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.

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

Investment Strategy
  • 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
  • Alex Savvides

    Senior Fund Manager

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  • Tom Matthews

    Analyst

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  • Stephanie Geary

    Analyst

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  • Siddharth Sukumar

    Analyst

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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. 

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 Roshni Bolton, 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 tea...

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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 09 August 2021
Benchmark FTSE All-Share TR 12pm adjusted
Domicile Ireland
Denomination GBP
Share classes
A Accumulating GBP (Launch date) 23-October-2009
A Distributing GBP (Launch date) 23-October-2009
B Accumulating GBP (Launch date) 16-June-2008
B Distributing GBP (Launch date) 23-October-2009
Unit type Distribution & accumulation
XD Date 31 December
Payment date 28 February
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 codes
ISIN SEDOL
A Distributing GBP GB00B4T85529 B4T8552
A Accumulating GBP GB00B4T7HR59 B4T7HR5
B Accumulating GBP GB00B4T7JX59 B4T7JX5
B Distributing GBP GB00B4TXJ339 B4TXJ33

Fund ratings and awards

Data as at 09 August 2021
Notes

©2021 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 30/04/2021.

The Elite Rating™ system is proprietary to FundCalibre Ltd, but should not be taken as a recommendation.

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

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. 

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. 

KIIDs
(Key Investor Information Documents)

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. 

Return history (%)

Data as at 09 August 2021

Standardised Performance


Jun 16 - Jun 17 Jun 17 - Jun 18 Jun 18 - Jun 19 Jun 19 - Jun 20 Jun 20 - Jun 21
Fund 31.08% 10.82% -3.87% -24.40% 35.62%

Monthly returns (%)

Data as at 09 August 2021
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 22.26 214.70
Benchmark 2021 -0.44 2.06 3.73 3.43 1.74 -0.13 0.37 2.65 14.12 123.54

Net yield

Net Yield %
Share class A - accumulating 2.23
Share class A - distributing 2.29
Share class B - accumulating 2.24
Share class B - distributing 2.31

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 statistics

Data as at 09 August 2021
Fund size GBP 1.4bn
Number of holdings 40

Top 10 holdings and active weights

Data as at 09 August 2021
Top 10 holdings
Daily Mail & General Trust A 6.13%
Aviva 5.25%
Anglo American 5.03%
3i 4.93%
Barclays 4.75%
ConvaTec Group 4.69%
WPP 4.15%
Vodafone 4.10%
BP 3.99%
GlaxoSmithKline 3.36%
Top 10 active weights
Daily Mail & General Trust A +6.13%
Aviva +4.60%
ConvaTec Group +4.55%
3i +4.41%
WPP +3.68%
Anglo American +3.49%
Barclays +3.48%
QinetiQ +3.21%
Pearson +3.07%
Electrocomponents +3.03%

Sector breakdown

Data as at 09 August 2021
Portfolio Benchmark Relative
Financials 24.36% 22.49% 1.87%
Consumer Discretionary 21.25% 12.73% 8.52%
Industrials 13.51% 13.33% 0.18%
Consumer Staples 9.45% 14.61% -5.16%
Health Care 8.05% 9.75% -1.69%
Basic Materials 6.33% 9.35% -3.01%
Energy 6.21% 7.21% -1.00%
Telecommunications 4.10% 2.19% 1.91%
Technology 2.98% 2.05% 0.93%
Utilities 1.82% 3.01% -1.20%
Real Estate 1.12% 3.28% -2.16%
Cash 0.82% 0.00% 0.82%

Market cap breakdown

Data as at 09 August 2021
Portfolio Benchmark Relative
Large Cap 54.11% 78.63% -24.52%
Medium Cap 40.84% 17.95% 22.89%
Small Cap 4.23% 3.42% 0.81%
Cash 0.82% 0.00% 0.82%

