The Jupiter Global Fund. Société d Investissement à Capital Variable (SICAV)

Transcription

1 The Jupiter Global Fund Société d Investissement à Capital Variable (SICAV) Semi-Annual Review and Unaudited Financial Statements For the six month period ended 31 March 2017 R.C.S. B

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3 Contents Contents Investment Objectives 4 Management, Administration and Independent Auditor 6 Board of Directors Report 7 Unaudited Statement of 9 Unaudited Statement of Operations and Changes in 21 Unaudited Statement of Changes in Shares Issued 25 Unaudited Statistical Information 29 Schedule of Investments Jupiter Asia Pacific Income 41 Jupiter China Select 44 Jupiter Dynamic Bond 47 Jupiter Europa (1) 71 Jupiter European Feeder (2) 81 Jupiter European Growth 82 Jupiter European Opportunities 85 Jupiter Global Absolute Return (2) 89 Jupiter Global Convertibles 99 Jupiter Global Ecology Diversified (2) 107 Jupiter Global Ecology Growth 115 Jupiter Global Emerging Markets Corporate Bond (3) 119 Jupiter Global Emerging Markets Equity Unconstrained (4) 129 Jupiter Global Equities 133 Jupiter Global Financials 136 Jupiter India Select 141 Jupiter Japan Select 146 Jupiter New Europe 148 Jupiter North American Equities (5) 151 Jupiter Strategic Total Return (2) 154 Jupiter UK Dynamic Growth (2) 164 Notes to the Financial Statements 168 Additional Information 181 Information for investors in Hong Kong 182 Subscriptions cannot be received on the basis of this report. Subscriptions can only be accepted on the basis of the current prospectus accompanied by the key investor information document or (for Hong Kong investors) key fact statements of the respective funds, supplemented by the latest annual report and semi-annual report if published thereafter. (1) With effect from 20 January 2017 this Fund is not authorised in Hong Kong and not available to Hong Kong residents. (2) This Fund is not authorised in Hong Kong and not available to Hong Kong residents. (3) Jupiter Global Emerging Markets Corporate Bond was launched on 7 March This Fund is not authorised in Hong Kong and not available to Hong Kong residents. (4) With effect from 20 March 2017 this Fund is authorised in Hong Kong and available to Hong Kong residents. (5) With effect from 21 February 2017 this Fund is not authorised in Hong Kong and not available to Hong Kong residents. 3

4 Investment Objectives The Jupiter Global Fund Jupiter Asia Pacific Income ( Jupiter Asia Pacific Income ) The Jupiter Global Fund Jupiter China Select ( Jupiter China Select ) The Jupiter Global Fund Jupiter Dynamic Bond ( Jupiter Dynamic Bond ) The Jupiter Global Fund Jupiter Europa ( Jupiter Europa ) (1) The Jupiter Global Fund Jupiter European Feeder ( Jupiter European Feeder ) (2) The Jupiter Global Fund Jupiter European Growth ( Jupiter European Growth ) The Jupiter Global Fund Jupiter European Opportunities ( Jupiter European Opportunities ) The Jupiter Global Fund Jupiter Global Absolute Return ( Jupiter Global Absolute Return ) (2) The Jupiter Global Fund Jupiter Global Convertibles ( Jupiter Global Convertibles ) The investment objective of Jupiter Asia Pacific Income is to achieve long-term capital growth and income by investing primarily in quoted companies in any economic sector involved directly or indirectly in the Asian and Pacific Region (excluding Japan). The investment objective of Jupiter China Select is to achieve long-term capital growth by investing in companies that are considered by the Investment Manager to be well positioned to benefit from secular trends associated with the environmentally, socially and economically sustainable development of Greater China. The investment objective of Jupiter Dynamic Bond is to achieve a high income with the prospect of capital growth from a portfolio of investments in global fixed interest securities. The investment objective of Jupiter Europa is to generate positive long-term returns across varying market conditions principally from a portfolio of investments in European equities and equity related securities. The investment objective of Jupiter European Feeder is to achieve long-term capital growth principally through investment in the Jupiter European Master Fund. The investment objective of Jupiter European Growth is to achieve long-term capital growth by exploiting special investment opportunities in Europe. The investment objective of Jupiter European Opportunities is to achieve long-term capital growth from investments in companies quoted on a European Stock Exchange. The investment objective of Jupiter Global Absolute Return is to generate absolute return over a three year rolling period, independent of market conditions, by investing on a global basis. The investment objective of Jupiter Global Convertibles is to achieve long-term capital growth through investment on a global basis in a diversified portfolio of convertible securities. The Jupiter Global Fund Jupiter Global Ecology Diversified ( Jupiter Global Ecology Diversified ) (2) The Jupiter Global Fund Jupiter Global Ecology Growth ( Jupiter Global Ecology Growth ) The Jupiter Global Fund Jupiter Global Emerging Markets Corporate Bond ( Jupiter Global Emerging Markets Corporate Bond ) (3) The investment objective of Jupiter Global Ecology Diversified is to generate long-term capital appreciation and income investing primarily in global equity and fixed income securities. The investment objective of Jupiter Global Ecology Growth is to generate long-term capital growth from investment worldwide in companies that are responding positively to the challenge of environmental sustainability and climate change. The investment objective of Jupiter Emerging Markets Corporate Bond is to achieve long term income and capital growth through investment in fixed interest securities of issuers exposed directly or indirectly to emerging market economies worldwide. (1) With effect from 20 January 2017 this Fund is not authorised in Hong Kong and not available to Hong Kong residents. (2) This Fund is not authorised in Hong Kong and not available to Hong Kong residents. (3) Jupiter Global Emerging Markets Corporate Bond was launched on 7 March This Fund is not authorised in Hong Kong and not available to Hong Kong residents. 4

