Christopher Lees
Senior Fund Manager
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.
Senior Fund Manager
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.
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 MoreThe 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 MoreThe Fund is managed in accordance with Shariah principles and invests in a concentrated portfolio of Shariah compliant global equity securities. Fund managers Nudgem Richyal and Christopher Lees believe stock markets are inefficient and aim to exploit market anomalies via an investment process that combines both top-down and bottom-up resear...
Read MoreFund size | GBP 1.53bn | |||||||||||||||||||||
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Strategy size | GBP 3.21bn (as at 30 June 2022) | |||||||||||||||||||||
Benchmark | MSCI AC World NR 12pm adjusted | |||||||||||||||||||||
Domicile | Ireland | |||||||||||||||||||||
Denomination | GBP, EUR | |||||||||||||||||||||
Share classes |
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Unit type | Distribution | |||||||||||||||||||||
Minimum investment |
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Valuation point | Daily (12pm, UK time) | |||||||||||||||||||||
Dealing frequency | Daily 9-5pm | |||||||||||||||||||||
Fund codes |
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©2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar Overall Ratings and Morningstar Analyst Ratings are as at 31/03/2022.
Initial charge | Up to 5% |
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Annual mgmt charge (A) | 0.75% |
Annual mgmt charge (B) | 1.50% |
Performance fee | 15% on excess if Fund outperforms benchmark, calculated daily. Any underperformance carried forward. This fee applies to all share classes. |
Status | UCITS |
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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.
The behaviour of global financial markets in July reminds us of the axiom ‘never short a dull market’.
The market moved more favourably for our portfolio during the month, as yields seem to have topped out, temporarily at least. With this pause in yields, growth as a style had a better month than value.
A strong July tends to accompany an up-year in markets, with the caveat that a strong July also increases the odds of a correction in the next five months. Other good ‘data mining’ news includes the fact that we observed three days of +1% gains in the S&P 500 following a 75 basis point rise in the Fed Funds target rate on 27 July. Eighty percent of the time the market is up in three to six months’ time in such cases. This bullish observation only goes back to 2002 and may not hold due to the small sample size.
Unfortunately, we managed to lag the bounce In July. However, we believe the changes that we have made to the portfolio and the evolution of market behaviour should continue to help our performance. Investors might bear in mind that the third quarter of the year is usually the weakest of any year. This year is likely to be especially volatile given the US mid-term elections in November.
The energy and electricity situation in Europe continues to deteriorate. Much of the pressure is self-inflicted and revolves around the misunderstanding that transitions take time. European policymakers want to wish themselves a cleaner and greener energy base ignoring the time, effort, money and potential hit on the consumer this involves. There is a non-negligible risk that the aggregate GHG emissions and carbon footprints of our benchmark actually worsen in the next few quarters as European firms switch from gas to diesel or coal. Why don’t they switch on nuclear? Sadly, the water levels are too low to help cool the nuclear reactors that are currently in operation let alone those that have been idled. The low water levels are a problem for barge transport which complicates the shift to coal.
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.
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 17 - Jun 18 | Jun 18 - Jun 19 | Jun 19 - Jun 20 | Jun 20 - Jun 21 | Jun 21 - Jun 22 | |
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Fund | 19.90% | 7.94% | 11.56% | 28.77% | -12.77% |
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual | Since inception | ||
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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 | -19.18 | 359.38 | |||||
Benchmark | 2022 | -5.93 | -1.26 | 5.66 | -2.75 | -1.88 | -4.82 | 4.94 | -6.45 | 328.91 |
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.
