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Contact details

ManagerGroupLogo
J.P. Morgan Asset Management, Finsbury Dials, 20, Finsbury Street, London, EC2Y 9AQ
080 072 7770 (Broker Line)
020 7742 9002 (Fax Number)
020 7638 5858 (Main Number)
080 020 4020 (Private Clients)

ifaenquiry@jpmorgan.com

Fund managers

* Neil Gregson, Plus Team01-Jan-2012 to Present
 
view    
Ian Henderson Plus Team»01-Oct-1992 to 31-Dec-2011


Investment objectives

To invest, primarily in the shares of, companies throughout the world engaged in the production and marketing of commodities. The Fund aims to provide capital growth over the long term.

Key Information

Fund vs sector

  1y 3y
Position 120 / 128 86 / 93
Quartile 4 4

Fund ratings

BronzeMstar OBSR
Analyst
(Qualitative)
n/aS&P Rating
(Qualitative)
FE Crown Rating: 3 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 20.34 25.35
Alpha -38.06 -18.55
Beta 2.22 2.27
Sharpe -0.06 -0.04
Info Ratio -2.20 -0.92
R2 0.68 0.76
Quartiles:   1  2  3  4   help with ratios
vs. Specialist»

FE Risk Scores

Instrument 1y(%) Growth FE Risk Score
JPM Natural Resources -13.6
190
Specialist 15.9
62
Cash n/a
0
Compare this fund to its peers using FE Risk Scores>>
Learn more about using FE Risk Scores>>
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC -13.6-32.3-33.5-32.0+15.3+60.0-38.7
  SPECIALIST   +15.9+16.7+21.2-8.1+9.5+29.1-19.5
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf JPM NATURAL RESOURCES B ACC ACC 69.86 (p) 17-May-2013 n/a 1.18% A9V7 B1YXDT1
pdf JPM NATURAL RESOURCES C ACC ACC 609.90 (p) 17-May-2013 n/a 0.93% GPUM B88MP08
pdf JPM NATURAL RESOURCES C INC INC 43.24 (p) 17-May-2013 n/a 0.93% GPUN B61M943
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf JPM NATURAL RESOURCES A INC INC 43.07 (p) 17-May-2013 n/a 1.68% A0G8 B1XMTQ8
pdf JPM NATURAL RESOURCES A ACC ACC 607.40 (p) 17-May-2013 n/a 1.68% SA20 3183511

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£1,159.4m / $1,762.3m (17-May-13)
Savings plan Fund has Savings Plan Minimum: £ 100.0 Monthly Launch01-Jun-1965
Pricing times12:00 Daily Dealing frequencyMonday-Friday
CAT standardCAT Standard Dealing timesMon-Fri 08:30 to 17:00
Minimum initial£ 1,000
Minimum additional£ 100
Initial charge3.00%
Annual management charge1.50%
Note to chargesInitial Charges: max.; Annual Management Charges: max.;
Trustee / DepositaryNational Westminster Bank plc
RegistrarJPMorgan Asset Management Marketing Limited
Multi-Managern/a
Indexn/a
Dividend policyFeb 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Global Commodity/Energy Agriculture, Energy, Gold, Industrial Metals, Mixed, Precious Metals Specialist
Largest holdings, 31-Mar-2013
Holding (%) Rank Fund factsheet Equity factsheet
RIO TINTO 5.40 1 - *
FREEPORT-MCMORAN COPPER & GOLD INC 4.60 2 - -
FIRST QUANTUM MINERALS 3.80 3 - -
XSTRATA PLC 3.60 4 - -
ANADARKO PETROLEUM CORP 3.00 5 - -
BHP BILLITON 2.80 6 - *
FORTESCUE METALS GROUP 2.40 7 - -
CANADIAN NATURAL RESOURCES 2.00 8 - -
AURORA OIL & GAS LTD 2.00 9 - -
LUNDIN MINING CORP 1.90 10 - -
Total31.50 
Regional weightings, 31-Mar-2013
Region(%)Rank 
Canada36.101 36.10% Canada
UK26.502 26.50% UK
Australia15.503 15.50% Australia
USA13.904 13.90% USA
Cash1.905 1.90% Cash
Sweden1.606 1.60% Sweden
Norway1.607 1.60% Norway
Kazakhstan1.408 1.40% Kazakhstan
Indonesia0.609 0.60% Indonesia
South Africa0.6010 0.60% South Africa
Russia0.2011 0.20% Russia
Hong Kong0.1012 0.10% Hong Kong
Total100.00 
Sector weightings, 31-Mar-2013
Sector(%)Rank 
Base Metal and Diversified38.001 38.00% Base Metal and Diversified
Energy29.002 29.00% Energy
Gold & Precious Metals24.803 24.80% Gold & Precious Metals
Diamonds and Others6.004 6.00% Diamonds and Others
Cash1.905 1.90% Cash
Soft Commodities0.306 0.30% Soft Commodities
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
 
