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FE Trustnet Investment trusts

Factsheet

JP Morgan European Smaller Companies Trust plc

Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ
020 7595 5869 (Fax Number)
0800 727 770 (Main Number)
www.jpmorganinvestmenttrusts.co.uk
client-enquiry@jpmorgan.com

*	Francesco Conte»	01-Apr-1990 to Present
*	Jim Campbell»	01-Apr-1990 to Present

To achieve capital growth from a diversified portfolio of smaller Continental European companies, excluding the United Kingdom.

Fund vs sector
	1y	3y
Position	3 / 4	3 / 4
Quartile	3	3

FE
Crown Rating
(Quantitative)

Ratios
	1y	3y
Volatility	18.59	23.56
Alpha	-7.24	-2.93
Beta	0.99	1.07
Sharpe	1.09	0.15
InfoRatio	-1.29	-0.33
R²	0.90	0.88
Quartiles: 1 2 3 4 vs. European Smaller Companies»

FE Risk Scores
Instrument	1y(%) Growth	FE Risk Score
JP Morgan European Smaller Companies Trust plc	43.9	132
European Smaller Companies	48.0	101
Cash	n/a	0
Compare this fund to its peers using FE Risk Scores>>
Learn more about using FE Risk Scores>>

	1y	3y	5y	12m-24m	24m-36m	36m-48m	48m-60m
JPMORGANEUROSMALLCO TST	+43.9	+36.9	+25.7	-33.6	+43.2	+27.6	-28.0
NAV	+43.2	+27.8	+21.2	-31.6	+30.5	+33.7	-29.0
European Smaller Companies	+48.0	+43.4	+26.8	-26.0	+30.9	+31.2	-32.6

Share Price
	Share	Type	Price	Date	Prem/Disc	Diluted NAV		Gearing	Div yield
	Share	Type	Price	Date	Prem/Disc	Estim	Last pub.	Gearing	Net	Gross
	JP MORGAN EUROPEAN SMALLER COMPANIES TRUST PLC	UNIT	869.50 (p)	17-May-2013	-14.94	1022.28	1022.10 16-May-2013	117	1.96	1.96

Capital structure & income
Share	Type	Exchange	Nominal value	Issued	Market value (m)	Wind-up date	Splits	News
JP MORGAN EUROPEAN SMALLER COMPANIES TRUST PLC	UNIT	LONDON	25	35,647,000	309.95	n/a	n/a
Share identifiers: TIDM: JESC; SEDOL: 0341969; ISIN: GB0003419693

Detailed fund information
Fund type	United Kingdom-registered Investment Trusts
Launched	1990
Gross assets	£427.3m / $649.5m
Sector	European Smaller Companies
Asset Class	Equity
Own ISA wrapper
Savings plan	Minimum: £ 50.0 Monthly
Annual accounts	(Click to order)
Last report / accounts	12-Jun-2012
Last AGM	18-Jul-2012
Next AGM	July 2013
EGM	n/a
Stockbroker(s)	Credit Lyonnais
Management contract	The investment manager and secretary is employed under a contract terminable on one years notice. The fee for their services is calculated and paid monthly in arrears, and is charged at a rate of 1.3% p.a. of the Company's market capitalisation. Funds managed or advised by JPMorgan Asset Management or any of its associated companies are excluded from the calculation and therefore attract no further fee.
Borrowing limit	Borrowing shall not to exceed the aggregate of the amount paid up on the share capital of the company and the total of the capital and revenue reserves of the group.
Continuation / Wind-up provision	The Company has an unlimited life. At the AGM held on 08-Jul-08, the company renewed the authority to repurchase up to 14.99% of its own shares for cancellation. The Company is also authorised to sell ordinary shares from treasury up to an aggregate amount equal to 10% of total issued share capital. Treasury Shares can be sold at a discount providing that the aggregate dilution in NAV as a result of this not be more than 0.5% over the course of the financial year.
Dividend policy	n/a
Investment restrictions	n/a
Reconstruction proposal	n/a
Settlement details	n/a
Tax policy	n/a

Peer groups
Region	Asset Class	Investment Focus	Sector
Europe Ex UK	Equity	Mixed	European Smaller Companies

Largest holdings, 31-Mar-2013
Holding	(%)	Rank	Holding	(%)	Rank
FREENET AG	3.10	1	TRELLEBORG AB	2.20	6
CLARIANT	2.60	2	NUTRECO NV	2.20	7
EUROFINS SCIENTIFIC	2.30	3	SBM OFFSHORE N.V.	2.20	8
FUCHS PETROLUB AG	2.20	4	PADDY POWER	2.20	9
UBISOFT ENTERTAINMENT	2.20	5	OUTOTEC OYJ	2.10	10
				Total	23.30

more history»

Regional weightings, 31-Mar-2013
Region	(%)	Rank
France	15.70	1
Italy	14.10	2
Germany	13.30	3
Netherlands	13.20	4
Switzerland	11.30	5
Sweden	8.30	6
Denmark	7.70	7
Finland	4.80	8
Cash	3.50	9
Ireland	2.80	10
Norway	2.30	11
Austria	1.00	12
Greece	0.90	13
Belgium	0.80	14
Spain	0.30	15
Total	100.00

more history»

Sector weightings, 31-Mar-2013
Sector	(%)	Rank
Industrials	23.70	1
Financials	16.90	2
Consumer Discretionary	15.00	3
Materials	11.20	4
Information Technology	10.30	5
Health Care	7.80	6
Energy	4.20	7
Telecommunication Services	3.60	8
Cash	3.50	9
Consumer Staples	3.00	10
Utilities	0.80	11
Total	100.00

more history»

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated using closing mid prices and with net income (dividends) reinvested. NAV total return performance figures are calculated using fully diluted (where applicable) daily estimated NAV figures from Thomson Financial Datastream and with gross income (dividends) reinvested.