JOHCM European Select Values Fund J O Hambro Capital Management (JOHCM)

Fund Description

Fund manager Robrecht Wouters has a highly selective, valuation-oriented investment style, which focuses on undervalued pan-European companies that generate high returns on capital. His stock-picking approach is unconstrained by benchmark weightings and combines traditional ‘value’ investing (focusing on attractive valuations) and ‘quality’ characteristics, such as high return on capital employed.

As part of our commitment to managing fund capacity and preserving liquidity, we are no longer marketing the Fund to new intermediaries.

Investment Strategy

Robrecht uses a disciplined, bottom-up stock selection process to find companies that he believes to be fundamentally undervalued
The investment approach is highly selective, focusing on cash flow generation and return on equity
The quality of the companies’ business models, rather than changes in earnings per share, is also essential; Robrecht believes that, over time, value companies with high ROCE and strong cash flow should outperform
In Robrecht’s view, a portfolio with higher quality companies and ideas, which are strong in conviction, provides greater potential for capital appreciation
Please note that this fund, under UCITS regulations, makes use of derivatives for the purpose of efficient portfolio management only. For further information on his derivatives use, please contact JOHCM Investor Relations.

Reasons To Invest

Robrecht has a very strong long-term track record and is a true value stock picker
The focus on quality and value factors typically leads to a low absolute volatility of returns despite the portfolio being fairly concentrated, with typically 40-50 stocks
The fund is aimed at investors who want to invest in a long-term, absolute return-orientated fund

Robrecht Wouters

Senior Fund Manager
Luis Fañanas

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.

The Funds investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Other European Equity Funds

JOHCM Continental European Fund

Paul Wild manages this long-established fund with a pragmatic investment process that combines top-down economic and sector views with bottom-up stock picking. The Fund’s core style and risk profile has enabled it to outperform in both up and down markets and helped to build a market-leading performance track record since the Fund’s launch in 2

JOHCM European Concentrated Value Fund

The Fund was launched in Q1 2015 as a large-cap, concentrated version of the highly successful JOHCM European Select Values Fund (ESV). Managed by experienced European equity investors Robrecht Wouters, long-standing lead manager of the ESV fund, and Luis Fananas, the duo have a highly selective, valuation-oriented investment approach which foc

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Investment Objective

The Fund aims to achieve long-term capital appreciation by investing in the equity securities of companies listed primarily on exchanges in Europe, including the UK.

Fund details

Data as at 31 May 2021

Fund size

GBP 793.76m

Strategy size

GBP 920.48m (as at 31 March 2021)

Benchmark

MSCI Europe NR 12pm adjusted

Domicile

Ireland

Denomination

GBP, EUR

Share classes

A GBP	(Launch date) 07-May-2003
A EUR	(Launch date) 07-May-2003
B GBP	(Launch date) 07-May-2003
B EUR	(Launch date) 07-May-2003
Y EUR	(Launch date) 04-March-2021

Unit type

Distribution

XD Date

31 December

Payment date

28 February

Minimum investment

A	GBP 1,000
B	GBP 1,000

Valuation point

Daily (12pm, UK time)

Dealing frequency

Daily 9-5pm

Fund codes

	ISIN	SEDOL
A GBP	IE0032904223	3290422
A EUR	IE0032904330	3290433
B GBP	IE0032904009	3290400
B EUR	IE0032904116	3290411
Y EUR	IE00BMXC8L31	BMXC8L3

Fees and charges

Initial charge	Up to 5%
Annual mgmt charge (A)	0.75%
Annual mgmt charge (B)	1.25%
Performance fee	15% on excess if Fund outperforms benchmark, calculated daily. Any underperformance carried forward. This fee applies to all share classes.

Administration

Status	UCITS
Investment manager	J O Hambro Capital Management
Transfer agent and registrar	RBC Investor Services Limited
Depositary	RBC Investor Services Limited

Strategy Highlights

As at 31 May 2021

European equities continued to rally for a fourth consecutive month and broke new highs after a stellar +3% in May. Prospects of economic recovery intensified but rising inflation concerns as input cost pressures surfaced led to increased volatility. The Fund performed in-line with markets.

We note particularly strong performance contributions from Meyer Burger (solar panels) and Swatch Group (luxury watches). Both were up 18% with no company specific news. These positives were partially offset by a 12% decline in ThyssenKrupp’s share price (despite encouraging quarterly results).