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 size | GBP 1.53bn |
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Number of holdings | 40 |
Microsoft | 2.88% |
Aptiv | 2.81% |
S&P GLOBAL | 2.80% |
Catalent | 2.77% |
United Rentals | 2.73% |
Intercontinental Exchange | 2.73% |
Accenture | 2.72% |
Keyence Corporation | 2.65% |
Morningstar | 2.64% |
Henry Schein | 2.62% |
Aptiv | +2.77% |
Catalent | +2.73% |
United Rentals | +2.69% |
Morningstar | +2.64% |
Intercontinental Exchange | +2.63% |
Henry Schein | +2.60% |
S&P GLOBAL | +2.58% |
DSM | +2.54% |
Keyence Corporation | +2.53% |
Chart Industries | +2.44% |
Portfolio | Benchmark | Relative | ||
---|---|---|---|---|
Health Care | 28.55% | 12.46% | 16.08% | |
Information Technology | 15.26% | 21.87% | -6.61% | |
Financials | 12.65% | 14.14% | -1.49% | |
Industrials | 9.88% | 9.58% | 0.30% | |
Materials | 9.31% | 4.60% | 4.71% | |
Consumer Discretionary | 9.14% | 11.58% | -2.44% | |
Communication Services | 4.37% | 7.54% | -3.17% | |
Energy | 2.41% | 4.96% | -2.55% | |
Consumer Staples | 2.26% | 7.40% | -5.14% | |
Utilities | 2.20% | 3.11% | -0.91% | |
Real Estate | 0.00% | 2.75% | -2.75% | |
Cash | 3.96% | 0.00% | 3.96% |
Portfolio | Benchmark | Relative | ||
---|---|---|---|---|
Large Cap | 86.75% | 93.40% | -6.64% | |
Medium Cap | 9.28% | 6.60% | 2.68% | |
Small Cap | 0.00% | 0.00% | 0.00% | |
Cash | 3.96% | 0.00% | 3.96% |
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 |
As at noon | Share class | Currency | Domicile | Sedol number | NAV per share | Change | |
JOHCM (ire) Uk Dynamic Fund | 12/08/2022 | EUR Y | EUR | Ireland | BP6NT66 | 1.010 | -0.002 | |
JOHCM Asia ex Japan Fund | 12/08/2022 | A | EUR | Ireland | B431KK7 | 2.458 | 0.006 | |
A | GBP | Ireland | B3RQ272 | 2.472 | 0.011 | |||
A | USD | Ireland | B435PM6 | 1.874 | -0.005 | |||
B | EUR | Ireland | B5L49R5 | 2.468 | 0.005 | |||
B | GBP | Ireland | B3ZQS76 | 2.412 | 0.012 | |||
B | USD | Ireland | BF7NZT0 | 1.887 | -0.007 | |||
Z | GBP | Ireland | B44PG77 | 1.763 | 0.008 | |||
Z | USD | Ireland | BVG7681 | 1.258 | -0.004 | |||
JOHCM Asia ex Japan Small and Mid Cap Fund | 12/08/2022 | A | EUR | Ireland | B6R5VD9 | 2.635 | 0.011 | |
A | GBP | Ireland | B6R5LS4 | 2.969 | 0.017 | |||
A | USD | Ireland | B6R5QW3 | 2.392 | -0.004 | |||
B | EUR | Ireland | B6R5HM0 | 2.985 | 0.010 | |||
B | GBP | Ireland | B6R63P8 | 2.883 | 0.016 | |||
B | USD | Ireland | B6R5YM9 | 2.269 | -0.005 | |||
Z | GBP | Ireland | B4X3T62 | 2.262 | 0.013 | |||
JOHCM Continental European Fund | 12/08/2022 | A | EUR | Ireland | 3300923 | 4.198 | 0.013 | |
A | GBP | Ireland | 3300912 | 5.104 | 0.027 | |||
A | USD | Ireland | BJ4G0G2 | 1.660 | 0.004 | |||
A Hedged | GBP | Ireland | BSJCJ49 | 1.435 | 0.005 | |||
B | EUR | Ireland | 3300901 | 4.221 | 0.014 | |||
