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
JOHCM Global Select Shariah Fund

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

Read More
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Investment Objective

The 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 January 2024
Fund size GBP 1.14bn
Strategy size GBP 2.56bn (as at 31 May 2023)
Benchmark MSCI AC World NR 12pm adjusted
Domicile Ireland
Denomination GBP, EUR
Share classes

Please click here

Unit type Distribution
Minimum investment
A GBP 1,000
B GBP 1,000
Valuation point Daily (12pm, UK time)
Dealing frequency Daily 9-5pm

Fund ratings and awards

Data as at 31 January 2024

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

Fees and charges

Initial charge Up to 5%
Performance fee

Please review the latest factsheet for more information our fees and charges here

Administration

Status UCITS
Investment manager J O Hambro Capital Management Limited
Transfer agent and registrar Northern Trust International Fund Administration Services (Ireland) Limited
Depositary Northern Trust Fiduciary Services (Ireland) Limited

This is a marketing communication.

Information on the rights of investors can be found here.

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

Strategy Highlights

As at 31 January 2024

While European and Asian markets saw muted performance, the US, particularly the tech-heavy Nasdaq, continued its upward trajectory. The Magnificent 7 has changed into the Fabulous 5 (Nvidia, Amazon, Microsoft, Facebook and Google) because the Dire Duo (Tesla, Apple) reported disappointing earnings guidance and underperformed. The biotech sector also shone brightly, fuelled by continued optimism around cardio-metabolism, new drug discoveries, advancements in gene editing, and the potential for AI-powered drug development. Our two best performing names both play into the cardio-metabolism theme: Viking Therapeutics and Zealand Pharma. The Japanese market continued to be buoyed by the push for structural reforms at the corporate level.

On the flip side, the continued muted performance from most non-US markets has reflected in the underperformance of our industrials names. The two weakest positions during the month were GXO and Chart Industries. 

Despite our optimism that inflation peaked long ago, market participants continue to worry and central bankers have remained hawkish. It is interesting to note that the Federal Reserve has taken out comments regarding the stability of the banking system, something to keep an eye on given the recent action in the stock price of New York Community Bank.

After the significant rally in Q4 2023, we would not be surprised by a shallow correction in Q1 2024. The momentum signals we’ve seen recently suggest that small and mid-caps will see strong gains and outperform over the next six to 12 months, even if the overall indices struggle if the mega-caps that dominate these indices underperform after their exceptional outperformance in 2023. However, just because small and mid-caps look poised to outperform doesn’t mean there isn’t a place for some mega-caps with positive earnings revisions in the portfolio, particularly those exposed to the mega-trends of AI and obesity drugs.

Our 2024 scenario analysis and outlook are 80% bullish and 20% bearish. Short term reasons to be bearish include the ongoing potential for a recession and geopolitical tensions. Medium term reasons to be bullish include the Fed regaining credibility with inflation and interest rates stabilising and an AI productivity boost.

Scenario 1 = 10% probability that US Magnificent Seven leadership continues. New bull market leadership is not usually the old bull market leadership, but several things are ‘different this time,’ eg AI, Cold War 2.0 
Scenario 2 = 70% probability of broadening bull market. US interest rates stabilising or China (the world’s second largest economy) stabilising are catalysts for this positive outcome
Scenario 3 = 20% probability of bear market or zig-zag. Resurgent inflation and interest rates rising, or geopolitical/Middle-Eastern escalations are catalysts for this negative outcome 

We are positioned for 2024 probably being a vice versa of 2023 in several ways, with better performance from 2023’s laggards such as small and mid-caps, emerging markets and the Japanese Yen. In 2023, small and mid-caps relative earnings and relative prices significantly underperformed large-caps (negatively impacting our portfolio’s performance) but showed early signs of a trend reversal in Q4 2023. We are already overweight small and mid-caps, and we think this is the beginning of a new positive trend for small and mid-caps relative to large-caps globally. In 2023, the US improved while emerging markets deteriorated, but we expect vice versa in 2024 as the US economy slows and emerging markets’ earnings improve. In 2023, the Japanese Yen significantly underperformed as the Bank of Japan (BOJ) became the last central bank with negative interest rates, but this might end in 2024, and the Fed’s recent dovish pivot and BOJ’s recent loosening of yield curve control are both Yen bullish.

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 January 2024
A GBP share class, since launch (30 September 2008)

Return history (%)

Data as at 31 January 2024

Standardised Performance

Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. The 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.


