Samir Mehta
Senior Fund Manager
Samir's investment philosophy is based on the following beliefs:
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.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
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 manager Cho-Yu Kooi, based in our Singapore office, shares the same investment philosophy and approach as Samir Mehta, manager of the all-cap JOHCM Asia ex Japan Fund, both fund managers having worked alongside one another for many years prior to joining JOHCM in 2011. She employs a fundamental-based, predominantly bottom-up investment ...
Read MoreThe investment objective of the Fund is to achieve long-term capital appreciation through investment, both direct and indirect, in a diversified portfolio of Asia ex-Japan equity securities. The Fund aims to achieve its investment objective primarily through investment in equity securities of companies domiciled or exercising the predominant part of their economic activities in Asia ex-Japan. The investment process is focused on identifying and owning quality, long-term, sustainable growth companies; meaning businesses which can sustainably grow over economic and liquidity cycles. The Fund will generally invest in stocks of companies from the consumer, telecoms, infrastructure, internet or brand ownership sectors, which have market capitalisation of greater than US$500 million.
Fund size | GBP 31.72m | |||||||||||||||||||||
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Strategy size | GBP 568.02m (as at 31 March 2022) | |||||||||||||||||||||
Benchmark | MSCI AC Asia ex Japan NR 12pm adjusted | |||||||||||||||||||||
Domicile | Ireland | |||||||||||||||||||||
Denomination | GBP, EUR, USD | |||||||||||||||||||||
Share classes |
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Unit type | Distribution | |||||||||||||||||||||
Minimum investment |
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Valuation point | Daily (12pm, UK time) | |||||||||||||||||||||
Dealing frequency | Daily 9-5pm | |||||||||||||||||||||
Fund codes |
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©2022 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 31/03/2022.
The Elite Rating™ system is proprietary to FundCalibre Ltd, but should not be taken as a recommendation.
Initial charge | Up to 5% |
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Annual mgmt charge (A) | 0.90% |
Annual mgmt charge (B) | 1.50% |
Performance fee | 15% on excess if Fund outperforms benchmark, calculated daily. Any underperformance carried forward. This fee applies to all share classes. |
Status | UCITS |
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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.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
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.
TAM! TAM! Thank you MAN – with apologies to Slade.
As the Federal Reserve pivots, TAM (Total Addressable Market) morphs to MAN (Margins Asset turns and Net profits).
Asian stock markets remained under pressure. Fears veered between the effects of fallout from the war in Ukraine, the likelihood of a US slowdown, the Fed’s tightening and China’s zero tolerance for COVID cases. Stocks are pricing in a fair degree of pessimism yet risk appetite remains subdued. The fund performed marginally below the index. We have a bit of cash in the fund, which we will look to deploy, mostly in China.
I too plead guilty to employing clichés in my presentations about markets in Asia. Huge population; low per capita metrics for goods (cars/housing) or services (insurance/online payments); vast economic opportunity and a long runway for growth.
Those metrics are factual. Asian economies have grown substantially over the past two decades. Post the Asian financial crisis, employment grew, per capita income rose, and aggregate wealth exploded. Yet today, we are all captive to the decisions of the few at the Federal Reserve. No matter how we cut it, ultimately, their actions, in both setting rates but more so in opening and closing the spigots of liquidity, determine the trajectory of growth. That one exogenous factor overwhelms almost everything.
The current monetary environment imposes discipline on all of us. In the past decade, an abundance of cheap capital spawned several businesses (especially disruptive start-ups). All that mattered was ‘how big is your TAM’. Attaining profitability was a distant if secondary objective. That is now changed. Subsidies and discounts fuelled top line growth. Now, markets demand cash flows and profits. Inflation is affecting business costs while shrinking disposable incomes for consumers is a reality. In absence of subsidies, many consumers will not afford to buy (discretionary) goods and services. A period of generally slower growth and a demise of cash guzzling businesses is upon us. Consolidation amongst disruptive businesses is inevitable; the path there involves disruption of a different kind.
For investors, there is nowhere to hide. Preservation of capital is at the forefront of our minds. Even though I remain constructive on China’s equity markets, the continuing zero-COVID policy so far undermines my view. I do still hold the opinion that current valuations factor in most of the risks. Any positive policy shifts either on lifting lockdowns or a stimulus could lead to upside. Meanwhile, I have reduced exposure to India. I continue to own what we consider quality long-term growth businesses. Yet, inflation is an immediate challenge while extended valuations are a headwind.
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.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
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.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
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.
