JOHCM Continental European Fund

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Fund Description

Paul Wild manages this long-established fund with a pragmatic investment process that combines top-down economic and sector views with bottom-up stock picking. The Fund’s core style and risk profile has enabled it to outperform in both up and down markets and helped to build a market-leading performance track record since the Fund’s launch in 2001.
Investment Strategy
  • The Fund invests primarily in European blue chip and medium-sized companies
  • Paul Wild employs top-down sector analysis, focusing upon industry fundamentals, earnings growth potential and momentum, as well as simple sector valuations
  • Paul's bottom-up stock selection involves the identification of factors leading to potentially strong company earnings growth and positive earnings momentum (e.g. pricing power, brand positioning, financial management) and comparative valuation analysis
  • Paul adopts clear risk controls at both stock and industry level in order to maintain a low level of performance volatility.
Reasons To Invest
  • Diversified portfolio of Continental European equities primarily invested in blue chip and medium-sized companies
  • Focus upon the identification of both specific and industry-wide growth opportunities
  • The Fund has a long-term track record of combining superior capital growth with low performance volatility
  • Paul Wild

    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 European Select Values Fund

Fund manager Robrecht Wouters has a highly selective, valuation-oriented investment style, which focuses on undervalued pan-European companies that generate high returns on capital. His stock-picking approach is unconstrained by benchmark weightings and combines traditional ‘value’ investing (focusing on attractive valuations) an...

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JOHCM European Concentrated Value Fund

The Fund was launched in Q1 2015 as a large-cap, concentrated version of the highly successful JOHCM European Select Values Fund (ESV). Managed by experienced European equity investors Robrecht Wouters, long-standing lead manager of the ESV fund, and Luis Fananas, the duo have a highly selective, valuation-oriented investment approach which foc

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Investment Objective

The Fund aims to achieve long-term capital appreciation by investing in the equity securities of companies in the Europe ex UK region. Up to 15% of the Fund may be invested in companies domiciled outside the region.

Fund details

Data as at 31 May 2021
Fund size GBP 537.62m
Benchmark MSCI Europe ex UK NR 12pm adjusted
Domicile Ireland
Denomination GBP, EUR
Share classes
A USD - Hedge (Launch date) 07-April-2014
B USD - Hedge (Launch date) 28-March-2014
A GBP - Hedge (Launch date) 26-November-2014
A GBP (Launch date) 07-May-2003
A EUR (Launch date) 07-May-2003
B GBP (Launch date) 05-November-2001
B EUR (Launch date) 05-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 IE0033009121 33009121
A EUR IE0033009238 3300923
B GBP IE0031005436 3100543
B EUR IE0033009014 3300901
A USD - Hedge IE00BJ4G0G26 BJ4G0G2
B USD - Hedge IE00BJ4G0H33 BJ4G0H3
A GBP - Hedge IE00BSJCJ493 BSJCJ49

Fees and charges

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

Administration

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

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

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

Strategy Highlights

As at 31 May 2021

May was another good month for European stocks, a month in which consumer discretionary, energy, consumer staples and financials performed well. Inflation remained the hot topic over the month, particularly with the US consumer price index jumping 4.2% year on year, significantly above expectation and the fastest pace in 12 years, with the core inflation reading also beating expectations at 3%. The debate remains around the sustainability of higher inflation, given the base effects from last year with the likes of energy and used car prices having significantly rebounded. In Europe preliminary PMI data showed Services catching up to 55.1 and Manufacturing staying steady at 62.8. The IEA’s report on net zero by 2050 was a focus. To achieve this target, it sees the need for no investment in new fossil fuel supply and an end to sales of internal combustion engine-powered cars by 2035, with annual additions of solar and wind to reach 630GW and 390GW by 2030. The demand in green energy production remains the one irrefutable in all of this. 

A small amount of outperformance was gained over the month, attributable to strong stock selection, particularly within financials where the likes of the French banks and Santander performed well. Deutsche Post was the leading contributor after increasing its full-year forecasts and benefiting from an outlook of rising parcel demand, both on the consumer and business side, at a time of still very reduced airline freight capacity. UPM and RWE dragged a little, but without significant newsflow. I further added to the holding in Ahold after it recently upgraded its full-year targets and see a catalyst in the market’s further re-pricing of its Bol.com business, which is some nine times bigger than Amazon in the Dutch market, and is targeting growth of some 25% plus for the current year. Elsewhere, I sold the remaining holding in Signify after a significant re-rating and added to the portfolio’s UBS position on weakness.

