JOHCM UK Dynamic Fund (offshore)

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Fund Description

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.

 

  • Alex’s investment process draws on his career experience developed on both the ‘buy’ and ‘sell’ side. He follows a pragmatic approach to fund management, looking for the best capital growth opportunities regardless of the perceived style of the stock but within the confines of his clear portfolio disciplines
  • Alex looks for investments where he has a more positive view of medium to long-term future revenues and cash flows than the prevailing market opinion. He believes that independence of thought, hard work and strict adherence to a well-defined portfolio investment process will result in long-term value creation
  • The Fund invests in a mixture of high quality, unloved, under-researched, under-appreciated stocks and often out of favour areas of the market
Reasons To Invest
  • Change is one of the biggest drivers of stock returns, but it is consistently overlooked or is misunderstood by the market. Markets are slow to price in change and that creates opportunities for disciplined investors
  • Alex places great importance on balance sheet and cash flow management. All stocks in the portfolio must pay a dividend or be expected to do by Alex within the next financial year, giving the Fund attractive yield characteristics

Please note that with effect from 1 January 2022, this fund will make semi-annual distributions.

  • Alex Savvides

    Senior Fund Manager

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This is a marketing communication.

Information on the rights of investors can be found here.

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. Investments 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.

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JOHCM UK Equity Income Fund

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...

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JOHCM UK Growth Fund

Mark 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...

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JOHCM UK Opportunities Fund

Fund managers Rachel Reutter and Michael Ulrich, supported by experienced analyst 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 future growth. The ...

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JOHCM UK Dynamic Fund (offshore)

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 h...

Read More
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Investment Objective

The 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 details

Data as at 15 May 2023
Benchmark FTSE All-Share TR 12pm adjusted
Domicile Ireland
Denomination GBP
Share classes

Please click here

Unit type Distribution & accumulation
XD Date 31 December, 30 June
Payment date 28 February, 31 August
Minimum investment
A accumulating GBP 1,000
A distributing GBP 1,000
B accumulating GBP 1,000
B distributing GBP 1,000
Valuation point Daily (12 noon, UK time)
Dealing frequency Daily 9-5pm

Fund ratings and awards

Data as at 15 May 2023

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

Fees and charges

Initial charge Up to 5%
Performance fee

Annual management charge - 0.625%. 
15% on excess performance if Fund outperforms benchmark, calculated daily. Any underperformance is carried forward. This fee applies to all share classes.

Administration

Status UCITS
Investment manager J O Hambro Capital Management Limited
Transfer agent and registrar RBC Investor Services Ireland Limited
Depositary Northern Trust Global Services SE

This is a marketing communication.

Information on the rights of investors can be found here.

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. Investments 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 30 April 2023

Market Backdrop 
•    Markets recovered in April, as receding concerns over the banking sector led to declines in bond and equity market volatility. 
•    Regionally, the FTSE 100 was one of the best performing markets in local currency terms, as leadership turned once more towards defensives. The FTSE All Share and FTSE 100 both returned 3.4%, whilst the FTSE 250 added 3.1%. 
•    The oil price increased during the month as OPEC+ decided to cut production, leading the energy sector higher. Combined with a recovery in financials, this led to a reversal in March factor trends, with value the outperformer in April. 
•    UK inflation remained resilient, with March CPI of 10.1% above consensus, leading Gilts to decline. The yield on the UK 10-year Gilt increased 23bps to 3.72%, whilst the equivalent 10-year US Treasury yield declined to 3.42%. GBP strengthened a further 2% versus the US Dollar. 

