JPMorgan Glb Rsrch Enhncd Idx Eq Fd (PER0719AU) Report & Performance

What is the JPMorgan Glb Rsrch Enhncd Idx Eq Fd fund?

JPMorgan Global Research Enhanced Index Equities Fund aims to achieve a long-term return in excess of the Benchmark by investing primarily in a portfolio of companies, globally, the risk characteristics of the portfolio of securities held by the Underlying Sub-Fund will resemble the risk characteristics of the portfolio of securities held in the Benchmark. The Fund will substantially invest in the Underlying Sub-Fund.

Growth of $1000 Investment Over Time

Performance Report

Peer Comparison Report

Peer Comparison Report

Latest News & Updates For JPMorgan Glb Rsrch Enhncd Idx Eq Fd

JPMorgan Glb Rsrch Enhncd Idx Eq Fd Fund Commentary November 30, 2022

•Stock selection was positive in 8 of the 19 sectors in our internal sector classification scheme this month.
•An overweight position in Netflix, an online subscription streaming service and production company, contributed to performance over the period. The company reported solid quarterly returns ahead of consensus estimates and guided to increased subscriber and revenue growth opportunities on the back of the ad-supported option launch in November.
•Not holding Amgen, an American multinational biopharmaceutical company, detracted from relative returns over the month. The company reported results ahead of consensus expectations, which were largely driven by its mature product Enbrel and good cost control.

READ HISTORICAL PERFORMANCE COMMENTARIES

Product Snapshot

  • Product Overview
  • Performance Review
  • Peer Comparison
  • Product Details

Product Overview

Fund Name APIR Code
? A Product Code is unique a identifier code issued by a group or governing body, to reference products in a large group. For an example, APIR codes are commonly used for Funds and Ticker codes are commonly used for Securities such as ETFs and Stocks.
Structure
?
Asset Class
? An Asset Class breakdown provides the percentages of core asset classes found within a mutual fund, exchange-traded fund, or another portfolio. Asset classes (in microeconomics and beyond) generally refer to broad categories such as equities, fixed income, and commodities.
Asset Category
? An Asset Category is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Asset categories (or a sub-asset class) are made up of instruments which often behave similarly to one another in the marketplace, looking down to the Asset Category level is important if looking to build a diversified portfolio.
Peer Benchmark Name
? A Peer Index (benchmark) refers to a peer group of investment managers who have the same investment style or category. It is used to compare the performance of one manager to their peer group, which makes it simpler for investors to choose between the vast number of investment managers.
Broad Market Index
? A Market Index (benchmark) refers to a hypothetical portfolio of investments that represents a segment, asset or category of an investable market. Market Indices are used to benchmark managers performance, to assist their style reliability and ability to provide excess returns.
FUM
? Funds/Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.
Management Fee
? A management fee is a charge levied by an investment manager for managing an investment fund. The management fee is intended to compensate the managers for their time and expertise for selecting finanical products and managing the portfolio.
Performance Fee
? A performance fee is a payment made to an investment manager for generating positive returns. This is as opposed to a management fee, which is charged without regard to returns. A performance fee can be calculated many ways. Most common is as a percentage of investment profits, often both realized and unrealized. It is largely a feature of the hedge fund industry, where performance fees have made many hedge fund managers among the wealthiest people in the world.
Spread
? A spread can have several meanings in finance. Basically, however, they all refer to the difference between two prices, rates or yields. In one of the most common definitions, the spread is the gap between the bid and the ask prices of a security or asset, like a stock, bond or commodity. This is known as a bid-ask spread.
JPMorgan Glb Rsrch Enhncd Idx Eq FdPER0719AUManaged FundsForeign EquityLarge Blend - FundamentalForeign Equity - Large Fundamental IndexDeveloped -World Index17.32 M0.2%0.00%0%

Performance Review

Fund Name Last Month
? Returns after fees in the most recent (last) month).
3 Months Return
? Returns after fees in the most recent 3 months.
1 Year Return
? Trailing 12 month returns.
3 Years Average Return
? Average Annual returns from the last 3 years.
Since Inc. Average Return
? Average (annualised) returns since inception
1 Year Std. Dev. (Annual)
? The standard deviation (or annual volatility) of the last 12 months.
3 Years Std. Dev. (Annual)
? The average standard deviation (or annual volatility) from the last 3 years.
Since Inc. Std. Dev. (Annual)
? The average standard deviation (or annual volatility) since the fund inception.
1 Year Max Drawdown
? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
3 Year Max Drawdown
? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Since Inc. Max Drawdown
? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
JPMorgan Glb Rsrch Enhncd Idx Eq Fd-13.68%-8.45%-18.34%3.55%7.31%18.14%15.59%13.38%-23.8%-23.8%-23.8%

