Alex Savvides
Senior Fund Manager
Stock picker Alex Savvides aims to profit from understanding and backing positive corporate change, change that is often misunderstood or under-appreciated by the stock market. The Fund may therefore feature a mixture of restructuring/recovery plays, cheap or hidden growth and other more general special situations. The fact that each stock held within the Fund must pay a dividend or be expected to do so by Alex within the next 12 months gives the Fund attractive yield characteristics.
Please note that with effect from 1 January 2022, this fund will make semi-annual distributions.
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 annual management charge is deducted from the capital of the Fund. This will increase the income from the Fund but may constrain or erode potential for capital growth. 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.
Established stock pickers James Lowen and Clive Beagles operate a strict yield discipline: they only buy stocks that they believe will yield more than the FTSE All-Share Index on a prospective basis, although every stock held must also have the potential for capital appreciation. This focus on higher-yielding stocks leads to a naturally cont...
Read MoreMark Costar and Vishal Bhatia aim to identify mispriced or undiscovered growth stocks that typically reside in one of three categories: the clear and unassailable market leader, the innovator or market disruptor and the supply side beneficiary. The Fund typically has a small-cap bias and contains stocks that have a high margin of safety...
Read MoreFund managers Rachel Reutter and Michael Ulrich, supported by experienced analysts Roshni Bolton and Eoghan Reid, run a concentrated portfolio of best-in-class UK large and mid-cap companies.
They invest in companies with reliable cashflows which they expect and encourage management to invest back into their businesses to sustain futur...
Read MoreStock picker Alex Savvides aims to profit from understanding and backing positive corporate change, change that is often misunderstood or under-appreciated by the stock market. The Fund may therefore feature a mixture of restructuring/recovery plays, cheap or hidden growth and other more general special situations. The fact that each stock h...
Read MoreThe objective of the JOHCM UK Dynamic Fund is to achieve long-term capital growth. The Fund will aim to achieve this objective mainly through investments primarily drawn from companies listed on either of the two primary markets of the London Stock Exchange: the main market and AIM. At least 75% of the Fund’s assets will, at all times, be invested in equity securities of companies domiciled or exercising a predominant part of their economic activity in the United Kingdom. On occasion the Fund may utilise this position to invest a proportion of its assets in equities listed on a recognised exchange outside the UK. Investment will be made primarily in equity securities which are readily marketable, but investments will also be made in equity securities of smaller companies which can be more lightly traded. The portfolio is likely to be fairly concentrated with the Fund typically holding equity interests in between 35 and 50 different companies.
Fund size | GBP 1.28bn | |||||||||||||||
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Strategy size | GBP 1.38bn (as at 30 June 2022) | |||||||||||||||
Benchmark | FTSE All-Share TR 12pm adjusted | |||||||||||||||
Domicile | UK | |||||||||||||||
Denomination | GBP | |||||||||||||||
Share classes |
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Unit type | Distribution & accumulation | |||||||||||||||
XD Date | 31 December, 30 June | |||||||||||||||
Payment date | 28 February, 31 August | |||||||||||||||
Minimum investment |
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Valuation point | Daily (12 noon, 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.
The Elite Rating™ system is proprietary to FundCalibre Ltd, but should not be taken as a recommendation.
Initial charge | Up to 5% |
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Annual mgmt charge (A) | 0.75% |
Annual mgmt charge (B) | 1.25% |
Performance fee | 15% on excess performance if Fund outperforms benchmark, calculated daily. Any underperformance is 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 Ireland Limited |
Depositary | Northern Trust Global Services SE |
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 annual management charge is deducted from the capital of the Fund. This will increase the income from the Fund but may constrain or erode potential for capital growth. 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.
Global equity and bond markets rallied from their oversold levels in July, delivering their strongest set of monthly returns so far in 2022. Developed markets, as measured by the MSCI World NR Index, returned* 8%. US markets led regionally, with the S&P adding 9% and the NASDAQ registering double-digit returns of 12.6%.
