Cho-Yu Kooi
Senior Fund Manager
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 approach. She 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.The Fund generally consists of stocks with a market capitalisation of less than US$6 billion while close attention is paid to liquidity.
The team’s investment philosophy is based on the following beliefs:
Senior Fund Manager
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
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.
Read MoreThe investment objective of the Fund is to achieve long-term capital appreciation through investment in a diversified portfolio of Asia ex-Japan Small and Mid Cap equity securities. The Fund aims to achieve its investment objective primarily through investment in equity securities of companies with a small or middle market capitalisation all of which will be domiciled or exercising the predominant part of their economic activities in the Asia ex-Japan region. The Fund will generally invest in stocks of companies with a market capitalisation of less than US$6 billion, with trading liquidity a key consideration.
Fund size | GBP 18.89m | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Strategy size | GBP 22.86m (as at 31 March 2022) | |||||||||||||||||||||
Benchmark | MSCI AC Asia ex Japan Small Cap NR 12pm adjusted | |||||||||||||||||||||
Domicile | Ireland | |||||||||||||||||||||
Denomination | GBP, EUR, USD | |||||||||||||||||||||
Share classes |
|
|||||||||||||||||||||
Unit type | Distribution | |||||||||||||||||||||
Minimum investment |
|
|||||||||||||||||||||
Valuation point | Daily (12pm, UK time) | |||||||||||||||||||||
Dealing frequency | Daily 9-5pm | |||||||||||||||||||||
Fund codes |
|
|
©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 31/03/2022.
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. |
Status | UCITS |
---|---|
Investment manager | J O Hambro Capital Management Limited |
Transfer agent and registrar | RBC Investor Services Limited |
Depositary | RBC Investor Services Limited |
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
It was another challenging month for Asian equities with the MSCI AC Asia ex-Japan Small Cap Index sliding 1.97% in USD terms and 2.15% in GBP terms. The Federal Reserve hiked interest rates by 0.5% and announced plans to withdraw liquidity from the markets by reducing the size of its balance sheet to tackle runaway inflation. Further interest rate increases can be expected as the Fed tries to cool an overheated economy facing shortages in both labour and goods and to reinstate its inflation-fighting credentials. With energy prices extending its upward trajectory amid the European Union‘s proposed ban on Russian oil imports, and agricultural commodity prices also surging due to the Russia-Ukraine conflict, the Fed‘s job has become increasingly difficult. Similarly, several Asian central banks have brought forward the tightening of their monetary policies as inflationary pressures are building up. This backdrop is not conducive for equities. The only exception is China, which has in fact loosened its monetary policy as it tries to prop up a faltering economy amid a still benign inflation outlook.
The Fund outperformed the benchmark in May, supported by the rebound in our China portfolio as market sentiment turned more positive after recent weak economic data prompted the People’s Bank of China to ease monetary policy and the government to pledge more fiscal policy support to bolster economic growth. Several of our holdings in Indonesia, the Philippines and Thailand also lifted the Fund‘s performance and helped to offset some of the drags in our India holdings. During the month, we continued to take profit in our India portfolio and to reduce our weighting in the market.
The relentless surge in inflationary pressures amid already tight supply conditions of energy and other commodities, labour and other goods due to logistics, has been exacerbated by the Russia-Ukraine conflict. With the supply situation unlikely to ease any time soon, demand will have to be curtailed to bring about an equilibrium so that inflation can be brought down to more satisfactory levels. Unfortunately, this means the Fed and the European Central Bank would have to engineer a meaningful economic slowdown (hopefully, not a recession) through a series of interest rate hikes and liquidity withdrawal through quantitative tightening. As such, we maintain our underweight stance in Taiwan and Korea which are more export-oriented economies and which have benefited from the fiscal and monetary largesse in the US and Europe during the pandemic.
China is where we are most optimistic but have suffered from our premature overweight in the market. We believe that the market has bottomed out as valuations are depressed, investor expectations are low, government fiscal and monetary policies are increasingly growth supportive, and even on the regulatory front, there are more signs that the authorities are easing off. For India and ASEAN, while we remain constructive, we are closely monitoring the rising inflationary pressures and its impact on the fiscal health of these economies, consumption demand and corporate profitability. We have cut our weighting in India as the portfolio has done very well and the valuations of some stocks have become a little steep.