Portfolio activity was limited with no new purchases nor sales to report. With an estimated weighted upside to intrinsic value of our existing investments of +72.9% (still) we can afford to be patient and very selective.

We are always working on new investment ideas, however, the significant upside of our existing investments sets a high hurdle for possible new large-cap entrants. With equity markets at all-time highs, a disciplined value approach is more important than ever.

Fund Reporting

Monthly Portfolio Review

KIIDs
(Key Investor Information Documents)

A GBP	A EUR
B GBP	B EUR
Y EUR
xx EUR - Non Dist

Percentage growth of the fund versus benchmark

Data as at 31 May 2021

A GBP share class, since launch (5 May 2003)

Return history (%)

Data as at 31 May 2021

Standardised Performance

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

	Mar 16 - Mar 17	Mar 17 - Mar 18	Mar 18 - Mar 19	Mar 19 - Mar 20	Mar 20 - Mar 21
Fund	25.25%	-0.50%	-1.39%	-24.48%	46.14%

Monthly returns (%)

Data as at 31 May 2021

		Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Annual	Since inception
Fund	2003					0.80	4.66	4.55	7.71	0.25	5.29	0.24	2.63	29.00
Benchmark	2003					-0.05	1.39	2.63	2.60	-2.15	3.38	2.80	4.29	15.73
Fund	2004	3.33	3.00	-3.93	2.58	-3.25	3.82	-5.37	-0.54	2.97	2.66	5.77	2.17	13.26
Benchmark	2004	0.29	0.67	-2.87	2.72	-1.62	2.78	-3.46	1.74	3.72	1.99	4.64	1.22	12.07
Fund	2005	1.64	3.70	-0.58	-3.66	4.20	3.58	7.79	-0.82	2.76	-6.23	7.01	6.04	27.38
Benchmark	2005	-0.15	3.30	-0.49	-3.44	5.14	2.62	6.34	-1.39	4.48	-3.67	5.02	3.74	22.94
Fund	2006	5.37	3.11	4.55	1.61	-6.84	0.75	-0.30	0.80	4.69	2.22	1.48	2.86	21.60
Benchmark	2006	3.03	2.48	3.82	0.52	-6.19	2.24	1.18	1.26	2.65	2.08	1.05	2.16	17.11
Fund	2007	3.89	0.26	4.62	4.01	2.85		-4.02	-2.17	2.75	-0.16	-2.01	3.45	13.83
Benchmark	2007	0.78	0.50	2.45	5.04	2.93	-2.05	-2.80	-0.42	4.57	2.89	-1.67	1.66	14.38
Fund	2008	-10.29	-0.87	-2.44	1.67	-0.71	-12.64	-6.39	7.37	-10.12	-14.15	-0.66	14.73	-32.36
Benchmark	2008	-11.69	3.60	-0.62	5.21	1.76	-10.02	-0.89	3.56	-13.26	-15.78	1.57	13.49	-24.30
Fund	2009	-7.35	-6.80	8.10	12.61	2.32	-0.89	9.73	9.42	7.73	0.35	1.29	4.21	46.05
Benchmark	2009	-10.67	-10.38	5.38	12.00	2.75	-3.15	8.45	8.93	6.44	-2.42	1.17	3.35	20.64
Fund	2010	-3.39	4.22	8.47	-2.54	-6.02	-2.90	3.57	-2.76	10.34	4.42	-1.45	10.47	22.73
Benchmark	2010	-6.13	2.66	7.93	-3.17	-6.55	-4.29	6.50	-3.58	9.44	2.90	-4.10	7.87	7.76
Fund	2011	-1.63	1.79	2.99	3.51	0.59		-6.32	-7.47	-4.96	9.43	-7.01	1.44	-8.68
Benchmark	2011	1.14	1.32	0.97	3.94	-1.89	-0.24	-4.89	-10.36	-5.77	10.92	-7.02	2.18	-10.87
Fund	2012	3.77	5.14	0.37	-3.29	-6.28	3.22	2.05	3.16	2.11	2.07	1.90	2.63	17.55
Benchmark	2012	4.36	5.26	-1.86	-3.44	-6.96	4.35	2.81	3.18	1.64	2.02	2.34	1.47	15.47
Fund	2013	9.16	3.77	1.79	-1.02	3.16	-2.34	8.78	-1.52	0.41	4.50	-0.86	0.89	29.27
Benchmark	2013	8.45	1.08	-0.11	1.72	3.08	-4.81	6.57	-1.96	1.49	5.49	-0.61	0.80	22.49
Fund	2014	-4.06	4.49	1.77	0.05	2.46	-2.42	-2.60	2.30	-2.59	-1.27	6.31	-1.66	2.24
Benchmark	2014	-3.99	5.78	0.14	0.91	1.58	-2.09	-1.94	1.59	-1.67	-1.00	4.08	-3.13	-0.22
Fund	2015	2.61	2.74	2.69	0.29	2.43	-7.11	2.20	-4.65	-0.97	4.56	1.97	0.18	6.47
Benchmark	2015	4.08	2.64	2.09	-0.18	1.76	-6.01	1.94	-5.33	-3.00	5.11	1.12	-0.99	2.57
Fund	2016	-1.27	4.00	3.03	-0.39	-0.26	4.72	6.10	1.78	0.37	3.29	-5.54	5.83	23.16
Benchmark	2016	-4.32	1.18	3.26	1.17	-0.41	2.37	6.24	2.19	-0.01	4.75	-4.08	5.61	18.75
Fund	2017	1.76	1.48	4.18	1.63	4.07	-0.41	0.12	1.26	-1.08	1.51	-1.57	0.90	14.55
Benchmark	2017	1.42	0.84	3.69	0.71	5.23	-1.33	0.85	1.74	-0.69	1.93	-1.06	0.52	14.53
Fund	2018	0.38	-3.32	-3.71	1.53	1.33	-1.21	2.81	0.95	-0.02	-5.82	-1.27	-5.34	-13.25
Benchmark	2018	1.01	-3.51	-2.99	5.11	0.51	-0.35	3.74	-1.45	-0.55	-5.60	-0.61	-4.80	-9.60
Fund	2019	2.81	1.84	1.45	5.42	-4.83	5.62	0.49	-4.90	-0.91	-5.73	0.47	0.81	1.77
Benchmark	2019	3.74	1.79	2.14	4.26	-2.57	5.85	2.61	-2.04	0.95	-1.67	1.96	1.36	19.58
Fund	2020	-4.45	-6.49	-11.78	8.41	7.90	2.69	-1.27	3.94	-0.82	-8.03	18.70	4.72	10.17
Benchmark	2020	-1.67	-7.40	-12.09	6.86	5.77	3.50	-1.34	1.75	-0.47	-6.27	14.71	1.90	2.51
Fund	2021	0.03	2.84	1.62	3.61	1.69								10.15	613.17
Benchmark	2021	-1.52	0.28	4.22	3.62	1.91								8.69	344.31