5 Investment Objectives The Jupiter Global Fund Jupiter Global Emerging Markets Equity Unconstrained ( Jupiter Global Emerging Equity Markets Unconstrained ) (4) The Jupiter Global Fund Jupiter Global Equities ( Jupiter Global Equities ) The Jupiter Global Fund Jupiter Global Financials ( Jupiter Global Financials ) The Jupiter Global Fund Jupiter India Select ( Jupiter India Select ) The Jupiter Global Fund Jupiter Japan Select ( Jupiter Japan Select ) The Jupiter Global Fund Jupiter New Europe ( Jupiter New Europe ) The Jupiter Global Fund Jupiter North American Equities ( Jupiter North American Equities ) (5) The Jupiter Global Fund Jupiter Strategic Total Return ( Jupiter Strategic Total Return ) (2) The Jupiter Global Fund Jupiter UK Dynamic Growth ( Jupiter UK Dynamic Growth ) (2) The investment objective of Jupiter Global Emerging Markets Unconstrained is to achieve long-term capital growth through investment in equity and equity-related securities of companies exposed directly or indirectly to emerging market economies worldwide. The investment objective of Jupiter Global Equities is to achieve long-term total return principally through investment in equities on an international basis. The investment objective of Jupiter Global Financials is to achieve long-term capital growth principally through investment in equities of financial sector companies on an international basis. The investment objective of Jupiter India Select is to achieve long-term capital growth through investment primarily in India and selected opportunities in Pakistan, Bangladesh, Sri Lanka, Bhutan, Nepal and the Maldives. The investment objective of Jupiter Japan Select is to achieve long-term capital growth through investing primarily in Japan and in selected opportunities in Asia. The investment objective of Jupiter New Europe is to achieve long-term capital growth through investment primarily in Central and Eastern Europe, Russia and Turkey and, in addition, investment in non-european former member states of the Union of Soviet Socialist Republics. The investment objective of Jupiter North American Equities is to achieve long-term capital growth through investing primarily in North American securities. The investment objective of the Jupiter Strategic Total Return is to generate positive longterm returns across varying market conditions from an actively managed portfolio of different asset classes, including equities, bonds, convertible bonds, currencies and money market securities on an international basis. The investment objective of the Jupiter UK Dynamic Growth is to generate long-term capital appreciation through investing primarily in UK securities. (2) This Fund is not authorised in Hong Kong and not available to Hong Kong residents. (4) With effect from 20 March 2017 this Fund is authorised in Hong Kong and available to Hong Kong residents. (5) With effect from 21 February 2017 this Fund is not authorised in Hong Kong and not available to Hong Kong residents. 5

6 Management, Administration and Independent Auditor Management, Administration and Independent Auditor Directors Registered Office Depositary, Paying Agent and Administrator Management Company Independent Auditors Legal Advisers Investment Manager Distributor UK Representative Swiss Representative Hong Kong Representative Adrian Creedy (Chairman) Garth Lorimer Turner* Jacques Elvinger* Patrick Zurstrassen* Paula Moore 6, route de Trèves Senningerberg L-2633 Luxembourg J.P. Morgan Bank Luxembourg S.A. 6, route de Trèves Senningerberg L-2633 Luxembourg Jupiter Unit Trust Managers Limited The Zig Zag Building 70 Victoria Street London SW1E 6SQ United Kingdom Ernst & Young S.A. 35E avenue John F. Kennedy L-1855 Luxembourg Elvinger Hoss Prussen, société anonyme 2, Place Winston Churchill L-1340 Luxembourg Jupiter Asset Management Limited The Zig Zag Building 70 Victoria Street London SW1E 6SQ United Kingdom Authorised and regulated by the Financial Conduct Authority Jupiter Asset Management Limited The Zig Zag Building 70 Victoria Street London SW1E 6SQ United Kingdom Jupiter Asset Management Limited The Zig Zag Building 70 Victoria Street London SW1E 6SQ United Kingdom BNP Paribas Securities Services, Paris succursale de Zurich Selnaustrasse Zurich Switzerland JPMorgan Chase Bank, N.A. Hong Kong Branch 21/F, JPMorgan Tower 138 Shatin Rural Committee Road Shatin, New Territories Hong Kong *Independent 6

7 Board of Directors Report Board of Directors Report Structure of the Company The board of directors of the Company (the Board ) has designated Jupiter Unit Trust Managers Limited ( JUTM ) as Management Company of the Company to perform investment management, administration and marketing functions for the Company. JUTM is authorised as a management company managing UCITS governed by the UCITS Directive and is authorised and regulated by the Financial Conduct Authority of the United Kingdom. As at 31 May 2017, the Company comprised 21 funds with multiple share classes. During the current accounting year, one new fund was created, namely Jupiter Global Emerging Markets Corporate Bond. One fund, Jupiter North American Equities, was put into liquidation shortly after period end. Corporate Governance and the ALFI Code of Conduct The Board undertakes an annual review of ongoing compliance with the principles of the Code and considers that the Company has been in compliance with its principles in all material aspects throughout the financial year ended 30 September Board Composition The Board is composed of five Board members, three of them being independent from JUTM and Jupiter Asset Management Limited ( JAM ). ADRIAN CREEDY Director and Chairman Adrian Creedy (British) is the Company Secretary of Jupiter Fund Management plc and former Chief Operating Officer. He is a Solicitor of the Supreme Court of England and Wales. GARTH LORIMER TURNER Director Garth Lorimer Turner (British) is a Solicitor of the Supreme Court of England & Wales, a Solicitor of the Supreme Court of Hong Kong and a Bermuda Barrister & Attorney. He is a director of several companies, including investment funds. JACQUES ELVINGER Director Jacques Elvinger (Luxembourgish) is a partner of the Luxembourg law firm of Elvinger Hoss Prussen, société anonyme. PATRICK ZURSTRASSEN Director Patrick Zurstrassen (Belgian) is an independent director. He is honorary chairman of the European Confederation of Directors Associations. PAULA MOORE Director Paula Moore (British) is a Chartered Accountant and a member of the Institute of Chartered Accountants in England and Wales. She is a Director of JAM and a Director of JUTM. Chairman s Review The dominating news event of the past six months was the election of Donald Trump as the 45th President of the United States. That surprise victory was a catalyst for the strengthening of a market rotation that was already favouring companies sensitive to the economic cycle, such as resources companies and financials. Trump s administration is thought to be more likely to conduct fiscal stimulus through tax cuts and spending on infrastructure and defence. In Italy, the government suffered a heavy defeat in a referendum on constitutional reforms, leading to the resignation of Prime Minister Matteo Renzi. While the result did not come as a large surprise, the size of the government s defeat (59:41) certainly did. The vote threw the country into uncertainty at a time when its banking system was particularly vulnerable, and added to concerns over the rise of populism in Europe. Despite this, the market not only shrugged off the Italian referendum result, but seemed to take the view that there would now be greater certainty around how the country would deal with its struggling banking sector started with a bang The New Year began with US and UK stock markets at all-time highs and that was a theme of the first quarter as share prices generally proved resilient to any uncertainty, at least until the end of the quarter when President Trump s struggles to enact his campaign promises saw some of that market optimism dissipate. In late March, Theresa May signed a letter that formally notified the European Union of the UK s decision to leave the EU, starting a two year negotiating process to agree the terms of Brexit. The outcome of the German presidential election later this year, as well as the early general election in the UK scheduled for 8th June, will shape those discussions as the internal politics and power balances in those nations evolve. Emmanuel Macron s victory in the French presidential election removes the disruptive risk that would have been associated with a win for Marine Le Pen, but it remains to be seen what attitude Macron will take to Brexit in practice (he is notably far more pro-eu than Le Pen) and how this may influence the stance that France takes in the negotiations. Inflation on the rise Interest rates and inflation may not have gathered as many headlines as the seismic political events seen in recent months, but in investment terms they are probably no less impactful. The US Federal Reserve set the tone in December by raising interest rates from 0.5% to 0.75%: just the second rise since the start of the global financial crisis. It took this action partly because, after several years of deflationary pressures and the collapse in global commodity prices between mid-2014 and January 2016, inflation is becoming a factor again. Central banks in developed economies are targeting 2% inflation. This level has already recently been exceeded in the Eurozone, the UK and the US. Despite this, it remains to be seen whether any major developed market central bank beyond the US will increase interest rates this year. If inflation rises faster than expected (and for longer) then central banks will be faced with the delicate task of trying to keep inflation under control while not raising interest rates so quickly that economic growth is strangled in the process. 7