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
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 17 - Mar 18 | Mar 18 - Mar 19 | Mar 19 - Mar 20 | Mar 20 - Mar 21 | Mar 21 - Mar 22 | |
---|---|---|---|---|---|
Fund | -6.04% | -3.19% | -8.83% | 53.12% | 5.07% |
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual | Since inception | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 2011 | 9.50 | -6.21 | 1.27 | 4.00 | ||||||||||
Benchmark | 2011 | 7.20 | -6.37 | -0.31 | 0.06 | ||||||||||
Fund | 2012 | 5.74 | 2.94 | 0.54 | 0.18 | -2.66 | -1.46 | -0.37 | 2.51 | 5.71 | 2.40 | 4.44 | 1.76 | 23.55 | |
Benchmark | 2012 | 7.96 | 7.99 | -4.27 | -3.21 | -3.27 | 1.17 | -0.43 | 1.20 | 4.32 | -0.60 | 3.25 | 2.84 | 17.30 | |
Fund | 2013 | 6.69 | 5.61 | 2.87 | 1.70 | 5.34 | -8.94 | 0.07 | -8.77 | 0.61 | 5.69 | -4.16 | -1.20 | 3.94 | |
Benchmark | 2013 | 5.97 | 5.56 | 0.73 | 0.53 | 3.07 | -8.88 | 1.17 | -4.41 | 1.92 | 3.46 | -2.76 | -0.97 | 4.47 | |
Fund | 2014 | -3.34 | 2.53 | 3.62 | -1.56 | 4.45 | 0.43 | 2.37 | 5.13 | 0.94 | 2.32 | 3.43 | -0.50 | 21.30 | |
Benchmark | 2014 | -1.65 | 2.67 | 1.37 | -0.78 | 3.56 | 0.02 | 2.30 | 3.52 | -1.22 | -0.78 | 0.44 | -1.10 | 8.45 | |
Fund | 2015 | 7.61 | 0.06 | 5.55 | -0.61 | 5.57 | -4.54 | -1.10 | -6.20 | 2.74 | 3.48 | 1.46 | 1.49 | 15.60 | |
Benchmark | 2015 | 5.49 | -0.41 | 5.80 | 5.36 | 2.35 | -7.94 | -7.76 | -9.11 | 2.11 | 5.26 | 0.27 | 1.72 | 1.40 | |
Fund | 2016 | -4.08 | 1.59 | 0.67 | -1.05 | -2.19 | 9.34 | 8.12 | 4.27 | 1.26 | 4.73 | -8.99 | -1.40 | 11.37 | |
Benchmark | 2016 | -5.44 | 2.41 | 4.74 | -0.77 | -2.38 | 9.98 | 5.74 | 2.66 | 2.69 | 3.75 | -5.57 | -0.18 | 17.80 | |
Fund | 2017 | 3.33 | 3.34 | 1.48 | -2.32 | 0.19 | -1.35 | 4.20 | 2.62 | -2.87 | 1.13 | -1.53 | 0.18 | 8.41 | |
Benchmark | 2017 | 2.81 | 5.64 | 2.52 | -2.72 | 2.13 | -0.41 | 1.41 | 3.30 | -3.26 | 6.05 | 0.77 | 2.01 | 21.70 | |
Fund | 2018 | -1.92 | -2.38 | -1.91 | -0.19 | 8.87 | -1.70 | -2.60 | -7.39 | -2.17 | -11.05 | 9.75 | -2.91 | -16.09 | |
Benchmark | 2018 | 0.66 | -2.51 | -2.88 | 2.87 | 2.77 | -5.39 | 0.05 | 0.27 | -4.14 | -10.28 | 6.24 | -1.76 | -14.15 | |
Fund | 2019 | 2.09 | 2.93 | 3.12 | 3.99 | -0.79 | 6.85 | 5.29 | -4.01 | -2.99 | -0.24 | -2.66 | -1.46 | 12.07 | |
Benchmark | 2019 | 0.99 | 1.05 | 3.45 | 0.53 | -2.65 | 2.46 | 1.25 | -4.57 | 0.99 | -1.50 | -0.17 | 1.99 | 3.60 | |
Fund | 2020 | -1.65 | 0.46 | -10.79 | 11.58 | 9.71 | 8.76 | -0.39 | 2.06 | -0.97 | -2.00 | 6.95 | 6.86 | 32.34 | |
Benchmark | 2020 | -4.03 | -2.45 | -15.61 | 13.12 | 3.19 | 9.11 | 1.22 | 4.31 | 2.10 | -0.92 | 9.18 | 3.96 | 21.98 | |
Fund | 2021 | 5.52 | -0.11 | -3.24 | 2.98 | 2.17 | 7.97 | -2.98 | 4.19 | 1.10 | -1.93 | 4.55 | 0.59 | 22.12 | |
Benchmark | 2021 | 0.59 | 5.18 | 2.70 | 4.65 | -1.40 | 5.33 | -1.96 | 2.46 | 0.79 | -1.29 | 1.27 | 2.34 | 22.31 | |
Fund | 2022 | -8.28 | -4.21 | -0.14 | 2.34 | -1.84 | -11.85 | 202.88 | |||||||
Benchmark | 2022 | -5.98 | -1.64 | 3.44 | -0.45 | -2.15 | -6.82 | 139.05 |
JOHCM/MSCI/Bloomberg/Lipper.