Source and notes

JOHCM/MSCI Barra/FTSE Group/Bloomberg/Lipper.

Data shown net of fees, net income reinvested.Please note that fund performance is shown against the MSCI Europe NR 12pm adjusted in GBP. Performance of other share classes may vary and is available on request. Data for the period 7 May 2003 to 31 December 2012 is shown against the FTSE Eurofirst 300 TR Index. Where shown, monthly returns table shows compounded discrete monthly performance.

Disclaimer

Fund statistics

Data as at 31 May 2021

Fund size	GBP 793.76m
Number of holdings	40

Top 10 holdings and active weights

Data as at 31 May 2021

Top 10 holdings

Liberty Global	4.96%
Meyer Burger	4.51%
Oracle	4.38%
Heineken	4.05%
SWATCH GROUP INH	3.96%
Corbion	3.90%
Metro Wholesale & Foods	3.79%
Danone	3.68%
CONTINENTAL	3.46%
Aryzta	3.19%

Top 10 active weights

Liberty Global	+4.96%
Meyer Burger	+4.51%
Oracle	+4.38%
Heineken	+3.94%
Corbion	+3.90%
SWATCH GROUP INH	+3.87%
Metro Wholesale & Foods	+3.79%
CONTINENTAL	+3.32%
Danone	+3.26%
Aryzta	+3.19%

