JOHCM UK Growth Fund

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Fund Description

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 but significant upside potential.

Investment Strategy
  • Mark and Vishal use a disciplined, stock selection-driven process in aiming to achieve long-term capital growth
  • The Fund represents a portfolio of typically 50-60 investments in companies that are capable of generating growth throughout the economic cycle and regardless of economic conditions
  • Aims to identify mispriced or undiscovered growth stocks,investing in good companies which are well-managed with consistent track records and a clear strategy
  • Imposes a ruthless selling discipline: a strict selling discipline is the underestimated skill of fund management
Reasons To Invest
  • Mark Costar is a highly experienced manager with a proven track record: he has been managing the Fund since its launch in 2001
  • Strong long-term performance record built on identifying mispriced or undiscovered growth stocks with high margins of safety but significant upside potential
  • All-cap product with a small-cap bias
  • Mark Costar

    Senior Fund Manager

    small image path
  • Vishal Bhatia

    Senior Fund Manager

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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 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.

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Investment Objective

The Fund aims to achieve long-term capital growth by investing in UK listed companies across the broad market cap range.

Fund details

Data as at 28 February 2021
Fund size GBP 417.58m
Benchmark FTSE All-Share TR 12pm adjusted
Domicile Ireland
Denomination GBP
Share classes
A GBP (Launch date) 07-May-2003
B GBP (Launch date) 06-November-2001
Unit type Distribution
XD Date 31 December
Payment date 28 February
Minimum investment
A GBP 1,000
B GBP 1,000
Valuation point Daily (12pm, UK time)
Dealing frequency Daily 9-5pm
Fund codes
ISIN SEDOL
A GBP IE0033009345 3300934
B GBP IE0031005543 3100554

Fund ratings and awards

Data as at 28 February 2021
  • Silver
  • 1Star_Seal_OverallRating star
Notes

©2020 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar Overall Ratings and Morningstar Analyst Ratings are as at 31/10/2020.

Fees and charges

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

Administration

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

The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.

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

Strategy Highlights

As at 28 February 2021

February was another noisy macro month, dominated by the shift in the inflation narrative, which itself has stemmed from broadly better-than-expected economic data, rising commodity prices and encouraging early signs on vaccine rollout. Combined with more resilient corporate results than expected, the end result has been a notable shift up in yields and an acceleration of the stock market rotation that we began to see at the back end of last year. We have long commented that it would not take much of shift in the price of risk for some of the high PE ‘fans favourites’ to start to look vulnerable, and there are clear early signs that this is starting to take hold. Long duration growth and perceived safety have been egregiously mispriced for an extended period and our valuation discipline has largely kept us away from these areas; an extended correction here is long overdue in our opinion and, whilst there may be some collateral damage in one or two of our names along the way, we would be net beneficiaries were it to continue. Meanwhile, we have a whole host of companies that have been trading on depressed multiples of depressed profits despite possessing strong balance sheets and underappreciated growth potential. These shares are beginning to wake from their slumber, but given the profound disconnect with their improving fundamentals there is potentially a very long way to go, a view backed by clear evidence of generally strong trading, excellent results or both.

The Fund had a pleasing month, helped by the positive market mix impact described above and some very encouraging progress in stock specific names. Importantly, there were no clear disappointments, with the main detractors over the period actually being our underweight positions in HSBC, Prudential and Royal Dutch Shell.

Strong contributions came from our financials book, most notably Just Group and Natwest. Although both are clearly helped by rising rates, the former has continued to react to the very strong trading update produced last month, allied to an appreciably improved balance sheet position and the clear structural growth opportunity ahead. Natwest delivered excellent results and despite a decent move in the shares over the last few months still look completely the wrong price. The repositioning of the group into higher return areas is undeniably bearing fruit, and, alongside past investment in its digital capability, has combined to deliver well above market volume growth with strong cost efficiency. Continued execution along these lines should bring 12-13% RoTE in the foreseeable future and yet the stock still languishes on 0.7x book with close to the strongest capital position in Europe.

Two new positions entered into the portfolio. Trufin has an exciting and disruptive proposition in a couple of market verticals and the resources to invest behind them to accelerate growth. With the explosive growth in PC and console gaming during the pandemic, its automated marketing monetisation solution, Playstack, looks especially well-placed and an impressive roster of blue chip brands attests to its potential. Finally, we have re-entered Moneysupermarket, a stock we know well from past ownership and from our successful ownership of close competitor Goco Group (and whose sale of our remaining position financed the purchase). We believe new management has laid out a credible plan to re-invigorate the franchise and unlock the immense potential from the treasure trove of data within.

