JOHCM Asia ex Japan Fund

Back

Fund Description

Based in our Singapore office, Samir Mehta employs a fundamental-based, predominantly bottom-up investment approach. He focuses on Asian companies with quality, sustainable, long-term growth hallmarks. These are businesses that can grow over economic and liquidity cycles and which generate high returns on the financial capital that they employ. Samir builds concentrated portfolios of typically 40-55 stocks, with low portfolio turnover and with little regard to benchmark weightings.

Samir's investment philosophy is based on the following beliefs:

  • There are pricing inefficiencies in Asian stock markets, particularly at the individual stock level. This is where Samir dedicates most of his time, with approximately 70% of total value added expected to come from fundamental stock selection
  • Value creation in a company is driven by long-term growth and the ability to generate returns above its cost of capital. Samir therefore focuses on companies displaying long-term sustainable quality growth characteristics
  • Detailed analysis and regular interaction with company management is vital. His analysis gives him the conviction to take a long-term investment view, meaning that portfolio turnover is typically low.
  • Asian markets are frequently driven by macroeconomic and political factors that are separate from stock-specific considerations. These markets have a history of giving high returns but also with high volatility. Samir aims to blend his growth stock focus with cyclical exposure that is valuation-driven and based on top-down views.
Reasons To Invest
  • Proven investment process from an experienced fund manager, based in Asia, with extensive experience of investing in Asian companies
  • An emphasis on quality growth stocks that compound returns over the long term
  • A pragmatic approach that blends a long-term growth focus with cyclical exposure
  • Samir Mehta

    Senior Fund Manager

    small image path
  • Cho-Yu Kooi

    Senior Fund Manager

    small image path

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Other Asian Equity Funds

JOHCM Asia ex Japan Small and Mid Cap Fund

Fund manager Cho-Yu Kooi, based in our Singapore office, shares the same investment philosophy and approach as Samir Mehta, manager of the all-cap JOHCM Asia ex Japan Fund, both fund managers having worked alongside one another for many years prior to joining JOHCM in 2011. She employs a fundamental-based, predominantly bottom-up investment ...

Read More
Back

Investment Objective

The investment objective of the Fund is to achieve long-term capital appreciation through investment, both direct and indirect, in a diversified portfolio of Asia ex-Japan equity securities. The Fund aims to achieve its investment objective primarily through investment in equity securities of companies domiciled or exercising the predominant part of their economic activities in Asia ex-Japan. The investment process is focused on identifying and owning quality, long-term, sustainable growth companies; meaning businesses which can sustainably grow over economic and liquidity cycles. The Fund will generally invest in stocks of companies from the consumer, telecoms, infrastructure, internet or brand ownership sectors, which have market capitalisation of greater than US$500 million.

Fund details

Data as at 28 February 2023
Fund size GBP 24.48m
Strategy size GBP 552.45m (as at 30 September 2022)
Benchmark MSCI AC Asia ex Japan NR 12pm adjusted
Domicile Ireland
Denomination GBP, EUR, USD
Share classes
A GBP (Launch date) 30-September-2011
A EUR (Launch date) 30-September-2011
A USD (Launch date) 30-September-2011
B GBP (Launch date) 30-September-2011
B EUR (Launch date) 30-September-2011
B USD (Launch date) 30-September-2011
Unit type Distribution
Minimum investment
A GBP 1,000
B GBP 1,000
Valuation point Daily (12pm, UK time)
Dealing frequency Daily 9-5pm
Fund codes
ISIN SEDOL
A GBP IE00B3RQ2721 B3RQ272
A EUR IE00B431KK76 B431KK7
A USD IE00B435PM67 B435PM6
B GBP IE00B3ZQS767 B3ZQS76
B EUR IE00B5L49R51 B5L49R5
B USD IE00B4114S53 B4114S5

Fund ratings and awards

Data as at 28 February 2023
Notes

©2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar Overall Ratings and Morningstar Analyst Ratings are as at 30/09/2022.

The Elite Rating™ system is proprietary to FundCalibre Ltd, but should not be taken as a recommendation.