Sector breakdown

Data as at 31 May 2021

	Portfolio	Benchmark	Relative
Consumer Staples	21.98%	12.79%	9.19%
Industrials	13.71%	14.77%	-1.06%
Consumer Discretionary	13.69%	12.26%	1.43%
Materials	13.48%	8.32%	5.16%
Communication Services	13.00%	3.93%	9.07%
Health Care	10.84%	13.45%	-2.61%
Information Technology	8.90%	8.05%	0.84%
Energy	3.86%	4.34%	-0.48%
Financials	0.00%	16.35%	-16.35%
Real Estate	0.00%	1.34%	-1.34%
Utilities	0.00%	4.39%	-4.39%
Cash	0.54%	0.00%	0.54%

Market cap breakdown

Data as at 31 May 2021

	Portfolio	Benchmark	Relative
Large Cap	55.59%	99.73%	-44.14%
Medium Cap	17.85%	0.27%	17.58%
Small Cap	26.07%	0.00%	26.07%
Cash	0.54%	0.00%	0.49%

Fund	As at noon	Share class	Currency	Domicile	Sedol number	NAV per share	Change
JOHCM Asia ex Japan Fund	18/06/2021	A	GBP	Ireland	B3RQ272	2.956	0.020
		A	USD	Ireland	B435PM6	2.568	0.009
		A	EUR	Ireland	B431KK7	2.908	0.017
		B	EUR	Ireland	B5L49R5	2.942	0.018
		B	GBP	Ireland	B3ZQS76	2.904	0.020
		B	USD	Ireland	BF7NZT0	2.604	0.009
		Z	GBP	Ireland	B44PG77	2.101	0.015
		Z	USD	Ireland	BVG7681	1.718	0.006
JOHCM Asia ex Japan Small and Mid Cap Fund	18/06/2021	A	GBP	Ireland	B6R5LS4	2.989	0.040
		A	USD	Ireland	B6R5QW3	2.760	0.028
		A	EUR	Ireland	B6R5VD9	2.644	0.032
		B	GBP	Ireland	B6R63P8	2.922	0.039
		B	USD	Ireland	B6R5YM9	2.636	0.026
		B	EUR	Ireland	B6R5HM0	2.994	0.036
		Z	GBP	Ireland	B4X3T62	2.262	0.030
JOHCM Continental European Fund	18/06/2021	A	GBP	Ireland	3300912	5.446	-0.065
		A	USD	Ireland	BJ4G0G2	1.721	-0.020
		A	EUR	Ireland	3300923	4.433	-0.058
		A Hedged	GBP	Ireland	BSJCJ49	1.501	-0.019
		B	GBP	Ireland	3100543	5.251	-0.062
		B	USD	Ireland	BJ4G0H3	1.753	-0.022
		B	EUR	Ireland	3300901	4.464	-0.057
		Y	GBP	Ireland	B993PD0	2.006	-0.024
		Y	EUR	Ireland	B98YKX9	1.708	-0.022
		Y Hedged	GBP	Ireland	BSJCJ50	1.568	-0.020
JOHCM European Concentrated Value Fund	18/06/2021	A	EUR	Ireland	BW0DJY9	1.165	-0.007
		B	EUR	Ireland	BW0DJZ0	1.158	-0.007
		Z	AUD	Ireland	BYNJFM8	1.328	-0.006
		Z	EUR	Ireland	BYNJFN9	1.074	-0.005
JOHCM European Select Values Fund	18/06/2021	A	GBP	Ireland	3290422	6.188	-0.040
		A	EUR	Ireland	3290433	4.015	-0.032
		B	GBP	Ireland	3290400	5.665	-0.037
		B	EUR	Ireland	3290411	2.687	-0.021
		Non-Distributing	EUR	Ireland	BSFWK51	1.491	-0.011
		X	EUR	Ireland	B4K14L9	1.923	-0.014
		Y	EUR	Ireland	BMXC8L3	1.079	-0.009