Peer Comparison

Fund Name Peer Index Name
? A group of individuals who share similar characteristics and interests are called peer groups. Peer group analysis is an essential part of assessing a price for a particular stock in investment research. The emphasis here is on making a comparison, meaning that the peer group constituents should be more or less identical to the company being examined, especially in terms of their main business and market capitalization areas.
12 Months Excess Return
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
Excess Return Annualised Since Inception
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
12 Months Alpha
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market return over 12 months. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
Alpha Annualised Since Inception
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market annualized since inception. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
12 Months Beta
? Rolling 12Month Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
Beta Annualised Since Inception
? Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
12 Months Tracking Error
? 12Month Tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark over the last 12 months. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
Tracking Error Since Inception
? Since Inception tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark since inception. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
12 Months Correlation
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
Correlation Since Inception
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
JPMorgan Glb Rsrch Enhncd Idx Eq FdForeign Equity - Large Fundamental Index-3.55%-0.45%0.2%-0.09%-0.09%1.3311.71%5.23%0.810.93

Product Details

Fund Name Verifed by SMSF Mates Manager Address Phone Website Email
JPMorgan Glb Rsrch Enhncd Idx Eq FdYes-https://www.jpmorganam.com.au/wps/portal/auec/ContactUs-

Product Due Diligence

What is JPMorgan Glb Rsrch Enhncd Idx Eq Fd

JPMorgan Glb Rsrch Enhncd Idx Eq Fd is an Managed Funds investment product that is benchmarked against Developed -World Index and sits inside the Foreign Equity - Large Fundamental Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The JPMorgan Glb Rsrch Enhncd Idx Eq Fd has Assets Under Management of 17.32 M with a management fee of 0.2%, a performance fee of 0.00% and a buy/sell spread fee of 0%.

How has the investment product performed recently?

The recent investment performance of the investment product shows that the JPMorgan Glb Rsrch Enhncd Idx Eq Fd has returned -13.68% in the last month. The previous three years have returned 3.55% annualised and 13.38% each year since inception, which is when the JPMorgan Glb Rsrch Enhncd Idx Eq Fd first started.

How is risk measured in this investment product?

There are many ways that the risk of an investment product can be measured, and each measurement provides a different insight into the risk present. They can be used on their own or together to perform a risk assessment before investing, but when comparing investments, it is common to compare like for like risk measurements to determine which investment holds the most risk. Since JPMorgan Glb Rsrch Enhncd Idx Eq Fd first started, the Sharpe ratio is 0.51 with an annualised volatility of 13.38%. The maximum drawdown of the investment product in the last 12 months is -23.8% and -23.8% since inception. The maximum drawdown is defined as the high-to-low decline of an investment during a particular time period.

What is the relative performance of the investment product?

Relative performance is what an asset achieves over a period of time compared to similar investments or its peers. Relative return is a measure of the asset's performance compared to the return to the other investment. The JPMorgan Glb Rsrch Enhncd Idx Eq Fd has a 12-month excess return when compared to the Foreign Equity - Large Fundamental Index of -3.55% and -0.45% since inception.

Does the investment product produce Alpha over its Peers?

Alpha is an investing term used to measure an investment's outperformance relative to a market benchmark or peer investment. Alpha describes the excess return generated when compared to peer investment. JPMorgan Glb Rsrch Enhncd Idx Eq Fd has produced Alpha over the Foreign Equity - Large Fundamental Index of 0.2% in the last 12 months and -0.09% since inception.

What are similar investment products?

For a full list of investment products in the Foreign Equity - Large Fundamental Index category, you can click here for the Peer Investment Report.

What level of diversification will JPMorgan Glb Rsrch Enhncd Idx Eq Fd provide?

JPMorgan Glb Rsrch Enhncd Idx Eq Fd has a correlation coefficient of 0.93 and a beta of 1.33 when compared to the Foreign Equity - Large Fundamental Index. Correlation measures how similarly two investments move in relation to one another. This establishes a 'correlation coefficient', which has a value between -1.0 and +1.0. A 100% correlation between two investments means that the correlation coefficient is +1. Beta in investments measures how much the price moves relative to the broader market over a period of time. If the investment moves more than the broader market, it has a beta above 1.0. If it moves less than the broader market, then the beta is less than 1.0. Investments with a high beta tend to carry more risk but have the potential to deliver higher returns.