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. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. 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 17 - Mar 18 | Mar 18 - Mar 19 | Mar 19 - Mar 20 | Mar 20 - Mar 21 | Mar 21 - Mar 22 | |
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Fund | -0.92% | -4.31% | -4.57% | 54.76% | -12.01% |
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual | Since inception | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 2011 | 9.90 | -3.28 | 1.22 | 7.60 | ||||||||||
Benchmark | 2011 | 9.09 | -5.91 | 1.45 | 4.13 | ||||||||||
Fund | 2012 | 5.76 | 4.39 | 0.51 | -1.76 | -4.09 | 0.80 | 1.23 | 2.70 | 3.48 | 0.82 | 2.44 | 2.78 | 20.35 | |
Benchmark | 2012 | 8.68 | 4.98 | -3.61 | -1.48 | -5.17 | 2.34 | 2.11 | -1.50 | 4.65 | 0.23 | 3.15 | 2.50 | 17.29 | |
Fund | 2013 | 5.76 | 4.25 | 1.47 | 2.63 | 2.23 | -6.33 | -0.14 | -8.96 | 1.70 | 6.63 | -2.14 | -1.53 | 4.44 | |
Benchmark | 2013 | 4.07 | 3.74 | -1.96 | -0.25 | 0.52 | -5.86 | 2.14 | -3.48 | 1.19 | 5.11 | -1.66 | -2.24 | 0.72 | |
Fund | 2014 | -3.11 | 3.21 | 0.52 | -0.74 | 1.78 | 1.39 | 3.53 | 3.48 | -1.55 | 2.46 | 4.46 | -1.72 | 14.23 | |
Benchmark | 2014 | -4.85 | 2.35 | 1.17 | -0.30 | 4.59 | 0.50 | 4.68 | 2.51 | -3.52 | 3.10 | 2.20 | -1.33 | 11.15 | |
Fund | 2015 | 6.95 | 0.06 | 3.23 | -2.36 | 0.60 | -4.20 | -1.57 | -5.22 | 0.27 | 2.41 | -2.03 | 1.67 | -0.80 | |
Benchmark | 2015 | 5.80 | -0.35 | 4.76 | 2.88 | -1.59 | -6.52 | -5.55 | -8.81 | -0.32 | 6.98 | -1.28 | 0.77 | -4.50 | |
Fund | 2016 | -2.69 | 3.18 | 1.18 | -1.49 | 0.79 | 10.58 | 9.16 | 4.38 | 3.58 | 4.35 | -7.96 | -2.71 | 23.00 | |
Benchmark | 2016 | -4.52 | 2.47 | 7.14 | -2.43 | -1.28 | 11.21 | 7.38 | 3.66 | 2.99 | 4.92 | -5.08 | -0.84 | 27.13 | |
Fund | 2017 | 5.12 | 3.15 | 3.05 | 2.33 | -1.04 | 4.56 | 4.95 | -6.77 | 3.89 | -0.32 | 0.95 | 21.02 | ||
Benchmark | 2017 | 4.74 | 3.74 | 3.04 | -1.69 | 5.29 | 0.47 | 4.10 | 3.26 | -3.95 | 5.94 | -0.81 | 2.26 | 29.16 | |
Fund | 2018 | 1.12 | -2.68 | -7.03 | 1.09 | -1.08 | -3.07 | 1.94 | -1.40 | -2.54 | -10.42 | 5.35 | -0.39 | -18.34 | |
Benchmark | 2018 | 2.39 | -2.74 | -3.32 | 3.44 | 1.60 | -3.29 | 0.52 | 0.13 | -1.51 | -9.36 | 5.65 | -2.41 | -9.36 | |
Fund | 2019 | 3.19 | 0.60 | 3.26 | 2.53 | -3.39 | 5.21 | 4.14 | 0.39 | -1.11 | -0.73 | -3.35 | 2.70 | 13.79 | |
Benchmark | 2019 | 4.02 | 1.00 | 2.87 | 2.94 | -5.38 | 5.72 | 2.43 | -4.57 | 0.54 | -0.67 | 0.85 | 4.19 | 14.17 | |
Fund | 2020 | -2.75 | -1.34 | -6.31 | 9.13 | 2.80 | 6.99 | 2.87 | 7.84 | 1.42 | 1.28 | 3.30 | 7.09 | 36.02 | |
Benchmark | 2020 | -3.92 | -1.09 | -8.65 | 8.38 | -0.47 | 9.39 | 1.31 | 3.66 | 0.03 | 2.69 | 5.33 | 3.97 | 21.02 | |
Fund | 2021 | 2.83 | -0.14 | -0.39 | 0.97 | 1.60 | 4.91 | -3.78 | 4.41 | -3.49 | -3.17 | -1.10 | -0.04 | 2.17 | |
Benchmark | 2021 | 3.87 | -0.73 | -1.29 | 1.50 | -1.93 | 3.24 | -8.21 | 3.60 | -1.78 | -0.85 | -0.64 | 0.15 | -3.61 | |
Fund | 2022 | -5.18 | -5.16 | -2.04 | 2.37 | -1.76 | -11.41 | 160.99 | |||||||
Benchmark | 2022 | -3.08 | -1.93 | -0.39 | -1.32 | 0.21 | -6.38 | 142.31 |
JOHCM/MSCI/Bloomberg/Lipper. Please note the percentage growth of the Fund versus benchmark is shown as NAV performance only, dividends are not reinvested.