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 Asia ex Japan Fund 23/09/2021 A EUR Ireland B431KK7 2.852 0.019
A GBP Ireland B3RQ272 2.897 0.008
A USD Ireland B435PM6 2.477 0.014
B EUR Ireland B5L49R5 2.881 0.018
B GBP Ireland B3ZQS76 2.841 0.005
B USD Ireland BF7NZT0 2.507 0.011
Z GBP Ireland B44PG77 2.063 0.004
Z USD Ireland BVG7681 1.661 0.009
JOHCM Asia ex Japan Small and Mid Cap Fund 23/09/2021 A EUR Ireland B6R5VD9 2.759 0.055
A GBP Ireland B6R5LS4 3.117 0.050
A USD Ireland B6R5QW3 2.831 0.053
B EUR Ireland B6R5HM0 3.121 0.064
B GBP Ireland B6R63P8 3.042 0.049
B USD Ireland B6R5YM9 2.701 0.051
Z GBP Ireland B4X3T62 2.362 0.038
JOHCM Continental European Fund 23/09/2021 A EUR Ireland 3300923 4.525 0.058
A GBP Ireland 3300912 5.553 0.047
A USD Ireland BJ4G0G2 1.760 0.022
A Hedged GBP Ireland BSJCJ49 1.532 0.019
B EUR Ireland 3300901 4.549 0.059
B GBP Ireland 3100543 5.346 0.045
B USD Ireland BJ4G0H3 1.791 0.023
Y EUR Ireland B98YKX9 1.744 0.023
Y GBP Ireland B993PD0 2.046 0.018
Y Hedged GBP Ireland BSJCJ50 1.601 0.020
JOHCM European Concentrated Value Fund 23/09/2021 A EUR Ireland BW0DJY9 1.154 0.006
B EUR Ireland BW0DJZ0 1.146 0.006
Z AUD Ireland BYNJFM8 1.343 0.001
Z EUR Ireland BYNJFN9 1.065 0.006
JOHCM European Select Values Fund 23/09/2021 A EUR Ireland 3290433 3.943 0.017
A GBP Ireland 3290422 6.070 0.000
B EUR Ireland 3290411 2.635 0.011
B GBP Ireland 3290400 5.550 0.000
Non-Distributing EUR Ireland BSFWK51 1.461 0.006
X EUR Ireland B4K14L9 1.884 0.008
Y EUR Ireland BMXC8L3 1.060 0.004
JOHCM Global Emerging Markets Opportunities Fund 23/09/2021 A EUR Ireland B3ZBLW7 1.651 0.016
A GBP Ireland B4002N4 1.503 0.008
A USD Ireland B4M6CN0 1.326 0.011
B EUR Ireland B4TRCR0 1.628 0.016
B GBP Ireland B41RZ57 1.443 0.008
B USD Ireland B4XXMP2 1.728 0.014
Y GBP Ireland BYSGJY4 1.812 0.010
Y USD Ireland BYSGJZ5 1.615 0.014
Z CAD Ireland BBPK0L2 1.770 0.002
Z GBP Ireland B6R54W9 1.899 0.010
JOHCM Global Income Builder Fund 23/09/2021 A EUR Ireland BFZWPD3 1.108 0.004
A GBP Ireland BFZWPC2 1.076 0.001
A SGD Ireland BFZWPG6 1.092 0.001
A USD Ireland BFZWPF5 1.097 0.004
B EUR Ireland BFZWPJ9 1.070 0.006
Seed EUR Ireland BKF2GH9 0.987 0.004
Seed GBP Ireland BFZWPH7 1.128 0.001
Seed GBP Ireland BHR0DJ1 1.121 0.001
JOHCM Global Opportunities Fund (offshore) 23/09/2021 A EUR Ireland B7MR557 2.484 0.012
A GBP Ireland B89PQM5 2.246 0.002
A USD Ireland B89JY23 2.295 0.008
A Hedged EUR Ireland BFZWWX2 1.100 0.003
B EUR Ireland B80FZF0 2.280 0.011
B GBP Ireland BF7NZS9 2.466 0.002
B USD Ireland B8295C7 2.178 0.007
X EUR Ireland BJ5JW42 1.133 0.006
X EUR Ireland BMCZLF8 1.215 0.006
X GBP Ireland BQVC9L0 1.918 0.001
X Hedged GBP Ireland BF29TX5 1.183 0.004
Z EUR Ireland BDZD4M4 1.119 0.005
Z GBP Ireland B83MS15 0.895 0.000
Z GBP Ireland BD6R4D6 1.704 0.001
JOHCM Global Opportunities Fund (onshore) 23/09/2021 A Accumulating GBP UK BJ5JMC0 1.154 0.001