B | GBP | Ireland | 3100543 | 4.914 | 0.027 | |||
B | USD | Ireland | BJ4G0H3 | 1.691 | 0.005 | |||
GBP X | GBP | Ireland | BP6NT77 | 1.015 | 0.005 | |||
Y | EUR | Ireland | B98YKX9 | 1.619 | 0.006 | |||
Y | GBP | Ireland | B993PD0 | 1.880 | 0.010 | |||
Y Hedged | GBP | Ireland | BSJCJ50 | 1.499 | 0.004 | |||
JOHCM European Concentrated Value Fund | 12/08/2022 | A | EUR | Ireland | BW0DJY9 | 1.004 | 0.003 | |
B | EUR | Ireland | BW0DJZ0 | 0.997 | 0.002 | |||
Z | AUD | Ireland | BYNJFM8 | 1.054 | 0.004 | |||
Z | EUR | Ireland | BYNJFN9 | 0.927 | 0.004 | |||
JOHCM European Select Values Fund | 12/08/2022 | A | EUR | Ireland | 3290433 | 3.461 | 0.005 | |
A | GBP | Ireland | 3290422 | 5.279 | 0.019 | |||
B | EUR | Ireland | 3290411 | 2.315 | 0.004 | |||
B | GBP | Ireland | 3290400 | 4.830 | 0.018 | |||
Non-Distributing | EUR | Ireland | BSFWK51 | 1.285 | 0.002 | |||
X | EUR | Ireland | B4K14L9 | 1.653 | 0.003 | |||
Y | EUR | Ireland | BMXC8L3 | 0.933 | 0.002 | |||
JOHCM Global Emerging Markets Opportunities Fund | 12/08/2022 | A | EUR | Ireland | B3ZBLW7 | 1.576 | 0.004 | |
A | GBP | Ireland | B4002N4 | 1.422 | 0.007 | |||
A | USD | Ireland | B4M6CN0 | 1.112 | -0.003 | |||
B | EUR | Ireland | B4TRCR0 | 1.555 | 0.003 | |||
B | GBP | Ireland | B41RZ57 | 1.365 | 0.006 | |||
B | USD | Ireland | B4XXMP2 | 1.452 | -0.004 | |||
Y | GBP | Ireland | BYSGJY4 | 1.713 | 0.008 | |||
Y | USD | Ireland | BYSGJZ5 | 1.350 | -0.003 | |||
Z | CAD | Ireland | BBPK0L2 | 1.495 | -0.001 | |||
Z | GBP | Ireland | B6R54W9 | 1.794 | 0.009 | |||
JOHCM Global Income Builder Fund | 12/08/2022 | A | EUR | Ireland | BFZWPD3 | 1.139 | 0.001 | |
A | GBP | Ireland | BFZWPC2 | 1.095 | 0.004 | |||
A | SGD | Ireland | BFZWPG6 | 1.003 | -0.002 | |||
A | USD | Ireland | BFZWPF5 | 0.990 | -0.004 | |||
B | EUR | Ireland | BFZWPJ9 | 1.088 | 0.001 | |||
Seed | EUR | Ireland | BKF2GH9 | 1.017 | 0.000 | |||
Seed | GBP | Ireland | BFZWPH7 | 1.152 | 0.004 | |||
Seed | GBP | Ireland | BHR0DJ1 | 1.188 | 0.004 | |||
JOHCM Global Opportunities Fund (offshore) | 12/08/2022 | A | EUR | Ireland | B7MR557 | 2.840 | 0.004 | |
A | GBP | Ireland | B89PQM5 | 2.543 | 0.009 | |||
A | USD | Ireland | B89JY23 | 2.303 | -0.010 | |||
A Hedged | EUR | Ireland | BFZWWX2 | 1.085 | -0.005 | |||
B | GBP | Ireland | BF7NZS9 | 2.773 | 0.010 | |||
B | USD | Ireland | B8295C7 | 2.171 | -0.010 | |||
B | EUR | Ireland | B80FZF0 | 2.589 | 0.003 | |||
X | EUR | Ireland | BJ5JW42 | 1.296 | 0.002 | |||
X | EUR | Ireland | BMCZLF8 | 1.418 | 0.002 | |||
X | GBP | Ireland | BQVC9L0 | 2.175 | 0.008 | |||
X Hedged | GBP | Ireland | BF29TX5 | 1.178 | -0.005 | |||
Z | EUR | Ireland | BDZD4M4 | 1.287 | 0.001 | |||
Z | GBP | Ireland | B83MS15 | 1.021 | 0.004 | |||
