Title: URL Source: https://is.gd/K3WzVD Published Time: Mon, 30 Jun 2025 02:15:15 GMT Markdown Content: MARKETING COMMUNICATION | Factsheet | 31 May 2025 Factsheet | 31 May 2025 # JPMorgan Global Emerging Markets Income Trust plc ISIN GB00B5ZZY915 GB00B5ZZY915 Sedol B5ZZY91 B5ZZY91 Bloomberg JEMI LN JEMI LN Reuters JEMI.L JEMI.L # Objective: The Company aims to provide a dividend income, together with the The Company aims to provide a dividend income, together with the potential for long potential for long --term capital growth from a diversified portfolio of term capital growth from a diversified portfolio of emerging markets investments. It is free to invest in any particular market, emerging markets investments. It is free to invest in any particular market, sector or country in the global emerging markets universe and there are sector or country in the global emerging markets universe and there are no fixed limits on portfolio construction. The Company has the ability to use no fixed limits on portfolio construction. The Company has the ability to use borrowing to gear the portfolio to up to 20% of net assets where borrowing to gear the portfolio to up to 20% of net assets where appropriate. Gearing may magnify gains or losses experienced by the appropriate. Gearing may magnify gains or losses experienced by the Company. Company. # Company ratings # Performance Portfolio manager(s) Share price Actual gearing Omar Negyal (2012) Omar Negyal (2012) 141.0p 141.0p 6.0% 6.0% Company Broker(s) NAV Company fees & expenses Ongoing Charges Winterflood Securities Winterflood Securities 156.9p 156.9p 0.96% 0.96% Benchmark Company launch Annual management fee MSCI Emerging MSCI Emerging Markets Index, with net Markets Index, with net dividends reinvested dividends reinvested ((££)) 29 Jul 2010 29 Jul 2010 0.75% on net assets up to 0.75% on net assets up to ££500m and 0.65% on net 500m and 0.65% on net assets above assets above ££500m (effective 500m (effective 1 November 2023) 1 November 2023) Company assets Discount( -)/ Premium Performance fee ££ 456.2m 456.2m --10.1% 10.1% No No Dividends paid Potential gearing range January, April, July and January, April, July and October October Maximum 20% Maximum 20% ESG Integration is the systematic inclusion of financially material ESG ESG Integration is the systematic inclusion of financially material ESG factors, alongside other relevant factors, in investment analysis and factors, alongside other relevant factors, in investment analysis and investment decisions with the goals of managing risk and improving long investment decisions with the goals of managing risk and improving long -- term returns. ESG integration does not by itself change this product?s term returns. ESG integration does not by itself change this product?s investment objective, exclude specific types of companies or constrain its investment objective, exclude specific types of companies or constrain its investable universe. This product is not designed for investors who are investable universe. This product is not designed for investors who are looking for a product that meets specific ESG goals or wish to screen out looking for a product that meets specific ESG goals or wish to screen out particular types of companies or investments, other than those required by particular types of companies or investments, other than those required by any applicable law such as companies involved in the manufacture, any applicable law such as companies involved in the manufacture, production or supply of cluster munitions. ESG integration does not imply production or supply of cluster munitions. ESG integration does not imply that the Fund is marketed or authorised as an ESG product in any that the Fund is marketed or authorised as an ESG product in any jurisdiction where such authorisation is required. jurisdiction where such authorisation is required. # ESG information ESG approach - Integrated Morningstar Medalist Rating™ SILVER Analyst -Driven % 100 Data Coverage % 100 Overall Morningstar Rating™ Morningstar Category™ CE Global Emerging Markets Equity FE Crown Fund Share Price Net asset value Benchmark: MSCI Emerging Markets Index, with net dividends MSCI Emerging Markets Index, with net dividends reinvested ( reinvested ( ££)) 1 2 3 Quarterly rolling 12 -month performance (%) As at end of March 2025 As at end of March 2025 Cumulative performance (%) Cumulative Annualised 1 month 3 months 1 year YTD 3 years 5 years 10 years 6.02 6.02 5.23 5.23 13.43 13.43 7.22 7.22 7.08 7.08 10.52 10.52 6.44 6.44 4.64 4.64 3.29 3.29 9.32 9.32 3.37 3.37 5.21 5.21 10.01 10.01 7.04 7.04 3.27 3.27 --0.74 0.74 6.72 6.72 0.98 0.98 2.80 2.80 5.23 5.23 5.22 5.22 YIELD AND DIVIDEND HISTORY 2020 2021 2022 2023 2024 Total dividend per share (p) Total dividend per share (p) 5.10 5.10 5.10 5.10 5.20 5.20 5.30 5.30 5.40 5.40 # Holdings Top 10 Sector Sector % of assets % of assets Taiwan Semiconductor Taiwan Semiconductor Information Technology Information Technology 7.8 7.8 Samsung Electronics Samsung Electronics Information