JOHCM Global Emerging Markets Opportunities Fund	18/06/2021	A	GBP	Ireland	B4002N4	1.579	-0.003
		A	USD	Ireland	B4M6CN0	1.415	-0.008
		A	EUR	Ireland	B3ZBLW7	1.733	-0.004
		B	GBP	Ireland	B41RZ57	1.518	-0.002
		B	USD	Ireland	B4XXMP2	1.848	-0.010
		B	EUR	Ireland	B4TRCR0	1.711	-0.005
		Y	GBP	Ireland	BYSGJY4	1.902	-0.004
		Y	USD	Ireland	BYSGJZ5	1.723	-0.008
		Z	GBP	Ireland	B6R54W9	1.990	-0.003
		Z	CAD	Ireland	BBPK0L2	1.840	-0.003
		Z	AUD	Ireland	B5W6ZB6	2.151	-0.002
JOHCM Global Income Builder Fund	18/06/2021		GBP	Ireland	BFZWPH7	1.124	-0.002
		A	SGD	Ireland	BFZWPG6	1.102	-0.005
		A	GBP	Ireland	BFZWPC2	1.073	-0.002
		A	USD	Ireland	BFZWPF5	1.111	-0.006
		A	EUR	Ireland	BFZWPD3	1.105	-0.004
		B	EUR	Ireland	BFZWPJ9	1.069	-0.003
		EUR	EUR	Ireland	BKF2GH9	0.983	-0.003
		GBI	GBP	Ireland	BHR0DJ1	1.105	-0.002
JOHCM Global Opportunities Fund (offshore)	18/06/2021	A	GBP	Ireland	B89PQM5	2.271	-0.003
		A	USD	Ireland	B89JY23	2.358	-0.011
		A	EUR	Ireland	B7MR557	2.510	-0.005
		B	GBP	Ireland	BF7NZS9	2.499	-0.002
		B	USD	Ireland	B8295C7	2.243	-0.010
		B	EUR	Ireland	B80FZF0	2.308	-0.006
		IHX	EUR	Ireland	BFZWWX2	1.133	-0.006
		X	GBP	Ireland	BQVC9L0	1.940	-0.002
		X	EUR	Ireland	BMCZLF8	1.228	-0.002
		X	EUR	Ireland	BJ5JW42	1.145	-0.002
		X Hedged	GBP	Ireland	BF29TX5	1.211	-0.005
		Z	GBP	Ireland	B83MS15	0.904	-0.001
		Z	GBP	Ireland	BD6R4D6	1.720	-0.001
		Z	EUR	Ireland	BDZD4M4	1.128	-0.003
JOHCM Global Opportunities Fund (onshore)	18/06/2021	A Accumulating	GBP	UK	BJ5JMC0	1.166	-0.001
		A Distributing	GBP	UK	BJ5JMD1	1.120	-0.002
		AHA	GBP	UK	BKDV8G1	1.211	-0.006
		X Accumulating	GBP	UK	BJ5JMF3	1.134	-0.001
		X Distributing	GBP	UK	BJ5JMG4	1.118	-0.001
JOHCM Global Select Fund	18/06/2021	A	GBP	Ireland	B3DBRN2	4.630	0.024
		A	USD	Ireland	B3T31Z2	2.651	0.004
		A	EUR	Ireland	B3DBRP4	4.347	0.018
		B	GBP	Ireland	B3DBRL0	4.455	0.022
		B	USD	Ireland	B5L7L67	3.023	0.005
		B	EUR	Ireland	B3DBRM1	4.201	0.016
		Z	GBP	Ireland	B3DCMB8	3.326	0.017
		Z	USD	Ireland	B4V7J00	2.982	0.005
JOHCM Japan Fund	18/06/2021	A	GBP	Ireland	B00X0H5	2.498	-0.021
		A	EUR	Ireland	3438880	1.844	-0.018
		A Hedged	GBP	Ireland	B5LD7P6	1.830	-0.025
		A JPY	JPY	Ireland	3438891	368.648	-4.871
		B	GBP	Ireland	3438846	2.436	-0.022
		B	EUR	Ireland	3438857	1.787	-0.017
		B Hedged	GBP	Ireland	B6386R1	1.833	-0.024
