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 share price to determine whether the most important driver of each prospective investment is stock specific, sector or country-based. The Fund invests in both developed and emerging markets, with the fund managers frequently drawing upon the stocks ideas generated by our regional equity teams.
Investment Strategy
Christopher and Nudgem have a growth at a reasonable price (GARP) investment philosophy, which is sometimes described as core with a growth bias. They aim for consistency of returns, by exploiting multiple market anomalies/inefficiencies.
Growth and value disciplines are combined to help avoid the volatility that can occur in a single-style strategy, therefore to obtain better risk-adjusted returns over the medium and long term
Mean reversion and trend are proven predictors of risk and return
They look for stocks, sectors and countries that have displayed long term underperformance (3 to 5 years) followed by short term outperformance (6 to 12 months).
They believe that markets are not efficient and correlations/betas change over time. They have a four-dimensional investment process (stocks, sectors, countries, time/change), with factors weighted to what actually drives each share price.
Reasons To Invest
More and more investors realise that “uncorrelated alpha” is more effective to obtain by combining different managers, rather than different asset classes
As a high alpha, benchmark-unconstrained fund, this is a good satellite to a core of index funds
Clients with a home country bias will probably find that the Fund improves their risk/reward metrics
Christopher and Nudgem’s GARP style, all capitalisation portfolio, active sector and country allocations, are useful to clients without the resources to dedicate to growth/value, large cap/small cap, sector/geography decisions
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy may invest in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
The 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.
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
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
The JOHCM Global Select Fund aims to achieve its objective by investing in a portfolio of global equity securities listed on any Recognised Market. Under normal market environments it is the intention to be near-fully invested, and at no time will less than 80% of the Fund’s total net assets be invested in such securities. The benchmark of the Fund is the MSCI ACWI Index but the Fund will be managed on an ‘unconstrained basis’ with no restrictions in terms of regional or sector allocation versus this benchmark.
15% on excess if Fund outperforms benchmark, calculated daily. Any underperformance carried forward. This fee applies to all share classes.
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.
Investors should note that this strategy may invest in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
The 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.
Strategy Highlights
As at 30 April 2020
The Fund outperformed a rising equity market in April due to positive stock selection in the financials, technology and consumer sectors. Our focus remains on structural growth franchises with rock solid balance sheets, while avoiding companies with excessively leveraged balance sheets. For example, in the financials sector owning digital banks and exchanges like SBI Holdings and Nasdaq Exchange, while not owning any traditional banks helped relative performance this month. Other top performers during the month included Aptiv, MediaTek, Newcrest, Paypal, Cree and A2 Milk.
We remain very happy with the portfolio positioning and its holdings. It has performed relatively well this year partly because there has not been a significant change in equity market leadership. The winners pre Covid-19 are still leading, which cautions that the bear market may not yet be over. US equities are still leading the pack, the technology sector continues to dominate, especially large-cap tech, and global financials continue to struggle. We remain eyes wide open for a change in fundamentals and trends, but so far our top down scorecard has not changed much, and our Bayesian probability-adjusted scenario analysis remains:
• 50% Scenario 1 - equity market bounce led by the same growth, quality, momentum stocks (currently happening)
• 10% Scenario 2 - equity market bounce led by cyclical and leveraged balance sheet stocks in the more economically sensitive sectors and regions (not happened yet)
• 40% Scenario 3 - equity markets start falling again, until the LTCM / Lehman type bankruptcies emerge (we hope this does not happen, but hope is not an investment strategy so we have a portfolio plan for this potential outcome)
In other words, we are 60% bullish and 40% bearish for the rest of this year, with a clear portfolio tilt towards resilient stocks with good balance sheets.
Many economies are now approaching peak “stay at home,” with governments around the world talking about slowly reopening their economies in May or June. If successful, this will probably lead to a subtle change in stock market tone and leadership, away from the mega-cap “stay at home” stable growth stocks, towards the mid-cap cyclical stocks. If the economic recovery proves durable, then stock market leadership might move to the most cyclical/distressed parts of the market. However, if the economic reopening proves unsuccessful, then markets still have a long way to fall given current valuations and debt levels.
