Interim Management Statement

RNS Number : 4626W

JPMorgan American IT PLC

18 November 2010

 



JPMorgan American Investment Trust plc

Interim Management Statement (unaudited)

For the three months ended 30th September 2010

This interim management statement relates to the quarter from 1st July 2010 to 30th September 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	8.5%	2.4%	15.4%	15.5%	34.3%	-11.8%
Net asset value	7.5%	4.8%	8.6%	7.4%	19.9%	-14.6%
Benchmark	6.2%	5.6%	11.5%	2.4%	13.9%	-13.2%

* total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 17th  November 2010	As at 30th September 2010	As at 30th June 2010
Total assets	£389.9m	£376.7m	£359.9m
Share price	739.0p	742.5p	726.0p
Net asset value	784.4p	755.1p	701.3p
Discount/Premium	-5.8%	-1.7 %	3.5 %
Gearing	104.6%	108.0%	108.7 %

Share prices shown are closing bid

Net asset values are shown with debt at fair value

Source: JPMAM/Morningstar

Material events

There were no material events to report for the three months ended 30th September 2010.

Material transactions

Changes to share capital:      

	Ordinary Shares of 25p
Shares in issue as at 1st July 2010	42,725,949
Shares bought back and cancelled	-
Shares issued - new	125,000
As at 30th September 2009	42,850,949

The Company has not repurchased any shares in the three months ended 30th September 2010.

Portfolio

Top ten holdings as at 30th September 2010

Stock name	Sector	Weight %
Exxon Mobil Microsoft IBM Merck & Co Oracle United Technologies Procter & Gamble Apple Inc Hewlett Packard Chevron	Energy Information Technology Information Technology Health Care Information Technology Industrials Consumer Staples Information Technology Information Technology Energy	3.8 2.8 2.6 2.5 2.4 2.0 2.0 2.0 1.9 1.9

Sector analysis as at 30th September 2010

Sector	30th September  2010 %	30th June 2010 %
Information Technology Health Care Energy Financials Industrials Consumer Discretionary Consumer Staples Telecommunication Services Materials Utilities Cash	18.3 13.9 12.9 12.4 10.3 9.4 8.9 3.1 3.0 1.5 6.3	17.9 14.5 12.6 14.4 10.3 8.2 9.0 2.9 2.4 1.5 6.3
Total	100.0	100.0

Asset analysis as at 30th September 2010

	30th September 2010 %
Large companies	85.1
Small companies	7.6
Micro Cap	0.8
Unquoted investments	0.2
Cash	5.3
Unrealised hedge value	1.0
Total	100.0

By order of the Board

Andrew Norman, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

18th November 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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