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.
 

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 31 May 2021
A GBP share class, since launch (5 November 2001)

Return history (%)

Data as at 31 May 2021

Standardised Performance

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


Mar 16 - Mar 17 Mar 17 - Mar 18 Mar 18 - Mar 19 Mar 19 - Mar 20 Mar 20 - Mar 21
Fund 23.26% 4.07% -1.15% -12.61% 44.56%

Monthly returns (%)

Data as at 31 May 2021
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual Since inception
Fund 2001 5.00 5.00
Benchmark 2001 2.66 1.65 4.35
Fund 2002 0.10 2.28 5.12 -1.95 -0.63 -6.45 -11.17 -0.55 -14.07 7.29 7.51 -7.98 -20.95
Benchmark 2002 -3.89 0.21 5.14 -2.96 0.23 -9.83 -12.74 1.16 -12.19 4.65 9.90 -8.63 -27.66
Fund 2003 -4.10 -0.38 0.63 14.29 6.36 2.06 4.55 3.48 -2.05 4.96 2.91 4.15 42.17
Benchmark 2003 -5.29 -1.81 2.40 10.42 4.26 2.05 3.32 2.74 -2.92 3.42 3.35 4.83 29.17
Fund 2004 1.69 -0.33 -4.10 3.05 -3.13 3.58 -3.96 0.26 5.08 1.17 4.03 4.35 11.69
Benchmark 2004 1.19 -0.59 -3.30 2.70 -1.74 3.69 -4.50 1.30 4.31 2.61 3.35 3.48 12.71
Fund 2005 0.68 3.32 -0.44 -4.54 6.06 2.32 8.98 -0.97 5.37 -6.47 7.31 4.96 28.53
Benchmark 2005 -0.86 3.26 -0.24 -4.21 5.82 2.39 7.75 -2.40 4.91 -3.71 5.76 4.26 24.16
Fund 2006 4.43 3.96 4.89 -0.21 -7.84 1.47 0.83 1.54 3.09 0.95 2.50 2.85 19.36
Benchmark 2006 3.05 3.01 4.17 0.22 -6.53 1.92 0.93 1.78 3.47 1.77 1.73 2.31 18.85
Fund 2007 1.43 -0.05 3.02 5.91 2.30 -1.81 -2.92 -0.60 4.71 1.20 -0.09 2.42 16.27
Benchmark 2007 0.96 0.50 2.80 6.02 2.87 -2.60 -2.56 -0.50 5.07 2.34 -0.80 2.03 16.91
Fund 2008 -11.60 3.69 -1.08 4.13 2.17 -7.85 -1.32 3.42 -13.87 -14.54 2.74 16.12 -20.34
Benchmark 2008 -12.19 3.75 0.35 4.48 2.09 -10.85 -0.33 3.30 -12.84 -17.26 1.57 17.29 -23.10
Fund 2009 -11.58 -11.99 4.71 12.80 2.33 -3.91 7.78 12.24 8.94 -3.74 0.62 3.48 19.37
Benchmark 2009 -12.76 -11.45 7.17 12.51 2.20 -3.30 8.63 9.89 6.91 -3.34 0.98 3.13 18.26
