JOHCM Global Opportunities Fund (onshore)

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Fund Description

The JOHCM Global Opportunities Fund is a high conviction, benchmark-unconstrained stock picking fund that invests in both developed and emerging markets. Fund managers Ben Leyland and Robert Lancastle bring to bear the same successful investment philosophy and process that established the JOHCM UK Opportunities Fund as a leading UK equities fund, focusing on companies that are capable of producing compounding growth over the long term.

This fund is not available to new investors from the European Union after 31 December 2020.

  • Ben and Robert aim to identify long-term trends and themes and then find undervalued, high quality companies which benefit from these trends and themes
  • The market persistently underestimates the value created by well-managed companies in growth areas reinvesting wisely
  • Returns-based absolute valuation approach avoids momentum and relative valuation pitfalls
  • Strict “sell to zero” discipline: the main risk is holding “bad” shares not missing out on “good” ones
Reasons To Invest
  • Long-term investment horizon
  • Proven success of investment philosophy and process in the form of the JOHCM UK Opportunities Fund, on which Ben Leyland served as a fund manager
  • Portfolio construction unconstrained by artificial index constraints
  • Capacity constrained to preserve long-term performance
  • Ben Leyland

    Senior Fund Manager

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  • Robert Lancastle

    Senior Fund Manager

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  • Jasmeet Munday

    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. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Other Global Equity Funds

JOHCM Global Opportunities Fund (offshore)

The JOHCM Global Opportunities Fund is a high conviction, benchmark-unconstrained stock picking fund that invests in both developed and emerging markets. Fund managers Ben Leyland and Robert Lancastle bring to bear the same successful investment philosophy and process that established the JOHCM UK Opportunities Fund as a leading UK equities fun

Read More
JOHCM Global Select Fund

Fund managers Christopher Lees and Nudgem Richyal believe stock markets are inefficient and aim to exploit market anomalies via an investment process that combines both top-down and bottom-up research. Their distinct “4-Dimensional” investment process (stocks, sectors, countries, time/change) focuses on the behaviour of each shar...

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JOHCM Global Select Shariah Fund

The Fund is managed in accordance with Shariah principles and invests in a concentrated portfolio of Shariah compliant global equity securities. Fund managers Nudgem Richyal and Christopher Lees believe stock markets are inefficient and aim to exploit market anomalies via an investment process that combines both top-down and bottom-up resear...

Read More
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Investment Objective

The investment policy of the Fund is to invest in a portfolio of global equity securities listed on any
Recognised Market. The selection of equity securities will primarily be driven by a cashflow analysis from the perspective of a long-term business owner. At no time will less than 80% of the Fund’s total net assets be invested in such securities. The benchmark of the Fund, for performance fee calculation purposes, will be the Index but the Fund will be managed on an ‘unconstrained basis’ with no restrictions in terms of regional or sector allocation versus this benchmark.

Fund details

Data as at 30 June 2024
Fund size GBP 53.84m
Strategy size GBP 4.84bn (as at 31 December 2023)
Benchmark MSCI AC World NR 12pm adjusted
Domicile UK
Denomination GBP
Share classes

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Unit type Distribution & Accumulation
Minimum investment
A Accumulating GBP GBP 1,000
A Distributing GBP GBP 1,000
A Accumulating Hedge 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 RBC Investor Services Ireland Limited
Depositary Northern Trust Global Services SE

This is a marketing communication.

Information on the rights of investors can be found here.

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

Strategy Highlights

As at 30 June 2024

After a few slightly more volatile months, June returned to a familiar pattern: falling volatility and rising equity markets with extremely narrow leadership. The Bloomberg ‘Mag-7’ index was up another 10%, accounting for 87% of the total Index return during the month, and they are now more than 20% of the MSCI AC World Index, having been less than 17% at the start of the year. A total of twelve mega-cap stocks (a ‘Terrific Twelve’? a ‘Dominant Dozen’?) – including the other three major semiconductor names (Broadcom, TSMC and ASML) and two GLP-1 names in the pharma sector (Eli Lilly and Novo Nordisk) – are now nearly 25% of the index and accounted for the entire total return during June and the second quarter. Six companies now have a market cap above $1tn, of which three are more than $3tn. Less than six years ago, Apple was making headlines for breaking above $1tn. 

