JARE Jpmorgan Global Core Real Assets Limited

TIDMJARA TIDMJARU TIDMJARE

RNS Number : 5399Y

JPMorgan Global Core Real Assets Ld

17 January 2022

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN GLOBAL CORE REAL ASSETS LIMITED

Fee Reduction

Legal Entity Identifier: 549300D8JHZTH6GI8F97

JPMorgan Global Core Real Assets Limited ("JARA" or "the Company") has received a notification that one of the underlying strategies that it is invested in has reduced its fees as a result of the strategy reaching a certain threshold of assets under management ("AUM") and so is passing the associated economies of scale onto its investors. JARA is delighted to be able to pass this fee reduction, expected to be valid from 1 January 2022, onto its investors. The benefit of this to JARA's overall management fee is detailed below compared to the most recent fee mix as described in the 2021 annual report.

JARA's Fee mix based on net assets

 
 
 
 JARA Size        Pre Fee reductioon   Post fee reduction* 
  (Net Assets)        as per 2021 
                    annual report* 
 GBP100m                0.97%                 0.93% 
 GBP300m                0.95%                 0.91% 
 GBP500m                0.90%                 0.86% 
 GBP1,000m              0.85%                 0.81% 
 

* Based on JARA's current strategic asset allocation

Calculation based on GBP/USD exchange rate: 1/1.35

At JARA's current net assets of c.GBP206m the fee based on JARA's current strategic asset allocation would be 0.92%. To the extent JARA's allocation differs from its strategic asset allocation this may impact the total fee payable.

This is the third fee cut JARA has seen from its underlying strategies since launch and shows the benefit of being able to invest into private vehicles that provide scale, diversification and lower fees as they reach significant AUM milestones. We view this fee cut as continuing to demonstrate the strength of JARA's ability to access private institutional quality funds at an attractive fee rate.

Company Information - Fee

The total overall management fee payable to JPMAM is the aggregate of the management fee charged by the underlying strategies and the Company level management fee calculated at the rate of 0.05 per cent per annum. but does not include any performance fees charged by the underlying strategies.

17th January 2022

Alison Vincent

JPMorgan Funds Limited - Company Secretary

Telephone 0207 742 4000

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