Data shown net of fees, net income reinvested. Benchmark: MSCI AC Asia ex Japan NR 12pm adjusted. Performance of other share classes may vary and is available on request.
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. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. 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.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
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 size | GBP 31.72m |
---|---|
Number of holdings | 42 |
Meituan | 5.43% |
AKR Corporindo | 5.23% |
Gland Pharma Ltd | 4.59% |
Tencent | 4.51% |
Jubilant FoodWorks | 4.41% |
Netease | 4.16% |
Tata Consultancy | 3.96% |
Venture Corp | 3.66% |
JUBILANT INGREVIA | 3.46% |
BUDWEISER BREWING CO | 3.42% |
AKR Corporindo | +5.23% |
Gland Pharma Ltd | +4.59% |
Jubilant FoodWorks | +4.37% |
Meituan | +3.85% |
Venture Corp | +3.60% |
JUBILANT INGREVIA | +3.46% |
Netease | +3.43% |
BUDWEISER BREWING CO | +3.35% |
Tata Consultancy | +3.30% |
Dabur | +3.06% |
Portfolio | Benchmark | Relative | ||
---|---|---|---|---|
Consumer Discretionary | 16.30% | 13.85% | 2.45% | |
Consumer Staples | 15.02% | 5.05% | 9.96% | |
Communication Services | 14.18% | 10.47% | 3.71% | |
Information Technology | 12.96% | 23.77% | -10.81% | |
Health Care | 9.52% | 3.64% | 5.88% | |
Materials | 9.00% | 5.45% | 3.55% | |
Financials | 8.10% | 20.18% | -12.08% | |
Energy | 5.23% | 3.74% | 1.49% | |
Industrials | 4.11% | 6.83% | -2.72% | |
Real Estate | 0.00% | 3.98% | -3.98% | |
Utilities | 0.00% | 3.05% | -3.05% | |
Cash | 5.59% | 0.00% | 5.59% |
Portfolio | Benchmark | Relative | ||
---|---|---|---|---|
Large Cap | 68.63% | 95.81% | -27.19% | |
Medium Cap | 23.39% | 4.17% | 19.22% | |
Small Cap | 2.39% | 0.01% | 2.38% | |
Cash | 5.59% | 0.00% | 5.59% |
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.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
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 | 24/06/2022 | A | EUR | Ireland | B431KK7 | 2.393 | 0.042 | |
A | GBP | Ireland | B3RQ272 | 2.431 | 0.039 | |||
A | USD | Ireland | B435PM6 | 1.869 | 0.034 | |||
B | EUR | Ireland | B5L49R5 | 2.405 | 0.042 | |||
B | GBP | Ireland | B3ZQS76 | 2.373 | 0.038 | |||
B | USD | Ireland | BF7NZT0 | 1.885 | 0.035 | |||
Z | GBP | Ireland | B44PG77 | 1.732 | 0.028 | |||
Z | USD | Ireland | BVG7681 | 1.254 | 0.024 | |||
JOHCM Asia ex Japan Small and Mid Cap Fund | 24/06/2022 | A | USD | Ireland | B6R5QW3 | 2.350 | 0.040 | |
A | EUR | Ireland | B6R5VD9 | 2.524 | 0.042 | |||
A | GBP | Ireland | B6R5LS4 | 2.876 | 0.043 | |||
B | EUR | Ireland | B6R5HM0 | 2.866 | 0.046 | |||
B | GBP | Ireland | B6R63P8 | 2.795 | 0.041 | |||
B | USD | Ireland | B6R5YM9 | 2.230 | 0.037 | |||
Z | GBP | Ireland | B4X3T62 | 2.189 | 0.032 | |||
JOHCM Continental European Fund | 24/06/2022 | A | EUR | Ireland | 3300923 | 4.012 | 0.054 | |
A | GBP | Ireland | 3300912 | 4.928 | 0.061 | |||
A | USD | Ireland | BJ4G0G2 | 1.577 | 0.022 | |||
A Hedged | GBP | Ireland | BSJCJ49 | 1.370 | 0.018 | |||
B | EUR | Ireland | 3300901 | 4.038 | 0.052 | |||
B | GBP | Ireland | 3100543 | 4.748 | 0.054 | |||