The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.

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

Fund Reporting

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 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.

Percentage growth of the fund versus benchmark

Data as at 28 February 2021
A GBP share class, since launch (6 November 2001)

Return history (%)

Data as at 28 February 2021

Standardised Performance

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


Mar 16 - Mar 17 Mar 17 - Mar 18 Mar 18 - Mar 19 Mar 19 - Mar 20 Mar 20 - Mar 21
Fund 8.68% 16.55% -14.96% 15.44% 5.62%

Monthly returns (%)

Data as at 28 February 2021
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual Since inception
Fund 2001 1.93 1.88 3.84
Benchmark 2001 1.01 0.45 1.47
Fund 2002 -0.10 0.98 4.17 -0.65 0.19 -6.92 -8.54 -0.55 -11.38 5.86 6.24 -5.21 -16.34
Benchmark 2002 -1.04 -0.81 4.19 -1.55 -1.23 -8.42 -8.69 -0.87 -10.13 6.64 2.98 -4.84 -22.58
Fund 2003 -9.47 -1.16 2.22 11.13 7.83 1.17 4.11 4.46 -1.36 4.92 3.28 28.89
Benchmark 2003 -9.48 1.00 1.98 8.60 4.83 0.87 2.34 2.95 -0.89 3.44 1.48 2.96 20.83
Fund 2004 1.18 2.87 -2.09 2.14 -2.35 2.05 -1.84 1.34 3.43 1.11 2.02 3.87 14.34
Benchmark 2004 -0.32 3.26 -1.92 2.23 -1.70 1.73 -2.01 1.93 3.10 0.93 2.45 2.40 12.52
Fund 2005 2.78 3.78 -1.34 -3.85 2.74 4.53 4.85 0.98 2.57 -6.30 6.43 3.12 21.38
Benchmark 2005 1.64 3.17 -1.02 -2.60 4.09 3.07 3.68 0.72 3.58 -3.65 4.68 3.16 22.08
Fund 2006 4.81 2.39 2.82 1.69 -6.36 0.89 0.88 1.25 1.60 3.03 -0.41 3.31 16.61
Benchmark 2006 3.29 1.90 3.15 1.01 -5.44 2.56 1.46 0.63 1.66 2.83 0.40 2.47 16.77
Fund 2007 2.06 0.11 1.90 3.62 2.05 -2.06 -3.93 -1.23 -0.34 3.30 -8.66 -1.39 -5.13
Benchmark 2007 0.13 0.34 2.35 2.85 2.84 -1.90 -3.05 -0.43 2.18 4.41 -4.58 0.38 5.24
Fund 2008 -8.70 -0.67 -3.85 7.45 2.47 -9.04 1.99 4.91 -10.39 -11.21 -1.82 5.02 -23.34
Benchmark 2008 -10.17 2.85 -2.63 5.71 1.12 -8.43 -2.23 4.47 -14.36 -13.88 0.61 5.50 -29.59
Fund 2009 -3.61 -6.09 2.50 23.73 1.81 -0.15 10.08 12.53 4.61 -1.54 -1.98 1.84 48.64
Benchmark 2009 -5.31 -7.14 2.05 12.11 3.67 -2.65 7.88 7.38 5.38 -0.58 1.25 3.90 29.62
Fund 2010 -1.40 0.35 3.65 1.88 -8.98 -6.19 5.88 -3.52 9.09 2.40 -1.32 8.76 9.27
Benchmark 2010 -3.49 2.73 7.57 -0.81 -6.04 -4.89 6.70 -1.94 8.23 1.97 -1.53 6.99 15.01
Fund 2011 2.17 1.00 -3.82 2.72 -0.69 -2.77 -0.60 -11.21 -4.10 4.93 -5.81 0.33 -17.39
Benchmark 2011 -0.96 2.33 -0.15 2.45 -0.47 -1.52 -1.15 -8.36 -3.79 9.97 -4.22 2.67 -4.20
Fund 2012 8.99 6.79 -0.63 -1.67 -8.79 5.21 3.48 2.01 4.86 4.03 1.22 2.52 30.39
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 7.75 3.66 0.61 1.83 4.65 -4.00 7.33 0.55 2.55 2.52 1.29 3.23 36.38
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 -0.46 5.08 -2.51 2.35 -0.26 -1.78 0.26 3.28 -1.24 -0.92 2.09 -0.40 5.33
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 0.44 3.15 -2.13 1.01 2.69 -3.00 0.11 -4.28 -3.53 2.88 -0.76 -1.95 -5.59
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 -6.35 -1.36 4.08 0.21 -4.61 8.16 2.67 1.55 -0.15 0.73 4.26 8.68
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 4.15 -0.14 1.75 -1.33 4.45 -2.45 1.40 0.03 0.90 3.55 -0.30 3.70 16.55
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 -1.43 -3.39 -2.16 5.69 2.97 0.51 -1.83 -2.96 1.56 -7.30 -2.92 -4.17 -14.96
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 3.09 0.15 -0.52 5.36 -1.14 3.02 -1.05 -6.92 3.64 1.28 2.17 6.05 15.44
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 -2.42 -10.70 -22.14 17.44 2.85 1.53 -4.20 6.13 -3.97 0.79 20.21 7.30 5.62
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 -0.79 7.98 7.12 339.91
Benchmark 2021 -0.44 2.06 1.61 193.81

