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JUPITER ECOLOGY

JUPITER ECOLOGY - Overview

Overview of JUPITER ECOLOGY

Launched in 1988, this fund was the UK's first authorised green unit trust. It invests internationally in companies that provide solutions to environmental and social challenges. The fund manager, Charlie Thomas, believes that these companies will have a long-term structural impact across three key areas: infrastructure, resource efficiency and demographics. This fund suits the portfolios of both green and ethical investors.

  • Standard Initial Charge 5.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector Global
Structure UNIT TRUST
Launched April, 1988
Size £663m
Yield 0.0%
Charging basis Income
Dividends paid 31 May, 30 Nov

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.69%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Investor Information Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

No information available.

Portfolio

Allocation Proportion(%)
Equity 93
High yield bonds 0
Quality bonds 1
Property 0
Commodities 0
Hedge 0
Fund cash 6
Allocation Proportion(%)
UK 9
Europe 30
North America 46
Japan 12
Pacific 1
Emerging Markets 2
Allocation Proportion(%)
Large Caps 31
Mid Caps 49
Small Caps 20

View all performance data for this fund

Investment process

The fund has a global remit and focuses on companies which provide solutions to environmental and social problems. The manager uses a bottom-up approach when selecting stocks rather than targeted asset allocation. Any weightings to the energy sector will always be investments in environmental technologies i.e. fossil free and in the alternative energy sub-sector. This leaves a universe of roughly 1,200 stocks for the manager to build the portfolio, using more traditional fund manager analysis of valuation metrics and qualitative research. Jupiter also carries out ethical screening, with the fund's exclusions including any company that derives more than 10% of its turnover from the following activities: alcohol, animal testing for cosmetic products, gambling, nuclear power, pornography, tobacco and weapons. However, given the green bias such companies would typically not enter the universe in the first place.

Live feed

Bid price(inc) (253.39p) 522.51p
Accum units 524.41p
Fund commentary 01/03/16
Fund data updated on 14/05/21

Asset allocation

Allocation Proportion(%)
Equity 93
High yield bonds 0
Quality bonds 1
Property 0
Commodities 0
Hedge 0
Fund cash 6

Equity Geographic

Allocation Proportion(%)
UK 9
Europe 30
North America 46
Japan 12
Pacific 1
Emerging Markets 2

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 31
Mid Caps 49
Small Caps 20

Top 10 holdings

As at: 31/07/2020
4.0364%Vestas Wind Systems
4.0306%Orsted
3.28% Azbil Corp
3.1146%Tomra Systems Asa
2.9721%Schneider Electric Se
2.893%Waste Connections Inc
2.8063%Regal Beloit Corp
2.7681%Cranswick
2.4038%Smith(A.o.)Corp
2.3192%Itron Inc
Source: Trustnet

Sector breakdown

Electronic & Electrical Equipment 21%
Industrials 16%
Support Services 13%
Others 13%
Utilities 7%
Chemicals 7%
Building & Construction 7%
Alternative & Renewable Energy 6%
Food Producers 4%
Automotive 4%

Portfolio details

The fund generally holds around 70-90 companies selected from a universe of 1,200 stocks which meet the fund's criteria.

Constraints

There are no formal constraints on theme and regional weightings. 5% msax in single stock.
The portfolio usually has very little commonality with the Index and so performance can be expected to differ markedly on occasions.

Average monthly relative returns Bestinvest MRI
16/17 17/18 18/19 19/20 20/21   3 years 5 years Career 3 years 5 years Career
  -0.54%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Jon Wallace

Manager. Wallace joined Jupiter in 2009 and is an analyst in the Environment & Sustainability team. Before joining Jupiter, he worked at Forum for the Future, a sustainability advisor to corporate and public organisations. Wallace has a BA in Economics and History from Oxford University, and an MSc in Environmental Technology from Imperial College, London.

Track record

The track record of Jon Wallace in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance
Absolute -2% (January 2021 - February 2021)
Relative -3% (January 2021 - April 2021)

Sector record since January 2021 (0 yr)




About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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