Fees and charges

Initial charge Up to 5%
Annual mgmt charge (A) 0.90%
Annual mgmt charge (B) 1.50%
Performance fee 15% on excess if Fund outperforms benchmark, calculated daily. Any underperformance carried forward. This fee applies to all share classes.

Administration

Status UCITS
Investment manager J O Hambro Capital Management Limited
Transfer agent and registrar RBC Investor Services Limited
Depositary RBC Investor Services Limited

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Strategy Highlights

As at 28 February 2023

Markets in Asia sold off in February, partly giving back some of the gains after the strong rally over the past couple of months. Unsurprisingly, it was the re-emergence of doubts around soft landing or even no landing scenarios, sparked by some unexpected employment and inflation data from the US which caused angst amongst investors. 

Our fund outperformed the benchmark though it is difficult to ascribe any particular reason for the performance. On a stock level, Qianhe Condiment was the fund’s top contributor, whereas Meituan was the worst performer over the period. The strength of the US dollar in February does play out differently across countries. Even though we are technically overweight in India, the fallout from the Adani group fiasco and the sell-off in Indian stocks did not impact our holdings too much. That episode was probably the excuse markets sought to sell Indian stocks. 

In our previous commentaries, we have mentioned our thoughts on investing in specific businesses that fit into the lens of restructuring. Faced with a slowing economy and challenging macroeconomic conditions, those managements, in our view, recognise the need to restructure their organisations, and we believe these companies will be better prepared for the challenges that lie ahead. This theme is most relevant in China. Since March/April 2022, through our screenings and analysis, we have identified several Chinese companies that fit our criteria and are in our fund. Since we can glean little certainty about the Federal Reverse’s future actions and potential geopolitical risks, conservativeness is probably the best choice, and we’ve expressed conservativeness by holding businesses prepared for the worst outcomes.

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Percentage growth of the fund versus benchmark

Data as at 28 February 2023
A GBP share class, since launch (30 September 2011)

Return history (%)

Data as at 28 February 2023

Standardised Performance

Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. The Funds investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile. 


Mar 18 - Mar 19 Mar 19 - Mar 20 Mar 20 - Mar 21 Mar 21 - Mar 22 Mar 22 - Mar 23
Fund -18.34% 13.79% 36.02% 2.17% -12.46%

Monthly returns (%)

