Investment objective
The Fund aims to provide a total return (a combination of capital growth and income) over the long-term.
To outperform the Bloomberg Commodity Index Total Return, after the deduction of charges, over any 5-year period.
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The Fund will invest its assets in a combination of financial derivative instruments and equity or equity-related instruments to gain exposure to global real assets markets such as commodities and natural resources, including up to 30% of its net assets in emerging markets. Equity or equity-related instruments will typically consist of commodity-related/global natural resource companies, their associated businesses, companies that provide services or have exposure to such businesses in the following sectors: precious metals mining, industrial metals mining, livestock, agriculture, energy, and the global commodities supply chain, such as equipment makers, processors, refiners, storage, transportation, utilities.
Equities may include China A-Shares, directly through the Stock Connect Programs and other eligible exchanges or indirectly through derivative instruments. Exposure to China A-Shares will not be more than 10% of the Fund’s net asset value.
The Fund makes extensive use of derivatives (complex financial instruments) to gain exposure to, or take positions in, global commodities markets without investing directly or taking delivery of physical commodities, including but not limited to, swaps (including total return swaps), options, futures (including index futures), forwards, contracts for difference (CFDs), options on futures and/or derivatives whose underlying assets consist of commodity indices. Exchange traded futures and total return swaps are core to the Fund’s investment strategy and used on a predominant basis.
The Fund may also get indirect exposure to commodities through other eligible Transferable Securities such as structured notes, exchange-traded commodity instruments (ETCs), exchange-traded funds (ETFs).
The Fund may also invest in other assets including but not limited to cash, cash equivalents and/or money market instruments.
The Fund is actively managed and makes reference to the Bloomberg Commodity Index Total Return, as this forms the basis of the Fund’s Performance Target and the level above which performance fees may be charged (if applicable). The Investment Manager has complete discretion to choose investments for the Fund and is not constrained by a benchmark.
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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.
About this fund
A differentiated real asset fund blending trend following long/short commodity derivatives with global natural resource equities. JREAL provides a more comprehensive commodity and supply-chain exposure while seeking to enhance returns, broaden diversification, and strengthen inflation resilience.
Why invest in this fund
Innovative commodities solution
Actively blends long/short commodity trend-following derivatives with natural resource equities to offer broader, more balanced commodities exposure.
Full commodity supply-chain exposure
Captures opportunities arising from commodity trends, supply-demand imbalances, and mis-priced natural resource assets across the supply chain.
Real asset diversifier
Seeks to strengthen portfolio diversification and inflation resilience from real asset exposures that behave differently across market regimes.