Source and notes

JOHCM/FTSE Group/Bloomberg/Lipper.

Data shown net of fees, net income reinvested. Please note that all fund performance is shown against the FTSE All-Share TR 12pm adjusted. Performance of other share classes may vary and is available on request.Where shown, monthly returns table shows compounded discrete monthly performance. All performance figures illustrate performance from the first full day that the Fund held investments. During the period 6 November 2001 to 7 May 2003 the performance record is based on the pre-existing share class that had a higher management fee.

FTSE International Limited (“FTSE”) © FTSE 2017. The Industry Classification Benchmark (“ICB”) and all  rights in it are owned by and vest in FTSE and/or its licensors. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. Neither FTSE, nor its licensors accept any liability for any errors or omissions in the ICB. No further distribution of ICB is permitted without FTSE’s express written consent.

Disclaimer

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

The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.

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

Fund statistics

Data as at 28 February 2021
Fund size GBP 417.58m
Number of holdings 60

Top 10 holdings and active weights

Data as at 28 February 2021
Top 10 holdings
BP 5.95%
Standard Chartered 3.84%
BT 3.76%
Associated British Foods 3.66%
Barclays 3.61%
Natwest 3.31%
Rio Tinto 3.26%
Anglo American 2.95%
Just group 2.92%
AstraZeneca 2.83%
Top 10 active weights
BP +3.31%
Standard Chartered +3.29%
Associated British Foods +3.28%
BT +3.27%
Natwest +2.92%
Just group +2.87%
NCC +2.50%
Rank Group +2.36%
Barclays +2.35%
N Brown Group +2.30%

Sector breakdown

Data as at 28 February 2021
Portfolio Benchmark Relative
Financials 22.81% 26.66% -3.86%
Technology 15.48% 1.07% 14.41%
Consumer Services 11.50% 12.48% -0.98%
Industrials 10.61% 12.72% -2.11%
Oil & Gas 9.09% 8.01% 1.08%
Health Care 8.51% 8.32% 0.18%
Consumer Goods 7.52% 15.59% -8.08%
Basic Materials 6.21% 10.19% -3.98%
Telecommunications 3.76% 2.13% 1.63%
Utilities 0.00% 2.82% -2.82%
Cash 4.53% 0.00% 4.53%

Market cap breakdown

Data as at 28 February 2021
Portfolio Benchmark Relative
Large Cap 40.37% 78.63% -38.26%
Medium Cap 18.40% 17.93% 0.47%
Small Cap 36.70% 3.44% 33.26%
Cash 4.53% 0.00% 4.53%

The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.