B | USD | Ireland | BJ4G0H3 | 1.607 | 0.022 | |||
Y | EUR | Ireland | B98YKX9 | 1.546 | 0.021 | |||
Y | GBP | Ireland | B993PD0 | 1.814 | 0.023 | |||
Y Hedged | GBP | Ireland | BSJCJ50 | 1.429 | 0.019 | |||
JOHCM European Concentrated Value Fund | 24/06/2022 | A | EUR | Ireland | BW0DJY9 | 0.968 | 0.009 | |
B | EUR | Ireland | BW0DJZ0 | 0.962 | 0.008 | |||
Z | AUD | Ireland | BYNJFM8 | 1.065 | 0.011 | |||
Z | EUR | Ireland | BYNJFN9 | 0.892 | 0.007 | |||
JOHCM European Select Values Fund | 24/06/2022 | A | EUR | Ireland | 3290433 | 3.277 | 0.008 | |
A | GBP | Ireland | 3290422 | 5.047 | 0.006 | |||
B | EUR | Ireland | 3290411 | 2.192 | 0.005 | |||
B | GBP | Ireland | 3290400 | 4.620 | 0.005 | |||
Non-Distributing | EUR | Ireland | BSFWK51 | 1.218 | 0.004 | |||
X | EUR | Ireland | B4K14L9 | 1.566 | 0.004 | |||
Y | EUR | Ireland | BMXC8L3 | 0.883 | 0.003 | |||
JOHCM Global Emerging Markets Opportunities Fund | 24/06/2022 | A | EUR | Ireland | B3ZBLW7 | 1.497 | 0.012 | |
A | GBP | Ireland | B4002N4 | 1.364 | 0.009 | |||
A | USD | Ireland | B4M6CN0 | 1.081 | 0.010 | |||
B | EUR | Ireland | B4TRCR0 | 1.478 | 0.011 | |||
B | GBP | Ireland | B41RZ57 | 1.311 | 0.009 | |||
B | USD | Ireland | B4XXMP2 | 1.414 | 0.012 | |||
Y | GBP | Ireland | BYSGJY4 | 1.643 | 0.011 | |||
Y | USD | Ireland | BYSGJZ5 | 1.315 | 0.013 | |||
Z | CAD | Ireland | BBPK0L2 | 1.474 | 0.013 | |||
Z | GBP | Ireland | B6R54W9 | 1.719 | 0.012 | |||
JOHCM Global Income Builder Fund | 24/06/2022 | A | EUR | Ireland | BFZWPD3 | 1.079 | 0.003 | |
A | GBP | Ireland | BFZWPC2 | 1.046 | 0.000 | |||
A | SGD | Ireland | BFZWPG6 | 0.984 | 0.002 | |||
A | USD | Ireland | BFZWPF5 | 0.960 | 0.004 | |||
B | EUR | Ireland | BFZWPJ9 | 1.032 | 0.003 | |||
Seed | EUR | Ireland | BKF2GH9 | 0.963 | 0.002 | |||
Seed | GBP | Ireland | BFZWPH7 | 1.101 | 0.001 | |||
Seed | GBP | Ireland | BHR0DJ1 | 1.127 | 0.001 | |||
JOHCM Global Opportunities Fund (offshore) | 24/06/2022 | A | EUR | Ireland | B7MR557 | 2.592 | 0.011 | |
A | GBP | Ireland | B89PQM5 | 2.344 | 0.007 | |||
A | USD | Ireland | B89JY23 | 2.153 | 0.011 | |||
A Hedged | EUR | Ireland | BFZWWX2 | 1.018 | 0.005 | |||
B | EUR | Ireland | B80FZF0 | 2.365 | 0.010 | |||
B | GBP | Ireland | BF7NZS9 | 2.559 | 0.007 | |||
B | USD | Ireland | B8295C7 | 2.032 | 0.011 | |||
X | EUR | Ireland | BJ5JW42 | 1.183 | 0.006 | |||
X | EUR | Ireland | BMCZLF8 | 1.295 | 0.007 | |||
X | GBP | Ireland | BQVC9L0 | 2.004 | 0.006 | |||
X Hedged | GBP | Ireland | BF29TX5 | 1.103 | 0.005 | |||
Z | EUR | Ireland | BDZD4M4 | 1.174 | 0.005 | |||
Z | GBP | Ireland | B83MS15 | 0.940 | 0.003 | |||
JOHCM Global Opportunities Fund (offshore) | 24/06/2022 | X Non-distributing NOK | NOK | Ireland | BMFV6C5 | 10.271 | -0.004 | |
JOHCM Global Opportunities Fund (onshore) | 24/06/2022 | A Accumulating | GBP | UK | BJ5JMC0 | 1.229 | 0.003 | |
A Accumulating Hedged | GBP | UK | BKDV8G1 | 1.092 | 0.006 | |||
A Distributing | GBP | UK | BJ5JMD1 | 1.156 | 0.003 | |||
X Accumulating | GBP | UK | BJ5JMF3 | 1.199 | 0.003 | |||
X Distributing | GBP | UK | BJ5JMG4 | 1.157 | 0.003 | |||