Data as at 28 February 2023
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual Since inception
Fund 2011 9.90 -3.28 1.22 7.60
Benchmark 2011 9.09 -5.91 1.45 4.13
Fund 2012 5.76 4.39 0.51 -1.76 -4.09 0.80 1.23 2.70 3.48 0.82 2.44 2.78 20.35
Benchmark 2012 8.68 4.98 -3.61 -1.48 -5.17 2.34 2.11 -1.50 4.65 0.23 3.15 2.50 17.29
Fund 2013 5.76 4.25 1.47 2.63 2.23 -6.33 -0.14 -8.96 1.70 6.63 -2.14 -1.53 4.44
Benchmark 2013 4.07 3.74 -1.96 -0.25 0.52 -5.86 2.14 -3.48 1.19 5.11 -1.66 -2.24 0.72
Fund 2014 -3.11 3.21 0.52 -0.74 1.78 1.39 3.53 3.48 -1.55 2.46 4.46 -1.72 14.23
Benchmark 2014 -4.85 2.35 1.17 -0.30 4.59 0.50 4.68 2.51 -3.52 3.10 2.20 -1.33 11.15
Fund 2015 6.95 0.06 3.23 -2.36 0.60 -4.20 -1.57 -5.22 0.27 2.41 -2.03 1.67 -0.80
Benchmark 2015 5.80 -0.35 4.76 2.88 -1.59 -6.52 -5.55 -8.81 -0.32 6.98 -1.28 0.77 -4.50
Fund 2016 -2.69 3.18 1.18 -1.49 0.79 10.58 9.16 4.38 3.58 4.35 -7.96 -2.71 23.00
Benchmark 2016 -4.52 2.47 7.14 -2.43 -1.28 11.21 7.38 3.66 2.99 4.92 -5.08 -0.84 27.13
Fund 2017 5.12 3.15 3.05 2.33 -1.04 4.56 4.95 -6.77 3.89 -0.32 0.95 21.02
Benchmark 2017 4.74 3.74 3.04 -1.69 5.29 0.47 4.10 3.26 -3.95 5.94 -0.81 2.26 29.16
Fund 2018 1.12 -2.68 -7.03 1.09 -1.08 -3.07 1.94 -1.40 -2.54 -10.42 5.35 -0.39 -18.34
Benchmark 2018 2.39 -2.74 -3.32 3.44 1.60 -3.29 0.52 0.13 -1.51 -9.36 5.65 -2.41 -9.36
Fund 2019 3.19 0.60 3.26 2.53 -3.39 5.21 4.14 0.39 -1.11 -0.73 -3.35 2.70 13.79
Benchmark 2019 4.02 1.00 2.87 2.94 -5.38 5.72 2.43 -4.57 0.54 -0.67 0.85 4.19 14.17
Fund 2020 -2.75 -1.34 -6.31 9.13 2.80 6.99 2.87 7.84 1.42 1.28 3.30 7.09 36.02
Benchmark 2020 -3.92 -1.09 -8.65 8.38 -0.47 9.39 1.31 3.66 0.03 2.69 5.33 3.97 21.02
Fund 2021 2.83 -0.14 -0.39 0.97 1.60 4.91 -3.78 4.41 -3.49 -3.17 -1.10 -0.04 2.17
Benchmark 2021 3.87 -0.73 -1.29 1.50 -1.93 3.24 -8.21 3.60 -1.78 -0.85 -0.64 0.15 -3.61
Fund 2022 -5.18 -5.16 -2.04 2.37 -1.76 0.24 -0.97 4.63 -4.69 -11.78 10.19 2.70 -12.46
Benchmark 2022 -3.08 -1.93 -0.39 -1.32 0.21 -0.55 -1.73 4.69 -8.46 -9.89 14.06 0.08 -9.81
Fund 2023 4.32 -3.98 0.16 158.34
Benchmark 2023 5.29 -5.15 -0.14 133.10

Source and notes

JOHCM/MSCI/Bloomberg/Lipper. Please note the percentage growth of the Fund versus benchmark is shown as NAV performance only, dividends are not reinvested.

Data shown net of fees, net income reinvested. Benchmark: MSCI AC Asia ex Japan NR 12pm adjusted. Performance of other share classes may vary and is available on request. 

Disclaimer

Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. The Funds investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile. 

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Fund statistics

Data as at 28 February 2023
Fund size GBP 24.48m
Number of holdings 41

Top 10 holdings and active weights

Data as at 28 February 2023
Top 10 holdings
AKR Corporindo 5.90%
HAIDILAO INTL HOLDING 4.95%
Qiane Condiment 4.70%
Tencent Music Ent 4.58%
Budweiser Brewing 4.49%
Netease 4.30%
Wuliangye Yibin 4.17%
Meituan 3.90%
Venture Corp 3.74%
Tencent 3.49%
Top 10 active weights
AKR Corporindo +5.90%
HAIDILAO INTL HOLDING +4.90%
Qiane Condiment +4.70%
Tencent Music Ent +4.48%
Budweiser Brewing +4.40%
Wuliangye Yibin +4.05%
Netease +3.76%
Venture Corp +3.67%
Jubilant FoodWorks +3.03%
Dabur +2.89%

Sector breakdown

Data as at 28 February 2023
Portfolio Benchmark Relative
Consumer Discretionary 19.78% 14.47% 5.31%
Consumer Staples 19.76% 5.32% 14.44%
Information Technology 14.62% 22.78% -8.16%
Communication Services 12.36% 10.25% 2.11%
Financials 9.53% 21.08% -11.55%
Industrials 6.40% 6.67% -0.27%
Energy 5.90% 3.55% 2.35%
Health Care 5.70% 3.94% 1.76%
Materials 3.53% 5.48% -1.95%
Real Estate 0.00% 3.90% -3.90%
Utilities 0.00% 2.55% -2.55%
Cash 2.41% 0.00% 2.41%

