JOHCM Global Income Builder Fund

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Fund Description

The JOHCM Global Income Builder Fund is a multi-asset portfolio that aims to provide an attractive and persistent stream of income along with long-term capital growth to preserve purchasing power. As of 1 January 2021, the Fund intends to make distributions to shareholders of 4% of net asset value per annum, with distributions made on a monthly basis.

 
Investment Strategy

The Fund is managed by JOHCM’s New York-based Multi-Asset Value team, which includes Senior Fund Managers Giorgio Caputo, Robert Hordon and Adam Gittes and Analysts Remy Gicquel and Hugues Le Bras. Giorgio and Robert were most recently employed by First Eagle Investment Management where they partnered to help the firm develop and launch its Global Income Builder strategy, which included the First Eagle Amundi Income Builder Fund. 

In contrast to most top-down approaches to multi-asset investing, this experienced team employs a differentiated bottom-up approach to investing across asset classes. The team follows a 'value' philosophy that focuses first and foremost on the protection and preservation of capital by investing with a margin of safety. The Fund typically holds 30% - 70% in equities, with the balance invested in fixed income, commodities and cash.

  • Giorgio Caputo

    Senior Fund Manager & Head of Multi-Asset Value

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  • Robert Hordon

    Senior Fund Manager

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  • Adam Gittes

    Senior Fund Manager & Head of Credit

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  • Rémy Gicquel

    Analyst

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  • Hugues Le Bras

    Analyst

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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.

 

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Investment Objective

The objective of the Fund is to offer regular income generation consistent with long termcapital growth. To achieve this objective the Fund will apply an investment process based on fundamental analysis (i.e. a method of evaluating the “intrinsic value” of a security by examining related economic, financial and other qualitative and quantitative factors).

The Fund seeks to achieve its investment objective by applying a bottom-up, long-term global value investing philosophy across a variety of asset classes as further detailed below. In a bottom-up approach, companies and securities are researched and chosen individually rather than on the industry in which that company operates or on the economy as a whole. The Fund will invest in a wide range of equity securities of companies located in multiple countries around the world with a focus on shares which offer an attractive dividend yield (generally two percent or higher). The Fund will invest in a wide range of fixed income instruments securities from markets in multiple countries around theworld such as high-yield instruments debt-securities (commonly referred to as ‘‘junk bonds’’), investment grade instruments debt securities and sovereign debt securities.

Fund details

Data as at 31 December 2020
Fund size GBP 106.53m
Strategy size GBP 172.93m (as at 30 September 2020)
Fund inception date 30 April 2018
Domicile Ireland
Denomination GBP, USD, EUR, SGD
Share classes
A GBP (Launch date) 30-April-2018
A EUR (Launch date) 30-April-2018
A USD (Launch date) 04-April-2019
A SGD (Launch date) 04-April-2019
B EUR (Launch date) 30-April-2018
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 IE00BFZWPC28 BFZWPC2
A EUR IE00BFZWPD35 BFZWPD3
A USD IE00BFZWPF58 BFZWPF5
A SGD IE00BFZWPG65 BFZWPG6
B EUR IE00BFZWPJ96 BFZWPJ9

Fees and charges

Initial charge Up to 5%
Annual mgmt charge (A) 0.65%
Annual mgmt charge (B) 1.75%
Performance fee

Administration

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.

 

Strategy Highlights

As at 31 December 2020

Our equity exposure increased somewhat during the fourth quarter and ended the year at just over 60 per cent. This was the result of market appreciation as well as some additional capital deployments into a few, carefully-selected defensive equities. 

With the possibility of rising rates, we are particularly focused on the balance between (i) longer duration, rate sensitive assets (across fixed income and equities) that could be impacted by rising rates and (ii) more cyclical, recovery-oriented investments that could protect and profit from inflation and higher yields and/or steeper yield curves.

Within corporate bonds, we continue to have a sizeable allocation to non-traditional bonds such as preferreds, converts, hybrids and subordinateds). This is where we see value, with credit pretty well bid. 

With many cyclical and recovery-oriented shares appreciating sharply, we took some profits in such areas as financial services, travel companies, foodservice, catering and office real estate. We also exited an investment in a communication services company which is being acquired. 

Sales were more than offset by purchases of utility, pharmaceutical and consumer staples / food companies which saw modest declines as investors bid up cyclicals. Pharmaceutical and staples investments offer attractive income and growth, while boasting pricing power to help offset potential inflation. 

