JOHCM Continental European Fund

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Fund Description

Paul Wild manages this long-established fund with a pragmatic investment process that combines top-down economic and sector views with bottom-up stock picking. The Fund’s core style and risk profile has enabled it to outperform in both up and down markets and helped to build a market-leading performance track record since the Fund’s launch in 2001.
  • The Fund invests primarily in European blue chip and medium-sized companies
  • Paul Wild employs top-down sector analysis, focusing upon industry fundamentals, earnings growth potential and momentum, as well as simple sector valuations
  • Paul's bottom-up stock selection involves the identification of factors leading to potentially strong company earnings growth and positive earnings momentum (e.g. pricing power, brand positioning, financial management) and comparative valuation analysis
  • Paul adopts clear risk controls at both stock and industry level in order to maintain a low level of performance volatility.
Reasons To Invest
  • Diversified portfolio of Continental European equities primarily invested in blue chip and medium-sized companies
  • Focus upon the identification of both specific and industry-wide growth opportunities
  • The Fund has a long-term track record of combining superior capital growth with low performance volatility
  • Paul Wild

    Senior Fund Manager

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  • Justin MacGregor

    Senior Analyst

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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. Investments 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 European Equity Funds

JOHCM European Select Values Fund

Fund manager Robrecht Wouters has a highly selective, valuation-oriented investment style, which focuses on undervalued pan-European companies that generate high returns on capital. His stock-picking approach is unconstrained by benchmark weightings and combines traditional ‘value’ investing (focusing on attractive valuations) an...

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Investment Objective

The Fund aims to achieve long-term capital appreciation by investing in the equity securities of companies in the Europe ex UK region. Up to 15% of the Fund may be invested in companies domiciled outside the region.

Fund details

Data as at 31 October 2023
Fund size GBP 463.76m
Benchmark MSCI Europe ex UK NR 12pm adjusted
Domicile Ireland
Denomination GBP, EUR
Share classes

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Unit type Distribution
XD Date 31 December
Payment date 28 February
Minimum investment
A GBP 1,000
B GBP 1,000
Valuation point Daily (12pm, UK time)
Dealing frequency Daily 9-5pm

Fees and charges

Initial charge Up to 5%
Performance fee

Please review the latest factsheet for more information our fees and charges here

Administration

Status UCITS
Investment manager J O Hambro Capital Management Limited
Transfer agent and registrar Northern Trust International Fund Administration Services (Ireland) Limited
Depositary Northern Trust Fiduciary Services (Ireland) 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. Investments 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 31 October 2023

Markets showed weakness in October, driven by a further sell-off in bond markets and significant geopolitical concerns in the Middle East. The Federal Open Market Committee (FOMC) meeting in the US caused investors to dial down rate cut expectations and the 10-year Treasury yield hit 5% for the first time since 2007. The European Central Bank chose to leave interest rates unchanged and spoke of rates at current levels making a ‘substantial contribution’ to returning inflation to the 2% medium-term target, which led many to believe that rates have peaked. The euro and euro area PMI were weaker than expected at 46.5, falling 0.7 month-on-month, with manufacturing now down to 43 and services at 47.8. The flash estimate for third quarter GDP declined by 0.1% quarter-on-quarter, with stagnation in Germany and Italy. More positively, the October inflation reading came out at 2.9% year-on-year, the lowest since June 2021, some 20 basis points less than expected. In the US, 2023Q3 GDP grew stronger than expected at 4.9% annualised, but fears persist that 2023Q4 will be markedly weaker, with many still forecasting a brief recession starting in 2024. The employment cost index annualised 4.3%, falling from over 5% at the beginning of the year.

The fund marginally underperformed the benchmark over the month, held back by an end-of-month warning from Sanofi. In an environment where surprises are not well tolerated, Sanofi’s announcement of a further €2bn per annum investment in research and development (R&D) and a higher tax rate was harshly punished versus the high single-digit downgrades. We fear the announcement heavily dilutes the investment case and we subsequently reduced the holding post a bounce in early November. Over the month, the positive allocation in consumer discretionary and utilities was offset by the weaker stock picking, mainly in industrials and technology. Novo Nordisk continued to perform well after the pre-announcement of the upward revision in full-year guidance, the third this year, now targeting growth of 32-38% in revenue and 40-46% in EBIT at constant currency.