Fund Performance
•    The fund outperformed the FTSE All Share in April, primarily driven by positive stock selection effects. Sector allocation was also modestly positive during the month. 
•    Financials was the best performing sector, contributing to 50% of the fund’s outperformance. Whilst there were some elements of a recovery in financials names from the March ‘banking crisis’, it was primarily idiosyncratic catalysts in the fund’s holdings that led to the outperformance. 
•    The fund’s small and differentiated position in Numis (43bps) was the top contributor following an announcement that its board had agreed to an all-cash offer from Deutsche Bank to acquire the UK brokerage firm. The offer values Numis at £410m, representing a premium of 72% compared to prior day trading, which led the shares to re-rate on the final day of the month, ending April up 58%. 
•    In a reversal of the prior month’s trends, Barclays (18bps) was the best performing Bank on the FTSE All Share. Whilst some early outperformance can be attributed to an unwinding of March effects, the release of an upbeat Q1 trading statement solidified performance, with all operating divisions delivering double digit growth to report pre-tax profits that beat consensus. 
•    Directline (11bps) was the recipient of analyst upgrades. The share price fell to an all-time low at the end of March, following a profit warning in Q1 and further impacted by the wider insurance sector sell-off. Insurance more broadly recovered in April, registering the strongest performance of any sector, led by insurers with a significant presence in the motor segment. 
•    Industrials names were another source of strong performance, with Qinetiq (18bps) and Melrose (3bps) delivering positive returns. Melrose shares responded positively to the completion of its demerger with Dowlais Group (8bps), whilst Qinetiq reported a strong end to the year, delivering a strong Q4 operational performance and upgrading full year guidance for 2023. Strong cash flow management also reduced the defence company’s leverage ratio to below 1x, a year ahead of schedule. 
•    Housebuilders continued in their recoveries, as the latest RICS data indicated the housing market improved on the prior quarter. Whilst near term outlook remains subdued, housebuilders that reported gave some indication of pressure easing in the medium term on declining supply chain and inflationary pressures, continued moderation in mortgage rates and resilient consumer confidence. Crest Nicholson (27bps) significantly outperformed the sector following speculation of takeover interest on the share tip website Betaville.

 

This is a marketing communication.

Information on the rights of investors can be found here.

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. Investments 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 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. Investments 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.

Return history (%)

Data as at 15 May 2023

Standardised Performance


Mar 18 - Mar 19 Mar 19 - Mar 20 Mar 20 - Mar 21 Mar 21 - Mar 22 Mar 22 - Mar 23
Fund 1.51% -27.42% 39.99% 10.87% 4.01%

Monthly returns (%)

Data as at 15 May 2023
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 -3.58 -7.47 5.15 7.91 -0.34 1.34
Benchmark 2022 -0.24 -1.29 2.73 -0.56 1.26 -6.15 3.92 -1.42 -5.72 2.61 7.56 -1.14 0.74
Fund 2023 6.22 2.75 -5.01 3.68 229.80
Benchmark 2023 3.57 2.36 -3.00 2.83 138.97

Net yield

Net Yield %
Share class A - accumulating 3.74
Share class A - distributing 3.86
Share class B - accumulating 3.76
Share class B - distributing 3.88

This is a marketing communication.

Information on the rights of investors can be found here.

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. Investments 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 15 May 2023
Fund size GBP 1.3bn
Number of holdings 38

Top 10 holdings and active weights

Data as at 15 May 2023
Top 10 holdings
3i 6.23%
HSBC 4.86%
ConvaTec Group 4.84%
GSK 4.66%
BP 4.53%
WPP 4.53%
Centrica 4.44%
Aviva 4.22%
Vodafone 3.98%
Barclays 3.87%
Top 10 active weights
3i +5.54%
ConvaTec Group +4.69%
Centrica +4.17%
WPP +4.10%
Aviva +3.74%
Moneysupermarket.com +3.54%
Land Securities Group +3.42%
Pearson +3.39%
Vodafone +3.08%
Barclays +2.88%

Sector breakdown

Data as at 15 May 2023
Portfolio Benchmark Relative
Financials 26.44% 22.24% 4.20%
Consumer Discretionary 12.06% 11.70% 0.36%
Industrials 12.04% 11.62% 0.42%
Health Care 9.51% 11.36% -1.86%
Energy 6.89% 11.10% -4.20%
Consumer Staples 6.88% 15.52% -8.64%
Basic Materials 6.02% 7.74% -1.71%
Real Estate 5.38% 2.50% 2.88%
Technology 4.90% 1.05% 3.84%
Utilities 4.44% 3.65% 0.79%
Telecommunications 3.98% 1.52% 2.46%
Cash 1.47% 0.00% 1.47%

Market cap breakdown

Data as at 15 May 2023
Portfolio Benchmark Relative
Large Cap 72.77% 83.91% -11.14%
Medium Cap 22.61% 13.74% 8.86%
Small Cap 3.15% 2.35% 0.81%
Cash 1.47% 0.00% 1.47%

This is a marketing communication.