Market cap breakdown

Data as at 28 February 2023
Portfolio Benchmark Relative
Large Cap 66.10% 95.70% -29.59%
Medium Cap 26.55% 4.30% 22.25%
Small Cap 4.92% 0.00% 4.92%
Cash 2.42% 0.00% 2.42%

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Fund Group

Fund

As at noon Share class Currency Domicile ISIN number NAV per share Change   KIID
Asian Equities JOHCM Asia ex Japan Fund 27/03/2023 A EUR EUR Ireland IE00B431KK76 2.297 -0.098
Asian Equities JOHCM Asia ex Japan Fund 27/03/2023 A GBP GBP Ireland IE00B3RQ2721 2.393 -0.103
Asian Equities JOHCM Asia ex Japan Fund 27/03/2023 A USD USD Ireland IE00B435PM67 1.833 -0.073
Asian Equities JOHCM Asia ex Japan Fund 27/03/2023 B EUR EUR Ireland IE00B5L49R51 2.298 -0.098
Asian Equities JOHCM Asia ex Japan Fund 27/03/2023 B GBP GBP Ireland IE00B3ZQS767 2.325 -0.101
Asian Equities JOHCM Asia ex Japan Fund B USD Ireland IE00B4114S53
Asian Equities JOHCM Asia ex Japan Fund 27/03/2023 Z - Class GBP GBP Ireland IE00B44PG779 1.704 -0.074
Asian Equities JOHCM Asia ex Japan Fund 27/03/2023 Z - Class USD USD Ireland IE00BVG76811 1.229 -0.049

Dividend Rates

Funds paying monthly dividends

JOHCM Global Income Builder Fund

Share class 06/22 07/22 08/22 09/22 10/22 11/22 12/22 01/23 02/23 03/23
A  GBP 0.3848 0.3507 0.3439 0.3982 0.3509 0.3193 0.3826 0.3437 0.3714 0.3249
A EUR 0.3990 0.3571 0.3622 0.4055 0.3547 0.3277 0.3935 0.3438 0.3710 0.3239
A USD   0.3611 0.3151 0.3128 0.3431 0.2930 0.2750 0.3469 N/A N/A N/A
A SGD  0.3661 0.3248 0.3189 0.3548 0.3107 0.2865 0.3482 0.3040 0.3310 0.2889
B EUR 0.3820 0.3416 0.3462 0.3872 0.3385 0.3124 0.3748 0.3272 0.3527 0.3077
Seed GBP 0.3562 0.3189 0.3619 0.4193 0.3695 0.3364 0.4031 0.3623 0.3916 0.3427

Net dividends quoted in the local share class currency.

If you require the dividends for previous time periods, please contact RBC directly on 00353 14406555 or by fax on 00353 16131132 (0845 450 1974 and 02077475690 have been disabled).

Funds paying quarterly dividends

JOHCM UK Equity Income Fund

Share class Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22
A distributing GBP 1.2632 1.0771 1.1681 2.3283 3.0863 1.2881 1.9828 3.4453 3.1410 1.8309
A accumulating GBP 2.6218 2.2581 2.4649 4.9447 6.6368 2.8152 4.3509 7.6541 7.1149 4.2268
B distributing GBP  1.1739 0.9997 1.0825 2.1559 2.8539 1.1897 1.8271 3.1746 2.8895 1.6822
B accumulating GBP 2.4391 2.0980 2.2869 4.5836 6.1431 2.6020 4.0228 7.0604 6.5526 3.8884
Y distributing GBP 0.8514 0.7263 0.7879 1.5709 2.0833 0.8697 1.3383 2.3274 2.1211 1.2376
Y accumulating GBP 1.0570 0.5363 0.9944 1.9953 2.6787 1.1364 1.7602 3.0924 2.8757 1.7088

Dividends are quoted and paid in pence per share

XD dates: 31 March, 30 June, 30 September and 31 December
Payment dates: 31 May, 31 August, 30 November and 28 February

The quarterly table above shows the last two years net dividends (on a XD rather than a paid basis) for this fund. If you require the dividends for previous time periods, please contact RBC directly on 00353 14406555 or by fax on 00353 16131132 (0845 450 1974 and 02077475690 have been disabled).