8 Board of Directors Report Board of Directors Report (continued) Chairman s Review (continued) All of the above means that the global economic and political backdrop remains complex and fluid. Life is rarely simple for investors, but it is at times of volatility and market uncertainty that active funds have the best opportunity to lay foundations upon which long-term outperformance can be built. At Jupiter our active philosophy empowers fund managers to invest according to their convictions and avoid becoming closet trackers that simply follow the market. I believe this approach means our portfolios are well-placed to adapt and thrive in a changing environment. Annual General Meeting The next annual general meeting of the Company will be held on 12 January 2018 at the registered office of the Company to consider matters relating to the year ended on 30 September For and on behalf of the Board Adrian Creedy Chairman Luxembourg, 16 May

9 Unaudited Statement of Unaudited Statement of as at 31 March 2017 Notes Combined Jupiter Asia Pacific Income US$ Jupiter China Select US$ Jupiter Dynamic Bond Jupiter Europa* Assets Investments in securities at cost 11,688,890,998 28,711,604 7,567,873 8,442,415,283 37,648,606 Unrealised gain/(loss) 630,568,707 1,969,223 4,773 91,668,504 5,216,656 Investments in securities at market value 2.d 12,319,459,705 30,680,827 7,572,646 8,534,083,787 42,865,262 Net unrealised gain on contracts for difference 2.e 521, ,146 Net unrealised gain on forward currency exchange contracts 2.h 1,189,148 8, ,422 Net unrealised gain on financial futures contracts 2.i 1,170 Options purchased contracts 2.g 332, ,431 Other Assets Cash and short term deposits ,483, ,157 92, ,090,100 4,421,990 Dividends receivable 2,663, ,377 9, , ,654 Interest receivable 121,277, ,985, ,036 Due from brokers 16,666,815 9,456 12,762,432 43,352 Management fee rebates 30,094 29,880 Subscriptions receivable 85,595,704 57,099,175 Accounts receivable and accrued income 8,109, ,856, ,324 Other Assets 1,072,825, , , ,924,506 4,911,356 Total Assets 13,394,329,512 31,195,889 7,684,670 9,451,008,293 48,389,617 Liabilities Net unrealised loss on contracts for difference 2.e 246,322 Net unrealised loss on credit default swap contracts 2.f 42,091,619 42,091,619 Net unrealised loss on forward currency exchange contracts 2.h 66,114,444 65,499,069 Net unrealised loss on financial futures contracts 2.i 6,768,866 6,742, Options written contracts 2.g 59,129 59,129 Due to shareholders 61,342,541 15,787 34,923,360 Bank overdraft^ 14 2,263,975 7,577 18,460 Due to brokers 393,514, ,625,405 75,975 Management and performance fees payable 3 9,380,373 24,614 9,804 5,990, ,041 Dividend distribution payable 17 27,538,701 54,737 27,295,779 27,082 Accounts payable and accrued expenses 2,134,448 5,424 1,464 1,467,671 18,862 Total Liabilities 611,454,487 92,352 27, ,635, ,094 12,782,875,025 31,103,537 7,657,615 8,889,373,096 47,807,523 ^ Includes negative cash at brokers. * With effect from 20 January 2017 this Fund is not authorised in Hong Kong and not available to Hong Kong residents. 9

10 Unaudited Statement of Unaudited Statement of as at 31 March 2017 (continued) Jupiter Asia Pacific Income Jupiter China Select Jupiter Dynamic Bond Jupiter Europa* Number of shares outstanding: 31 March 2017 Class D CHF Acc HSC 2,528,875 Class D CHF Q Inc HSC 1,374,445 Class D Acc 44,861,004 Class D B Acc 750,204 Class D Q Inc 7,706,174 Class D Q Inc Dist 6,992,093 Class D GBP Acc 1,579,180 Class D GBP Acc HSC 6,113,701 Class D GBP Q Inc HSC 16,021,581 Class D USD Acc HSC 25,218,135 Class D USD B Acc HSC 39,035 Class D USD Q Inc Dist 14,560 Class D USD Q Inc HSC 8,034,730 Class I CHF Q Inc HSC 3,101,712 Class I Acc 144,248,936 Class I Q Inc 72,937,221 Class I GBP Q Inc HSC 32,171,230 Class I USD Acc HSC 5,828,119 Class I USD Q Inc HSC 56,240,118 Class L AUD Acc HSC 1,549,228 Class L AUD M Inc HSC 2,928,052 Class L CHF Acc HSC 5,220,356 Class L CHF Q Inc HSC 1,040,316 Class L CNH Acc HSC^ 84,768 Class L A Acc 988,832 Class L Acc 6,436 84,239,653 Class L B Acc 1,461,563 Class L Q Inc 37,892,820 Class L Q Inc Dist 10,360,777 Class L GBP Acc HSC 175,770 Class L GBP A Inc 435,176 Class L GBP B Acc HSC 129,891 Class L GBP Q Inc 233,403 Class L GBP Q Inc HSC 8,251,266 Class L SEK Acc HSC 3,830,328 Class L SGD Acc HSC 3,983,701 Class L SGD M Inc HSC 16,334,338 Class L SGD Q Inc Dist HSC 106,838 (1) Class L USD Acc 59,349 12,501 Class L USD Acc HSC 61,431,419 Class L USD B Acc HSC 277,370 Class L USD M Inc HSC 74,015,268 Class L USD Q Inc Dist 40,754 Class L USD Q Inc HSC 32,840,173 (1) Launch date 3 October * With effect from 20 January 2017 this Fund is not authorised in Hong Kong and not available to Hong Kong residents. ^ The CNH classes of the Jupiter Dynamic Bond Fund may only be offered for sale or sold in Hong Kong to professional investors within the meaning of the Securities and Futures Ordinance and any rules made thereunder. 10

