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JOHCM Asia ex Japan Small and Mid Cap Fund

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Fund Description

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 approach. She focuses on Asian companies with quality, sustainable, long-term growth hallmarks. These are businesses that can grow over economic and liquidity cycles and which generate high returns on the financial capital that they employ.The Fund generally consists of stocks with a market capitalisation of less than US$6 billion while close attention is paid to liquidity.

The team’s investment philosophy is based on the following beliefs:

  • There are pricing inefficiencies in Asian stock markets, the greatest of which are at the individual stock level. This is, therefore, where Cho Yu focuses her investment resources, with approximately 70% of total value added expected to come from fundamental stock selection
  • Value creation in a company is driven by long-term growth and the ability to generate returns above its cost of capital. They, therefore, focus on companies displaying long-term sustainable quality growth characteristics
  • Detailed analysis and regular interaction with company management is vital. The team’s analysis gives them the conviction to take a long-term investment view, meaning that turnover is low. Asian markets are frequently driven by macroeconomic and political factors that are separate from stock-specific considerations. These markets have a history of giving high returns but also with high volatility. The team aims to blend their growth stock focus with cyclical exposure that is valuation-driven and based on top-down views.
Reasons To Invest
  • The team has long experience of investing in smaller Asian companies. Both fund managers have approximately 20 years investment experience working in Asia and have spent nearly half of their investment careers working together
  • Most of the team’s past performance has come from stock selection across a wide range of market capitalisations. They are benchmark agnostic and many of their positions are in off the beaten track names that are not widely owned by our competitors. Within a programme of Asian / Emerging Markets managers, the team’s Asian small cap portfolio should therefore contribute diversification benefits to clients
  • The team has decided to limit capacity in the small and mid-cap strategy to US$1bn, and to focus on broad regional mandates (with or without Australia). Capping the level of assets enables them to access attractive investment opportunities and to preserve the consistency of their style for their clients. Avoiding asset gathering behaviour ensures that they can grow with our clients and not at their expense
  • The team has a proven ability to generate outperformance in both rising and falling markets. With the region’s history of positive but volatile returns, this is essential to delivering consistent outperformance to investors
  • Turnover in the strategy is low and the team conducts thorough due diligence before making a buy decision.  This means that they avoid costly and unnecessary trading which will help enhance returns to clients
  • Cho-Yu Kooi

    Senior Fund Manager

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This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. 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. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Other Asian Equity Funds

JOHCM Asia ex Japan Fund

Based in our Singapore office, Samir Mehta employs a fundamental-based, predominantly bottom-up investment approach. He focuses on Asian companies with quality, sustainable, long-term growth hallmarks. These are businesses that can grow over economic and liquidity cycles and which generate high returns on the financial capital that they empl...

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Investment Objective

The investment objective of the Fund is to achieve long-term capital appreciation through investment in a diversified portfolio of Asia ex-Japan Small and Mid Cap equity securities. The Fund aims to achieve its investment objective primarily through investment in equity securities of companies with a small or middle market capitalisation all of which will be domiciled or exercising the predominant part of their economic activities in the Asia ex-Japan region. The Fund will generally invest in stocks of companies with a market capitalisation of less than US$6 billion, with trading liquidity a key consideration.

Fund details

Data as at 31 May 2024
Fund size GBP 22.97m
Strategy size GBP 22.41m (as at 31 December 2023)
Benchmark MSCI AC Asia ex Japan Small Cap NR 12pm adjusted
Domicile Ireland
Denomination GBP, EUR, USD
Share classes

Please click here
Unit type Distribution
Minimum investment
A GBP 1,000
B GBP 1,000
Valuation point Daily (12pm, UK time)
Dealing frequency Daily 9-5pm

Fund ratings and awards

Data as at 31 May 2024

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

Fees and charges

Initial charge Up to 5%
Performance fee

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

Administration

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

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. 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. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Strategy Highlights

As at 31 May 2024

Asian equities largely tracked US equities higher in May, as softer than expected US April employment, inflation and retail sales data eased investor concerns about the trajectory of the Federal Reserve's policy stance. The exceptions were Indonesia and India, with the former posting losses after its central bank's unexpected hike in interest rates to prop up the Indonesia Rupiah and the latter trading marginally lower ahead of national election results due in early June. The MSCI AC Asia ex-Japan Small Cap Index rose 1.22% in USD but was down 0.22% in GBP, given the strength of Sterling relative to the US dollar. 