Funds paying semi-annual dividends

All funds have a XD date of 1 July 2022 and pay date of 31 August 2022.

JOHCM UK Dynamic Fund

Share class Currency Pay date Dividend paid in  Dividend rate
Y GBP 31 Aug 2022 pence per share 2.1779

Funds paying annual dividends

All funds have a XD date of 31 December 2021 and pay date of 28 February 2022.


JOHCM Asia ex Japan Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2022 pence per share 0.0000
A EUR 28 Feb 2022 cents per share 0.0000
A USD 28 Feb 2022 cents per share 0.0000
B GBP 28 Feb 2022 pence per share 0.0000
B EUR 28 Feb 2022 cents per share 0.0000
B USD 28 Feb 2022 cents per share 0.0000
Z GBP 28 Feb 2022 cents per share 1.2717
Z USD 28 Feb 2022 cents per share 1.0094

JOHCM Asia ex Japan Small and Mid Cap Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2022 pence per share 0.0000
A EUR 28 Feb 2022 cents per share 0.0000
A USD 28 Feb 2022 cents per share 0.0000
B GBP 28 Feb 2022 pence per share 0.0000
B EUR 28 Feb 2022 cents per share 0.0000
B USD 28 Feb 2022 cents per share 0.0000
Z GBP 28 Feb 2022 cents per share 0.0000

JOHCM Concentrated Global Share Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2022 pence per share 0.0000

JOHCM Continental European Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2022 pence per share 8.6863
A EUR 28 Feb 2022 cents per share 7.2518
A - hedge GBP 28 Feb 2022 pence per share 2.3783
B GBP 28 Feb 2022 pence per share 5.7899
B EUR 28 Feb 2022 cents per share 5.0477
B - hedge USD 28 Feb 2022 cents per share 1.8425
Y GBP 28 Feb 2022 pence per share 3.4475
Y - hedge GBP 28 Feb 2022 pence per share 2.6955
Y EUR 28 Feb 2022 cents per share 3.0103

JOHCM European Select Values Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2022 pence per share 3.4279
A EUR 28 Feb 2022 cents per share 2.2816
B GBP 28 Feb 2022 pence per share 0.4023
B EUR 28 Feb 2021 cents per share 0.1956
Y EUR 28 Feb 2022 cents per share 0.6184

JOHCM European Concentrated Value Fund

Share class Currency Pay date Dividend paid in Dividend rate
A EUR 28 Feb 2022 cents per share 0.8126
B EUR 28 Feb 2022 cents per share 0.3158
Z EUR 28 Feb 2022 cents per share 1.5455

JOHCM Global Emerging Markets Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2022 pence per share 2.8311
A EUR 28 Feb 2022 cents per share 3.1858
A USD 28 Feb 2022 cents per share 2.4633
B GBP 28 Feb 2022 pence per share 1.8347
B EUR 28 Feb 2022 cents per share 2.1208
B USD 28 Feb 2022 cents per share 2.1654
Y GBP 28 Feb 2022 pence per share 3.6898
Y USD 28 Feb 2022 cents per share 3.1258
Z GBP 28 Feb 2022 cents per share 5.3164

JOHCM Global Opportunities Fund (onshore)

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2022 pence per share 2.5871
A EUR 28 Feb 2022 cents per share 5.0441
A USD 28 Feb 2022 cents per share 4.8886
B EUR 28 Feb 2022 cents per share 4.6750
B USD 28 Feb 2022 cents per share 4.6865
A - hedged GBP 28 Feb 2022 pence per share 2.6653
A - hedged EUR 28 Feb 2022 cents per share 2.2077
X GBP 28 Feb 2022 cents per share 2.4784
X EUR 28 Feb 2022 cents per share 2.2293

JOHCM Global Opportunities Fund (offshore)

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2022 pence per share 4.5789
A EUR 28 Feb 2022 cents per share 5.1902
A USD 28 Feb 2022 cents per share 4.6148
B GBP 28 Feb 2022 pence per share 5.0376
B EUR 28 Feb 2022 cents per share 4.7737
B USD 28 Feb 2022 cents per share 4.3909
A - hedged EUR 28 Feb 2022 cents per share 2.3372
X GBP 28 Feb 2022 cents per share 3.9139
Z GBP 28 Feb 2022 cents per share 1.8229
X - hedged GBP 28 Feb 2022 cents per share 2.4327
X EUR 28 Feb 2022 cents per share 2.3658