		B JPY	JPY	Ireland	3438868	364.208	-4.698
JOHCM UK Dynamic Fund (onshore)	18/06/2021	Y	GBP	Ireland	BDGKPZ4	0.977	-0.011
JOHCM UK Dynamic Fund (onshore)	18/06/2021	A Accumulating	GBP	UK	B4T7HR5	2.693	-0.029
		A Distributing	GBP	UK	B4T8552	1.882	-0.020
		B Accumulating	GBP	UK	B4T7JX5	2.988	-0.033
		B Distributing	GBP	UK	B4TXJ33	1.711	-0.019
		X Accumulating	GBP	UK	BJ7HNB8	1.050	-0.011
		X Distributing	GBP	UK	BJ5JMB9	0.981	-0.010
		Y	GBP	UK	BDZRJ21	1.180	-0.013
		Y Accumulating	GBP	UK	BDZRJ10	1.553	-0.017
JOHCM UK Equity Income Fund	18/06/2021	A Accumulating	GBP	UK	B03KR50	4.051	-0.054
		A Distributing	GBP	UK	B03KP23	1.907	-0.026
		B Accumulating	GBP	UK	B03KR83	3.752	-0.051
		B Distributing	GBP	UK	B03KR61	1.765	-0.024
		X Distributing	GBP	UK	BYV9S21	0.951	-0.013
		Y	GBP	UK	B95FCK6	1.287	-0.017
		Y Accumulating	GBP	UK	B8FCHK5	1.635	-0.022
JOHCM UK Growth Fund	18/06/2021	A	GBP	Ireland	3300934	4.192	-0.039
		B	GBP	Ireland	3100554	3.651	-0.034
		REU	EUR	Ireland	BLLV8D7	2.280	-0.025
		RUD	USD	Ireland	BLLV8C6	2.526	-0.034
		X	USD	Ireland	BLLV871	2.535	-0.034
		X	EUR	Ireland	BLLV8B5	2.123	-0.021
		X	EUR	Ireland	BLLV882	2.287	-0.026
		X	GBP	Ireland	BLLV893	2.101	-0.021
JOHCM UK Opportunities Fund	18/06/2021	A Accumulating	GBP	UK	B0LLB64	3.287	-0.020
		A Distributing	GBP	UK	B3K76Q9	2.159	-0.013
		B Accumulating	GBP	UK	B0LLB75	3.058	-0.019
		B Distributing	GBP	UK	B3K76P8	2.036	-0.013
		X Accumulating	GBP	UK	BQJZQQ5	1.512	-0.009
		X Distributing	GBP	UK	B95MSF4	1.224	-0.007
		Y	GBP	UK	B95J5C1	1.453	-0.009
		Y Accumulating	GBP	UK	B95HP81	1.838	-0.012
Regnan Global Equity Impact Solutions Fund (offshore)	18/06/2021		GBP	Ireland	BN2BDR9	0.964	0.002
			USD	Ireland	BN2BDV3	0.984	-0.002
		A	GBP	Ireland	BN2BD80	0.958	0.001
		A	USD	Ireland	BN2BDC4	0.980	-0.002
		A	EUR	Ireland	BN2BD91	0.997	0.002
		B	GBP	Ireland	BN2BDD5	0.956	0.001
		B	USD	Ireland	BN2BDH9	0.977	-0.002
		B	EUR	Ireland	BN2BDF7	0.994	0.001
		EUR	EUR	Ireland	BN2BDS0	1.001	0.000
		HSE	EUR	Ireland	BN2BDT1	0.979	-0.002
		IHX	EUR	Ireland	BN2BDB3	0.978	-0.001
		RHX	EUR	Ireland	BN2BDG8	0.972	-0.002
		Z	GBP	Ireland	BN2BDN5	0.961	0.002
Regnan Global Equity Impact Solutions Fund (onshore)	18/06/2021	A Accumulating	GBP	UK	BMCZDD0	1.120	0.002
		DNA	GBP	UK	BMCZDJ6	1.126	0.002
		Y Accumulating	GBP	UK	BMCZDK7	1.122	0.002