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. Investments 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. Investments 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 31 October 2023
A GBP share class, since launch (5 November 2001)

Return history (%)

Data as at 31 October 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. 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.
 


Sep 18 - Sep 19 Sep 19 - Sep 20 Sep 20 - Sep 21 Sep 21 - Sep 22 Sep 22 - Sep 23
Fund 0.27% 1.08% 22.61% -12.20% 20.31%

Monthly returns (%)

Data as at 31 October 2023
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual Since inception
Fund 2001 5.00 5.00
Benchmark 2001 2.66 1.65 4.35
Fund 2002 0.10 2.28 5.12 -1.95 -0.63 -6.45 -11.17 -0.55 -14.07 7.29 7.51 -7.98 -20.95
Benchmark 2002 -3.89 0.21 5.14 -2.96 0.23 -9.83 -12.74 1.16 -12.19 4.65 9.90 -8.63 -27.66
Fund 2003 -4.10 -0.38 0.63 14.29 6.36 2.06 4.55 3.48 -2.05 4.96 2.91 4.15 42.17
Benchmark 2003 -5.29 -1.81 2.40 10.42 4.26 2.05 3.32 2.74 -2.92 3.42 3.35 4.83 29.17
Fund 2004 1.69 -0.33 -4.10 3.05 -3.13 3.58 -3.96 0.26 5.08 1.17 4.03 4.35 11.69
Benchmark 2004 1.19 -0.59 -3.30 2.70 -1.74 3.69 -4.50 1.30 4.31 2.61 3.35 3.48 12.71
Fund 2005 0.68 3.32 -0.44 -4.54 6.06 2.32 8.98 -0.97 5.37 -6.47 7.31 4.96 28.53
Benchmark 2005 -0.86 3.26 -0.24 -4.21 5.82 2.39 7.75 -2.40 4.91 -3.71 5.76 4.26 24.16
Fund 2006 4.43 3.96 4.89 -0.21 -7.84 1.47 0.83 1.54 3.09 0.95 2.50 2.85 19.36
Benchmark 2006 3.05 3.01 4.17 0.22 -6.53 1.92 0.93 1.78 3.47 1.77 1.73 2.31 18.85
Fund 2007 1.43 -0.05 3.02 5.91 2.30 -1.81 -2.92 -0.60 4.71 1.20 -0.09 2.42 16.27
Benchmark 2007 0.96 0.50 2.80 6.02 2.87 -2.60 -2.56 -0.50 5.07 2.34 -0.80 2.03 16.91
Fund 2008 -11.60 3.69 -1.08 4.13 2.17 -7.85 -1.32 3.42 -13.87 -14.54 2.74 16.12 -20.34
Benchmark 2008 -12.19 3.75 0.35 4.48 2.09 -10.85 -0.33 3.30 -12.84 -17.26 1.57 17.29 -23.10
Fund 2009 -11.58 -11.99 4.71 12.80 2.33 -3.91 7.78 12.24 8.94 -3.74 0.62 3.48 19.37
Benchmark 2009 -12.76 -11.45 7.17 12.51 2.20 -3.30 8.63 9.89 6.91 -3.34 0.98 3.13 18.26
Fund 2010 -5.57 2.44 9.04 -3.48 -7.19 -3.48 5.64 -3.90 9.36 4.30 -5.00 9.38 9.73
Benchmark 2010 -7.02 2.43 8.31 -3.90 -6.78 -3.73 6.32 -4.42 10.16 3.44 -5.29 8.41 5.77
Fund 2011 2.50 1.28 1.02 3.52 -1.64 0.87 -6.50 -9.82 -6.31 13.17 -11.50 1.64 -13.37
Benchmark 2011 2.09 0.75 1.54 4.65 -2.31 0.34 -6.68 -11.40 -6.89 11.16 -8.58 1.64 -14.79
Fund 2012 5.31 6.42 -1.65 -6.09 -7.60 4.71 2.75 4.48 3.31 2.30 2.43 2.41 19.19