JOHCM Global Select Fund | 24/06/2022 | A | EUR | Ireland | B3DBRP4 | 3.848 | 0.027 | |
A | GBP | Ireland | B3DBRN2 | 4.095 | 0.023 | |||
A | USD | Ireland | B3T31Z2 | 2.078 | 0.017 | |||
B | EUR | Ireland | B3DBRM1 | 3.695 | 0.026 | |||
B | GBP | Ireland | B3DBRL0 | 3.913 | 0.022 | |||
B | USD | Ireland | B5L7L67 | 2.350 | 0.018 | |||
Z | GBP | Ireland | B3DCMB8 | 2.965 | 0.017 | |||
Z | USD | Ireland | B4V7J00 | 2.352 | 0.019 | |||
JOHCM Uk Dynamic Fund | 24/06/2022 | Y | GBP | Ireland | BDGKPZ4 | 0.973 | 0.011 | |
JOHCM UK Dynamic Fund (onshore) | 24/06/2022 | A Accumilating | GBP | UK | B4T7HR5 | 2.760 | 0.031 | |
A Distributing | GBP | UK | B4T8552 | 1.868 | 0.021 | |||
B Accumulating | GBP | UK | B4T7JX5 | 3.048 | 0.034 | |||
B Distributing | GBP | UK | B4TXJ33 | 1.690 | 0.019 | |||
X Accumulating | GBP | UK | BJ7HNB8 | 1.078 | 0.012 | |||
X Distributing | GBP | UK | BJ5JMB9 | 0.976 | 0.011 | |||
Y | GBP | UK | BDZRJ21 | 1.173 | 0.013 | |||
Y Accumulating | GBP | UK | BDZRJ10 | 1.594 | 0.018 | |||
JOHCM UK Equity Income Fund | 24/06/2022 | A Accumulating | GBP | UK | B03KR50 | 3.985 | 0.008 | |
A Distributing | GBP | UK | B03KP23 | 1.794 | 0.004 | |||
B Accumulating | GBP | UK | B03KR83 | 3.673 | 0.007 | |||
B Distributing | GBP | UK | B03KR61 | 1.652 | 0.004 | |||
X Distributing | GBP | UK | BYV9S21 | 0.896 | 0.002 | |||
Y | GBP | UK | B95FCK6 | 1.212 | 0.002 | |||
Y Accumulating | GBP | UK | B8FCHK5 | 1.610 | 0.003 | |||
JOHCM UK Growth Fund | 24/06/2022 | A | GBP | Ireland | 3300934 | 3.547 | 0.022 | |
B | GBP | Ireland | 3100554 | 3.075 | 0.020 | |||
Non-distributing | EUR | Ireland | BLLV8D7 | 1.943 | 0.015 | |||
Non-distributing | USD | Ireland | BLLV8C6 | 1.905 | 0.017 | |||
X | EUR | Ireland | BLLV882 | 1.957 | 0.016 | |||
X | EUR | Ireland | BLLV8B5 | 1.800 | 0.012 | |||
X | GBP | Ireland | BLLV893 | 1.769 | 0.011 | |||
X | USD | Ireland | BLLV871 | 1.918 | 0.017 | |||
JOHCM UK Opportunities Fund | 24/06/2022 | A Accumulating | GBP | UK | B0LLB64 | 2.953 | 0.033 | |
A Distributing | GBP | UK | B3K76Q9 | 1.890 | 0.021 | |||
B Accumulating | GBP | UK | B0LLB75 | 2.733 | 0.030 | |||
B Distributing | GBP | UK | B3K76P8 | 1.774 | 0.020 | |||
X Accumulating | GBP | UK | BQJZQQ5 | 1.360 | 0.015 | |||
X Distributing | GBP | UK | B95MSF4 | 1.073 | 0.012 | |||
Y | GBP | UK | B95J5C1 | 1.274 | 0.014 | |||
Y Accumulating | GBP | UK | B95HP81 | 1.653 | 0.018 | |||
Regnan Global Equity Impact Solutions Fund (offshore) | 24/06/2022 | A | EUR | Ireland | BN2BD91 | 0.829 | 0.016 | |
A | GBP | Ireland | BN2BD80 | 0.797 | 0.014 | |||
A | USD | Ireland | BN2BDC4 | 0.723 | 0.014 | |||
A Hedged | EUR | Ireland | BN2BDB3 | 0.706 | 0.014 | |||
B | EUR | Ireland | BN2BDF7 | 0.821 | 0.017 | |||
B | GBP | Ireland | BN2BDD5 | 0.791 | 0.014 | |||
B | USD | Ireland | BN2BDH9 | 0.716 | 0.014 | |||
B Hedged | EUR | Ireland | BN2BDG8 | 0.695 | 0.014 | |||
Seed | EUR | Ireland | BN2BDS0 | 0.841 | 0.017 | |||
Seed | GBP | Ireland | BN2BDR9 | 0.808 | 0.015 | |||
Seed | USD | Ireland | BN2BDV3 | 0.730 | 0.014 | |||
