JOHCM Global Select Fund

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Fund Description

From inflation to the banking crisis

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. 

 

  • 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
  • Christopher Lees

    Senior Fund Manager

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  • Nudgem Richyal

    Senior Fund Manager

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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 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 ...

Read More
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Investment Objective

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.

Fund details

Data as at 31 July 2023
Fund size GBP 1.21bn
Strategy size GBP 2.66bn (as at 31 May 2023)
Benchmark MSCI AC World NR 12pm adjusted
Domicile Ireland
Denomination GBP, EUR
Share classes

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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 July 2023

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

Fees and charges

Initial charge Up to 5%
Annual mgmt charge (A) 0.75%
Annual mgmt charge (B) 1.50%
Performance fee

A performance fee of 15% is payable on the excess if the NAV outperforms the Index Adjusted NAV (as defined in the Fund Supplement) on an annual basis. The calculation is performed daily. Any underperformance is carried forward.

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 August 2023

In August, global markets faced increased volatility due to concerns over the Chinese property market, weak Chinese economic data, and rising sovereign bond yields. The MSCI All Country World Index declined -1.04% in USD terms. The US maintained a robust economy with a resilient job market, while the Eurozone and China struggled with weak data. In China, economic indicators were disappointing, including negative CPI and ongoing PPI deflation. Retail sales missed expectations, and weak business confidence resulted in a decrease in private investment, particularly in the real estate sector. We worry that the current Chinese slowdown might be more structural than cyclical, so we are reviewing and closely monitoring the few indirect China stocks in the portfolio (eg Australian mining, Japanese Industrials), and we have no direct China stocks in the portfolio.

The fund slightly underperformed the benchmark in August. The best performing holdings were Globant, Novo Nordisk and Regeneron Pharmaceutical. Conversely, our worst performing holdings were Orsted, Keysight and Infineon, and we are reviewing these holdings.
Looking forward, there is statistically a very high probability that the 10 largest US stocks that significantly outperformed the global index during the first half of the year start underperforming and other stocks/sectors/regions start outperforming during the second half of 2023. Our scenario analysis is currently:

Scenario 1 = 5% probability of the top 10 largest US mega-cap stocks outperforming again as they did in the first half of the year. New bull market leadership is not usually the old bull market leaders, but we do recognise that several things are “different this time,” eg AI, and Cold War 2.0.
Scenario 2 = 45% probability of a broadening bull market. Statistically there is now a high probability the largest 10 US stocks start underperforming and other stocks/sectors/regions start outperforming. The first six months of 2023’s 1,100 basis points contribution from the largest 10 US stocks to total index performance was the highest by far of any half-year period. It is around 60% greater than the second & third six-month periods which were the Tech bubbles of 2020 & 1999 (690 & 680 basis points contributions).

Scenario 3 = 50% probability of a sideways zigzag or a new bear market. Historically after similar periods of concentration that we saw in the first half of the year, market returns were modestly below historical averages, and the previous top 10 stocks underperformed by 380 basis points over the following 12 months.

Given that just a handful of technology-related stocks drove the first-half rally, sector performance has been extremely lopsided, and several defensive sectors have now reached statistically significant oversold levels. For example, the Ned Davies defensive SHUT (Staples, Healthcare, Utilities, Telecoms) index is almost 3.0 standard deviations oversold, its worst first-half performance of any year since it began in 1972. There is a high probability of this mean reverting, driven by the Fed tightening cycle and a deteriorating economic outlook, leading to a defensive-sector resurgence in the second half.

Outside the US equity market, we have not seen this extraordinary disparity between the top 10 largest companies and the rest. The most notable thing we are seeing is the deterioration in the Chinese stock market due to economic and geo-political concerns, versus the improvement in the Japanese stock market due to corporate restructuring driven by the Tokyo Stock Exchange and the Bank of Japan beginning to normalise monetary policy. 