11 Unaudited Statement of Unaudited Statement of as at 31 March 2017 (continued) Jupiter Asia Pacific Income Jupiter China Select Jupiter Dynamic Bond Jupiter Europa* Net Asset per Share: 31 March 2017 Class D CHF Acc HSC CHF Class D CHF Q Inc HSC CHF 9.83 Class D Acc Class D B Acc Class D Q Inc Class D Q Inc Dist 9.94 Class D GBP Acc Class D GBP Acc HSC Class D GBP Q Inc HSC Class D USD Acc HSC $12.45 Class D USD B Acc HSC $11.97 Class D USD Q Inc Dist $10.63 Class D USD Q Inc HSC $10.56 Class I CHF Q Inc HSC CHF Class I Acc Class I Q Inc Class I GBP Q Inc HSC Class I USD Acc HSC $10.72 Class I USD Q Inc HSC $11.44 Class L AUD Acc HSC AUD 22.5 Class L AUD M Inc HSC AUD Class L CHF Acc HSC CHF Class L CHF Q Inc HSC CHF Class L CNH Acc HSC^ CNH Class L A Acc Class L Acc Class L B Acc Class L Q Inc Class L Q Inc Dist Class L GBP Acc HSC Class L GBP A Inc Class L GBP B Acc HSC Class L GBP Q Inc Class L GBP Q Inc HSC Class L SEK Acc HSC SEK Class L SGD Acc HSC SGD Class L SGD M Inc HSC SGD Class L SGD Q Inc Dist HSC SGD (1) Class L USD Acc $26.01 $10.75 Class L USD Acc HSC $11.98 Class L USD B Acc HSC $13.62 Class L USD M Inc HSC $10.31 Class L USD Q Inc Dist $10.13 Class L USD Q Inc HSC $11.37 (1) Launch date 3 October * With effect from 20 January 2017 this Fund is not authorised in Hong Kong and not available to Hong Kong residents. ^ The CNH classes of the Jupiter Dynamic Bond Fund may only be offered for sale or sold in Hong Kong to professional investors within the meaning of the Securities and Futures Ordinance and any rules made thereunder. 11

12 Unaudited Statement of Unaudited Statement of as at 31 March 2017 (continued) Notes Jupiter European Feeder** Jupiter European Growth Jupiter European Opportunities Jupiter Global Absolute Return** Jupiter Global Convertibles Assets Investments in securities at cost 15,565,130 1,533,502, ,197,625 85,535, ,354,943 Unrealised gain/(loss) 2,255, ,963,363 52,459,918 3,272,677 45,507,937 Investments in securities at market value 2.d 17,820,578 1,854,466, ,657,543 88,808, ,862,880 Net unrealised gain on contracts for difference 2.e Net unrealised gain on forward currency exchange contracts 2.h 551, ,808 Net unrealised gain on financial futures contracts 2.i Options purchased contracts 2.g 90,135 Other Assets Cash and short term deposits ,290 11,738,108 18,235,789 22,134,080 29,459,032 Dividends receivable 487, ,893 Interest receivable 272,390 1,125,201 Due from brokers 218 2,315,317 15,661 Management fee rebates Subscriptions receivable 94,322 1,982,993 46, ,307 22,742,100 Accounts receivable and accrued income 3,945, ,152 2,997 70,236 Other Assets 312,830 17,666,551 22,017,729 23,507,328 53,396,569 Total Assets 18,133,408 1,872,684, ,675, ,761, ,259,449 Liabilities Net unrealised loss on contracts for difference 2.e 195,416 Net unrealised loss on credit default swap contracts 2.f Net unrealised loss on forward currency exchange contracts 2.h 251,614 Net unrealised loss on financial futures contracts 2.i Options written contracts 2.g Due to shareholders 3,070 12,846, ,258 61,575 12,917,738 Bank overdraft^ 14 23,828 13,460 Due to brokers 108,604 4,031, , ,669 9,960,429 Management and performance fees payable 3 9,431 1,526, ,168 62, ,277 Dividend distribution payable 17 70,642 Accounts payable and accrued expenses 3, ,974 63,727 34,210 94,490 Total Liabilities 148,432 18,699,278 1,117, ,428 23,609,548 17,984,976 1,853,985, ,557, ,987, ,649,901 ^ Includes negative cash at brokers. ** This Fund/Class is not authorised in Hong Kong and not available to Hong Kong residents. 12

13 Unaudited Statement of Unaudited Statement of as at 31 March 2017 (continued) Jupiter European Feeder** Jupiter European Growth Jupiter European Opportunities Jupiter Global Absolute Return** Jupiter Global Convertibles Number of shares outstanding: 31 March 2017 Class D CHF Acc HSC 265,407 (2) Class D Acc 8,696, , ,604 (3) 86,042 Class D A Inc 276,638** 2,161,269 (9) Class D A Inc Dist 4,287,606 1,107,794 Class D GBP A Inc HSC 2,813,701 Class D GBP Acc 3,206,404 Class D GBP Acc HSC 858,197 (4) Class D SEK Acc HSC 206,722 (5) Class D USD A Inc HSC 1,428,674 (9) Class D USD Acc HSC 2,317, ,500 (6) Class E USD Acc 309,838** Class I CHF Acc HSC 8,784,425 Class I Acc 27,584,643 8,498,948 6,550,383 19,396,901 Class I GBP A Inc HSC 7,309,532 Class I USD Acc HSC 4,386,357 Class L CHF Acc HSC 259,750 Class L Acc 13,259,418 4,699,760 1,010, ,816 Class L A Inc Dist 1,915,165 45,355 (7) Class L GBP A Inc 837, ,096 Class L GBP A Inc HSC 20,612 Class L SEK Acc HSC 101,552 (8) Class L USD Acc HSC 7,146, ,646 (8) 91,348 Class Z Acc 1,402,457 Class Z GBP Acc 504,603 (2) Launch date 26 October (3) Launch date 18 November (4) Launch date 3 March (5) Launch date 9 March (6) Launch date 10 March (7) Launch date 17 February (8) Launch date 15 February (9) Launch date 24 February ** This Fund/Class is not authorised in Hong Kong and not available to Hong Kong residents. 13

14 Unaudited Statement of Unaudited Statement of as at 31 March 2017 (continued) Jupiter European Feeder** Jupiter European Growth Jupiter European Opportunities Jupiter Global Absolute Return** Jupiter Global Convertibles Net Asset per Share: 31 March 2017 Class D CHF Acc HSC CHF 9.94 (2) Class D Acc (3) Class D A Inc 11.05** (9) Class D A Inc Dist Class D GBP A Inc HSC Class D GBP Acc Class D GBP Acc HSC (4) Class D SEK Acc HSC SEK (5) Class D USD A Inc HSC $10.08 (9) Class D USD Acc HSC $14.19 $10.03 (6) Class E USD Acc $10.16** Class I CHF Acc HSC CHF Class I Acc Class I GBP A Inc HSC Class I USD Acc HSC $13.53 Class L CHF Acc HSC CHF Class L Acc Class L A Inc Dist (7) Class L GBP A Inc Class L GBP A Inc HSC Class L SEK Acc HSC SEK (8) Class L USD Acc HSC $14.88 $9.97 (8) $12.83 Class Z Acc 9.94 Class Z GBP Acc (2) Launch date 26 October (3) Launch date 18 November (4) Launch date 3 March (5) Launch date 9 March (6) Launch date 10 March (7) Launch date 17 February (8) Launch date 15 February (9) Launch date 24 February ** This Fund/Class is not authorised in Hong Kong and not available to Hong Kong residents. 14