Seed Hedge | EUR | Ireland | BN2BDT1 | 0.711 | 0.014 | |||
Z | GBP | Ireland | BN2BDN5 | 0.805 | 0.014 | |||
Regnan Global Equity Impact Solutions Fund (offshore) | 24/06/2022 | Y CAD | CAD | Ireland | BMWMY49 | 0.834 | 0.018 | |
Regnan Global Equity Impact Solutions Fund (onshore) | 24/06/2022 | A Accumulating | GBP | UK | BMCZDD0 | 0.940 | 0.016 | |
F Accumulating | GBP | UK | BMCZDJ6 | 0.950 | 0.016 | |||
Y Accumulating | GBP | UK | BMCZDK7 | 0.942 | 0.016 | |||
Regnan Sustainable Water and Waste Fund (offshore) | 24/06/2022 | A | EUR | Ireland | BLPKC72 | 0.825 | 0.008 | |
A | USD | Ireland | BLPKC94 | 0.771 | 0.008 | |||
A | GBP | Ireland | BLPKC61 | 0.831 | 0.007 | |||
B | GBP | Ireland | BLPKCB6 | 0.833 | 0.007 | |||
B | USD | Ireland | BLPKF84 | 0.773 | 0.008 | |||
B | EUR | Ireland | BLPKCC7 | 0.827 | 0.007 | |||
Y | GBP | Ireland | BLPKF95 | 0.832 | 0.007 | |||
Y | EUR | Ireland | BLPKFC8 | 0.825 | 0.008 | |||
Y | USD | Ireland | BLPKFF1 | 0.771 | 0.009 | |||
Regnan Sustainable Water and Waste Fund (onshore) | 24/06/2022 | A Accumulating | GBP | UK | BMYXD32 | 0.892 | 0.008 | |
F Accumulating | GBP | UK | BMYXQ55 | 0.897 | 0.007 | |||
Y Accumulating | GBP | UK | BMYXQ55 | 0.897 | 0.007 |
JOHCM Global Income Builder Fund
Share class | 07/21 | 08/21 | 09/21 | 10/21 | 11/21 | 12/21 | 01/22 | 02/22 | 03/22 | 04/22 | 05/22 | 06/22 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
A GBP | 0.3257 | 0.3877 | 0.3516 | 0.3570 | 0.3621 | 0.3848 | 0.3789 | 0.3654 | 0.3251 | 0.3709 | 0.3481 | 0.3848 |
A EUR | 0.3336 | 0.3978 | 0.3638 | 0.3677 | 0.3601 | 0.3996 | 0.4003 | 0.3863 | 0.3443 | 0.3889 | 0.3655 | 0.3990 |
A USD | 0.3443 | 0.3985 | 0.3651 | 0.3597 | 0.3518 | 0.3821 | 0.3812 | 0.3676 | 0.0349 | 0.3634 | 0.3242 | 0.3611 |
A SGD | 0.3364 | 0.3965 | 0.3644 | 0.3609 | 0.3506 | 0.3848 | 0.3823 | 0.3665 | 0.3256 | 0.3641 | 0.3321 | 0.3661 |
B EUR | 0.3229 | 0.3847 | 0.3515 | 0.3546 | 0.3469 | 0.3847 | 0.3850 | 0.3712 | 0.3306 | 0.3731 | 0.3503 | 0.3820 |
Seed | 0.2966 | 0.3538 | 0.3237 | 0.3274 | 0.3207 | 0.3561 | 0.3978 | 0.3838 | 0.3416 | 0.3470 | 0.3262 | 0.3562 |
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).
JOHCM UK Equity Income Fund
Share class | Q4 19 | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 |
---|---|---|---|---|---|---|---|---|---|---|
A distributing GBP | 2.0409 | 1.5930 | 1.1154 | 1.2632 | 1.0771 | 1.1681 | 2.3283 | 3.0863 | 1.2881 | 1.9828 |
A accumulating GBP | 4.1082 | 3.2391 | 2.2958 | 2.6218 | 2.2581 | 2.4649 | 4.9447 | 6.6368 | 2.8152 | 4.3509 |
B distributing GBP | 1.9017 | 1.4790 | 1.0379 | 1.1739 | 0.9997 | 1.0825 | 2.1559 | 2.8539 | 1.1897 | 1.8271 |
B accumulating GBP | 3.8367 | 3.0210 | 2.1395 | 2.4391 | 2.0980 | 2.2869 | 4.5836 | 6.1431 | 2.6020 | 4.0228 |
Y distributing GBP | 1.3744 | 1.0730 | 0.7534 | 0.8514 | 0.7263 | 0.7879 | 1.5709 | 2.0833 | 0.8697 | 0.9894 |
Y accumulating GBP | 1.6547 | 1.3051 | 0.9242 | 1.0570 | 0.5363 | 0.9944 | 1.9953 | 2.6787 | 1.1364 | 1.3383 |
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).
All funds have a XD date of 31 December 2021 and pay date of 28 February 2022.