We are ‘buyers of the dips’ in the following areas: mid-cap technology as it will probably catch up to mega-cap technology, healthcare and consumer Staples which are now 3 standard deviations oversold, global champions trading at a valuation discount in the UK and Europe, Japanese restructuring, and domestic growth stocks in selected Emerging Markets (ex-China).
 

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 31 July 2023
A GBP share class, since launch (30 September 2008)

Return history (%)

Data as at 31 July 2023

Standardised Performance

Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. The Funds investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.


Jun 18 - Jun 19 Jun 19 - Jun 20 Jun 20 - Jun 21 Jun 21 - Jun 22 Jun 22 - Jun 23
Fund 7.94% 11.56% 28.77% -12.77% -3.75%

Monthly returns (%)

Data as at 31 July 2023
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 7.57 2.71 0.98 2.34 2.24 -1.65 8.22 2.35 27.93
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 1.94 0.42 2.05 4.68 -3.02 5.50 0.13 4.96 -1.65 3.33 4.61 0.79 25.99
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 -13.80 -1.41 4.96 -6.37 0.25 -7.48 4.33 0.09 -4.61 -1.46 0.84 -0.83 -23.96
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 1.93 -1.02 -1.72 -1.98 -0.28 1.18 2.02 0.04 332.39
Benchmark 2023 3.15 0.32 -0.43 0.90 1.06 1.93 2.68 9.96 361.82

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.

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 July 2023
Fund size GBP 1.21bn
Number of holdings 40

Top 10 holdings and active weights

Data as at 31 July 2023
Top 10 holdings
Microsoft 3.26%
Alphabet 3.09%
Intuit 2.97%
Chart Industries 2.91%
Infineon Technologies 2.89%
Tenaris 2.83%
Repligen Corp 2.78%
Intercontinental Exchange 2.71%
Accenture 2.71%
Ansys 2.71%
Top 10 active weights
Chart Industries +2.91%
Tenaris +2.83%
Infineon Technologies +2.81%
Repligen Corp +2.77%
Intuit +2.75%
GXO LOGISTICS +2.66%
Ansys +2.66%
Keysight Technologies +2.63%
Intercontinental Exchange +2.62%
BANK MANDIRI +2.60%

Sector breakdown

Data as at 31 July 2023
Portfolio Benchmark Relative
Information Technology 26.15% 21.90% 4.25%
Health Care 21.74% 11.58% 10.16%
Financials 16.96% 15.65% 1.31%
Industrials 9.68% 10.47% -0.79%
Consumer Staples 6.99% 7.16% -0.17%
Materials 5.22% 4.63% 0.59%
Consumer Discretionary 4.59% 11.39% -6.80%
Communication Services 3.09% 7.48% -4.39%
Energy 2.83% 4.73% -1.90%
Utilities 2.28% 2.72% -0.44%
Real Estate 0.00% 2.30% -2.30%
Cash 0.47% 0.00% 0.47%

Market cap breakdown

Data as at 31 July 2023
Portfolio Benchmark Relative
Large Cap 84.68% 94.38% -9.70%
Medium Cap 14.84% 5.62% 9.22%
Small Cap 0.00% 0.00% 0.00%
Cash 0.48% 0.00% 0.48%

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 Select Fund 22/09/2023 A EUR EUR Ireland IE00B3DBRP41 3.676 -0.02
Global Equities JOHCM Global Select Fund 22/09/2023 A GBP GBP Ireland IE00B3DBRN27 3.966 -0.02
Global Equities JOHCM Global Select Fund 22/09/2023 A USD USD Ireland IE00B3T31Z22 2.003 -0.013
Global Equities JOHCM Global Select Fund 22/09/2023 B EUR EUR Ireland IE00B3DBRM10 3.519 -0.019
Global Equities JOHCM Global Select Fund 22/09/2023 B GBP GBP Ireland IE00B3DBRL03 3.779 -0.019
Global Equities JOHCM Global Select Fund 22/09/2023 B USD USD Ireland IE00B5L7L670 2.259 -0.014
Global Equities JOHCM Global Select Fund Non-Distributing EUR Ireland IE00BVXCD772
Global Equities JOHCM Global Select Fund Z - Class EUR Ireland IE00B3DBRQ57
Global Equities JOHCM Global Select Fund 22/09/2023 Z - Class GBP GBP Ireland IE00B3DCMB82 2.876 -0.014
Global Equities JOHCM Global Select Fund Z - Class USD Ireland IE00B4V7J004

