Jupiter Monthly Alternative Income Inc

Trade now

Quick Stats

Bid Price - Offer Price -
Mid Price GBX 30.98 Day Change GBX +0.02 (0.06%)
Price Date 22 May 2019 Crown Rating 5
Shares Class Inc. Yield 4.40 %
Total Expense Ratio 1.73 Fund Size 225,184,339.00
Launch Date 01/03/2000 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 1.50 Sector IMA UK Equity Income
Min Investment (£) 5,000.00 Total Expense Ratio (%) 1.73
ISIN GB0009500207 Min TopUp (£) 50.00
Ongoing Charge (%) 1.7000 Ongoing Charge Date 30/04/2019

Fund Objective

The objective of the Fund is to achieve a high level of sustainable income with prospects of capital growth. The Fund aims to achieve its investment objective by investing at least 70% of its Net Asset Value in UK-listed closed-ended funds including investment trusts. The Fund may also invest in cash and near cash, money market instruments, other investment funds (which may include those managed or operated by the Manager or an associate of the Manager) and deposits.With effect from 19.03.2019 this fund changed its Fund Objective, Investment Policy and fund name from Jupiter Monthly Income to Jupiter Monthly Alternative Income Fund.

Fund Managers

Richard Curling

Richard joined Jupiter in 2006 and is a fund manager in the UK Growth team. He manages the Jupiter Fund of Investment Trusts, the Jupiter Monthly Income Fund and the Jupiter UK Alpha Fund (all Unit Trusts). Before joining Jupiter, Richard worked originally for Morgan Grenfell as manager of the UK Pensions and Income Funds, prior to its acquisition by Deutsche Bank where he was appointed managing director and head of Small Caps. In this position, held for more than 10 years, Richard was responsible for managing the UK and European Small Cap team and running Small Cap equity mandates. Between 1996 and 2003, he was also head of Global Small Caps and responsible for the Global/EAFE Small Cap product. Richard has a degree from Edinburgh University and is an Associate of the Society of Investment Analysts.

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

Name Weight
SCHRODER ORIENTAL INCOME 2.57%
EUROPEAN ASSETS TRUST NV EUR0. 2.55%
RENEWABLES INFRASTRUCTURE GRP( 2.51%
BMO BMO UK HIGH INCOME TRUST P 2.43%
NB PRIVATE EQUITY PARTNERS LTD 2.37%
HIPGNOSIS SONGS FUND LTD CNV N 2.30%
SEQUOIA ECONOMIC INFRASTRUCTUR 2.29%
APAX GLOBAL ALPHA LIMITED ORD 2.25%
BIOPHARMA CREDIT 2.23%
PRINCESS PRIVATE EQUITY HLDGS 2.05%

Asset Breakdown

Name Weight
African Equity 1.03%
Canadian Equities 0.57%
Canadian Fixed Interest 0.17%
Dutch Equities 2.56%
Dutch Fixed Interest 0.10%
French Fixed Interest 0.10%
Indian Equities 0.01%
International Equities 24.38%
Irish Equities 1.30%
Luxembourg Equities 1.10%
Money Market 5.01%
North American Equities 1.86%
UK Equities 58.55%
UK Fixed Interest 3.28%

Region Breakdown

Name Weight
Bermuda 1.86%
Canada 0.74%
France 0.10%
India 0.01%
Ireland 1.30%
Luxembourg 1.10%
Mauritius 1.03%
Money Market 5.01%
Netherlands 2.65%
Not Specified 24.38%
UK 61.82%

Sector Breakdown

Name Weight
Financials 62.94%
Materials 0.53%
Money Market 5.01%
Others 31.52%