JOHCM Asia ex Japan Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 0.0000 |
A | EUR | 28 Feb 2022 | cents per share | 0.0000 |
A | USD | 28 Feb 2022 | cents per share | 0.0000 |
B | GBP | 28 Feb 2022 | pence per share | 0.0000 |
B | EUR | 28 Feb 2022 | cents per share | 0.0000 |
B | USD | 28 Feb 2022 | cents per share | 0.0000 |
Z | GBP | 28 Feb 2022 | cents per share | 1.2717 |
Z | USD | 28 Feb 2022 | cents per share | 1.0094 |
JOHCM Asia ex Japan Small and Mid Cap Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 0.0000 |
A | EUR | 28 Feb 2022 | cents per share | 0.0000 |
A | USD | 28 Feb 2022 | cents per share | 0.0000 |
B | GBP | 28 Feb 2022 | pence per share | 0.0000 |
B | EUR | 28 Feb 2022 | cents per share | 0.0000 |
B | USD | 28 Feb 2022 | cents per share | 0.0000 |
Z | GBP | 28 Feb 2022 | cents per share | 0.0000 |
JOHCM Concentrated Global Share Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 0.0000 |
JOHCM Continental European Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 8.6863 |
A | EUR | 28 Feb 2022 | cents per share | 7.2518 |
A - hedge | GBP | 28 Feb 2022 | pence per share | 2.3783 |
B | GBP | 28 Feb 2022 | pence per share | 5.7899 |
B | EUR | 28 Feb 2022 | cents per share | 5.0477 |
B - hedge | USD | 28 Feb 2022 | cents per share | 1.8425 |
Y | GBP | 28 Feb 2022 | pence per share | 3.4475 |
Y - hedge | GBP | 28 Feb 2022 | pence per share | 2.6955 |
Y | EUR | 28 Feb 2022 | cents per share | 3.0103 |
JOHCM European Select Values Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 3.4279 |
A | EUR | 28 Feb 2022 | cents per share | 2.2816 |
B | GBP | 28 Feb 2022 | pence per share | 0.4023 |
B | EUR | 28 Feb 2021 | cents per share | 0.1956 |
Y | EUR | 28 Feb 2022 | cents per share | 0.6184 |
JOHCM European Concentrated Value Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | EUR | 28 Feb 2022 | cents per share | 0.8126 |
B | EUR | 28 Feb 2022 | cents per share | 0.3158 |
Z | EUR | 28 Feb 2022 | cents per share | 1.5455 |
JOHCM Global Emerging Markets Opportunities Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 2.8311 |
A | EUR | 28 Feb 2022 | cents per share | 3.1858 |
A | USD | 28 Feb 2022 | cents per share | 2.4633 |
B | GBP | 28 Feb 2022 | pence per share | 1.8347 |
B | EUR | 28 Feb 2022 | cents per share | 2.1208 |
B | USD | 28 Feb 2022 | cents per share | 2.1654 |
Y | GBP | 28 Feb 2022 | pence per share | 3.6898 |
Y | USD | 28 Feb 2022 | cents per share | 3.1258 |
Z | GBP | 28 Feb 2022 | cents per share | 5.3164 |
JOHCM Global Opportunities Fund (onshore)
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 2.5871 |
A | EUR | 28 Feb 2022 | cents per share | 5.0441 |
A | USD | 28 Feb 2022 | cents per share | 4.8886 |
B | EUR | 28 Feb 2022 | cents per share | 4.6750 |
B | USD | 28 Feb 2022 | cents per share | 4.6865 |
A - hedged | GBP | 28 Feb 2022 | pence per share | 2.6653 |
A - hedged | EUR | 28 Feb 2022 | cents per share | 2.2077 |
X | GBP | 28 Feb 2022 | cents per share | 2.4784 |
X | EUR | 28 Feb 2022 | cents per share | 2.2293 |
JOHCM Global Opportunities Fund (offshore)
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 4.5789 |
A | EUR | 28 Feb 2022 | cents per share | 5.1902 |
A | USD | 28 Feb 2022 | cents per share | 4.6148 |
B | GBP | 28 Feb 2022 | pence per share | 5.0376 |
B | EUR | 28 Feb 2022 | cents per share | 4.7737 |
B | USD | 28 Feb 2022 | cents per share | 4.3909 |
A - hedged | EUR | 28 Feb 2022 | cents per share | 2.3372 |
X | GBP | 28 Feb 2022 | cents per share | 3.9139 |
Z | GBP | 28 Feb 2022 | cents per share | 1.8229 |
X - hedged | GBP | 28 Feb 2022 | cents per share | 2.4327 |
X | EUR | 28 Feb 2022 | cents per share | 2.3658 |
JOHCM Global Select Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 0.0000 |
A | EUR | 28 Feb 2022 | cents per share | 0.0000 |
A | USD | 28 Feb 2022 | cents per share | 0.0000 |
B | GBP | 28 Feb 2022 | pence per share | 0.0000 |
B | EUR | 28 Feb 2022 | cents per share | 0.0000 |
B | USD | 28 Feb 2022 | cents per share | 0.0000 |
Z | GBP | 28 Feb 2022 | pence per share | 2.9482 |
Z | USD | 28 Feb 2022 | cents per share | 2.5658 |
JOHCM UK Dynamic Fund
Please note that with effect from 1 January 2022, this fund will make semi-annual distributions.
