JOHCM Global Opportunities Fund (offshore) J O Hambro Capital Management (JOHCM)

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.

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
Robert Lancastle

Senior Fund Manager
Jasmeet Munday

Analyst

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 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...

JOHCM Global Opportunities Fund (onshore)

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 ...

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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 31 October 2023

Fund size

GBP 514.73m

Strategy size

GBP 4.3bn (as at 31 May 2023)

Benchmark

MSCI AC World NR 12pm adjusted

Domicile

Ireland

Denomination

GBP, EUR, USD

Share classes

Please click here

Unit type

Distribution

Minimum investment

A	GBP 1,000
B	GBP 1,000

Valuation point

Daily (12pm, UK time)

Dealing frequency

Daily 9-5pm

Fund ratings and awards

Data as at 31 October 2023

For our latest fund ratings and awards, please view our latest factsheet here

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. 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 31 October 2023

Bond yields continued to rise through most of October. The US 10-year Treasury Yield peaked intraday at just over 5% on 23 October. In response, equity markets continued the decline which started at the end of July. Now that fixed income yields have reverted to pre-Global Financial Crisis levels, equities need to offer high single-digit returns and investors are questioning whether they can deliver this.

Over the last three months, the MSCI AC World index has fallen nearly 10% in US dollars. Except for energy, there has been relatively little to choose between the best and worst performing sectors. In a higher yield environment, equity investors face a variety of headwinds and risks, especially multiple compression, debt refinancing and cyclical earnings downgrades. There are very few stocks which face none of these.

In October itself, the MSCI AC World index fell 2.86% in sterling terms. Compared to the previous months, technology and utilities were more resilient, but energy was weaker as the oil price rolled over despite the ongoing conflict in Gaza.

The fund has outperformed over the full three-month market drawdown, but it underperformed in October. The recovery in utilities and ongoing strength in our energy names, Cameco and Shell, was outweighed by weakness across a number of our healthcare and industrial names. Sanofi was notably weak into the month end after announcing that they would be investing more in research and development (R&D). We understand the scepticism about R&D productivity in the pharma sector, but in general, we see it as a positive when companies commit to investing for growth.

We completed the sale of three low-conviction holdings in October: Dentsu, LG H&H and Global Payments. We have increasing competition for capital as volatility creates opportunities in several of our existing holdings and watchlist names.

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 Reporting

Factsheet

Monthly Portfolio Review

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 31 October 2023

A GBP share class, since launch (29 June 2012)

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 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.

	Sep 18 - Sep 19	Sep 19 - Sep 20	Sep 20 - Sep 21	Sep 21 - Sep 22	Sep 22 - Sep 23
Fund	10.67%	-6.68%	16.36%	9.66%	4.90%

Monthly returns (%)

Data as at 31 October 2023

		Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Annual	Since inception
Fund	2012							3.50	1.26	1.15	-0.75	0.19	-0.76	4.60
Benchmark	2012							3.09	0.46	1.73	-0.43	1.45	0.66	7.11
Fund	2013	8.13	4.16	3.57	-0.16	3.69	-2.06	4.37	-2.40	-0.24	4.30	0.31	1.29	27.34
Benchmark	2013	8.14	3.78	1.75	0.52	2.87	-3.57	4.71	-3.66	0.75	4.77	-0.64	0.28	20.82
Fund	2014	-2.85	3.48	0.82	0.37	2.36	-1.87	-0.07	2.43	-0.93	0.72	4.24	1.59	10.51
Benchmark	2014	-3.32	3.05	0.53	0.05	2.93	-0.04	1.05	2.53	-0.50	1.20	4.36	-0.85	11.30
Fund	2015	3.86	1.92	2.03	-0.66	3.12	-4.96	2.50	-3.18	-1.98	6.54	3.21	1.06	13.65
Benchmark	2015	2.08	2.37	3.02	-1.08	1.09	-5.84	1.49	-5.26	-3.71	8.09	1.56	-0.23	2.80
Fund	2016	-0.84	4.87	2.76	-0.46	0.46	6.29	5.30	1.23	0.12	3.81	-1.17	2.25	27.17
Benchmark	2016	-4.77	4.36	3.24	0.24	-0.05	6.58	7.21	1.42	0.89	5.49	-1.26	3.26	29.27
Fund	2017	-0.61	3.40	0.11	-1.08	3.97	-1.78	0.05	1.86	-2.72	2.36	0.37	-0.58	5.26
Benchmark	2017	1.27	3.11	1.02	-2.08	2.92	-0.56	1.51	1.79	-1.70	3.52	-0.05	1.75	13.02
Fund	2018	-2.83	-0.49	-1.17	4.07	2.55	1.80	1.98	1.73	1.00	-2.28	1.42	-4.90	2.52
Benchmark	2018	0.57	-1.34	-5.14	4.75	3.25	0.15	2.80	2.31	0.03	-6.18	1.88	-7.18	-4.83
Fund	2019	3.37	2.40	2.44	2.58	-1.06	2.74	4.52	-1.59	0.97	-2.43	0.85	-0.65	14.78
Benchmark	2019	4.91	2.07	2.10	4.54	-2.11	4.60	5.66	-3.05	0.75	-1.97	3.01	0.64	22.76
Fund	2020	0.84	-4.48	-7.98	5.58	4.16	0.84	-3.42	0.86	-0.30	-3.93	10.42	-0.33	0.94
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	-1.88	0.89	5.61	3.45	0.27	1.30	-0.18	1.60	-1.22	0.80	-0.70	3.85	14.38
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	-0.14	0.96	5.56	2.53	0.12	-4.53	4.00	1.68	-4.33	0.53	1.76	0.52	8.50
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	2.29		-3.11	0.58	-2.04	2.17	1.96	-0.32	0.60	-3.19			-1.26	225.97
Benchmark	2023	3.15	0.32	-0.43	0.90	1.06	1.93	2.68	-1.04	-0.72	-2.86			4.94	229.03

