As at: 31/12/23

Overview

Filters

Fund information

Policy

Objective

The Fund objective is to provide income together with capital growth in order to achieve a return, net of fees, higher than that provided by the FTSE4Good UK Index over the long term (at least five years).

Policy

At least 70% of the Fund is invested in shares of companies based in the UK that are actively managing their environmental and social impacts or are providing solutions to environmental and/or social problems. Being a constituent of the FTSE4Good UK Index is not, in itself, considered sufficient to meet this criteria.

The Fund may also invest in other transferable securities (including shares of companies based anywhere in the world), open-ended funds (including funds managed by  Jupiter and its associates), cash, near cash, money market instruments and deposits.

The Fund may use derivatives (i.e. financial contracts whose value is linked to the expected price movements of an underlying investment) with the aim of reducing the overall costs and/or risks of the Fund.

Strategy

The fund manager focuses on companies that they consider to be responding positively to or profiting from the challenges of sustainability. To be consistent with the concept of long-term investment responsibility, the fund will actively seek to avoid certain sectors which it does not believe align with a sustainable economy. The Fund's exclusions policy is available at https://jupiteram.com/docs/jupiter-responsible-income-fund-exclusions-policy.pdf.

The fund manager also aims to identify companies which produce regular dividends (dividends are paid out each year by companies to their shareholders) and are high quality companies, i.e. those which show some or all of the following characteristics: consistent and steady growth of company earnings and cash flows, financial strength (manageable levels of debt), and strong returns on capital.

Benchmarks

Target benchmark - FTSE 4Good UK Index

The FTSE 4Good UK Index is an industry standard index and is one of the leading representations of companies in the UK stock markets that meet globally recognised corporate responsibility standards. It is easily accessible and provides a fair reflection of the Fund Manager's investment universe and a good relative measure to assess performance outcomes.

(Source: KIID, as at January 2024)

Process

Resources, Affiliations & Corporate Strategies

Dialshifter

Our organisation is helping to support the Paris Climate Agreement and the Race to Net Zero by…

...committing to achieving net zero by 2050 as a business across our own operations and all our investments. Jupiter is actively engaged with some of the largest carbon emitting companies in the world on their low carbon transition strategies, both individually and collectively through groups such as IIGCC and Climate Action 100+.

Furthermore Jupiter Asset Management was among the first group of companies to sign up to RE100, committing to source all its energy requirements from renewable sources, and has a range of programmes in place to mitigate its non-energy emissions.

Literature

• Fund overview & literature (including factsheet)
• Sustainability, ESG & Stewardship
• Document library

Last amended: 29/03/24 08:26