Data shown net of fees, net income reinvested in GBP terms. Benchmark: MSCI AC Asia ex Japan Small Cap NR 12pm adjusted Performance of other share classes may vary and is available on request.
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.
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
Fund size | GBP 18.89m |
---|---|
Number of holdings | 57 |
SUMBER ALFARIA TRIJAYA | 3.83% |
MAX HEALTHCARE INSTITUTE | 3.64% |
INDIAN ENERGY EXCHANGE | 3.40% |
ABB India Ltd | 3.35% |
MINDA INDUSTRIES | 3.27% |
ARWANA CITRAMULIA TBK PT | 3.12% |
INDUSTRI JAMU FARMASI | 3.12% |
KEI INDUSTRIES | 2.93% |
SCHAEFFLER INDIA | 2.76% |
EC HEALTHCARE | 2.52% |
SUMBER ALFARIA TRIJAYA | +3.83% |
MAX HEALTHCARE INSTITUTE | +3.38% |
ABB India Ltd | +3.35% |
INDIAN ENERGY EXCHANGE | +3.28% |
MINDA INDUSTRIES | +3.16% |
ARWANA CITRAMULIA TBK PT | +3.12% |
INDUSTRI JAMU FARMASI | +3.07% |
KEI INDUSTRIES | +2.83% |
SCHAEFFLER INDIA | +2.61% |
PLDT | +2.51% |
Portfolio | Benchmark | Relative | ||
---|---|---|---|---|
Industrials | 26.16% | 15.11% | 11.05% | |
Consumer Staples | 19.43% | 4.65% | 14.78% | |
Consumer Discretionary | 16.82% | 11.71% | 5.11% | |
Information Technology | 14.20% | 21.22% | -7.02% | |
Materials | 6.82% | 11.64% | -4.82% | |
Health Care | 5.98% | 8.65% | -2.67% | |
Financials | 5.07% | 8.66% | -3.59% | |
Communication Services | 3.52% | 4.58% | -1.07% | |
Energy | 1.68% | 1.73% | -0.05% | |
Real Estate | 0.00% | 9.75% | -9.75% | |
Utilities | 0.00% | 2.31% | -2.31% | |
Cash | 0.32% | 0.00% | 0.32% |
Portfolio | Benchmark | Relative | ||
---|---|---|---|---|
Large Cap | 22.27% | 1.12% | 21.15% | |
Medium Cap | 64.90% | 69.60% | -4.71% | |
Small Cap | 12.51% | 29.28% | -16.77% | |
Cash | 0.33% | 0.00% | 0.33% |
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
Fund |
As at noon | Share class | Currency | Domicile | Sedol number | NAV per share | Change | |
JOHCM Asia ex Japan Fund | 29/06/2022 | A | EUR | Ireland | B431KK7 | 2.404 | -0.045 | |
A | GBP | Ireland | B3RQ272 | 2.467 | -0.036 | |||
A | USD | Ireland | B435PM6 | 1.874 | -0.034 | |||
B | EUR | Ireland | B5L49R5 | 2.416 | -0.045 | |||
B | GBP | Ireland | B3ZQS76 | 2.408 | -0.036 | |||
B | USD | Ireland | BF7NZT0 | 1.890 | -0.034 | |||
Z | GBP | Ireland | B44PG77 | 1.758 | -0.026 | |||
Z | USD | Ireland | BVG7681 | 1.257 | -0.023 | |||
JOHCM Asia ex Japan Small and Mid Cap Fund | 29/06/2022 | A | GBP | Ireland | B6R5LS4 | 2.932 | -0.013 | |
A | USD | Ireland | B6R5QW3 | 2.369 | -0.016 | |||
A | EUR | Ireland | B6R5VD9 | 2.547 | -0.022 | |||
B | EUR | Ireland | B6R5HM0 | 2.893 | -0.023 | |||