Fund 2010 -5.57 2.44 9.04 -3.48 -7.19 -3.48 5.64 -3.90 9.36 4.30 -5.00 9.38 9.73
Benchmark 2010 -7.02 2.43 8.31 -3.90 -6.78 -3.73 6.32 -4.42 10.16 3.44 -5.29 8.41 5.77
Fund 2011 2.50 1.28 1.02 3.52 -1.64 0.87 -6.50 -9.82 -6.31 13.17 -11.50 1.64 -13.37
Benchmark 2011 2.09 0.75 1.54 4.65 -2.31 0.34 -6.68 -11.40 -6.89 11.16 -8.58 1.64 -14.79
Fund 2012 5.31 6.42 -1.65 -6.09 -7.60 4.71 2.75 4.48 3.31 2.30 2.43 2.41 19.19
Benchmark 2012 5.11 5.90 -1.77 -5.10 -7.15 4.24 3.31 3.75 2.27 2.35 2.96 1.96 18.31
Fund 2013 10.09 0.89 -0.08 1.23 5.48 -4.88 7.05 -1.69 2.18 7.36 -0.16 1.28 31.59
Benchmark 2013 9.48 0.85 -0.84 2.20 3.32 -4.68 6.84 -2.18 2.22 5.94 -0.51 0.54 24.75
Fund 2014 -2.39 5.52 0.91 -1.55 2.37 -3.30 -4.11 2.03 0.59 -1.10 5.44 -3.51 0.29
Benchmark 2014 -3.76 5.77 1.23 0.08 1.51 -2.40 -3.06 1.65 -1.24 -0.87 4.92 -3.71 -0.43
Fund 2015 4.94 2.87 3.45 -0.72 2.45 -5.13 2.40 -3.73 -2.35 4.15 1.17 0.15 9.48
Benchmark 2015 4.29 2.67 3.72 -1.39 1.76 -5.88 2.43 -5.22 -2.87 4.85 1.46 -0.53 4.66
Fund 2016 -4.23 0.90 3.18 0.44 0.06 2.45 5.96 2.56 -0.21 6.43 -5.59 5.89 18.45
Benchmark 2016 -4.54 0.82 3.69 0.94 -0.70 2.42 6.60 2.18 -0.39 6.08 -5.16 6.31 18.89
Fund 2017 1.35 -1.02 3.43 0.80 5.58 -1.40 1.95 1.66 0.36 1.21 -0.60 -1.13 12.66
Benchmark 2017 1.67 0.27 4.63 1.46 5.24 -0.95 1.00 2.01 -0.81 2.05 -1.22 -0.44 15.71
Fund 2018 3.10 -3.36 -3.80 5.22 -0.98 -0.37 3.72 -1.51 0.05 -5.80 -1.15 -5.80 -10.81
Benchmark 2018 1.69 -3.51 -3.23 4.40 -0.31 -0.41 4.75 -0.97 -1.03 -5.97 -0.25 -5.16 -10.12
Fund 2019 2.53 2.09 1.48 3.30 -2.62 5.71 2.90 -2.16 0.53 -1.95 1.96 1.67 16.20
Benchmark 2019 3.65 1.74 1.82 4.92 -2.45 6.54 2.72 -1.37 0.40 -1.56 1.83 1.16 20.76
Fund 2020 -2.32 -7.65 -11.43 7.41 8.77 5.95 -0.95 2.73 -1.18 -7.56 16.59 2.86 10.23
Benchmark 2020 -1.23 -6.67 -11.33 6.73 7.06 4.40 -0.71 2.05 -0.08 -6.49 14.65 1.90 7.85
Fund 2021 -2.37 2.46 4.74 2.51 2.16 9.72 512.08
Benchmark 2021 -1.90 -0.19 4.36 3.78 1.90 8.06 315.89