JOHCM Global Opportunities Fund (offshore) | 12/08/2022 | X Non-distributing NOK | NOK | Ireland | BMFV6C5 | 10.583 | 0.009 | |
JOHCM Global Opportunities Fund (onshore) | 12/08/2022 | A Accumulating | GBP | UK | BJ5JMC0 | 1.329 | 0.005 | |
A Accumulating Hedged | GBP | UK | BKDV8G1 | 1.161 | -0.004 | |||
A Distributing | GBP | UK | BJ5JMD1 | 1.250 | 0.005 | |||
X Accumulating | GBP | UK | BJ5JMF3 | 1.297 | 0.005 | |||
X Distributing | GBP | UK | BJ5JMG4 | 1.251 | 0.004 | |||
JOHCM Global Select Fund | 12/08/2022 | A | EUR | Ireland | B3DBRP4 | 4.184 | -0.023 | |
A | GBP | Ireland | B3DBRN2 | 4.409 | -0.014 | |||
A | USD | Ireland | B3T31Z2 | 2.205 | -0.025 | |||
B | EUR | Ireland | B3DBRM1 | 4.013 | -0.022 | |||
B | GBP | Ireland | B3DBRL0 | 4.209 | -0.013 | |||
B | USD | Ireland | B5L7L67 | 2.493 | -0.027 | |||
Z | GBP | Ireland | B3DCMB8 | 3.196 | -0.010 | |||
JOHCM Global Select Shariah Fund | 12/08/2022 | A | USD | Ireland | BMZQQY2 | 1.038 | -0.008 | |
JOHCM Uk Dynamic Fund | 12/08/2022 | Y | GBP | Ireland | BDGKPZ4 | 1.003 | 0.000 | |
JOHCM UK Dynamic Fund (onshore) | 12/08/2022 | A Accumilating | GBP | UK | B4T7HR5 | 2.913 | 0.002 | |
A Distributing | GBP | UK | B4T8552 | 1.926 | 0.001 | |||
B Accumulating | GBP | UK | B4T7JX5 | 3.214 | 0.002 | |||
B Distributing | GBP | UK | B4TXJ33 | 1.742 | 0.001 | |||
X Accumulating | GBP | UK | BJ7HNB8 | 1.139 | 0.001 | |||
X Distributing | GBP | UK | BJ5JMB9 | 1.006 | 0.000 | |||
Y | GBP | UK | BDZRJ21 | 1.210 | 0.001 | |||
Y Accumulating | GBP | UK | BDZRJ10 | 1.683 | 0.002 | |||
JOHCM UK Equity Income Fund | 12/08/2022 | A Accumulating | GBP | UK | B03KR50 | 4.289 | -0.038 | |
A Distributing | GBP | UK | B03KP23 | 1.894 | -0.016 | |||
B Accumulating | GBP | UK | B03KR83 | 3.951 | -0.035 | |||
B Distributing | GBP | UK | B03KR61 | 1.742 | -0.016 | |||
X Distributing | GBP | UK | BYV9S21 | 0.946 | -0.009 | |||
Y | GBP | UK | B95FCK6 | 1.280 | -0.011 | |||
Y Accumulating | GBP | UK | B8FCHK5 | 1.734 | -0.015 | |||
JOHCM UK Growth Fund | 12/08/2022 | A | GBP | Ireland | 3300934 | 3.686 | 0.009 | |
B | GBP | Ireland | 3100554 | 3.192 | 0.007 | |||
Non-distributing | EUR | Ireland | BLLV8D7 | 2.038 | 0.000 | |||
Non-distributing | USD | Ireland | BLLV8C6 | 1.950 | -0.011 | |||
X | EUR | Ireland | BLLV882 | 2.053 | 0.000 | |||
X | EUR | Ireland | BLLV8B5 | 1.865 | 0.004 | |||
X | GBP | Ireland | BLLV893 | 1.838 | 0.004 | |||
X | USD | Ireland | BLLV871 | 1.965 | -0.011 | |||
JOHCM UK Opportunities Fund | 12/08/2022 | A Accumulating | GBP | UK | B0LLB64 | 3.208 | 0.012 | |
A Distributing | GBP | UK | B3K76Q9 | 2.053 | 0.008 | |||
B Accumulating | GBP | UK | B0LLB75 | 2.967 | 0.011 | |||
B Distributing | GBP | UK | B3K76P8 | 1.926 | 0.008 | |||
X Accumulating | GBP | UK | BQJZQQ5 | 1.478 | 0.005 | |||
X Distributing | GBP | UK | B95MSF4 | 1.166 | 0.005 | |||
