JPMorgan American Investment Trust Plc · LSE:JAM
JPMorgan American Investment Trust — Investor Presentation (May 2026)
18 slides from JPMorgan American Investment Trust's investor presentation, May 2026
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: Overview
Overview Concentration Value and Growth Flexibility A concentrated approach Empowering value and growth Flexibility to add to small cap provides sharper focus specialists broadens the exposure when opportunity is and better insights opportunity set and results in favorable a unique portfolio 1
Slide 3: Asset allocation
Asset allocation As of 31 March 2026 31-Mar 26 31-Dec 25 30-Sep 25 30-Jun-25 31-Mar-25 31-Dec 24 30-Sep 24 30-Jun-24 31-Mar-24 31-Dec-23 Large Cap Portfolio 91.8% 93.7% 93.6% 94.0% 93.8% 93.0% 93.4% 93.5% 92.5% 91.5% Small Cap 7.4% 5.7% 5.5% 5.4% 5.5% 5.9% 5.9% 5.7% 6.2% 6.5% Portfolio Liquidity 0.8
Slide 4: Summary of Results – 2025
Summary of Results – 2025 JPMorgan American Investment Trust (JAM) As of 31 December 2025 FY 2025 JPM American IT share price1 +0.5% JPM American IT net asset value2 +4.6% S&P 500 Index Net (£)3 +9.6% NAV Excess return4 -5.0% Dividend per share5 11.5p Gearing at 31 December 20256 4.7% Past performan
Slide 5: Performance attribution – 2025
Performance attribution – 2025 JPMorgan American Investment Trust (JAM) Stock: -4.50% Attribution summary1 For the 1 year period ending 31 December 2025 Sector: -0.39% Benchmark S&P 500 Index Sector attribution (%) 3.0 2.0 1.1 1.0 0.0 0.0 -0.1 -0.2 -0.3 -0.3 -0.5 -0.7 -1.0 -0.7 -1.0 -2.0 -2.2 -3.0 F
Slide 6: US Equity Market Performance
US Equity Market Performance Performance in USD as of 31 December 2025 Performance in USD as of 31 March 2026 2025 Value Blend Growth 2026 YTD Value Blend Growth Large 15.9% 17.9% 18.6% Large 2.1% -4.3% -9.8% Mid 11.0% 10.6% 8.7% Mid 3.7% 1.3% -6.3% Small 12.6% 12.8% 13.0% Small 5.0% 0.9% -2.8% 2025
Slide 7: Portfolio positions
Portfolio positions JPMorgan American Investment Trust (JAM) Benchmark S&P 500 Index As of 31 March 2026 Portfolio Benchmark Relative Portfolio Benchmark Relative Top 10 Holdings Top 5 overweights¹ weight (%) weight (%) Position (%) weight (%) weight (%) position (%) Nvidia 7.75 7.58 0.17 Loews 3.38
Slide 8: Sector breakdown
Sector breakdown JPMorgan American Investment Trust (JAM) Benchmark S&P 500 Index As of 31 March 2026 Active and absolute sector positions Portfolio weight (%) 30 25.8 25 20 16.2 15 11.8 10.6 10.2 10 9.0 6.3 5 2.9 2.6 2.2 2.1 0 Information Financials Consumer Health Comm Industrials Energy Utilities
Slide 9: Performance
Performance JPMorgan American Investment Trust Trust size GBP 2,029m As of 31 March 2026 Annualised performance in GBP (%) Three One Three Five Since PM Ten Months Year Years Years Change* Years JAMIT – NAV -1.82 12.08 16.41 13.02 15.29 15.49 S&P 500 -2.47 15.09 15.56 12.84 14.23 14.85 Arithmetic Ex
Slide 10: Summary
Summary As of 31 March 2026 Value and Empowering value and growth specialists broadens the opportunity set and Growth results in a unique portfolio Flexibility to add to small cap exposure as well as gearing when the opportunity is Flexibility favorable Positioning Balanced approach with a focus on
Slide 11: 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 12: JPMorgan Asset Management
A "1 JPMorgan ASSET MANAGEMENT
Slide 13: Appendix
Appendix 12 JPMorgan ASSET MANAGEMENT
Slide 14: Portfolio holdings
Portfolio holdings Large Cap Portfolio As of 31 March 2026 Information Consumer Communication Consumer Financials Health Care Industrials Energy Utilities Real Estate Materials Technology Discretionary Services Staples 26.0% 16.6% 11.9% 10.5% 10.1% 8.3% 6.5% 3.0% 2.6% 2.3% 2.1% -6.9%* 4.0%* 2.1%* 0.
Slide 15: Portfolio characteristics
Portfolio characteristics JPMorgan American Investment Trust plc Benchmark S&P 500 Index As of 31 March 2026 Characteristics Portfolio Benchmark BARRA tilts relative to benchmark Weighted Average Market Cap USD 1,131.9bn USD 1,281.9bn Price / Earnings, 12-mth fwd1 19.9x 19.2x VALUE 0.11 Price / Free
Slide 16: Portfolio Management Team Biographies
Portfolio Management Team Biographies Jack Caffrey Felise Agranoff Managing Director Managing Director Is a portfolio manager in the U.S. Equity Group. Jack has Is a portfolio manager within the U.S. Equity Group. An been managing the Focused Dividend Growth strategy employee since 2004, Felise is a
Slide 17: Portfolio Management Team Biographies
Portfolio Management Team Biographies Eytan M. Shapiro Lawrence Playford Managing Director Managing Director CIO of the Growth and Small Cap US Equity Team. A Is a co-portfolio manager of the JPMorgan Mid Cap Value member of the team since 1992, Eytan is also the portfolio Fund and the JPMorgan Smal
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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