MONTHLY PORTFOLIO UPDATE

By

Regulatory News | 07 Oct, 2024

Updated : 12:22

RNS Number : 0744H
JPMorgan Global Core Real Assets Ld
07 October 2024
 

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

JPMORGAN GLOBAL CORE REAL ASSETS LIMITED

 

MONTHLY PORTFOLIO UPDATE

 

 

Legal Entity Identifier: 549300D8JHZTH6GI8F97

 

JPMorgan Global Core Real Assets Limited (the "Company" or "JARA"), the diversified global infrastructure, transportation and real estate investment company, announces a portfolio update as at 30 September 2024.

 

Net Asset Value

 

The Company's unaudited net asset value ('NAV') as at 30 September 2024 is 88.85 pence per share (30 August 2024 NAV: 90.07 pence per share), a decrease of 1.4%. The depreciation of the US dollar against Pound sterling has adversely impacted our NAV performance by approximately 2%. The Company's share price as at 30 September 2024 was 78.00 pence and the discount to NAV was 12.2%.

 

An analysis of the components to this NAV and the relevant dates for their valuation is provided below.

 

Portfolio Strategies

 

Name

Date of price for Strategy

% of JARA's NAV as at 30 September 2024

Infrastructure

30 June 2024

21.0%

Transportation

30 June 2024

20.9%

Real Estate Equity

30 June 2024

33.0%

US Real Estate Debt

30 June 2024

7.5%

Liquid Strategy

30 September 2024

17.6%

 

Exchange Rates

 

The GBP/USD exchange rate was 1.34135 as at 30 September 2024 (30 August 2024: 1.31425).

 

7 October 2024

 

Emma Lamb

JPMorgan Funds Limited - Company Secretary

invtrusts.cosec@jpmorgan.com

Telephone 0800 20 40 20 (or +44 1268 44 44 70)

 

 

Notes

 

The Company aims to provide holders of the Ordinary Shares with a stable income and capital appreciation, measured on a constant currency basis, through exposure to a globally diversified portfolio of Core Real Assets in accordance with the Company's investment policy. The Company obtains exposure to Core Real Assets through various real asset strategies, namely: Global Infrastructure, Global Real Estate, Global Transport and Global Liquid Real Assets. J.P. Morgan's Alternative Solutions Group has the primary responsibility for managing the Company's portfolio.

 

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