B | GBP | Ireland | B6R63P8 | 2.851 | -0.010 | |||
B | USD | Ireland | B6R5YM9 | 2.248 | -0.017 | |||
Z | GBP | Ireland | B4X3T62 | 2.233 | -0.009 | |||
JOHCM Continental European Fund | 29/06/2022 | A | EUR | Ireland | 3300923 | 4.023 | -0.062 | |
A | GBP | Ireland | 3300912 | 4.991 | -0.057 | |||
A | USD | Ireland | BJ4G0G2 | 1.582 | -0.025 | |||
A Hedged | GBP | Ireland | BSJCJ49 | 1.374 | -0.021 | |||
B | USD | Ireland | BJ4G0H3 | 1.611 | -0.025 | |||
B | EUR | Ireland | 3300901 | 4.048 | -0.063 | |||
B | GBP | Ireland | 3100543 | 4.808 | -0.055 | |||
Y | EUR | Ireland | B98YKX9 | 1.550 | -0.023 | |||
Y | GBP | Ireland | B993PD0 | 1.837 | -0.021 | |||
Y Hedged | GBP | Ireland | BSJCJ50 | 1.435 | -0.022 | |||
JOHCM European Concentrated Value Fund | 29/06/2022 | A | EUR | Ireland | BW0DJY9 | 0.973 | -0.024 | |
B | EUR | Ireland | BW0DJZ0 | 0.966 | -0.025 | |||
Z | EUR | Ireland | BYNJFN9 | 0.896 | -0.023 | |||
Z | AUD | Ireland | BYNJFM8 | 1.074 | -0.019 | |||
JOHCM European Select Values Fund | 29/06/2022 | A | EUR | Ireland | 3290433 | 3.289 | -0.079 | |
A | GBP | Ireland | 3290422 | 5.117 | -0.103 | |||
B | EUR | Ireland | 3290411 | 2.202 | -0.052 | |||
B | GBP | Ireland | 3290400 | 4.685 | -0.094 | |||
Non-Distributing | EUR | Ireland | BSFWK51 | 1.222 | -0.029 | |||
X | EUR | Ireland | B4K14L9 | 1.572 | -0.037 | |||
Y | EUR | Ireland | BMXC8L3 | 0.887 | -0.020 | |||
JOHCM Global Emerging Markets Opportunities Fund | 29/06/2022 | A | EUR | Ireland | B3ZBLW7 | 1.514 | -0.024 | |
A | GBP | Ireland | B4002N4 | 1.393 | -0.018 | |||
A | USD | Ireland | B4M6CN0 | 1.092 | -0.017 | |||
B | EUR | Ireland | B4TRCR0 | 1.494 | -0.025 | |||
B | GBP | Ireland | B41RZ57 | 1.339 | -0.017 | |||
B | USD | Ireland | B4XXMP2 | 1.428 | -0.022 | |||
Y | GBP | Ireland | BYSGJY4 | 1.678 | -0.021 | |||
Y | USD | Ireland | BYSGJZ5 | 1.327 | -0.021 | |||
Z | CAD | Ireland | BBPK0L2 | 1.477 | -0.025 | |||
Z | GBP | Ireland | B6R54W9 | 1.756 | -0.022 | |||
JOHCM Global Income Builder Fund | 29/06/2022 | A | EUR | Ireland | BFZWPD3 | 1.091 | -0.011 | |
A | GBP | Ireland | BFZWPC2 | 1.070 | -0.006 | |||
A | SGD | Ireland | BFZWPG6 | 0.995 | -0.009 | |||
A | USD | Ireland | BFZWPF5 | 0.969 | -0.009 | |||
B | EUR | Ireland | BFZWPJ9 | 1.044 | -0.011 | |||
Seed | EUR | Ireland | BKF2GH9 | 0.974 | -0.010 | |||
Seed | GBP | Ireland | BFZWPH7 | 1.125 | -0.007 | |||
Seed | GBP | Ireland | BHR0DJ1 | 1.152 | -0.007 | |||
JOHCM Global Opportunities Fund (offshore) | 29/06/2022 | A | EUR | Ireland | B7MR557 | 2.645 | -0.035 | |
A | GBP | Ireland | B89PQM5 | 2.416 | -0.023 | |||