Technology Information Technology 3.5 3.5 Alibaba Alibaba Consumer Consumer Discretionary Discretionary 2.9 2.9 HDFC Bank HDFC Bank Financials Financials 2.7 2.7 Tencent Tencent Communication Communication Services Services 2.6 2.6 Wal Wal --Mart De Mexico Mart De Mexico Consumer Staples Consumer Staples 2.5 2.5 Realtek Realtek Information Technology Information Technology 2.5 2.5 NetEase NetEase Communication Communication Services Services 2.4 2.4 B3 SA B3 SA -- Brasil Bolsa Balcao Brasil Bolsa Balcao Financials Financials 2.3 2.3 Quanta Computer Quanta Computer Information Technology Information Technology 2.0 2.0 Past performance is not a reliable indicator of current and future results. For more information on our approach to sustainable investing at J.P. For more information on our approach to sustainable investing at J.P. Morgan Asset Management please visit Morgan Asset Management please visit https://am.jpmorgan.com/uk/esg https://am.jpmorgan.com/uk/esg The latest month in review commentary can be found on the J.P.Morgan The latest month in review commentary can be found on the J.P.Morgan Asset Management website Asset Management website here here .. Performance Disclosures ESG GROWTH OF £ 10,000 Calendar years 31 May 2020 31 May 2020 31 May 2025 31 May 2025 2020/2021 2021/2022 2022/2023 2023/2024 2024/2025 53.40 53.40 --4.90 4.90 1.30 1.30 4.86 4.86 5.78 5.78 51.79 51.79 1.43 1.43 --1.92 1.92 8.38 8.38 3.36 3.36 42.35 42.35 --7.12 7.12 --4.91 4.91 5.86 5.86 5.79 5.79 Prospective dividend yield: Prospective dividend yield: 3.8% Total dividend for last financial year: Total dividend for last financial year: 5.40p Financial year end: Financial year end: 31 July Summary Risk Indicator > Lower risk Lower risk Higher risk Higher risk Market cap (%) (GBP) 22.80 22.80 > 100 bn > 100 bn 43.45 43.45 10 bn <> 100 bn 10 bn <> 100 bn 32.65 32.65 1 bn <> 10 bn 1 bn <> 10 bn 1.10 1.10 < 1 bn < 1 bn Figures shown may not add up to 100 due to rounding. Figures shown may not add up to 100 due to rounding. Regions (%) Compared to benchmark China China 26.8 26.8 +0.4 +0.4 Taiwan Taiwan 16.4 16.4 --1.9 1.9 Korea Korea 11.8 11.8 +2.1 +2.1 India India 9.7 9.7 --9.0 9.0 Mexico Mexico 6.5 6.5 +4.4 +4.4 Brazil Brazil 5.9 5.9 +1.5 +1.5 Indonesia Indonesia 4.6 4.6 +3.3 +3.3 Greece Greece 3.6 3.6 +3.0 +3.0 Thailand Thailand 3.5 3.5 +2.4 +2.4 South Africa South Africa 3.1 3.1 +0.2 +0.2 Others Others 7.2 7.2 --7.3 7.3 Cash Cash 0.9 0.9 +0.9 +0.9 Figures shown may not add up to 100 due to rounding. Figures shown may not add up to 100 due to rounding. Sectors (%) Compared to benchmark Financials Financials 32.6 32.6 +7.9 +7.9 Information Technology Information Technology 21.5 21.5 --1.4 1.4 Consumer Discretionary Consumer Discretionary 15.2 15.2 +1.7 +1.7 Communication Services Communication Services 8.9 8.9 --1.1 1.1 Consumer Staples Consumer Staples 8.7 8.7 +3.9 +3.9 Utilities Utilities 4.3 4.3 +1.7 +1.7 Energy Energy 3.2 3.2 --1.1 1.1 Industrials Industrials 2.6 2.6 --4.0 4.0 Real Estate Real Estate 1.2 1.2 --0.4 0.4 Health Care Health Care 0.7 0.7 --2.6 2.6 Materials Materials 0.2 0.2 --5.5 5.5 Cash Cash 0.9 0.9 +0.9 +0.9 Figures shown may not add up to 100 due to rounding. Figures shown may not add up to 100 due to rounding. # Portfolio analysis Measurement 3 years 5 years Correlation Correlation 0.95 0.95 0.92 0.92 Alpha (%) Alpha (%) 2.34 2.34 4.55 4.55 Beta Beta 0.95 0.95 0.95 0.95 Annualised volatility (%) Annualised volatility (%) 13.46 13.46 12.77 12.77 Sharpe ratio Sharpe ratio 0.13 0.13 0.61 0.61 Tracking error (%) Tracking error (%) 4.28 4.28 4.90 4.90 Information ratio Information ratio 0.54 0.54 0.92 0.92 n n n n Investment is subject to documentation. The Annual Reports and Financial Statements, AIFMD art. 23 Investor Disclosure Document and PRIIPs Key Information Document can be obtained free of charge in English from JPMorgan Funds Limited or www.jpmam.co.uk/investmenttrust . This material should not be considered as advice or an investment This material should not be considered as advice or an investment recommendation. Company holdings and performance are likely to have changed recommendation. Company holdings and performance are likely to have changed since the report date. No provider of information presented here, including index since the report date. No provider of information presented here, including index and ratings information, is liable for damages or losses of any type arising from and ratings information, is liable for damages or losses of any type arising from use of their information. use of their information. To the extent permitted by applicable law, we may record telephone calls and To the extent permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our legal and regulatory monitor electronic communications to comply with our legal and regulatory obligations and internal policies. Personal data will be collected, stored and obligations and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our EMEA processed by J.P. Morgan Asset Management in accordance with our