Information on the rights of investors can be found here.

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. Investments 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
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 A Accumulating GBP UK GB00B4T7HR59 3.003 -0.023
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 A Accumulating GBP UK GB00B4T7HR59 3.003 -0.023
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 A Distributing GBP UK GB00B4T85529 1.952 -0.015
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 A Distributing GBP UK GB00B4T85529 1.952 -0.015
UK Equities JOHCM UK Dynamic Fund (offshore) A GBP Ireland IE00BDGKPY39
UK Equities JOHCM UK Dynamic Fund (offshore) A GBP Ireland IE00BDGKPY39
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 B Accumulating GBP UK GB00B4T7JX59 3.301 -0.026
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 B Accumulating GBP UK GB00B4T7JX59 3.301 -0.026
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 B Distributing GBP UK GB00B4TXJ339 1.758 -0.013
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 B Distributing GBP UK GB00B4TXJ339 1.758 -0.013
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 M Accumulating GBP UK GB00BMBQQY64 0.9769 -0.0075
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 M Distributing GBP UK GB00BMBQQZ71 0.9769 -0.0075
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 X Accumulating GBP UK GB00BJ7HNB87 1.176 -0.009
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 X Accumulating GBP UK GB00BJ7HNB87 1.176 -0.009
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 X Distributing GBP UK GB00BJ5JMB96 1.022 -0.008
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 X Distributing GBP UK GB00BJ5JMB96 1.022 -0.008
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 Y Accumulating GBP UK GB00BDZRJ101 1.737 -0.013
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 Y Accumulating GBP UK GB00BDZRJ101 1.737 -0.013
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 Y Distributing GBP UK GB00BDZRJ218 1.227 -0.01
UK Equities JOHCM UK Dynamic Fund (onshore) 26/05/2023 Y Distributing GBP UK GB00BDZRJ218 1.227 -0.01
UK Equities JOHCM UK Dynamic Fund (offshore) 26/05/2023 Y EUR EUR Ireland IE000UUSWK64 1.002 -0.007
UK Equities JOHCM UK Dynamic Fund (offshore) 26/05/2023 Y EUR EUR Ireland IE000UUSWK64 1.002 -0.007
UK Equities JOHCM UK Dynamic Fund (offshore) 26/05/2023 Y GBP GBP Ireland IE00BDGKPZ46 1.018 -0.008
UK Equities JOHCM UK Dynamic Fund (offshore) 26/05/2023 Y GBP GBP Ireland IE00BDGKPZ46 1.018 -0.008
UK Equities JOHCM UK Dynamic Fund (offshore) 26/05/2023 Y USD USD Ireland IE000R902PU3 1.161 -0.006
UK Equities JOHCM UK Dynamic Fund (offshore) 26/05/2023 Y USD USD Ireland IE000R902PU3 1.161 -0.006

Dividend Rates

Funds paying quarterly dividends

JOHCM UK Equity Income Fund

Share class Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23
A distributing GBP 1.1681 2.3283 3.0863 1.2881 1.9828 3.4453 3.1410 1.8309 2.1053
A accumulating GBP 2.4649 4.9447 6.6368 2.8152 4.3509 7.6541 7.1149 4.2268 4.9097
B distributing GBP  1.0825 2.1559 2.8539 1.1897 1.8271 3.1746 2.8895 1.6822 1.9315
B accumulating GBP 2.2869 4.5836 6.1431 2.6020 4.0228 7.0604 6.5526 3.8884 4.5096
Y distributing GBP 0.7879 1.5709 2.0833 0.8697 1.3383 2.3274 2.1211 1.2376 1.4237
Y accumulating GBP 0.9944 1.9953 2.6787 1.1364 1.7602 3.0924 2.8757 1.7088 1.9315

Dividends are quoted and paid in pence per share

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

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

Funds paying semi-annual dividends

All funds have a XD date of 30 June  2022 and pay date of 31 August 2023.

