Morningstar

Page 1 of 2 | Morningstar Factsheets | All data as at 05 Feb 2015 unless stated otherwise
Jupiter European Opportunities Trust PLC
Morningstar Peer Group Classification
Europe
JEO
Total Return Performance (GBP) over 5 years (or since inception)
Investment Objective
To achieve capital growth through investments in European securities.
Valuation statistics (NAVs estimated1) GBX
05 Feb 2015
Price
499.00
Fair Cum NAV
489.95
Fair Ex NAV
492.88
Par Cum NAV
489.95
Par Ex NAV
492.94
Fair Cum Discount
+1.69
Fair Ex Discount
+1.09
Par Cum Discount
+1.69
Par Ex Discount
+1.23
Peer Group Discount
-2.87
0.72
Z-Statistic2
12 m High
501.35
Low
382.50
494.44
402.23
+3.62
-5.68
Last Actual NAVs (GBX) as at 04 Feb 2015
Fair Cum NAV
490.55
Fair Ex NAV
493.48
Par Cum NAV
490.55
Par Ex NAV
493.48
Key Data
Domicile
Launch Date
Financial Year-end
Exchange
Next AGM
NAV Frequency
Dividend Frequency
Total Assets (GBP)
Net Assets (GBP)
Shares Outstanding
Gross Gearing3
Net Gearing4
Average Daily Shares Traded (1yr)
Average Daily Value Traded (1yr)
Total Expense Ratio5 (2014)
Market Capitalisation (GBP)
Net Dividend Yield6
UK
22 Nov 2000
31 May
London (LSE)
Nov 2015
Daily
Annual
516.3m
466.9m
94,717,681
111
109
0.109m
0.785m
1.06%
472.6m
0.70%
Performance (Total Return %)8 GBP
1 month 3 months
Price
+7.31
+14.32
NAV
+6.06
+12.87
Peer Group (Price)
+6.56
+8.95
Peer Group (NAV)
+6.43
+9.00
Benchmark
+6.53
+5.48
6 months
+19.91
+16.02
+14.05
+11.03
+5.38
1 year
+17.81
+16.25
+13.13
+10.86
+7.78
YTD
+7.49
+6.03
+5.20
+5.72
+4.86
3 years
+100.34
+75.66
+70.68
+54.52
+35.24
5 years
+187.35
+150.13
+94.05
+76.92
+53.20
Peer Group: Morningstar IT Europe P
Morningstar Benchmark: MSCI AC EUROPE
Fund distributions reinvested on ex-dividend date8
Dividend Yields over 5 years (or since inception)
Dividend Policy
The fund intends to pay annual dividends
Year-on-Year Dividend Growth % (financial year 31 May)
2015
0.00
2014
0.00
2013
89.19
2012
-
2011
-
Distributions (GBP) over 5 years (or since inception)
Dividend Growth % (annualised on current financial year)7
1 year
0.00
2 years
0.00
3 years
23.68
4 years
0.00
5 years
0.00
Directors
Hugh M. Priestley (Chairman), Philip E.F. Best, Alexander F.C. Darwall,
Andrew Sutch, John D.A. Wallinger
Fund Manager: Alexander F.C. Darwall (22 Nov 2000)
Jupiter Asset Management
1 Grosvenor Place, London, UK, SW1X 7JJ
Telephone: +44 (0)20 7412 0703
Website: www.jupiteram.com/JEO
Stockbroker: Cenkos Securities Plc
Management Fee Summary
Management fee calculated quarterly at 0.1875% of Total Assets.
Performance fee equals 15% of the amount by which the NAV exceeds the
total return on the Benchmark Index. Agreement terminable on one years
notice.
Latest Dividend History (GBp)
Type
Income
Income
Income
Dividend Declared Date
3.500
02 Sep 14
3.500
15 Aug 13
1.850
24 Jul 12
Ex Div Date
10 Sep 14
21 Aug 13
05 Sep 12
Record Date
12 Sep 14
23 Aug 13
07 Sep 12
Payment Date
10 Oct 14
27 Sep 13
28 Sep 12
Financial Year
2014
2013
2012
Initial Public Offering
82,939,723 Ordinary shares at 1.00 GBP on 22 Nov 2000 raising 82.9m gross and 81.1m net of expenses
The factbook pages are compiled by Morningstar and have no regard to the particular needs of any specific recipient. All price information is indicative only. Nothing herein is to be construed as a solicitation or an offer to buy or sell any financial products. The factbook pages
are prepared by Morningstar and based on information obtained from sources believed to be reliable but are not guaranteed as being accurate, nor are they a complete statement of these securities. Morningstar accepts no liability whatsoever for any loss or damage of any
kind arising out of the use of all or part of these factbook pages.