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 31 October 2023

Fund size	GBP 514.73m
Number of holdings	37

Top 10 holdings and active weights

Data as at 31 October 2023

Top 10 holdings

Philip Morris International	4.22%
Henry Schein	4.17%
Sempra Energy	4.12%
EXELON CORP	4.03%
GXO LOGISTICS	4.01%
Shell	3.99%
CRH	3.94%
Deutsche Boerse	3.75%
Sanofi	3.30%
Thales	3.13%

Top 10 active weights

Henry Schein	+4.15%
Sempra Energy	+4.04%
GXO LOGISTICS	+4.01%
Philip Morris International	+3.98%
EXELON CORP	+3.97%
CRH	+3.87%
Deutsche Boerse	+3.70%
Shell	+3.63%
Sanofi	+3.12%
Thales	+3.11%

Sector breakdown

Data as at 31 October 2023

	Portfolio	Benchmark	Relative
Health Care	17.43%	11.70%	5.73%
Utilities	15.19%	2.71%	12.48%
Financials	14.27%	15.74%	-1.46%
Industrials	12.36%	10.27%	2.08%
Consumer Staples	10.94%	7.20%	3.74%
Information Technology	6.49%	22.07%	-15.58%
Energy	6.43%	5.15%	1.28%
Materials	5.20%	4.47%	0.73%
Consumer Discretionary	4.53%	11.00%	-6.47%
Communication Services	1.48%	7.49%	-6.00%
Real Estate	0.00%	2.22%	-2.22%
Cash	5.68%	0.00%	5.68%

Market cap breakdown

Data as at 31 October 2023

	Portfolio	Benchmark	Relative
Large Cap	84.79%	92.93%	-8.14%
Medium Cap	9.55%	7.07%	2.48%
Small Cap	0.00%	0.00%	0.00%
Cash	5.67%	0.00%	5.67%