15 Unaudited Statement of Unaudited Statement of as at 31 March 2017 (continued) Notes Jupiter Global Ecology Diversified** Jupiter Global Ecology Growth Jupiter Global Emerging Markets Corporate Bond*** US$ Jupiter Global Emerging Markets Equity Unconstrained **** US$ Jupiter Global Equities US$ Jupiter Global Financials Assets Investments in securities at cost 9,658,898 7,524,547 95,777,292 27,313, ,935,762 57,316,620 Unrealised gain/(loss) 542,043 2,380, ,457 1,562,724 16,500,314 6,394,588 Investments in securities at market value 2.d 10,200,941 9,905,433 96,012,749 28,876, ,436,076 63,711,208 Net unrealised gain on contracts for difference 2.e 282,043 Net unrealised gain on forward currency exchange contracts 2.h 116,126 27, Net unrealised gain on financial futures contracts 2.i 1,170 Options purchased contracts 2.g Other Assets Cash and short term deposits , ,606 3,492, ,428 9,590,538 5,042,924 Dividends receivable 9,518 20,025 4, , , ,299 Interest receivable 56,707 1,183, Due from brokers 300,060 45, ,361 Management fee rebates 229 Subscriptions receivable ,183 Accounts receivable and accrued income 1,370 8,097 30,889 79,780 Other Assets 763, ,483 4,980, ,110 10,269,384 5,753,628 Total Assets 11,081,304 10,437, ,020,702 29,483, ,705,460 69,747,487 Liabilities Net unrealised loss on contracts for difference 2.e Net unrealised loss on credit default swap contracts 2.f Net unrealised loss on forward currency exchange contracts 2.h Net unrealised loss on financial futures contracts 2.i Options written contracts 2.g Due to shareholders 27,638 49,158 Bank overdraft^ ,275 2 Due to brokers 99, ,000 72, ,702 Management and performance fees payable 3 6,321 12,914 42,697 18, ,075 86,187 Dividend distribution payable 17 35,561 54,915 Accounts payable and accrued expenses 2,026 2,147 9,197 4,957 28,030 26,888 Total Liabilities 144,264 42, ,894 97, , ,852 10,937,040 10,395, ,468,808 29,385, ,542,355 69,150,635 ^ Includes negative cash at brokers. ** This Fund/Class is not authorised in Hong Kong and not available to Hong Kong residents. *** Jupiter Global Emerging Markets Corporate Bond was launched on 7 March This Fund is not authorised in Hong Kong and not available to Hong Kong residents. **** With effect from 20 March 2017 this Fund is authorised in Hong Kong and available to Hong Kong residents. 15

16 Unaudited Statement of Unaudited Statement of as at 31 March 2017 (continued) Jupiter Global Ecology Diversified** Jupiter Global Ecology Growth Jupiter Global Emerging Markets Corporate Bond*** Jupiter Global Emerging Markets Equity Unconstrained **** Jupiter Global Equities Jupiter Global Financials Number of shares outstanding: 31 March 2017 Class D A Inc Dist 3,324 Class D Acc 118,080 (13) Class D GBP Acc 25,000 (11) 29,999 Class D GBP Acc HSC 112,666 Class D GBP Q Inc Dist HSC 87,500 Class D USD Acc 2,674, ,560 Class I Acc 25,000 Class I GBP Acc 14,490,641 (12) Class I GBP Acc HSC 87,500 Class I GBP Q Inc Dist HSC 536,650 Class I USD Acc 1,000,000 (10) Class L Acc 68, ,343 65,912 1,173,351 Class L A Inc Dist 54,414 Class L GBP A Inc 85, , ,013 Class L USD Acc 132,412 38,075 66,384 3,940,963 Class L USD Acc HSC 130,291 ** (10) Launch date 7 March (11) Launch date 14 November (12) Launch date 25 October (13) Launch date 9 March ** This Fund/Class is not authorised in Hong Kong and not available to Hong Kong residents. *** Jupiter Global Emerging Markets Corporate Bond was launched on 7 March This Fund is not authorised in Hong Kong and not available to Hong Kong residents. **** With effect from 20 March 2017 this Fund is authorised in Hong Kong and available to Hong Kong residents. 16

17 Unaudited Statement of Unaudited Statement of as at 31 March 2017 (continued) Jupiter Global Ecology Diversified** Jupiter Global Ecology Growth Jupiter Global Emerging Markets Corporate Bond*** Jupiter Global Emerging Markets Equity Unconstrained **** Jupiter Global Equities Jupiter Global Financials Net Asset per Share: 31 March 2017 Class D A Inc Dist Class D Acc 9.94 (13) Class D GBP Acc (11) Class D GBP Acc HSC Class D GBP Q Inc Dist HSC Class D USD Acc $10.84 $10.78 Class I Acc Class I GBP Acc (12) Class I GBP Acc HSC Class I GBP Q Inc Dist HSC Class I USD Acc $ (10) Class L Acc Class L A Inc Dist Class L GBP A Inc Class L USD Acc $9.91 $10.67 $16.07 $10.17 Class L USD Acc HSC $10.63** (10) Launch date 7 March (11) Launch date 14 November (12) Launch date 25 October (13) Launch date 9 March ** This Fund/Class is not authorised in Hong Kong and not available to Hong Kong residents. *** Jupiter Global Emerging Markets Corporate Bond was launched on 7 March This Fund is not authorised in Hong Kong and not available to Hong Kong residents. **** With effect from 20 March 2017 this Fund is authorised in Hong Kong and available to Hong Kong residents. 17