A | USD | Ireland | B89JY23 | 2.194 | -0.027 | |||
A Hedged | EUR | Ireland | BFZWWX2 | 1.036 | -0.014 | |||
B | EUR | Ireland | B80FZF0 | 2.413 | -0.033 | |||
B | GBP | Ireland | BF7NZS9 | 2.637 | -0.025 | |||
B | USD | Ireland | B8295C7 | 2.070 | -0.027 | |||
X | EUR | Ireland | BJ5JW42 | 1.207 | -0.016 | |||
X | EUR | Ireland | BMCZLF8 | 1.321 | -0.017 | |||
X | GBP | Ireland | BQVC9L0 | 2.066 | -0.019 | |||
X Hedged | GBP | Ireland | BF29TX5 | 1.124 | -0.014 | |||
Z | EUR | Ireland | BDZD4M4 | 1.199 | -0.016 | |||
Z | GBP | Ireland | B83MS15 | 0.969 | -0.009 | |||
JOHCM Global Opportunities Fund (offshore) | 29/06/2022 | X Non-distributing NOK | NOK | Ireland | BMFV6C5 | 10.365 | -0.144 | |
JOHCM Global Opportunities Fund (onshore) | 29/06/2022 | A Accumulating | GBP | UK | BJ5JMC0 | 1.267 | -0.012 | |
A Accumulating Hedged | GBP | UK | BKDV8G1 | 1.111 | -0.015 | |||
A Distributing | GBP | UK | BJ5JMD1 | 1.191 | -0.012 | |||
X Accumulating | GBP | UK | BJ5JMF3 | 1.235 | -0.013 | |||
X Distributing | GBP | UK | BJ5JMG4 | 1.192 | -0.012 | |||
JOHCM Global Select Fund | 29/06/2022 | A | EUR | Ireland | B3DBRP4 | 3.865 | -0.087 | |
A | GBP | Ireland | B3DBRN2 | 4.155 | -0.077 | |||
A | USD | Ireland | B3T31Z2 | 2.083 | -0.046 | |||
B | EUR | Ireland | B3DBRM1 | 3.711 | -0.083 | |||
B | GBP | Ireland | B3DBRL0 | 3.969 | -0.074 | |||
B | USD | Ireland | B5L7L67 | 2.357 | -0.051 | |||
Z | GBP | Ireland | B3DCMB8 | 3.009 | -0.056 | |||
Z | USD | Ireland | B4V7J00 | 2.359 | -0.052 | |||
JOHCM Uk Dynamic Fund | 29/06/2022 | Y | GBP | Ireland | BDGKPZ4 | 0.985 | -0.015 | |
JOHCM UK Dynamic Fund (onshore) | 29/06/2022 | A Accumilating | GBP | UK | B4T7HR5 | 2.794 | -0.043 | |
A Distributing | GBP | UK | B4T8552 | 1.891 | -0.029 | |||
B Accumulating | GBP | UK | B4T7JX5 | 3.085 | -0.048 | |||
B Distributing | GBP | UK | B4TXJ33 | 1.711 | -0.026 | |||
X Accumulating | GBP | UK | BJ7HNB8 | 1.092 | -0.017 | |||
X Distributing | GBP | UK | BJ5JMB9 | 0.987 | -0.016 | |||
Y | GBP | UK | BDZRJ21 | 1.188 | -0.018 | |||
Y Accumulating | GBP | UK | BDZRJ10 | 1.614 | -0.025 | |||
JOHCM UK Equity Income Fund | 29/06/2022 | A Accumulating | GBP | UK | B03KR50 | 4.079 | -0.043 | |
A Distributing | GBP | UK | B03KP23 | 1.836 | -0.019 | |||
B Accumulating | GBP | UK | B03KR83 | 3.760 | -0.039 | |||
B Distributing | GBP | UK | B03KR61 | 1.691 | -0.017 | |||
X Distributing | GBP | UK | BYV9S21 | 0.917 | -0.010 | |||
Y | GBP | UK | B95FCK6 | 1.241 | -0.013 | |||
Y Accumulating | GBP | UK | B8FCHK5 | 1.649 | -0.017 | |||