JOHCM Global Select Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2022 pence per share 0.0000
A EUR 28 Feb 2022 cents per share 0.0000
A USD 28 Feb 2022 cents per share 0.0000
B GBP 28 Feb 2022 pence per share 0.0000
B EUR 28 Feb 2022 cents per share 0.0000
B USD 28 Feb 2022 cents per share 0.0000
Z GBP 28 Feb 2022 pence per share 2.9482
Z USD 28 Feb 2022 cents per share 2.5658


JOHCM UK Dynamic Fund

Please note that with effect from 1 January 2022, this fund will make semi-annual distributions.

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 30 June 2022 pence per share 4.2307
A - accumulating GBP 30 June 2022 pence per share 6.2512
B - distributing GBP 30 June 2022 pence per share 3.8318
B - accumulating GBP 30 June 2022 pence per share 6.9098
Y - distributing GBP 30 June 2022 pence per share 2.6563
Y - accumulating GBP 30 June 2022 pence per share 3.6096

JOHCM UK Growth Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2022 pence per share 5.8783
B GBP 28 Feb 2022 pence per share 3.1115
X GBP 28 Feb 2022 pence per share 3.1342

JOHCM UK Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 28 Feb 2022 pence per share 5.5257
A - accumulating GBP 28 Feb 2022 pence per share 8.4140
B - distributing GBP 28 Feb 2022 pence per share 5.2121
B - accumulating GBP 28 Feb 2022 pence per share 7.8256
Y - accumulating GBP 28 Feb 2022 pence per share 3.7193
Y - distributing GBP 28 Feb 2022 pence per share 4.7060

 

Net dividends quoted in the local share class currency.

If you would like more information, please contact RBC directly on 00353 14406555 or by fax on 00353 16131132 (0845 450 1974 and 02077475690 have been disabled). Email us at oeicdealing@johcm.co.uk.

Views & News

  • 17 Mar 2023

    Beware Unintended Consequences

    Following the collapse of SVB and the risk of a banking crisis, the Fed may need to choose between price stability and financial stability

    Read More
  • 10 Mar 2023

    Patience is a virtue

    Sub-24 hour S&P 500 options are a sign of the equity market’s constant drive to short-termism. Is patient, long-term investment still justified?

    Read More
  • 16 Feb 2023

    Buy High, Sell Low

    When Adani came into the India index, passive funds had to buy the stock, driving up the price. As the price has fallen, reducing the weighting in the index, they have had to sell.

    Read More
  • 12 Jan 2023

    Transformation, the old way

    Indonesia is growing its economy, raising its skill levels and increasing value-added exports, using the old-fashioned method: protectionism 

    Read More
  • 15 Dec 2022

    The View From Asia - China: Peeling Back the Onion

    In China, we’re investing in companies that have low valuations and rising cashflows. They aren’t the usual suspects

    Read More
  • 02 Nov 2022

    The View From Asia

    Until recently, the consensus was that China would decouple economically from the developed world. Now we know the separation is not economic but ideological

    Read More
  • 19 Sep 2022

    The View from Asia

    Higher US interest rates could present significant upside for Asian equities

    Read More
  • 05 Sep 2022

    Did China learn anything from Japan's lost decades?

    The economic models of China and Japan are closely related. However, China has the opportunity to learn from its neighbour's mistakes and protect property and banking investors.

    Read More
  • 12 Aug 2022

    The View From Asia

    Conditions in Asia are considerably different to those in the US

    Read More
  • 04 Jul 2022

    The View From Asia

    Recession remains a threat, and despite official figures, China is almost certainly in a phase of contraction

    Read More
  • 18 Jun 2022

    View from Asia

    In a new era, investors need discipline

    Read More
  • 23 May 2022

    View from Asia

    Markets now collectively believe that central banks are behind the curve. Risk-aversion prevails

    Read More
  • 19 Apr 2022

    View from Asia

    War in Europe. Lockdowns in China. Higher commodity prices pushing up inflation. Focus on value and patience should pay. 