So, at some point we will get the process signals to move the portfolio either more defensive (global depression), or more aggressive (2021 economic recovery). Getting more defensive would mean buying more stocks in Nassim Taleb’s “Anti Fragile” areas like gold, Swiss franc, Japanese yen, and our favourite “new defensives” like renewable utilities - all these areas did their job for the portfolio during the market panic earlier in the year. For details on getting more aggressive, see our presentation “Thoughts on winning the next decade,” and our two Coronavirus special reports dated 2 March and 16 March – all available on our website. In those presentations/reports we list what we want to invest in for the post-Coronavirus “new normal”, whilst recognising that things could still get worse before they get better.
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy may invest in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
The Funds investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy may invest in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
The 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.
Percentage growth of the fund versus benchmark
Data as at 30 April 2020
A GBP share class, since launch (30 September 2008)
Return history (%)
Data as at 30 April 2020
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.
Mar 15 - Mar 16
Mar 16 - Mar 17
Mar 17 - Mar 18
Mar 18 - Mar 19
Mar 19 - Mar 20
Fund
-11.95%
27.23%
6.89%
10.46%
-2.31%
Monthly returns (%)
Data as at 30 April 2020
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Annual
Since inception
Fund
2008
-9.00
0.33
10.95
1.30
Benchmark
2008
-10.56
-0.24
10.12
-1.74
Fund
2009
-4.94
-8.93
2.85
8.98
-0.61
-3.68
6.70
3.49
4.52
-6.91
0.69
6.78
7.31
Benchmark
2009
-5.61
-9.28
5.36
9.03
0.33
-1.74
7.67
6.26
5.61
-2.56
2.21
4.61
22.06
Fund
2010
-3.96
6.03
7.95
2.31
-5.09
-4.16
1.72
-1.33
10.53
5.94
5.15
5.12
32.89
Benchmark
2010
-4.13
6.20
7.71
-0.30
-4.88
-6.09
3.54
-2.83
6.97
2.79
1.08
7.00
16.85
Fund
2011
-2.43
-0.93
2.30
1.83
-1.17
-0.14
-1.89
-6.13
-8.59
10.72
-3.38
-1.01
-11.40
Benchmark
2011
-1.46
0.90
1.40
0.20
-1.47
1.09
-2.51
-7.99
-3.63
8.27
-5.33
4.03
-7.25
Fund
2012
4.08
4.77
-1.01
-1.82
-5.06
-0.94
6.25
1.71
1.10
-1.23
1.54
-0.36
8.81
Benchmark
2012
4.11
4.27
-0.39
-2.31
-4.45
2.09
3.09
0.46
1.73
-0.43
1.45
0.66
10.38
Fund
2013
8.94
5.36
3.22
-0.69
5.21
-3.40
5.56
-2.28
1.56
4.42
1.47
2.56
36.14
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
-0.98
4.99
-3.97
-2.07
5.83
1.26
0.47
3.56
1.79
-0.88
5.03
-0.85
14.55
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
4.58
4.44
4.30
-3.79
3.63
-8.93
1.88
-6.34
-8.45
6.51
0.94
1.51
-1.40
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
-3.54
5.45
0.14
-1.18
9.48
7.52
0.61
1.90
4.88
-4.58
0.20
21.82
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
4.56
0.38
1.21
-3.78
2.14
-0.30
2.87
2.94
-2.13
4.28
-1.24
3.15
14.59
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
1.69
1.83
-4.30
4.70
5.78
-0.77
0.42
1.03
-1.05
-6.09
1.98
-6.12
-1.71
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
5.21
2.74
3.03
2.68
-0.66
5.29
6.14
-2.32
-1.71
-4.07
3.14
-0.45
20.03
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
1.55
-5.48
-5.57
11.00
0.61
254.82
Benchmark
2020
0.76
-6.80
-9.86
9.77
-7.07
214.61
Source and notes
JOHCM/MSCI/Bloomberg/Lipper.