The latest economic data releases for the second quarter evidenced a weakening global picture. The IMF downgraded global growth forecasts to 3.2% and 2.9% in 2022 and 2023 respectively, citing that downside risks from soaring inflation, the war in Ukraine and a slowdown in China had materialised. Global PMI data continued to contract to 2-year lows. The UK was no exception, with the CIPS UK Manufacturing Purchasing Managers’ Index declining to 52.1 in July. UK consumer confidence remains at record lows.
Whilst the Fed continued its hiking cycle, raising the Fed Funds Rate an anticipated 75bps to 2.25%, a narrative of peak inflation began to emerge on a change in tone and language from Fed speakers. Commodities weakened, inflation break-evens declined and bond markets moved to price a potential dovish pivot. The yield on US 10-year treasuries retreated to levels of 2.65%, having peaked at 3.47% on 14th June.
In the UK, CPI inflation rose to 9.4% in June, above consensus forecasts and the highest level recorded since 1982. More encouraging, however, was that core inflation (that excluding energy and food prices) has been in decline for the last two monthly readings. Bond yields on 10-year gilts retreated to 1.86%, having peaked at 2.65% on 21st June.
Long duration and growth assets benefitting from the retreat in bond yields outperformed during the month, whilst the value rotation reversed. From a style factor** perspective, growth and quality were areas of relative strength. All major style factors**, with exception of dividend yield, managed to generate positive absolute returns* in July.
Within this context, the FTSE All Share returned +4.4% for the month. In a reversal of the year-to-date trends of ‘flight to safety’, commodities weakness and growth outperformance, the FTSE 250 outperformed the FTSE 100 by +4.6%. Sector performance for the FTSE All Share was led by cyclicals; industrials, technology and consumer discretionary were areas of relative strength. The defensive- and commodity-related sectors of telecoms, healthcare, energy and basic materials delivered a weak performance for the month.
The UK Dynamic fund delivered an in-line performance versus benchmark in July. Asset allocation was a positive for the month, with an overweight position to industrials and underweight to healthcare delivering 40bps and 24bps performance respectively.
Stock selection in the month negatively offset positive allocation, primarily within financials.
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 annual management charge is deducted from the capital of the Fund. This will increase the income from the Fund but may constrain or erode potential for capital growth. 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.
A Accumulating | A Distributing | A GBP | ||
B Accumulating | B Distributing | |||
Y Accumulating | Y Distributing | Y GBP | ||
xx X Accumulating | xx X Distributing |
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 annual management charge is deducted from the capital of the Fund. This will increase the income from the Fund but may constrain or erode potential for capital growth. 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 annual management charge is deducted from the capital of the Fund. This will increase the income from the Fund but may constrain or erode potential for capital growth. 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 | |
---|---|---|---|---|---|
Fund | 10.82% | -3.87% | -24.40% | 35.62% | 0.53% |