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

Fund

As at noon Share class Currency Domicile Sedol number NAV per share Change
JOHCM Asia ex Japan Fund 09/04/2021 A EUR Ireland B431KK7 2.779 -0.017
A GBP Ireland B3RQ272 2.856 -0.018
A USD Ireland B435PM6 2.448 -0.018
B GBP Ireland B3ZQS76 2.809 -0.018
B USD Ireland BF7NZT0 2.484 -0.019
B EUR Ireland B5L49R5 2.814 -0.018
Z GBP Ireland B44PG77 2.026 -0.013
Z USD Ireland BVG7681 1.635 -0.011
JOHCM Asia ex Japan Small and Mid Cap Fund 09/04/2021 A GBP Ireland B6R5LS4 2.742 -0.018
A USD Ireland B6R5QW3 2.496 -0.019
A EUR Ireland B6R5VD9 2.398 -0.016
B GBP Ireland B6R63P8 2.683 -0.018
B USD Ireland B6R5YM9 2.388 -0.019
B EUR Ireland B6R5HM0 2.720 -0.017
Z GBP Ireland B4X3T62 2.072 -0.014
JOHCM Continental European Fund 09/04/2021 A GBP Ireland 3300912 5.355 0.018
A USD Ireland BJ4G0G2 1.664 0.007
A EUR Ireland 3300923 4.312 0.016
A Hedged GBP Ireland BSJCJ49 1.458 0.006
B GBP Ireland 3100543 5.168 0.018
B USD Ireland BJ4G0H3 1.699 0.006
B EUR Ireland 3300901 4.344 0.014
Y GBP Ireland B993PD0 1.972 0.007
Y EUR Ireland B98YKX9 1.661 0.006
Y Hedged GBP Ireland BSJCJ50 1.520 0.006
JOHCM European Concentrated Value Fund 09/04/2021 A EUR Ireland BW0DJY9 1.099 0.002
B EUR Ireland BW0DJZ0 1.093 0.001
Z AUD Ireland BYNJFM8 1.234 0.003
Z EUR Ireland BYNJFN9 1.010 0.001
JOHCM European Select Values Fund 09/04/2021 A GBP Ireland 3290422 6.069 0.010
A EUR Ireland 3290433 3.895 0.006
B GBP Ireland 3290400 5.562 0.009
B EUR Ireland 3290411 2.609 0.004
Non-Distributing EUR Ireland BSFWK51 1.447 0.002
X EUR Ireland B4K14L9 1.867 0.002
Y EUR Ireland BMXC8L3 1.047 0.003
JOHCM Global Emerging Markets Opportunities Fund 09/04/2021 A GBP Ireland B4002N4 1.559 -0.010
A USD Ireland B4M6CN0 1.378 -0.010
A EUR Ireland B3ZBLW7 1.692 -0.010
B GBP Ireland B41RZ57 1.500 -0.009
B USD Ireland B4XXMP2 1.802 -0.013
B EUR Ireland B4TRCR0 1.672 -0.011
Y GBP Ireland BYSGJY4 1.878 -0.011
Y USD Ireland BYSGJZ5 1.677 -0.012
Z GBP Ireland B6R54W9 1.961 -0.012
Z CAD Ireland BBPK0L2 1.820 -0.013
Z AUD Ireland B5W6ZB6 2.066 -0.012
JOHCM Global Income Builder Fund 09/04/2021 GBP Ireland BFZWPH7 1.111 0.004
A SGD Ireland BFZWPG6 1.075 0.002
A GBP Ireland BFZWPC2 1.061 0.003
A USD Ireland BFZWPF5 1.085 0.003
A EUR Ireland BFZWPD3 1.081 0.003
B EUR Ireland BFZWPJ9 1.048 0.004
EUR EUR Ireland BKF2GH9 0.960 0.002
GBI GBP Ireland BHR0DJ1 1.085 0.003
JOHCM Global Opportunities Fund (offshore) 09/04/2021 A USD Ireland B89JY23 2.248 -0.002
A EUR Ireland B7MR557 2.399 0.001
A GBP Ireland B89PQM5 2.195 0.001
B GBP Ireland BF7NZS9 2.419 0.002
B USD Ireland B8295C7 2.141 -0.001
B EUR Ireland B80FZF0 2.210 0.001
IHX EUR Ireland BFZWWX2 1.084 0.000
X GBP Ireland BQVC9L0 1.874 0.001
X EUR Ireland BMCZLF8 1.173 0.001
X EUR Ireland BJ5JW42 1.093 0.000
X Hedged GBP Ireland BF29TX5 1.156 -0.001
Z GBP Ireland B83MS15 0.872 0.000
Z GBP Ireland BD6R4D6 1.660 0.001
Z EUR Ireland BDZD4M4 1.078 0.001