JOHCM UK Growth Fund | 29/06/2022 | A | GBP | Ireland | 3300934 | 3.615 | -0.024 | |
B | GBP | Ireland | 3100554 | 3.133 | -0.021 | |||
Non-distributing | EUR | Ireland | BLLV8D7 | 1.960 | -0.021 | |||
Non-distributing | USD | Ireland | BLLV8C6 | 1.918 | -0.019 | |||
X | EUR | Ireland | BLLV882 | 1.974 | -0.021 | |||
X | EUR | Ireland | BLLV8B5 | 1.833 | -0.012 | |||
X | GBP | Ireland | BLLV893 | 1.803 | -0.012 | |||
X | USD | Ireland | BLLV871 | 1.932 | -0.019 | |||
JOHCM UK Opportunities Fund | 29/06/2022 | A Accumulating | GBP | UK | B0LLB64 | 2.990 | -0.035 | |
A Distributing | GBP | UK | B3K76Q9 | 1.914 | -0.022 | |||
B Accumulating | GBP | UK | B0LLB75 | 2.767 | -0.033 | |||
B Distributing | GBP | UK | B3K76P8 | 1.796 | -0.021 | |||
X Accumulating | GBP | UK | BQJZQQ5 | 1.378 | -0.016 | |||
X Distributing | GBP | UK | B95MSF4 | 1.086 | -0.013 | |||
Y | GBP | UK | B95J5C1 | 1.290 | -0.015 | |||
Y Accumulating | GBP | UK | B95HP81 | 1.674 | -0.020 | |||
Regnan Global Equity Impact Solutions Fund (offshore) | 29/06/2022 | A | EUR | Ireland | BN2BD91 | 0.826 | -0.023 | |
A | GBP | Ireland | BN2BD80 | 0.802 | -0.019 | |||
A | USD | Ireland | BN2BDC4 | 0.720 | -0.019 | |||
A Hedged | EUR | Ireland | BN2BDB3 | 0.702 | -0.020 | |||
B | EUR | Ireland | BN2BDF7 | 0.817 | -0.023 | |||
B | GBP | Ireland | BN2BDD5 | 0.796 | -0.019 | |||
B | USD | Ireland | BN2BDH9 | 0.713 | -0.019 | |||
B Hedged | EUR | Ireland | BN2BDG8 | 0.690 | -0.019 | |||
Seed | EUR | Ireland | BN2BDS0 | 0.837 | -0.024 | |||
Seed | GBP | Ireland | BN2BDR9 | 0.813 | -0.019 | |||
Seed | USD | Ireland | BN2BDV3 | 0.726 | -0.021 | |||
Seed Hedge | EUR | Ireland | BN2BDT1 | 0.707 | -0.019 | |||
Z | GBP | Ireland | BN2BDN5 | 0.810 | -0.020 | |||
Regnan Global Equity Impact Solutions Fund (offshore) | 29/06/2022 | Y CAD | CAD | Ireland | BMWMY49 | 0.823 | -0.022 | |
Regnan Global Equity Impact Solutions Fund (onshore) | 29/06/2022 | A Accumulating | GBP | UK | BMCZDD0 | 0.946 | -0.022 | |
F Accumulating | GBP | UK | BMCZDJ6 | 0.957 | -0.021 | |||
Y Accumulating | GBP | UK | BMCZDK7 | 0.949 | -0.021 | |||
Regnan Sustainable Water and Waste Fund (offshore) | 29/06/2022 | A | EUR | Ireland | BLPKC72 | 0.843 | -0.013 | |
A | USD | Ireland | BLPKC94 | 0.786 | -0.013 | |||
A | GBP | Ireland | BLPKC61 | 0.857 | -0.011 | |||
B | EUR | Ireland | BLPKCC7 | 0.845 | -0.014 | |||
B | GBP | Ireland | BLPKCB6 | 0.859 | -0.011 | |||
B | USD | Ireland | BLPKF84 | 0.788 | -0.012 | |||
Y | GBP | Ireland | BLPKF95 | 0.858 | -0.011 | |||
Y | EUR | Ireland | BLPKFC8 | 0.843 | -0.013 | |||
Y | USD | Ireland | BLPKFF1 | 0.786 | -0.013 | |||