The fund slightly underperformed the benchmark in May as the gains accumulated through much of the month were wiped out in the last few days of the month when the sell-off of some technology heavyweights in the US triggered profit-taking in several of our technology holdings. Our overweight position in Indonesia also suffered from the broader market weakness, despite recent earnings releases for our holdings showing business resilience and management providing positive guidance. This is offset by our good stock selection in India. We took profit on a Chinese holding during the month and added to an existing position. We also initiated a position in SISB, Thailand's leading private education provider. 

SISB was established in 2001 by a group of parents with 35 students. It has since grown to six campuses in Thailand with 4,278 students, of which 72.5% are Thai and the rest are foreigners, as of 31 March 2024. It was listed in Thailand in November 2018. SISB schools provide some of the best curricula for students aged 2 to 18 years – the UK's Early years foundation stage for children aged 2-6 years old; Singapore curriculum for Grades 1-6; Singapore-UK curricula for Grades 7-8; Cambridge IGCSE for Grades 9-10; and a choice of Cambridge A/AS Levels or the International Baccalaureate Diploma Programme for Grades 11-12. Its students are also taught fluent English, Thai and Chinese. With accreditations from The Council of International Schools and the National Association of Independent Schools' Commission on Accreditation (US), SISB students who graduate have gained admission to leading universities in the world. 

SISB's strong brand recognition has seen it enjoy steady growth in student enrolment and an average 5% tuition fee increase per annum over the years, except during the COVID-19 pandemic years of 2020 and 2021. We like the business model's strong cash flow generation and high operating leverage, which enables SISB to post rising returns on capital employed. 

In early June, as we write this report, India's six-week national election resulted as a huge shock and setback to Narendra Modi's Bharatiya Janata Party, which lost its majority in parliament. While Modi has secured the backing of his allies for a new government, the focus will now turn to the compromises he would have to make to his cabinet formation and the FY2025 budget in July. While the broad agenda of the government's emphasis on infrastructure buildout, manufacturing expansion and technology rollout to take India's economy forward will likely continue, more contentious structural reforms might be delayed till some of the political headwinds recede. The Indian stock market has gyrated wildly in the last few days, and as calm has returned, our Indian portfolio in the first week of June has fared reasonably well, yielding positive returns. We will continue to monitor developments closely and adjust our portfolio accordingly.  

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. 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. Investments may 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

Factsheet
Factsheet
Factsheet
Monthly Portfolio Review
Monthly Portfolio Review

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. 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. Investments may 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 31 May 2024
A GBP share class, since launch (30 September 2011)

Return history (%)

Data as at 31 May 2024

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. 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 19 - Mar 20 Mar 20 - Mar 21 Mar 21 - Mar 22 Mar 22 - Mar 23 Mar 23 - Mar 24
Fund -8.83% 53.12% 5.07% 4.72% -

Monthly returns (%)