Dividend Rates

Funds paying monthly dividends

JOHCM Global Income Builder Fund

Share class	07/20	08/20	09/20	10/20	11/20	12/20	01/21	02/21	03/21	04/21	05/21	06/21
A GBP	0.4554	0.4276	0.3871	0.4592	0.4016	0.4363	0.4312	0.3200	0.3071	0.3763	0.3485	0.3257
A EUR	0.4551	0.4180	0.3838	0.4431	0.3928	0.4289	0.4233	0.3205	0.3138	0.3899	0.3554	0.3336
A USD	0.4212	0.4154	0.3885	0.4393	0.3865	0.4335	0.4393	0.3270	0.3191	0.3864	0.3605	0.3443
A SGD	0.4323	0.4224	0.3895	0.4425	0.3899	0.4296	0.4274	0.3217	0.3140	0.3844	0.3558	0.3364
B EUR	0.4351	0.4083	0.3745	0.4319	0.3826	0.4174	0.4115	0.3114	0.3046	0.3781	0.3443	0.3229
Seed	0.4752	0.4464	0.3402	0.3929	0.3484	0.3806	0.3757	0.2846	0.2787	0.3464	0.3159	0.2966

Net dividends quoted in the local share class currency.

If you require the dividends for previous time periods, please contact RBC directly on 00353 14406555 or by fax on 00353 16131132 (0845 450 1974 and 02077475690 have been disabled).

Funds paying quarterly dividends

JOHCM UK Equity Income Fund

Share class	Q4 18	Q1 19	Q2 19	Q3 19	Q4 19	Q1 20	Q2 20	Q3 20	Q4 20	Q1 21
A distributing GBP	1.9368	2.0957	3.6523	2.7970	2.0409	1.5930	1.1154	1.2632	1.0771	1.1681
A accumulating GBP	3.6835	4.0293	7.1000	5.5449	4.1082	3.2391	2.2958	2.6218	2.2581	2.4649
B distributing GBP	1.8139	1.9597	3.4124	2.6093	1.9017	1.4790	1.0379	1.1739	0.9997	1.0825
B accumulating GBP	3.4588	3.7777	6.6508	5.1861	3.8367	3.0210	2.1395	2.4391	2.0980	2.2869
Y distributing GBP	1.3028	1.4102	2.4582	1.8832	1.3744	1.0730	0.7534	0.8514	0.7263	0.9944
Y accumulating GBP	1.4823	1.6220	2.8588	2.2334	1.6547	1.3051	0.9242	1.0570	0.5363	0.7879

Dividends are quoted and paid in pence per share

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

The quarterly table above shows the last two years net dividends (on a XD rather than a paid basis) for this fund. If you require the dividends for previous time periods, please contact RBC directly on 00353 14406555 or by fax on 00353 16131132 (0845 450 1974 and 02077475690 have been disabled).

Funds paying annual dividends

All funds have a XD date of 31 December 2020 and pay date of 28 February 2021.

JOHCM Asia ex Japan Fund

Share class	Currency	Pay date	Dividend paid in	Dividend rate
A	GBP	28 Feb 2021	pence per share	0.0000
A	EUR	28 Feb 2021	cents per share	0.0000
A	USD	28 Feb 2021	cents per share	0.0000
B	GBP	28 Feb 2021	pence per share	0.0000
B	EUR	28 Feb 2021	cents per share	0.0000
B	USD	28 Feb 2021	cents per share	0.0000
Z	GBP	28 Feb 2021	cents per share	1.3082
Z	USD	28 Feb 2021	cents per share	1.0517

JOHCM Asia ex Japan Small and Mid Cap Fund

Share class	Currency	Pay date	Dividend paid in	Dividend rate
A	GBP	28 Feb 2021	pence per share	0.0174
A	EUR	28 Feb 2021	cents per share	0.0000
A	USD	28 Feb 2021	cents per share	0.0000
B	GBP	28 Feb 2021	pence per share	0.0000
B	EUR	28 Feb 2021	cents per share	0.0000
B	USD	28 Feb 2021	cents per share	0.0000
Z	GBP	28 Feb 2021	cents per share	0.5072

JOHCM Concentrated Global Share Fund

Share class	Currency	Pay date	Dividend paid in	Dividend rate
A	GBP	28 Feb 2021	pence per share	0.4259

JOHCM Continental European Fund

Share class	Currency	Pay date	Dividend paid in	Dividend rate
A	GBP	28 Feb 2021	pence per share	5.8996
A	EUR	28 Feb 2021	cents per share	4.5760
A - hedge	GBP	28 Feb 2021	pence per share	1.5657
B	GBP	28 Feb 2021	pence per share	3.5824
B	EUR	28 Feb 2021	cents per share	2.9017
B - hedge	USD	28 Feb 2021	cents per share	0.7325
Y	GBP	28 Feb 2021	pence per share	2.3739
Y - hedge	GBP	28 Feb 2021	pence per share	1.7895
Y	EUR	28 Feb 2021	cents per share	1.9265

JOHCM European Select Values Fund

Share class	Currency	Pay date	Dividend paid in	Dividend rate
A	GBP	28 Feb 2021	pence per share	5.8627
A	EUR	28 Feb 2021	cents per share	3.6253
B	GBP	28 Feb 2021	pence per share	3.1469
B	EUR	28 Feb 2021	cents per share	1.4223