With little exposure to this group of stocks, the fund was broadly flat during the month. Our insurers and exchanges rose, whereas a number of our healthcare and staples names fell, as did some of our resource names and European industrials – the latter in part a reaction to increased political uncertainty highlighted by the calling of a snap parliamentary election in France. We have reduced our holding in Thales in response. 

When leadership is this narrow, it is easy to assume that there is only one way to deliver returns, and that requires you to get a handful of big thematic and macro calls right. We disagree - many interesting things are going on beyond AI, GLP-1s, inflation and interest rates. Since Covid, there has been an unusual lack of coordination between cycles, creating some real disconnects between valuations and fundamentals. Currently, there are a multitude of sectors worth monitoring closely, including traditionally stable areas such as staples (eg spirits) and healthcare (eg life sciences), as well as more classically cyclical areas like industrial automation and automotive semiconductors. By triangulating compounding potential, valuation and execution, our process allows us to recognise when these disconnects represent genuine opportunities and when they can drive strong medium-term returns. 

We added three new names to the portfolio during the month: the Australian insurer QBE, the Japanese electronics company Murata, and the database software company Oracle, which we have continued to monitor closely since selling it two years ago and which is now seeing a strong acceleration in earnings growth which make us more comfortable about its valuation and its balance sheet. Given that we now have a maximum of forty stocks, these were partially funded by selling Svenska Handelsbanken and FIS Global.

This is a marketing communication.

Information on the rights of investors can be found here.

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

This is a marketing communication.

Information on the rights of investors can be found here.

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

Percentage growth of the fund versus benchmark

Data as at 30 June 2024

A GBP share class, since launch (3 May 2019)

Return history (%)

Data as at 30 June 2024

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 annual management charge is deducted from the capital of the Fund. This will increase the income from the Fund but may constrain or erode potential for capital growth. 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.


Jun 19 - Jun 20 Jun 20 - Jun 21 Jun 21 - Jun 22 Jun 22 - Jun 23 Jun 23 - Jun 24
Fund 0.10% 12.76% 8.72% 3.10% 10.25%

Monthly returns (%)

Data as at 30 June 2024
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual Since inception
Fund 2019 0.10 2.50 4.48 -1.59 0.95 -2.44 0.77 -0.86 3.80
Benchmark 2019 -1.57 4.60 5.66 -3.05 0.75 -1.97 3.01 0.64 7.99
Fund 2020 0.87 -4.30 -7.68 5.51 4.30 0.88 -3.60 0.81 -0.10 -3.91 10.23 -0.28 1.45
Benchmark 2020 0.76 -6.80 -9.86 9.77 4.79 2.82 -0.78 4.74 -0.19 -2.05 8.80 1.64 12.50
Fund 2021 -1.80 0.87 5.66 3.45 0.26 1.31 -0.09 1.56 -1.19 0.78 -0.77 3.88 14.53
Benchmark 2021 0.64 -0.33 3.29 4.18 -1.11 3.83 0.32 3.66 -1.28 1.83 2.28 1.59 20.38
Fund 2022 -0.25 1.00 5.60 2.49 0.23 -4.48 3.73 1.61 -4.22 1.73 0.46 0.69 8.46
Benchmark 2022 -5.93 -1.26 5.66 -2.75 -1.88 -4.82 4.94 2.42 -4.80 1.33 1.24 -2.09 -8.40
Fund 2023 2.22 -3.66 0.62 -1.93 2.12 2.00 -0.38 0.68 -3.24 3.58 3.46 5.28
Benchmark 2023 3.15 0.32 -0.43 0.90 1.06 1.93 2.68 -1.04 -0.72 -2.86 5.13 4.47 15.26
Fund 2024 0.44 1.08 2.65 -0.70 0.42 3.92 43.10
Benchmark 2024 1.84 3.23 3.77 -1.47 0.77 3.66 12.28 73.37

Net yield

Net Yield %
Share class A - accumulating 1.89
Share class A - distributing 1.86

Source and notes

Source: JOHCM/Bloomberg/MSCI Barra.