Data as at 31 May 2024
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual Since inception
Fund 2011 9.50 -6.21 1.27 4.00
Benchmark 2011 7.20 -6.37 -0.31 0.06
Fund 2012 5.74 2.94 0.54 0.18 -2.66 -1.46 -0.37 2.51 5.71 2.40 4.44 1.76 23.55
Benchmark 2012 7.96 7.99 -4.27 -3.21 -3.27 1.17 -0.43 1.20 4.32 -0.60 3.25 2.84 17.30
Fund 2013 6.69 5.61 2.87 1.70 5.34 -8.94 0.07 -8.77 0.61 5.69 -4.16 -1.20 3.94
Benchmark 2013 5.97 5.56 0.73 0.53 3.07 -8.88 1.17 -4.41 1.92 3.46 -2.76 -0.97 4.47
Fund 2014 -3.34 2.53 3.62 -1.56 4.45 0.43 2.37 5.13 0.94 2.32 3.43 -0.50 21.30
Benchmark 2014 -1.65 2.67 1.37 -0.78 3.56 0.02 2.30 3.52 -1.22 -0.78 0.44 -1.10 8.45
Fund 2015 7.61 0.06 5.55 -0.61 5.57 -4.54 -1.10 -6.20 2.74 3.48 1.46 1.49 15.60
Benchmark 2015 5.49 -0.41 5.80 5.36 2.35 -7.94 -7.76 -9.11 2.11 5.26 0.27 1.72 1.40
Fund 2016 -4.08 1.59 0.67 -1.05 -2.19 9.34 8.12 4.27 1.26 4.73 -8.99 -1.40 11.37
Benchmark 2016 -5.44 2.41 4.74 -0.77 -2.38 9.98 5.74 2.66 2.69 3.75 -5.57 -0.18 17.80
Fund 2017 3.33 3.34 1.48 -2.32 0.19 -1.35 4.20 2.62 -2.87 1.13 -1.53 0.18 8.41
Benchmark 2017 2.81 5.64 2.52 -2.72 2.13 -0.41 1.41 3.30 -3.26 6.05 0.77 2.01 21.70
Fund 2018 -1.92 -2.38 -1.91 -0.19 8.87 -1.70 -2.60 -7.39 -2.17 -11.05 9.75 -2.91 -16.09
Benchmark 2018 0.66 -2.51 -2.88 2.87 2.77 -5.39 0.05 0.27 -4.14 -10.28 6.24 -1.76 -14.15
Fund 2019 2.09 2.93 3.12 3.99 -0.79 6.85 5.29 -4.01 -2.99 -0.24 -2.66 -1.46 12.07
Benchmark 2019 0.99 1.05 3.45 0.53 -2.65 2.46 1.25 -4.57 0.99 -1.50 -0.17 1.99 3.60
Fund 2020 -1.65 0.46 -10.79 11.58 9.71 8.76 -0.39 2.06 -0.97 -2.00 6.95 6.86 32.34
Benchmark 2020 -4.03 -2.45 -15.61 13.12 3.19 9.11 1.22 4.31 2.10 -0.92 9.18 3.96 21.98
Fund 2021 5.52 -0.11 -3.24 2.98 2.17 7.97 -2.98 4.19 1.10 -1.93 4.55 0.59 22.12
Benchmark 2021 0.59 5.18 2.70 4.65 -1.40 5.33 -1.96 2.46 0.79 -1.29 1.27 2.34 22.31
Fund 2022 -8.28 -4.21 -0.14 2.34 -1.84 2.47 0.93 4.68 -3.36 -4.62 5.62 0.20 -6.91
Benchmark 2022 -5.98 -1.64 3.44 -0.45 -2.15 -5.22 1.49 6.68 -6.80 -6.79 8.10 -0.39 -10.55
Fund 2023 3.94 -3.67 -1.44 -3.18 -2.24 -2.04 0.77 0.25 1.23 -5.50 1.51 4.13 -6.52
Benchmark 2023 3.66 -1.08 -1.24 -0.56 1.19 1.36 4.36 0.29 1.45 -4.19 5.43 3.24 14.36
Fund 2024 0.11 5.04 0.41 1.66 -0.53 6.76 219.23
Benchmark 2024 -1.94 2.89 0.77 3.30 -0.22 4.81 175.04

Source and notes

JOHCM/MSCI/Bloomberg/Lipper.

Data shown net of fees, net income reinvested in GBP terms. Benchmark: MSCI AC Asia ex Japan Small Cap NR 12pm adjusted Performance of other share classes may vary and is available on request. 

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. 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.

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. 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. Investments may 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 31 May 2024
Fund size GBP 22.97m
Number of holdings 55

Top 10 holdings and active weights

Data as at 31 May 2024
Top 10 holdings
ABB INDIA 4.91%
L'Occitane 4.16%
AEGIS LOGISTICS 4.16%
UNO MINDA 3.84%
MAX HEALTHCARE INSTITUTE 3.71%
SUMBER ALFARIA TRIJAYA 3.23%
Samsonite 3.00%
Apollo Hospitals 2.82%
M31 TECHNOLOGY 2.67%
SCHAEFFLER INDIA 2.43%
Top 10 active weights
ABB INDIA +4.91%
L'Occitane +4.16%
AEGIS LOGISTICS +4.05%
MAX HEALTHCARE INSTITUTE +3.71%
UNO MINDA +3.66%
SUMBER ALFARIA TRIJAYA +3.23%
Samsonite +3.00%
Apollo Hospitals +2.82%
M31 TECHNOLOGY +2.61%
SCHAEFFLER INDIA +2.43%

Sector breakdown

Data as at 31 May 2024
Portfolio Benchmark Relative
Information Technology 32.28% 20.65% 11.63%
Industrials 20.13% 18.89% 1.23%
Consumer Staples 14.82% 5.18% 9.65%
Consumer Discretionary 12.62% 11.54% 1.08%
Health Care 12.49% 8.95% 3.54%
Energy 4.16% 1.55% 2.61%
Materials 2.33% 10.11% -7.78%
Financials 1.03% 9.19% -8.15%
Communication Services 0.00% 3.64% -3.64%
Real Estate 0.00% 8.07% -8.07%
Utilities 0.00% 2.22% -2.22%
Cash 0.13% 0.00% 0.13%

Market cap breakdown

Data as at 31 May 2024
Portfolio Benchmark Relative
Large Cap 31.84% 2.51% 29.33%
Medium Cap 58.94% 71.54% -12.59%
Small Cap 9.06% 25.95% -16.89%
Cash 0.15% 0.00% 0.15%

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. 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. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Fund Group