Benchmark 2012 5.11 5.90 -1.77 -5.10 -7.15 4.24 3.31 3.75 2.27 2.35 2.96 1.96 18.31
Fund 2013 10.09 0.89 -0.08 1.23 5.48 -4.88 7.05 -1.69 2.18 7.36 -0.16 1.28 31.59
Benchmark 2013 9.48 0.85 -0.84 2.20 3.32 -4.68 6.84 -2.18 2.22 5.94 -0.51 0.54 24.75
Fund 2014 -2.39 5.52 0.91 -1.55 2.37 -3.30 -4.11 2.03 0.59 -1.10 5.44 -3.51 0.29
Benchmark 2014 -3.76 5.77 1.23 0.08 1.51 -2.40 -3.06 1.65 -1.24 -0.87 4.92 -3.71 -0.43
Fund 2015 4.94 2.87 3.45 -0.72 2.45 -5.13 2.40 -3.73 -2.35 4.15 1.17 0.15 9.48
Benchmark 2015 4.29 2.67 3.72 -1.39 1.76 -5.88 2.43 -5.22 -2.87 4.85 1.46 -0.53 4.66
Fund 2016 -4.23 0.90 3.18 0.44 0.06 2.45 5.96 2.56 -0.21 6.43 -5.59 5.89 18.45
Benchmark 2016 -4.54 0.82 3.69 0.94 -0.70 2.42 6.60 2.18 -0.39 6.08 -5.16 6.31 18.89
Fund 2017 1.35 -1.02 3.43 0.80 5.58 -1.40 1.95 1.66 0.36 1.21 -0.60 -1.13 12.66
Benchmark 2017 1.67 0.27 4.63 1.46 5.24 -0.95 1.00 2.01 -0.81 2.05 -1.22 -0.44 15.71
Fund 2018 3.10 -3.36 -3.80 5.22 -0.98 -0.37 3.72 -1.51 0.05 -5.80 -1.15 -5.80 -10.81
Benchmark 2018 1.69 -3.51 -3.23 4.40 -0.31 -0.41 4.75 -0.97 -1.03 -5.97 -0.25 -5.16 -10.12
Fund 2019 2.53 2.09 1.48 3.30 -2.62 5.71 2.90 -2.16 0.53 -1.95 1.96 1.67 16.20
Benchmark 2019 3.65 1.74 1.82 4.92 -2.45 6.54 2.72 -1.37 0.40 -1.56 1.83 1.16 20.76
Fund 2020 -2.32 -7.65 -11.43 7.41 8.77 5.95 -0.95 2.73 -1.18 -7.56 16.59 2.86 10.23
Benchmark 2020 -1.23 -6.67 -11.33 6.73 7.06 4.40 -0.71 2.05 -0.08 -6.49 14.65 1.90 7.85
Fund 2021 -2.37 2.46 4.74 2.51 2.16 -1.41 0.25 4.86 -2.74 1.27 -2.95 5.90 15.12
Benchmark 2021 -1.90 -0.19 4.36 3.78 1.90 1.40 1.38 3.22 -3.44 1.94 -1.42 4.26 16.00
Fund 2022 -2.15 -5.98 3.19 -3.32 2.40 -8.80 3.64 -1.73 -3.36 5.18 7.30 0.98 -3.87
Benchmark 2022 -6.17 -4.74 4.39 -2.89 0.77 -8.39 6.38 -2.22 -4.92 4.33 7.63 0.02 -7.07
Fund 2023 6.13 2.57 -0.64 1.58 -2.31 0.29 0.54 -1.29 -1.18 -3.01 2.39 532.07
Benchmark 2023 5.03 2.36 0.18 1.95 -2.48 0.90 2.06 -2.15 -1.40 -2.85 3.36 328.81

Source and notes

JOHCM/MSCI Barra/FTSE Group/Bloomberg/Lipper.

Data shown net of fees, net income reinvested. Please note that fund performance is shown against the MSCI Europe ex UK NR 12pm adjusted. Data for the period 5 November 2001 to 31 December 2012 is shown against the FTSE Eurofirst 300 ex UK TR Index. Performance of other share classes may vary and is available on request. Where shown, monthly returns table shows compounded discrete monthly performance. During the period  5 November 2001 to 7 May 2003 the performance record is based on the pre-existing share class that had a higher management fee.