Page 2 of 2 | Morningstar Factsheets | All data as at 05 Feb 2015 unless stated otherwise
Jupiter European Opportunities Trust PLC
JEO
Risk & Return9
Discrete Monthly Price & NAV Total Return % (GBP)
Sector Breakdown (%)
Discrete Yearly Price & NAV Total Return % (GBP)
Geographic Breakdown (%)
Risk & Correlation
Alpha (NAV) 11
Beta (NAV)12
R-squared (NAV)13
Sharpe (NAV)14
Price Volatility15
NAV Volatility15
Benchmark Volatility15
Peer Group Price Volatility15
Peer Group NAV Volatility15
3 months
0.13
0.70
0.58
3.53
14
13
15
11
13
6 months
0.08
0.78
0.65
2.14
16
13
14
13
14
1 year
0.84
0.86
0.68
1.41
14
13
13
11
12
3 years
0.94
0.83
0.69
1.66
15
14
16
12
14
5 years
0.88
0.95
0.80
1.16
18
19
21
16
18
Additional Performance (Total Return%8) GBX
Largest Holdings (% Portfolio10) as at 31 Dec 2014
Provident Financial
Wirecard
Reed Elsevier NV
Novo-Nordisk
Syngenta AG
Novozymes
Experian Group Ltd
Fresenius SE & Co KGaA
Inmarsat
Johnson Matthey
Total
Capital Structure
Number of Shares
94,717,681
Loan CCY
GBP
EUR
9.2%
9.1%
7.7%
7.6%
6.6%
6.2%
5.8%
5.4%
4.3%
4.3%
66.1%
Share Type
Ord 1p
£m
12.0
37.4
Redemption
Period
2015
2014
2013
2012
2011
2010
Since FTSE 2009 Low (13 Mar 09)
Since Sub-Prime (20 Nov 07)
Since FTSE 2007 Peak (13 Oct 07)
Price
+7.49
+7.47
+23.87
+53.83
-11.36
+42.24
+426.83
+149.75
+124.82
NAV Peer Price
+6.03
+5.20
+9.07
+6.06
+26.26
+28.83
+30.80
+29.84
-8.81
-11.63
+36.38
+6.49
+328.68
+187.31
+144.33
+62.43
+117.61
+49.86
Peer NAV Benchmark
+5.72
+4.86
+2.88
-0.92
+26.80
+22.08
+22.46
+14.90
-12.83
-10.56
+11.02
+8.37
+157.96
+130.54
+54.81
+32.89
+44.50
+26.18
Wind-up Provisions/Buy Back Policy
Shares repurchased may be held in treasury. The Company has the authority to repurchase up to 14.99% of the
issued share capital. A rolling continuation vote will be put to shareholders at the AGM in 2017, and every third
AGM thereafter. At the last AGM the special resolution to give notice of General Meetings at not less than 14 clear
days notice was approved.
Coupon
1.244%
1.283%
Net Dividend Yield – This is calculated by dividing the current financial years dividends (this will include prospective dividends) by the current price.
Dividend Growth – The annualised percentage growth in dividends. Based upon the current financial year, including any future estimates or forecasts.
Performance – Calculated using start and end period Share Prices or NAV Dividends are reinvested on the ex-dividend date at the prevailing Share Price or NAV.
Risk & Return – 1 Year ex income par NAV total return performance against 1 Year NAV volatility. Please see notes 8 and 15 for performance and volatility definitions
respectively.
2
10 Portfolio – In order to calculate the portfolio value we deduct any holdings in cash only (Note that Fixed Interest is not included).
11 Alpha – The difference between the fund’s average excess total return and the benchmark’s average excess total return.
3
12 Beta – The sensitivity of the fund to broad market movements. A Beta of 0.5 would imply the fund will move by half as much as the index.
4
13 R-squared – A measure of correlation between the fund and index. A value of 0.8 means that 80% of the fund’s NAV changes can be explained by changes in the index.
14 Sharpe – A risk-adjusted return measure, calculated by dividing the fund’s average monthly excess total return over the risk-free rate by the standard deviation of those returns.
5
The figure shown is the annualized Sharpe Ratio.
15 Volatility – The annualized standard deviation of the logged daily returns, adjusting for distributions from capital.
The factbook pages are compiled by Morningstar and have no regard to the particular needs of any specific recipient. All price information is indicative only. Nothing herein is to be construed as a solicitation or an offer to buy or sell any financial products. The factbook pages
are prepared by Morningstar and based on information obtained from sources believed to be reliable but are not guaranteed as being accurate, nor are they a complete statement of these securities. Morningstar accepts no liability whatsoever for any loss or damage of any
kind arising out of the use of all or part of these factbook pages.
1
NAV Estimation - Fair value of debt refers to the market price of the debt if it is traded or, if it is not traded, an
estimation of its value calculated using points over gilt methodology.
Cum Income NAVs include net revenue in the financial year to date. All estimates are fully diluted for the effects of
warrants, convertibles or treasury shares. NAV estimations are created and maintained by Morningstar. For more
detailed methodology document please contact FD.Support@morningstar.com
Z-Statistic 1y – Shows whether the fund’s current discount is significantly higher or lower than the average over the
past year, calculated as (Current Discount – Mean) / Std Dev
Gross Gearing – The ratio of estimated gross Assets to the Net Assets, expressed as a percentage
Net Gearing – The ratio of estimated Gross Assets minus cash and fixed interest to the Net Assets, expressed as a
percentage. Cash and fixed interest represents not-equity exposure.
Total Expense Ratio – (Total Expenses – Performance Fees – Cost of Leverage – Tax – Restructuring Costs) /
Average Net Assets
6
7
8
9