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual | Since inception | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 2008 | -4.56 | 0.13 | 5.34 | -11.81 | -12.26 | 1.04 | 7.09 | -15.71 | ||||||
Benchmark | 2008 | -4.15 | -2.44 | 4.35 | -14.16 | -13.79 | 0.44 | 5.13 | -23.74 | ||||||
Fund | 2009 | -4.58 | -5.68 | 2.03 | 14.63 | 3.28 | -1.08 | 8.66 | 10.86 | 4.95 | -1.55 | -0.74 | 4.20 | 38.43 | |
Benchmark | 2009 | -5.46 | -6.93 | 1.96 | 12.12 | 4.24 | -2.94 | 7.89 | 7.39 | 5.20 | -0.54 | 1.39 | 3.87 | 29.91 | |
Fund | 2010 | -2.13 | 0.22 | 7.10 | 0.07 | -6.39 | -4.75 | 7.73 | -3.06 | 8.86 | 4.05 | -1.47 | 6.30 | 16.13 | |
Benchmark | 2010 | -3.64 | 2.89 | 7.40 | -0.89 | -5.96 | -4.85 | 7.11 | -2.33 | 8.21 | 2.07 | -1.43 | 7.14 | 15.25 | |
Fund | 2011 | 1.97 | 1.35 | -1.56 | 2.97 | 0.20 | -1.69 | -2.18 | -9.36 | -5.18 | 9.08 | -3.52 | 0.09 | -8.61 | |
Benchmark | 2011 | -1.18 | 2.33 | -0.15 | 2.45 | -0.47 | -1.52 | -1.15 | -8.36 | -3.79 | 9.97 | -4.22 | 2.67 | -4.42 | |
Fund | 2012 | 6.99 | 6.11 | 0.64 | -1.98 | -8.80 | 5.45 | 3.22 | 3.70 | 3.29 | 2.71 | 1.52 | 2.21 | 26.94 | |
Benchmark | 2012 | 3.65 | 4.57 | -1.51 | -0.15 | -6.73 | 4.24 | 2.08 | 2.18 | 0.97 | 1.53 | 1.04 | 0.91 | 12.99 | |
Fund | 2013 | 6.87 | 3.45 | 1.73 | 1.13 | 3.24 | -3.47 | 6.79 | -0.16 | 0.95 | 4.38 | 0.65 | 2.08 | 30.85 | |
Benchmark | 2013 | 6.40 | 2.00 | 1.91 | 0.44 | 2.78 | -4.84 | 6.22 | -1.34 | 0.35 | 4.62 | -0.63 | 1.59 | 20.66 | |
Fund | 2014 | -1.26 | 6.20 | -2.92 | 1.34 | 0.38 | -2.54 | 1.25 | 1.90 | -2.01 | -0.76 | 2.30 | -0.89 | 2.67 | |
Benchmark | 2014 | -3.87 | 5.86 | -2.13 | 1.77 | 1.72 | -1.54 | 0.15 | 1.67 | -2.48 | -0.89 | 2.36 | -1.29 | 0.93 | |
Fund | 2015 | 2.08 | 3.90 | -0.89 | 3.47 | 3.40 | -5.18 | -0.40 | -5.26 | -3.86 | 3.43 | 1.09 | -1.54 | -0.43 | |
Benchmark | 2015 | 3.33 | 3.13 | -1.04 | 2.23 | 2.55 | -5.94 | 1.15 | -5.95 | -1.86 | 5.10 | 0.63 | -1.39 | 1.25 | |
Fund | 2016 | -5.23 | 2.46 | 1.57 | 3.47 | 0.23 | -2.32 | 7.09 | 3.20 | 0.95 | 2.94 | -0.04 | 5.14 | 20.59 | |
Benchmark | 2016 | -4.40 | 1.81 | 2.29 | 1.61 | 0.61 | 0.32 | 5.89 | 2.54 | 0.71 | 1.27 | -1.05 | 3.73 | 16.05 | |
Fund | 2017 | 1.30 | 2.14 | 1.87 | 0.41 | 4.36 | -1.68 | 0.91 | 0.32 | 1.22 | 2.16 | -0.90 | 2.42 | 15.38 | |
Benchmark | 2017 | 0.87 | 2.33 | 1.29 | -0.15 | 4.58 | -2.21 | 0.62 | 0.90 | -0.06 | 1.88 | -0.69 | 3.18 | 13.10 | |
Fund | 2018 | -0.58 | -2.34 | -2.39 | 7.36 | 2.65 | -0.13 | -0.03 | -2.16 | 0.30 | -6.11 | -2.45 | -4.74 | -10.73 | |
Benchmark | 2018 | -0.89 | -3.34 | -2.18 | 6.78 | 2.66 | -0.14 | 1.09 | -2.30 | 0.07 | -5.03 | -1.68 | -3.93 | -9.06 | |
Fund | 2019 | 6.09 | 0.47 | 1.11 | 4.97 | -3.18 | 2.55 | 0.51 | -3.29 | 5.22 | -1.33 | 2.30 | 3.70 | 20.25 | |
Benchmark | 2019 | 4.59 | 1.65 | 2.67 | 3.16 | -3.21 | 3.65 | 2.28 | -3.40 | 2.60 | -1.28 | 2.82 | 2.63 | 19.29 | |
Fund | 2020 | -4.71 | -10.93 | -23.37 | 6.71 | 1.56 | 0.18 | -4.96 | 3.18 | -4.64 | -1.98 | 21.10 | 4.55 | -18.05 | |
Benchmark | 2020 | -2.84 | -9.37 | -15.89 | 8.64 | 2.17 | 0.72 | -2.68 | 1.55 | -2.05 | -4.04 | 14.39 | 2.85 | -9.52 | |
Fund | 2021 | 0.12 | 5.63 | 5.07 | 1.82 | 3.54 | -0.23 | 1.23 | 3.35 | -2.16 | -0.06 | -2.21 | 4.32 | 21.95 | |
Benchmark | 2021 | -0.44 | 2.06 | 3.73 | 3.43 | 1.74 | -0.13 | 0.37 | 2.65 | -0.41 | 1.32 | -2.30 | 4.68 | 17.77 | |
Fund | 2022 | 1.21 | -2.42 | 2.29 | -1.51 | 2.72 | -5.74 | 4.27 | 0.45 | 215.30 | |||||
Benchmark | 2022 | -0.24 | -1.29 | 2.73 | -0.56 | 1.26 | -6.15 | 3.92 | -0.66 | 129.17 |
Net yield is calculated as last four distributions divided by share price as at month end.
