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JPMorgan Global Core Real AssetsAnnouncement

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RNS Number : 7972W  JPMorgan Global Core Real Assets Ld  16 March 2026

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

JPMORGAN GLOBAL CORE REAL ASSETS LIMITED

("JARA" or the "Company")

 

QUARTERLY NET ASSET VALUE AND PORTFOLIO UPDATE

 

 

Legal Entity Identifier: 549300D8JHZTH6GI8F97

 

 

Net Asset Value

The Company announces its unaudited Net Asset Value ("NAV") as at 28th
February 2026 of 94.44 pence per share (30th November 2025: NAV 95.42 pence
per share). In line with the Company's previously stated policy, the Company
paid no dividend during the three-month period to 28th February 2026. The NAV
total return for the quarter is -1.0% and -0.5% for the preceding 12 months,
while the total share price return for the 12 months to 28th February 2026 was
-8.6%.

 

A snapshot of the components to this NAV and the relevant date for their
valuation is provided below.

 

Strategies

 Name                                                  Date of price for Strategy  % of JARA's NAV as at 28th February 2026
 Real Estate Equity - US                               31st December 2025          49.8%
 Real Estate Equity - Asia Pacific                     31st December 2025          38.9%
 Infrastructure                                        31st December 2025          4.1%
 Transportation                                        30th September 2025         1.2%
 Net current assets including cash - held in Sterling  28th February 2026          6.0%

 

During the three months to 28th February 2026, all strategies delivered
positive returns in local currency terms, with Real Estate Equity - US
contributing +0.6%, and Real Estate Equity - Asia contributing +0.3%, and
Infrastructure contributing minimally due to its limited remaining
allocation(1). During the quarter, Sterling strengthened against the US
dollar(2) and the underlying currencies in the portfolio, resulting in a net
negative currency impact over the Company's quarter to 28th February 2026.

 

(1)The local return contribution is calculated based on the NAV snapshot as of
28 February 2026, excluding cash held in JPM Liquidity Funds.

(2)The GBP/USD exchange rate was 1.34445 as at 28th February 2026, versus
1.32500 as at 30th November 2025. Currency impact does not factor in an
offsetting gain/loss from the hedged infrastructure strategy, which is priced
as at 31st December 2025.

 

Issued Share Capital

As at 28th February 2026, there were 53,630,307 shares in issue.

 

Portfolio Construction

As at 28th February 2026, the Company's portfolio was valued at £51.4 million
(including cash held in JPM Liquidity Funds).

 

 

Geographical exposure percentage of NAV(3)

 

                31.08.25  30.11.25  28.02.26
 North America  48%       47%       56%
 Asia Pacific   46%       47%       42%
 Europe         6%        6%        2%
 UK             ~0%       ~0%       ~0%
 Total          100%      100%      100%

 

(3) As at 28th February 2026. Numbers may not sum due to rounding.

 

Private Asset Portfolio Metrics

Please see below for the metrics of JARA's private investments. As at 28th
February 2026, private asset exposure represented 94% of JARA's NAV.

 

Investments

·    327 private investments and, at a more granular individual asset
level, look through exposure to 1,465 individual assets. (30th November 2025:
326 private investments and 1,454 individual assets).

 

              31.08.25  30.11.25  28.02.26
 Investments  326       326       327
 Assets       1,445     1,454     1,465

 

 

Currency

 

The main currency exposures(4) of the portfolio are as follows:

 

 Currency          31.08.25  30.11.25  28.02.26
 USD               54%       56%       56%
 JPY               12%       12%       11%
 AUD               9%        9%        9%
 SGD               9%        9%        9%
 CNH               5%        5%        4%
 NZD               4%        4%        4%
 GBP               4%        3%        4%

 

(4) Other currencies represent approximately 3% in aggregate. Numbers may not
sum to 100% due to rounding.

 

16th March 2026

 

For Further Information

 

JPMorgan Funds Limited - Company Secretary

Telephone: 0800 20 40 20 or +44 1268 44 44 70

E-mail: jpmam.investment.trusts@jpmorgan.com
(mailto:jpmam.investment.trusts@jpmorgan.com)

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