Source and notes

JOHCM/MSCI Barra/FTSE Group/Bloomberg/Lipper.

Data shown net of fees, net income reinvested. Please note that fund performance is shown against the MSCI Europe ex UK NR 12pm adjusted. Data for the period 5 November 2001 to 31 December 2012 is shown against the FTSE Eurofirst 300 ex UK TR Index. Performance of other share classes may vary and is available on request. Where shown, monthly returns table shows compounded discrete monthly performance. During the period  5 November 2001 to 7 May 2003 the performance record is based on the pre-existing share class that had a higher management fee.

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 31 May 2021
Fund size GBP 537.62m
Number of holdings 42

Top 10 holdings and active weights

Data as at 31 May 2021
Top 10 holdings
UBS 4.39%
Banco Santander 4.31%
Veolia Environnement 3.83%
Nordea Bank Abp 3.80%
Siemens 3.61%
ENEL 3.61%
CRH 3.59%
RWE 3.51%
Sanofi 3.44%
EIFFAGE 3.41%
Top 10 active weights
Nordea Bank Abp +3.80%
UBS +3.70%
Veolia Environnement +3.63%
Banco Santander +3.47%
EIFFAGE +3.30%
RWE +3.23%
CRH +3.12%
EDP Energias De Portugal +3.08%
Capgemini +2.80%
ENEL +2.68%

Sector breakdown

Data as at 31 May 2021
Portfolio Benchmark Relative
Financials 26.90% 15.54% 11.36%
Industrials 17.82% 15.99% 1.83%
Utilities 14.22% 4.65% 9.57%
Information Technology 10.21% 10.05% 0.15%
Consumer Discretionary 7.46% 13.77% -6.31%
Consumer Staples 6.44% 10.73% -4.28%
Materials 6.43% 7.10% -0.67%
Health Care 6.21% 14.21% -8.00%
Energy 2.23% 2.87% -0.64%
Communication Services 1.45% 3.73% -2.27%
Real Estate 0.00% 1.37% -1.37%
Cash 0.64% 0.00% 0.64%

Market cap breakdown

Data as at 31 May 2021
Portfolio Benchmark Relative
Large Cap 92.08% 99.79% -7.71%
Medium Cap 5.42% 0.21% 5.21%
Small Cap 1.86% 0.00% 1.86%
Cash 0.64% 0.00% 0.64%