Data shown net of fees, net income reinvested. Please note that all fund performance is shown against the MSCI AC World NR 12pm adjusted in GBP. 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 1 August 2012 to 19 March 2013 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.
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy may invest in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
The 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.
Fund statistics
Data as at 30 April 2020
Fund size
GBP 1.21bn
Number of holdings
36
Top 10 holdings and active weights
Data as at 30 April 2020
Top 10 holdings
Mediatek
3.18%
Aptiv
3.11%
a2 Milk Company
3.03%
THERMO FISHER SCIENTIFIC
3.01%
PRA Health Sciences
2.95%
Atlassian Corp Plc Class A
2.94%
Microsoft
2.91%
PAYPAL HOLDINGS
2.87%
Accenture
2.83%
Newcrest Mining
2.80%
Top 10 active weights
Mediatek
+3.13%
Aptiv
+3.07%
a2 Milk Company
+3.03%
PRA Health Sciences
+2.95%
Atlassian Corp Plc Class A
+2.94%
Rakuten
+2.77%
Newcrest Mining
+2.77%
SBI Holdings
+2.73%
THERMO FISHER SCIENTIFIC
+2.71%
Cree Inc
+2.69%
Sector breakdown
Data as at 30 April 2020
Portfolio
Benchmark
Relative
Information Technology
30.73%
19.26%
11.46%
Health Care
15.86%
13.36%
2.49%
Financials
15.41%
14.00%
1.41%
Consumer Staples
8.18%
8.45%
-0.27%
Industrials
7.94%
9.42%
-1.48%
Consumer Discretionary
5.91%
11.32%
-5.41%
Materials
5.46%
4.51%
0.95%
Utilities
4.93%
3.38%
1.54%
Communication Services
2.23%
9.37%
-7.14%
Energy
0.00%
3.89%
-3.89%
Real Estate
0.00%
3.03%
-3.03%
Cash
3.36%
0.00%
3.36%
Market cap breakdown
Data as at 30 April 2020
Portfolio
Benchmark
Relative
Large Cap
78.26%
84.48%
-6.22%
Medium Cap
18.38%
14.95%
3.43%
Small Cap
0.00%
0.57%
-0.57%
Cash
3.36%
0.00%
3.36%
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy may invest in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
The 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.
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
Q2 18
Q3 18
Q4 18
Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
A distributing GBP
3.6600
2.7765
1.9368
2.0957
3.6523
2.7970
2.0409
1.5930
A accumulating GBP
6.7535
5.2101
3.6835
4.0293
7.1000
5.5449
4.1082
3.2391
B distributing GBP
3.4380
2.6034
1.8139
1.9597
3.4124
2.6093
1.9017
1.4790
B accumulating GBP
6.3593
4.8980
3.4588
3.7777
6.6508
5.1861
3.8367
3.0210
Y distributing GBP
2.4607
1.8670
1.3028
1.4102
2.4582
1.8832
1.3744
1.0730
Y accumulating GBP
2.7171
2.0960
1.4823
1.6220
2.8588
2.2334
1.6547
1.3051
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
19 Mar 2020
Think like a scientist - but which one and when?
Updated probability-based scenario analysis from the JOHCM Global Select team
Coronavirus: life after lockdown – what’s next for the global economy?
02 Jun 2020 02:00 PM | 90 mins
JOHCM Global Select Fund Q1 2020 update
07 Apr 2020 | 58 mins
Coronavirus - understanding the disruption, navigating the market correction
02 Mar 2020 | 44 mins
Christopher Lees
Senior Fund Manager
Nudgem Richyal
Senior Fund Manager
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy may invest in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
The 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.
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
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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