Monthly Portfolio Update
Summary by AI BETAClose X
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN GLOBAL CORE REAL ASSETS LIMITED
("JARA" or the "Company")
MONTHLY PORTFOLIO UPDATE
Legal Entity Identifier: 549300D8JHZTH6GI8F97
Third Compulsory Partial Redemption of Shares (the "Redemption")
On 6th February 2026, the Company announced the details of the Redemption. In summary, the Company will return approximately £20.5 million to shareholders, which equates to circa 28.9% of the Company's current issued share capital. Payment was made to Shareholders on 19th February 2026.
Private Funds - Redemptions
As previously reported, redemption requests have been submitted in all of the Company's underlying strategies. The Board monitors the progress of these redemption orders on a regular basis with the Investment Management team. The Board has been notified that, based on the Investment Manager's latest estimates, it is expected that by the end of 2026 the Company will have realised and returned to Shareholders close to 85% of assets held as at 31st December 2024.
For the Company's remaining assets, which by the end of 2026 are likely to consist principally of a holding in the Real Estate Equity - US Strategy ("US Strategy"), there is a redemption queue. Redemptions from the US Strategy are subject to change; both timing and quantum can be influenced by subsequent redemption requests submitted by larger investors. While the Board has reasonable confidence in the redemptions envisaged in the current calendar year, the timetable for distributions from the US Strategy in 2027 is at present unclear. Until such time as redemptions are received by JARA from the underlying funds, all distributions are, and will continue to be, subject to revision.
Net Asset Value
The Company's unaudited net asset value ('NAV') as at 31st January 2026 was 93.21 pence per share (31st December 2025 NAV: 94.09 pence per share), a decrease of 0.9%. The Company's share price as at 31st January 2026 was 77.80 pence and the discount to NAV was 16.6%.
An analysis of the components of this NAV, and the relevant dates for their valuation, are provided below.
Strategies
|
Name |
Date of price for Strategy |
% of JARA's NAV as at 31st January 2026 |
|
Real Estate Equity - US |
31st December 2025 |
35.1% |
|
Real Estate Equity - Asia Pacific |
30th September 2025 |
27.7% |
|
Infrastructure |
31st December 2025 |
2.9% |
|
Transportation |
30th September 2025 |
0.8% |
|
Net current assets including cash* - held in Sterling |
31st January 2026 |
33.5% |
*principally monies to be returned under the Redemption
Exchange Rates
The GBP/USD exchange rate was 1.37225 as at 31st January 2026 (31st December 2025: 1.34505).
20th February 2026
For and on behalf of
JPMorgan Funds Limited - Company Secretary
E-mail: jpmam.investment.trusts@jpmorgan.com
Telephone: 0800 20 40 20 (or +44 1268 44 44 70)
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