Y | GBP | UK | B95J5C1 | 1.384 | 0.005 | |||
Y Accumulating | GBP | UK | B95HP81 | 1.797 | 0.007 | |||
Regnan Global Equity Impact Solutions Fund (offshore) | 12/08/2022 | Y CAD | CAD | Ireland | BMWMY49 | 0.916 | -0.008 | |
Regnan Global Equity Impact Solutions Fund (offshore) | 12/08/2022 | A | EUR | Ireland | BN2BD91 | 0.947 | -0.004 | |
A | GBP | Ireland | BN2BD80 | 0.902 | -0.002 | |||
A | USD | Ireland | BN2BDC4 | 0.808 | -0.009 | |||
A Hedged | EUR | Ireland | BN2BDB3 | 0.784 | -0.009 | |||
B | EUR | Ireland | BN2BDF7 | 0.936 | -0.006 | |||
B | GBP | Ireland | BN2BDD5 | 0.894 | -0.003 | |||
B | USD | Ireland | BN2BDH9 | 0.798 | -0.009 | |||
B Hedged | EUR | Ireland | BN2BDG8 | 0.770 | -0.009 | |||
Seed | EUR | Ireland | BN2BDS0 | 0.961 | -0.004 | |||
Seed | GBP | Ireland | BN2BDR9 | 0.915 | -0.002 | |||
Seed | USD | Ireland | BN2BDV3 | 0.815 | -0.009 | |||
Seed Hedge | EUR | Ireland | BN2BDT1 | 0.790 | -0.009 | |||
Z | GBP | Ireland | BN2BDN5 | 0.912 | -0.002 | |||
Regnan Global Equity Impact Solutions Fund (onshore) | 12/08/2022 | A Accumulating | GBP | UK | BMCZDD0 | 1.063 | -0.002 | |
F Accumulating | GBP | UK | BMCZDJ6 | 1.075 | -0.002 | |||
Y Accumulating | GBP | UK | BMCZDK7 | 1.065 | -0.003 | |||
Regnan Sustainable Water and Waste Fund (offshore) | 12/08/2022 | A | USD | Ireland | BLPKC94 | 0.865 | -0.005 | |
A | GBP | Ireland | BLPKC61 | 0.945 | 0.001 | |||
A | EUR | Ireland | BLPKC72 | 0.948 | -0.001 | |||
B | EUR | Ireland | BLPKCC7 | 0.950 | -0.001 | |||
B | GBP | Ireland | BLPKCB6 | 0.947 | 0.001 | |||
B | USD | Ireland | BLPKF84 | 0.867 | -0.006 | |||
Y | GBP | Ireland | BLPKF95 | 0.946 | 0.001 | |||
Y | EUR | Ireland | BLPKFC8 | 0.948 | -0.001 | |||
Y | USD | Ireland | BLPKFF1 | 0.865 | -0.005 | |||
Regnan Sustainable Water and Waste Fund (onshore) | 12/08/2022 | A Accumulating | GBP | UK | BMYXD32 | 1.012 | 0.001 | |
F Accumulating | GBP | UK | BMYXQ55 | 1.019 | 0.002 | |||
Y Accumulating | GBP | UK | BMYXQ55 | 1.019 | 0.002 |
JOHCM Global Income Builder Fund
Share class | 11/21 | 12/21 | 01/22 | 02/22 | 03/22 | 04/22 | 05/22 | 06/22 | 07/22 | 08/22 |
---|---|---|---|---|---|---|---|---|---|---|
A GBP | 0.3621 | 0.3848 | 0.3789 | 0.3654 | 0.3251 | 0.3709 | 0.3481 | 0.3848 | 0.3507 | 0.3439 |
A EUR | 0.3601 | 0.3996 | 0.4003 | 0.3863 | 0.3443 | 0.3889 | 0.3655 | 0.3990 | 0.3571 | 0.3622 |
A USD | 0.3518 | 0.3821 | 0.3812 | 0.3676 | 0.0349 | 0.3634 | 0.3242 | 0.3611 | 0.3151 | 0.3128 |
A SGD | 0.3506 | 0.3848 | 0.3823 | 0.3665 | 0.3256 | 0.3641 | 0.3321 | 0.3661 | 0.3248 | 0.3189 |
B EUR | 0.3469 | 0.3847 | 0.3850 | 0.3712 | 0.3306 | 0.3731 | 0.3503 | 0.3820 | 0.3416 | 0.3462 |
Seed | 0.3207 | 0.3561 | 0.3978 | 0.3838 | 0.3416 | 0.3470 | 0.3262 | 0.3562 | 0.3189 | 0.3619 |
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).