JOHCM Global Opportunities Fund (onshore) 09/04/2021 A Accumulating GBP UK BJ5JMC0 1.127 0.000
A Distributing GBP UK BJ5JMD1 1.083 0.000
AHA GBP UK BKDV8G1 1.157 -0.001
X Accumulating GBP UK BJ5JMF3 1.096 0.001
X Distributing GBP UK BJ5JMG4 1.080 0.000
JOHCM Global Select Fund 09/04/2021 A GBP Ireland B3DBRN2 4.625 0.015
A USD Ireland B3T31Z2 2.614 0.005
A EUR Ireland B3DBRP4 4.296 0.013
B GBP Ireland B3DBRL0 4.459 0.014
B USD Ireland B5L7L67 2.984 0.006
B EUR Ireland B3DBRM1 4.158 0.013
Z GBP Ireland B3DCMB8 3.329 0.012
Z USD Ireland B4V7J00 2.945 0.008
JOHCM Japan Fund 09/04/2021 A GBP Ireland B00X0H5 2.520 -0.001
A EUR Ireland 3438880 1.840 -0.001
A Hedged GBP Ireland B5LD7P6 1.815 0.004
A JPY JPY Ireland 3438891 365.482 0.765
B GBP Ireland 3438846 2.460 -0.002
B EUR Ireland 3438857 1.784 -0.001
B Hedged GBP Ireland B6386R1 1.819 0.004
B JPY JPY Ireland 3438868 361.419 0.752
JOHCM UK Dynamic Fund 09/04/2021 A Accumulating GBP UK B4T7HR5 2.621 0.001
A Distributing GBP UK B4T8552 1.832 0.001
B Accumulating GBP UK B4T7JX5 2.912 0.001
B Distributing GBP UK B4TXJ33 1.668 0.001
X Accumulating GBP UK BJ7HNB8 1.021 0.000
X Distributing GBP UK BJ5JMB9 0.954 0.000
Y GBP Ireland BDGKPZ4 0.955 0.001
Y GBP UK BDZRJ21 1.149 0.001
Y Accumulating GBP UK BDZRJ10 1.512 0.001
JOHCM UK Equity Income Fund 09/04/2021 A Accumulating GBP UK B03KR50 3.988 0.013
A Distributing GBP UK B03KP23 1.878 0.006
B Accumulating GBP UK B03KR83 3.698 0.012
B Distributing GBP UK B03KR61 1.739 0.005
X Distributing GBP UK BYV9S21 0.936 0.003
Y GBP UK B95FCK6 1.267 0.004
Y Accumulating GBP UK B8FCHK5 1.609 0.005
JOHCM UK Growth Fund 09/04/2021 A GBP Ireland 3300934 4.125 0.021
B GBP Ireland 3100554 3.596 0.018
REU EUR Ireland BLLV8D7 2.223 0.011
RUD USD Ireland BLLV8C6 2.457 0.009
X USD Ireland BLLV871 2.464 0.009
X EUR Ireland BLLV8B5 2.094 0.011
X EUR Ireland BLLV882 2.229 0.011
X GBP Ireland BLLV893 2.070 0.010
JOHCM UK Opportunities Fund 09/04/2021 A Accumulating GBP UK B0LLB64 3.269 0.016
A Distributing GBP UK B3K76Q9 2.147 0.011
B Accumulating GBP UK B0LLB75 3.044 0.015
B Distributing GBP UK B3K76P8 2.027 0.010
X Accumulating GBP UK BQJZQQ5 1.503 0.007
X Distributing GBP UK B95MSF4 1.216 0.006
Y GBP UK B95J5C1 1.445 0.008
Y Accumulating GBP UK B95HP81 1.828 0.009
Regnan Global Equity Impact Solutions Fund (offshore) 09/04/2021 GBP Ireland BN2BDR9 0.942 0.003
USD Ireland BN2BDV3 0.949 0.002
A GBP Ireland BN2BD80 0.939 0.003
A USD Ireland BN2BDC4 0.946 0.001
A EUR Ireland BN2BD91 0.966 0.004
B GBP Ireland BN2BDD5 0.938 0.003
B USD Ireland BN2BDH9 0.945 0.002
B EUR Ireland BN2BDF7 0.964 0.004
EUR EUR Ireland BN2BDS0 0.968 0.003
HSE EUR Ireland BN2BDT1 0.946 0.002
IHX EUR Ireland BN2BDB3 0.943 0.001
RHX EUR Ireland BN2BDG8 0.942 0.003
Z GBP Ireland BN2BDN5 0.940 0.003
Regnan Global Equity Impact Solutions Fund (onshore) 09/04/2021 A Accumulating GBP UK BMCZDD0 1.094 0.004
DNA GBP UK BMCZDJ6 1.098 0.004
Y Accumulating GBP UK BMCZDK7 1.095 0.004