Dividend Rates

Funds paying quarterly dividends

JOHCM UK Equity Income Fund

Share class Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23
A distributing GBP 3.0863 1.2881 1.9828 3.4453 3.1410 1.8309 2.1053 3.2723
A accumulating GBP 6.6368 2.8152 4.3509 7.6541 7.1149 4.2268 4.9097 7.7197
B distributing GBP  2.8539 1.1897 1.8271 3.1746 2.8895 1.6822 1.9315 3.0000
B accumulating GBP 6.1431 2.6020 4.0228 7.0604 6.5526 3.8884 4.5096 7.0851
Y distributing GBP 2.0833 0.8697 1.3383 2.3274 2.1211 1.2376 1.4237 2.2134
Y accumulating GBP 2.6787 1.1364 1.7602 3.0924 2.8757 1.7088 1.9315 3.1230

Dividends are quoted and paid in pence per share

XD dates: 31 March, 30 June, 30 September and 31 December
Payment dates: 31 May, 31 August, 30 November and 28 February

The quarterly table above shows the last two years net dividends (on a XD rather than a paid basis) for this fund. If you require the dividends for previous time periods, please contact Northern Trust directly on 0333 300 0359 or by email JOH_Onshore_TAQueries@ntrs.com.

Funds paying semi-annual dividends

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

JOHCM UK Dynamic Fund (Onshore)

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

JOHCM UK Dynamic Fund (Offshore)

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

JOHCM Global Select Shariah Fund 

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

Funds paying annual dividends

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

JOHCM Asia ex Japan Fund

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

JOHCM Asia ex Japan Small and Mid Cap Fund

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


JOHCM Continental European Fund

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

JOHCM European Select Values Fund

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


JOHCM Global Emerging Markets Opportunities Fund

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

JOHCM Global Opportunities Fund (onshore)

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

JOHCM Global Opportunities Fund (offshore)

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

JOHCM Global Select Fund

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


JOHCM UK Growth Fund

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

JOHCM UK Opportunities Fund

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

 

Net dividends quoted in the local share class currency.

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

Views & News

  • 12 Apr 2023

    JOHCM Global Select Q1 2023 Update

    From inflation to the banking crisis – where are global equity markets heading?

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  • 27 Jan 2023

    Looking into 2023

    Senior Fund Managers Christopher Lees and Nudgem Richyal share what they are most excited about for 2023

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  • 08 Jul 2022

    Quarterly Update from Christopher Lees

    "Beware good houses in bad neighborhoods..."

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  • 19 Mar 2020

    Think like a scientist - but which one and when?

    Updated probability-based scenario analysis from the JOHCM Global Select team

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  • 02 Mar 2020

    Coronavirus: indiscriminate selling makes for opportunity

    Thoughts on the coronavirus and the subsequent market correction from the JOHCM Global Select Fund team. 

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Webcasts & Videos

  • Out of China…into Where?

    27 Oct 2023 10:00 AM | 30 mins

  • Building a more resilient Global Equity portfolio for more uncertain times

    09 Sep 2020 | 58 mins

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

    02 Jun 2020 | 64 mins

  • JOHCM Global Select Fund Q1 2020 update

    07 Apr 2020 | 58 mins

  • Christopher Lees

    Senior Fund Manager

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  • Nudgem Richyal

    Senior Fund Manager

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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 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 ...

Read More
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Summary

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

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

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