A Accumulating Hedged GBP UK BKDV8G1 1.178 0.004
A Distributing GBP UK BJ5JMD1 1.109 0.001
X Accumulating GBP UK BJ5JMF3 1.123 0.001
X Distributing GBP UK BJ5JMG4 1.107 0.001
JOHCM Global Select Fund 23/09/2021 A GBP Ireland B3DBRN2 4.966 0.010
A USD Ireland B3T31Z2 2.802 0.014
A EUR Ireland B3DBRP4 4.671 0.031
B EUR Ireland B3DBRM1 4.508 0.029
B GBP Ireland B3DBRL0 4.771 0.009
B USD Ireland B5L7L67 3.190 0.016
Z GBP Ireland B3DCMB8 3.598 0.011
Z USD Ireland B4V7J00 3.175 0.019
JOHCM Uk Dynamic Fund 23/09/2021 Y GBP Ireland BDGKPZ4 1.016 0.003
JOHCM UK Dynamic Fund (onshore) 23/09/2021 A Accumilating GBP UK B4T7HR5 2.801 0.008
A Distributing GBP UK B4T8552 1.957 0.005
B Accumulating GBP UK B4T7JX5 3.105 0.009
B Distributing GBP UK B4TXJ33 1.778 0.005
X Accumulating GBP UK BJ7HNB8 1.092 0.003
X Distributing GBP UK BJ5JMB9 1.020 0.003
Y GBP UK BDZRJ21 1.228 0.003
Y Accumulating GBP UK BDZRJ10 1.616 0.004
JOHCM UK Equity Income Fund 23/09/2021 A Accumulating GBP UK B03KR50 4.178 0.019
A Distributing GBP UK B03KP23 1.943 0.009
B Accumulating GBP UK B03KR83 3.865 0.017
B Distributing GBP UK B03KR61 1.796 0.008
X Distributing GBP UK BYV9S21 0.969 0.004
Y GBP UK B95FCK6 1.312 0.006
Y Accumulating GBP UK B8FCHK5 1.687 0.008
JOHCM UK Growth Fund 23/09/2021 A GBP Ireland 3300934 4.234 0.019
B GBP Ireland 3100554 3.674 0.017
Non-distributing EUR Ireland BLLV8D7 2.297 0.020
Non-distributing USD Ireland BLLV8C6 2.504 0.019
X GBP Ireland BLLV893 2.118 0.011
X USD Ireland BLLV871 2.515 0.019
X EUR Ireland BLLV882 2.307 0.020
X EUR Ireland BLLV8B5 2.138 0.010
JOHCM UK Opportunities Fund 23/09/2021 A Accumulating GBP UK B0LLB64 3.336 0.000
A Distributing GBP UK B3K76Q9 2.191 0.000
B Accumulating GBP UK B0LLB75 3.100 0.001
B Distributing GBP UK B3K76P8 2.064 0.000
X Accumulating GBP UK BQJZQQ5 1.535 0.000
X Distributing GBP UK B95MSF4 1.242 0.000
Y GBP UK B95J5C1 1.475 0.000
Y Accumulating GBP UK B95HP81 1.867 0.001
Regnan Global Equity Impact Solutions Fund (offshore) 23/09/2021 A EUR Ireland BN2BD91 1.066 0.011
A GBP Ireland BN2BD80 1.025 0.006
A USD Ireland BN2BDC4 1.032 0.009
A Hedged EUR Ireland BN2BDB3 1.029 0.009
B EUR Ireland BN2BDF7 1.062 0.012
B GBP Ireland BN2BDD5 1.021 0.006
B USD Ireland BN2BDH9 1.028 0.010
B Hedged EUR Ireland BN2BDG8 1.018 0.010
Seed EUR Ireland BN2BDS0 1.074 0.011
Seed GBP Ireland BN2BDR9 1.033 0.007
Seed USD Ireland BN2BDV3 1.039 0.010
Seed Hedge EUR Ireland BN2BDT1 1.030 0.009
Z GBP Ireland BN2BDN5 1.029 0.006
Regnan Global Equity Impact Solutions Fund (onshore) 23/09/2021 A Accumulating GBP UK BMCZDD0 1.200 0.007
A Accumulating Hedged GBP UK BMCZDJ6 1.207 0.007
Y Accumulating GBP UK BMCZDK7 1.202 0.008
Regnan Sustainable Water and Waste Fund (onshore) 23/09/2021 A Accumulating GBP UK BMYXD32 0.982 0.001
F Accumulating GBP UK BMYXQ55 0.982 0.000
Y Accumulating GBP UK BMYXQ55 0.982 0.000