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A - distributing | GBP | 28 Feb 2022 | pence per share | 6.2558 |
A - accumulating | GBP | 28 Feb 2022 | pence per share | 8.9515 |
B - distributing | GBP | 28 Feb 2022 | pence per share | 5.6880 |
B - accumulating | GBP | 28 Feb 2022 | pence per share | 9.9325 |
Y - distributing | GBP | 28 Feb 2022 | pence per share | 3.9239 |
Y - accumulating | GBP | 28 Feb 2022 | pence per share | 5.1639 |
Y | GBP | 28 Feb 2022 | pence per share | 3.2091 |
JOHCM UK Growth Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A | GBP | 28 Feb 2022 | pence per share | 5.8783 |
B | GBP | 28 Feb 2022 | pence per share | 3.1115 |
X | GBP | 28 Feb 2022 | pence per share | 3.1342 |
JOHCM UK Opportunities Fund
Share class | Currency | Pay date | Dividend paid in | Dividend rate |
---|---|---|---|---|
A - distributing | GBP | 28 Feb 2022 | pence per share | 5.5257 |
A - accumulating | GBP | 28 Feb 2022 | pence per share | 8.4140 |
B - distributing | GBP | 28 Feb 2022 | pence per share | 5.2121 |
B - accumulating | GBP | 28 Feb 2022 | pence per share | 7.8256 |
Y - accumulating | GBP | 28 Feb 2022 | pence per share | 3.7193 |
Y - distributing | GBP | 28 Feb 2022 | pence per share | 4.7060 |
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.
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.
Investors should note that this strategy invests in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
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 manager Cho-Yu Kooi, based in our Singapore office, shares the same investment philosophy and approach as Samir Mehta, manager of the all-cap JOHCM Asia ex Japan Fund, both fund managers having worked alongside one another for many years prior to joining JOHCM in 2011. She employs a fundamental-based, predominantly bottom-up investment ...
Read MoreAmongst 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”).
Consequently, in looking for investments, JO Hambro Capital Management Limited (“Investment Manager”) seeks to avoid investing in companies which contribute to significant social and/or environmental harms, and thereby fail environmental, social and governance (“ESG”) key performance indicators. Consideration is given to environmental impacts, for example, whether a company is responsibly managing its carbon emissions and waste. Companies are also reviewed for negative social impacts, such as mistreatment of employees or practices which undermine social integration. The Investment Manager uses these ESG performance indicators to assess and monitor its investments, as well as within the investment decision-making process.
In addition to considering ESG key performance indicators, the Fund applies exclusions to support the avoidance of harms. In order to support the reduction of adverse environmental impacts of the Fund’s portfolio, and in particular its contribution to climate change, the Investment Manager excludes investments in thermal coal mining and unconventional oil and gas, as well as companies which derive 20% or more of their revenue from coal-based power generation or from oil and gas extraction and production. The selection criteria may not be disapplied or overridden by the Investment Manager.
The exclusion criteria referred to above will be applied prior to making any investment and the Fund’s portfolio will be monitored for any investments which breach these exclusion criteria on a periodic basis. In order to apply this revenue-based exclusion, the Investment Manager will rely on data (and the ESG definitions aligned with that data) from ISS, or such other sources as the Investment Manager determines.
Additionally, the Investment Manager recognises that ESG factors can create risks and opportunities for companies and as such incorporates ESG risks into their analytical framework and portfolio construction.
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.
Although the Fund may invest in companies which engage in economic activities that contribute to an environmental objective within the meaning of the EU’s Sustainable Finance Disclosure Regulation (SFDR), the Investment Manager is currently not in a position to assess the proportion, as a percentage of the Fund’s portfolio, of investments in environmentally sustainable activities which are aligned to the EU’s Taxonomy Regulation (TR) (Regulation (EU) 2020/852) and amending Regulation (EU) 2019/2088.
This is due to a lack of reliable, timely and verifiable data for the Investment Manager to make a full and accurate assessment of the investments of the Fund against the TR’s Technical Screening Criteria in respect of climate change mitigation and climate change adaptation. It is also important to note that given the geographical focus of the Fund’s strategy, companies within the investment universe might not be under any obligation to provide the data required under EU legislation.
As a result, the Investment Manager is unable to determine whether the underlying investments in the Fund contribute to climate change mitigation and/or climate change adaptation,or whether the Fund has investments in economic activities that qualify as environmentally sustainable pursuant to the TR. As such, it has been determined that, 0% of the Fund’s investments are in economic activities that qualify as environmentally sustainable under the TR.
The Investment Manager is keeping this situation under review and will revisit the TR disclosure requirements once sufficient data is available.
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. JOHCM has met the expected standard of reporting under the UK Stewardship Code in 2021 and has been approved as a signatory. 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.
The Fund uses the MSCI AC (All Country) Asia ex-Japan 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.
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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