JPMorgan Global Core Real Assets Ld MONTHLY PORTFOLIO UPDATE

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

[e-mail]

Telephone [phone] (or [phone])

 

 

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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