Utility investments can benefit from the transition to greener energy. As fiscal stimulus aligns with decarbonisation efforts, well-positioned utilities can recapture – as growth – some of the headwinds they may face from stimulus pushing up rate. Indeed, a leading global green utility has become a top ten holding. 

We continue to feel that traditional fixed income is not particularly attractive. However, we were able to identify some more event-driven credit investments that we believe could have equity like returns. One example is a “busted” telecommunications company convertible bond (a “busted” convertible has a strike price well above the current share price, such that the buyer of the convertible pays very little for the embedded equity option). The instrument is well covered by balance sheet cash, and the optionality could have more value than market participants currently believe. 

The capital flows described above have led our equities to have a more defensive profile, counteracting somewhat the higher overall exposure in risk terms. 

Relative to traditional fixed income, we feel that defensive equities offer better income, total return and resilience to rising rates. However, this is not to say that rising rates couldn’t be a headwind here as well. This risk is balanced by our cyclical and deep value investments, which include financial services, materials and industrial businesses that should benefit from rising interest rates and inflation. 

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.

 

KIIDs
(Key Investor Information Documents)

A GBP A EUR A USD A SGD
B EUR B USD B SGD B B-Hedge EUR
xx GBP xx EUR xx Hedge EUR xx Hedge EUR Seed xx Seed GBP
xx Seed EUR

 

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.

 

Return history(%)

Data as at 31 December 2020
  • Fund

Monthly returns (%)

Data as at 31 December 2020
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual Since inception
Fund 2018 1.50 0.33 1.49 0.93 -0.36 -1.58 0.76 -3.29 -0.32
Fund 2019 2.63 1.00 2.18 3.26 0.83 3.30 4.75 -0.79 0.23 -3.37 1.18 -0.72 15.17
Fund 2020 -0.03 -3.08 -6.29 6.86 2.20 1.18 -2.64 0.62 1.08 -3.39 5.53 -0.74 0.53

Source and notes

JOHCM. NAV of Share Class A in GBP, net income reinvested, net of fees. The A GBP Class was launched on 30 April 2018. 

The Fund’s objective is to offer monthly income generation consistent with long-term capital growth. In order to make monthly distributions, all or part of fees and expenses may be charged to the capital of the Fund. By charging the fees and/or expenses to capital, capital may be eroded and income will be achieved by foregoing the potential for future capital growth. The annual management charge is charged to the capital of the Fund.

Disclaimer

Past performance is no guarantee of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation.
 

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.

 

Fund statistics

Data as at 31 December 2020
Fund size GBP 106.53m
Number of holdings 144

Top 10 holdings

Data as at 31 December 2020
Equities
NESTLE 1.54%
VERIZON COMMUNICATIONS 1.47%
ENEL 1.34%
MICROSOFT CORP 1.24%
SANOFI 1.22%
UNILEVER PLC (GB) 1.21%
VISA A 1.20%
ORACLE CORP 1.17%
SEKISUI HOUSE 1.15%
DANONE 1.14%
Fixed Income
USA Government 0.375% 31MAR22 2.18%
CCO Holdings LLC 4.0% 1 MAR 23 1.93%
Intesa Sanpaolo 5.017% 26JUN24 1.46%
AT&T Inc Depo 4.75 % Perp Pfd 1.29%
OI European 4.0% 15 MAR 23 1.24%
Marriott Int'l 5.75% 01 MAY 25 1.21%
JPM Depo Fix/Fltg Perp Pfd 1.08%
Enel SpA 8.75% 24 SEP 73 1.00%
Netflix Inc. 5.5% 15 FEB 22 0.98%
Videotron Ltee 5.125% 15APR27 0.95%

Sector breakdown

Data as at 31 December 2020
Equities
Information Technology 9.61%
Consumer Staples 9.37%
Utilities 7.94%
Financials 6.10%
Health Care 5.88%
Materials 4.71%
Energy 4.21%
Communication Services 4.03%
Industrials 3.70%
Real Estate 3.56%
Consumer Discretionary 2.99%
Fixed income
Communication Services 10.36%
Financials 6.14%
Sovereign 3.33%
Consumer Staples 2.22%
Utilities 2.11%
Materials 1.87%
Consumer Discretionary 1.76%
Real Estate 1.36%
Industrials 0.57%
Energy 0.51%
Information Technology 0.42%
Health Care 0.14%

