Interim Management Statement

RNS Number : 4633W

JPMorgan Mid Cap Invest Trust PLC

18 November 2010

 



JPMorgan Mid Cap Investment Trust plc

Interim Management Statement

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	4.9%	14.0%	14.3%	-22.8%	14.4%	29.8%
Net asset value	7.7%	14.3%	16.3%	-22.6%	13.2%	29.5%
Benchmark	7.8%	13.9%	18.5%	6.0%	55.1%	121.1%

* total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 30th September 2010	As at 17th November 2010
Total assets	£131.5m	£138.5m
Share price	404.0p	426.5p
Net asset value	479.4p	489.7p
Discount	15.7%	12.9%
Gearing	107.1%	110.0%

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.

Material transactions

Changes to share capital

	Ordinary Shares of 25p
Shares in issue as at 1st July 2010 (excluding shares held in Treasury)	26,132,180
Shares held in Treasury as at 1st July 2010	1,045,500
Shares bought back and cancelled Shares bought back into Treasury Shares issued - from Treasury Shares issued -  new	- - - -
Shares in issue at 30th September 2010 (excluding shares held in Treasury)	26,132,180

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

Portfolio

Top ten holdings as at 30th September 2010

Stock name	Sector	Weight %
FirstGroup	Consumer Services	2.9
Misys	Technology	2.7
Pennon	Utilities	2.7
Premier Oil	Oil & Gas	2.6
ITV	Consumer Services	2.6
Drax	Utilities	2.6
Imagination Technology	Technology	2.5
Cable & Wireless	Telecommunications	2.2
Cable & Wireless Worldwide	Telecommunications	2.1
Jardine Lloyd Thompson	Financials	2.1

Sector analysis as at 30th September 2010

	Portfolio %
Consumer Services	21.1
Industrials	20.6
Financials	17.5
Consumer Goods	8.7
Technology	8.1
Utilities	6.4
Basic Materials	5.1
Telecommunications	4.8
Oil & Gas	4.5
Health Care	2.5
Cash	0.7
Total	100.00

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.jpmmidcap.co.uk 

 

END

 

 

IMSLLFLDLTLTLII