Regnan Sustainable Water and Waste Fund (onshore) | 29/06/2022 | A Accumulating | GBP | UK | BMYXD32 | 0.918 | -0.013 | |
F Accumulating | GBP | UK | BMYXQ55 | 0.924 | -0.013 | |||
Y Accumulating | GBP | UK | BMYXQ55 | 0.924 | -0.013 |
JOHCM Global Income Builder Fund
Share class | 07/21 | 08/21 | 09/21 | 10/21 | 11/21 | 12/21 | 01/22 | 02/22 | 03/22 | 04/22 | 05/22 | 06/22 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
A GBP | 0.3257 | 0.3877 | 0.3516 | 0.3570 | 0.3621 | 0.3848 | 0.3789 | 0.3654 | 0.3251 | 0.3709 | 0.3481 | 0.3848 |
A EUR | 0.3336 | 0.3978 | 0.3638 | 0.3677 | 0.3601 | 0.3996 | 0.4003 | 0.3863 | 0.3443 | 0.3889 | 0.3655 | 0.3990 |
A USD | 0.3443 | 0.3985 | 0.3651 | 0.3597 | 0.3518 | 0.3821 | 0.3812 | 0.3676 | 0.0349 | 0.3634 | 0.3242 | 0.3611 |
A SGD | 0.3364 | 0.3965 | 0.3644 | 0.3609 | 0.3506 | 0.3848 | 0.3823 | 0.3665 | 0.3256 | 0.3641 | 0.3321 | 0.3661 |
B EUR | 0.3229 | 0.3847 | 0.3515 | 0.3546 | 0.3469 | 0.3847 | 0.3850 | 0.3712 | 0.3306 | 0.3731 | 0.3503 | 0.3820 |
Seed | 0.2966 | 0.3538 | 0.3237 | 0.3274 | 0.3207 | 0.3561 | 0.3978 | 0.3838 | 0.3416 | 0.3470 | 0.3262 | 0.3562 |
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).
JOHCM UK Equity Income Fund
Share class | Q4 19 | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 |
---|---|---|---|---|---|---|---|---|---|---|
A distributing GBP | 2.0409 | 1.5930 | 1.1154 | 1.2632 | 1.0771 | 1.1681 | 2.3283 | 3.0863 | 1.2881 | 1.9828 |
A accumulating GBP | 4.1082 | 3.2391 | 2.2958 | 2.6218 | 2.2581 | 2.4649 | 4.9447 | 6.6368 | 2.8152 | 4.3509 |
B distributing GBP | 1.9017 | 1.4790 | 1.0379 | 1.1739 | 0.9997 | 1.0825 | 2.1559 | 2.8539 | 1.1897 | 1.8271 |
B accumulating GBP | 3.8367 | 3.0210 | 2.1395 | 2.4391 | 2.0980 | 2.2869 | 4.5836 | 6.1431 | 2.6020 | 4.0228 |
Y distributing GBP | 1.3744 | 1.0730 | 0.7534 | 0.8514 | 0.7263 | 0.7879 | 1.5709 | 2.0833 | 0.8697 | 1.3383 |
Y accumulating GBP | 1.6547 | 1.3051 | 0.9242 | 1.0570 | 0.5363 | 0.9944 | 1.9953 | 2.6787 | 1.1364 | 1.7602 |
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).
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 | 28 Feb 2022 | pence per share | 6.2558 |
A - accumulating | GBP | 28 Feb 2022 | pence per share | 8.9515 |
B - distributing | GBP | 28 Feb 2022 | pence per share | 5.6880 |
B - accumulating | GBP | 28 Feb 2022 | pence per share | 9.9325 |
Y - distributing | GBP | 28 Feb 2022 | pence per share | 3.9239 |
Y - accumulating | GBP | 28 Feb 2022 | pence per share | 5.1639 |
Y | GBP | 28 Feb 2022 | pence per share | 3.2091 |
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.