JOHCM European Concentrated Value Fund

Share class	Currency	Pay date	Dividend paid in	Dividend rate
A	EUR	28 Feb 2021	cents per share	1.0427
B	USD	28 Feb 2021	cents per share	0.7018
B	EUR	28 Feb 2021	cents per share	0.5797
Z	EUR	28 Feb 2021	cents per share	1.5956

JOHCM Global Emerging Markets Opportunities Fund

Share class	Currency	Pay date	Dividend paid in	Dividend rate
A	GBP	28 Feb 2021	pence per share	1.6723
A	EUR	28 Feb 2021	cents per share	1.7483
A	USD	28 Feb 2021	cents per share	1.4737
B	GBP	28 Feb 2021	pence per share	0.8550
B	EUR	28 Feb 2021	cents per share	0.9178
B	USD	28 Feb 2021	cents per share	1.0224
Y	GBP	28 Feb 2021	pence per share	2.2520
Y	USD	28 Feb 2021	cents per share	2.0030
Z	GBP	28 Feb 2021	cents per share	3.5880

JOHCM Global Opportunities Fund

Share class	Currency	Pay date	Dividend paid in	Dividend rate
A	GBP	28 Feb 2021	pence per share	4.7894
A	EUR	28 Feb 2021	cents per share	5.0441
A	USD	28 Feb 2021	cents per share	4.8886
B	GBP	28 Feb 2021	pence per share	5.3099
B	EUR	28 Feb 2021	cents per share	4.6750
B	USD	28 Feb 2021	cents per share	4.6865
A - hedged	EUR	28 Feb 2021	cents per share	2.2077
X	GBP	28 Feb 2021	cents per share	4.0923
Z	GBP	28 Feb 2021	cents per share	1.8925
X - hedged	GBP	28 Feb 2021	cents per share	2.3159
X	EUR	28 Feb 2021	cents per share	2.2293

JOHCM Global Select Fund

Share class	Currency	Pay date	Dividend paid in	Dividend rate
A	GBP	28 Feb 2021	pence per share	0.0000
A	EUR	28 Feb 2021	cents per share	0.0000
A	USD	28 Feb 2021	cents per share	0.0000
B	GBP	28 Feb 2021	pence per share	0.0000
B	EUR	28 Feb 2021	cents per share	0.0000
B	USD	28 Feb 2021	cents per share	0.0000
Z	GBP	28 Feb 2021	cents per share	2.1310

JOHCM Japan Fund

Share class	Currency	Pay date	Dividend paid in	Dividend rate
A	GBP	28 Feb 2021	pence per share	2.8241
A	EUR	28 Feb 2021	cents per share	1.9872
A	JPY	28 Feb 2021	yen per share	382.8007
A - hedged	GBP	28 Feb 2021	pence per share	1.8023
B	GBP	28 Feb 2021	pence per share	1.6848
B	EUR	28 Feb 2021	cents per share	1.1929
B	JPY	28 Feb 2021	yen per share	231.4128
B - hedged	GBP	28 Feb 2021	pence per share	1.0995

JOHCM UK Dynamic Fund

Share class	Currency	Pay date	Dividend paid in	Dividend rate
A - distributing	GBP	28 Feb 2021	pence per share	4.5474
A - accumulating	GBP	28 Feb 2021	pence per share	6.3294
B - distributing	GBP	28 Feb 2021	pence per share	4.1566
B - accumulating	GBP	28 Feb 2021	pence per share	7.0581
Y - distributing	GBP	28 Feb 2021	pence per share	2.8496
Y - accumulating	GBP	28 Feb 2021	pence per share	3.6465
Y	GBP	28 Feb 2021	pence per share	2.2768

JOHCM UK Growth Fund

Share class	Currency	Pay date	Dividend paid in	Dividend rate
A	GBP	28 Feb 2021	pence per share	2.2139
B	GBP	28 Feb 2021	pence per share	0.6152
X	GBP	28 Feb 2021	pence per share	0.3146

JOHCM UK Opportunities Fund

Share class	Currency	Pay date	Dividend paid in	Dividend rate
A - distributing	GBP	28 Feb 2021	pence per share	4.7354
A - accumulating	GBP	28 Feb 2021	pence per share	7.0433
B - distributing	GBP	28 Feb 2021	pence per share	4.4936
B - accumulating	GBP	28 Feb 2021	pence per share	6.5893
Y - accumulating	GBP	28 Feb 2021	pence per share	3.9303
Y - distributing	GBP	28 Feb 2021	pence per share	3.1829

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.

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