How do I compare the investment product with its peers?

For a full quantitative report on JPMorgan Glb Rsrch Enhncd Idx Eq Fd and its peer investments, you can click here for the Peer Investment Report.

How do I compare the JPMorgan Glb Rsrch Enhncd Idx Eq Fd with the Developed -World Index?

For a full quantitative report on JPMorgan Glb Rsrch Enhncd Idx Eq Fd compared to the Developed -World Index, you can click here.

Can I sort and compare the JPMorgan Glb Rsrch Enhncd Idx Eq Fd to do my own analysis?

To sort and compare the JPMorgan Glb Rsrch Enhncd Idx Eq Fd financial metrics, please refer to the table above.

Has the JPMorgan Glb Rsrch Enhncd Idx Eq Fd been independently verified by SMSF Mate?

This investment product is in the process of being independently verified by SMSF Mate. Once we have verified the investment product, you will be able to find more information here.

How can I invest in JPMorgan Glb Rsrch Enhncd Idx Eq Fd?

If you or your self managed super fund would like to invest in the JPMorgan Glb Rsrch Enhncd Idx Eq Fd please contact via phone or via email .

How do I get in contact with the JPMorgan Glb Rsrch Enhncd Idx Eq Fd?

If you would like to get in contact with the JPMorgan Glb Rsrch Enhncd Idx Eq Fd manager, please call .

Comments from SMSF Mates

SMSF Mate does not receive commissions or kickbacks from the JPMorgan Glb Rsrch Enhncd Idx Eq Fd. All data and commentary for this fund is provided free of charge for our readers general information.

Historical Performance Commentary

Performance Commentary - October 31, 2022

•Stock selection was positive in 8 of the 19 sectors in our internal sector classification scheme this month.
•An overweight position in Netflix, an online subscription streaming service and production company, contributed to performance over the period. The company reported solid quarterly returns ahead of consensus estimates and guided to increased subscriber and revenue growth opportunities on the back of the ad-supported option launch in November.
•Not holding Amgen, an American multinational biopharmaceutical company, detracted from relative returns over the month. The company reported results ahead of consensus expectations, which were largely driven by its mature product Enbrel and good cost control.

Performance Commentary - September 30, 2022

•Stock selection was the primary driver of performance and was positive in 10 of the 19 sectors in our internal sector classification scheme this quarter.

•An overweight position in Deere & Company, a US-based agricultural heavy machinery and equipment manufacturer, contributed to returns. The company reported third-quarter earnings results that missed market expectations. This was due to weaker margins, with supply chains being cited as the major issue. That said, the demand picture is still solid as farmers’ income remains robust and is expected to remain so throughout 2023.

•An overweight position in Seagate Technology, a US-based data storage company, detracted from returns. The company downgraded its earnings estimates based on weaker economic trends in certain Asian regions, which have amplified customer inventory corrections and supply-chain disruptions. It also cited observing more cautious buying behaviour among global enterprises and certain US-based cloud customers amid ongoing macroeconomic uncertainties.

Performance Commentary - July 31, 2022

•Stock selection was the primary driver of performance and was positive in 12 of the 19 sectors in our internal sector classification scheme this month.
•An overweight position in Amazon, the US online retailer and technology company, contributed to performance over the month. Shares rose strongly as reported revenue and earnings came in ahead of expectations. Despite concerns over the macro environment, the company is not seeing any negative impact on its business.
•An overweight position in AbbVie, the US-based pharmaceutical company, detracted from performance over the month. Even as the company reported quarterly earnings in line with expectations, shares declined on forecasts of a “potential settlement” of litigation over a business unit’s past sales of opioid drugs.

Performance Commentary - June 30, 2022

To achieve a long-term return in excess of the benchmark by investing primarily in a portfolio of companies, globally. The risk characteristics of the portfolio of securities held by the Underlying Sub-Fund will resemble the risk characterics of the portfolio of securities held in the Benchmark.

Concerns around inflation remain at the centre of market volatility. The recent weakness in consumer sentiment could translate into sluggish consumer spending, affecting wholesale and retail sales in the months ahead.

