Interim Management Statement

RNS Number : 2811E

JPMorgan Mid Cap Invest Trust PLC

08 May 2013

 



JPMorgan Mid Cap Investment Trust plc

Interim Management Statement

For the three months ended 31st March 2013

This interim management statement relates to the quarter from 1st January 2013 to 31st March 2013 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	4.8%	19.8%	35.7%	67.3%	37.6%	309.3%
Net asset value	5.6%	21.6%	34.3%	57.2%	32.2%	297.8%
Benchmark	2.0%	13.5%	26.0%	52.6%	67.9%	392.0%

* Total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 31st March 2013	As at 6th May 2013
Total assets	£183.8m	£187.9m
Share price	576.0p	606.0p
Net asset value	682.5p	699.8p
Discount	15.6%	13.4%
Gearing	10.0%	10.2%

Share prices shown are closing bid

Net asset values are shown cum income 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 January 2013 (excluding shares held in Treasury)	23,997,180
Shares held in Treasury as at 1st July 2011	1,400,900
Shares bought back and cancelled Shares bought back into Treasury Shares issued - from Treasury Shares issued -  new	- - -
Shares in issue at 31st March 2013 (excluding shares held in Treasury) Shares held in Treasury as at 31st March 2013	23,997,180 1,400,900

The company has not bought back and cancelled, or issued any shares since the end of the quarter.

Portfolio Analyses

Top ten holdings as at 31st March 2013

Stock name	Sector	Weight %
Ashtead	Industrials	4.9
Easyjet	Consumer Services	3.3
Taylor Wimpey	Consumer Goods	3.1
Barratt Developments	Consumer Goods	2.9
International Personal Finance	Financials	2.6
TalkTalk Telecom	Telecommunications	2.6
William Hill	Consumer Services	2.4
Sports Direct International	Consumer Services	2.4
Micro Focus International	Technology	2.3
Persimmon	Consumer Goods	2.3

Sector analysis as at 31st March 2013

	Portfolio %
Consumer Services	24.2
Financials	20.8
Industrials	19.2
Consumer Goods	11.4
Technology	8.5
Telecommunications	6.6
Oil & Gas	4.9
Basic Materials	3.6
Utilities	0.0
Health Care	0.0
Cash	0.8
Total	100.00

By order of the Board

Alison Vincent, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

8th May 2013

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.jpmmidcap.co.uk 

 

END

 

 

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