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. 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. Investments 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 31 October 2023
Fund size GBP 463.76m
Number of holdings 36

Top 10 holdings and active weights

Data as at 31 October 2023
Top 10 holdings
Novo Nordisk 8.09%
Nestle 7.47%
CRH 5.50%
Novartis 5.37%
AXA 4.77%
RWE 4.13%
Siemens 4.00%
Sanofi 3.94%
Heineken 3.90%
Deutsche Telekom 3.39%
Top 10 active weights
CRH +5.50%
AXA +4.00%
RWE +3.79%
Novo Nordisk +3.67%
Heineken +3.54%
Nestle +3.41%
Veolia +3.02%
Novartis +2.68%
Orange +2.52%
Sanofi +2.49%

Sector breakdown

Data as at 31 October 2023
Portfolio Benchmark Relative
Health Care 21.33% 16.91% 4.42%
Industrials 16.20% 15.92% 0.28%
Financials 12.52% 17.66% -5.14%
Consumer Staples 12.29% 10.49% 1.81%
Utilities 8.73% 4.34% 4.39%
Communication Services 7.63% 3.38% 4.25%
Information Technology 7.14% 8.50% -1.36%
Consumer Discretionary 6.02% 11.98% -5.95%
Materials 5.50% 6.04% -0.54%
Real Estate 1.24% 0.80% 0.44%
Energy 0.00% 3.99% -3.99%
Cash 1.40% 0.00% 1.40%

Market cap breakdown

Data as at 31 October 2023
Portfolio Benchmark Relative
Large Cap 94.81% 98.94% -4.13%
Medium Cap 3.80% 1.06% 2.74%
Small Cap 0.00% 0.00% 0.00%
Cash 1.39% 0.00% 1.39%

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. Investments 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
European Equities JOHCM Continental European Fund 29/11/2023 A - Hedged GBP GBP Ireland IE00BSJCJ493 1.629 0.013
European Equities JOHCM Continental European Fund 29/11/2023 A - Hedged USD USD Ireland IE00BJ4G0G26 1.93 0.016
European Equities JOHCM Continental European Fund 29/11/2023 A EUR EUR Ireland IE0033009238 4.714 0.039
European Equities JOHCM Continental European Fund 29/11/2023 A GBP GBP Ireland IE0033009121 5.849 0.035
European Equities JOHCM Continental European Fund 29/11/2023 B - Hedged USD USD Ireland IE00BJ4G0H33 1.961 0.016
European Equities JOHCM Continental European Fund 29/11/2023 B EUR EUR Ireland IE0033009014 4.731 0.038
European Equities JOHCM Continental European Fund 29/11/2023 B GBP GBP Ireland IE0031005436 5.623 0.033
European Equities JOHCM Continental European Fund X - Hedged GBP Ireland IE00BDZD4P74
European Equities JOHCM Continental European Fund 29/11/2023 X GBP GBP Ireland IE000GIBTD95 1.184 0.007
European Equities JOHCM Continental European Fund 29/11/2023 Y - Hedged GBP GBP Ireland IE00BSJCJ501 1.702 0.014
European Equities JOHCM Continental European Fund 29/11/2023 Y EUR EUR Ireland IE00B98YKX92 1.817 0.014
European Equities JOHCM Continental European Fund 29/11/2023 Y GBP GBP Ireland IE00B993PD05 2.156 0.013
European Equities JOHCM Continental European Fund 29/11/2023 Y USD USD Ireland IE000UIRB5V7 1.337 0.015

Dividend Rates

Funds paying quarterly dividends

JOHCM UK Equity Income Fund

Share class Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23
A distributing GBP 1.2881 1.9828 3.4453 3.1410 1.8309 2.1053 3.2723 3.4292
A accumulating GBP 2.8152 4.3509 7.6541 7.1149 4.2268 4.9097 7.7197 8.2427
B distributing GBP  1.1897 1.8271 3.1746 2.8895 1.6822 1.9315 3.0000 3.1395
B accumulating GBP 2.6020 4.0228 7.0604 6.5526 3.8884 4.5096 7.0851 7.5529
Y distributing GBP 0.8697 1.3383 2.3274 2.1211 1.2376 1.4237 2.2134 2.3200
Y accumulating GBP 1.1364 1.7602 3.0924 2.8757 1.7088 1.9315 3.1230 3.3359

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 Northern Trust directly on 0333 300 0359 or by email JOH_Onshore_TAQueries@ntrs.com.