Dividend Rates

Funds paying monthly dividends

JOHCM Global Income Builder Fund

Share class 09/20 10/20 11/20 12/20 01/21 02/21 03/21 04/21 05/21 06/21 07/21 08/21
A  GBP 0.3871 0.4592 0.4016 0.4363 0.4312 0.3200 0.3071 0.3763 0.3485 0.3257 0.3877 0.3516
A EUR 0.3838 0.4431 0.3928 0.4289 0.4233 0.3205 0.3138 0.3899 0.3555 0.3336 0.3978 0.3638
A USD   0.3885 0.4393 0.3865 0.4335 0.4393 0.3270 0.3191 0.3864 0.3605 0.3443 0.3985 0.3651
A SGD  0.3895 0.4425 0.3899 0.4296 0.4274 0.3217 0.3140 0.3844 0.3558 0.3364 0.3965 0.3644
B EUR 0.3745 0.4319 0.3826 0.4174 0.4115 0.3114 0.3046 0.3781 0.3444 0.3229 0.3847 0.3515
Seed 0.3402 0.3929 0.3484 0.3806 0.3757 0.2846 0.2787 0.3464 0.3160 0.2966 0.3538 0.3237

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 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21
A distributing GBP 2.0957 3.6523 2.7970 2.0409 1.5930 1.1154 1.2632 1.0771 1.1681 2.3283
A accumulating GBP 4.0293 7.1000 5.5449 4.1082 3.2391 2.2958 2.6218 2.2581 2.4649 4.9447
B distributing GBP  1.9597 3.4124 2.6093 1.9017 1.4790 1.0379 1.1739 0.9997 1.0825 2.1559
B accumulating GBP 3.7777 6.6508 5.1861 3.8367 3.0210 2.1395 2.4391 2.0980 2.2869 4.5836
Y distributing GBP 1.4102 2.4582 1.8832 1.3744 1.0730 0.7534 0.8514 0.7263 0.7879 1.5709
Y accumulating GBP 1.6220 2.8588 2.2334 1.6547 1.3051 0.9242 1.0570 0.5363 0.9944 1.9953

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 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.

Views & News

  • 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. 

    Read More
  • 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.

    Read More
  • 13 May 2021

    Under the Bonnet

    A monthly roundup from the JOHCM UK Dynamic team in a month where markets were buoyed by extraordinarily strong economic data. 

    Read More
  • 13 Apr 2021

    Under the Bonnet

    Alex and Tom provide an update on a strong quarter for the portfolio as operating performance and share price momentum continued to build.  

    Read More
  • 15 Mar 2021

    Under the Bonnet

    Investor confidence grew in February as Covid-19 vaccination roll-outs accelerated. Alex and Tom provide a portfolio update. 

    Read More
  • 11 Feb 2021

    Under the Bonnet

    Equity markets were broadly unchanged in January as exuberance over Covid-19 vaccine roll-outs was tempered by concerns for reduced efficacy.

    Read More
  • 20 Jan 2021

    Under the Bonnet

    Reflections on 2020 from the JOHCM UK Dynamic team.

    Read More
  • 15 Dec 2020

    Under the Bonnet

    An update from the JOHCM UK Dynamic team in a month of record-breaking rallies in equity markets.

    Read More
  • 12 Nov 2020

    Under the Bonnet

    A strong month for the Fund as we saw a marked pick-up in positive newsflow for our holdings. 

    Read More
  • 11 Oct 2020

    Under the Bonnet

    A September review - a month of peaking extremes and emerging change for markets. 

    Read More
  • 10 Sep 2020

    Under the Bonnet

    Positive stock-specific newsflow: Alex and Tom provide their usual monthly portfolio roundup.

    Read More

Webcasts & Videos

  • JOHCM UK Dynamic Fund Q2 2021 Update

    29 Jul 2021 10:00 AM | 60 mins

  • JOHCM UK Dynamic Fund Q1 2021 Update

    22 Apr 2021 | 32 mins

  • JOHCM UK Dynamic Fund Q4 2020 Update

    28 Jan 2021 | 59 mins

  • JOHCM UK Dynamic Fund Q3 2020 Update

    19 Oct 2020 | 51 mins

  • Alex Savvides

    Senior Fund Manager

    small image path
  • Tom Matthews

    Analyst

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  • Stephanie Geary

    Analyst

    small image path
  • Siddharth Sukumar

    Analyst

    small image path

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. 

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 Roshni Bolton, 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 tea...

Read More
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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Back

Environmental and Social Characteristics

The Fund has the objective of generating a positive impact by investing in companies that have the potential to address the world’s major social and environmental challenges. 

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. 

Governance

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, is requesting to be a signatory to the UK Stewardship Code 2020 (together the “Code”) and is a signatory to the UN Principles for Responsible Investment (the “UNPRI”). 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. 

Index

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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