JPMorgan Elect plc is a United Kingdom-based investment trust. The Company�s investment objectives are long-term capital growth from investing in a range of investment trusts and open-ended funds; growth of income 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 United Kingdom government securities and G7 Government securities hedged into sterling. Some of the sectors in which the Company invests include financials, consumer goods, oil & gas and telecommunications. As of August 31, 2012, the Company�s investment portfolio included JPMorgan Claverhouse Investment Trust plc, JPMorgan UK Dynamic, JPMorgan American Investment Trust plc, JPMorgan US Select Equity and JPMorgan US Growth. The manager and company secretary is JPMorgan Asset Management (UK) Limited (JPMAM).