18 Unaudited Statement of Unaudited Statement of as at 31 March 2017 (continued) Notes Jupiter India Select US$ Jupiter Japan Select US$ Jupiter New Europe Jupiter North American Equities ***** US$ Jupiter Strategic Total Return** Jupiter UK Dynamic Growth** Assets Investments in securities at cost 254,453,086 29,388,485 3,464,582 3,364,728 71,521,275 3,414,821 Unrealised gain/(loss) 78,926,073 3,950, ,466 1,033, , ,629 Investments in securities at market value 2.d 333,379,159 33,338,840 4,265,048 4,398,720 72,383,861 3,698,450 Net unrealised gain on contracts for difference 2.e Net unrealised gain on forward currency exchange contracts 2.h Net unrealised gain on financial futures contracts 2.i Options purchased contracts 2.g Other Assets Cash and short term deposits 12 3,688, , , ,954 1,901, ,280 Dividends receivable 414, ,580 3,229 30,842 3,592 Interest receivable 524,525 Due from brokers 640, ,687 21,725 Management fee rebates Subscriptions receivable 2,574,445 79,023 Accounts receivable and accrued income 5,136 9,506 46,267 Other Assets 7,322,935 1,197, , ,183 2,604, ,872 Total Assets 340,702,094 34,536,039 4,408,581 5,042,903 74,987,941 3,900,322 Liabilities Net unrealised loss on contracts for difference 2.e 50,906 Net unrealised loss on credit default swap contracts 2.f Net unrealised loss on forward currency exchange contracts 2.h 363,761 Net unrealised loss on financial futures contracts 2.i 26,234 Options written contracts 2.g Due to shareholders 93,181 1,538 Bank overdraft^ 14 2,345, Due to brokers 32,397 Management and performance fees payable 3 280,938 43,840 5,551 6,082 47,274 3,166 Dividend distribution payable 17 3,476 Accounts payable and accrued expenses 59,882 6, , Total Liabilities 2,779,083 50,383 7,959 7, ,834 3, ,923,011 34,485,656 4,400,622 5,035,885 74,449,107 3,896,481 ^ Includes negative cash at brokers. ** This Fund is not authorised in Hong Kong and not available to Hong Kong residents. ***** With effect from 21 February 2017 this Fund is not authorised in Hong Kong and not available to Hong Kong residents. 18

19 Unaudited Statement of Unaudited Statement of as at 31 March 2017 (continued) Jupiter India Select Jupiter Japan Select Jupiter New Europe Jupiter North American Equities ***** Jupiter Strategic Total Return** Jupiter UK Dynamic Growth** Number of shares outstanding: 31 March 2017 Class D Acc 273,579 48,869 Class D A Inc Dist 387,539 Class D GBP Acc 250,000 Class D USD Acc 17,001,298 22,289 49,238 Class I CHF Acc HSC 1,510 Class I Acc 4,133,945 Class I GBP Acc HSC 137,366 Class I USD Acc HSC 1,243,551 Class L CHF Acc HSC 14,673 Class L Acc 644,214 2, ,899 19, ,806 Class L A Inc Dist 42,748 Class L GBP A Inc 166,869 1,165, ,928 63,568 Class L GBP Acc 100,000 Class L GBP Acc HSC 9,161 Class L USD A Inc 418,563 Class L USD Acc 321,762 9,564 85,970 Class L USD Acc HSC 808,095 ** This Fund is not authorised in Hong Kong and not available to Hong Kong residents. ***** With effect from 21 February 2017 this Fund is not authorised in Hong Kong and not available to Hong Kong residents. 19

20 Unaudited Statement of Unaudited Statement of as at 31 March 2017 (continued) Jupiter India Select Jupiter Japan Select Jupiter New Europe Jupiter North American Equities ***** Jupiter Strategic Total Return** Jupiter UK Dynamic Growth** Net Asset per Share: 31 March 2017 Class D Acc Class D A Inc Dist 9.94 Class D GBP Acc Class D USD Acc $13.46 $11.74 $11.91 Class I CHF Acc HSC CHF Class I Acc Class I GBP Acc HSC Class I USD Acc HSC $11.12 Class L CHF Acc HSC CHF Class L Acc Class L A Inc Dist 9.91 Class L GBP A Inc Class L GBP Acc Class L GBP Acc HSC Class L USD A Inc $ Class L USD Acc $15.42 $5.95 $21.45 Class L USD Acc HSC $10.66 ** This Fund is not authorised in Hong Kong and not available to Hong Kong residents. ***** With effect from 21 February 2017 this Fund is not authorised in Hong Kong and not available to Hong Kong residents. 20

21 Unaudited Statement of Operations and Changes in Unaudited Statement of Operations and Changes in for the six month period ended 31 March 2017 Income Notes Combined Jupiter Asia Pacific Income US$ Jupiter China Select US$ Jupiter Dynamic Bond Jupiter Europa* Income from investments, net 2.j, 8 185,007, ,747 37, ,746, ,557 Management fee rebates 30,403 29,880 Deposit interest 2.j 33, ,029 4,136 Total Income 185,071, ,757 37, ,795, ,693 Expenses 2.k Bank charges and interest 1,395, ,094,973 49,721 Investment management fees 3 48,304, ,859 56,046 30,828, ,684 Aggregate operating fee 4 9,900,680 32,034 8,218 6,491,789 69,302 Performance fees 3 323, ,705 Other expenses 10, , Total Expenses 59,934, ,982 64,286 38,420, ,479 Net Operating Income/(Loss) for the Period 125,137, ,775 (27,145) 128,374,181 (559,786) Net Realised Gains/(Losses) on: Investments in securities 2.d 197,514, ,101 (366,696) 62,482, ,817 Contracts for difference 2.e (1,199,819) 1,496,913 Credit default swap contracts 2.f (7,719,744) (7,719,744) Options 2.g (11,159,868) (9,486,781) (1,625,076) Forward currency exchange contracts 2.h 255,816,610 (28,381) (1,446) 238,105, ,989 Financial futures contracts 2.i (3,049,090) (1,994,792) 3,267 exchange transactions 2.c (163,089,161) 3,515 2,099 (153,740,767) (159,379) Total Net Realised Gains/(Losses) 267,113, ,235 (366,043) 127,645, ,531 Net Change in Unrealised Gain/(Loss) on: Investments in securities 2.d 178,104, , ,686 42,278,658 3,314,303 Contracts for difference 2.e (33,151) 311,659 Credit default swap contracts 2.f (22,924,492) (22,924,492) Options 2.g 8,630,293 8,979,352 (302,230) Forward currency exchange contracts 2.h (82,109,107) 8,514 (79,152,745) (124,601) Financial futures contracts 2.i 371, ,939 (545) Total Change in Unrealised Gain/(Loss) on Investments and Derivatives 82,039, , ,686 (50,513,288) 3,198,586 Net Increase/(Decrease) in from Operations 474,290, , , ,506,533 2,846,331 Capital transactions Received on issue of shares 4,159,542,579 1,377, ,799 3,276,421, ,524 Paid on redemptions of shares (2,460,729,890) (4,292,310) (661,090) (1,386,841,096) (15,604,927) Dividend distributions 17 (62,557,411) (106,188) (62,397,189) Total Increase/(Decrease) in for the Period 2,110,545,447 (2,110,730) (69,793) 2,032,689,845 (11,966,072) translation adjustment 2.b 16,823,253 Beginning of the Period 10,655,506,325 33,214,267 7,727,408 6,856,683,251 59,773,595 End of the Period 12,782,875,025 31,103,537 7,657,615 8,889,373,096 47,807,523 * With effect from 20 January 2017 this Fund is not authorised in Hong Kong and not available to Hong Kong residents. 21

