Mercantile Investment Trust

Name
Mercantile Investment Trust
Manager
JP Morgan Investment Mgmt Inc
Type
Closed Ended Investment Company
ISIN
GB00BF4JDH58
Sector
UK All Companies
Launched
08/12/1884
OCF
0.47 %
Risk Rating
5
3 Year Sharpe
0.74
3 Year Alpha
0.19
Yield
2.4 %
Benchmark
FTSE Allsh Ex 100 Ex Invt Trust TR GBP
Fund Size
£ 1.54 billion
NAV
218
Gearing
101
Discount Premium
-12
To achieve long-term capital growth from a portfolio of UK medium and smaller companies and to provide long-term dividend growth at least in line with inflation.
Holding %
JPM Sterling Liquidity X (dist.) 5.00 %
100m 6.125% Secured Bond 2030 4.96 %
75m 6.125% Secured Bond 2030 3.74 %
Spirax-Sarco Engineering PLC 3.72 %
Bellway PLC 2.82 %
Intermediate Capital Group PLC 2.44 %
Hiscox Ltd 2.33 %
Phoenix Group Holdings 2.28 %
Auto Trader Group PLC 2.22 %
Beazley PLC 2.13 %
Region %
United Kingdom 97.89 %
Sector %
Industrials 25.38 %
Financial Services 21.26 %
Consumer Cyclical 19.58 %
Basic materials 9.82 %
Technology 9.53 %
Consumer Defensive 6.44 %
Real Estate 5.70 %
Name
JP Morgan Investment Mgmt Inc
Address
45236, Cincinnati, United States
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Guy Anderson
Joined 08/01/2012

Guy Anderson, executive director, is a portfolio manager within the Small/Mid Cap team of the J.P. Morgan Asset Management European Equity Group in London. An employee since 2012, Guy was previously an analyst at Breeden European Capital Management. Before this, Guy was an Investment analyst at Pendragon Capital Management Limited. Prior to this, Guy worked as a project manager in the Corporate and Investment Banking division at Oliver Wyman. He obtained an M.Eng (Hons) in Engineering from Oxford University. Guy is CFA charterholder.

Anthony Lynch
Joined 12/31/2009

Anthony Lynch, vice president,is a portfolio manager within the J.P. Morgan Asset Management European Equity Group and co-manages The Mercantile Investment Trust, specialising in smaller and mid-sized UK equities. Anthony joined in 2009, initially as an analyst, and now co-manages the Investment Trust. Prior to this he obtained a B.A. (Hons) in Economics from Durham University. He is a CFA charterholder.

Martin Hudson
Joined 01/01/1994

Martin Hudson, managing director, is a portfolio manager within the J.P. Morgan Asset Management European Equity Group, responsible for The Mercantile Investment Trust and specialising in smaller and mid-sized UK equities. An employee since 1982, he was previously an investment manager in the UK Portfolios Group, managing both the UK equity portfolio of the Fleming Fledgeling Investment Trust (now the JPMorgan US Smaller Companies Investment Trust) and segregated pension fund portfolios. Before this he was manager of the UK investment research department and previously was a building and property analyst. Prior to joining the firm, he worked on manufacturing and acquisitions for Blue Circle Industries. Martin obtained an M.A. in Natural Sciences from the University of Cambridge.

Data provided by Morningstar.

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