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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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 Opportunities Fund

Fund managers Rachel Reutter and Michael Ulrich focus firstly on preserving a client’s capital and secondly, on growing that capital. Growth will be achieved over the long term through a concentrated portfolio of low risk business models purchased at attractive valuations. The Fund typically invests in larger companies that operate wit...

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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 30 April 2020
Fund size GBP 153.75m
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 30 April 2020
  • 2 Stars
  • Silver
  • 1 star
  • FE_MarkCostar
Notes

©2019 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 30/11/2019.

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.

Investment Background

As at 30 April 2020

Events continue to evolve at a rapid pace in this truly unique crisis. From multiple record setting days in both directions by the stockmarket, to federal & government support of truly eye-watering proportions and from there to a negative oil price. Valuation dispersions which were already at all-time extremes have accelerated still further, creating staggering differentials between the haves and have nots. Many businesses that were thriving a few short weeks ago now face a bleak future in a social distancing world, a world of quantum structural shifts, stranded assets and deep recession. Meanwhile, work from home inboxes strain with essays and predictions of the post-Covid environment, ironically authored by the very same discredited economists & strategists who failed to anticipate its scale and magnitude in the first place. That they are consumed simply highlights our innate desire for certainty and predictability, but the cold reality is that at the present moment that is as far away as ever. From an investment perspective, that means balance sheet strength, clear valuation support and decisive, agile management teams become critical. The winners coming out of this fraught experience will, in many cases, be very different from the winners going into it. That should favour mispriced and undiscovered growth and points to an immense opportunity for our process.  It will take patience, discipline and pragmatism; and it will certainly not be easy - pronounced volatility and sharp rotations will be an inevitable consequence of the times we are currently in.

 

Strategy Highlights

We have consistently said since this turmoil began that it will be difficult to judge where we really are until we see a period of relative calm and we stick to that view. Nevertheless it was clearly pleasing to see a strong bounce back in performance over the month and most particularly as it was generated entirely from stock selection rather than sector allocation.

Negative contributions came principally from our underweight positions in large cap pharmaceuticals and consumer staples. The positive side, however, was driven by encouraging progress at Goco Group, Elecosoft and Volex (constructive trading updates) as well as Rank, NBrown and Sigma Capital (recovery from unjustified March weakness). The two standout performers however were Avacta Group and Venture Life, both longstanding holdings and significant positions in the portfolio.

These two possess a number of similar characteristics. Both have been unloved and marooned in a moribund UK small-cap market, buffeted by the triple forces of paralyzing Brexit uncertainty, the progressive institutional shift up the market capitalization scale and the destructive legacy of Woodford and the scorched earth he left behind. As a result, they have been frustrating performers (indeed both have featured periodically on our ‘cyclical’ list of underperformers over the last 18-24 months) despite some incredibly encouraging fundamental progress. Consequently, as the terms of trade continued to improve and clear and compelling value was building underneath the share price, we had been adding to the positions, giving us robust holdings at very attractive prices and now subsequently benefiting from the strong reversal.

Venture Life is a leading developer, distributor and manufacturer of OTC medicines with a particular strength in oral hygiene. Rising awareness of the anti-bacterial properties these products have on the immune system is re-igniting growth in the category (particularly relevant in a post-Covid-19 world) and their consistent investment in emerging markets (especially China) has borne fruit with a bulging order book and culminating in the company’s largest ever contract. Combined with an underappreciated position in hand sanitizer, a derisory valuation, forecasts that are still too low and a very robust balance sheet we still see very significant upside from here.

Avacta is a unique Affimer scaffolding and diagnostics company, a potentially hugely valuable and adaptable drug delivery platform to Antibodies. Having already signed multiple collaborations and partnerships over the last several months (all effectively ignored by the stockmarket) in oncology and chemotherapy, the company has again demonstrated the value and versatility in its IP by utilizing this expertise to rapidly produce re-agents for an antigen test for Covid-19. This test is potentially game changing in that it is a simple, lateral flow device, similar to a pregnancy test strip with the results in 10-15 minutes. This is no fluke as the company has produced such tests before for the Zika virus. Already, strong credible partners such as Cytiva (GE Healthcare) and Adeptrix have agreed deals and more are expected to follow. This is self-evidently a massive potential opportunity for the company but it has also highlighted the enormous inherent worth in its platform. The shares have responded very powerfully, and, whilst we have clearly taken some profit commensurate with such an advance, we remain tremendously excited about its future.