EMEA Privacy Policy Privacy Policy www.jpmorgan.com/emea www.jpmorgan.com/emea --privacy privacy --policy policy Risk Indicator: The risk indicator assumes you keep the product for 5 year(s). The Risk Indicator: The risk indicator assumes you keep the product for 5 year(s). The risk of the product may be significantly higher if held for less than the risk of the product may be significantly higher if held for less than the recommended holding period. recommended holding period. Ongoing charges are the management fee and all other operating expenses, Ongoing charges are the management fee and all other operating expenses, excluding interest charges on any borrowing and any performance fee payable excluding interest charges on any borrowing and any performance fee payable expressed as a percentage of the average daily net assets during the year unless expressed as a percentage of the average daily net assets during the year unless # Key risks Exchange rate changes may cause the value of underlying overseas Exchange rate changes may cause the value of underlying overseas investments to go down as well as up. investments to go down as well as up. Investments in emerging markets may involve a higher element of risk Investments in emerging markets may involve a higher element of risk due to political and economic instability and underdeveloped markets due to political and economic instability and underdeveloped markets and systems. Shares may also be traded less frequently than those on and systems. Shares may also be traded less frequently than those on established markets. This means that there may be difficulty in both established markets. This means that there may be difficulty in both buying and selling shares and individual share prices may be subject to buying and selling shares and individual share prices may be subject to short short --term price fluctuations. term price fluctuations. This Company may invest in non This Company may invest in non --investment grade bonds which investment grade bonds which increases the capital risk and may have an adverse effect on the increases the capital risk and may have an adverse effect on the performance of companies which invest in them. performance of companies which invest in them. External factors may cause an entire asset class to decline in value. External factors may cause an entire asset class to decline in value. Prices and values of all shares or all bonds and income could decline at Prices and values of all shares or all bonds and income could decline at the same time, or fluctuate in response to the performance of individual the same time, or fluctuate in response to the performance of individual companies and general market conditions. companies and general market conditions. This Company may utilise gearing (borrowing) which will exaggerate This Company may utilise gearing (borrowing) which will exaggerate market movements both up and down. market movements both up and down. This Company may also invest in smaller companies which may This Company may also invest in smaller companies which may increase its risk profile. increase its risk profile. The share price may trade at a discount to the Net Asset Value of the The share price may trade at a discount to the Net Asset Value of the Company. Company. The Company may invest in China A The Company may invest in China A --Shares through the China Shares through the China --Hong Hong Kong Stock Connect program which is subject to regulatory change, Kong Stock Connect program which is subject to regulatory change, quota limitations and also operational constraints which may result in quota limitations and also operational constraints which may result in increased counterparty risk. increased counterparty risk. As the portfolio is primarily focused on generating income, it may bear As the portfolio is primarily focused on generating income, it may bear little resemblance to the composition of its benchmark. little resemblance to the composition of its benchmark. General Disclosures where indicated. All the figures are for the previous financial year. For information where indicated. All the figures are for the previous financial year. For information on ongoing charges please refer to the Company's Annual Report and Accounts. on ongoing charges please refer to the Company's Annual Report and Accounts. www.jpmglobalemergingmarkets.co.uk www.jpmglobalemergingmarkets.co.uk Performance information Source: J.P. Morgan Asset Management/Morningstar. Net asset value Source: J.P. Morgan Asset Management/Morningstar. Net asset value performance (NAV) data has been calculated on a NAV to NAV basis, including performance (NAV) data has been calculated on a NAV to NAV basis, including ongoing charges and any applicable fees, with any income reinvested, in GBP. ongoing charges and any applicable fees, with any income reinvested, in GBP. NAV is the cum income NAV with debt at fair value, diluted for treasury and/or NAV is the cum income NAV with debt at fair value, diluted for treasury and/or