JPMorgan Elect plc is a United Kingdom-based investment trust company. The Company offers three investment choices: Managed Growth, Managed Income and Managed Cash. The objective of the Managed Growth portfolio is to achieve long-term capital growth from investing in a range of investment trusts and open-ended funds managed principally by J.P. Morgan Asset Management. The objective of the Managed Income portfolio is to achieve a growing income return with potential for long-term capital growth by investing in equities, investment companies and fixed income securities. The objective of the Managed Cash portfolio is to provide preservation of capital with a yield based on short-term interest rates by investing in a range of sterling liquidity funds, selected for their yield and credit rating, and short dated AAA-rated United Kingdom or G7 government securities hedged into sterling. JPMorgan Funds Limited is the Alternative Investment Fund Manager of the Company.