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 30 April 2020
A GBP share class, since launch (6 November 2001)

Return history (%)

Data as at 30 April 2020

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 15 - Mar 16 Mar 16 - Mar 17 Mar 17 - Mar 18 Mar 18 - Mar 19 Mar 19 - Mar 20
Fund -13.98% 24.49% 2.62% -6.26% -23.74%

Monthly returns (%)

Data as at 30 April 2020
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 -20.32 209.80
Benchmark 2020 -2.84 -9.37 -15.89 8.64 -19.54 157.14

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 30 April 2020
Fund size GBP 153.75m
Number of holdings 48

Top 10 holdings and active weights

Data as at 30 April 2020
Top 10 holdings
BP 5.81%
Sigma Capital Group 3.61%
Standard Chartered 3.58%
ROLLS-Royce 3.41%
Associated British Foods 3.36%
Anglo American 3.34%
Rio Tinto 3.26%
Barclays 3.24%
Avacta Group plc 3.14%
Science In Sport 3.01%
Top 10 active weights
Sigma Capital Group +3.61%
Avacta Group plc +3.14%
ROLLS-Royce +3.10%
Science In Sport +3.01%
Associated British Foods +3.00%
Standard Chartered +3.00%
Venture Life Group Plc +2.98%
GOCO GROUP +2.80%
Gresham Computing +2.80%
Tekmar Group Plc +2.73%

Sector breakdown

Data as at 30 April 2020
Portfolio Benchmark Relative
Financials 24.96% 25.22% -0.25%
Industrials 13.01% 11.52% 1.48%
Technology 12.27% 1.07% 11.20%
Oil & Gas 12.14% 9.19% 2.95%
Consumer Services 11.70% 11.63% 0.06%
Health Care 8.09% 11.95% -3.86%
Basic Materials 6.60% 7.44% -0.83%
Consumer Goods 6.37% 16.15% -9.79%
Telecommunications 2.55% 2.29% 0.26%
Utilities 0.00% 3.54% -3.54%
Cash 2.32% 0.00% 2.32%

Market cap breakdown

Data as at 30 April 2020
Portfolio Benchmark Relative
Large Cap 40.47% 80.40% -39.94%
Medium Cap 7.05% 16.40% -9.35%
Small Cap 50.16% 3.20% 46.96%
Cash 2.32% 0.00% 2.32%