Fund

 As at noon Share class Currency Domicile ISIN number NAV per share Change   KIID
Asian Equities JOHCM Asia ex Japan Small and Mid Cap Fund 02/07/2024 A EUR EUR Ireland IE00B6R5VD95 2.88 -0.01
Asian Equities JOHCM Asia ex Japan Small and Mid Cap Fund 02/07/2024 A GBP GBP Ireland IE00B6R5LS41 3.247 -0.013
Asian Equities JOHCM Asia ex Japan Small and Mid Cap Fund 02/07/2024 A USD USD Ireland IE00B6R5QW32 2.731 -0.018
Asian Equities JOHCM Asia ex Japan Small and Mid Cap Fund 02/07/2024 B EUR EUR Ireland IE00B6R5HM01 3.238 -0.012
Asian Equities JOHCM Asia ex Japan Small and Mid Cap Fund 02/07/2024 B GBP GBP Ireland IE00B6R63P81 3.127 -0.012
Asian Equities JOHCM Asia ex Japan Small and Mid Cap Fund 02/07/2024 B USD USD Ireland IE00B6R5YM91 2.565 -0.016
Asian Equities JOHCM Asia ex Japan Small and Mid Cap Fund 02/07/2024 Z - Class GBP GBP Ireland IE00B4X3T620 2.492 -0.01

Dividend Rates

Funds paying quarterly dividends

JOHCM UK Equity Income Fund

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

Dividends are quoted and paid in pence per share

Distribution of income occur on or before: 31 May, 31 August, 30 November and 28 February

The quarterly table above shows the last two years net dividends (on an accounting rather than a paid basis) for this fund. If you require the dividends for previous time periods, please contact Northern Trust directly on 0333 300 0359 or by email JOH_Onshore_TAQueries@ntrs.com.
 

Funds paying semi-annual dividends

Distribution of income occur on or before: 31 August and 28 February

JOHCM UK Dynamic Fund (Onshore)

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

JOHCM UK Dynamic Fund (Offshore)

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

JOHCM Global Select Shariah Fund 

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

Funds paying annual dividends

Distribution of income occur on or before 28 February

JOHCM Asia ex Japan Fund

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

JOHCM Asia ex Japan Small and Mid Cap Fund

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


JOHCM Continental European Fund

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

JOHCM European Select Values Fund

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


JOHCM Global Emerging Markets Opportunities Fund

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

JOHCM Global Opportunities Fund (onshore)

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

JOHCM Global Opportunities Fund (offshore)

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

JOHCM Global Select Fund

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


JOHCM UK Growth Fund

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

JOHCM UK Opportunities Fund

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

 

Net dividends quoted in the local share class currency.

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

Views & News

  • 24 Oct 2017

    Acorns to oak trees

    Cho-Yu Kooi, manager of the JOHCM Asia ex Japan Small and Mid Cap Fund, provides an update on the Fund's positioning and some of the portfolio holdings. 

    Read More

Webcasts & Videos

  • Video Image
    When Small Goes Big

    24 Nov 2023 | 31 mins

  • Video Image
    JOHCM Asia ex Japan Fund,JOHCM Asia ex Japan Small/Mid Cap Fund Q4 2021 Update

    03 Feb 2022 | 35 mins

  • Video Image
    JOHCM Asia ex Japan Fund,JOHCM Asia ex Japan Small/Mid Cap Fund Q3 2021 Update

    27 Oct 2021 | 47 mins

  • Video Image
    JOHCM Asia ex Japan Fund,JOHCM Asia ex Japan Small/Mid Cap Fund Q2 2021 Update

    20 Jul 2021 | 39 mins

  • Cho-Yu Kooi

    Senior Fund Manager

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This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. 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. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

Other Asian Equity Funds

JOHCM Asia ex Japan Fund

Based in our Singapore office, Samir Mehta employs a fundamental-based, predominantly bottom-up investment approach. He focuses on Asian companies with quality, sustainable, long-term growth hallmarks. These are businesses that can grow over economic and liquidity cycles and which generate high returns on the financial capital that they empl...

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Summary

This webpage is designed to provide the reader with information about the Asia ex-Japan Small and Mid-Cap Fund (“Fund”) in relation to the EU Sustainable Finance Disclosure Regulation or “SFDR” as referred to throughout this disclosure. JOHCM Funds (Ireland) Limited, the Fund’s Manager, has categorised the Fund as meeting the provisions set out in Article 8 of the SFDR. 

The information is required by law and does not form part of the Fund’s marketing materials. Its purpose is to help the reader understand the sustainability objective of this Fund. The reader is advised to read it in conjunction with the Fund’s prospectus that can be found here.

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SFDR Disclosure

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