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 18/06/2021 A GBP Ireland B3RQ272 2.956 0.020
A USD Ireland B435PM6 2.568 0.009
A EUR Ireland B431KK7 2.908 0.017
B EUR Ireland B5L49R5 2.942 0.018
B GBP Ireland B3ZQS76 2.904 0.020
B USD Ireland BF7NZT0 2.604 0.009
Z GBP Ireland B44PG77 2.101 0.015
Z USD Ireland BVG7681 1.718 0.006
JOHCM Asia ex Japan Small and Mid Cap Fund 18/06/2021 A GBP Ireland B6R5LS4 2.989 0.040
A USD Ireland B6R5QW3 2.760 0.028
A EUR Ireland B6R5VD9 2.644 0.032
B GBP Ireland B6R63P8 2.922 0.039
B USD Ireland B6R5YM9 2.636 0.026
B EUR Ireland B6R5HM0 2.994 0.036
Z GBP Ireland B4X3T62 2.262 0.030
JOHCM Continental European Fund 18/06/2021 A GBP Ireland 3300912 5.446 -0.065
A USD Ireland BJ4G0G2 1.721 -0.020
A EUR Ireland 3300923 4.433 -0.058
A Hedged GBP Ireland BSJCJ49 1.501 -0.019
B GBP Ireland 3100543 5.251 -0.062
B USD Ireland BJ4G0H3 1.753 -0.022
B EUR Ireland 3300901 4.464 -0.057
Y GBP Ireland B993PD0 2.006 -0.024
Y EUR Ireland B98YKX9 1.708 -0.022
Y Hedged GBP Ireland BSJCJ50 1.568 -0.020
JOHCM European Concentrated Value Fund 18/06/2021 A EUR Ireland BW0DJY9 1.165 -0.007
B EUR Ireland BW0DJZ0 1.158 -0.007
Z AUD Ireland BYNJFM8 1.328 -0.006
Z EUR Ireland BYNJFN9 1.074 -0.005
JOHCM European Select Values Fund 18/06/2021 A GBP Ireland 3290422 6.188 -0.040
A EUR Ireland 3290433 4.015 -0.032
B GBP Ireland 3290400 5.665 -0.037
B EUR Ireland 3290411 2.687 -0.021
Non-Distributing EUR Ireland BSFWK51 1.491 -0.011
X EUR Ireland B4K14L9 1.923 -0.014
Y EUR Ireland BMXC8L3 1.079 -0.009
JOHCM Global Emerging Markets Opportunities Fund 18/06/2021 A GBP Ireland B4002N4 1.579 -0.003
A USD Ireland B4M6CN0 1.415 -0.008
A EUR Ireland B3ZBLW7 1.733 -0.004
B GBP Ireland B41RZ57 1.518 -0.002
B USD Ireland B4XXMP2 1.848 -0.010
B EUR Ireland B4TRCR0 1.711 -0.005
Y GBP Ireland BYSGJY4 1.902 -0.004
Y USD Ireland BYSGJZ5 1.723 -0.008
Z GBP Ireland B6R54W9 1.990 -0.003
Z CAD Ireland BBPK0L2 1.840 -0.003
Z AUD Ireland B5W6ZB6 2.151 -0.002
JOHCM Global Income Builder Fund 18/06/2021 GBP Ireland BFZWPH7 1.124 -0.002
A SGD Ireland BFZWPG6 1.102 -0.005
A GBP Ireland BFZWPC2 1.073 -0.002
A USD Ireland BFZWPF5 1.111 -0.006
A EUR Ireland BFZWPD3 1.105 -0.004
B EUR Ireland BFZWPJ9 1.069 -0.003
EUR EUR Ireland BKF2GH9 0.983 -0.003
GBI GBP Ireland BHR0DJ1 1.105 -0.002
JOHCM Global Opportunities Fund (offshore) 18/06/2021 A GBP Ireland B89PQM5 2.271 -0.003
A USD Ireland B89JY23 2.358 -0.011
A EUR Ireland B7MR557 2.510 -0.005
B GBP Ireland BF7NZS9 2.499 -0.002
B USD Ireland B8295C7 2.243 -0.010
B EUR Ireland B80FZF0 2.308 -0.006
IHX EUR Ireland BFZWWX2 1.133 -0.006
X GBP Ireland BQVC9L0 1.940 -0.002
X EUR Ireland BMCZLF8 1.228 -0.002
X EUR Ireland BJ5JW42 1.145 -0.002
X Hedged GBP Ireland BF29TX5 1.211 -0.005
Z GBP Ireland B83MS15 0.904 -0.001
Z GBP Ireland BD6R4D6 1.720 -0.001
Z EUR Ireland BDZD4M4 1.128 -0.003
JOHCM Global Opportunities Fund (onshore) 18/06/2021 A Accumulating GBP UK BJ5JMC0 1.166 -0.001
