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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  • Stephanie Geary

    Analyst

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  • Siddharth Sukumar

    Analyst

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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 14 November 2023
Benchmark FTSE All-Share TR 12pm adjusted
Domicile Ireland
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
A distributing GBP 1,000
Valuation point Daily (12 noon, UK time)
Dealing frequency Daily 9-5pm

Fund ratings and awards

Data as at 14 November 2023

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

Fees and charges

Initial charge Up to 5%
Performance fee

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

Administration

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

This is a marketing communication.

Information on the rights of investors can be found here.

The 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 31 October 2023

Market Overview

  • Rising tensions in the Middle East, disappointing corporate earnings and rising bond yields combined in October to bring risk-off sentiment back into play, culminating in falling global bond and equity markets. Safe haven assets of gold, USD and commodities outperformed at the asset class level. 
  • The FTSE 100 returned -3.7%, helped by the higher exposure to commodities, whilst the more cyclical FTSE 250 returned -6.3%. Regionally, the UK delivered an in-line performance with the rest of Europe, whilst the US and Emerging Markets outperformed. 
  • Except for utilities, which rose 2.8% in aggregate, all sectors in the FTSE All Share were negative in October. Energy was the next best performing sector, declining 1.1%. Oil prices ended the month 8% lower, although the sharp sell-off at the beginning of the month reversed following the attacks in Israel. 
  • Financials were 7% lower in aggregate, taken lower by the banking sector, which declined 11% after disappointing earnings and warnings on outlooks. Healthcare was the next worst performer, declining 6% during the month.

Performance Contributors

  • The fund declined 4.26% in October, an inline performance with the FTSE All Share, which fell 4.18%. Modestly positive stock selection was offset by negative allocation from the fund’s underweights in energy and consumer staples. An overweight to financials also detracted from allocation.  
  • Moneysupermarket was the fund’s top contributor, adding 37bps. The company reported revenues that beat consensus on its Q3 trading update, driven by an acceleration in the insurance segment. If momentum continues into the final quarter, we expect the company to beat full-year guidance comfortably. 
  • Centrica delivered another strong share price performance, adding 33bps. The company has been executing on its cumulative £1bn share buyback plan, announced at interim results. With the group's balance sheet transformed, profitability of core assets recovering strongly, and the company actively reinvesting profits into green capex projects, the shares are still materially undervalued. Additionally, the company has committed to return further surplus capital to investors, which gives the shares plenty of headroom to continue outperforming.
  • Pearson delivered another strong update and upgraded guidance for the year, adding 30bps to relative performance. The English Language Learning and Assessment divisions delivered strong results. The company continues to reinvest for future growth. 
  • Barclays was the biggest detractor in October, costing -46bps. Provisions came in better than expected; however, trading in the FICC division was 26% lower. Disappointing NIM and a cut to future NIM guidance within the UK bank, sent the shares lower, as deposit beta among clients was higher than expected. The relative performance impact was offset c.50% from underweights in Natwest (12bps) and Standard Chartered Bank (10bps). HSBC was more resilient after announcing a $3bn share buyback and holding credit impairment losses – of which 50% relates to China commercial real estate – at $1.1bn. At the aggregate level, the fund is equal weighted to the banking sector, so relative performance impacts overall were contained. 
  • 3i Group had a minor pull back during the month but remains strongly positive for the year. Moody’s announced underlying asset Action’s intention to issue a $1bn term loan, which will fund capital returns to shareholders, implying an increase in dividends to be received by majority owner 3i. We maintain conviction in the position as we approach the group’s half-year update in November. 
  • Six of the ten largest detractors were from underweight positions. Shell detracted -28bps, having delivered a more robust set of results compared to the fund’s overweight position in BP, which reported disappointing revenues from its gas trading division. BAE Systems, Diageo, Relx, Rio Tinto and Compass in aggregate cost -84bps of relative performance. 

