & Gas	3.4
Health Care	1.6
Cash	3.7
Total	100.00

By order of the Board

Alison Vincent, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

17th May 2011

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.jpmmidcap.co.uk 

 

END

 

 

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