JPMorgan Elect plc. is a United Kingdom-based investment trust. The Company’s objectives include Long term capital growth from investing in a range of investment trusts and open-ended funds managed principally by JPMorgan Asset Management; growth of income return with potential for long term capital growth by investing in equities, investment companies and fixed income securities, and preservation of capital with a yield based on short term interest rates by investing in a range of liquidity funds and short dated AAA-rated UK or G7 government securities hedged into sterling. The Trust invests in financials, oil and gas, consumer goods, consumer services, industrials, health care, basic materials, telecommunications, investment trusts, utilities, technology and bond funds. JPMorgan Funds Limited is the Company’s fund manager. Portfolio management is delegated by JPMorgan Funds Limited to JPMorgan Asset Management (UK) Limited.