Net Yield % | |
---|---|
Share class A - accumulating | 5.32 |
Share class A - distributing | 5.55 |
Share class B - accumulating | 5.34 |
Share class B - distributing | 5.57 |
Performance data for the period 16 June 2008 to 23 October 2009 is for Ryder Court UK Dynamic Fund. From 23 October 2009 onwards, the Fund converted to the JOHCM UK Dynamic Fund.
Data shown net of fees, net income reinvested. Please note that all fund performance is shown against the FTSE All-Share TR 12pm adjusted. Performance of other share classes may vary and is available on request. Where shown, monthly returns table shows compounded discrete monthly performance. Performance of other share classes will vary and is available on request. During the period 16 June 2008 to 23 October 2009 the performance record is based on the pre-existing share class that had a higher management fee.
FTSE International Limited (“FTSE”) © FTSE 2017. The Industry Classification Benchmark (“ICB”) and all rights in it are owned by and vest in FTSE and/or its licensors. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. Neither FTSE, nor its licensors accept any liability for any errors or omissions in the ICB. No further distribution of ICB is permitted without FTSE’s express written consent.
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 annual management charge is deducted from the capital of the Fund. This will increase the income from the Fund but may constrain or erode potential for capital growth. 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.
The annual management charge is deducted from the capital of the Fund. This will increase the income from the Fund but may constrain or erode potential for capital growth. 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 1.28bn |
---|---|
Number of holdings | 42 |
ConvaTec Group | 5.28% |
BP | 5.22% |
3i | 4.96% |
Vodafone | 4.67% |
Barclays | 4.38% |
Anglo American | 4.27% |
Aviva | 3.95% |
WPP | 3.82% |
HSBC | 3.77% |
Land Securities Group | 3.76% |
ConvaTec Group | +5.12% |
3i | +4.45% |
Land Securities Group | +3.54% |
Aviva | +3.47% |
WPP | +3.43% |
Barclays | +3.27% |
Vodafone | +3.22% |
Pearson | +3.15% |
Centrica | +2.99% |
Anglo American | +2.77% |
Portfolio | Benchmark | Relative | ||
---|---|---|---|---|
Financials | 26.15% | 22.13% | 4.02% | |
Industrials | 15.34% | 11.09% | 4.24% | |
Consumer Discretionary | 11.30% | 10.62% | 0.68% | |
Health Care | 9.33% | 11.77% | -2.44% | |
Energy | 8.01% | 10.52% | -2.51% | |
Consumer Staples | 7.01% | 15.78% | -8.77% | |
Basic Materials | 5.10% | 7.63% | -2.53% | |
Real Estate | 4.78% | 3.21% | 1.57% | |
Telecommunications | 4.67% | 2.17% | 2.49% | |
Technology | 3.58% | 1.37% | 2.21% | |
Utilities | 3.21% | 3.70% | -0.50% | |
Cash | 1.52% | 0.00% | 1.52% |
Portfolio | Benchmark | Relative | ||
---|---|---|---|---|
Large Cap | 63.80% | 81.86% | -18.06% | |
Medium Cap | 31.48% | 15.24% | 16.24% | |
Small Cap | 3.20% | 2.90% | 0.30% | |
Cash | 1.52% | 0.00% | 1.52% |
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 annual management charge is deducted from the capital of the Fund. This will increase the income from the Fund but may constrain or erode potential for capital growth. 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.
