JPMorgan American Investment Trust Plc · LSE:JAM
JPMorgan American Investment Trust — Shareholder Meeting (May 2025)
18 slides from JPMorgan American Investment Trust's shareholder meeting presentation, May 2025
Slide 1: JPMorgan American Investment Trust plc (JAM)
May 2025 JPMorgan American Investment Trust plc (JAM) This is a marketing communication. Please refer to the legal documents and the KID before making any final investment decisions.
Slide 2: Summary of Results – 2024
Summary of Results – 2024 JPMorgan American Investment Trust (JAM) As of 31 December 2024 FY 2024 JPM American IT share price1 +32.6% JPM American IT net asset value2 +30.6% S&P 500 Index Net (£)3 +27.0% NAV Excess return4 +3.6% Dividend per share5 11.00p Gearing at 31 December 20246 2.8% Past perfo
Slide 3: Performance attribution – 2024
Performance attribution – 2024 JPMorgan American Investment Trust (JAM) For the 1 year period ending 31 December 2024 1 Stock: 5.23% Attribution summary Sector: -1.64% Benchmark S&P 500 Index Sector attribution (%) 2.0 1.3 1.0 0.8 0.7 0.7 0.6 0.6 0.2 0.0 0.0 0.0 -0.3 -1.0 -0.9 -2.0 Energy Health Fin
Slide 4: Performance
Performance JPMorgan American Investment Trust Trust size GBP 1,935m As of 31 March 2025 Annualised performance in GBP (%) Q1 One Three Five Since PM Ten 2025 Year Years Years Change* Years JPM American IT – NAV -8.39 4.49 10.15 21.31 15.85 14.48 S&P 500 -7.16 5.73 9.54 17.37 14.08 13.78 Arithmetic
Slide 5: Performance attribution – Q1 2025
Performance attribution – Q1 2025 JPMorgan American Investment Trust (JAM) For the 3 month period ending 31 March 2025 1 Stock: -1.63% Attribution summary Sector: 0.64% Benchmark S&P 500 Index Sector attribution (%) 1.0 0.8 0.5 0.2 0.1 0.0 0.0 0.0 0.0 -0.1 -0.3 -0.5 -0.5 -0.5 -0.8 -1.0 Consumer Fina
Slide 6: Asset allocation
Asset allocation As of 31 March 2025 31-Mar-25 31-Dec 24 30-Sep 24 30-Jun-24 31-Mar-24 31-Dec-23 30-Sep-23 30-Jun-23 31-Mar-23 31-Dec-22 Large Cap Portfolio 93.8% 93.0% 93.4% 93.5% 92.5% 91.5% 90.6% 90.9% 91.8% 90.4% Small Cap Portfolio 5.5% 5.9% 5.9% 5.7% 6.2% 6.5% 6.7% 7.0% 7.0% 7.2% Liquidity 0.7
Slide 7: Current positioning
Current positioning JPMorgan American Investment Trust (JAM) As of 31 March 2025 Benchmark S&P 500 Index Active and absolute sector positions Portfolio weight (%) 30 24.8 25 20 17.9 15 13.8 11.1 10 6.9 6.4 6.3 5 4.1 3.9 2.6 2.0 0 Information Financials Consumer Health Industrials Communication Energ
Slide 8: Portfolio positions
Portfolio positions JPMorgan American Investment Trust (JAM) As of 31 March 2025 Benchmark S&P 500 Index Portfolio Portfolio Benchmark Relative Top 10 Holdings Top 5 overweights¹ weight (%) weight (%) weight(%) position (%) Microsoft 5.98 Kinder Morgan 3.37 0.12 3.25 Loews 3.26 0.03 3.23 Amazon.com
Slide 9: Summary
Summary As of 31 March 2025 Value and Empowering value and growth specialists broadens the opportunity set and Growth results in a unique portfolio Flexibility to add to small cap growth exposure as well as gearing when the Flexibility opportunity is favorable Positioning Balanced approach with a fo
Slide 10: Investment objective and main risks
Investment objective and main risks Risk information Exchange rate changes may cause the value of underlying overseas investments to go down as well as up. External factors may cause an entire asset class to decline in value. Investment objective and policy Prices and values of all shares or all bon
Slide 11: JPMorgan
10 A JPMorgan ASSET MANAGEMENT
Slide 12: Appendix
Appendix JPMorgan "1 ASSET MANAGEMENT
Slide 13: Portfolio holdings
Portfolio holdings Large Cap Portfolio As of 31 March 2025 Information Consumer Communication Consumer Financials Health Care Energy Industrials Real Estate Materials Utilities Technology Discretionary Services Staples 25.0% (-4.7%)* 18.3% (3.6%)* 13.8% (3.5%)* 10.8% (-0.4%)* 6.6% (-2.6%)* 6.4% (2.8
Slide 14: Portfolio characteristics
Portfolio characteristics JPMorgan American Investment Trust plc Benchmark S&P 500 Index As of 31 March 2025 Characteristics Portfolio Benchmark BARRA tilts relative to benchmark Weighted Average Market Cap USD 729.1bn USD 841.7bn Price / Earnings, 12-mth fwd1 20.3x 19.5x VALUE 0.11 Price / Free Cas
Slide 15: JPMorgan American Investment Trust plc: 3 year NAV and Share Price
JPMorgan American Investment Trust plc: 3 year NAV and Share Price As of 31 March 2025 JPM American Investment Trust plc – 3 year NAV and Share Price Net Asset Value Last Price 1400 1200 1022 4.0% 1000 Discount 981 800 600 400 200 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
Slide 16: Biographies
Biographies Jack Caffrey Managing Director Is a portfolio manager in the U.S. Equity Group. Jack has been managing the Focused Dividend Growth strategy since the inception of the offering. Before assuming this role in 2010, Jack was a Private Bank Equity Strategist for nine years making recommendati
Slide 17: Biographies
Biographies Eytan M. Shapiro Managing Director CIO of the Growth and Small Cap US Equity Team. A member of the team since 1992, Eytan is also the portfolio manager for the J.P. Morgan Small Cap Growth Strategy. Additionally, Eytan serves as a co-portfolio manager on the J.P. Morgan Small Cap Blend S
Slide 18: J.P. Morgan Asset Management
J.P. Morgan Asset Management For Professional Clients only – not for Retail use or distribution This is a marketing communication and as such the views contained herein do not form part of an offer, nor are they to be taken as advice or a recommendation, to buy or sell any investment or interest the
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