22 Unaudited Statement of Operations and Changes in Unaudited Statement of Operations and Changes in for the six month period ended 31 March 2017 (continued) Notes Jupiter European Feeder** Jupiter European Growth Jupiter European Opportunities Jupiter Global Absolute Return** Jupiter Global Convertibles Income Income from investments, net 2.j, 8 9,044,556 1,730, , ,285 Management fee rebates Deposit interest 2.j ,572 Total Income 9,045,025 1,730, , ,285 Expenses 2.k Bank charges and interest , ,969 53,663 Investment management fees 3 53,235 9,514,709 1,989, ,420 1,724,573 Aggregate operating fee 4 16,379 1,803, ,221 90, ,118 Performance fees 3 Other expenses 18 2, Total Expenses 70,181 11,341,189 2,352, ,890 2,142,856 Net Operating Income/(Loss) for the Period (70,181) (2,296,164) (621,915) (114,250) (1,838,571) Net Realised Gains/(Losses) on: Investments in securities 2.d 283,859 73,900,512 25,431, ,036 14,657,463 Contracts for difference 2.e (2,814,583) Credit default swap contracts 2.f Options 2.g (24,627) Forward currency exchange contracts 2.h 14,603 12,370, ,448 (408,543) 5,241,646 Financial futures contracts 2.i 2,690 (304,128) exchange transactions 2.c (14,154) (4,540,754) (341,704) (76,275) (4,320,990) Total Net Realised Gains/(Losses) 284,308 81,730,243 25,332,925 (3,193,302) 15,273,991 Net Change in Unrealised Gain/(Loss) on: Investments in securities 2.d 742,215 63,458,178 16,022,560 3,003,749 9,957,669 Contracts for difference 2.e (402,005) Credit default swap contracts 2.f Options 2.g (53,942) Forward currency exchange contracts 2.h (392,073) 350,710 (2,216,969) Financial futures contracts 2.i (107,367) Total Change in Unrealised Gain/(Loss) on Investments and Derivatives 742,215 63,066,105 16,022,560 2,898,512 7,633,333 Net Increase/(Decrease) in from Operations 956, ,500,184 40,733,570 (409,040) 21,068,753 Capital transactions Received on issue of shares 2,909, ,889,867 25,755,894 72,972, ,118,048 Paid on redemptions of shares (2,772,726) (779,990,738) (145,101,247) (24,026,833) (34,835,724) Dividend distributions 17 Total Increase/(Decrease) in for the Period 1,092,670 (437,600,687) (78,611,783) 48,536, ,351,077 translation adjustment 2.b Beginning of the Period 16,892,306 2,291,585, ,169,448 63,450, ,298,824 End of the Period 17,984,976 1,853,985, ,557, ,987, ,649,901 ** This Fund is not authorised in Hong Kong and not available to Hong Kong residents. 22

23 Unaudited Statement of Operations and Changes in Unaudited Statement of Operations and Changes in for the six month period ended 31 March 2017 (continued) Notes Jupiter Global Ecology Diversified** Jupiter Global Ecology Growth Jupiter Global Emerging Markets Corporate Bond*** US$ Jupiter Global Emerging Markets Equity Unconstrained **** US$ Jupiter Global Equities US$ Jupiter Global Financials Income Income from investments, net 2.j, 8 88,205 49, , ,067 1,401, ,502 Management fee rebates 559 Deposit interest 2.j ,010 Total Income 88,236 49, , ,638 1,401, ,512 Expenses 2.k Bank charges and interest 1, ,906 6,873 62,844 Investment management fees 3 35,256 76,242 42, , , ,040 Aggregate operating fee 4 8,930 11,204 9,197 27, ,813 70,387 Performance fees 3 Other expenses Total Expenses 45,926 87,542 51, , , ,345 Net Operating Income/(Loss) for the Period 42,310 (38,258) 169, , ,117 (282,833) Net Realised Gains/(Losses) on: Investments in securities 2.d 22, ,242 59,777 (534,778) 754,477 6,487,988 Contracts for difference 2.e 337,969 Credit default swap contracts 2.f Options 2.g (23,384) Forward currency exchange contracts 2.h (200,303) (11,782) (19,539) (1,026) (961,444) 78,324 Financial futures contracts 2.i 33,995 (13,993) exchange transactions 2.c (6,354) 26,121 (4,050) 14, ,568 (85,502) Total Net Realised Gains/(Losses) (173,182) 204,581 36,188 (521,463) 720,601 6,804,786 Net Change in Unrealised Gain/(Loss) on: Investments in securities 2.d 345, , ,457 1,675,431 15,704, ,782 Contracts for difference 2.e 110,257 Credit default swap contracts 2.f Options 2.g 7,113 Forward currency exchange contracts 2.h 66,304 27,356 (4,109) Financial futures contracts 2.i 5,157 Total Change in Unrealised Gain/(Loss) on Investments and Derivatives 423, , ,813 1,675,431 15,704, ,930 Net Increase/(Decrease) in from Operations 292, , ,808 1,300,007 17,088,546 6,864,883 Capital transactions Received on issue of shares 498,359 1,238, ,000, , ,410,511 14,583,516 Paid on redemptions of shares (150,830) (1,751,819) (291,078) (2,631,015) (11,434,326) Dividend distributions 17 (60,806) Total Increase/(Decrease) in for the Period 579, , ,468,808 1,170, ,868,042 10,014,073 translation adjustment 2.b Beginning of the Period 10,357,462 10,082,464 28,215,117 9,674,313 59,136,562 End of the Period 10,937,040 10,395, ,468,808 29,385, ,542,355 69,150,635 ** This Fund is not authorised in Hong Kong and not available to Hong Kong residents. *** Jupiter Global Emerging Markets Corporate Bond was launched on 7 March This Fund is not authorised in Hong Kong and not available to Hong Kong residents. **** With effect from 20 March 2017 this Fund is authorised in Hong Kong and available to Hong Kong residents. 23