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
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.
Read MoreAmongst other characteristics, the Fund promotes environmental and social characteristics and invests in companies that apply good corporate governance. JOHCM Funds (Ireland) Limited, the Fund’s manager, has therefore categorised the Fund as meeting the provisions set out in Article 8 of EU Regulation 2019/2088 on sustainability-related disclosures in the financial services sector (“SFDR”).
J O Hambro Capital Management Limited (“Investment Manager”) seeks to avoid sectors which contribute to significant social and environmental harms. The Investment Manager uses ESG performance indicators to assess and monitor its investments as well as within the investment decision-making process.
In addition to considering ESG key performance indicators, the Fund applies exclusions to support the avoidance of harms. In order to reduce the adverse environmental impact of the Fund’s portfolio and in particular its contribution to climate change, the Investment Manager excludes investments in any companies which derive 10% or more of their revenue from thermal coal mining, coal-based power generation, oil and gas extraction and production, or from unconventional oil and gas. Also excluded are companies which derive 10% or more of their revenue from activities which contribute to social harms, in particular, gambling, weapons and tobacco. These selection criteria may not be disapplied or overridden by the Investment Manager.
See full details on the implementation of the exclusions below.
The Investment Manager recognises that ESG factors can create risks and opportunities for companies and looks for companies who may benefit from this by incorporating ESG factors into their analytical framework and portfolio construction.
In order to measure and monitor the environmental characteristics of the Fund, the Investment Manager will review the carbon footprint of the portfolio and environmental data published by its investee companies. For the social characteristics of the Fund, the Investment Manager will review whether investee companies have implemented appropriate policies and structures to support sustainable business practices.
Although the Fund may invest in companies which engage in economic activities that contribute to an environmental objective within the meaning of the EU’s Sustainable Finance Disclosure Regulation (SFDR), the Investment Manager is currently not in a position to assess the proportion, as a percentage of the Fund’s portfolio, of investments in environmentally sustainable activities which are aligned to the EU’s Taxonomy Regulation (TR) (Regulation (EU) 2020/852) and amending Regulation (EU) 2019/2088.
This is due to a lack of reliable, timely and verifiable data for the Investment Manager to make a full and accurate assessment of the investments of the Fund against the TR’s Technical Screening Criteria in respect of climate change mitigation and climate change adaptation. It is also important to note that given the geographical focus of the Fund’s strategy, companies within the investment universe might not be under any obligation to provide the data required under EU legislation.
As a result, the Investment Manager is unable to determine whether the underlying investments in the Fund contribute to climate change mitigation and/or climate change adaptation,or whether the Fund has investments in economic activities that qualify as environmentally sustainable pursuant to the TR. As such, it has been determined that, 0% of the Fund’s investments are in economic activities that qualify as environmentally sustainable under the TR.
The Investment Manager is keeping this situation under review and will revisit the TR disclosure requirements once sufficient data is available.
Investee companies must follow good governance practices. This requires investee companies to adhere to minimum standards in various areas including sound management structures, employee relations, remuneration of staff and tax compliance. The Investment Manager is a signatory to the UK Stewardship Code 2012. JOHCM has met the expected standard of reporting under the UK Stewardship Code in 2021 and has been approved as a signatory.. As a signatory to the Code and the UNPRI, the good governance practices of investee companies are assessed by the Investment Manager prior to making an investment and periodically thereafter.
The Fund uses the MSCI AC (All Country) Asia ex-Japan Index for performance fee calculation purposes only and it is not, nor is it intended to be, aligned and/or consistent with the environmental and social characteristics promoted by the Fund.
A description of the extent to which environmental and social characteristics are met will be available as part of the annual report which will be published on this website once available. The Fund’s most recent annual report does not include any information pursuant to SFDR.
In implementing our exclusionary screens, we utilise the business involvement screening service offered by our third-party provider, ISS. As such, we rely upon ISS’s business involvement definitions, data and assessments. Further details are available on request.
The exclusion criteria referred to above will be applied prior to making any investment and the Fund’s portfolio will be monitored for any investments which breach these exclusion criteria on a periodic basis.
For a better experience, we recommend viewing this website in landscape orientation.