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 (offshore)	29/11/2023	A - Hedged EUR	EUR	Ireland	IE00BFZWWX24	1.083	0.007
Global Equities	JOHCM Global Opportunities Fund (offshore)	29/11/2023	A EUR	EUR	Ireland	IE00B7MR5575	2.755	0.01
Global Equities	JOHCM Global Opportunities Fund (offshore)	29/11/2023	A GBP	GBP	Ireland	IE00B89PQM59	2.52	0.003
Global Equities	JOHCM Global Opportunities Fund (offshore)	29/11/2023	A USD	USD	Ireland	IE00B89JY234	2.383	0.016
Global Equities	JOHCM Global Opportunities Fund (offshore)	29/11/2023	B EUR	EUR	Ireland	IE00B80FZF09	2.49	0.01
Global Equities	JOHCM Global Opportunities Fund (offshore)		B GBP		Ireland	IE00B89JT176
Global Equities	JOHCM Global Opportunities Fund (offshore)	29/11/2023	B USD	USD	Ireland	IE00B8295C79	2.229	0.015
Global Equities	JOHCM Global Opportunities Fund (offshore)	29/11/2023	X - Class EUR	EUR	Ireland	IE00BJ5JW424	1.26	0.005
Global Equities	JOHCM Global Opportunities Fund (offshore)	29/11/2023	X - Class GBP	GBP	Ireland	IE00BQVC9L01	2.159	0.003
Global Equities	JOHCM Global Opportunities Fund (offshore)	29/11/2023	X - Hedged GBP	GBP	Ireland	IE00BF29TX58	1.193	0.008
Global Equities	JOHCM Global Opportunities Fund (offshore)		X EUR Non-Distributing		Ireland	IE00BMCZLF81
Global Equities	JOHCM Global Opportunities Fund (offshore)	29/11/2023	X GBP Non-Distributing	GBP	Ireland	IE00BK8M2125	0.988	0.001
Global Equities	JOHCM Global Opportunities Fund (offshore)	29/11/2023	X NOK Non-Distributing	NOK	Ireland	IE0001EME6I4	12.475	0.033
Global Equities	JOHCM Global Opportunities Fund (offshore)	29/11/2023	Z - Class GBP	GBP	Ireland	IE00B83MS159	1.022	0.002
Global Equities	JOHCM Global Opportunities Fund (offshore)		Z CAD		Ireland	IE00BDZD4N50
Global Equities	JOHCM Global Opportunities Fund (offshore)	29/11/2023	Z EUR	EUR	Ireland	IE00BDZD4M44	1.263	0.005
Global Equities	JOHCM Global Opportunities Fund (offshore)		Z GBP Non-Distributing		Ireland	IE00BD6R4D64

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
A	GBP	28 Feb 2023	pence per share
A	EUR	28 Feb 2023	cents per share
A	USD	28 Feb 2023	cents per share
B	GBP	28 Feb 2023	pence per share
B	EUR	28 Feb 2023	cents per share
B	USD	28 Feb 2023	cents per share
Z	GBP	28 Feb 2023	cents per share

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.

Views & News

09 May 2023
Let's Get Physical

Will real and physical assets, which have been underinvested, be the winners of the future
Read More
02 May 2023
Sell in May

There’s been big rally in tech stocks, would May be a good time to sell?
Read More
29 Mar 2023
New Debt Paradigm

The rising cost of capital is exposing companies over-dependent on ultra-low-cost capital. Careful stock selection might be a better response than running for any available cover
Read More
21 Mar 2023
Return of the Rollercoaster

As the cost of capital has risen, so has volatility. What’s causing it ... and how should investors respond?
Read More
03 May 2022
Is your equity portfolio ready for a turn in the investment cycle?

A number of capital cycles are turning. Investors need to shift their focus towards sectors which have been overlooked.
Read More
13 Mar 2022
Forgotten Middle

JOHCM Global Opportunities Fund - Remembering the "Forgotten Middle"
Read More
28 Jul 2021
Latest reflections

Latest reflections from the JOHCM Global Opportunities team.
Read More
21 Dec 2020
Thoughts on inflation

A question that appears to be on many minds: will inflation return? The JOHCM Global Opportunities team provide their thoughts.
Read More
18 Sep 2019
Leyland's Look

Ben Leyland, manager of the JOHCM Global Opportunities fund, on why investors' "fear of missing out" is so dangerous.
Read More
20 Sep 2018
Leylands Global Look

JOHCM Global Opportunities Fund: Leyland’s Global Look – a time for caution but not capitulation
Read More

Webcasts & Videos

A Route Through Recession

30 Jun 2023 | 30 mins
AI: Triumph or Terror?

07 Jun 2023 | 30 mins
The Asset Allocation Nightmare: UK, Global or Both?

26 May 2023 | 30 mins

Ben Leyland

Senior Fund Manager
Robert Lancastle

Senior Fund Manager
Jasmeet Munday

Analyst

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 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...

JOHCM Global Opportunities Fund (onshore)

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 ...

Back

Summary

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

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

Documents

SFDR Disclosure

| Regnan

Regnan Global Mobility and Logistics Fund

| Asian Equities

Is Sam Altman the Antithesis of Jack Ma?

| Emerging Markets Equities

From Desert Sands to Investment Oasis

| UK Equities

UK Equity Income Bulletin

| UK Equities

UK Equity Income Bulletin

| UK Equities

UK Equity Income Bulletin

| UK Equities

UK Equity Income Bulletin

| UK Equities

UK Equity Income Bulletin

| UK Equities

UK Equity Income Bulletin

| UK Equities

UK Equity Income Bulletin

| UK Equities

UK Equity Income Bulletin

| UK Equities

UK Equity Income Bulletin