Investment Trusts

JPMorgan US Smaller Companies Investment Trust

JUSC:LSE

JPMorgan US Smaller Companies Investment Trust

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  • Price (GBX)298.09
  • Today's Change-0.409 / -0.14%
  • Shares traded34.72k
  • 1 Year change-9.39%
  • Beta1.5928
Data delayed at least 20 minutes, as of Sep 18 2020 14:34 BST.
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Profile data is unavailable for this security.

About the company

JPMorgan US Smaller Companies Investment Trust plc is a United Kingdom-based investment trust. The Company's objective is to achieve capital growth from investing in the United States smaller companies. The Company invests in a diversified portfolio. The Company's investments include financial services, consumer discretionary, producer durables, healthcare, materials and processing, technology, consumer staples, oils and other energy, and liquidity funds. The Company focuses on owning equity stakes in the companies that trade at a discount to their intrinsic value. The Company is managed by J.P. Morgan's United States small cap growth investment team. The Company employs JPMorgan Funds Limited (JPMF) as its alternative investment fund manager. JPMF delegates the management of the Company's portfolio to JPMorgan Asset Management (JPMAM).

  • Revenue in GBP (TTM)-119.00k
  • Net income in GBP-3.06m
  • Incorporated1955
  • Employees0.00
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Profile

Management group(s)--
AIC sectorNorth American Smaller Companies
ISINGB00BJL5F346
Launch date12 Jan 1982
Share typeOrdinary Share
Structure--
Base currencyGBP

Objective

To achieve long-term capital growth from investing in US micro-cap companies. A bottom-up approach will be taken and the Fund will target companies that have a sustainable competitive advantage, run by competent management teams who have a track record of success and are good stewards of capital; and to focus on owning equity stakes in businesses that trade at a discount to their intrinsic value.

Managed by

Don San Jose, Daniel J. Percella, Jon Brachle

Management & contract fees

Management fee of 0.9% p.a. of first GBP 100m of Gross Assets; 0.75% p.a. in excess of GBP 100m of Gross Assets. Contract terninable on notice period of 6 months.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Ecofin Global Utlts Infrstrctr Trst PLC3.06m-71.00k158.97m0.00--1.15--52.04-0.0008-0.00080.03331.460.02--3.94---0.0465---0.0517--45.70---2.32------0.0645--300.39--471.75------
Keystone Investment Trust plc-53.98m-62.59m161.80m0.00--1.06-----0.9421-0.9421-0.80432.44-0.229-------26.553.35-28.013.37--72.73--69.38----0.11980.85112.51-30.20240.81-42.25--2.09
Tufton Oceanic Assets Ltd14.00m12.34m162.28m--10.330.8314--11.590.07990.07990.08550.99230.0852--273.02--7.50--7.52--88.85--88.12------0.00--410.51--400.10------
Schroder UK Mid & Small Cap Fund plc-48.95m-51.09m162.71m0.00--1.07-----1.45-1.45-1.374.35-0.2413-------25.197.32-26.007.41--91.55--88.81----0.0031.91-47.68-20.59-59.60-26.03--16.83
Schroder Income Growth Fund PLC-2.25m-4.54m163.62m0.00--0.8584-----0.0661-0.0661-0.03272.76-0.0101-------2.034.75-2.315.12--84.67--81.65----0.0072.37-118.41---148.88----4.19
Henderson Diversified Income Trust PLC6.73m4.78m164.92m0.0034.071.01--24.510.02530.02530.03540.850.0353--1.48--2.50--2.92--77.20--70.97------0.1671---25.14---33.38------
Schroder Real Estate Investment Trst Ltd23.49m-32.46m165.30m0.00--0.5364--7.04-0.0626-0.06260.04530.59750.0485--14.54---6.703.13-6.813.1890.4391.24-138.1660.53--0.75180.297376.54-11.74-0.5839-304.13-----5.57
Amati AIM VCT PLC18.29m15.52m166.85m0.009.001.01--9.120.17390.17390.20441.560.134--117.63--11.377.6311.447.6887.2781.6984.8276.78----0.0078.37227.53--193.07----4.40
Henderson High Income Trust plc-20.14m-23.56m170.71m0.00--0.8479-----0.1832-0.1832-0.15661.57-0.0738-------8.645.88-9.856.76--85.60--83.19----0.089770.37282.3827.91254.5332.51--2.65
Baronsmead Second Venture Trust PLC-13.39m-18.39m174.45m0.00--1.06-----0.0776-0.0776-0.05750.6644-0.076-------10.44---10.52--------------0.00---168.89---251.30------
JPMorgan US Smaller Co Inv Trust PLC-119.00k-3.06m174.47m0.00--0.9226-----0.0499-0.0499-0.0023.24-0.0006-------1.4711.79-1.6112.96--91.07--87.33----0.004.54757.9127.33509.4929.22----
VPC Specialty Lending Investments PLC47.90m25.46m174.65m--7.990.6851--3.650.07680.07680.14360.89620.1201--16.33--6.43--6.56--77.00--53.53----5.320.277--11.58---11.01------
UK Mortgages Ltd43.76m7.26m181.80m0.0025.770.845--4.150.02660.02660.16030.81060.0306--2.27--0.5068--0.633--30.88--16.58------0.8569--56.01--19.89------
Anglo Pacific Group plc42.25m-12.50m185.39m11.00--0.8543--4.39-0.0692-0.06920.23391.190.1401--6.483,840,727.00-4.155.86-4.245.97--89.82-29.5942.47--0.640.172468.9320.8774.130.7016--23.77-6.52
City Merchants High Yield Trust Ltd4.99m3.02m186.19m0.0057.121.00--37.310.0320.0320.04991.820.0257--3.17--1.555.101.635.1372.4287.2460.6082.71----0.0665106.57626.5123.68450.1926.95--0.00
BMO Private Equity Trust PLC14.74m8.66m190.03m0.0021.940.6685--12.890.11720.11720.19943.840.0443--614.33--2.6010.232.8210.7064.8683.1358.7580.99----0.185933.97-6.429.76-7.6916.03----
Data as of Sep 18 2020. Currency figures normalised to JPMorgan US Smaller Companies Investment Trust's reporting currency: UK Pound GBX

Institutional shareholders

45.06%Per cent of shares held by top holders
HolderShares% Held
Hargreaves Lansdown Stockbrokers Ltd.as of 01 Sep 20204.90m8.38%
Rathbone Investment Management Ltd.as of 31 Dec 20194.04m6.91%
The Share Centre Ltd.as of 01 Sep 20203.90m6.67%
JPMorgan Asset Management (UK) Ltd.as of 09 Jan 20202.90m4.96%
Brewin Dolphin Ltd.as of 31 Dec 20192.78m4.75%
West Yorkshire Pension Fundas of 01 Sep 20202.60m4.45%
Hargreaves Lansdown Asset Management Ltd.as of 01 Sep 20202.29m3.92%
Schroder Investment Management Ltd.as of 01 Sep 20201.07m1.82%
Investec Wealth & Investment Ltd.as of 01 Sep 2020977.00k1.67%
Legal & General Investment Management Ltd.as of 01 Sep 2020888.00k1.52%
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Data from 29 May 2020 - 02 Sep 2020Source: FactSet Research Systems Inc.
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