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

Disclaimer

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

This is a marketing communication.

Information on the rights of investors can be found here.

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

Fund statistics

Data as at 30 June 2024
Fund size GBP 53.84m
Number of holdings 40

Top 10 holdings and active weights

Data as at 30 June 2024
Top 10 holdings
Unitedhealth Group 3.86%
Sempra Energy 3.70%
INTACT FINANCIAL 3.67%
Deutsche Boerse 3.65%
Compass 3.65%
Philip Morris International 3.48%
Shell 3.48%
Atmos Energy 3.10%
GXO LOGISTICS 3.05%
Komatsu 3.02%
Top 10 active weights
INTACT FINANCIAL +3.63%
Sempra Energy +3.63%
Deutsche Boerse +3.59%
Compass +3.58%
Philip Morris International +3.27%
Unitedhealth Group +3.23%
Shell +3.17%
Atmos Energy +3.08%
GXO LOGISTICS +3.05%
Komatsu +2.98%

Sector breakdown

Data as at 30 June 2024
Portfolio Benchmark Relative
Health Care 18.55% 10.89% 7.66%
Financials 14.38% 15.62% -1.24%
Industrials 12.12% 10.30% 1.83%
Information Technology 11.84% 25.86% -14.02%
Utilities 11.00% 2.49% 8.51%
Consumer Staples 10.51% 6.20% 4.31%
Consumer Discretionary 5.63% 10.39% -4.75%
Energy 5.42% 4.37% 1.06%
Materials 4.52% 3.98% 0.53%
Communication Services 1.67% 7.91% -6.24%
Real Estate 0.00% 1.99% -1.99%
Cash 4.35% 0.00% 4.35%

Market cap breakdown

Data as at 30 June 2024
Portfolio Benchmark Relative
Large Cap 88.45% 95.45% -7.00%
Medium Cap 7.20% 4.55% 2.65%
Small Cap 0.00% 0.00% 0.00%
Cash 4.35% 0.00% 4.35%

This is a marketing communication.

Information on the rights of investors can be found here.

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

Fund Group

Fund

As at noon Share class Currency Domicile ISIN number NAV per share Change   KIID
Global Equities JOHCM Global Opportunities Fund (onshore) 17/07/2024 A Accumulating GBP UK GB00BJ5JMC04 1.437 0.005
Global Equities JOHCM Global Opportunities Fund (onshore) 17/07/2024 A Accumulating GBP Hedge GBP UK GB00BKDV8G18 1.313 0.01
Global Equities JOHCM Global Opportunities Fund (onshore) 17/07/2024 A Distributing GBP UK GB00BJ5JMD11 1.298 0.003
Global Equities JOHCM Global Opportunities Fund (onshore) 17/07/2024 S Accumulating GBP UK GB00BPCTNB18 1.002 0.0032
Global Equities JOHCM Global Opportunities Fund (onshore) 17/07/2024 S Distributing GBP UK GB00BPCTNC25 1.002 0.0032
Global Equities JOHCM Global Opportunities Fund (onshore) 17/07/2024 X Accumulating GBP UK GB00BJ5JMF35 1.407 0.004
Global Equities JOHCM Global Opportunities Fund (onshore) X Accumulating GBP Hedge UK GB00BNG8BZ06
Global Equities JOHCM Global Opportunities Fund (onshore) 17/07/2024 X Distributing GBP UK GB00BJ5JMG42 1.307 0.003

