A leader in UK small and mid-cap investing

The Jupiter UK small and mid-cap equities team, headed by Dan Nickols and Richard Watts, is one of the largest and most experienced active investors in smaller and medium-sized UK companies. The team’s funds provide access to a broad range of themes and investment opportunities across the UK economy.


The fund range includes: Jupiter UK Mid Cap Fund, Jupiter UK Smaller Companies Fund, Jupiter UK Specialist Equity Fund, Jupiter UK Dynamic Equity Fund, Jupiter UK Smaller Companies Focus Fund.

Under researched
The team believes that its universe of companies is less well researched than larger companies, which can result in share price inefficiencies and investment opportunities. It also believes that a flexible style of investing encompassing, for example, a willingness to hold value and/or growth stocks, depending on the conditions and outlook, provides the greatest scope for sustained outperformance.
Earnings growth

Over the long term, UK small and mid-cap equities have outperformed their larger peers and delivered higher rates of earnings growth. They also are at the epicentre of IPO activity, and this means the indices are constantly refreshed. The team makes extensive use of external (top-down and bottom-up) input then overlays this with their own detailed analytical work to identify potential investment opportunities.

Jupiter UK Mid Cap Fund
  • Investment risk – there is no guarantee that the Fund will achieve its objective. A capital loss of some or all of the amount invested may occur.
  • Geographic concentration risk – a fall in the UK market may have a significant impact on the value of the Fund because it primarily invests in this market.
  • Company shares (i.e. equities) risk – the value of Company shares (i.e. equities) and similar investments may go down as well as up in response to the performance of individual companies and can be affected by daily stock market movements and general market conditions. Other influential factors include political, economic news, company earnings and significant corporate events.
  • Concentration risk (number of investments) – the Fund may at times hold a smaller number of investments, and therefore a fall in the value of a single investment may have a greater impact on the Fund’s value than if it held a larger number of investments.
  • Liquidity risk – some investments including those in unlisted companies may be hard to value or sell at a desired time and price. In extreme circumstances this may affect the Fund’s ability to meet redemption requests upon demand.
  • Currency risk – the Fund can be exposed to different currencies. The value of your shares may rise and fall as a result of exchange rate movements.
  • Derivative risk – the Fund may use derivatives to reduce costs and/or the overall risk of the Fund (i.e. Efficient Portfolio Management (EPM)). Derivatives involve a level of risk, however, for EPM they should not increase the overall riskiness of the Fund. Derivatives also involve counterparty risk where the institutions acting as counterparty to derivatives may not meet their contractual obligations.

 

For a more detailed explanation of risks, please refer to the “Risk Factors” section of the prospectus.

Jupiter UK Smaller Companies Fund
  • Investment risk – there is no guarantee that the Fund will achieve its objective. A capital loss of some or all of the amount invested may occur.
  • Geographic concentration risk – a fall in the UK market may have a significant impact on the value of the Fund because it primarily invests in this market.
  • Company shares (i.e. equities) risk – the value of Company shares (i.e. equities) and similar investments may go down as well as up in response to the performance of individual companies and can be affected by daily stock market movements and general market conditions. Other influential factors include political, economic news, company earnings and significant corporate events.
  • Smaller companies risk – smaller companies are subject to greater risk and reward potential. Investments may be volatile or difficult to buy or sell.
  • Liquidity risk – some investments including those in unlisted companies may be hard to value or sell at a desired time and price. In extreme circumstances this may affect the Fund’s ability to meet redemption requests upon demand.
  • Currency risk – the Fund can be exposed to different currencies. The value of your shares may rise and fall as a result of exchange rate movements.
  • Derivative risk – the Fund may use derivatives to reduce costs and/or the overall risk of the Fund (i.e. Efficient Portfolio Management (EPM)). Derivatives involve a level of risk, however, for EPM they should not increase the overall riskiness of the Fund. Derivatives also involve counterparty risk where the institutions acting as counterparty to derivatives may not meet their contractual obligations.

 

For a more detailed explanation of risks, please refer to the “Risk Factors” section of the prospectus.

Jupiter UK Specialist Equity Fund
  • Investment risk – whilst the Fund aims to deliver above zero performance irrespective of market conditions, there can be no guarantee this aim will be achieved. A
  • capital loss of some or all of the amount invested may occur.
  • Geographic concentration risk – a rise or fall in the UK market may have a significant impact on the value of the Fund because it primarily invests in this market.
  • Company shares (i.e. equities) risk – the value of Company shares (i.e. equities) and similar investments may go down as well as up in response to the performance of individual companies and can be affected by daily stock market movements and general market conditions. Other influential factors include political, economic news, company earnings and significant corporate events.
  • Smaller companies risk – smaller companies are subject to greater risk and reward potential. Investments may be volatile or difficult to buy or sell.
  • Liquidity risk – some investments including those in unlisted companies may be hard to value or sell at a desired time and price. In extreme circumstances this may affect the Fund’s ability to meet redemption requests upon demand.
  • Currency risk – the Fund can be exposed to different currencies. The value of your shares may rise and fall as a result of exchange rate movements.
  • Derivative risk – the Fund uses derivatives to generate returns and/or to reduce costs and the overall risk of the Fund. Using derivatives can involve a higher level of risk. A small movement in the price of an underlying investment may result in a disproportionately large movement in the price of the derivative investment. Derivatives also involve counterparty risk where the institutions acting as counterparty to derivatives may not meet their contractual obligations.

 

For a more detailed explanation of risks, please refer to the “Risk Factors” section of the prospectus.

Important information

This document is intended for investment professionals and is not for the use or benefit of other persons, including retail investors. This document is for informational purposes only and is not investment advice. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given. Holding examples are not a recommendation to buy or sell.