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 14 November 2023

Standardised Performance


Sep 18 - Sep 19 Sep 19 - Sep 20 Sep 20 - Sep 21 Sep 21 - Sep 22 Sep 22 - Sep 23
Fund 0.23% -30.89% 48.46% -8.64% 21.65%

Monthly returns (%)

Data as at 14 November 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 3.43 -4.13 -0.43 3.65 -0.92 2.33 -4.27 2.99 227.60
Benchmark 2023 3.57 2.36 -3.00 2.52 -3.12 0.12 2.61 -2.11 2.17 -4.18 0.55 133.68

Net yield

Net Yield %
Share class A - accumulating 4.11
Share class A - distributing 4.24
Share class B - accumulating 4.12
Share class B - distributing 4.26

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 14 November 2023
Fund size GBP 1.22bn
Number of holdings 40

Top 10 holdings and active weights

Data as at 14 November 2023
Top 10 holdings
3i 6.84%
Centrica 5.66%
GSK 5.55%
ConvaTec Group 4.89%
HSBC 4.80%
BP 4.57%
Aviva 4.28%
Land Securities Group 4.23%
Vodafone 4.19%
Barclays 4.04%
Top 10 active weights
3i +5.99%
Centrica +5.26%
ConvaTec Group +4.74%
Land Securities Group +4.03%
Aviva +3.78%
Moneysupermarket.com +3.74%
Vodafone +3.43%
Barclays +3.10%
GSK +2.85%
Johnson Matthey +2.57%

Sector breakdown

Data as at 14 November 2023
Portfolio Benchmark Relative
Financials 26.48% 22.56% 3.92%
Health Care 10.44% 11.57% -1.13%
Industrials 10.08% 10.67% -0.60%
Consumer Discretionary 9.64% 11.89% -2.25%
Energy 8.21% 12.37% -4.16%
Basic Materials 7.86% 7.37% 0.49%
Consumer Staples 6.30% 14.98% -8.68%
Utilities 5.66% 3.73% 1.93%
Real Estate 5.42% 2.35% 3.07%
Technology 5.05% 1.26% 3.79%
Telecommunications 4.19% 1.24% 2.95%
Cash 0.67% 0.00% 0.67%

Market cap breakdown

Data as at 14 November 2023
Portfolio Benchmark Relative
Large Cap 72.85% 84.64% -11.78%
Medium Cap 23.82% 13.20% 10.63%
Small Cap 2.65% 2.17% 0.49%
Cash 0.67% 0.00% 0.67%

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) 29/11/2023 A Accumulating GBP UK GB00B4T7HR59 3.095 0.008
UK Equities JOHCM UK Dynamic Fund (onshore) 29/11/2023 A Distributing GBP UK GB00B4T85529 1.962 0.005
UK Equities JOHCM UK Dynamic Fund (offshore) A GBP Ireland IE00BDGKPY39
UK Equities JOHCM UK Dynamic Fund (onshore) 29/11/2023 B Accumulating GBP UK GB00B4T7JX59 3.393 0.008
UK Equities JOHCM UK Dynamic Fund (onshore) 29/11/2023 B Distributing GBP UK GB00B4TXJ339 1.763 0.005
UK Equities JOHCM UK Dynamic Fund (onshore) 29/11/2023 K Accumulating GBP UK GB00BQQ84293 1.029 0.003
UK Equities JOHCM UK Dynamic Fund (onshore) 29/11/2023 K Distributing GBP UK GB00BQQ84301 1.022 0.002
UK Equities JOHCM UK Dynamic Fund (onshore) 29/11/2023 M Accumulating GBP UK GB00BMBQQY64 1.008 0.002
UK Equities JOHCM UK Dynamic Fund (onshore) 29/11/2023 M Distributing GBP UK GB00BMBQQZ71 1.001 0.0023
UK Equities JOHCM UK Dynamic Fund (onshore) 29/11/2023 X Accumulating GBP UK GB00BJ7HNB87 1.212 0.003
UK Equities JOHCM UK Dynamic Fund (onshore) 29/11/2023 X Distributing GBP UK GB00BJ5JMB96 1.028 0.002
UK Equities JOHCM UK Dynamic Fund (onshore) 29/11/2023 Y Accumulating GBP UK GB00BDZRJ101 1.788 0.004
UK Equities JOHCM UK Dynamic Fund (onshore) 29/11/2023 Y Distributing GBP UK GB00BDZRJ218 1.234 0.003
UK Equities JOHCM UK Dynamic Fund (offshore) 29/11/2023 Y EUR EUR Ireland IE000UUSWK64 1.011 0.005
UK Equities JOHCM UK Dynamic Fund (offshore) 29/11/2023 Y GBP GBP Ireland IE00BDGKPZ46 1.026 0.002
UK Equities JOHCM UK Dynamic Fund (offshore) 29/11/2023 Y USD USD Ireland IE000R902PU3 1.198 0.009