The annual management charge is deducted from the capital of the Fund. This will increase the income from the Fund but may constrain or erode potential for capital growth. 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.
Established stock pickers James Lowen and Clive Beagles operate a strict yield discipline: they only buy stocks that they believe will yield more than the FTSE All-Share Index on a prospective basis, although every stock held must also have the potential for capital appreciation. This focus on higher-yielding stocks leads to a naturally cont...
Read MoreMark Costar and Vishal Bhatia aim to identify mispriced or undiscovered growth stocks that typically reside in one of three categories: the clear and unassailable market leader, the innovator or market disruptor and the supply side beneficiary. The Fund typically has a small-cap bias and contains stocks that have a high margin of safety...
Read MoreFund managers Rachel Reutter and Michael Ulrich, supported by experienced analysts Roshni Bolton and Eoghan Reid, run a concentrated portfolio of best-in-class UK large and mid-cap companies.
They invest in companies with reliable cashflows which they expect and encourage management to invest back into their businesses to sustain futur...
Read MoreStock picker Alex Savvides aims to profit from understanding and backing positive corporate change, change that is often misunderstood or under-appreciated by the stock market. The Fund may therefore feature a mixture of restructuring/recovery plays, cheap or hidden growth and other more general special situations. The fact that each stock h...
Read MoreAmongst other characteristics, the Fund promotes environmental and social characteristics and invests in companies that apply good corporate governance.
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. The Investment Manager takes a holistic approach when considering a company’s sustainability characteristics. In particular, the team looks for the sustainability “mindset” of the organisation, asking how is this business thinking sustainably and how does this lead to more sustainable, forward-looking business decisions. In order to achieve the above, the Fund applies an exclusion to those companies it considers “non-sustainable”. The Fund will invest no more than 10% of the Fund in companies rated ‘Severe’ by Sustainalytics, and for any such Severe-rated company to be investable it must be categorised as ‘transitioning’ as defined by the Investment Manager’s framework. The selection criteria may not be disapplied or overridden by the Investment Manager.
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. For this purpose, the Investment Manager will rely on data (and the ESG definitions aligned with that data) from a third-party provider, or such other source as the Investment Manager determines.
In order to measure and monitor the environmental and social characteristics of the Fund, the Investment Manager will review relevant metrics including the carbon footprint of the portfolio, emissions reduction targets, diversity metrics, employee engagement, and whether investee companies have implemented appropriate policies and structures to support sustainable business practices. The Investment Manager will also consider data provided by a third-party data provider, although this will not necessarily directly influence whether a company will be bought or sold by the Fund.
SFDR requirements have been applied to the offshore Fund which has been established for this strategy. The onshore Fund follows the same investment strategy but is not required to comply with the full requirements of SFDR. Although the Fund may invest in economic activities that contribute to an environmental objective within the meaning of the EU’s Sustainable Finance Disclosure Regulation (SFDR), the Investment Manager is not currently in a position to assess the proportion, as a percentage of the Fund’s portfolio, of investments in environmentally sustainable activities which are aligned to the EU’s Taxonomy Regulation (TR) (Regulation (EU) 2020/852) and amending Regulation (EU) 2019/2088.
This is due to a lack of reliable, timely and verifiable data for the Investment Manager to make a full and accurate assessment of the investments of the Fund against the TR’s Technical Screening Criteria in respect of climate change mitigation and climate change adaptation. It is also important to note that given the geographical focus of the Fund’s strategy, companies within the investment universe might not be under any obligation to provide the data required under EU legislation.
As a result, the Investment Manager is unable to determine whether the underlying investments in the Fund contribute to climate change mitigation and/or climate change adaptation, or whether the Fund has investments in economic activities that qualify as environmentally sustainable pursuant to the TR. 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 revisit the TR disclosure requirements once sufficient data is available.
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 FTSE All Share Total Return 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.
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