JOHCM UK Equity Income Fund
Share class | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 |
---|---|---|---|---|---|---|---|---|---|---|
A distributing GBP | 1.5930 | 1.1154 | 1.2632 | 1.0771 | 1.1681 | 2.3283 | 3.0863 | 1.2881 | 1.9828 | 3.4453 |
A accumulating GBP | 3.2391 | 2.2958 | 2.6218 | 2.2581 | 2.4649 | 4.9447 | 6.6368 | 2.8152 | 4.3509 | 7.6541 |
B distributing GBP | 1.4790 | 1.0379 | 1.1739 | 0.9997 | 1.0825 | 2.1559 | 2.8539 | 1.1897 | 1.8271 | 3.1746 |
B accumulating GBP | 3.0210 | 2.1395 | 2.4391 | 2.0980 | 2.2869 | 4.5836 | 6.1431 | 2.6020 | 4.0228 | 7.0604 |
Y distributing GBP | 1.0730 | 0.7534 | 0.8514 | 0.7263 | 0.7879 | 1.5709 | 2.0833 | 0.8697 | 1.3383 | 2.3274 |
Y accumulating GBP | 1.3051 | 0.9242 | 1.0570 | 0.5363 | 0.9944 | 1.9953 | 2.6787 | 1.1364 | 1.7602 | 3.0924 |
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).
All funds have a XD date of 1 July 2022 and pay date of 31 August 2022.
JOHCM UK Dynamic Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
Y | GBP | 31 Aug 2022 | pence per share | 2.1779 |
All funds have a XD date of 31 December 2021 and pay date of 28 February 2022.
JOHCM Asia ex Japan Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 0.0000 |
A | EUR | 28 Feb 2022 | cents per share | 0.0000 |
A | USD | 28 Feb 2022 | cents per share | 0.0000 |
B | GBP | 28 Feb 2022 | pence per share | 0.0000 |
B | EUR | 28 Feb 2022 | cents per share | 0.0000 |
B | USD | 28 Feb 2022 | cents per share | 0.0000 |
Z | GBP | 28 Feb 2022 | cents per share | 1.2717 |
Z | USD | 28 Feb 2022 | cents per share | 1.0094 |
JOHCM Asia ex Japan Small and Mid Cap Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 0.0000 |
A | EUR | 28 Feb 2022 | cents per share | 0.0000 |
A | USD | 28 Feb 2022 | cents per share | 0.0000 |
B | GBP | 28 Feb 2022 | pence per share | 0.0000 |
B | EUR | 28 Feb 2022 | cents per share | 0.0000 |
B | USD | 28 Feb 2022 | cents per share | 0.0000 |
Z | GBP | 28 Feb 2022 | cents per share | 0.0000 |
JOHCM Concentrated Global Share Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 0.0000 |
JOHCM Continental European Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 8.6863 |
A | EUR | 28 Feb 2022 | cents per share | 7.2518 |
A - hedge | GBP | 28 Feb 2022 | pence per share | 2.3783 |
B | GBP | 28 Feb 2022 | pence per share | 5.7899 |
B | EUR | 28 Feb 2022 | cents per share | 5.0477 |
B - hedge | USD | 28 Feb 2022 | cents per share | 1.8425 |
Y | GBP | 28 Feb 2022 | pence per share | 3.4475 |
Y - hedge | GBP | 28 Feb 2022 | pence per share | 2.6955 |
Y | EUR | 28 Feb 2022 | cents per share | 3.0103 |
JOHCM European Select Values Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 3.4279 |
A | EUR | 28 Feb 2022 | cents per share | 2.2816 |
B | GBP | 28 Feb 2022 | pence per share | 0.4023 |
B | EUR | 28 Feb 2021 | cents per share | 0.1956 |
Y | EUR | 28 Feb 2022 | cents per share | 0.6184 |
JOHCM European Concentrated Value Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | EUR | 28 Feb 2022 | cents per share | 0.8126 |
B | EUR | 28 Feb 2022 | cents per share | 0.3158 |
Z | EUR | 28 Feb 2022 | cents per share | 1.5455 |
JOHCM Global Emerging Markets Opportunities Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 2.8311 |
A | EUR | 28 Feb 2022 | cents per share | 3.1858 |
A | USD | 28 Feb 2022 | cents per share | 2.4633 |
B | GBP | 28 Feb 2022 | pence per share | 1.8347 |
B | EUR | 28 Feb 2022 | cents per share | 2.1208 |
B | USD | 28 Feb 2022 | cents per share | 2.1654 |
Y | GBP | 28 Feb 2022 | pence per share | 3.6898 |
Y | USD | 28 Feb 2022 | cents per share | 3.1258 |
Z | GBP | 28 Feb 2022 | cents per share | 5.3164 |
JOHCM Global Opportunities Fund (onshore)
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 2.5871 |