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 28/05/2020 A GBP Ireland B3RQ272 2.004 -0.005
A USD Ireland B435PM6 1.534 0.001
A EUR Ireland B431KK7 1.880 -0.005
B EUR Ireland B5L49R5 1.915 -0.004
B USD Ireland BF7NZT0 1.565 0.001
B GBP Ireland B3ZQS76 1.981 -0.005
Z GBP Ireland B44PG77 1.420 -0.003
Z USD Ireland BVG7681 1.023 0.001
JOHCM Asia ex Japan Small and Mid Cap Fund 28/05/2020 A GBP Ireland B6R5LS4 2.120 0.001
A USD Ireland B6R5QW3 1.727 0.007
A EUR Ireland B6R5VD9 1.792 0.001
B GBP Ireland B6R63P8 2.093 0.002
B USD Ireland B6R5YM9 1.665 0.008
B EUR Ireland B6R5HM0 2.048 0.002
Z GBP Ireland B4X3T62 1.607 0.003
JOHCM Continental European Fund 28/05/2020 A GBP Ireland 3300912 4.194 0.042
A USD Ireland BJ4G0G2 1.254 0.013
A EUR Ireland 3300923 3.257 0.033
A Hedged GBP Ireland BSJCJ49 1.097 0.011
B GBP Ireland 3100543 4.047 0.040
B USD Ireland BJ4G0H3 1.279 0.013
B EUR Ireland 3300901 3.282 0.033
X Hedged GBP Ireland BDZD4P7 0.852 0.009
Y GBP Ireland B993PD0 1.544 0.015
Y EUR Ireland B98YKX9 1.255 0.013
Y Hedged GBP Ireland BSJCJ50 1.148 0.012
JOHCM European Concentrated Value Fund 28/05/2020 A EUR Ireland BW0DJY9 0.916 0.004
B USD Ireland BW0DK13 0.988 0.009
B EUR Ireland BW0DJZ0 0.912 0.005
Z AUD Ireland BYNJFM8 1.098 0.003
Z EUR Ireland BYNJFN9 0.843 0.004
JOHCM European Select Values Fund 28/05/2020 A GBP Ireland 3290422 4.795 0.036
A EUR Ireland 3290433 2.969 0.023
B GBP Ireland 3290400 4.395 0.034
B EUR Ireland 3290411 1.989 0.016
Non-Distributing EUR Ireland BSFWK51 1.098 0.009
X EUR Ireland B4K14L9 1.424 0.012
JOHCM Global Emerging Markets Opportunities Fund 28/05/2020 A GBP Ireland B4002N4 1.214 -0.001
A USD Ireland B4M6CN0 0.959 0.003
A EUR Ireland B3ZBLW7 1.271 0.000
B GBP Ireland B41RZ57 1.168 -0.001
B USD Ireland B4XXMP2 1.254 0.003
B EUR Ireland B4TRCR0 1.257 0.000
Y GBP Ireland BYSGJY4 1.463 -0.001
Y USD Ireland BYSGJZ5 1.167 0.003
Z GBP Ireland B6R54W9 1.527 -0.001
Z CAD Ireland BBPK0L2 1.384 -0.003
Z AUD Ireland B5W6ZB6 1.657 -0.005
JOHCM Global Income Builder Fund 28/05/2020 GBP Ireland BFZWPH7 1.084 0.004
A SGD Ireland BFZWPG6 0.995 0.006
A GBP Ireland BFZWPC2 1.039 0.004
A USD Ireland BFZWPF5 0.948 0.006
A EUR Ireland BFZWPD3 1.021 0.004
B EUR Ireland BFZWPJ9 1.000 0.005
EUR EUR Ireland BKF2GH9 0.904 0.004
GBI GBP Ireland BHR0DJ1 1.014 0.004
HEU EUR Ireland BJGW7C3 0.913 0.007
JOHCM Global Opportunities Fund (offshore) 28/05/2020 A GBP Ireland B89PQM5 2.036 0.012
A USD Ireland B89JY23 1.863 0.016
A EUR Ireland B7MR557 2.146 0.011
B GBP Ireland BF7NZS9 2.258 0.013
B USD Ireland B8295C7 1.785 0.015
B EUR Ireland B80FZF0 1.990 0.011
IHX EUR Ireland BFZWWX2 0.908 0.008
X GBP Ireland BQVC9L0 1.736 0.009
X EUR Ireland BJ5JW42 0.979 0.006
X GBP Ireland BK8M212 0.969 0.005
X Hedged GBP Ireland BF29TX5 0.949 0.008
Z GBP Ireland B83MS15 0.804 0.005
Z GBP Ireland BD6R4D6 1.495 0.009
Z EUR Ireland BDZD4M4 0.957 0.005
JOHCM Global Opportunities Fund (onshore) 28/05/2020 A Accumulating GBP UK BJ5JMC0 1.021 0.006
A Distributing GBP UK BJ5JMD1 1.006 0.006
AHA GBP UK BKDV8G1 0.943 0.008
X Accumulating GBP UK BJ5JMF3 0.991 0.006
X Distributing GBP UK BJ5JMG4 1.001 0.006
JOHCM Global Select Fund 28/05/2020 A GBP Ireland B3DBRN2 3.597 0.049
A USD Ireland B3T31Z2 1.817 0.030
A EUR Ireland B3DBRP4 3.223 0.044
B GBP Ireland B3DBRL0 3.482 0.048
B USD Ireland B5L7L67 2.081 0.035
B EUR Ireland B3DBRM1 3.133 0.044
Z GBP Ireland B3DCMB8 2.572 0.035
Z USD Ireland B4V7J00 2.033 0.035
JOHCM Japan Fund 28/05/2020 A GBP Ireland 3438879 2.227 0.020
A EUR Ireland 3438880 1.569 0.014
A Hedged GBP Ireland B5LD7P6 1.413 0.016
A JPY JPY Ireland 3438891 283.496 3.241
B GBP Ireland 3438846 2.174 0.019
B EUR Ireland 3438857 1.521 0.014
B Hedged GBP Ireland B6386R1 1.439 0.017
B JPY JPY Ireland 3438868 280.327 3.364
JOHCM UK Dynamic Fund 28/05/2020 A Accumulating GBP UK B4T7HR5 2.009 0.018
A Distributing GBP UK B4T8552 1.444 0.013
B Accumulating GBP UK B4T7JX5 2.242 0.020
B Distributing GBP UK B4TXJ33 1.320 0.012
X Accumulating GBP UK BJ7HNB8 0.781 0.007
X Distributing GBP UK BJ5JMB9 0.751 0.007
Y GBP UK BDZRJ21 0.905 0.009
Y GBP Ireland BDGKPZ4 0.752 0.007
Y Accumulating GBP UK BDZRJ10 1.157 0.010
JOHCM UK Equity Income Fund 28/05/2020 A Accumulating GBP UK B03KR50 2.885 0.028
A Distributing GBP UK B03KP23 1.401 0.013
B Accumulating GBP UK B03KR83 2.687 0.026
B Distributing GBP UK B03KR61 1.303 0.012
X Distributing GBP UK BYV9S21 0.697 0.007
Y GBP UK B95FCK6 0.944 0.009
Y Accumulating GBP UK B8FCHK5 1.163 0.011
JOHCM UK Growth Fund 28/05/2020 A GBP Ireland 3300934 2.806 0.001
B GBP Ireland 3100554 2.434 0.000
REU EUR Ireland BLLV8D7 1.440 0.000
RUD USD Ireland 1.475 0.005
X USD Ireland BLLV871 1.476 0.005
X EUR Ireland 1.411 0.000
X EUR Ireland BLLV882 1.441 0.000
X GBP Ireland BLLV893 1.390 0.000
JOHCM UK Opportunities Fund 28/05/2020 A Accumulating GBP UK B0LLB64 2.806 0.041
A Distributing GBP UK B3K76Q9 1.887 0.028
B Accumulating GBP UK B0LLB75 2.624 0.039
B Distributing GBP UK B3K76P8 1.790 0.027
X Accumulating GBP UK BQJZQQ5 1.294 0.019
X Distributing GBP UK B95MSF4 1.065 0.016
Y GBP UK B95J5C1 1.269 0.019
Y Accumulating GBP UK B95HP81 1.566 0.023

