JPMorgan Funds - USD Money Market VNAV Fund A Acc USD

JPM 摩根基金-美元浮動淨值貨幣基金A類 Acc 美元

LU0945454980

Risk Rating: Level 1

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating one (1) or two (2), these are mainly aimed at providing capital preservation for investors by investing primarily in money market instruments and, investment grade sovereign bonds etc. For more details, please refer to the Due Diligence section under the Procedures page.

Dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

0.25%

HKD10,000.00Min. Subscription

HKD / JPY / EUR / GBP / RMB / USD / NZD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

2019-11-27

  • Fund House requires the subscription payment well received before order placement. The turn around time for a remittance from Noble Apex to the relevant fund house is 2 to 3 working days.
*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+0.15%
3 mth
+0.44%
6 mth
+0.98%
1 yr
+2.11%
3 yr
+4.57%
5 yr
+4.81%

Analytical Figures (3 years)

Annualized Return
+1.50%
Annualized Volatility
+0.18%
Sharpe Ratio
-3.54

Fund Information

Fund Houses
JPMorgan Funds (Asia) Ltd.
Launch Date
2014-06-05
Fund Manager
Christopher M. Tufts
Doris Grillo
Manager Start Date
2014-06-06
2018-04-06
Geographical Focus
US
Asset Class/ Sector
Money Market
Risk Rating
Risk Level 1

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating one (1) or two (2), these are mainly aimed at providing capital preservation for investors by investing primarily in money market instruments and, investment grade sovereign bonds etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-11-18)
USD 583,883,143.79
Management Fee
0.25%
Latest Dividend
USD 0.010000 (2018-12-30)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

0.25%

HKD10,000.00Min. Subscription

HKD / JPY / EUR / GBP / RMB / USD / NZD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

2019-11-27

  • Fund House requires the subscription payment well received before order placement. The turn around time for a remittance from Noble Apex to the relevant fund house is 2 to 3 working days.

Dividend Records

Dividend DateDividend Records (USD)
2018-12-300.010000

Investment Objective

The Fund seeks to achieve a return in USD in line with prevailing money market rates whilst aiming to preserve capital consistent with such rates and to maintain a high degree of liquidity by investing in USD denominated short-term debt securities.
The Fund will invest all of its assets, excluding cash and cash equivalents, in USD denominated short-term debt securities. These debt securities may be rated by an independent rating agency or unrated. Short-term debt securities also include debt securities for which a long-term rating has been assigned by credit rating agencies with a remaining maturity not exceeding 397 days at the time of purchase.

Nature and Extent of Risks

Investment involves risk. Please refer to the offering document(s) for details, including the risk factors.
1. Risk related to money market fund
Investment in the Fund is not the same as placing funds on deposit with a bank or deposittaking institution. The management company has no obligation to redeem shares at the offer value and the Fund is not subject to the supervision of the Hong Kong Monetary Authority. As a result, investors may get back less than they originally invested.
2. Unrated debt securities of comparable credit quality risk
The credit worthiness of unrated debt securities is not measured by reference to an independent credit rating agency. The credit rating assigned by the Investment Manager does not guarantee the credit worthiness of the issuer and such credit rating may be downgraded. Decline in the credit quality of the issuer may adversely affect the valuation of the relevant unrated debt securities and the Fund.
3. Credit risk
If the issuer of any of the securities invested by the Fund defaults, the performance of the Fund will be negatively affected and the Fund could suffer substantial loss. The credit ratings assigned by credit rating agencies do not guarantee the creditworthiness of the issuer and may be downgraded. Decline in credit quality of the issuer may adversely affect the valuation of the relevant bonds and the Fund.
4. Interest rate risk
Interest rates in the countries in which the Fund’s assets will be invested may be subject to fluctuations. Any such fluctuations may have a direct effect on the income received by the Fund and its capital value. Bonds are particularly susceptible to interest rate changes and may experience significant price volatility. The prices of bonds generally increase when interest rates decline and decrease when interest rates rise. Longer term bonds are usually more sensitive to interest rate changes. As a result, investors may get back less than they originally invested.
5. Sovereign risk
The Fund may invest in debt securities (“Sovereign Debt”) issued or guaranteed by governments or their agencies (“governmental entities”). Governmental entities may default on their Sovereign Debt. Holders of Sovereign Debt, including a fund, may be requested to participate in the rescheduling of such debt and to extend further loans to governmental entities. There is no bankruptcy proceeding by which Sovereign Debt on which a governmental entity has defaulted may be collected in whole or in part. As a result, investors may get back less than they originally invested.
6. Currency risk
Non-USD denominated investors are exposed to currency risk as the Fund’s underlying assets are denominated in USD. As a result, investors may get back less than they originally invested.
7. Investment risk
The value of the Fund’s holdings may fall. Investors may be subject to substantial losses.

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Hotline

852
3896 3896

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09:00 - 18:00

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