Dividend Rates

Funds paying quarterly dividends

JOHCM UK Equity Income Fund

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

Dividends are quoted and paid in pence per share

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, pay date of 31 August and XD date of 31 December, pay date 28 February.

JOHCM UK Dynamic Fund (Onshore)

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 31 Aug 2023 pence per share 4.7348
A - accumulating GBP 31 Aug 2023 pence per share  7.2848
B - distributing GBP 31 Aug 2023 pence per share  4.2666
B - accumulating GBP 31 Aug 2023 pence per share 8.0119
Y - distributing GBP 31 Aug 2023 pence per share 2.9766
Y - accumulating GBP 31 Aug 2023 pence per share 4.2119
X - distributing GBP 31 Aug 2023 pence per share 2.4775
X - accummulating GBP 31 Aug 2023 pence per share 2.8519
M - distributing GBP 31 Aug 2023 pence per share 0.6975
M - accumulating GBP 31 Aug 2023 pence per share 0.6975
K - distributing GBP 31 Aug 2023 pence per share 0.6130
K - accumulating  GBP 31 Aug 2023 pence per share 0.6128

JOHCM UK Dynamic Fund (Offshore)

Share class Currency Pay date Dividend paid in  Dividend rate
Y GBP 31 Aug 2023 pence per share 2.2517
Y EUR 31 Aug 2023 pence per share 2.1310
Y USD 31 Aug 2023 pence per chare 2.3831

JOHCM Global Select Shariah Fund 

Share class Currency Pay date Dividend paid in  Dividend rate
A USD 31 Aug 2023 pence per share 0.3187

Funds paying annual dividends

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

JOHCM Asia ex Japan Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 0.0000
A EUR 28 Feb 2023 cents per share 0.0000
A USD 28 Feb 2023 cents per share 0.0000
B GBP 28 Feb 2023 pence per share 0.0000
B EUR 28 Feb 2023 cents per share 0.0000
B USD 28 Feb 2023 cents per share 0.0000
Z GBP 28 Feb 2023 cents per share 1.2559
Z USD 28 Feb 2023 cents per share 0.0088

JOHCM Asia ex Japan Small and Mid Cap Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 0.0000
A EUR 28 Feb 2023 cents per share 0.0000
A USD 28 Feb 2023 cents per share 0.0000
B GBP 28 Feb 2023 pence per share 0.0000
B EUR 28 Feb 2023 cents per share 0.0000
B USD 28 Feb 2023 cents per share 0.0000
Z GBP 28 Feb 2023 cents per share 0.0000


JOHCM Continental European Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 10.0915
A EUR 28 Feb 2023 cents per share 7.9953
A - hedge GBP 28 Feb 2023 pence per share 2.9851
B GBP 28 Feb 2023 pence per share 7.7618
B EUR 28 Feb 2023 cents per share 6.4068
B - hedge USD 28 Feb 2023 cents per share 1.1526
Y GBP 28 Feb 2023 pence per share 3.7378
Y - hedge GBP 28 Feb 2023 pence per share 3.2781
Y EUR 28 Feb 2023 cents per share 3.0566