Regional / Country breakdown

Data as at 31 December 2020
Equities
Equities Portfolio
ss United States 41.38%
ss United Kingdom 13.10%
ss France 9.15%
ss Switzerland 8.75%
ss Italy 5.55%
ss Spain 5.17%
ss Germany 4.21%
ss Hong Kong 3.21%
ss Netherlands 2.64%
ss Japan 1.86%
ss South Korea 1.75%
ss Ireland 1.29%
ss Taiwan 1.24%
ss Singapore 0.70%
Fixed income
Fixed income Portfolio
United States 74.36%
Italy 8.79%
France 5.64%
Netherlands 4.04%
Canada 3.11%
Bermuda 2.06%
United Kingdom 1.54%
Germany 0.46%

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.

 

Fund

As at noon Share class Currency Domicile Sedol number NAV per share Change
JOHCM Asia ex Japan Fund 22/01/2021 A EUR Ireland B431KK7 2.780 -0.011
A GBP Ireland B3RQ272 2.938 0.007
A USD Ireland B435PM6 2.509 -0.006
B GBP Ireland B3ZQS76 2.893 0.007
B USD Ireland BF7NZT0 2.550 -0.004
B EUR Ireland B5L49R5 2.818 -0.012
Z GBP Ireland B44PG77 2.080 0.005
Z USD Ireland BVG7681 1.671 -0.005
JOHCM Asia ex Japan Small and Mid Cap Fund 22/01/2021 A GBP Ireland B6R5LS4 2.898 0.039
A USD Ireland B6R5QW3 2.629 0.024
A EUR Ireland B6R5VD9 2.467 0.018
B GBP Ireland B6R63P8 2.847 0.044
B USD Ireland B6R5YM9 2.524 0.027
B EUR Ireland B6R5HM0 2.806 0.025
Z GBP Ireland B4X3T62 2.192 0.034
JOHCM Continental European Fund 22/01/2021 A GBP Ireland 3300912 4.980 -0.037
A USD Ireland BJ4G0G2 1.507 -0.021
A EUR Ireland 3300923 3.899 -0.055
A Hedged GBP Ireland BSJCJ49 1.317 -0.019
B GBP Ireland 3100543 4.811 -0.035
B USD Ireland BJ4G0H3 1.542 -0.020
B EUR Ireland 3300901 3.934 -0.054
Y GBP Ireland B993PD0 1.834 -0.013
Y EUR Ireland B98YKX9 1.502 -0.021
Y Hedged GBP Ireland BSJCJ50 1.376 -0.019
JOHCM European Concentrated Value Fund 22/01/2021 A EUR Ireland BW0DJY9 1.037 -0.014
B EUR Ireland BW0DJZ0 1.033 -0.013
Z AUD Ireland BYNJFM8 1.177 -0.004
Z EUR Ireland BYNJFN9 0.953 -0.012
JOHCM European Select Values Fund 22/01/2021 A GBP Ireland 3290422 5.750 -0.048
A EUR Ireland 3290433 3.589 -0.054
B GBP Ireland 3290400 5.275 -0.044
B EUR Ireland 3290411 2.406 -0.036
Non-Distributing EUR Ireland BSFWK51 1.336 -0.018
X EUR Ireland B4K14L9 1.724 -0.025
JOHCM Global Emerging Markets Opportunities Fund 22/01/2021 A GBP Ireland B4002N4 1.571 -0.006
A USD Ireland B4M6CN0 1.384 -0.012
A EUR Ireland B3ZBLW7 1.659 -0.016
B GBP Ireland B41RZ57 1.514 -0.006
B USD Ireland B4XXMP2 1.812 -0.015
B EUR Ireland B4TRCR0 1.642 -0.016
Y GBP Ireland BYSGJY4 1.893 -0.007
Y USD Ireland BYSGJZ5 1.684 -0.014
Z GBP Ireland B6R54W9 1.973 -0.007
Z CAD Ireland BBPK0L2 1.842 -0.003
Z AUD Ireland B5W6ZB6 2.049 -0.001
JOHCM Global Income Builder Fund 22/01/2021 GBP Ireland BFZWPH7 1.068 0.000
A SGD Ireland BFZWPG6 1.019 -0.002
A GBP Ireland BFZWPC2 1.021 0.000
A USD Ireland BFZWPF5 1.040 -0.005
A EUR Ireland BFZWPD3 1.011 -0.007
B EUR Ireland BFZWPJ9 0.982 -0.008
EUR EUR Ireland BKF2GH9 0.898 -0.006
GBI GBP Ireland BHR0DJ1 1.033 -0.001
JOHCM Global Opportunities Fund (offshore) 22/01/2021 A USD Ireland B89JY23 2.110 -0.015
A EUR Ireland B7MR557 2.198 -0.020
A GBP Ireland B89PQM5 2.068 -0.005
B GBP Ireland BF7NZS9 2.282 -0.005
B USD Ireland B8295C7 2.013 -0.013
B EUR Ireland B80FZF0 2.028 -0.018
IHX EUR Ireland BFZWWX2 1.021 -0.007
X GBP Ireland BQVC9L0 1.765 -0.004