Dividend Rates

Funds paying quarterly dividends

JOHCM UK Equity Income Fund

Share class Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24
A distributing GBP 3.445 3.141 1.831 2.105 3.272 3.429 1.561 1.710
A accumulating GBP 7.654 7.115 4.227 4.910 7.720 8.243 3.821 4.223
B distributing GBP  3.175 2.890 1.682 1.932 3.000 3.140 1.480 1.561
B accumulating GBP 7.060 6.553 3.888 4.510 7.085 7.553 3.498 3.860
Y distributing GBP 2.327 2.121 1.238 1.424 2.213 2.320 1.056 1.158
Y accumulating GBP 3.092 2.876 1.709 1.932 3.123 3.336 1.547 1.710
X distributing GBP 1.721 1.570 0.915 1.053 1.638 1.717 0.782 0.857
M distributing GBP 0.000 0.000 0.000 0.000 0.000 0.000 0.785 1.005
M accumulating GBP 0.000 0.000 0.000 0.000 0.000 0.000 0.785 1.012

Dividends are quoted and paid in pence per share

Distribution of income occur on or before: 31 May, 31 August, 30 November and 28 February

The quarterly table above shows the last two years net dividends (on an accounting 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

Distribution of income occur on or before: 31 August and 28 February

JOHCM UK Dynamic Fund (Onshore)

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 28 Feb 2024 pence per share 3.388444
A - accumulating GBP 28 Feb 2024 pence per share  5.345332
B - distributing GBP 28 Feb 2024 pence per share  3.046355
B - accumulating GBP 28 Feb 2024 pence per share 5.864666
Y - distributing GBP 28 Feb 2024 pence per share 2.13129
Y - accumulating GBP 28 Feb 2024 pence per share 3.090886
X - distributing GBP 28 Feb 2024 pence per share 1.774937
X - accummulating GBP 28 Feb 2024 pence per share 2.093736
M - distributing GBP 28 Feb 2024 pence per share 1.73384
M - accumulating GBP 28 Feb 2024 pence per share 1.741298
K - distributing GBP 28 Feb 2024 pence per share 1.7720
K - accumulating  GBP 28 Feb 2024 pence per share 1.776166

JOHCM UK Dynamic Fund (Offshore)

Share class Currency Pay date Dividend paid in Dividend rate
Y GBP 28 Feb 2024 pence per share 1.7437
Y EUR 28 Feb 2024 pence per share 1.728
Y USD 28 Feb 2024 pence per chare 2.0475

JOHCM Global Select Shariah Fund 

Share class Currency Pay date Dividend paid in Dividend rate
A USD 28 Feb 2024 pence per share 0.2992

Funds paying annual dividends

Distribution of income occur on or before 28 February

JOHCM Asia ex Japan Fund

Share class Currency Pay date Dividend paid in Dividend rate
Sterling A Shares GBP 28 Feb 2024 pence per share 3.0011
US Dollar A Shares USD 28 Feb 2024 cents per share 2.3900
Euro A Shares EUR 28 Feb 2024 cents per share 2.9114
Sterling B Shares GBP 28 Feb 2024 pence per share 1.5626
US Dollar B Shares USD 28 Feb 2024 cents per share 1.2851
Euro B Shares EUR 28 Feb 2024 cents per share 1.5605
Sterling Z Shares GBP 28 Feb 2024 cents per share 3.6312
US Dollar Z Shares USD 28 Feb 2024 cents per share 2.7222

JOHCM Asia ex Japan Small and Mid Cap Fund

Share class Currency Pay date Dividend paid in Dividend rate
Sterling A Shares GBP 28 Feb 2024 pence per share 0.0000
US Dollar A Shares USD 28 Feb 2024 cents per share 0.0000
Euro A Shares USD 28 Feb 2024 cents per share 0.0000
Sterling B Shares GBP 28 Feb 2024 pence per share 0.0000
US Dollar B Shares EUR 28 Feb 2024 cents per share 0.0000
Euro B Shares USD 28 Feb 2024 cents per share 0.0000
Sterling Z Shares GBP 28 Feb 2024 cents per share 1.56820