A | EUR | 28 Feb 2022 | cents per share | 5.0441 |
A | USD | 28 Feb 2022 | cents per share | 4.8886 |
B | EUR | 28 Feb 2022 | cents per share | 4.6750 |
B | USD | 28 Feb 2022 | cents per share | 4.6865 |
A - hedged | GBP | 28 Feb 2022 | pence per share | 2.6653 |
A - hedged | EUR | 28 Feb 2022 | cents per share | 2.2077 |
X | GBP | 28 Feb 2022 | cents per share | 2.4784 |
X | EUR | 28 Feb 2022 | cents per share | 2.2293 |
JOHCM Global Opportunities Fund (offshore)
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 4.5789 |
A | EUR | 28 Feb 2022 | cents per share | 5.1902 |
A | USD | 28 Feb 2022 | cents per share | 4.6148 |
B | GBP | 28 Feb 2022 | pence per share | 5.0376 |
B | EUR | 28 Feb 2022 | cents per share | 4.7737 |
B | USD | 28 Feb 2022 | cents per share | 4.3909 |
A - hedged | EUR | 28 Feb 2022 | cents per share | 2.3372 |
X | GBP | 28 Feb 2022 | cents per share | 3.9139 |
Z | GBP | 28 Feb 2022 | cents per share | 1.8229 |
X - hedged | GBP | 28 Feb 2022 | cents per share | 2.4327 |
X | EUR | 28 Feb 2022 | cents per share | 2.3658 |
JOHCM Global Select Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 0.0000 |
A | EUR | 28 Feb 2022 | cents per share | 0.0000 |
A | USD | 28 Feb 2022 | cents per share | 0.0000 |
B | GBP | 28 Feb 2022 | pence per share | 0.0000 |
B | EUR | 28 Feb 2022 | cents per share | 0.0000 |
B | USD | 28 Feb 2022 | cents per share | 0.0000 |
Z | GBP | 28 Feb 2022 | pence per share | 2.9482 |
Z | USD | 28 Feb 2022 | cents per share | 2.5658 |
JOHCM UK Dynamic Fund
Please note that with effect from 1 January 2022, this fund will make semi-annual distributions.
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A - distributing | GBP | 30 June 2022 | pence per share | 4.2307 |
A - accumulating | GBP | 30 June 2022 | pence per share | 6.2512 |
B - distributing | GBP | 30 June 2022 | pence per share | 3.8318 |
B - accumulating | GBP | 30 June 2022 | pence per share | 6.9098 |
Y - distributing | GBP | 30 June 2022 | pence per share | 2.6563 |
Y - accumulating | GBP | 30 June 2022 | pence per share | 3.6096 |
JOHCM UK Growth Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 5.8783 |
B | GBP | 28 Feb 2022 | pence per share | 3.1115 |
X | GBP | 28 Feb 2022 | pence per share | 3.1342 |
JOHCM UK Opportunities Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A - distributing | GBP | 28 Feb 2022 | pence per share | 5.5257 |
A - accumulating | GBP | 28 Feb 2022 | pence per share | 8.4140 |
B - distributing | GBP | 28 Feb 2022 | pence per share | 5.2121 |
B - accumulating | GBP | 28 Feb 2022 | pence per share | 7.8256 |
Y - accumulating | GBP | 28 Feb 2022 | pence per share | 3.7193 |
Y - distributing | GBP | 28 Feb 2022 | pence per share | 4.7060 |
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.
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 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 MoreThe 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 MoreThe Fund is managed in accordance with Shariah principles and invests in a concentrated portfolio of Shariah compliant global equity securities. Fund managers Nudgem Richyal and Christopher Lees believe stock markets are inefficient and aim to exploit market anomalies via an investment process that combines both top-down and bottom-up resear...
Read MoreAmongst other characteristics, the Fund promotes environmental and social characteristics and invests in companies that apply good corporate governance. JOHCM Funds (Ireland) Limited, the Fund’s manager has therefore categorised the Fund as meeting the provisions set out in Article 8 of EU Regulation 2019/2088 on sustainability-related disclosures in the financial services sector (“SFDR”).