24 Unaudited Statement of Operations and Changes in Unaudited Statement of Operations and Changes in for the six month period ended 31 March 2017 (continued) Notes Jupiter India Select US$ Jupiter Japan Select US$ Jupiter New Europe Jupiter North American Equities ***** US$ Jupiter Strategic Total Return** Jupiter UK Dynamic Growth** Income Income from investments, net 2.j, 8 2,816, ,262 23,191 37, ,561 25,524 Management fee rebates Deposit interest 2.j Total Income 2,816, ,262 23,192 37, ,571 25,524 Expenses 2.k Bank charges and interest 1, ,152 Investment management fees 3 1,543, ,003 31,718 33, ,470 17,491 Aggregate operating fee 4 301,718 37,851 4,652 5,230 89,262 3,735 Performance fees 3 Other expenses Total Expenses 1,847, ,302 36,598 39, ,983 21,226 Net Operating Income/(Loss) for the Period 968,637 53,960 (13,406) (1,998) 375,588 4,298 Net Realised Gains/(Losses) on: Investments in securities 2.d 12,210,678 1,430, ,485 49, ,164 64,168 Contracts for difference 2.e (220,118) Credit default swap contracts 2.f Options 2.g Forward currency exchange contracts 2.h (23,518) (28,611) (661) (1,906) 1,124,327 Financial futures contracts 2.i 25,985 (800,457) exchange transactions 2.c (218,488) (55,352) (147) (121) (459,086) 4,602 Total Net Realised Gains/(Losses) 11,994,657 1,346, ,677 47, ,830 68,770 Net Change in Unrealised Gain/(Loss) on: Investments in securities 2.d 19,535,454 (804,447) 412, ,591 1,787, ,107 Contracts for difference 2.e (53,062) Credit default swap contracts 2.f Options 2.g Forward currency exchange contracts 2.h (669,206) Financial futures contracts 2.i 167,864 Total Change in Unrealised Gain/(Loss) on Investments and Derivatives 19,535,454 (804,447) 412, ,591 1,233, ,107 Net Increase/(Decrease) in from Operations 32,498, , , ,833 1,760, ,175 Capital transactions Received on issue of shares 46,823, , , ,543 2,577,882 Paid on redemptions of shares (34,575,017) (1,941,346) (589,565) (252,696) (15,372,539) Dividend distributions 17 Total Increase/(Decrease) in for the Period 44,747,355 (972,228) 530, ,680 (11,034,130) 428,175 translation adjustment 2.b Beginning of the Period 293,175,656 35,457,884 3,870,012 4,507,205 85,483,237 3,468,306 End of the Period 337,923,011 34,485,656 4,400,622 5,035,885 74,449,107 3,896,481 ** This Fund is not authorised in Hong Kong and not available to Hong Kong residents. ***** With effect from 21 February 2017 this Fund is not authorised in Hong Kong and not available to Hong Kong residents. 24

25 Unaudited Statement of Changes in Shares Issued Unaudited Statement of Changes in Shares Issued for the six month period ended 31 March 2017 Shares oustanding at beginning of period Shares issued Shares redeemed Shares outstanding at end of period Jupiter Asia Pacific Income Class D GBP Acc 1,722,750 (143,570) 1,579,180 Class D USD Q Inc Dist 14,560 14,560 Class L GBP Q Inc 267,725 4,842 (39,164) 233,403 Class L SGD Q Inc Dist HSC (1) 106, ,838 Class L USD Acc 101,327 16,362 (58,340) 59,349 Class L USD Q Inc Dist 30,577 10,177 40,754 Jupiter China Select Class L Acc 10, (4,821) 6,436 Class L GBP A Inc 446,429 10,583 (21,836) 435,176 Class L USD Acc 14,706 21,091 (23,296) 12,501 Jupiter Dynamic Bond Class D CHF Acc HSC 2,102, ,581 (314,640) 2,528,875 Class D CHF Q Inc HSC 369,500 1,008,845 (3,900) 1,374,445 Class D Acc 32,008,027 21,199,709 (8,346,732) 44,861,004 Class D Q Inc 5,492,787 3,249,329 (1,035,942) 7,706,174 Class D Q Inc Dist 3,174,653 3,963,619 (146,179) 6,992,093 Class D GBP Acc HSC 4,428,990 2,072,641 (387,930) 6,113,701 Class D GBP Q Inc HSC 15,933,968 2,684,653 (2,597,040) 16,021,581 Class D USD Acc HSC 22,251,793 6,680,338 (3,713,996) 25,218,135 Class D USD Q Inc HSC 7,693,211 2,037,291 (1,695,772) 8,034,730 Class I CHF Q Inc HSC 2,642, ,753 (186,094) 3,101,712 Class I Acc 81,315,806 79,512,180 (16,579,050) 144,248,936 Class I Q Inc 69,301,574 12,164,152 (8,528,505) 72,937,221 Class I GBP Q Inc HSC 36,793,506 7,155,272 (11,777,548) 32,171,230 Class I USD Acc HSC 4,254,959 4,753,976 (3,180,816) 5,828,119 Class I USD Q Inc HSC 53,314,481 7,847,919 (4,922,282) 56,240,118 Class L AUD Acc HSC 1,200, ,984 (75,265) 1,549,228 Class L AUD M Inc HSC 2,571, ,024 (268,590) 2,928,052 Class L CHF Acc HSC 4,427,603 1,266,490 (473,737) 5,220,356 Class L CHF Q Inc HSC 844, ,811 (194,421) 1,040,316 Class L CNH Acc HSC^ 69,825 29,943 (15,000) 84,768 Class L Acc 51,889,755 48,939,851 (16,589,953) 84,239,653 Class L Q Inc 29,435,671 12,399,194 (3,942,045) 37,892,820 Class L Q Inc Dist 7,273,826 3,832,291 (745,340) 10,360,777 Class L GBP Acc HSC 100,000 76,243 (473) 175,770 Class L GBP Q Inc HSC 6,883,023 2,413,496 (1,045,253) 8,251,266 Class L SEK Acc HSC 3,577, ,253 (570,827) 3,830,328 Class L SGD Acc HSC 2,983,640 1,176,167 (176,106) 3,983,701 Class L SGD M Inc HSC 12,505,510 6,956,452 (3,127,624) 16,334,338 Class L USD Acc HSC 54,691,009 16,892,337 (10,151,927) 61,431,419 Class L USD M Inc HSC 60,503,787 26,810,227 (13,298,746) 74,015,268 Class L USD Q Inc HSC 34,791,968 6,222,360 (8,174,155) 32,840,173 (1) Launch date 3 October (2) Launch date 26 October (3) Launch date 18 November (4) Launch date 3 March (5) Launch date 9 March (6) Launch date 10 March (7) Launch date 17 February (8) Launch date 15 February (9) Launch date 24 February (10) Launch date 7 March (11) Launch date 14 November (12) Launch date 25 October (13) Launch date 9 March ^ The CNH classes of the Jupiter Dynamic Bond Fund may only be offered for sale or sold in Hong Kong to professional investors within the meaning of the Securities and Futures Ordinance and any rules made thereunder. 25