JPMorgan Global Core JPM Glbl Core - JARU JPM Glbl Core - JARE - Fee Reduction

JPMorgan Global Core Real Assets

17/01/2022 07:00

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RNS Number : 5399Y  JPMorgan Global Core Real Assets Ld  17 January 2022

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

JPMORGAN GLOBAL CORE REAL ASSETS LIMITED

 

Fee Reduction

 

 

Legal Entity Identifier: 549300D8JHZTH6GI8F97

 

JPMorgan Global Core Real Assets Limited ("JARA" or "the Company") has
received a notification that one of the underlying strategies that it is
invested in has reduced its fees as a result of the strategy reaching a
certain threshold of assets under management ("AUM") and so is passing the
associated economies of scale onto its investors. JARA is delighted to be able
to pass this fee reduction, expected to be valid from 1 January 2022, onto its
investors. The benefit of this to JARA's overall management fee is detailed
below compared to the most recent fee mix as described in the 2021 annual
report.

 

JARA's Fee mix based on net assets

 

 JARA Size      Pre Fee reductioon as per 2021 annual report*  Post fee reduction*

 (Net Assets)

 £100m          0.97%                                          0.93%
 £300m          0.95%                                          0.91%
 £500m          0.90%                                          0.86%
 £1,000m        0.85%                                          0.81%

* Based on JARA's current strategic asset allocation

Calculation based on GBP/USD exchange rate: 1/1.35

 

At JARA's current net assets of c.£206m the fee based on JARA's current
strategic asset allocation would be 0.92%. To the extent JARA's allocation
differs from its strategic asset allocation this may impact the total fee
payable.

 

This is the third fee cut JARA has seen from its underlying strategies since
launch and shows the benefit of being able to invest into private vehicles
that provide scale, diversification and lower fees as they reach significant
AUM milestones. We view this fee cut as continuing to demonstrate the strength
of JARA's ability to access private institutional quality funds at an
attractive fee rate.

 

Company Information - Fee

 

The total overall management fee payable to JPMAM is the aggregate of the
management fee charged by the underlying strategies and the Company level
management fee calculated at the rate of 0.05 per cent per annum. but does not
include any performance fees charged by the underlying strategies.

 

17th January 2022

 

Alison Vincent

JPMorgan Funds Limited - Company Secretary

Telephone 0207 742 4000

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