DISTRIBUTED BY DESIGNATED INSURANCE COMPANIES ONLY Asset Management Company of the Year – Fundamental Strategies, Asia3) JPMorgan Funds - China Fund SICAV Range June 2015 •• The Fund invests primarily in companies of the People’s Republic of China. •• The Fund is therefore exposed to emerging markets, concentration, smaller companies, single country, China market, QFII, liquidity, currency and equity risks. •• The Fund may at its discretion pay dividends out of capital. The Fund may also at its discretion pay dividends out of gross income while charging all or part of the Fund’s fees and expenses to the capital of the Fund, resulting in an increase in distributable amount for the payment of dividends and therefore, effectively paying dividends out of realised, unrealised capital gains or capital. Investors should note that, share classes of the Fund which pay dividends may distribute not only investment income, but also realised and unrealised capital gains or capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any dividend payments, irrespective of whether such payment is made up or effectively made up out of income, realised and unrealised capital gains or capital, may result in an immediate reduction of the net asset value per share. •• Investors may be subject to substantial losses. •• Investors should not solely rely on this document to make any investment decision. Investment objective PERFORMANCE FROM 31.03.05 TO 29.05.15 (in denominated currency) Fund manager Song Shen/Howard Wang, Hong Kong Launch date 31.03.05 Total fund size (m) USD 1,899.4 Denominated currency and NAV per unit 12 month NAV: High Low Current charge: Initial Redemption Management fee USD 38.28 USD 39.78 (26.05.15) USD 27.14 (04.06.14) 5.0% of NAV Nil 1.5% p.a. SEDOL/ISIN code B1FMZD5/LU0210526637 Bloomberg code JPCHAAU LX Statistical analysis 3 years 5 years Correlation 0.97 0.97 0.98 Alpha % -0.01 -0.15 -0.02 1.00 1.08 1.00 16.61 22.41 27.62 Annualised volatility % Sharpe ratio 1.07 0.33 0.45 Annualised tracking error % 4.34 5.46 4.88 17.90 7.58 14.11 Average annual return % 400 300 300 200 200 100 100 0 0 05 06 07 08 09 10 11 12 13 14 15 JPMorgan China A (acc) - USD MSCI China 10/40 Net Index1) (Since 01.08.08) -100 Cumulative performance % (in denominated currency) A (acc) - USD Class Benchmark1) 1 month 1 year 3 years 5 years Since launch -1.5 -3.7 +41.6 +36.5 +63.9 +65.0 +44.1 +54.9 +282.8 +298.5 Calendar year performance % (in denominated currency) A (acc) - USD Class Benchmark1) 2010 2011 2012 2013 2014 2015YTD +4.6 +4.5 -25.1 -18.4 +15.8 +23.0 +10.7 +3.7 +6.1 +8.4 +22.0 +21.6 PORTFOLIO ANALYSIS Since launch2) Beta 500 400 % CHANGE Portfolio information REBASED To provide long-term capital growth by investing primarily in companies of the People’s Republic of China. By country/region China Hong Kong Net Liquidity 96.4% 3.1% 0.5% By sector 0.5% 4.4% 5.5% 6.8% 8.1% 8.3% 10.7% 11.4% 44.3% Net Liquidity Materials Consumer Discretionary Energy Telecommunication Services Industrials Others Information Technology Financials Top five holdings (as at end April 2015) Holding Tencent Holdings Ltd. China Construction Bank Corporation Ping An Insurance (Group) Company of China, Ltd. China Merchants Bank Co., Ltd. China Petroleum & Chemical Corporation For more information, please contact your bank, financial adviser or visit www.jpmorganam.com.hk Sector Information Technology Financials Financials Financials Energy Country/region China China China China China % 8.5 8.3 7.7 4.3 3.6 Unless stated otherwise, all information as at the last valuation date of the previous month. Source: J.P. Morgan Asset Management/BNP Paribas/Thomson Reuters Datastream (NAV to NAV in denominated currency with income reinvested). Source of star rating: Morningstar, Inc. Any overweight in any investment holding exceeding the limit set out in the Investment Restrictions was due to market movements and will be rectified shortly. Top ten holdings is available upon request. It should be noted that due to the difference of the fund domiciles the valuation points used by Unit Trust range and SICAV range of funds for fair valuation (where applied) may vary. For details please refer to the respective offering document(s). 1)Dividends reinvested after deduction of withholding tax. Prior to 01.08.08, BNP Paribas China Price (Price change only, dividends not taken into account). 2)With the exception of the “Average annual return” figure, all data are calculated from the month end after inception. 3)Issued by the Asset Triple A Investor and Fund Management Awards 2014, reflecting performance of previous calendar year. Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document(s) for details, including the risk factors. This document has not been reviewed by the SFC. Issued by JPMorgan Funds (Asia) Limited.
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