JOHCM Continental European Fund

Share class Currency Pay date Dividend paid in Dividend rate
Euro A Shares EUR 28 Feb 2024 pence per share 5.7782
Euro B Shares EUR 28 Feb 2024 cents per share 3.7784
Euro Y Shares EUR 28 Feb 2024 pence per share 2.4506
Sterling A Shares GBP 28 Feb 2024 pence per share 7.1582
Sterling A Shares - Hedge GBP 28 Feb 2024 cents per share 1.3875
Sterling B Shares GBP 28 Feb 2024 cents per share 4.5079
Sterling X Shares GBP 28 Feb 2024 pence per share 1.6701
Sterling Y Shares GBP 28 Feb 2024 pence per share 2.8389
Sterling Y Shares - Hedge GBP 28 Feb 2024 cents per share 1.5828
US Dollar A Shares USD 28 Feb 2024 cents per share 1.8816
US Dollar B Shares - Hedge USD 28 Feb 2024 pence per share 0.9958
US Dollar Y Shares USD 28 Feb 2024 pence per share 1.7692

JOHCM European Select Values Fund

Share class Currency Pay date Dividend paid in  Dividend rate
Sterling A Shares GBP 28 Feb 2024 pence per share 5.5762
Euro A Shares EUR 28 Feb 2024 cents per share 3.5682
Sterling B Shares GBP 28 Feb 2024 pence per share 2.6361
Euro B Shares EUR 28 Feb 2024 cents per share 1.233
Euro X Shares EUR 28 Feb 2024 cents per share 0.5376
Euro Y Shares EUR 28 Feb 2024 cents per share 1.1704


JOHCM Global Emerging Markets Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
Sterling A Shares GBP 28 Feb 2024 pence per share 2.2775
US Dollar A Shares USD 28 Feb 2024 cents per share 1.8887
Euro A Shares EUR 28 Feb 2024 cents per share 2.4749
Sterling B Shares GBP 28 Feb 2024 pence per share 1.4135
US Dollar B Shares USD 28 Feb 2024 cents per share 1.5795
Euro B Shares EUR 28 Feb 2024 cents per share 1.571
Sterling Y Shares GBP 28 Feb 2024 pence per share 2.9977
US Dollar Y Shares USD 28 Feb 2024 cents per share 2.5092
Sterling Z Shares GBP 28 Feb 2024 cents per share 4.4746
Canadian Dollar Z Shares CAD 28 Feb 2024 cents per share 4.0653

JOHCM Global Opportunities Fund (onshore)

Share class Currency Pay date Dividend paid in Dividend rate
A DISTRIBUTING GBP 28 Feb 2024 pence per share 2.411497
A ACCUMULATING GBP 28 Feb 2024 pence per share 2.699908
X DISTRIBUTING GBP 28 Feb 2024 cents per share 2.460528
X ACCUMULATING GBP 28 Feb 2024 cents per share 2.526286
A ACCUMULATING HEDGED GBP 28 Feb 2024 cents per share 2.361961

JOHCM Global Opportunities Fund (offshore)

Share class Currency Pay date Dividend paid in Dividend rate
Sterling A Shares GBP 28 Feb 2024 pence per share 4.1679
US Dollar A Shares USD 28 Feb 2024 cents per share 3.958
Euro A Shares EUR 28 Feb 2024 cents per share 4.5388
Euro A Shares - Hedge EUR 28 Feb 2024 cents per share 1.8065
Sterling B Shares GBP 28 Feb 2024 cents per share 4.0053
US Dollar B Shares USD 28 Feb 2024 cents per share 3.2958
Euro B Shares EUR 28 Feb 2024 cents per share 3.6494
Sterling X Shares GBP 28 Feb 2024 cents per share 3.6351
Euro X Shares EUR 28 Feb 2024 cents per share 2.1128
Sterling X Shares - Hedge GBP 28 Feb 2024 cents per share 1.9782
Sterling Z Shares GBP 28 Feb 2024 cents per share 1.8735
Euro Z Shares EUR 28 Feb 2024 cents per share 2.3066