subscription shares if applicable, with any income reinvested.Share price subscription shares if applicable, with any income reinvested.Share price performance figures are calculated on a mid market basis in GBP with income performance figures are calculated on a mid market basis in GBP with income reinvested on the ex reinvested on the ex --dividend date.The performance of the company's portfolio, or dividend date.The performance of the company's portfolio, or NAV performance, is not the same as share price performance and shareholders NAV performance, is not the same as share price performance and shareholders may not realise returns which are the same as NAV performance. may not realise returns which are the same as NAV performance. Prospective dividend yield is for the investment trust's current financial year. It is is for the investment trust's current financial year. It is indicative only and based on the latest month end mid indicative only and based on the latest month end mid --market price and the market price and the declared and net prospective dividends for the current financial year. declared and net prospective dividends for the current financial year. Holdings information Market Cap excludes cash. Market Cap excludes cash. Information Sources Company information, including performance calculations and other data, is Company information, including performance calculations and other data, is provided by J.P. Morgan Asset Management (the marketing name for the asset provided by J.P. Morgan Asset Management (the marketing name for the asset management businesses of JPMorgan Chase & Co. and its affiliates worldwide). management businesses of JPMorgan Chase & Co. and its affiliates worldwide). All data is as at the document date unless indicated otherwise. ©© 2024 Morningstar. All Rights Reserved. The information contained herein: (1) is 2024 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this providers are responsible for any damages or losses arising from any use of this information. information. Benchmark Source: MSCI. Neither MSCI nor any other party involved in or related Benchmark Source: MSCI. Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any of such data. Without limiting any of the particular purpose with respect to any of such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved, in foregoing, in no event shall MSCI, any of its affiliates or any third party involved, in or related to compiling, computing, or creating the data have any liability for any or related to compiling, computing, or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI's express distribution or dissemination of the MSCI data is permitted without MSCI's express written consent. written consent. Issuer JPMorgan Asset Management (UK) Limited Registered address: 25 Bank Street, JPMorgan Asset Management (UK) Limited Registered address: 25 Bank Street, Canary Wharf, London E14 5JP, United Kingdom. Authorised and regulated by the Canary Wharf, London E14 5JP, United Kingdom. Authorised and regulated by the Financial Conduct Authority. Registered in England No. 01161446. Financial Conduct Authority. Registered in England No. 01161446. Definitions Morningstar Medalist Rating™ is the summary expression of Morningstar is the summary expression of Morningstar ’’ss forward forward --looking analysis of investment strategies as offered via specific vehicles looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. Page 2 of 3 | Factsheet | 31 May 2025 | 31 May 2025 JPMorgan Global Emerging Markets Income Trust plc JPMorgan Global Emerging Markets Income Trust plc Page 3 of 3 | Factsheet | 31 May 2025 | 31 May 2025 JPMorgan Global Emerging Markets Income Trust plc JPMorgan Global Emerging Markets Income Trust plc Analyst -Driven % Displays the percentage of Analyst Displays the percentage of Analyst ’’s input into the overall rating s input into the overall rating assignment, including direct analyst coverage and inheritance of an analyst assignment, including direct analyst coverage and inheritance of an analyst --rated rated pillar. pillar. Data Coverage % Displays the percentage of available input data for rating Displays the percentage of available input data for rating calculation at the Pillar level. calculation at the Pillar level. Overall Morningstar Rating™ assessment of a fund assessment of a fund ’’s past performance, based on s past performance, based on both return and risk and shows how similar investments compare with their both return and risk and shows how similar investments compare with their competitors. Investment decisions should not be based on a high rating alone. competitors. Investment decisions should not be based on a high rating alone. FE fundinfo Crown Rating are quantitative ratings ranging from one to five are quantitative ratings ranging from one to five designed to help investors identify funds which have displayed superior designed to help investors identify funds which have displayed superior performance in terms of stockpicking, consistency and risk