 
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Kenneth Perry Mar 06th, 2013 at 03:44 PM

What is happening to this fund. It appears to be in free-full which is the opposite to world-wide markets. Can anyone suggest a reason why?

Reply
Nathan Heavens Mar 07th, 2013 at 02:23 PM

There is simply a global slow down in demand for raw materials and as a consequence Commodities are simply out of favour at the moment.

Reply
JiF Apr 18th, 2012 at 01:07 PM

What is the view of the recent news of Ian Henderson and Clive Lloyd joining this fund? My initial thoughts were positive, but is it a sign of panic?

Reply
julianjourdain Feb 04th, 2012 at 01:59 PM

This Fund class A Acc share price AM Fri 27 Jan. 2012 urgently needed to work out loss/gain on switch to ISA on PM same day repurchase at price 942.8p Plz can you help? JPM Natural Resources A Acc. T/y julianjourdain@aol.com

Reply
TOFT Jul 22nd, 2011 at 10:16 PM

Why are JPM investing 10% in Providence Services Corp? They are not a Natural Resources company!

Reply
Theo Mar 25th, 2011 at 10:45 PM

I think in the table headed "detailed fund information" above, you should show the TER and not the AMC which is misleading and useless.

Reply
MrManj Oct 21st, 2010 at 01:59 PM

Well personally i've nearly trebled my monies and need to spend some on my house so have sold up 80% of my JPM holdings. Besides i've got burned being greedy before. I have a separate holding in the Fidelity China focus fund and that money I plan to leave where it is because, as you say, I expect China to soar in the coming years.

Reply
gvwe Oct 07th, 2010 at 07:58 PM

I would urge patience. This is a commodity super cycle despite what all the pundits, that have mis- understood what is happening in the far- east, say. People should compare China and the rest of the far –east with what happened in the UK from 1780 to 1880. This is a modern Industrial revolution which is happening in 30 years not 100. China will be the most powerful economy in the world by 2040. This super cycle will probably end around 2017 ie so a comfortable time to exit for the low risk takers will be around 2014/15. natural resources should be around £2400 by then

Reply
MrManj Sep 20th, 2010 at 12:15 PM

Over £9 a unit now. Time to Sell!!

Reply
MrManj Mar 23rd, 2010 at 06:12 PM

I Bought in at £3.24 a unit and plan to get out at around £9 a unit. Never bought into some of the negativity being spouted a few months ago (seems to be a British pastime). Also put a substantial amount in China funds. Probably the best i returns i have ever seen, or maybe ever will see

Reply
neilfc Oct 13th, 2009 at 08:13 AM

Gold will always shine in troubled times and we are certainly in that now. Previous high in today's money was about 2000 per oz, so gold has the potential to double from here, taking other Natural resources higher too. Buy this fund and sit with a trailing stop loss

Reply
gvwe May 07th, 2009 at 10:58 AM

I think your perspective may change when the recession eases and the large money flows from quantative easing make their way into the money supply. This could provide a significant inflationary boost which will reflect in the price of gold and silver. In addition the current fiscal difficulties have resulted in many mining companies reducing investment even further. It takes 10 years for a mine to be developed and come on stream where would all the silver and gold come from if we see a significant increase in demand. I think you will see this price double in 2 years

Reply
croppyboy Jan 16th, 2009 at 01:25 PM

Gold has had its day. You can buy the UK's largest bank for a quid, I don't see how anyone can still believe there is money to be made in safe havens like this. Not saying those who've got shouldn't keep, but inflows into funds like this don't match their prospects in my opinion.

Reply
 

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Asset allocation

Commodity & Energy, 98.10%
98.1000% ofCommodity & Energy
Money Market, 1.90%
1.9000% ofMoney Market

FE Adviser Fund Index

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