Dividend Rates

Funds paying monthly dividends

JOHCM Global Income Builder Fund

Share class 06/19 07/19 08/19 09/19 10/19 11/19 12/19 01/20 02/20 03/20
A  GBP 0.4143 0.5095 0.4572 0.4716 0.4537 0.4537 0.4276 0.4668 0.4491 0.4176
A EUR 0.4075 0.4935 0.4441 0.4695 0.4650 0.4650 0.4426 0.4862 0.4680 0.4171
A USD   0.3902 0.4598 0.4114 0.4324 0.4384 0.4384 0.4117 0.4592 0.4372 0.3853
A SGD  0.3905 0.4672 0.4228 0.4429 0.4398 0.4398 0.4164 0.4573 0.4418 0.4079
B EUR 0.4025 0.4870 0.4379 0.4627 0.4579 0.4579 0.4355 0.4775 0.4595 0.4088
Seed 0.4297 0.5287 0.4746 0.4897 0.4714 0.4714 0.0411 0.4859 0.4677 0.3691

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 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20
A distributing GBP 3.6600 2.7765 1.9368 2.0957 3.6523 2.7970 2.0409 1.5930
A accumulating GBP 6.7535 5.2101 3.6835 4.0293 7.1000 5.5449 4.1082 3.2391
B distributing GBP  3.4380 2.6034 1.8139 1.9597 3.4124 2.6093 1.9017 1.4790
B accumulating GBP 6.3593 4.8980 3.4588 3.7777 6.6508 5.1861 3.8367 3.0210
Y distributing GBP 2.4607 1.8670 1.3028 1.4102 2.4582 1.8832 1.3744 1.0730
Y accumulating GBP 2.7171 2.0960 1.4823 1.6220 2.8588 2.2334 1.6547 1.3051

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 2019 and pay date of 28 February 2020.