JOHCM Global Select Fund

Share class Currency Pay date Dividend paid in  Dividend rate
Sterling A Shares GBP 28 Feb 2024 pence per share 2.915
US Dollar A Shares USD 28 Feb 2024 cents per share 1.5321
Euro A Shares EUR 28 Feb 2024 cents per share 2.6999
Sterling B Shares GBP 28 Feb 2024 pence per share 0.0000
US Dollar B Shares USD 28 Feb 2024 cents per share 0.0000
Euro B Shares EUR 28 Feb 2024 cents per share 0.0000
Sterling Z Shares GBP 28 Feb 2024 pence per share 4.2729


JOHCM UK Growth Fund

Share class Currency Pay date Dividend paid in Dividend rate
Sterling A Shares GBP 28 Feb 2024 pence per share 5.1881
Sterling B Shares GBP 28 Feb 2024 pence per share 2.8603
Sterling X Shares GBP 28 Feb 2024 pence per share 2.8694

JOHCM UK Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 28 Feb 2024 pence per share 6.322169
A - accumulating GBP 28 Feb 2024 pence per share 10.185733
B - distributing GBP 28 Feb 2024 pence per share 5.90282
B - accumulating GBP 28 Feb 2024 pence per share 9.378544
Y - accumulating GBP 28 Feb 2024 pence per share 4.26672
Y - distributing GBP 28 Feb 2024 pence per share 5.711236

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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  • A Route Through Recession

    30 Jun 2023 | 30 mins

  • AI: Triumph or Terror?

    07 Jun 2023 | 30 mins

  • Ben Leyland

    Senior Fund Manager

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  • Robert Lancastle

    Senior Fund Manager

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  • Jasmeet Munday

    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. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Other Global Equity Funds

JOHCM Global Opportunities Fund (offshore)

The JOHCM Global Opportunities Fund is a high conviction, benchmark-unconstrained stock picking fund that invests in both developed and emerging markets. Fund managers Ben Leyland and Robert Lancastle bring to bear the same successful investment philosophy and process that established the JOHCM UK Opportunities Fund as a leading UK equities fun

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JOHCM Global Select Fund

Fund managers Christopher Lees and Nudgem Richyal believe stock markets are inefficient and aim to exploit market anomalies via an investment process that combines both top-down and bottom-up research. Their distinct “4-Dimensional” investment process (stocks, sectors, countries, time/change) focuses on the behaviour of each shar...

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JOHCM Global Select Shariah Fund

The Fund is managed in accordance with Shariah principles and invests in a concentrated portfolio of Shariah compliant global equity securities. Fund managers Nudgem Richyal and Christopher Lees believe stock markets are inefficient and aim to exploit market anomalies via an investment process that combines both top-down and bottom-up resear...

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| JOHCM Global Opportunities

The Forgotten Middle

Where Quality, Growth and Value Intersect

Latest Blogs

Conversations with Ben Leyland and Robert Lancastle Senior fund managers, JOHCM Global Opportunities and JOHCM International Opportunities.

The Good Life in Non-Life

Jun 2024

Non-life insurers in medium-sized markets offer a focused opportunity to benefit from improving efficiencies in strong franchises

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Keeping Energy Live

May 2024

There are layers of change happening in the energy sector, making it a fascinating area of opportunity

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The Under-Appreciated Winners

April 2024

As the post-pandemic de-stocking cycle finally plays through, opportunities are emerging in a variety of sectors, including healthcare and logistics

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Momentum vs Fundamentals

March 2024

Recent markets have been driven almost wholly by momentum. How far have fundamentals been left behind in the pricing of equities?

Read the Blog

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To find out more about our Global Opportunities Strategy and how we can help you.

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