Dec 19 - Dec 20 Dec 20 - Dec 21 Dec 21 - Dec 22 Dec 22 - Dec 23 Dec 23 - Dec 24
Fund 20.03% 27.93% 25.99% -23.96% 5.50%

Monthly returns (%)

Data as at 31 January 2024
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 -1.34 -0.30 -3.68 6.05 4.96 5.50
Benchmark 2023 3.15 0.32 -0.43 0.90 1.06 1.93 2.68 -1.04 -0.72 -2.86 5.13 4.47 15.26
Fund 2024 3.35 3.35 371.25
Benchmark 2024 1.84 1.84 392.98

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 January 2024
Fund size GBP 1.14bn
Number of holdings 40

Top 10 holdings and active weights

Data as at 31 January 2024
Top 10 holdings
Microsoft 3.36%
LILLY (ELI) & COMPANY 2.80%
AP MEMORY TECH 2.74%
Alphabet 2.73%
Novo Nordisk 2.69%
MercardoLibre 2.66%
BROADCOM 2.64%
Amazon.com 2.60%
CRH 2.58%
Danone 2.56%
Top 10 active weights
AP MEMORY TECH +2.74%
MercardoLibre +2.55%
NU Holdings +2.55%
VIKING THERAPEUTICS +2.54%
ZEALAND PHARMA +2.52%
PTC +2.51%
DYNATRACE +2.50%
CRH +2.50%
Danone +2.50%
FORTESCUE +2.47%

Sector breakdown

Data as at 31 January 2024
Portfolio Benchmark Relative
Information Technology 31.00% 23.52% 7.48%
Health Care 20.05% 11.43% 8.63%
Financials 16.66% 16.03% 0.62%
Consumer Discretionary 10.15% 10.74% -0.59%
Materials 7.52% 4.25% 3.27%
Industrials 5.92% 10.54% -4.63%
Communication Services 2.73% 7.51% -4.78%
Consumer Staples 2.56% 6.72% -4.16%
Energy 2.20% 4.50% -2.29%
Real Estate 0.00% 2.22% -2.22%
Utilities 0.00% 2.53% -2.53%
Cash 1.20% 0.00% 1.20%

Market cap breakdown

Data as at 31 January 2024
Portfolio Benchmark Relative
Large Cap 82.68% 94.73% -12.05%
Medium Cap 16.13% 5.27% 10.85%
Small Cap 0.00% 0.00% 0.00%
Cash 1.20% 0.00% 1.20%

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 27/02/2024 A EUR EUR Ireland IE00B3DBRP41 4.275 -0.007
Global Equities JOHCM Global Select Fund 27/02/2024 A GBP GBP Ireland IE00B3DBRN27 4.545 -0.002
Global Equities JOHCM Global Select Fund 27/02/2024 A USD USD Ireland IE00B3T31Z22 2.378 -0.002
Global Equities JOHCM Global Select Fund 27/02/2024 B EUR EUR Ireland IE00B3DBRM10 4.108 -0.006
Global Equities JOHCM Global Select Fund 27/02/2024 B GBP GBP Ireland IE00B3DBRL03 4.346 -0.002
Global Equities JOHCM Global Select Fund 27/02/2024 B USD USD Ireland IE00B5L7L670 2.692 -0.003
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 27/02/2024 Z - Class GBP GBP Ireland IE00B3DCMB82 3.282 -0.002
Global Equities JOHCM Global Select Fund Z - Class USD Ireland IE00B4V7J004

Dividend Rates

Funds paying quarterly dividends

JOHCM UK Equity Income Fund

Share class Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23
A distributing GBP 1.2881 1.9828 3.4453 3.1410 1.8309 2.1053 3.2723 3.4292
A accumulating GBP 2.8152 4.3509 7.6541 7.1149 4.2268 4.9097 7.7197 8.2427
B distributing GBP  1.1897 1.8271 3.1746 2.8895 1.6822 1.9315 3.0000 3.1395
B accumulating GBP 2.6020 4.0228 7.0604 6.5526 3.8884 4.5096 7.0851 7.5529
Y distributing GBP 0.8697 1.3383 2.3274 2.1211 1.2376 1.4237 2.2134 2.3200
Y accumulating GBP 1.1364 1.7602 3.0924 2.8757 1.7088 1.9315 3.1230 3.3359

Dividends are quoted and paid in pence per share

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

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

Funds paying semi-annual dividends

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

JOHCM UK Dynamic Fund (Onshore)

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 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

Distribution of income occur on or before 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

  • 07 Feb 2024

    Vice Versa: Three Reversions to Watch Out For in 2024

    Performance in 2023 was highly concentrated. We think this year’s winners may be very different.

    Read More
  • 18 Jan 2024

    GLS Q4 2023 - Will Markets Go Vice Versa in 2024?

    Expect outperformance from small-mid caps, emerging markets and Japan

    Read More
  • 05 Dec 2023

    Tokyo Story

    Japan's Surging Appeal as Investors Look for Diversification amid China's Economic Troubles

    Read More
  • 22 Oct 2023

    JOHCM Global Select Q3 2023 update

    Watch senior fund manager Chris Lees analyse fund performance and discuss his views on the market and current outlook

    Read More
  • 12 Apr 2023

    JOHCM Global Select Q1 2023 Update

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

    Read More
  • 27 Jan 2023

    Looking into 2023

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

    Read More
  • 08 Jul 2022

    Quarterly Update from Christopher Lees

    "Beware good houses in bad neighborhoods..."

    Read More
  • 19 Mar 2020

    Think like a scientist - but which one and when?

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

    Read More
  • 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. 

    Read More

Webcasts & Videos

  • Out of China…into Where?

    27 Oct 2023 | 29 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
JOHCM Global Select Shariah Fund

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

Read More
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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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