Dividend Rates

Funds paying monthly dividends

JOHCM Global Income Builder Fund

Share class 04/20 05/20 06/20 07/20 08/20 09/20 10/20 11/20 12/20 01/21 02/21 03/21 04/21
A  GBP 0.4276 0.4164 0.4095 0.4554 0.4276 0.3871 0.4592 0.4016 0.4363 0.4312 0.3200 0.3071 0.3763
A EUR 0.4180 0.4202 0.4065 0.4551 0.4180 0.3838 0.4431 0.3928 0.4289 0.4233 0.3205 0.3138 0.3899
A USD   0.4154 0.3897 0.3833 0.4212 0.4154 0.3885 0.4393 0.3865 0.4335 0.4393 0.3270 0.3191 0.3864
A SGD  0.4224 0.4070 0.3970 0.4323 0.4224 0.3895 0.4425 0.3899 0.4296 0.4274 0.3217 0.3140 0.3844
B EUR 0.4083 0.4115 0.3978 0.4351 0.4083 0.3745 0.4319 0.3826 0.4174 0.4115 0.3114 0.3046 0.3781
Seed 0.4464 0.4342 0.4272 0.4752 0.4464 0.3402 0.3929 0.3484 0.3806 0.3757 0.2846 0.2787 0.3464

Net dividends quoted in the local share class currency.

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

Funds paying quarterly dividends

JOHCM UK Equity Income Fund

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

Dividends are quoted and paid in pence per share

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

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

Funds paying annual dividends

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


JOHCM Asia ex Japan Fund

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

JOHCM Asia ex Japan Small and Mid Cap Fund

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

JOHCM Concentrated Global Share Fund

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

JOHCM Continental European Fund

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

JOHCM European Select Values Fund

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

JOHCM European Concentrated Value Fund

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

JOHCM Global Emerging Markets Opportunities Fund

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

JOHCM Global Opportunities Fund

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

JOHCM Global Select Fund

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

JOHCM Japan Fund

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

JOHCM UK Dynamic Fund

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

JOHCM UK Growth Fund

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

JOHCM UK Opportunities Fund

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

 

Net dividends quoted in the local share class currency.

If you would like more information, please contact RBC directly on 00353 14406555 or by fax on 00353 16131132 (0845 450 1974 and 02077475690 have been disabled). Email us at oeicdealing@johcm.co.uk.

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  • Mark Costar

    Senior Fund Manager

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  • Vishal Bhatia

    Senior Fund Manager

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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 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.

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Environmental and Social Characteristics

Amongst other characteristics, the Fund promotes environmental and social characteristics and invests in companies that apply good corporate governance.  JOHCM Funds (Ireland) Limited, the Fund’s manager has therefore categorised the Fund as meeting the provisions set out in Article 8 of EU Regulation 2019/2088 on sustainability-related disclosures in the financial services sector (“SFDR”).  

J O Hambro Capital Management Limited (“Investment Manager”) seeks to invest only in companies that meet minimum sustainability practices. The Investment Manager refers to the ten principles of the UN Global Compact, which promote sustainable and responsible corporate development in order to make globalisation more socially and ecologically focused. They fall into the categories of the protection of human rights, maintenance of appropriate labour standards, promoting environmental responsibility and the prevention of corruption.   

In order to achieve the above, the Fund excludes investment in those companies it considers “non-sustainable”. The issuer of a security is considered “non-sustainable” if it is “non-compliant” with the UN Global Compact. The selection criteria may not be disapplied or overridden by the Investment Manager. We utilise the UN Global Compact assessment of our third-party provider, Sustainalytics. 

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 characteristics of the Fund, the Investment Manager will review the carbon footprint of the portfolio and environmental data published by its investee companies.  For the social characteristics of the Fund, the Investment Manager will review 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.

Periodic Reports

A description of the extent to which environmental and social characteristics are met will be available as part of the annual report which will be published on this website once available. The Fund’s most recent annual report does not include any information pursuant to SFDR. 

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