• While a recession might not be deep, weakness in the economy could linger and a sluggish economic recovery would erode inflation pressures and wage growth. If the post-pandemic surge in demand fades and higher prices start to deter new spending, central banks may adopt a more gradual policy normalisation, compared with the hawkish rhetoric seen in the first half of 2022. • While short-term risks remain, equity markets have already repriced significantly this year, reflecting some risks of a recession.

While we would not be surprised to see a few occasional bouts of volatility, we believe equity markets could now offer an attractive entry point to the long-term investor. • The fund remains broadly region-, sector- and style-neutral versus the benchmark. Our focus is on identifying attractive stocks within each sector, in each region, to generate incremental excess returns over time. Our process is currently pointing towards above-average levels of these stock opportunities in the marketplace.

Performance Commentary - May 31, 2022

• Stock selection was positive in nine of the 19 sectors in our internal sector classification scheme this month.

• An overweight position in NXP Semiconductors, a Dutch semiconductor designer and manufacturer, contributed to relative returns over the month. The stock price rose as the company reported record sales and earnings that came in ahead of expectations. Investor sentiment was buoyed by management’s anticipation for robust customer demand for the next quarter given companyspecific accelerated growth drivers. • Our overweight position in Prologis, an American real estate investment trust, detracted from relative performance over the month. The stock came under pressure as Amazon, one of its largest clients, stated that it would be focusing more on efficiency than on increasing physical and staffing capacity, which sent the stock into a tailspin

Performance Commentary - April 30, 2022

Stock selection was the primary driver of performance and was positive in 12 of the 19 sectors in our internal sector classification scheme this month.

• Our overweight position in Mastercard, the US-listed global payments company, contributed to performance over the period. The company is performing well, as spending in credit versus debit is accelerating and overall spending is rising as the world exits Covid-related lockdowns. This was reflected in Mastercard’s results, which highlighted revenues up 24% and cross-border volumes up 50% year on year.

• An overweight position in NextEra Energy, a US utility company, detracted from performance. The company reported solid quarterly results ahead of consensus expectations. However, the market reacted to the supply challenges associated with solar panel procurement, which will mean solar and storage development will fall short of prior expectations for both 2022 and 2023

Performance Commentary - December 31, 2021

• Stock selection was the primary driver of performance and was positive in 11 of the 19 sectors in our internal sector classification scheme this month.

• An overweight position in AMD, an American multinational semiconductor company, contributed to relative returns. The stock rallied as the company announced that it had gained Meta Platforms as a data centre chip customer and unveiled plans for introducing a range of new chips that would help them to gain a significant share in supercomputing markets. The stock further gained as the company delivered solid third-quarter results, buoyed by strong sales and margin expansion across its business lines.

• Our underweight position in Pfizer, the American multinational pharmaceutical and biotechnology corporation, detracted from relative returns over the month. The stock rose as the company had a potential breakthrough with a possible new pill to fight Covid-19. Furthermore, the US FDA authorised booster shots as protection against new variants, thereby benefitting the company with a longer sales opportunity

Kind words from Aussies managing
their own self funded futures

  • SMSF Mate is a unique website because it has ideas about how to approach SMSFs, insurance and other financial topics that come straight from first hand experience. It's much more useful than what you find on all the other financial websites that just offer generic info that you could easily get on the ATO's website. It's also nice to know there's no financial incentive behind the information, it's legitimately there to help people understand self-managed super funds and how to get the most out of them, not to get an affiliate commission from a broker or other financial services provider. The investment product information is also incredibly useful, I've never seen this kind of functionality on any other website that let's you look at such a wide range of products, sort by what info is most interesting or important to you, and subscribe to updates for different funds and financial products all in one place. Definitely worth checking out if you own or are considering an SMSF!

    David G, Self-Employed, SMSF Owner
  • SMSF Mate provides a unique insight into superannuation and financial topics in a way that is easier to understand than conventional websites. The colloquial nature of the site makes it easy to understand and they often speak about complicated topics in lamens terms so I can wrap my head around them. The investment product information is a great way to research funds that I am interested in investing in with my SMSF and there is a lot of helpful information on the site for better structuring my investment portfolio. In comparison to other websites which offer similar information, SMSF Mate excels as the information is free to access whereas many other sites charge a subscription fee for the same thing. Overall, I think SMSF Mate is a great resource for SMSF trustees and is worth looking at for a variety of super-related topics. Thanks.

    Tim B, Business Owner, SMSF Trustee