JOHCM Asia ex Japan Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2020 pence per share 1.8021
A EUR 28 Feb 2020 cents per share 1.7923
A USD 28 Feb 2020 cents per share 1.4855
B GBP 28 Feb 2020 pence per share 0.6266
B EUR 28 Feb 2020 cents per share 0.0638
B USD 28 Feb 2020 cents per share 1.6124

JOHCM Asia ex Japan Small and Mid Cap Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2020 pence per share 3.1300
A EUR 28 Feb 2020 cents per share 2.8099
A USD 28 Feb 2020 cents per share 2.7475
B GBP 28 Feb 2020 pence per share 1.8821
B EUR 28 Feb 2020 cents per share 1.9280
B USD 28 Feb 2020 cents per share 1.6124

JOHCM Concentrated Global Share Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2020 pence per share 0.09794

JOHCM Continental European Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2020 pence per share 2.4706
A EUR 28 Feb 2020 cents per share 7.4192
A - hedge GBP 28 Feb 2020 pence per share 9.0139
B GBP 28 Feb 2020 pence per share 6.5954
B EUR 28 Feb 2020 cents per share 5.6691
B - hedge USD 28 Feb 2020 cents per share 2.1446
Y GBP 28 Feb 2020 pence per share 3.0314
Y - hedge GBP 28 Feb 2020 pence per share 2.7274
Y EUR 28 Feb 2020 cents per share 3.0314

JOHCM European Select Values Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2020 pence per share 5.9865
A EUR 28 Feb 2020 cents per share 3.9287
B GBP 28 Feb 2020 pence per share 2.9895
B EUR 28 Feb 2020 cents per share 1.4341

JOHCM European Concentrated Value Fund

Share class Currency Pay date Dividend paid in Dividend rate
A EUR 28 Feb 2020 cents per share 1.6278
B USD 28 Feb 2020 cents per share 1.1828
B EUR 28 Feb 2020 cents per share 1.0740

JOHCM Global Emerging Markets Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2020 pence per share 3.3106
A EUR 28 Feb 2020 cents per share 3.6734
A USD 28 Feb 2020 cents per share 2.8168
B GBP 28 Feb 2020 pence per share 2.4157
B EUR 28 Feb 2020 cents per share 2.7523
B USD 28 Feb 2020 cents per share 2.7885
Y GBP 28 Feb 2020 pence per share 4.2322
Y USD 28 Feb 2020 cents per share 3.6147

JOHCM Global Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2020 pence per share 5.0670
A EUR 28 Feb 2020 cents per share 5.6662
A USD 28 Feb 2020 cents per share 4.9928
B GBP 28 Feb 2020 pence per share 5.6608
B EUR 28 Feb 2020 cents per share 5.2893
B USD 28 Feb 2020 cents per share 4.8215

JOHCM Global Select Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2020 pence per share 2.8206
A EUR 28 Feb 2020 cents per share 2.6793
A USD 28 Feb 2020 cents per share 1.5358
B GBP 28 Feb 2020 pence per share 0.3902
B EUR 28 Feb 2020 cents per share 0.3720
B USD 28 Feb 2020 cents per share 0.2511

JOHCM Japan Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2020 pence per share 3.1582
A EUR 28 Feb 2020 cents per share 2.3586
A JPY 28 Feb 2020 yen per share 437.0683
A - hedged GBP 28 Feb 2020 pence per share 2.1461
B GBP 28 Feb 2020 pence per share 1.9398
B EUR 28 Feb 2020 cents per share 1.4400
B JPY 28 Feb 2020 yen per share 271.9972
B - hedged GBP 28 Feb 2020 pence per share 1.3891

JOHCM UK Dynamic Fund

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 28 Feb 2020 pence per share 8.3375
A - accumulating GBP 28 Feb 2020 pence per share 1.1143
B - distributing GBP 28 Feb 2020 pence per share 7.6644
B - accumulating GBP 28 Feb 2020 pence per share 1.2491
Y - distributing GBP 28 Feb 2020 pence per share 5.2184
Y - accumulating GBP 28 Feb 2020 pence per share 6.4131
Y GBP 28 Feb 2020 pence per share 4.3172

JOHCM UK Growth Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2020 pence per share 7.3614
B GBP 28 Feb 2020 pence per share 5.0086

JOHCM UK Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 28 Feb 2020 pence per share 6.4553
A - accumulating GBP 28 Feb 2020 pence per share 9.3148
B - distributing GBP 28 Feb 2020 pence per share 6.1496
B - accumulating GBP 28 Feb 2020 pence per share 8.7487
Y - accumulating GBP 28 Feb 2020 pence per share 1.6547
Y - distributing GBP 28 Feb 2020 pence per share 4.3346

 

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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