    Read More
  • 07 Mar 2022

    A View from Asia

    Samir Mehta shares his views on the outlook for Asia

    Read More
  • 09 Feb 2022

    A View from Asia

    Samir Mehta shares his views on the outlook for Asia

    Read More
  • 28 Jan 2022

    A View from Asia

    A look ahead: a short note from Samir Mehta, manager of the JOHCM Asia ex Japan fund. 

    Read More
  • 23 Dec 2021

    The land of smiles no more

    With Covid-19 cases rising Samir’s latest Armchair Observer focuses on the impact of the pandemic on Thailand.

    Read More
  • 10 Dec 2021

    A View from Asia

    Portfolio management during uncertain times: JOHCM Asia ex Japan fund manager, Samir Mehta, outlines his strategy 

    Read More
  • 30 Nov 2021

    The Armchair Observer

    I too could not resist it. Every single friend of mine urged me to watch Squid Game and finally I gave in...

    Read More
  • 18 Nov 2021

    A View from Asia

    Samir Mehta, manager of the JOHCM Asia ex Japan fund, provides an in-depth look at Jubilant Foodworks, the largest holding in his portfolio.

    Read More
  • 12 Oct 2021

    A View from Asia

    Taking stock: Samir Mehta, manager of the JOHCM Asia ex Japan Fund, takes a look back at markets over the last 18 months.

    Read More
  • 29 Sep 2021

    The Armchair Observer

    To mark the 10-year anniversary of the JOHCM Asia ex Japan fund, Senior Fund Manager, Samir Mehta, launches The Armchair Observer.

    Read More
  • 14 Sep 2021

    A View from Asia

    What next for China? Samir discusses the regulatory clampdown including two other sectors not yet hit - housing and healthcare. 

    Read More
  • 11 Aug 2021

    A View from Asia

    Should we even bother investing in China?

    Read More
  • 07 Jul 2021

    A View from Asia - China Special

    Samir Mehta takes a look at the three cross-currents affecting Chinese technology stocks. 

    Read More

Webcasts & Videos

  • JOHCM Asia ex Japan Fund,JOHCM Asia ex Japan Small/Mid Cap Fund Q4 2021 Update

    03 Feb 2022 | 35 mins

  • JOHCM Asia ex Japan Fund,JOHCM Asia ex Japan Small/Mid Cap Fund Q4 2021 Update

    03 Feb 2022 | 35 mins

  • JOHCM Asia ex Japan Fund,JOHCM Asia ex Japan Small/Mid Cap Fund Q3 2021 Update

    27 Oct 2021 | 47 mins

  • JOHCM Asia ex Japan Fund,JOHCM Asia ex Japan Small/Mid Cap Fund Q3 2021 Update

    27 Oct 2021 | 47 mins

  • Samir Mehta

    Senior Fund Manager

    small image path
  • Cho-Yu Kooi

    Senior Fund Manager

    small image path

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Other Asian Equity Funds

JOHCM Asia ex Japan Small and Mid Cap Fund

Fund manager Cho-Yu Kooi, based in our Singapore office, shares the same investment philosophy and approach as Samir Mehta, manager of the all-cap JOHCM Asia ex Japan Fund, both fund managers having worked alongside one another for many years prior to joining JOHCM in 2011. She employs a fundamental-based, predominantly bottom-up investment ...

Read More
Back

Summary

This webpage is designed to provide the reader with information about the J O Hambro Capital Management Asia ex-Japan Fund (“Fund”) in relation to the EU Sustainable Finance Disclosure Regulation or “SFDR” as referred to throughout this disclosure. JOHCM Funds (Ireland) Limited, the Fund’s Manager, has categorised the Fund as meeting the provisions set out in Article 8 of the SFDR. 

The information is required by law and does not form part of the Fund’s marketing materials. Its purpose is to help the reader understand the sustainability objective of this Fund. The reader is advised to read it in conjunction with the Fund’s prospectus that can be found here.

Documents

For a better experience, we recommend viewing this website in landscape orientation.

Webcast

×

JOHCM

×

Regnan

×