Funds paying semi-annual dividends

All funds have a XD date of 30 June, pay date of 31 August and XD date of 31 December, pay date 28 February.

JOHCM UK Dynamic Fund (Onshore)

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 31 Aug 2023 pence per share 4.7348
A - accumulating GBP 31 Aug 2023 pence per share  7.2848
B - distributing GBP 31 Aug 2023 pence per share  4.2666
B - accumulating GBP 31 Aug 2023 pence per share 8.0119
Y - distributing GBP 31 Aug 2023 pence per share 2.9766
Y - accumulating GBP 31 Aug 2023 pence per share 4.2119
X - distributing GBP 31 Aug 2023 pence per share 2.4775
X - accummulating GBP 31 Aug 2023 pence per share 2.8519
M - distributing GBP 31 Aug 2023 pence per share 0.6975
M - accumulating GBP 31 Aug 2023 pence per share 0.6975
K - distributing GBP 31 Aug 2023 pence per share 0.6130
K - accumulating  GBP 31 Aug 2023 pence per share 0.6128

JOHCM UK Dynamic Fund (Offshore)

Share class Currency Pay date Dividend paid in  Dividend rate
Y GBP 31 Aug 2023 pence per share 2.2517
Y EUR 31 Aug 2023 pence per share 2.1310
Y USD 31 Aug 2023 pence per chare 2.3831

JOHCM Global Select Shariah Fund 

Share class Currency Pay date Dividend paid in  Dividend rate
A USD 31 Aug 2023 pence per share 0.3187

Funds paying annual dividends

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

JOHCM Asia ex Japan Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 0.0000
A EUR 28 Feb 2023 cents per share 0.0000
A USD 28 Feb 2023 cents per share 0.0000
B GBP 28 Feb 2023 pence per share 0.0000
B EUR 28 Feb 2023 cents per share 0.0000
B USD 28 Feb 2023 cents per share 0.0000
Z GBP 28 Feb 2023 cents per share 1.2559
Z USD 28 Feb 2023 cents per share 0.0088

JOHCM Asia ex Japan Small and Mid Cap Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 0.0000
A EUR 28 Feb 2023 cents per share 0.0000
A USD 28 Feb 2023 cents per share 0.0000
B GBP 28 Feb 2023 pence per share 0.0000
B EUR 28 Feb 2023 cents per share 0.0000
B USD 28 Feb 2023 cents per share 0.0000
Z GBP 28 Feb 2023 cents per share 0.0000


JOHCM Continental European Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 10.0915
A EUR 28 Feb 2023 cents per share 7.9953
A - hedge GBP 28 Feb 2023 pence per share 2.9851
B GBP 28 Feb 2023 pence per share 7.7618
B EUR 28 Feb 2023 cents per share 6.4068
B - hedge USD 28 Feb 2023 cents per share 1.1526
Y GBP 28 Feb 2023 pence per share 3.7378
Y - hedge GBP 28 Feb 2023 pence per share 3.2781
Y EUR 28 Feb 2023 cents per share 3.0566

JOHCM European Select Values Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2023 pence per share 4.8151
A EUR 28 Feb 2023 cents per share 2.6779
B GBP 28 Feb 2023 pence per share 2.0318
B EUR 28 Feb 2023 cents per share 0.8256
Y EUR 28 Feb 2023 cents per share 0.8964


JOHCM Global Emerging Markets Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 3.9725
A EUR 28 Feb 2023 cents per share 3.7874
A USD 28 Feb 2023 cents per share 2.7065
B GBP 28 Feb 2023 pence per share 3.5330
B EUR 28 Feb 2023 cents per share 3.4128
B USD 28 Feb 2023 cents per share 3.0881
Y GBP 28 Feb 2023 pence per share 4.9039
Y USD 28 Feb 2023 cents per share 2.8124
Z GBP 28 Feb 2023 cents per share 7.3245