X EUR Ireland BMCZLF8 1.074 -0.009
X EUR Ireland BJ5JW42 1.002 -0.009
X GBP Ireland BK8M212 1.007 -0.003
X Hedged GBP Ireland BF29TX5 1.086 -0.007
Z GBP Ireland B83MS15 0.820 -0.002
Z GBP Ireland BD6R4D6 1.561 -0.004
Z EUR Ireland BDZD4M4 0.985 -0.009
JOHCM Global Opportunities Fund (onshore) 22/01/2021 A Accumulating GBP UK BJ5JMC0 1.060 -0.003
A Distributing GBP UK BJ5JMD1 1.019 -0.003
AHA GBP UK BKDV8G1 1.086 -0.008
X Accumulating GBP UK BJ5JMF3 1.031 -0.002
X Distributing GBP UK BJ5JMG4 1.016 -0.003
JOHCM Global Select Fund 22/01/2021 A GBP Ireland B3DBRN2 4.465 0.016
A USD Ireland B3T31Z2 2.516 -0.001
A EUR Ireland B3DBRP4 4.034 -0.011
B GBP Ireland B3DBRL0 4.311 0.015
B USD Ireland B5L7L67 2.874 -0.003
B EUR Ireland B3DBRM1 3.910 -0.011
Z GBP Ireland B3DCMB8 3.211 0.012
Z USD Ireland B4V7J00 2.830 -0.002
JOHCM Japan Fund 22/01/2021 A GBP Ireland B00X0H5 2.434 -0.003
A EUR Ireland 3438880 1.728 -0.014
A Hedged GBP Ireland B5LD7P6 1.654 -0.007
A JPY JPY Ireland 3438891 332.572 -1.504
B GBP Ireland 3438846 2.379 -0.004
B EUR Ireland 3438857 1.678 -0.013
B Hedged GBP Ireland B6386R1 1.687 -0.007
B JPY JPY Ireland 3438868 329.172 -1.492
JOHCM UK Dynamic Fund 22/01/2021 A Accumulating GBP UK B4T7HR5 2.365 -0.023
A Distributing GBP UK B4T8552 1.653 -0.016
B Accumulating GBP UK B4T7JX5 2.631 -0.025
B Distributing GBP UK B4TXJ33 1.506 -0.015
X Accumulating GBP UK BJ7HNB8 0.921 -0.009
X Distributing GBP UK BJ5JMB9 0.861 -0.008
Y GBP Ireland BDGKPZ4 0.862 -0.008
Y GBP UK BDZRJ21 1.036 -0.010
Y Accumulating GBP UK BDZRJ10 1.364 -0.013
JOHCM UK Equity Income Fund 22/01/2021 A Accumulating GBP UK B03KR50 3.513 -0.045
A Distributing GBP UK B03KP23 1.665 -0.021
B Accumulating GBP UK B03KR83 3.261 -0.042
B Distributing GBP UK B03KR61 1.544 -0.020
X Distributing GBP UK BYV9S21 0.829 -0.011
Y GBP UK B95FCK6 1.123 -0.014
Y Accumulating GBP UK B8FCHK5 1.417 -0.018
JOHCM UK Growth Fund 22/01/2021 A GBP Ireland 3300934 3.679 -0.046
B GBP Ireland 3100554 3.194 -0.041
REU EUR Ireland BLLV8D7 1.915 -0.037
RUD USD Ireland BLLV8C6 2.169 -0.037
X GBP Ireland BLLV893 1.833 -0.023
X USD Ireland BLLV871 2.174 -0.037
X EUR Ireland BLLV8B5 1.858 -0.024
X EUR Ireland BLLV882 1.919 -0.037
JOHCM UK Opportunities Fund 22/01/2021 A Accumulating GBP UK B0LLB64 3.066 -0.013
A Distributing GBP UK B3K76Q9 2.013 -0.009
B Accumulating GBP UK B0LLB75 2.858 -0.012
B Distributing GBP UK B3K76P8 1.903 -0.009
X Accumulating GBP UK BQJZQQ5 1.410 -0.006
X Distributing GBP UK B95MSF4 1.140 -0.005
Y GBP UK B95J5C1 1.355 -0.005
Y Accumulating GBP UK B95HP81 1.714 -0.007
Regnan Global Equity Impact Solutions Fund (offshore) 22/01/2021 GBP Ireland BN2BDR9 1.006 0.003
USD Ireland BN2BDV3 1.010 -0.002
A GBP Ireland BN2BD80 1.006 0.003
A USD Ireland BN2BDC4 1.010 -0.002
A EUR Ireland BN2BD91 1.006 -0.004
B GBP Ireland BN2BDD5 1.006 0.003
B USD Ireland BN2BDH9 1.010 -0.002
B EUR Ireland BN2BDF7 1.006 -0.004
EUR EUR Ireland 1.006 -0.004
HSE EUR Ireland 1.010 -0.001
IHX EUR Ireland BN2BDB3 1.010 -0.001
RHX EUR Ireland BN2BDG8 1.010 -0.001
Z GBP Ireland 1.006 0.003
Regnan Global Equity Impact Solutions Fund (onshore) 22/01/2021 A Accumulating GBP UK BMCZDD0 1.177 0.005
DNA GBP UK BMCZDJ6 1.180 0.006
Y Accumulating GBP UK BMCZDK7 1.178 0.006