A Distributing GBP UK BJ5JMD1 1.120 -0.002
AHA GBP UK BKDV8G1 1.211 -0.006
X Accumulating GBP UK BJ5JMF3 1.134 -0.001
X Distributing GBP UK BJ5JMG4 1.118 -0.001
JOHCM Global Select Fund 18/06/2021 A GBP Ireland B3DBRN2 4.630 0.024
A USD Ireland B3T31Z2 2.651 0.004
A EUR Ireland B3DBRP4 4.347 0.018
B GBP Ireland B3DBRL0 4.455 0.022
B USD Ireland B5L7L67 3.023 0.005
B EUR Ireland B3DBRM1 4.201 0.016
Z GBP Ireland B3DCMB8 3.326 0.017
Z USD Ireland B4V7J00 2.982 0.005
JOHCM Japan Fund 18/06/2021 A GBP Ireland B00X0H5 2.498 -0.021
A EUR Ireland 3438880 1.844 -0.018
A Hedged GBP Ireland B5LD7P6 1.830 -0.025
A JPY JPY Ireland 3438891 368.648 -4.871
B GBP Ireland 3438846 2.436 -0.022
B EUR Ireland 3438857 1.787 -0.017
B Hedged GBP Ireland B6386R1 1.833 -0.024
B JPY JPY Ireland 3438868 364.208 -4.698
JOHCM UK Dynamic Fund (onshore) 18/06/2021 Y GBP Ireland BDGKPZ4 0.977 -0.011
JOHCM UK Dynamic Fund (onshore) 18/06/2021 A Accumulating GBP UK B4T7HR5 2.693 -0.029
A Distributing GBP UK B4T8552 1.882 -0.020
B Accumulating GBP UK B4T7JX5 2.988 -0.033
B Distributing GBP UK B4TXJ33 1.711 -0.019
X Accumulating GBP UK BJ7HNB8 1.050 -0.011
X Distributing GBP UK BJ5JMB9 0.981 -0.010
Y GBP UK BDZRJ21 1.180 -0.013
Y Accumulating GBP UK BDZRJ10 1.553 -0.017
JOHCM UK Equity Income Fund 18/06/2021 A Accumulating GBP UK B03KR50 4.051 -0.054
A Distributing GBP UK B03KP23 1.907 -0.026
B Accumulating GBP UK B03KR83 3.752 -0.051
B Distributing GBP UK B03KR61 1.765 -0.024
X Distributing GBP UK BYV9S21 0.951 -0.013
Y GBP UK B95FCK6 1.287 -0.017
Y Accumulating GBP UK B8FCHK5 1.635 -0.022
JOHCM UK Growth Fund 18/06/2021 A GBP Ireland 3300934 4.192 -0.039
B GBP Ireland 3100554 3.651 -0.034
REU EUR Ireland BLLV8D7 2.280 -0.025
RUD USD Ireland BLLV8C6 2.526 -0.034
X USD Ireland BLLV871 2.535 -0.034
X EUR Ireland BLLV8B5 2.123 -0.021
X EUR Ireland BLLV882 2.287 -0.026
X GBP Ireland BLLV893 2.101 -0.021
JOHCM UK Opportunities Fund 18/06/2021 A Accumulating GBP UK B0LLB64 3.287 -0.020
A Distributing GBP UK B3K76Q9 2.159 -0.013
B Accumulating GBP UK B0LLB75 3.058 -0.019
B Distributing GBP UK B3K76P8 2.036 -0.013
X Accumulating GBP UK BQJZQQ5 1.512 -0.009
X Distributing GBP UK B95MSF4 1.224 -0.007
Y GBP UK B95J5C1 1.453 -0.009
Y Accumulating GBP UK B95HP81 1.838 -0.012
Regnan Global Equity Impact Solutions Fund (offshore) 18/06/2021 GBP Ireland BN2BDR9 0.964 0.002
USD Ireland BN2BDV3 0.984 -0.002
A GBP Ireland BN2BD80 0.958 0.001
A USD Ireland BN2BDC4 0.980 -0.002
A EUR Ireland BN2BD91 0.997 0.002
B GBP Ireland BN2BDD5 0.956 0.001
B USD Ireland BN2BDH9 0.977 -0.002
B EUR Ireland BN2BDF7 0.994 0.001
EUR EUR Ireland BN2BDS0 1.001 0.000
HSE EUR Ireland BN2BDT1 0.979 -0.002
IHX EUR Ireland BN2BDB3 0.978 -0.001
RHX EUR Ireland BN2BDG8 0.972 -0.002
Z GBP Ireland BN2BDN5 0.961 0.002
Regnan Global Equity Impact Solutions Fund (onshore) 18/06/2021 A Accumulating GBP UK BMCZDD0 1.120 0.002
DNA GBP UK BMCZDJ6 1.126 0.002
Y Accumulating GBP UK BMCZDK7 1.122 0.002