control. performance in terms of stockpicking, consistency and risk control. FE Crown Fund Ratings are however purely quantitative and backward looking, FE Crown Fund Ratings are however purely quantitative and backward looking, and, as such, cannot offer any certainty about the future. and, as such, cannot offer any certainty about the future. FE Trustnet crown rating as at 31 Jan 2025. FE Trustnet crown rating as at 31 Jan 2025. Benchmark comparison The benchmark is for comparative purposes only. The benchmark is for comparative purposes only. Gearing Gearing represents the excess amount above shareholders´ funds of total Gearing represents the excess amount above shareholders´ funds of total investments (excluding liquidity fund holdings) expressed as a percentage of the investments (excluding liquidity fund holdings) expressed as a percentage of the shareholders´ funds. If the amount calculated is negative, this is known as a shareholders´ funds. If the amount calculated is negative, this is known as a ““net net cash cash ”” position. position. Discount/Premium If the share price of an investment company is lower/higher If the share price of an investment company is lower/higher than the NAV per share, the company is said to be trading at a discount/premium. than the NAV per share, the company is said to be trading at a discount/premium. The discount/premium is shown as a percentage of the NAV. The discount/premium is shown as a percentage of the NAV. NAV The value of investment and cash, including current year revenue, less The value of investment and cash, including current year revenue, less liabilities (prior charges such as loans, debenture stock and preference shares at liabilities (prior charges such as loans, debenture stock and preference shares at fair value). fair value). Cash A company A company ’’s net exposure to cash / cash equivalents [includes investment in s net exposure to cash / cash equivalents [includes investment in liquidity funds and treasury stocks if held] expressed as a percentage of liquidity funds and treasury stocks if held] expressed as a percentage of shareholders funds after any offset against its gearing. shareholders funds after any offset against its gearing. Correlation measures the strength and direction of the relationship between measures the strength and direction of the relationship between movements in fund and benchmark returns. A correlation of 1.00 indicates that movements in fund and benchmark returns. A correlation of 1.00 indicates that fund and benchmark returns move in lockstep in the same direction. fund and benchmark returns move in lockstep in the same direction. Alpha (%) a measure of excess return generated by a manager compared to the a measure of excess return generated by a manager compared to the benchmark. An alpha of 1.00 indicates that a fund has outperformed its benchmark. An alpha of 1.00 indicates that a fund has outperformed its benchmark by 1%. benchmark by 1%. Beta a measure of a fund a measure of a fund ’’s sensitivity to market movements (as represented by the s sensitivity to market movements (as represented by the fund fund ’’s benchmark). A beta of 1.10 suggests the fund could perform 10% better than s benchmark). A beta of 1.10 suggests the fund could perform 10% better than the benchmark in up markets and 10% worse in down markets, assuming all other the benchmark in up markets and 10% worse in down markets, assuming all other factors remain constant.Usually the higher betas represent riskier investments. factors remain constant.Usually the higher betas represent riskier investments. Annualised volatility (%) measures the extent to which returns vary up and down measures the extent to which returns vary up and down over a given period. over a given period. Sharpe ratio performance of an investment adjusting for the amount of risk taken performance of an investment adjusting for the amount of risk taken (compared a risk (compared a risk --free investment). The higher the Sharpe ratio the better the free investment). The higher the Sharpe ratio the better the returns compared to the risk taken. returns compared to the risk taken. Tracking error (%) measures how much a fund measures how much a fund ’’s returns deviate from those of the s returns deviate from those of the benchmark. The lower the number the closer the fund benchmark. The lower the number the closer the fund ’’s historic performance has s historic performance has followed its benchmark. followed its benchmark. Information ratio measures if a manager is outperforming or underperforming the measures if a manager is outperforming or underperforming the benchmark and accounts for the risk taken to achieve the returns. A manager who benchmark and accounts for the risk taken to achieve the returns. A manager who outperforms a benchmark by 2% p.a. will have a higher IR than a manager with the outperforms a benchmark by 2% p.a. will have a higher IR than a manager with the same outperformance but who takes more risk. same outperformance but who takes more risk.