Dividend Rates

Funds paying monthly dividends

JOHCM Global Income Builder Fund

Share class 02/20 03/20 04/20 05/20 06/20 07/20 08/20 09/20 10/20 11/20 12/20 01/21
A  GBP 0.4491 0.4176 0.4276 0.4164 0.4095 0.4554 0.4276 0.3871 0.4592 0.4016 0.4363 0.4312
A EUR 0.4680 0.4171 0.4180 0.4202 0.4065 0.4551 0.4180 0.3838 0.4431 0.3928 0.4289 0.4233
A USD   0.4372 0.3853 0.4154 0.3897 0.3833 0.4212 0.4154 0.3885 0.4393 0.3865 0.4335 0.4393
A SGD  0.4418 0.4079 0.4224 0.4070 0.3970 0.4323 0.4224 0.3895 0.4425 0.3899 0.4296 0.4274
B EUR 0.4595 0.4088 0.4083 0.4115 0.3978 0.4351 0.4083 0.3745 0.4319 0.3826 0.4174 0.4115
Seed 0.4677 0.3691 0.4464 0.4342 0.4272 0.4752 0.4464 0.3402 0.3929 0.3484 0.4153 0.3757

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 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20
A distributing GBP 2.7765 1.9368 2.0957 3.6523 2.7970 2.0409 1.5930 1.1154 1.2632
A accumulating GBP 5.2101 3.6835 4.0293 7.1000 5.5449 4.1082 3.2391 2.2958 2.6218
B distributing GBP  2.6034 1.8139 1.9597 3.4124 2.6093 1.9017 1.4790 1.0379 1.1739
B accumulating GBP 4.8980 3.4588 3.7777 6.6508 5.1861 3.8367 3.0210 2.1395 2.4391
Y distributing GBP 1.8670 1.3028 1.4102 2.4582 1.8832 1.3744 1.0730 0.7534 0.8514
Y accumulating GBP 2.0960 1.4823 1.6220 2.8588 2.2334 1.6547 1.3051 0.9242 1.0570

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 annual dividends

All funds have a XD date of 31 December 2019 and pay date of 28 February 2020.