JOHCM European Select Values Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2023 pence per share 4.8151
A EUR 28 Feb 2023 cents per share 2.6779
B GBP 28 Feb 2023 pence per share 2.0318
B EUR 28 Feb 2023 cents per share 0.8256
Y EUR 28 Feb 2023 cents per share 0.8964


JOHCM Global Emerging Markets Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 3.9725
A EUR 28 Feb 2023 cents per share 3.7874
A USD 28 Feb 2023 cents per share 2.7065
B GBP 28 Feb 2023 pence per share 3.5330
B EUR 28 Feb 2023 cents per share 3.4128
B USD 28 Feb 2023 cents per share 3.0881
Y GBP 28 Feb 2023 pence per share 4.9039
Y USD 28 Feb 2023 cents per share 2.8124
Z GBP 28 Feb 2023 cents per share 7.3245

JOHCM Global Opportunities Fund (onshore)

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 2.5742
A - hedged GBP 28 Feb 2023 pence per share 2.3240
X GBP 28 Feb 2023 cents per share 2.4772

JOHCM Global Opportunities Fund (offshore)

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 4.4298
A EUR 28 Feb 2023 cents per share 4.1956
A USD 28 Feb 2023 cents per share 3.3076
B EUR 28 Feb 2023 cents per share 3.8301
B USD 28 Feb 2023 cents per share 3.1239
A - hedged EUR 28 Feb 2023 cents per share 1.6538
X GBP 28 Feb 2023 cents per share 3.7875
Z GBP 28 Feb 2023 cents per share 1.7774
X - hedged GBP 28 Feb 2023 cents per share 2.1090
X EUR 28 Feb 2023 cents per share 1.9147

JOHCM Global Select Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2023 pence per share 2.5774
A EUR 28 Feb 2023 cents per share 2.0747
A USD 28 Feb 2023 cents per share 1.0629
B GBP 28 Feb 2023 pence per share 0.0000
B EUR 28 Feb 2023 cents per share 0.0000
B USD 28 Feb 2023 cents per share 0.0000
Z GBP 28 Feb 2023 pence per share 4.2279


JOHCM UK Growth Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 4.6405
B GBP 28 Feb 2023 pence per share 2.4239
X GBP 28 Feb 2023 pence per share 2.5898

JOHCM UK Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 28 Feb 2023 pence per share 6.1160
A - accumulating GBP 28 Feb 2023 pence per share 9.5564
B - distributing GBP 28 Feb 2023 pence per share 5.7397
B - accumulating GBP 28 Feb 2023 pence per share 8.8440
Y - accumulating GBP 28 Feb 2023 pence per share 5.3515
Y - distributing GBP 28 Feb 2023 pence per share 4.1220

 

Net dividends quoted in the local share class currency.

If you would like more information, please contact Northern Trust directly on 0333 300 0359 or by email JOH_Onshore_TAQueries@ntrs.com. Email us at oeicdealing@johcm.co.uk.

Views & News

  • 17 Oct 2023

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  • 29 May 2023

    Benefits of Difference

    The strategy returned to the top decile for the IA UK All Companies peer group - what drove the return to outperformance?

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  • 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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Webcasts & Videos

  • JOHCM UK Dynamic Fund Q4 2023 Update

    19 Oct 2023 | 46 mins

  • JOHCM UK Dynamic Fund Q3 2023 Update

    25 Jul 2023 | 38 mins

  • Creating Value Through Transformation

    03 Jul 2023 | 27 mins

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

    26 May 2023 | 30 mins

  • Alex Savvides

    Senior Fund Manager

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  • Stephanie Geary

    Analyst

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  • Siddharth Sukumar

    Analyst

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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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