JOHCM Global Opportunities Fund (onshore)

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 2.5742
A - hedged GBP 28 Feb 2023 pence per share 2.3240
X GBP 28 Feb 2023 cents per share 2.4772

JOHCM Global Opportunities Fund (offshore)

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 4.4298
A EUR 28 Feb 2023 cents per share 4.1956
A USD 28 Feb 2023 cents per share 3.3076
B EUR 28 Feb 2023 cents per share 3.8301
B USD 28 Feb 2023 cents per share 3.1239
A - hedged EUR 28 Feb 2023 cents per share 1.6538
X GBP 28 Feb 2023 cents per share 3.7875
Z GBP 28 Feb 2023 cents per share 1.7774
X - hedged GBP 28 Feb 2023 cents per share 2.1090
X EUR 28 Feb 2023 cents per share 1.9147

JOHCM Global Select Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2023 pence per share 2.5774
A EUR 28 Feb 2023 cents per share 2.0747
A USD 28 Feb 2023 cents per share 1.0629
B GBP 28 Feb 2023 pence per share 0.0000
B EUR 28 Feb 2023 cents per share 0.0000
B USD 28 Feb 2023 cents per share 0.0000
Z GBP 28 Feb 2023 pence per share 4.2279


JOHCM UK Growth Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 4.6405
B GBP 28 Feb 2023 pence per share 2.4239
X GBP 28 Feb 2023 pence per share 2.5898

JOHCM UK Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 28 Feb 2023 pence per share 6.1160
A - accumulating GBP 28 Feb 2023 pence per share 9.5564
B - distributing GBP 28 Feb 2023 pence per share 5.7397
B - accumulating GBP 28 Feb 2023 pence per share 8.8440
Y - accumulating GBP 28 Feb 2023 pence per share 5.3515
Y - distributing GBP 28 Feb 2023 pence per share 4.1220

 

Net dividends quoted in the local share class currency.

If you would like more information, please contact Northern Trust directly on 0333 300 0359 or by email JOH_Onshore_TAQueries@ntrs.com. Email us at oeicdealing@johcm.co.uk.

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  • 12 Dec 2022

    European Outlook 2023

    With a tolerable monetary headwind, pockets of earnings tailwinds and modest valuations it may just be that Europe continues to shine versus its peers.

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  • 25 Mar 2022

    Europe: Where are we now?

    JOHCM Continental European Fund

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  • 02 Feb 2022

    Europe comes to the fore

    Paul Wild, manager of the JOHCM Continental European Fund, on Europe's improving macro picture and how he is positioned to benefit. 

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  • 30 Mar 2021

    Europe one year on...

    A look at the investment landscape in Europe and the key areas where we are finding opportunities. 

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  • 30 Sep 2020

    Three reasons to look again at Europe

    Is it time for investors to look again at European equities?

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  • 19 Jun 2020

    Europe three months on – a steadier ship

    The JOHCM Continental European Fund team point to signs of encouragement in European markets and economies.

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  • 23 Mar 2020

    The world has changed

    Paul Wild, manager of the JOHCM Continental European Fund, gives his take on the Coronavirus-driven sell-off. 

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Webcasts & Videos

  • JOHCM Continental European Fund Q3 2023 Update

    03 Aug 2023 | 25 mins

  • A Route Through Recession

    30 Jun 2023 | 30 mins

  • JOHCM Continental European Fund Q2 2023 Update

    25 Apr 2023 | 28 mins

  • JOHCM Continental European Fund Q1 2023 Update

    26 Jan 2023 | 27 mins

  • Paul Wild

    Senior Fund Manager

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  • Justin MacGregor

    Senior Analyst

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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. Investments 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 European Equity Funds

JOHCM European Select Values Fund

Fund manager Robrecht Wouters has a highly selective, valuation-oriented investment style, which focuses on undervalued pan-European companies that generate high returns on capital. His stock-picking approach is unconstrained by benchmark weightings and combines traditional ‘value’ investing (focusing on attractive valuations) an...

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Summary

This webpage is designed to provide the reader with information about the J O Hambro Capital Management Continental European 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.

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