Interim Management Statement

RNS Number : 3193S

JPMorgan American IT PLC

17 November 2011

 



JPMorgan American Investment Trust plc

Interim Management Statement (unaudited)

For the three months ended 30th September 2011

This interim management statement relates to the quarter from 1st July 2011 to 30th September 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	0.1%	-10.9%	8.0%	37.5%	33.4%	34.2%
Net asset value	-2.1%	-12.1%	4.3%	19.5%	18.3%	29.5%
Benchmark	-2.8%	-11.3%	2.0%	17.5%	11.1%	20.2%

* total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 16th November 2011	As at 30th September 2011	As at 30th June 2011
Total assets	£435.3m	£407.9m	£450.3m
Share price	833.5p	793.0p	890.0p
Net asset value	820.7p	777.5p	886.2p
Discount (-) /Premium	-1.6%	2.0%	0.4%
Gearing	100.5%	94.7%	97.9%

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 during the quarter.

Material transactions

Changes to share capital:      

	Ordinary Shares of 25p
Shares in issue as at 1st July 2011	44,904,047
Shares bought back and cancelled	-
Shares issued - new	700,000
As at 30th September 2011	45,604,047

Portfolio Analyses

Top ten holdings as at 30th September 2011

Stock name	Sector	Weight %
Exxon Mobil Apple Microsoft IBM Merck & Co Proctor & Gamble Pfizer United Technologies Berkshire Hathaway Centurytel	Energy Information Technology Information Technology Information Technology Health Care Consumer Staples Health Care Industrials Financials Telecommunication Services	4.2 3.2 3.0 3.0 2.1 2.0 1.9 1.9 1.8 1.7

Sector analysis as at 30th September 2011

Sector	30th September 2011 %	30th June 2011 %
Information Technology Health Care Energy Consumer Staples Financials Consumer Discretionary Industrials Telecommunication Services Utilities Materials Cash	17.0 13.9 10.1 9.6 9.2 7.3 7.0 3.6 1.8 1.1 19.4	15.9 13.8 13.4 8.7 11.7 7.6 8.7 3.4 1.5 2.4 12.9
Total	100.0	100.0

Asset analysis as at 30th September 2011

	30th September 2011  %
Large companies	77.5
Small companies	3.0
Micro Cap	0.0
Unquoted investments	0.2
Cash & liquidity	18.5
Unrealised hedge value	0.8
Total	100.0

By order of the Board

Andrew Norman, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

17th November 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.

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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