JOHCM Asia ex Japan Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2020 pence per share 1.8021
A EUR 28 Feb 2020 cents per share 1.7923
A USD 28 Feb 2020 cents per share 1.4855
B GBP 28 Feb 2020 pence per share 0.6266
B EUR 28 Feb 2020 cents per share 0.0638
B USD 28 Feb 2020 cents per share 1.6124

JOHCM Asia ex Japan Small and Mid Cap Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2020 pence per share 3.1300
A EUR 28 Feb 2020 cents per share 2.8099
A USD 28 Feb 2020 cents per share 2.7475
B GBP 28 Feb 2020 pence per share 1.8821
B EUR 28 Feb 2020 cents per share 1.9280
B USD 28 Feb 2020 cents per share 1.6124

JOHCM Concentrated Global Share Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2020 pence per share 0.09794

JOHCM Continental European Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2020 pence per share 2.4706
A EUR 28 Feb 2020 cents per share 7.4192
A - hedge GBP 28 Feb 2020 pence per share 9.0139
B GBP 28 Feb 2020 pence per share 6.5954
B EUR 28 Feb 2020 cents per share 5.6691
B - hedge USD 28 Feb 2020 cents per share 2.1446
Y GBP 28 Feb 2020 pence per share 3.0314
Y - hedge GBP 28 Feb 2020 pence per share 2.7274
Y EUR 28 Feb 2020 cents per share 3.0314

JOHCM European Select Values Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2020 pence per share 5.9865
A EUR 28 Feb 2020 cents per share 3.9287
B GBP 28 Feb 2020 pence per share 2.9895
B EUR 28 Feb 2020 cents per share 1.4341

JOHCM European Concentrated Value Fund

Share class Currency Pay date Dividend paid in Dividend rate
A EUR 28 Feb 2020 cents per share 1.6278
B USD 28 Feb 2020 cents per share 1.1828
B EUR 28 Feb 2020 cents per share 1.0740

JOHCM Global Emerging Markets Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2020 pence per share 3.3106
A EUR 28 Feb 2020 cents per share 3.6734
A USD 28 Feb 2020 cents per share 2.8168
B GBP 28 Feb 2020 pence per share 2.4157
B EUR 28 Feb 2020 cents per share 2.7523
B USD 28 Feb 2020 cents per share 2.7885
Y GBP 28 Feb 2020 pence per share 4.2322
Y USD 28 Feb 2020 cents per share 3.6147

JOHCM Global Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2020 pence per share 5.0670
A EUR 28 Feb 2020 cents per share 5.6662
A USD 28 Feb 2020 cents per share 4.9928
B GBP 28 Feb 2020 pence per share 5.6608
B EUR 28 Feb 2020 cents per share 5.2893
B USD 28 Feb 2020 cents per share 4.8215

JOHCM Global Select Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2020 pence per share 2.8206
A EUR 28 Feb 2020 cents per share 2.6793
A USD 28 Feb 2020 cents per share 1.5358
B GBP 28 Feb 2020 pence per share 0.3902
B EUR 28 Feb 2020 cents per share 0.3720
B USD 28 Feb 2020 cents per share 0.2511

JOHCM Japan Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2020 pence per share 3.1582
A EUR 28 Feb 2020 cents per share 2.3586
A JPY 28 Feb 2020 yen per share 437.0683
A - hedged GBP 28 Feb 2020 pence per share 2.1461
B GBP 28 Feb 2020 pence per share 1.9398
B EUR 28 Feb 2020 cents per share 1.4400
B JPY 28 Feb 2020 yen per share 271.9972
B - hedged GBP 28 Feb 2020 pence per share 1.3891

JOHCM UK Dynamic Fund

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 28 Feb 2020 pence per share 8.3375
A - accumulating GBP 28 Feb 2020 pence per share 1.1143
B - distributing GBP 28 Feb 2020 pence per share 7.6644
B - accumulating GBP 28 Feb 2020 pence per share 1.2491
Y - distributing GBP 28 Feb 2020 pence per share 5.2184
Y - accumulating GBP 28 Feb 2020 pence per share 6.4131
Y GBP 28 Feb 2020 pence per share 4.3172

JOHCM UK Growth Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2020 pence per share 7.3614
B GBP 28 Feb 2020 pence per share 5.0086

JOHCM UK Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 28 Feb 2020 pence per share 6.4553
A - accumulating GBP 28 Feb 2020 pence per share 9.3148
B - distributing GBP 28 Feb 2020 pence per share 6.1496
B - accumulating GBP 28 Feb 2020 pence per share 8.7487
Y - accumulating GBP 28 Feb 2020 pence per share 1.6547
Y - distributing GBP 28 Feb 2020 pence per share 4.3346

 

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

  • 02 Nov 2020

    Global Income and Value Dispatch

    The rise of tangible capital?