Dividend Rates

Funds paying monthly dividends

JOHCM Global Income Builder Fund

Share class 07/20 08/20 09/20 10/20 11/20 12/20 01/21 02/21 03/21 04/21 05/21 06/21
A  GBP 0.4554 0.4276 0.3871 0.4592 0.4016 0.4363 0.4312 0.3200 0.3071 0.3763 0.3485 0.3257
A EUR 0.4551 0.4180 0.3838 0.4431 0.3928 0.4289 0.4233 0.3205 0.3138 0.3899 0.3554 0.3336
A USD   0.4212 0.4154 0.3885 0.4393 0.3865 0.4335 0.4393 0.3270 0.3191 0.3864 0.3605 0.3443
A SGD  0.4323 0.4224 0.3895 0.4425 0.3899 0.4296 0.4274 0.3217 0.3140 0.3844 0.3558 0.3364
B EUR 0.4351 0.4083 0.3745 0.4319 0.3826 0.4174 0.4115 0.3114 0.3046 0.3781 0.3443 0.3229
Seed 0.4752 0.4464 0.3402 0.3929 0.3484 0.3806 0.3757 0.2846 0.2787 0.3464 0.3159 0.2966

Net dividends quoted in the local share class currency.

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

Funds paying quarterly dividends

JOHCM UK Equity Income Fund

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

Dividends are quoted and paid in pence per share

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

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

Funds paying annual dividends

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


JOHCM Asia ex Japan Fund

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

JOHCM Asia ex Japan Small and Mid Cap Fund

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

JOHCM Concentrated Global Share Fund

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

JOHCM Continental European Fund

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

JOHCM European Select Values Fund

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

JOHCM European Concentrated Value Fund

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

JOHCM Global Emerging Markets Opportunities Fund

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

JOHCM Global Opportunities Fund

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

JOHCM Global Select Fund

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

JOHCM Japan Fund

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

JOHCM UK Dynamic Fund

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

JOHCM UK Growth Fund

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

JOHCM UK Opportunities Fund

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

 

Net dividends quoted in the local share class currency.

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

Views & News

  • 30 Mar 2021

    Europe one year on...

    A look at the investment landscape in Europe and the key areas where we are finding opportunities. 

    Read More
  • 30 Sep 2020

    Three reasons to look again at Europe

    Is it time for investors to look again at European equities?

    Read More
  • 19 Jun 2020

    Europe three months on – a steadier ship

    The JOHCM Continental European Fund team point to signs of encouragement in European markets and economies.

    Read More
  • 23 Mar 2020

    The world has changed

    Paul Wild, manager of the JOHCM Continental European Fund, gives his take on the Coronavirus-driven sell-off. 

    Read More

Webcasts & Videos

  • JOHCM Continental European Fund Q1 21 Update

    21 Apr 2021 10:00 AM | 60 mins

  • JOHCM Continental European Fund Q4 20 Update

    18 Jan 2021 | 26 mins

  • JOHCM Continental European Fund Q3 20 Update

    15 Oct 2020 | 12 mins

  • JOHCM Continental European Fund Q2 20 Update

    16 Jul 2020 | 18 mins

  • Paul Wild

    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.
 

Other European Equity Funds

JOHCM European Select Values Fund

Fund manager Robrecht Wouters has a highly selective, valuation-oriented investment style, which focuses on undervalued pan-European companies that generate high returns on capital. His stock-picking approach is unconstrained by benchmark weightings and combines traditional ‘value’ investing (focusing on attractive valuations) an...

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JOHCM European Concentrated Value Fund

The Fund was launched in Q1 2015 as a large-cap, concentrated version of the highly successful JOHCM European Select Values Fund (ESV). Managed by experienced European equity investors Robrecht Wouters, long-standing lead manager of the ESV fund, and Luis Fananas, the duo have a highly selective, valuation-oriented investment approach which foc

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Environmental and Social Characteristics

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

J O Hambro Capital Management Limited (“Investment Manager”) seeks to avoid investing in companies which employ practices that contribute to significant environmental and social harms. The Investment Manager focuses on the incremental direction of travel that a company is on and considers whether a company is contributing to or undermining the UN Sustainable Development Goals when assessing its environmental management and social impact. In particular, the Fund seeks to avoid companies with poor performance in relation to carbon emissions, diversity, wages and treatment of employees. 

In addition to considering Environmental Social and Governance (“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, the Investment Manager excludes: 

  1. any company which derives greater than 5% revenue from thermal coal mining; 
  2. any company which derives greater than 5% revenue from oil sands; 
  3. any company which derives greater than 5% revenue from arctic drilling; 
  4. any company which derives greater than 5% revenue from hydraulic fracturing; and 
  5. any company which derives greater than 35% revenue from coal-based power generation. 

These selection criteria may not be disapplied or overridden. 

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.   

Governance

Investee companies must follow good governance practices. This requires investee companies to adhere to minimum standards in various areas including sound management structures, employee relations, remuneration of staff and tax compliance. The Investment Manager is a signatory to the UK Stewardship Code 2012, is requesting to be a signatory to the UK Stewardship Code 2020 (together the “Code”) and is a signatory to the UN Principles for Responsible Investment (the “UNPRI”). As a signatory to the Code and the UNPRI, the good governance practices of investee companies are assessed by the Investment Manager prior to making an investment and periodically thereafter. 

Index

The Fund uses the MSCI Europe ex UK NR Index for performance fee calculation purposes only and it is not, nor is it intended to be, aligned and/or consistent with the environmental and social characteristics promoted by the Fund. 

Periodic Reports

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

Implementing exclusionary screens

In implementing our exclusionary screens, the Investment Manager utilises the business involvement screening service offered by our third-party provider, ISS. As such, we rely upon ISS’s business involvement definitions, data and assessments.  

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. 

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