J.P. Morgan Asset Management · LU2850509287
ELTIF 2.0 Multi-Asset Luxembourg Article 8 3 share classes ↓ Secondaries Co-Investments Primaries / Target Funds
Unit price (NAV) in EUR · share class with performance · 6 data points
Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and the trading costs of reinvestment are not taken into account. Past performance is not a reliable indicator of future results.
These come from the factsheet, the PRIIPs KID or the monthly report. They may relate to a different reference date, a different share class or a longer period than the series above — the series starts with the first documented unit price, not necessarily with the launch. That is why the values sometimes differ.
Target return per the provider: KID moderate scenario 7.6 % p.a. (10 years)
Provider figure or KID scenario — not a forecast by semiliquid.info. Target returns are not guaranteed.
What the fund does and how the portfolio is put together.
Risk indicator 3 of 7 from the key information document (1 = low, 7 = high); it captures liquidity risks only to a limited extent.
Portfolio breakdown
Broken down using semiliquid’s common taxonomy — provider labels are mapped onto shared categories so that funds can be compared. Only published figures are used; nothing is estimated.
Strategy
The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.
| Management fee | 2.29% |
| Total ongoing costs | 2.29% |
| Entry charge max. | 5.00% |
| Redemption fee | 0.00% |
| Performance fee | 12.50% |
| Hurdle rate | 7.00% |
| High-water mark | not documented |
Median across 14 funds in this asset class in our database, based on the PRIIPs KID. No statement about quality — cost structures differ depending on the strategy and on target-fund layers.
How you get into the fund, and on what terms.
QUARTERLY – 'Subscriptions are accepted on a quarterly basis, on the first business day of each calendar quarter. In addition, the fund will also be accepting subscriptions on 3 November 2025 and 1 December 2025.' The redemption timeline also states: 'The fund opens for investment once a quarter, on the first business day of that quarter.'
Semi-liquid means redemption only on fixed dates, with notice periods and upper limits. This is how it works for this fund — in the order the redemption process runs.
Units can be redeemed quarterly; notice must be given 360 days before the date; for the first 60 months after subscription no redemption is possible.
From the notice being received to the money reaching your account: typically around 450 to 542 days — depending on how far away the next redemption date is. If the gate bites or redemptions are suspended, it can take considerably longer.
quarterly – after the earliest possible notice date 'there are quarterly opportunities to indicate your intention to redeem'
not documented
12 months – 'You need to give a year's notice of your intention to redeem' (redemption notification date + 12 months = redemption date)
5-year lock-up – 'you must commit to keeping your money in the fund for at least five years'; earliest notice date = subscription day + 4 years, earliest redemption date = subscription day + 5 years. Example: subscription 2 Jan 2026 -> earliest notification 2 Jan 2030 -> redemption 2 Jan 2031. For the special subscription days 3 Nov 2025 and 1 Dec 2025 the following applies: earliest notification date 2 Jan 2030, earliest redemption date 2 Jan 2031
3 classes known. All cost and risk figures on this page apply to LU2850509287.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2850509287 | basis of this page | not documented | 2.29% | 3/7 |
| LU2850509105 | not yet collected | not documented | not documented | not documented |
| LU2850509527 | not yet collected | not documented | not documented | not documented |
Costs, minimum investment and risk can differ markedly by class — check the key information document of the specific class before subscribing.
Who stands behind the fund, who it is authorised for — and what the figures rest on.
JPMorgan Asset Management (Europe) S.a r.l., 6 route de Treves, L-2633 Senningerberg, R.C.S. Luxembourg B27900
'The JPMorgan ELTIFs - Multi-Alternatives Fund had its first subscription on 1 July 2025'
Listed as “Multi-Alternatives Fund (JPMorgan ELTIFs)“ · fund type: EU/foreign ELTIF, open-ended, all investors · ID 70172307
The quarterly factsheet is marked 'FOR INSTITUTIONAL / WHOLESALE / PROFESSIONAL CLIENTS / QUALIFIED INVESTORS ONLY - NOT FOR RETAIL USE OR DISTRIBUTION'; the product brochure, by contrast, is expressly aimed at retail investors ('ELTIFs: Opening up alternatives to a wider range of investors'). In Switzerland distribution exclusively to Qualified Investors under Art. 10(3)/(3ter) KAG
AT, BE, CY, CZ, DE + 18 further
PRONOUNCEDLY TWO-TIER AND INTRA-GROUP. The KID expressly states: 'The Sub-Fund obtains this exposure through investments in investment funds, investment vehicles, managed accounts and other investment opportunities that are managed, advised or sponsored BY THE AIFM, ITS AFFILIATED COMPANIES or an external investment manager.' The fund is thus in effect a fund of funds investing in the established JPM alternatives flagships (including Private Real Assets/Infrastructure, Real Estate, Private Credit, Private Equity, Transport, Timberland – more than 1,000 individual assets and more than 15 sub-sectors according to the 2026 investor brochure). At target-fund level their management fees and carried interest arise. The KID does NOT quantify this second layer and – unlike BlackRock – also does not clarify whether it is included in the 2.29 % (class A); only for the transaction costs is it expressly stated that they 'include the transaction costs incurred by the underlying investments'. A fee rebate / waiver / offset at the level of the group's own target funds is NOT documented in the publicly available documents. The strikingly low total cost disclosure (RIY 3.7 % class A / 2.4 % class C) does, however, suggest that the group's target-fund fees are either waived or not fully included in the PRIIPs cost item – confirmation is lacking
All figures come from our analysis of provider documents (product data as at 19 Aug 2026, distribution data as at 12 Aug 2026) and have not been conclusively verified.
Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.