    Read More
  • 02 Nov 2020

    Global Income and Value Dispatch

    The rise of tangible capital?

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  • 05 Oct 2020

    Global Value and Income Dispatch

    Multiple acts – what’s next for the credit markets?

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  • 28 Jul 2020

    Global Income and Value Dispatch

    Q2 review: the global income challenge 

    Read More
  • 28 Jul 2020

    Global Income and Value Dispatch

    Q2 review: the global income challenge 

    Read More
  • 28 Jul 2020

    Global Income and Value Dispatch

    Q2 review: the global income challenge 

    Read More
  • 07 Apr 2020

    Global Value and Income Dispatch

    Q1 review: In the midst of chaos, there is also opportunity.

    Read More
  • 26 Mar 2020

    Global Value and Income Dispatch

    Stranger things - what's happening in the investment grade corporate debt market?

    Read More
  • 15 Mar 2020

    Global Income and Value Dispatch

    Why worried investors shouldn’t be like Alice in Wonderland

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  • 05 Mar 2020

    Global Value and Income Dispatch

    Falling knives, iron gloves and The Shawshank Redemption: thoughts on the coronavirus from the JOHCM Multi-Asset Value team. 

    Read More
  • 05 Mar 2020

    Global Value and Income Dispatch

    Falling knives, iron gloves and The Shawshank Redemption: thoughts on the coronavirus from the JOHCM Multi-Asset Value team. 

    Read More
  • 05 Mar 2020

    Global Value and Income Dispatch

    Falling knives, iron gloves and The Shawshank Redemption: thoughts on the coronavirus from the JOHCM Multi-Asset Value team. 

    Read More
  • 13 Feb 2020

    Global Value and Income Dispatch

    The JOHCM Global Income Builder team review the final quarter of 2019 and provide their thoughts for the year ahead.

    Read More
  • 13 Feb 2020

    Global Value and Income Dispatch

    The JOHCM Global Income Builder team review the final quarter of 2019 and provide their thoughts for the year ahead.

    Read More
  • 13 Feb 2020

    Global Value and Income Dispatch

    The JOHCM Global Income Builder team review the final quarter of 2019 and provide their thoughts for the year ahead.

    Read More
  • 11 Dec 2019

    Global Value & Income Dispatch

    Don't pay too much attention to the default rate. It's rating migration that matters. 

    Read More
  • 14 Nov 2019

    Global Value and Income Dispatch

    Bifurcation and what the averages dont tell you... 

    Read More
  • 17 Sep 2019

    Global Value & Income Dispatch

    The “smoke and mirrors” of financial analysis: adjusted EBITDA. Lale Topcuoglu explains the common pitfalls of using it. 

    Read More
  • 31 Jul 2019

    Global Value and Income Dispatch

    Quality traps, liquidity voids and central bank puts. 

    Read More
  • 26 May 2019

    Reflections on our first year

    The JOHCM Global Income Builder Fund, which recently celebrated its first anniversary, aims to provide an attractive and persistent stream of income along with capital growth while investing with a margin of safety.

    Read More
  • 13 May 2019

    Global Value and Income Dispatch

    What do Swiss cheese and high yield covenants have in common? A lot of holes!

    Read More
  • 14 Apr 2019

    Global Value and Income Dispatch

    What if the Fed has inflation completely wrong? 

    Read More
  • 24 Jan 2019

    Global Value and Income Dispatch

    Beware of the liquidity illusion in the quest for higher yields.

    Read More

Webcasts & Videos

  • Coronavirus: life after lockdown – what’s next for the global economy?

    02 Jun 2020 | 64 mins

  • JOHCM Global Income Builder Fund Q1 2020

    15 Apr 2020 | 36 mins

  • Coronavirus - understanding the disruption, navigating the market correction

    02 Mar 2020 | 44 mins

  • Introduction to the JOHCM Global Income Builder Fund

    07 Aug 2018 | 6 mins

  • Giorgio Caputo

    Senior Fund Manager & Head of Multi-Asset Value

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  • Robert Hordon

    Senior Fund Manager

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  • Adam Gittes

    Senior Fund Manager & Head of Credit

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  • Rémy Gicquel

    Analyst

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  • Hugues Le Bras

    Analyst

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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.

 

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