JOHCM UK Dynamic Fund (Offshore)

Share class Currency Pay date Dividend paid in  Dividend rate
Y GBP 31 Aug 2023 pence per share 1.7010

Funds paying annual dividends

All funds have a XD date of 31 December 2022 and pay date of 28 February 2023.


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 Dynamic Fund (Onshore)

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 31 Aug 2023 pence per share 3.2905
A - accumulating GBP 31 Aug 2023 pence per share  4.9754
B - distributing GBP 31 Aug 2023 pence per share  2.9736
B - accumulating GBP 31 Aug 2023 pence per share 5.4873
Y - distributing GBP 31 Aug 2023 pence per share 2.0673
Y - accumulating GBP 31 Aug 2023 pence per share 2.8745

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

  • 24 May 2023

    Mid-Cap Returns for Large-Cap Risk

    The strategy currently has a definite bias toward larger cap companies. How does this fit with a transformation fund?

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  • 19 Apr 2023

    Under the Bonnet - Resilience Against Uncertainty

    Factor shifts are just some of the mixed signals coming from a rotating market.

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  • 19 Jan 2023

    Under the Bonnet

    2022 – the year the world woke up

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  • 16 Oct 2022

    Under the Bonnet

    Markets are overwhelmed with macro, especially the return of 'real' interest rates, while ignoring company fundamentals

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  • 20 Apr 2022

    Under the Bonnet

    The world is a very different place to what it was a month ago. As ever, we seek strategic idiosyncratic change where hidden value can be unlocked through management actions

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  • 18 Jan 2022

    Under the Bonnet

    A quarterly update from the UK Dynamic team on the macro environment, portfolio performance and outlook. 

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  • 15 Dec 2021

    Under the Bonnet

    A monthly portfolio update from the JOHCM UK Dynamic team on the strategic progress made by their portfolio companies. 

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  • 12 Nov 2021

    Under the Bonnet

    A monthly portfolio update from the JOHCM UK Dynamic team on the strategic progress made by their portfolio companies. 

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  • 19 Oct 2021

    Under the Bonnet

    The third quarter saw good strategic progress, strong results and interesting M&A activity for the JOHCM UK Dynamic portfolio.

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  • 12 Sep 2021

    Under the Bonnet

    A monthly portfolio update from the JOHCM UK Dynamic team in a month where the NASDAQ 100 and S&P500 made new all-time highs.

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  • 15 Aug 2021

    Under the Bonnet

    The UK Dynamic team take a look at a positive month for the Fund in July.

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  • 19 Jul 2021

    Under the Bonnet

    An update from the JOHCM UK Dynamic team in a quarter that saw frenzied bid activity for a number of portfolio holdings. 

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  • 14 Jun 2021

    Under the Bonnet

    Increasing signs the market is beginning to recognise the undervaluation of some of the Fund’s holdings was aided by another period of strong earnings updates in May.

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Webcasts & Videos

  • The Asset Allocation Nightmare: UK, Global or Both?

    26 May 2023 | 30 mins

  • JOHCM UK Dynamic Fund Q2 2023 Update

    27 Apr 2023 | 48 mins

  • JOHCM UK Dynamic Fund Q1 2023 Update

    31 Jan 2023 | 28 mins

  • JOHCM UK Dynamic Fund Q3 2022 Update

    17 Oct 2022 | 48 mins

  • Alex Savvides

    Senior Fund Manager

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This is a marketing communication.

Information on the rights of investors can be found here.

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. Investments 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 UK Equity Funds

JOHCM UK Equity Income Fund

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...

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JOHCM UK Growth Fund

Mark 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...

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JOHCM UK Opportunities Fund

Fund managers Rachel Reutter and Michael Ulrich, supported by experienced analyst 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 future growth. The ...

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JOHCM UK Dynamic Fund (offshore)

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 h...

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Summary

This webpage is designed to provide the reader with information about the J O Hambro Capital Management UK Dynamic 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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