About JN Mutual Funds

    With a suite of six investment portfolios, each with a distinct financial profile, JN Mutual Funds offers a premium opportunity for you, the investor, to align your personal financial strategy with your goals, time horizons and risk preference.

    Using a single fund or a combination of two or more, you can create a solution that is tailored to meet your financial priorities and achieve your plan to build wealth.

    Useful Links

    Mutual Fund Portfolios

    This fund is suited for the investor who seeks above average current income returns and who has an interest in the preservation of his initial capital.

    • Initial minimum subscription is J$10,000
    • No subscription fees
    • Redemptions available daily

    Funds are invested in local and global money market instruments such as treasury bills, certificates of deposit and commercial paper.

    This Fund seeks to provide a safe environment for the low risk-taker who needs income from his investment and protection for his capital.

    • Initial minimum subscription is US$1,000
    • No subscription fees
    • Redemptions available daily

    The Funds are invested in local and global money market instruments.

    This Fund seeks to provide peace of mind for persons with medium risk appetite and is ideal for corporate investors seeking to diversify their portfolios.

    The GFIF invests in Jamaican and US dollar denominated securities and offers a measure of protection from devaluation.

    • Initial minimum subscription is J$50,000
    • Minimum investment period is 90 days
    • Redemptions available daily after initial investment period

    One of five portfolio components of JN Mutual Funds, the Global Fixed Income Fund invests in regional sovereign debt securities, local and international corporate bonds and real estate.

    The Fund invests primarily in fixed income securities and high yielding stocks and structured products providing access to local and international markets. US dollar denominated bonds offer some measure of protection against devaluation.

    • Initial minimum subscription is $50,000
    • Minimum investment period is 90 days
    • Redemptions available daily after initial investment period

    The Global Diversified Income Fund is one of five portfolio components of JN Mutual Funds. The Fund’s objective is to provide long-term growth through exposure to a wide range of assets.

    This Fund provides long-term capital growth and risk diversification through access to the local and international equity markets. The Fund is suited to the investor who seeks some protection from inflation. Ideally, this investor should have a medium to long-term investment outlook.

    Other features include:

    • Initial Minimum subscription is $50,000
    • Minimum investment period is 90 days
    • Redemptions available daily after initial investment period

    One of five portfolio components of JN Mutual Funds, the Global Equity Fund invests in the shares of local and international companies which offer strong growth possibilities and consistent income.

    The Global US Dollar Fixed Income Fund will be attractive to those investors who would not normally be able to purchase individual bonds because of the minimum amount required to do so. It will also be attractive to current investors in Repurchase Agreements who wish to diversify their portfolios and gain the potential for increased returns. Accordingly, the minimum investment in the new Global US Dollar Fixed Income Fund is US$10,000.

    How do I invest in JN Mutual Funds?

    Shares are available for purchase at the offices of JN Fund Managers Limited or any JN Bank branch islandwide.

    Simply complete a Subscription Form, pay the minimum subscription amount and shares will be allocated to you at the prevailing share price. Subscription Forms are available from JN Fund Managers Limited’s offices, JN Bank branches or may be downloaded HERE.

    You will need to provide the following documentation:

    • Government issued photo ID
    • Two letters of reference/recommendation
    • Proof of address
    • Your Taxpayer registration number (TRN)

    Consultations are as important to us as they are to you. Our financial advisors will be happy to address all your queries about JN Mutual Funds and the management of your portfolio.

    NAV Prices

    JN Mutual FundsDateNAV Price12 Months Growth Rate% Cal
    YTD Inc.
    Yield (Estimated Yearly Income)
    Global Diversified Income13/11/201812.898815.92%9.79%2.82%
    Global Equity13/11/201812.85398.95%10.62%0.00%
    Global Fixed Income13/11/201811.25777.15%4.97%4.83%
    Global Money Market13/11/201810.05860.71%0.59%1.15%
    Global US Dollar Fixed Income13/11/2018 9.9009-
    -0.99%3.37%
    Local Money Market13/11/201810.31403.66%3.14%2.10%

    Legend: E- Equity, F – Fixed Income     *Tax-free  (special conditions apply)   **Fund return is from March 5, 2018

    Please be advised that effective January 1, 2018, the Net Asset Value (NAV) for the Local Money Market and Global Money Market Funds are no longer fixed, and now varies to reflect the underlying market values of the securities held in each fund.

    *The NAV for each fund may move up and down. Please refer to Offering Document before investing.