In looking for investments, J O Hambro Capital Management Limited (“Investment Manager”) seeks to avoid investing in companies which contribute to significant social and/or environmental harms, and thereby fail environmental, social and governance (“ESG”) key performance indicators which are directly integrated within all aspects of the investment process.
In order to achieve this, the Fund applies exclusions to the selection of underlying assets as part of its investment process, including an exclusion for businesses that are rated as ‘Severe’ by Sustainalytics, ‘CCC’ by MSCI ESG or assessed as ‘non-compliant’ with the UN Global Compact.
In order to support the reduction of adverse environmental impacts of the Fund’s portfolio, and in particular its contribution to climate change, the Investment Manager excludes investments in companies that:
* Companies with a climate transition plan may be exempted from this exclusion, provided that they have in place a Paris Agreement aligned transition plan and produce climate-related financial disclosures annually, which in both cases we consider credible.
These selection criteria may not be disapplied or overridden by the Investment Manager unless it is a fossil fuel company with a Paris Agreement-aligned climate transition plan and it produces robust climate-related financial disclosures annually, which in both cases the Investment Manager considers credible.
Also excluded, to avoid contributing to social harms, are companies that:
Additionally, the Investment Manager recognises that ESG factors can create risks and opportunities for companies and as such incorporates ESG risks into their analytical framework and portfolio construction.
In order to measure and monitor the environmental and social characteristics of the Fund, the Investment Manager will review a variety of internally- and externally-generated ESG data produced by its third-party data providers and published by its investee companies. This allows the Investment Manager to review performance against those environmental and social characteristics across all four dimensions of the investment process.
The Investment Manager treats climate change mititgation and adaptation as a material factor within its investment approach in accordance with the EU’s Taxonomy Regulation (Regulation (EU) 2020/852 and amending Regulation (EU) 2019/2088). Climate change poses fundamental risks and opportunities that can affect the long-term performance and value of investments.
The Investment Manager accounts for and promotes climate change mitigation and adaption factors by utilising the following methods:
• There is a preference for companies with low exposure to fossil fuels, through the Fund actively not investing in companies where extraction, exploration, distribution, or refinement of fossil fuels (coal, oil and natural gas) or fossil fuel-based power generation account for 10% or more of total revenue.
• The Investment Manager may though disapply these selection criteria to support transitional initiatives, where companies have a transitioning or decarbonising business strategy, aligned with the long-term temperature goal of the Paris Agreement on Climate Change.
• The Investment Manager undertakes active engagement with certain companies that have significantly below average sustainability characteristics but a high propensity for transformation, and therefore supports change.
Due to a lack of reliable, timely and verifiable data, the Investment Manager is unable to make a full assessment of the Fund’s investments against the TR’s Technical Screening Criteria (“TSC”). As such, it has been determined that 0% of the Fund’s investments are in economic activities that qualify as environmentally sustainable under the TR.
The Investment Manager is keeping this situation under review and will provide an updated statement on the percentage of the Fund’s alignment with the TR’s TSC once sufficient data is available.
The do no significant harm principle only applies to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Investee companies must follow good governance practices. This requires investee companies to adhere to minimum standards in various areas including sound management structures, employee relations, remuneration of staff and tax compliance. The Investment Manager is a signatory to the UK Stewardship Code 2012. JOHCM has met the expected standard of reporting under the UK Stewardship Code in 2021 and has been approved as a signatory. As a signatory to the Code and the UNPRI, the good governance practices of investee companies are assessed by the Investment Manager prior to making an investment and periodically thereafter.
The Fund uses the MSCI ACWI Standard Index for performance fee calculation purposes only and it is not, nor is it intended to be, aligned and/or consistent with the environmental and social characteristics promoted by the Fund.
A description of the extent to which environmental and social characteristics are met will be available as part of the annual report which will be published on this website once available. The Fund’s most recent annual report does not include any information pursuant to SFDR.
In implementing the exclusionary screens, the Investment Manager utilises the business involvement screening service offered by its third-party provider, ISS. As such, it relies upon ISS’s business involvement definitions, data and assessments. We utilise the UN Global Compact assessment of another third-party provider, Sustainalytics. Further details are available upon request.
The exclusion criteria referred to above will be applied prior to making any investment and the Fund’s portfolio will be monitored for any investments which breach these exclusion criteria on a periodic basis.
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